LAST MILE INFRASTRUCTURE GROUP LIMITED

1. LAST MILE INFRASTRUCTURE GROUP LIMITED 2019-09-05 → present
2. ENERGETICS GROUP LIMITED 2018-10-30 → 2019-09-05
3. HIRST BIDCO LIMITED 2018-08-23 → 2018-10-30

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at the reporting date the Last Mile Infrastructure Group Limited had net current liabilities of £103,161,000 (2024: £86,957,000) and net assets of £358,047,000 (2024: £273,528,000). Any amounts owed to group undertakings will not be recalled within the next 12 months, with such support having been formally provided in writing and remains in effect at the time of approving the financial statements. In March 2022, the group entered into a £367m long term financing facility, provided by a group of banks and institutional lenders, In July 2024, this increased by a further £220m from lenders within the existing group, details of which are provided in note 1 of the financial statements. The facility can be drawn down as new connections are energised and based on projections, the directors consider that the group will continue to operate within the limits of the facility and covenants. After considering the above, the directors believe that the company is well placed, at the time of approving the financial statements, to manage its business risks (as detailed in the strategic report) successfully and has adequate resources to continue in operational existence for a period of 12 months from the signing of the financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. LAST MILE INFRASTRUCTURE GROUP LIMITED · parent
   1. Last Mile Asset Management Limited 100% · UK · Operator of Infrastructure Networks
   2. Energetics Design & Build Limited 100% · UK · Multi-utility connections provider
   3. Last Mile Electricity Limited 100% · UK · Ownership & operation of electricity distribution networks
   4. Last Mile Gas Limited 100% · UK · Ownership & operation of gas distribution networks
   5. Last Mile Infrastructure Holdco Limited 100% · UK · Holding company
   6. Last Mile (Design and Build) Limited (formerly Last Mile (D&B) Limited) 100% · UK · Holding company
   7. Last Mile Infrastructure Limited 100% · UK · Holding company
   8. Last Mile (Own and Manage) Limited (formerly Last Mile Infrastructure UK Limited) 100% · UK · Holding company
   9. UK Power Solutions Limited 100% · UK · Multi-utility connections provider
   10. Last Mile Water Limited 100% · UK · Holding company
   11. Icosa Water Limited 100% · UK · Construction of water and wastewater network infrastructure assets
   12. Icosa Water Services Limited 100% · UK · Ownership & operation of water and wastewater infrastructure assets
   13. Last Mile Heat Limited 90% · UK · Ownership & operation of heat networks

Significant events

• “In June 2024, the group acquired the remaining minority shareholding in Last Mile Water Limited.”
• “In September 2024, the group acquired the remaining minority shareholding in UK Power Solutions Limited.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +18.3%

  £162,243,000 → £191,948,000

• Cash

  -5.2%

  £13,985,000 → £13,259,000

• Net assets

  +30.9%

  £273,528,000 → £358,047,000

• Employees

  -1.3%

  817 → 806

• Operating profit

  +11.6%

  £63,190,000 → £70,514,000

• Profit before tax

  +5%

  £29,377,000 → £30,839,000

• Wages

  +7.2%

  £40,811,000 → £43,764,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers