LINKSYS UK LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. LINKSYS UK LIMITED 2021-01-11 → present
2. BELKIN CHB UK LIMITED 2018-09-11 → 2021-01-11

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

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered the liquidity of the Company. The Company is generating positive cash flow independent of parent company transactions and the directors expect this to continue to be so for the foreseeable future; as such, the Company will be able to settle day to day liabilities as they fall due. However, the company has a significant intercompany liability payable to Linksys USA, Inc. which it does not currently have, nor is likely to have for the foreseeable future, the resources to settle. The Directors have obtained a letter of support from the Linksys USA, Inc. confirming that there will be no request for repayment of the intercompany balance due to it within 12 months of the approval of the 30 December 2023 financial statements. There is also a planned debt restructuring which has not yet been final approved which would result in this debt being settled through the issuance of share capital. On this basis, the Directors are satisfied that it remains appropriate for these financial statements to be prepared on a going concern basis of preparation.”

Significant events

• “The business has continued to find areas of growth, notably in the Service Provider market in The UK and The UAE (our UK service provider revenue grew by more than 35% period-over-period).”
• “The business is cash generative, primarily driven through a successful inventory reduction program.”
• “Profitability is improving through reduced operating costs. This is primarily driven by a reduction in the cost sharing contribution to Linksys US, but local cost reductions are also a factor and the business expects its operating cost base to be significantly lower in 2024.”

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

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +12.2%

  £31,339,511 → £35,151,223

• Cash

  +125.2%

  £1,517,420 → £3,416,605

• Net assets

  -8%

  -£6,263,899 → -£6,762,787

• Employees

  +25%

  36 → 45

• Profit before tax

  +88.6%

  -£4,211,268 → -£481,097

• Wages

  +7.2%

  £3,272,053 → £3,508,525

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