LB UK HOLDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-21 (in 1y)
Last made up 2026-05-07
Watchouts
None on the register
Cash
£20M
-40.9% vs 2023
Net assets
£46M
-16.8% vs 2023
Employees
1,488
+2.8% vs 2023
Profit before tax
-£9M
-338.4% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £275,062,000 | £250,174,000 | |
| Operating profit | £10,647,000 | -£1,804,000 | |
| Profit before tax | £3,722,000 | -£8,873,000 | |
| Net profit | £3,759,000 | -£5,394,000 | |
| Cash | £33,294,000 | £19,685,000 | |
| Total assets less current liabilities | £159,528,000 | £153,965,000 | |
| Net assets | £54,867,000 | £45,656,000 | |
| Equity | £54,867,000 | £45,656,000 | |
| Average employees | 1,448 | 1,488 | |
| Wages | £50,213,000 | £51,840,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 3.9% | -0.7% | |
| Net margin | 1.4% | -2.2% | |
| Return on capital employed | 6.7% | -1.2% | |
| Current ratio | 2.13x | 1.85x | |
| Interest cover | 1.50x | -0.26x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- LB UK HOLDCO LIMITED · parent
- Engineered Foam Products Limited 100%
- Engineered Foam Products LLC 100%
- Brand New Co (444) Limited 100%
- Springvale EPS Limited 100%
- Springvale EPS Southern Limited 100%
- Springvale Property Limited 100%
- EcoBead Limited 100%
- DW Reusables N.V. 100%
- DW Reusables sp. z.o.o. 100%
- DW Reusables d.o.o. 100%
- DW Reusables Hum d.o.o. 100%
- DW Reusables d.o.o. Subotica 100%
- Corplex Iberia S.A.U. 100%
- Corplex France Holdco SAS 100%
- Corplex France Kaysersberg SAS 100%
- Corplex France Wormhout SAS 100%
- Corplex Recycling SAS 100%
- Corplex USA LLC 100%
- Corplex Plastics UK Limited 100%
- Corplex Holdco Limited 100%
- Corplex Slovakia s.r.o. 100%
- Corplex Jersey Holdco Limited 100%
- Engineered Foam Products Jersey Holdco Limited 100%
- First4Boxes Limited 100%
Significant events
- “On 31st July 2025 the Group entered into an agreement with Legend Fleet Solutions Inc. to sell the Corplex USA LLC entity to them for a total consideration of $6.5m plus working capital. This sale completed on the same day but final working capital valuation is still subject to conclusion at the date of these accounts. The total value is expected to be in the region of $9m which will be retained as cash by the Company for use on future strategic opportunities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SCHMIDT, Henry Walter | Director | 2023-02-13 | Jan 1963 | American |
| VAN DER SCHALK, Lucas Herbert | Director | 2023-02-13 | Mar 1969 | Dutch |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCLELAND, Andrew | Director | 2019-05-08 | 2023-02-13 |
| PARKER, Leanne | Director | 2019-05-08 | 2023-02-13 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 30 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-08 | AA | accounts | Accounts with accounts type group | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-12 | AA | accounts | Accounts with accounts type group | |
| 2024-12-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-14 | AA | accounts | Accounts with accounts type group | |
| 2023-07-05 | AA | accounts | Accounts with accounts type group | |
| 2023-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-30 | SH01 | capital | Capital allotment shares | |
| 2023-01-30 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-27 | SH01 | capital | Capital allotment shares | |
| 2023-01-26 | SH01 | capital | Capital allotment shares | |
| 2022-12-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-9%
£275,062,000 £250,174,000
-
Cash
-40.9%
£33,294,000 £19,685,000
-
Net assets
-16.8%
£54,867,000 £45,656,000
-
Employees
+2.8%
1,448 1,488
-
Operating profit
-116.9%
£10,647,000 -£1,804,000
-
Profit before tax
-338.4%
£3,722,000 -£8,873,000
-
Wages
+3.2%
£50,213,000 £51,840,000
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