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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-06-18 (in 1mo)

Last made up 2025-06-04

Watchouts

None on the register

Cash

£13M

-82.7% vs 2023

Net assets

£97M

-46.4% vs 2023

Employees

2,197

+15.9% vs 2023

Profit before tax

-£93M

-52.4% vs 2023

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £272,458,045£294,872,539
Operating profit £18,001,278-£1,625,922
Profit before tax -£60,972,069-£92,909,819
Net profit -£57,139,539-£92,096,858
Cash £73,166,483£12,658,963
Total assets less current liabilities
Net assets £180,477,324£96,742,349
Equity £180,477,324£96,742,349
Average employees 1,8952,197
Wages £106,614,018£114,627,490

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 2023-12-312024-12-31
Operating margin 6.6%-0.6%
Net margin -21.0%-31.2%
Gearing (liabilities / total assets) 83.0%91.3%
Current ratio 1.40x0.56x
Interest cover 0.22x-0.02x

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 101
Reporting scope
Consolidated group
Auditor
PricewaterhouseCoopers LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“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 and the 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

  1. LANCELOT UK HOLDCO LIMITED · parent
    1. Lancelot UK Finco Limited 100% · United Kingdom
    2. EG A/S* 100% · Denmark
    3. EG Midco ApS* 100% · Denmark
    4. EG Danmark A/S* 100% · Denmark
    5. Dynaway A/S* 100% · Denmark
    6. EG Sigma A/S* 100% · Denmark
    7. Xena ApS* 100% · Denmark
    8. CalWin A/S* 100% · Denmark
    9. EG Digital Welfare ApS* 100% · Denmark
    10. EG Norge AS* 100% · Norway
    11. EG Retail AS* 100% · Norway
    12. EG Retail AB* 100% · Sweden
    13. Front Systems AS* 100% · Norway
    14. EG DK Spain SLU* 100% · Spain
    15. Ørn Software AS* 100% · Norway
    16. Ørn Software AB* 100% · Sweden
    17. Entro AB* 100% · Sweden
    18. Örn Software Ehf* 100% · Iceland
    19. EG Checkware AS* 100% · Norway
    20. EG Checkware Ltd* 100% · United Kingdom
    21. CheckWare Sp. z o.o* 100% · Poland
    22. Vigilo AS* 100% · Norway
    23. Vigilo AB* 100% · Sweden
    24. EG Holte AS* 100% · Norway
    25. EG Finland Oy* 100% · Finland
    26. EG Software Finland Oy* 100% · Finland
    27. Zeroni Oy* 100% · Finland
    28. Timma Oy* 100% · Finland
    29. Timma Sverige AB* 100% · Sweden
    30. Timma AS* 100% · Norway
    31. Timma OÜ* 100% · Estonia
    32. Timma Danmark A/S* 100% · Denmark
    33. CBIT AS* 100% · Norway
    34. SIA Timma* 100% · Latvia
    35. Easoft Group Oy* 100% · Finland
    36. Easoft Link Oy* 100% · Finland
    37. Easoft Firasor Oy* 100% · Finland
    38. Easoft ERP Oy* 100% · Finland
    39. Easoft Docs Oy* 100% · Finland
    40. Easoft KodinPro Oy* 100% · Finland
    41. Easoft Maplet Oy* 100% · Finland
    42. Affärssystem EAS AB* 100% · Sweden
    43. EG Sverige AB* 100% · Sweden
    44. EG Software Sweden AB* 100% · Sweden
    45. EG CheckWare AB* 100% · Sweden
    46. Mestro AB* 100% · Sweden
    47. Mestro Danmark ApS* 100% · Denmark
    48. Mestro Norge AS* 100% · Norway
    49. EG Poland Sp. z o.o* 100% · Poland
    50. EGDK INDIA PRIVATE LIMITED* 100% · India
    51. EG US Inc.* 100% · United States

Significant events

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

People

2 active · 1 resigned

Name Role Appointed Born Nationality
LATHUILLE, Quentin Adrien Director 2024-02-06 Aug 1990 French
OKSANEN, Petri Director 2019-05-30 Sep 1980 Canadian
Show 1 resigned officer
Name Role Appointed Resigned
SHAH, Deep Director 2019-05-30 2024-02-06

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 57 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2023-12-18 MA Memorandum articles
  • 2023-12-18 RESOLUTIONS Resolution
Date Type Category Description
2025-10-01 AA accounts Accounts with accounts type group
2025-07-08 CS01 confirmation-statement Confirmation statement with updates PDF
2024-10-16 SH01 capital Capital allotment shares PDF
2024-09-25 SH01 capital Capital allotment shares PDF
2024-09-16 AA accounts Accounts with accounts type group
2024-06-28 SH03 capital Capital return purchase own shares
2024-06-18 CS01 confirmation-statement Confirmation statement with updates PDF
2024-04-20 SH08 capital Capital name of class of shares
2024-04-10 SH01 capital Capital allotment shares PDF
2024-03-27 SH08 capital Capital name of class of shares
2024-03-25 SH08 capital Capital name of class of shares
2024-02-20 SH08 capital Capital name of class of shares
2024-02-07 TM01 officers Termination director company with name termination date PDF
2024-02-07 AP01 officers Appoint person director company with name date PDF
2024-02-07 SH01 capital Capital allotment shares PDF
2024-02-07 SH08 capital Capital name of class of shares
2023-12-18 MA incorporation Memorandum articles
2023-12-18 RESOLUTIONS resolution Resolution
2023-12-12 SH01 capital Capital allotment shares PDF
2023-09-29 AA accounts Accounts with accounts type group

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

last 12 months

Capital events
3

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

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

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

Official Companies House page