LIMA GROUP HOLDINGS LIMITED

1. LIMA GROUP HOLDINGS LIMITED 2020-02-28 → present
2. ENSCO 1346 LIMITED 2019-06-18 → 2020-02-28

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

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The group faced challenges during the year, though continue to gain support from their investors. The groups external loan balances were refinanced by the majorty shareholder, Maven Capital, resulting in there being no external debt within the group. Since the year end, implementation of the Group's strategic review has begun to drive improved financial and operational results. The directors believe that the group is well placed to manage its business risks and has prepared a cashflow forecast covering a period of at least 12 months from the date of approval. This forecast has been prepared and consolidated with the forecast of Lima Networks Ltd and Data Centre UK Ltd (together, 'the Group'). The Group is satisfied that there is sufficient support from its shareholders and that it has taken appropriate steps to enable it to pay all liabilities as and when they are called for having considered expected forecast performance against loan covenants. Accordingly, the directors continue to adopt the going concern basis in preparing the directors' report and accounts.”

Group structure

1. LIMA GROUP HOLDINGS LIMITED · parent
   1. Lima Networks Ltd 100% · UK · IT infrastructure solutions and services
   2. Data Centre UK Ltd 100% · UK · IT infrastructure solutions and services

Significant events

• “Due to the refinance by majority shareholder Maven Capital, LIMA Networks Ltd, Data Centre UK Ltd, and Lima Group Holdings Ltd are no longer party to the debenture guarantee in favour of Clydesdale Bank Plc in respect of borrowings and credit card facilities which were secured by the bank standard debenture over the assets of the group. Maximum exposure at year end is £Nil (2023 - £1,497,500).”

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

Filings

3

last 12 months

Capital events

1

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.

• Turnover

  -7.8%

  £17,647,083 → £16,278,266

• Cash

  -77.3%

  £925,975 → £210,360

• Net assets

  -30.5%

  -£5,833,718 → -£7,611,741

• Employees

  +3.1%

  65 → 67

• Operating profit

  +46.5%

  -£1,485,835 → -£795,568

• Profit before tax

  +23.7%

  -£2,394,186 → -£1,827,172

• Wages

  -0.7%

  £4,125,245 → £4,094,931

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