LECTA LIMITED

1. LECTA LIMITED 2020-02-07 → present
2. PAPER INDUSTRIES TOPCO LIMITED 2020-01-15 → 2020-02-07

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

IFRS

Reporting scope

Consolidated group

Auditor

Ballards LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements of the Lecta Group have been prepared on a going concern basis. Management is confident that the Group will maintain liquidity and continue as a going concern for a foreseeable future.”

Group structure

1. LECTA LIMITED · parent
   1. Arjo Wiggins Chartpack S.A. 100% · France · Production of woodfree coated paper
   2. Cartiere del Garda SpA 100% · Italy · Production of woodfree coated paper
   3. Condat SAS 100% · France · Production of woodfree coated paper
   4. Lecta France SAS 100% · France · Sales of paper
   5. Lecta Italia SpA 100% · Italy · Sales of paper
   6. Torraspapel SA 100% · Spain · Production of woodfree coated paper

Significant events

• “The integration process covers Lecta’s industrial operations in Italy, France, and Spain, as well as paper distribution in these countries and Portugal. As part of the Organization Efficiency Program, Lecta has planned several cost reduction projects, the program aims to maintain labour costs stable despite salary inflation and the creation of new job positions related to investments in specialties. Specific actions, as mentioned in Note 3.3, address the structural deferral in certain markets.”
• “On 30 September 2024, Lecta Paper Industries Intermediate Financing issued a new tranche of EUR 25.0 M as part of its EUR 37.2 M New Money Facility in the form of tradeable notes maturing Q3 2028.”
• “In January 2024, the Group implemented the spin-off of its Self-Adhesives business out of Torraspapel S.A. to a newly created company, Lecta Self-Adhesives España, S.L. based in a new location in Barcelona, Spain. Operationally, the spin-off was effective as of 1 January 2024, date at which Lecta Self-Adhesives España, S.L. began operating on its own.”
• “The cessation of operations at paper Machine 4 (PM4) at the Condat mill, which was producing Coated Woodfree Paper (CWF)... The renegotiation process was concluded on 11 October 2023, with all representatives signing the social plan. The cessation of PM4 has generated 91 full-time equivalent employees, 22 October 2023.”
• “On 29 March 2023, the Group entered into a new revolving credit facility and term loan facility... EUR 15.0 M for working capital, EUR 20.0 M for investments...”

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

Filings

8

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +6.5%

  £1,073,255,028 → £1,142,490,465

• Cash

  -2.6%

  £131,710,298 → £128,254,161

• Net assets

  -16.3%

  £270,638,870 → £226,408,634

• Employees

  -3.7%

  2,806 → 2,702

• Profit before tax

  +63.7%

  -£101,218,793 → -£36,693,828

• Wages

  +67%

  £144,509,362 → £241,328,883

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