LAXEY GROUP LIMITED
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Cash
—
Latest balance sheet
Net assets
-£159
-100.6% vs 2022
Employees
—
Average over period
Profit before tax
-£160
-100% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Insolvency history on file
Companies House holds prior insolvency events for this company. Detail and outcome on the official register.
-
Material uncertainty over going concern
These financial statements have been prepared on a non-going concern basis, with provision made for liquidation costs. The Directors expect the Company to be placed into Members Voluntary Liquidation during the next accounting period.
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2023-06-30
| Metric | Trend | 2022-06-30 | 2023-06-30 |
|---|---|---|---|
| Turnover | £105,186,806 | — | |
| Operating profit | £105,197,361 | -£160 | |
| Profit before tax | £105,174,012 | -£160 | |
| Net profit | £105,174,012 | -£160 | |
| Cash | — | — | |
| Total assets less current liabilities | £25,001 | -£159 | |
| Net assets | £25,001 | -£159 | |
| Equity | £25,001 | -£159 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2022-06-30 | 2023-06-30 |
|---|---|---|---|
| Operating margin | 100.0% | — | |
| Net margin | 100.0% | — | |
| Return on capital employed | 420772.6% | 100.6% | |
| Current ratio | 1.00x | 1.00x | |
| Interest cover | 653.56x | — |
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
- Reporting scope
- Standalone (parent only)
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Material uncertainty disclosed
“These financial statements have been prepared on a non-going concern basis, with provision made for liquidation costs. The Directors expect the Company to be placed into Members Voluntary Liquidation during the next accounting period.”
Group structure
- LAXEY GROUP LIMITED · parent
- Laxey Partners Ltd
- Laxey Worldwide Limited
Significant events
- “The Directors expect the Company to be placed into Members Voluntary Liquidation during the next accounting period.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KINGSNORTH, Colin William | Director | 2021-11-11 | Oct 1963 | British |
| MELVIN, Ian Edward | Director | 2021-11-11 | Mar 1981 | British |
Ownership
Persons with significant control
Filing timeline
Last 8 of 8 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2024-10-29 | AA | accounts | Accounts with accounts type full | |
| 2024-03-21 | OSLQ01 | insolvency | Liquidation appointment of liquidator overseas | |
| 2024-03-21 | OSLQ03 | insolvency | Liquidation winding up overseas | |
| 2023-02-03 | AA | accounts | Accounts with accounts type full | |
| 2022-02-28 | AA01 | accounts | Change account reference date company current shortened | |
| 2021-11-11 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2021-11-11 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2021-11-11 | OSIN01 | incorporation | Register overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
Year-on-year
FY2022 → FY2023 · period ending 2023-06-30 vs 2022-06-30
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
-100.6%
£25,001 -£159
-
Employees
—
Not reported
-
Operating profit
-100%
£105,197,361 -£160
-
Profit before tax
-100%
£105,174,012 -£160
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