LOCAL ECONOMIC DEVELOPMENT COMPANY (LEDCOM) LIMITED

1. LOCAL ECONOMIC DEVELOPMENT COMPANY (LEDCOM) LIMITED 2014-11-11 → present
2. LARNE ENTERPRISE DEVELOPMENT COMPANY LIMITED 1985-05-09 → 2014-11-11

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

Finegan Gibson

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of these 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 charity'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. LOCAL ECONOMIC DEVELOPMENT COMPANY (LEDCOM) LIMITED · parent
   1. Business-Led (Northern Ireland) Limited · Northern Ireland · Project Management
   2. Heritage Experience Limited · Northern Ireland · Video distribution

Significant events

• “Having reached a significant 40th anniversary milestone, LEDCOM has continued its focus on sub-regional economic growth as the local enterprise centre for the Larne and Ballyclare areas.”
• “With Mr Henry Fletcher's passing in July 2025, LEDCOM lost a highly effective board member and former Chairman who made an immense contribution.”
• “During the year the directors/trustees were delighted to co-opt Mr Graham Lapsley onto the Board.”
• “The board was pleased to see LEDCOM's long serving CEO Ken Nelson MBE recognised with a Lifetime Achievement Award at the Larne Business Awards in March 2025.”
• “During the year LEDCOM has been at the forefront of a strategically vital pilot for Community Wealth Building for Larne.”
• “progression of a major refurbishment of its original site on Larne's Bank Road, with an investment of c.£1 million of the company's own resources, supported by Danske.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +7.7%

  £778,475 → £838,223

• Cash

  -8.3%

  £613,388 → £562,610

• Net assets

  +5.9%

  £4,959,098 → £5,254,124

• Employees

  +42.9%

  7 → 10

• Wages

  +8.4%

  £234,365 → £254,117

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