LETHINGTON LEISURE LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors confirm that, based on the most recent available forecasts, there is a material uncertainty that the Group will have sufficient cash resources available to meet all of its liabilities as they fall due, particularly across the quieter winter trading period where the Group's operating liquidity is typically lower. ... The Directors consider these conditions represent a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.

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 101

Reporting scope

Standalone (parent only)

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors confirm that, based on the most recent available forecasts, there is a material uncertainty that the Group will have sufficient cash resources available to meet all of its liabilities as they fall due, particularly across the quieter winter trading period where the Group's operating liquidity is typically lower. ... The Directors consider these conditions represent a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “The Group delisted from AIM on 2 May 2025 which will lead to anticipated annual cost savings of between £250,000 and £300,000”
• “On 31 March 2025, the Group signed an amendment to its loan facility.”
• “In September 2024, the Group took the decision to dispose of the remaining five loss-making sites comprising the Bars trading division.”
• “In April 2025, the Group took the decision to actively seek a buyer for the sale of Lightwater Valley.”
• “In May 2025, the Group's listing of its ordinary shares on the London Stock Exchange was cancelled with the delisting becoming effective on 2 May 2025.”
• “In August 2025, the landlord triggered an early termination clause in the lease for the Livingston site. The site was returned to the landlord on 15 August 2025.”

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

Filings

9

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

  -4.2%

  £6,227,000 → £5,964,000

• Cash

  -66.3%

  £2,514,000 → £846,000

• Net assets

  -9.6%

  £10,404,000 → £9,408,000

• Employees

  0%

  88 → 88

• Operating profit

  -154.6%

  £1,557,000 → -£850,000

• Profit before tax

  -180.4%

  £1,365,000 → -£1,097,000

• Wages

  +12.4%

  £1,230,000 → £1,383,000

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