LCH LIMITED
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Cash
£705M
EUR 822,500,000
-6.9% lowest in 3 filed years
Net assets
£2.3B
EUR 2,635,100,000
+121.8% highest in 3 filed years
Employees
548
-0.9% lowest in 3 filed years
Profit before tax
£515M
EUR 601,300,000
+11.8% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £541,277,325 | £607,715,388 | £645,777,968 | +6.3% | |
| Operating profit | £386,540,934 | £424,346,335 | £488,384,055 | +15.1% | |
| Profit before tax | £419,459,923 | £461,208,744 | £515,473,639 | +11.8% | |
| Net profit | £319,759,966 | £343,934,848 | £390,827,261 | +13.6% | |
| Cash | £709,815,688 | £757,393,913 | £705,100,729 | -6.9% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £938,534,076 | £1,018,688,384 | £2,258,979,854 | +121.8% | |
| Equity | £938,534,076 | £1,018,688,384 | £2,258,979,854 | +121.8% | |
| Average employees | 582 | 553 | 548 | -0.9% | |
| Wages | £87,012,430 | £95,242,177 | £93,013,288 | -2.3% | |
| Directors' remuneration | £2,057,437 | £771,539 | £1,800,257 | +133.3% |
Figures converted to GBP from EUR at 0.857 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 71.4% | 69.8% | 75.6% | |
| Net margin | 59.1% | 56.6% | 60.5% | |
| Gearing (liabilities / total assets) | 99.6% | 99.5% | 98.9% | |
| Current ratio | — | 1.00x | 1.00x | |
| Interest cover | 54.33x | 61.87x | 62.60x |
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.
Name history
Renamed 3 times since incorporation
- LCH LIMITED 2016-12-09 → present
- LCH.CLEARNET LIMITED 2003-12-19 → 2016-12-09
- THE LONDON CLEARING HOUSE LIMITED 1991-06-04 → 2003-12-19
- INTERNATIONAL COMMODITIES CLEARING HOUSE LIMITED 1888-02-22 → 1991-06-04
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for 12 months from the date when these financial statements are authorised for issue. The Company has a large number of clearing members and is not unduly reliant on any single clearing member or group of clearing members.”
Significant events
- “The most significant delivery of the year was the successful completion of a major upgrade to the SwapClear clearing system, delivered with minimal disruption, while maintaining regular business operations.”
- “As part of a wider LSEG strategic transaction, the Company acquired an increased proportion of the revenue surplus from the SwapClear business.”
- “On 31 January 2025, the European Commission extended the equivalence for UK CCPs until 30 June 2028.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 90 resigned
Showing the first 100 officers on file — Companies House returns these 100 per page and this record sits at that limit, so the list (and any former officers) may be incomplete. Full register on Companies House
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TUTTON, Simon | Secretary | 2018-04-13 | — | — |
| BAKHSHI, Balbir | Director | 2021-09-29 | Apr 1970 | British |
| BERNDSEN, Ronaldus Johannes | Director | 2018-01-01 | Mar 1965 | Dutch |
| BORTNIK, Mark Andrew | Director | 2025-10-02 | Apr 1977 | British |
| DE VERDELON, Suzanne Nadia | Director | 2025-02-24 | Sep 1982 | French |
| HUDIS, James Andrew | Director | 2020-09-09 | Apr 1956 | American |
| MACHELL, Carole | Director | 2020-11-13 | Feb 1962 | British |
| MCCARTHY, Anthony Phillip | Director | 2020-07-02 | May 1959 | American |
| SAUNDERS, Gary Lewis | Director | 2024-03-20 | Aug 1978 | British |
| THOMAS, Catherine Anne | Director | 2025-02-17 | May 1968 | British |
Show 90 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALEXANDER, Jacqueline Ann | Secretary | 2007-11-01 | 2009-04-28 |
| CLARK, Bernard James | Secretary | — | 2000-07-31 |
| DAVIES, Daniel Kennedy | Secretary | 2006-11-27 | 2007-11-01 |
| DOUKAKI, Christopher | Secretary | 2011-11-22 | 2012-02-22 |
| FRANKLIN, Robert Norman Carew | Secretary | 2014-03-31 | 2018-04-13 |
| GIRAUD-PRINCE, Stephan | Secretary | 2009-04-28 | 2011-11-22 |
| JOHN, Elizabeth | Secretary | 2001-02-23 | 2005-05-05 |
| WARD, Susan Mary | Secretary | 2005-05-05 | 2006-09-23 |
| WARD, Susan Mary | Secretary | 2000-07-31 | 2001-02-23 |
| WHITEHEAD, David Clive | Secretary | 2012-02-22 | 2014-03-31 |
| ABBOTT, Martin | Director | 2008-01-21 | 2013-05-01 |
| ABRAMS, Ian Barry | Director | 2008-06-24 | 2017-09-01 |
| ADAMS, Laurence Philip | Director | 2018-02-01 | 2026-06-30 |
| AIGRAIN, Jacques | Director | 2010-04-06 | 2015-03-04 |
| ALBERTI, Kerry Barton | Director | — | 1993-07-31 |
| ANDERSON, Gary John | Director | 2002-10-31 | 2003-12-22 |
| AXE, Ian John | Director | 2011-04-04 | 2013-09-25 |
| BADAT, Nazir Ahmed | Director | 2007-11-01 | 2013-05-01 |
| BAKER, George Mccall | Director | — | 1996-10-10 |
| BAKHSHI, Suneel | Director | 2014-02-03 | 2017-10-18 |
| BARRATT, Donald Roy | Director | — | 1994-01-10 |
| BARTON, Roger Nigel | Director | 2001-11-26 | 2003-12-22 |
| BARTON, Roger Nigel | Director | 2000-03-27 | 2000-06-26 |
| BARTON, Roger Nigel | Director | 1996-10-10 | 1999-07-21 |
| BERLIAND, Richard David Antony | Director | 1999-06-28 | 2003-12-22 |
| BERTHOMIER, Francis Nicolas Jean | Director | 2007-11-01 | 2011-06-17 |
| BIRLEY, Patrick Jeremy | Director | 2006-02-17 | 2007-05-11 |
| BOEHM, Jean Michel | Director | 1997-08-28 | 2000-01-24 |
| BRADWELL, William | Director | — | 1997-08-28 |
| CAOUETTE, John Bernard | Director | 2003-12-22 | 2007-05-07 |
| CHAMPION, John | Director | — | 1995-12-19 |
| CHENEVIX-TRENCH, Jonathan Charles | Director | 2000-06-26 | 2003-12-22 |
| CHILD, Denis Marsden | Director | — | 1993-09-30 |
| CHUPIN, Arnaud | Director | 1996-10-10 | 1999-12-31 |
| COLLAS, Philippe Henry Francois | Director | 2007-11-01 | 2008-12-10 |
| COMPTON, Stephen Russell | Director | 2015-03-05 | 2016-05-27 |
| CREGEEN, Robert Christopher | Director | 1995-05-26 | 1996-10-10 |
| CROSSWELL, Charlotte Louise Benham | Director | 2013-05-01 | 2017-01-02 |
| CRUTTENDEN, Martin Anthony | Director | — | 1993-09-01 |
| CULMER, James Heitland | Director | 1995-12-19 | 1996-10-10 |
| DAVID, Kevin Roger | Director | 2007-11-01 | 2008-07-01 |
| DAVIE, Michael Edward | Director | 2013-09-25 | 2014-12-31 |
| DAVIES, John Anthony | Director | 1993-09-01 | 1996-10-10 |
| DAVIES, Simon Howard | Director | 2014-06-26 | 2016-12-31 |
| DAVIES, Vivian John | Director | 1999-06-28 | 2000-07-31 |
| DOWSON, Ashley Tallentire | Director | 1995-11-28 | 1996-10-10 |
| ELIOT, Jonathan Edward Francis | Director | 2014-05-23 | 2017-05-31 |
| EYNON, Richard Mark | Director | 1996-10-10 | 2002-03-28 |
| FANE-HERVEY, Kevin Charles | Director | — | 1996-03-22 |
| FITZMAURICE, Catherine Freda | Director | 1999-06-28 | 2002-10-31 |
| FOX-ANDREWS, Jonathan Mark Piers | Director | 2000-06-26 | 2003-12-22 |
| FOYLE, John Lewis | Director | 1998-08-25 | 2003-12-22 |
| FROST, Thomas Pearson | Director | 1993-09-01 | 1996-10-10 |
| FUNNELL, Eldred Stephen | Director | — | 1996-10-10 |
| FURSE, Clara Hedwig Frances, Dame | Director | 2007-11-01 | 2009-03-11 |
| GIGNOUX, Peter Alan | Director | 1996-10-10 | 1997-08-28 |
| GIROLAMI, Isabelle | Director | 2019-11-01 | 2025-02-24 |
| GUBERT, John Stephen | Director | — | 1996-10-10 |
| GUPTA, Kavi | Director | 2022-11-23 | 2023-11-29 |
| GUYETT, Jane Elizabeth | Director | 2020-06-01 | 2026-05-31 |
| HARDY, David Malcolm | Director | — | 2006-07-05 |
| HARTSINK, Gerardus Bartholomeus Jozephus | Director | 2007-11-01 | 2009-03-11 |
| HEALE, Simon John Newton | Director | 2001-07-02 | 2003-12-22 |
| HELLMANN, Brian Helmut | Director | 2013-05-01 | 2015-03-04 |
| HEMON, Christophe | Director | 2005-04-30 | 2012-09-17 |
| HENRY, James Martin Richard | Director | — | 1993-05-31 |
| HIGGINS, William Gordon | Director | 2002-10-31 | 2003-12-22 |
| HODSON, Daniel Houghton | Director | 1996-10-10 | 1998-08-25 |
| HOENN, Dominique | Director | 2007-11-01 | 2008-12-10 |
| HOOGDUIN, Leonard Hubertus, Dr | Director | 2012-09-01 | 2020-09-09 |
| IRELAND, Jennifer Fiona | Director | 2007-11-01 | 2010-09-28 |
| JENKINS, Michael Nicholas Howard, Sir | Director | — | 2003-12-22 |
| JERMAN, Matthew | Director | 2016-10-05 | 2021-07-09 |
| JONES, John Lynton | Director | 1996-10-10 | 1999-09-24 |
| JUSTHAM, Alexander Stafford | Director | 2013-05-01 | 2015-09-29 |
| KAPUSTIAK, Wendell | Director | 1998-06-19 | 2000-06-26 |
| KEMP, Jerome David | Director | 2008-06-24 | 2010-10-08 |
| KENNY, Peter Nigel, Dr | Director | 1995-08-01 | 1996-10-10 |
| KING, David Elon | Director | 1996-10-10 | 2001-06-29 |
| KRAMER, Colin Cedric | Director | — | 1996-10-10 |
| LAMB, Andrew Mc George, Dr | Director | 2003-12-22 | 2006-02-17 |
| LAMB, John Matthew | Director | — | 1995-05-26 |
| LEVY-GARBOUA, Vivien Joseph | Director | 2008-12-10 | 2013-05-01 |
| LIDDELL, Roger Alexander | Director | 2006-07-19 | 2011-04-04 |
| MACBETH, David William | Director | 1993-04-20 | 1996-01-01 |
| MACKEONIS, John Phillip | Director | 1999-09-24 | 2000-03-21 |
| MAGUIRE, Daniel John | Director | 2017-10-30 | 2024-07-12 |
| MCLACHLAN, David George | Director | 1993-07-31 | 1996-10-10 |
| MCLAUGHLIN, Dennis | Director | 2013-05-01 | 2021-04-09 |
| MILNE, Shona | Director | 2015-04-01 | 2020-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lch Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 568 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-01 | AA | accounts | Accounts with accounts type full | |
| 2026-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-06 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-30 | SH01 | capital | Capital allotment shares | |
| 2025-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-19 | AA | accounts | Accounts with accounts type full | |
| 2025-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-14 | CH01 | officers | Change person director company with change date | |
| 2024-08-29 | AA | accounts | Accounts with accounts type full | |
| 2024-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-03-26 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.