LAKELAND LIMITED
Get an alert when LAKELAND LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£8.3m
+55.4% vs 2024
Net assets
£30m
-24% lowest in 3 filed years
Employees
951
-14% lowest in 3 filed years
Profit before tax
-£11m
+9.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Consumer Discretionary 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 | £152,993,000 | £133,596,000 | £111,897,000 | -16.2% | |
| Operating profit | -£1,821,000 | -£11,287,000 | -£8,334,000 | +26.2% | |
| Profit before tax | -£1,950,000 | -£11,959,000 | -£10,854,000 | +9.2% | |
| Net profit | -£1,833,000 | -£13,003,000 | -£9,158,000 | +29.6% | |
| Cash | £17,193,000 | £5,353,000 | £8,321,000 | +55.4% | |
| Total assets less current liabilities | £56,492,000 | £44,786,000 | £32,754,000 | -26.9% | |
| Net assets | £52,391,000 | £40,126,000 | £30,489,000 | -24% | |
| Equity | £52,391,000 | £40,126,000 | £30,489,000 | -24% | |
| Average employees | 1,225 | 1,106 | 951 | -14% | |
| Wages | £22,923,000 | £22,263,000 | £19,329,000 | -13.2% | |
| Directors' remuneration | £432,000 | £401,000 | £798,000 | +99% | |
| Highest paid director | £133,000 | £123,000 | £260,000 | +111.4% |
Values shown as filed in the company's annual accounts. — 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 | -1.2% | -8.4% | -7.4% | |
| Net margin | -1.2% | -9.7% | -8.2% | |
| Return on capital employed | -3.2% | -25.2% | -25.4% | |
| Gearing (liabilities / total assets) | 37.2% | 26.2% | 53.7% | |
| Current ratio | 1.67x | 1.31x | 0.79x | |
| Interest cover | -7.31x | -15.68x | -3.26x |
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 2 times since incorporation
- LAKELAND LIMITED 1997-07-22 → present
- LAKELAND PLASTICS LTD. 1991-05-24 → 1997-07-22
- LAKELAND PLASTICS (WINDERMERE) LIMITED 1964-06-19 → 1991-05-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board considers the likelihood of its downside sensitivity materialising to be low. The directors therefore have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due over the period of at least 12 months from the date of approving these financial statements.”
Significant events
- “In January 2025 the business undertook a sale and refinance exercise, agreeing RCF (Revolving Credit Facility) covenant waivers with HSBC while this process was conducted. A successful management buyout was completed by the incumbent Operating Board of the business on 17th April 2025, backed by Hilco, who acquired 100% of the share capital of the company from the Rayner family.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JONES, Richard Andrew | Director | 2026-01-30 | Apr 1980 | British |
| PIGGOT, Neil | Director | 2025-04-16 | Sep 1978 | British |
| WILLIAMS, Ian Robert | Director | 2026-02-23 | Mar 1973 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RAYNER, William Martin Moorhouse | Secretary | — | 2025-04-16 |
| HILL, Stephen Mark | Director | 2025-04-16 | 2025-10-24 |
| JOHNSON, Philip Robert | Director | 2013-08-01 | 2025-04-16 |
| KERSHAW, Michelle | Director | 1993-01-01 | 2004-05-28 |
| LONG, Christopher | Director | — | 2005-12-31 |
| NUNN, Catherine Amelia | Director | 2025-04-16 | 2026-02-23 |
| RAYNER, Dorothy Agnes | Director | — | 2005-11-11 |
| RAYNER, Julian Anthony | Director | — | 2025-04-16 |
| RAYNER, Samuel Alan Miles | Director | — | 2025-04-16 |
| RAYNER, William Alan Trevanion | Director | 1964-06-20 | 1998-06-14 |
| RAYNER, William Martin Moorhouse | Director | — | 2025-04-16 |
| RAYNER, William Alan Trevanion | Director | — | 1995-06-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Huk 162 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-04-17 | Active |
| Mr William Martin Moorhouse Rayner | Individual | Shares 25–50% | 2016-04-06 | Ceased 2025-04-17 |
| Mr Samuel Alan Miles Rayner | Individual | Shares 25–50% | 2016-04-06 | Ceased 2025-04-17 |
| Mr Julian Anthony Rayner | Individual | Shares 25–50% | 2016-04-06 | Ceased 2025-04-17 |
Filing timeline
Last 20 of 180 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-08-05 MA Memorandum articles
- 2026-08-05 RESOLUTIONS Resolution
- 2025-04-30 MA Memorandum articles
- 2025-04-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-17 | AA | accounts | Accounts with accounts type full | |
| 2026-08-13 | RP01SH01 | miscellaneous | Legacy | |
| 2026-08-05 | MA | incorporation | Memorandum articles | |
| 2026-08-05 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-28 | SH01 | capital | Capital allotment shares | |
| 2026-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-29 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-12-03 | AA01 | accounts | Change account reference date company current extended | |
| 2025-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-07-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-30 | MA | incorporation | Memorandum articles | |
| 2025-04-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 1
- Officers appointed
- 2
- 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.