HOULIHAN LOKEY ADVISORY LIMITED
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Cash
—
Latest balance sheet
Net assets
£32m
+11.2% vs 2024
Employees
28
-55.6% vs 2024
Profit before tax
£3.3m
-62% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
In line with FRS 102 (3.8), these financial statements have not been prepared on a going concern basis as the directors have the intention to wind up the Company within a period twelve months from the date of signing of these financial statements. As such the financial statements have been prepared on a break-up basis.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £33,719,000 | £14,869,000 | -55.9% | |
| Operating profit | £7,815,000 | £2,650,000 | -66.1% | |
| Profit before tax | £8,719,000 | £3,316,000 | -62% | |
| Net profit | £9,127,000 | £3,241,000 | -64.5% | |
| Cash | £14,377,000 | — | — | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £28,907,000 | £32,148,000 | +11.2% | |
| Equity | £28,907,000 | £32,148,000 | +11.2% | |
| Average employees | 63 | 28 | -55.6% | |
| Wages | £18,291,000 | £9,060,000 | -50.5% | |
| Directors' remuneration | £1,829,000 | £1,232,000 | -32.6% | |
| Directors' pension contributions | £29,000 | £20,000 | -31% | |
| Highest paid director | £976,000 | £661,000 | -32.3% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 23.2% | 17.8% | |
| Net margin | 27.1% | 21.8% | |
| Gearing (liabilities / total assets) | 31.8% | 0.0% | |
| Current ratio | 3.15x | — | |
| Interest cover | 18.79x | 10.11x |
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 7 times since incorporation
- HOULIHAN LOKEY ADVISORY LIMITED 2024-02-26 → present
- HOULIHAN LOKEY MANCHESTER LIMITED 2024-02-26 → 2024-02-26
- HOULIHAN LOKEY UK LIMITED 2021-12-06 → 2024-02-26
- GCA ALTIUM LIMITED 2016-07-29 → 2021-12-06
- ALTIUM CAPITAL LIMITED 2000-06-09 → 2016-07-29
- APAX PARTNERS & CO. CAPITAL LIMITED 1998-08-12 → 2000-06-09
- APAX PARTNERS & CO. CORPORATE FINANCE LTD 1991-10-14 → 1998-08-12
- MMG PATRICOFF & CO LIMITED 1972-09-19 → 1991-10-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“In line with FRS 102 (3.8), these financial statements have not been prepared on a going concern basis as the directors have the intention to wind up the Company within a period twelve months from the date of signing of these financial statements. As such the financial statements have been prepared on a break-up basis.”
Significant events
- “On 1 October 2024, the Company transferred all business operations to its affiliate, Houlihan Lokey UK Limited. Subsequently, on 22 January 2025, the Company was deauthorised by the Financial Conduct Authority ("FCA").”
- “The directors intend to wind up the Company as part of a rationalisation of the Houlihan Lokey group structure. The strike off is expected to be completed within twelve months following the signing of these financial statements and so they have therefore been prepared on a break-up basis.”
- “All employees were transferred to Houlihan Lokey UK Limited on 1 October 2024 as part of the business transfer.”
- “On 1 October 2024, all property, plant and equipment was transferred to HL UK Limited at book value as part of a group restructuring. The Company no longer holds any tangible fixed assets.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 41 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAMS, Philip Christopher | Director | 2000-09-21 | Mar 1967 | British |
| WATERHOUSE, Thomas | Director | 2025-10-17 | Dec 1983 | British |
Show 41 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COHEN, Michael Mourad | Secretary | — | 1997-09-08 |
| MYERS, Neil David | Secretary | 2021-09-24 | 2023-01-01 |
| OLIVER, Royston Walter | Secretary | 1997-09-08 | 1999-10-22 |
| SHELDON, John Richard | Secretary | 1999-10-22 | 2021-09-24 |
| BOTTOMS, Wilmer | Director | — | 1994-02-28 |
| BROWN, Melvyn Paul | Director | 2007-04-06 | 2011-12-19 |
| CLUBB, Mark Jonathan Gordon | Director | 1998-07-23 | 2008-02-27 |
| COHEN, Ronald Mourad, Sir | Director | — | 1999-10-22 |
| COOPER, Glenn Bevis Olleson | Director | 1996-06-17 | 2004-09-30 |
| CURRIE, Ian William | Director | 1997-08-07 | 2003-10-21 |
| DICKSON, Hamish Richmond | Director | 2009-11-02 | 2011-08-31 |
| FULLER, Samuel Edward Geoffrey | Director | 2015-05-18 | 2025-10-17 |
| GEORGIADIS, Stephen Byron Kendall | Director | — | 2018-01-31 |
| GRIEVES, John Kerr | Director | 1996-09-01 | 1999-10-22 |
| HARRIS, Keith Reginald | Director | — | 1994-08-31 |
| HICKINBOTHAM, Richard | Director | 2005-02-28 | 2005-10-05 |
| HILL, John Rupert Crassweller | Director | 2001-02-01 | 2003-08-31 |
| HOUGH, Michael James | Director | 1994-03-31 | 2008-02-27 |
| HUGHES, Richard Ian | Director | 1999-11-01 | 2003-10-21 |
| JENKINSON, Antonia Scarlett | Director | 2000-09-21 | 2001-09-07 |
| KILSBY, Helen Alexandra Catherine | Director | 2000-09-21 | 2004-02-06 |
| LEVIN, Garry Joseph | Director | 2001-02-01 | 2007-12-31 |
| LORD, Simon Martin | Director | 2010-09-07 | 2020-10-23 |
| MCINTYRE, Charles Alexander | Director | 1999-07-21 | 2002-06-28 |
| MOSS, Alexander Ronald | Director | 1998-07-15 | 2002-05-06 |
| MOULTON, Jonathan Paul | Director | 1996-06-17 | 2001-02-07 |
| MYERS, Neil David | Director | 2012-06-11 | 2023-01-01 |
| NEWBY, Marcus Clive | Director | — | 2018-01-31 |
| NEWELL, Christopher David | Director | — | 2008-02-27 |
| NOTT, John William Frederic, Sir | Director | 1996-06-17 | 1999-10-22 |
| PARKER, Stephen Barry, Dr | Director | 1998-06-01 | 2000-11-14 |
| PATRICOF, Alan | Director | — | 1994-05-16 |
| RASTEGAR, Farzad | Director | 1996-06-17 | 1998-09-28 |
| REED, Adrian James, Doctor | Director | 2021-01-08 | 2025-10-17 |
| ROSENBLOOM, Arthur | Director | — | 1994-02-28 |
| SMALL, Cameron | Director | 2006-03-29 | 2011-10-21 |
| SMEDVIG, Peter Thomas | Director | 1996-06-17 | 2002-10-30 |
| SMITH, Joseph | Director | 2001-02-20 | 2007-05-31 |
| SOLOMON, Harry, Sir | Director | 1998-06-01 | 1999-12-15 |
| STEBBINGS, Christopher Morley | Director | 2003-03-27 | 2007-04-02 |
| TCHENIO, Maurice | Director | — | 1994-05-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Houlihan Lokey (Uk Holdings) Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 248 total filings
Material constitutional events — rename, articles re-file, resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-31 | AA | accounts | Accounts with accounts type full | |
| 2025-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-17 | AA | accounts | Accounts with accounts type full | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-26 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-02-26 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-12-22 | AA | accounts | Accounts with accounts type full | |
| 2023-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-12-22 | AA | accounts | Accounts with accounts type full | |
| 2022-10-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-20 | MA | incorporation | Memorandum articles | |
| 2021-12-20 | RESOLUTIONS | resolution | Resolution | |
| 2021-12-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-12-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-12-06 | CERTNM | change-of-name | Certificate change of name company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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.