LG ELECTRONICS U.K. LTD
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Cash
£283k
-84.9% lowest in 3 filed years
Net assets
£76m
+8.5% highest in 3 filed years
Employees
240
+3% highest in 3 filed years
Profit before tax
£8m
-40.8% lowest in 3 filed years
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 | £561,434,000 | £617,143,000 | £505,327,000 | -18.1% | |
| Operating profit | £8,735,000 | £14,230,000 | £8,188,000 | -42.5% | |
| Profit before tax | £9,813,000 | £13,547,000 | £8,021,000 | -40.8% | |
| Net profit | £7,508,000 | £10,024,000 | £5,924,000 | -40.9% | |
| Cash | £6,112,000 | £1,869,000 | £283,000 | -84.9% | |
| Total assets less current liabilities | £81,120,000 | £88,630,000 | £94,953,000 | +7.1% | |
| Net assets | £59,676,000 | £69,700,000 | £75,624,000 | +8.5% | |
| Equity | £59,676,000 | £69,700,000 | £75,624,000 | +8.5% | |
| Average employees | 226 | 233 | 240 | +3% | |
| Wages | £16,251,000 | £17,836,000 | £19,494,000 | +9.3% | |
| Directors' remuneration | £1,190,000 | £921,000 | £899,000 | -2.4% |
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 | 1.6% | 2.3% | 1.6% | |
| Net margin | 1.3% | 1.6% | 1.2% | |
| Return on capital employed | 10.8% | 16.1% | 8.6% | |
| Gearing (liabilities / total assets) | 79.3% | 75.7% | 76.2% | |
| Current ratio | 1.30x | 1.37x | 1.36x | |
| Interest cover | 5.35x | 6.54x | 3.19x |
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 1 time since incorporation
- LG ELECTRONICS U.K. LTD 1995-03-01 → present
- GOLDSTAR U.K. SALES LIMITED 1987-07-01 → 1995-03-01
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's directors have a reasonable expectation that the Company has adequate resources to continue its operations for the foreseeable future. In assessing whether going concern assumption is appropriate, the directors have taken into account all available information up to 12 months following the approval of these financial statements. The Company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Company should be able to continue to operate within the level of its current arrangements. Thus, these financial statements have been prepared on a going concern basis.”
Significant events
- “During the year, it was assessed that a reclassification of the Estimated Sales Program liability was required. This adjustment resulted in an approximate decrease of £12,413k in both short-term debtors and creditors. In addition, the removed Vehicle Solution (JNT) inventory amounting to £22,675k was reclassified and deducted from trade payables rather than being recorded as an increase in debtors.”
- “There have been no events occurring since the year end date requiring disclosure in these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 41 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEO, Jin | Secretary | 2024-02-07 | — | — |
| CHOI, Hwalsoo | Director | 2024-02-07 | Mar 1973 | South Korean |
| HEO, Jin | Director | 2024-02-07 | Jun 1975 | South Korean |
| KANG, Gilseong | Director | 2024-05-28 | Mar 1971 | South Korean |
Show 41 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAN, Byeongseon | Secretary | 2010-03-31 | 2014-02-14 |
| KIM, Hak Baek | Secretary | 2002-03-01 | 2003-07-18 |
| KIM, Min Kyo | Secretary | 2003-07-18 | 2008-02-20 |
| KIM, Young-Hahn | Secretary | 1995-03-13 | 2001-06-18 |
| LEE, Bae Jin | Secretary | 2021-02-08 | 2024-02-07 |
| LEE, Kwon Hyo | Secretary | 2001-06-18 | 2002-03-01 |
| MIN, Jae Ho | Secretary | 2018-01-12 | 2021-02-08 |
| PARK, Ho Je | Secretary | 1993-04-13 | 1995-03-13 |
| PARK, No Keun | Secretary | — | 1993-04-13 |
| SHIM, Augustine | Secretary | 2008-02-21 | 2010-03-31 |
| WOO, Sangwook | Secretary | 2014-02-14 | 2018-01-12 |
| BAE, Doo Yong | Director | 2010-03-31 | 2013-02-12 |
| BAN, Byeongseon | Director | 2019-01-01 | 2024-05-28 |
| BAN, Byeongseon | Director | 2010-03-31 | 2014-02-14 |
| CHANG, Byoung Nyoung | Director | 2013-02-12 | 2019-01-01 |
| CHO, Ki Song | Director | 1999-04-08 | 2001-07-31 |
| CHO, Kwong Ho | Director | 1998-04-02 | 1999-04-08 |
| JEONG, Hoyoung | Director | 2004-01-16 | 2006-01-02 |
| JUNG, Soon Seop | Director | 2007-02-28 | 2008-02-20 |
| KIM, Hak Baek | Director | 2002-03-01 | 2003-07-18 |
| KIM, Inseog | Director | 2008-02-21 | 2010-03-31 |
| KIM, Kwang Baik | Director | — | 1993-02-01 |
| KIM, Min Kyo | Director | 2003-07-18 | 2008-02-20 |
| KIM, Young-Hahn | Director | 1995-04-24 | 2001-06-18 |
| KONG, O Shik | Director | — | 1998-04-02 |
| KWON, Kiil | Director | 2014-12-01 | 2016-01-31 |
| LEE, Bae Jin | Director | 2021-02-08 | 2024-02-07 |
| LEE, Bum Seop | Director | 2019-01-01 | 2024-02-07 |
| LEE, Janghwa | Director | 2016-01-31 | 2019-01-01 |
| LEE, Kwon Hyo | Director | 2001-06-18 | 2002-03-28 |
| LIM, Hyoung Seok | Director | 2010-12-17 | 2012-07-16 |
| LIM, Jong Hee | Director | 2002-03-28 | 2004-01-16 |
| MIN, Jae Ho | Director | 2018-01-12 | 2021-02-08 |
| NA, Young Bae | Director | 2012-07-16 | 2014-12-01 |
| NA, Young Bae | Director | 2006-01-03 | 2010-12-16 |
| PARK, Hong Jin | Director | 2001-08-10 | 2003-01-29 |
| SHIM, Augustine | Director | 2007-09-03 | 2010-03-31 |
| SHIN, Young Ho | Director | 2003-07-18 | 2008-01-02 |
| WILLMORE, Barry James | Director | 1996-01-01 | 2002-05-31 |
| WOO, Nam Kyun | Director | — | 1995-04-24 |
| WOO, Sangwook | Director | 2014-02-14 | 2018-01-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lg Electronics European Holding B.V. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-15 | Active |
| Lg Electronics | Corporate entity | Significant influence | 2016-04-06 | Ceased 2016-10-15 |
Filing timeline
Last 20 of 205 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2024-10-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-13 | AA | accounts | Accounts with accounts type full | |
| 2024-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-23 | AA | accounts | Accounts with accounts type full | |
| 2022-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-29 | CH01 | officers | Change person director company with change date | |
| 2022-10-01 | AA | accounts | Accounts with accounts type full | |
| 2022-01-07 | AA | accounts | Accounts with accounts type full | |
| 2021-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.