LABWARE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-03-14
Overdue
Watchouts
Cash
£29M
+12% vs 2023
Net assets
£42M
+12.3% vs 2023
Employees
184
+7.6% vs 2023
Profit before tax
£20M
-5.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-03-14.
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £63,296,014 | £63,610,970 | |
| Operating profit | £21,343,602 | £20,196,827 | |
| Profit before tax | £21,342,845 | £20,236,905 | |
| Net profit | £16,081,790 | £14,465,176 | |
| Cash | £25,703,467 | £28,782,121 | |
| Total assets less current liabilities | £37,421,337 | £42,007,240 | |
| Net assets | £37,421,337 | £42,007,240 | |
| Equity | £37,421,337 | £42,007,240 | |
| Average employees | 171 | 184 | |
| Wages | £11,530,919 | £11,536,871 | |
| Directors' remuneration | £438,959 | £447,551 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+0.5%
£63,296,014 £63,610,970
-
Cash
+12%
£25,703,467 £28,782,121
-
Net assets
+12.3%
£37,421,337 £42,007,240
-
Employees
+7.6%
171 184
-
Operating profit
-5.4%
£21,343,602 £20,196,827
-
Profit before tax
-5.2%
£21,342,845 £20,236,905
-
Wages
+0.1%
£11,530,919 £11,536,871
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 33.7% | 31.8% | |
| Net margin | 25.4% | 22.7% | |
| Return on capital employed | 57.0% | 48.1% | |
| Gearing (liabilities / total assets) | 32.5% | 34.2% | |
| Current ratio | 3.01x | 2.88x | |
| Interest cover | 546.66x | 15940.67x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Beever and Struthers
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the Consolidated Financial Statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the Consolidated Financial Statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the Consolidated Financial Statements are authorised for issue.”
Group structure
- LABWARE LIMITED · parent
- LabWare Solutions SL 100%
Significant events
- “In 2024 LabWare Europe's revenue increased. The percentage was lower than 2023 due to services revenue from our sister company LabWare Global Services (LGS) decreasing by more than £1.5M.”
- “In 2024 the German economy suffered causing a chain reaction all over Europe. Although this has not adversely affected our performance, the result has been the deferral of some projects into 2025.”
- “LabWare continued to invest in developing its infrastructure around Europe. We opened the new office in Malmo (moving from Rydeback) to offer a location with easier access to our team members and customers. We also started the process of relocating to a new office in Madrid that opened in 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PEET III, John Carlisle | Secretary | 2006-08-20 | — | American |
| DE FRANCESCHI, Christian | Director | 2022-02-01 | Jul 1969 | Italian |
| KERSHNER, Vance | Director | 1995-03-15 | Jun 1953 | American |
| LABWARE CFC HOLDING INC. | Corporate Director | 2020-03-01 | — | — |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SCHOFIELD, Paul Jeffrey | Secretary | 1996-02-26 | 2006-08-20 |
| LABWARE LTD | Corporate Secretary | 1995-03-15 | 1996-02-26 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 1995-03-15 | 1995-03-15 |
| GONZALEZ, Mark David | Director | 1996-02-26 | 2025-07-18 |
| HILLHOUSE, Robert William Alexander | Director | 1996-02-26 | 2022-10-31 |
| TOWNSEND, Nicholas John | Director | 2014-05-01 | 2022-12-08 |
| LABWARE HOLDINGS INC | Corporate Director | 1995-03-15 | 2020-03-01 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 1995-03-15 | 1995-03-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Christian De Franceschi | Individual | Significant influence, significant-influence-or-control-as-firm | 2022-02-01 | Active |
| Mr Nicholas John Townsend | Individual | Significant influence | 2016-04-06 | Ceased 2022-01-31 |
| Mr Vance Kershner | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 92 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-18 | AA | accounts | Accounts with accounts type group | |
| 2025-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-20 | AA | accounts | Accounts with accounts type group | |
| 2024-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-11 | AA | accounts | Accounts with accounts type group | |
| 2023-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-23 | AA | accounts | Accounts with accounts type group | |
| 2022-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-14 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-03-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2021-08-28 | AA | accounts | Accounts with accounts type group | |
| 2021-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-21 | AA | accounts | Accounts with accounts type group | |
| 2020-03-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-03-10 | AP02 | officers | Appoint corporate director company with name date | |
| 2020-03-10 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.