LABWARE LIMITED
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Cash
£30m
+5% highest in 3 filed years
Net assets
£49m
+16% highest in 3 filed years
Employees
196
+6.5% highest in 3 filed years
Profit before tax
£20m
-0.6% lowest in 3 filed years
Net assets
3-year trend · vs Technology 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 | £63,296,014 | £63,610,970 | £69,479,155 | +9.2% | |
| Operating profit | £21,343,602 | £20,196,827 | £20,030,136 | -0.8% | |
| Profit before tax | £21,342,845 | £20,236,905 | £20,110,019 | -0.6% | |
| Net profit | £16,081,790 | £14,465,167 | £14,274,516 | -1.3% | |
| Cash | £25,703,467 | £28,782,121 | £30,231,823 | +5% | |
| Total assets less current liabilities | £37,421,337 | £42,007,240 | £48,723,364 | +16% | |
| Net assets | £37,421,337 | £42,007,240 | £48,723,364 | +16% | |
| Equity | £37,421,337 | £42,007,240 | £48,723,364 | +16% | |
| Average employees | 171 | 184 | 196 | +6.5% | |
| Wages | £11,530,919 | £11,536,871 | £13,176,874 | +14.2% | |
| Directors' remuneration | £438,959 | £447,551 | £361,082 | -19.3% | |
| Highest paid director | £347,082 | £288,943 | £327,532 | +13.4% |
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 | 33.7% | 31.8% | 28.8% | |
| Net margin | 25.4% | 22.7% | 20.5% | |
| Return on capital employed | 57.0% | 48.1% | 41.1% | |
| Gearing (liabilities / total assets) | 32.5% | 34.2% | 32.3% | |
| Current ratio | 3.01x | 2.88x | 3.05x |
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
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- LABWARE LIMITED · parent
- LabWare Solutions SL 100%
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 | Dec 1955 | 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 (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 95 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type group | |
| 2026-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-18 | CH01 | officers | Change person director company with change date | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.