LTS REFURBISHMENT LIMITED

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

• Turnover

  -24.8%

  £50,033,956 → £37,635,088

  lowest in 3 filed years

• Cash

  -73.3%

  £4,668,715 → £1,247,595

  lowest in 5 filed years

• Net assets

  +65.6%

  £238,285 → £394,544

• Employees

  -1.2%

  86 → 85

• Operating profit

  +114.6%

  -£1,969,946 → £287,292

  highest in 3 filed years

• Profit before tax

  +114.4%

  -£1,972,652 → £283,688

  highest in 3 filed years

• Wages

  +2%

  £5,035,104 → £5,135,172

  highest in 3 filed years

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company meets its working capital requirements through its cash resources and operating cash flows supported by funding facilities. The financial forecasts prepared and post year end trading performance indicate that the company will maintain sufficient financial headroom to enable it to continue meeting its liabilities as they fall due in the normal course of business for at least the next twelve months following approval of these financial statements. Notwithstanding any further potential ongoing impact on the company's financial performance and position beyond that already anticipated by the forecasts, the company maintains net funds, working capital and confirmed funding facilities which the directors consider are sufficient to fully mitigate the risks which remain due to the current economic environment. The directors have a reasonable expectation that the company has adequate financial and other resources to continue in operational existence for the foreseeable future. Accordingly, they continue to prepare the financial statements on a going concern basis.”

Significant events

• “LTS's order book increased throughout 2024, winning some larger contracts which provides a pipeline of work into 2027. These contracts mainly started in the latter part of 2024. This is reflected in the decrease in turnover in the year from £50.0m in 2023 to £37.6m in 2024. However costs have been managed well in 2024, which is reflected in the increase in gross margin in the year from 6.01% in 2023 to 8.47% in 2024.”
• “The performance of LTS for the 2024 year to the point of signing these financial statements has been good and the current order book indicates that the 2025 financial year should see positive growth in the financial performance of the company.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.