LANG & POTTER MARINE LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +9.6%

  £14,204,209 → £15,563,409

  highest in 4 filed years

• Cash

  +119.8%

  £117,410 → £258,012

• Net assets

  +5.4%

  £1,785,739 → £1,881,580

  highest in 4 filed years

• Employees

  +3.8%

  133 → 138

• Operating profit

  +44.1%

  £870,598 → £1,254,436

  highest in 4 filed years

• Profit before tax

  +45.5%

  £866,809 → £1,261,337

  highest in 4 filed years

• Wages

  +15.3%

  £3,882,603 → £4,477,057

  highest in 4 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

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the company's going concern status, we have prepared forecasts for the 12 months to August 2026 which show that the company will remain profitable. The key assumptions are that sales and costs will remain as expected, flexing for forecasted fluctuations in turnover, inflation and known additional costs or guaranteed cost savings. We have considered the sensitivity of these forecasts and are comfortable that there is reasonable headroom should budgeted sales levels not be achieved. Our forecasts show that we will continue to have a sufficient level of cashflow headroom, and that the company has sufficient working capital to enable growth as required. As a result of this review, the Director believes that the company is a Going Concern for the foreseeable future and, as such, the financial statements have been prepared on this basis.”

Significant events

• “It was announced in Q1 2023 that KPS Capital Partners had taken a controlling stake in our primary customer, Princess Yachts Limited.”
• “2024 witnessed a 10% increase in Lang & Potter Marine's turnover and this, allied to the internal initiatives we have been implementing over recent years, has been a key contributor to increasing the resulting profit to 6%.”
• “The announcement in the Chancellor's Autumn 2024 budget of the 2025 increases in employer's NI, and further increases in minimum wage rates, means we need to manage our capacity as carefully and proactively as possible.”
• “Our flagship Furniture Manufacturing (Modern Upholstery) Apprenticeship scheme was introduced in 2022, and we have taken on increasing numbers of apprentices each year. This has been exceptionally successful: 2024 saw the graduation of our first apprentices, and employment of our third annual intake.”
• “With respect to our environmental responsibilities, in addition to our significant investment into Solar PV in 2023, the company has also invested in LED lighting during 2024. During 2025, we will continue to invest in electric heating and cooling of the workshops, as we gradually replace our gas-powered systems.”
• “regretfully, we will not have the requirement in 2025 for a new cohort of apprentices.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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.