LANTUM LTD

• ⚠

  Material uncertainty over going concern

  As at 31 December 2024 the group had net liabilities of £4,394,851 and made after tax losses of £5,970,528. Directors implemented restructuring and reduced cost base. Additional convertible loan notes of £250,000 received in Feb 2025. Group has adequate resources to continue for 12 months. Dispute over deferred consideration payment (£875,000) exists, not included in forecasts, hopeful of resolution. Directors adopt going concern basis.

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

  +0.4%

  £6,054,124 → £6,079,793

• Cash

  -68.9%

  £1,795,632 → £558,443

• Net assets

  -380.1%

  £1,568,829 → -£4,394,851

  lowest in 5 filed years

• Employees

  -12.2%

  90 → 79

• Operating profit

  -9.9%

  -£4,093,492 → -£4,498,888

• Profit before tax

  -31.8%

  -£4,740,840 → -£6,246,717

• Wages

  -8.9%

  £5,918,840 → £5,392,446

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.

1. LANTUM LTD 2017-07-04 → present
2. NETWORK LOCUM LTD 2011-02-15 → 2017-07-04

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Kingswood LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As at 31 December 2024 the group had net liabilities of £4,394,851 and made after tax losses of £5,970,528. Directors implemented restructuring and reduced cost base. Additional convertible loan notes of £250,000 received in Feb 2025. Group has adequate resources to continue for 12 months. Dispute over deferred consideration payment (£875,000) exists, not included in forecasts, hopeful of resolution. Directors adopt going concern basis.”

Group structure

1. LANTUM LTD · parent
   1. Innovative Medic Ltd 100% · England
   2. Locum Organiser Limited 100% · England
   3. Locum Organiser UK Limited 100% · England
   4. CPAK Rota Ltd 100% · England

Significant events

• “In the second half of 2024, the group implemented a restructuring that significantly reduced its ongoing cost base and monthly cash burn.”
• “During February 2025, the group received £250,000 in the form of new convertible loan notes from existing shareholders.”
• “Separately, the group is currently in dispute regarding a deferred consideration payment for a corporate transaction that was undertaken in 2023.”

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

Filings

17

last 12 months

Capital events

10

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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