LME CLEAR LIMITED
Operating as an indirect subsidiary of the listed Hong Kong Exchanges and Clearing group, the company acts as the central counterparty and recognised clearing house for the London Metal Exchange.
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Cash
£11B
USD 14,137,540,000
+73.1% highest in 3 filed years
Net assets
£227M
USD 303,469,000
-8.9% vs 2024
Employees
83
+10.7% highest in 3 filed years
Profit before tax
£50M
USD 67,223,000
+14.8% highest in 3 filed years
Net assets
3-year trend · vs Financials 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 | £79,865,998 | £99,046,264 | £107,733,942 | +8.8% | |
| Operating profit | £32,505,615 | £49,215,451 | — | — | |
| Profit before tax | £28,210,810 | £43,823,177 | £50,324,150 | +14.8% | |
| Net profit | £21,456,805 | £32,812,547 | £37,828,268 | +15.3% | |
| Cash | £6,710,780,806 | £6,112,749,663 | £10,583,575,386 | +73.1% | |
| Total assets less current liabilities | £217,433,748 | £249,414,583 | — | — | |
| Net assets | £217,433,748 | £249,414,583 | £227,181,464 | -8.9% | |
| Equity | £217,433,748 | £249,414,583 | £227,181,464 | -8.9% | |
| Average employees | 71 | 75 | 83 | +10.7% | |
| Wages | £18,146,429 | £22,197,934 | £23,899,536 | +7.7% | |
| Directors' remuneration | £1,217,248 | £1,902,231 | £2,119,329 | +11.4% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 40.7% | 49.7% | — | |
| Net margin | 26.9% | 33.1% | 35.1% | |
| Return on capital employed | 14.9% | 19.7% | — | |
| Gearing (liabilities / total assets) | 98.3% | 98.2% | 99.2% | |
| Current ratio | — | 1.02x | 1.01x | |
| Interest cover | 0.08x | 0.13x | — |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company holds capital in excess of regulatory requirements and is forecast to be profitable and cash generating for the foreseeable future. Accordingly, the going concern basis for preparing the financial statements is considered appropriate.”
Significant events
- “On 29 January 2025, the UK Supreme Court refused permission for the claimant Elliott (Elliott Associates L.P. and Elliott International L.P.) to appeal the judgment made by the UK Court of Appeal in October 2024 relating to the judicial review of the events in the nickel market in March 2022. These proceedings have now concluded in the Company and the LME's favour.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HENNESSY, Dominic Richard | Secretary | 2024-10-16 | — | — |
| ALLEN, Nicholas Charles | Director | 2023-04-12 | May 1955 | British |
| CARRUTHERS, Julie Ann | Director | 2022-01-01 | Feb 1970 | British |
| CARTY, Michael | Director | 2023-10-02 | Feb 1974 | Irish |
| CHAPMAN, Penelope Claire | Director | 2024-02-21 | Sep 1967 | British |
| CHOW, Koon Ying | Director | 2026-02-04 | Dec 1971 | British |
| GIL-TIENDA, Rafael | Director | 2023-05-18 | Aug 1952 | Spanish |
| GRAHAM, Hugh Edward | Director | 2023-06-21 | Jul 1961 | British |
| NG, Kit Shuen | Director | 2025-07-21 | Jan 1974 | Singaporean |
| YOUNG, Craig Mark | Director | 2020-11-30 | Sep 1970 | American |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CASTRO, Marcos | Secretary | 2013-02-07 | 2019-04-18 |
| HINE, Thomas Edward John | Secretary | 2021-03-26 | 2022-07-22 |
| MCSWIGGAN, Claire | Secretary | 2022-07-22 | 2024-06-07 |
| ODADA, John-Green | Secretary | 2019-08-01 | 2020-05-01 |
| PEARSON, Kye | Secretary | 2020-05-01 | 2021-03-26 |
| PEARSON, Kye | Secretary | 2019-04-18 | 2019-08-01 |
| JORDAN COMPANY SECRETARIES LIMITED | Corporate Secretary | 2011-04-21 | 2013-02-07 |
| ABBOTT, Martin | Director | 2013-02-07 | 2013-09-30 |
| CHAI, Roland Paul | Director | 2018-07-31 | 2020-01-13 |
| CHAMBERLAIN, Matthew James | Director | 2017-05-08 | 2023-05-18 |
| CHAMBERLAIN, Matthew James | Director | 2013-02-07 | 2013-12-04 |
| CHAN, Yiting Bonnie | Director | 2023-09-27 | 2024-07-04 |
| FARNHAM, Adrian John Winston | Director | 2016-01-01 | 2022-07-06 |
| GREINER, Gerald Dale | Director | 2013-02-07 | 2015-04-23 |
| HARRISON, John Barrie | Director | 2013-12-04 | 2017-04-26 |
| HUMPHERY, Marye Louise | Director | 2013-12-04 | 2021-12-31 |
| INGROUILLE, James Henry Carre | Director | 2013-02-07 | 2013-12-04 |
| JONES, Garry Peter | Director | 2013-09-30 | 2017-01-23 |
| LAMBA, Romnesh | Director | 2018-07-31 | 2021-12-31 |
| LAMBA, Romnesh | Director | 2013-12-04 | 2016-01-01 |
| LE ROUX, Nathaniel Bernard | Director | 2013-12-04 | 2016-04-19 |
| LEUNG, Hugo Pak Hon | Director | 2024-07-05 | 2025-06-27 |
| LEUNG, Richard Chung Kwong | Director | 2020-04-21 | 2023-09-27 |
| PATEL, Ketan B | Director | 2015-04-23 | 2018-05-28 |
| SPANNER, Trevor William | Director | 2013-02-07 | 2018-05-28 |
| STRIMER, Marco Andrea | Director | 2013-12-04 | 2023-12-31 |
| STUART, Antony John | Director | 2016-04-26 | 2023-04-28 |
| THORNHILL, Richard John | Director | 2013-12-04 | 2020-11-30 |
| TOWNSEND, Paul Michael | Director | 2011-04-21 | 2013-02-07 |
| WARREN, David Porter | Director | 2023-07-21 | 2025-12-31 |
| WISE, Richard Alan | Director | 2023-05-18 | 2026-01-09 |
| YIU, Kin Wah Stephen | Director | 2017-06-12 | 2023-04-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hkex Global Commodities Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 129 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-08 | AA | accounts | Accounts with accounts type full | |
| 2026-05-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-01 | CH01 | officers | Change person director company with change date | |
| 2026-02-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-09 | AA | accounts | Accounts with accounts type full | |
| 2025-04-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-17 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-13 | AA | accounts | Accounts with accounts type full | |
| 2024-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-08 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.