LE COL HOLDINGS LIMITED

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Latest accounts filed cover 2024-12-30; financial figures currently reflect up to 2024-12-29.

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

  -4.8%

  £12,492,398 → £11,889,712

• Cash

  +92.2%

  £728,433 → £1,400,061

• Net assets

  -1,463.9%

  -£78,191 → -£1,222,831

  lowest in 4 filed years

• Employees

  -10.4%

  48 → 43

• Operating profit

  -27.8%

  -£2,449,247 → -£3,130,053

• Profit before tax

  -23.6%

  -£2,704,738 → -£3,342,354

• Wages

  -14.4%

  £2,571,963 → £2,201,676

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

Heads up: a more recent set of accounts has been filed but isn't yet reflected here — the figures above are older than the company's latest filing.

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. LE COL HOLDINGS LIMITED 2016-03-17 → present
2. MII USC LIMITED 2013-06-25 → 2016-03-17

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

S&W Partners Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“However, there are concerns regarding sensitivities performed on these forecasts. Should certain adverse conditions materialise, the Group may require additional funding beyond the current existing working capital. Management currently expects that additional funding will not be required, and on that basis, no additional facilities have been secured. The directors have concluded that the combination of these circumstances represents a material uncertainty that may cast significant doubt upon the Group and parent company's ability to continue as a going concern and that, therefore, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business. After considering the forecasts, sensitivities and mitigating actions, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.”

Group structure

1. LE COL HOLDINGS LIMITED · parent
   1. Le Col Limited 100% · UK

Significant events

• “2024 continued to be a challenging year for the cycling industry, following the COVID boom in cycling. Le Col finalised the restructuring review of the Group that initially started in late 2022.”
• “The key restructuring action for the company in 2024 was the rationalization of the overhead and headcount at the UK head office. This restructuring was finalised by October 2024 and has allowed the business to improve its working capital, mitigate its operating losses, achieve a more flexible and responsive supply chain, and provide a clear pathway to profitability in the coming years.”
• “The closure of the Group's Italian manufacturing facility was finalised in 2024, with Le Col Holdings Limited losing control of Le Col Italy SRL in December 2024 when the subsidiary entered into administration. As a result of this, Le Col Italy SRL was disposed of from the Group at the period end.”
• “The Group issued £4,000,000 of convertible loan notes ('CLN') in exchange for cash. The CLN accrue interest at a rate of 10% per annum and mature in five years from the date of issuance. The CLN proceeds were received in two tranches: £550,000 on 18 July 2024 and £3,450,000 on 27 September 2024.”

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

Filings

20

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

6

last 12 months

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