LEAFE INVESTMENTS LTD

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  6 PSCs 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

  +5.7%

  £12,974,987 → £13,711,895

• Cash

  -21.3%

  £4,174,682 → £3,284,224

• Net assets

  +17.3%

  £3,210,715 → £3,766,881

  highest in 5 filed years

• Employees

  +1.5%

  66 → 67

  highest in 5 filed years

• Operating profit

  +89.8%

  £635,370 → £1,206,150

• Profit before tax

  +86.1%

  £665,805 → £1,238,838

• Wages

  -2.2%

  £3,523,402 → £3,444,620

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

Consolidated group

Auditor

Byrd Link Audit and Accountancy Services Limited

Audit opinion

Qualified

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. LEAFE INVESTMENTS LTD · parent
   1. Joseph Giles Ltd 98% · United Kingdom
   2. Joseph Giles Inc 100% · United States of America

Significant events

• “After the year end, a corporate reorganisation took place within the group's shareholding structure. The directors consider this to be a non-adjusting event with no impact on the company's assets, liabilities, or results at 31 December 2024.”
• “On 29 October 2024 the Group disposed of 60 per cent of its shareholding in Envo Solutions Ltd, reducing its interest from full ownership to 40 per cent. As a result, Envo Solutions Ltd ceased to be a subsidiary and has been accounted for as an associate from that date in accordance with FRS 102 Section 14 Investments in Associates.”
• “Subsequent to the year end, in early 2025 the Group completed an internal corporate restructuring designed to simplify its ownership structure and to align the trading companies more closely with their respective shareholder groups. As part of this reorganisation, Joseph Giles Ltd ceased to be a direct subsidiary of Leafe Investments Ltd and became owned directly by its directors and existing shareholders. A new intermediate holding company, Leafe JGJ Investments Company Ltd, was incorporated and inserted above Leafe Investments Ltd, and a separate holding structure was established for the Envo Solutions Ltd business. All transactions were undertaken on a share-for-share basis and there was no change in the ultimate ownership or control of the Group's activities. The restructuring occurred after the balance-sheet date and therefore represents a non-adjusting event as defined in FRS 102 Section 32 - Events after the End of the Reporting Period. Consequently, the consolidated statement of financial position as at 31 December 2024 and the results for the year then ended remain unaffected. The directors consider that the restructure will have no impact on the Group's net assets or overall results in future periods other than to simplify the reporting structure and align shareholdings across the operating entities.”

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

Filings

18

last 12 months

Capital events

4

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.