L1R HB HOLDINGS LIMITED
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Cash
£43M
-39.9% vs 2024
Net assets
£510M
-3% vs 2024
Employees
8,779
+1.9% vs 2024
Profit before tax
-£96M
+20.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
6 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-09-30
| Metric | Trend | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Turnover | £884,500,000 | £981,000,000 | |
| Operating profit | -£55,400,000 | -£63,000,000 | |
| Profit before tax | -£120,600,000 | -£96,400,000 | |
| Net profit | -£108,400,000 | -£86,500,000 | |
| Cash | £71,700,000 | £43,100,000 | |
| Total assets less current liabilities | £1,112,100,000 | £1,091,400,000 | |
| Net assets | £525,600,000 | £510,000,000 | |
| Equity | £525,600,000 | £510,000,000 | |
| Average employees | 8,616 | 8,779 | |
| Wages | £214,400,000 | £244,600,000 | |
| Directors' remuneration | £400,000 | £1,700,000 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-09-30 vs 2024-09-30
-
Turnover
+10.9%
£884,500,000 £981,000,000
-
Cash
-39.9%
£71,700,000 £43,100,000
-
Net assets
-3%
£525,600,000 £510,000,000
-
Employees
+1.9%
8,616 8,779
-
Operating profit
-13.7%
-£55,400,000 -£63,000,000
-
Profit before tax
+20.1%
-£120,600,000 -£96,400,000
-
Wages
+14.1%
£214,400,000 £244,600,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Operating margin | -6.3% | -6.4% | |
| Net margin | -12.3% | -8.8% | |
| Return on capital employed | -5.0% | -5.8% | |
| Gearing (liabilities / total assets) | 60.0% | 62.9% | |
| Current ratio | 4.33x | 3.18x | |
| Interest cover | -0.85x | -1.88x |
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
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have assessed going concern over a 12-month period from the date of signing these financial statements. Treasury management is completed at a Group level on behalf of the Company. The Group meets its day-to-day working capital requirements through its operational performance. However, throughout the period to 30 September 2026, the Group is continuing to undertake significant investment to transform the business to achieve the strategy. Forecasts and projections, taking account of reasonable possible changes in trading performance, as well as modelling severe but plausible downside scenarios, which amounted to a 10%-15% reduction in EBITDA, show that the Group can continue as a going concern without further unplanned support from LetterOne Investment Holdings SA. If further downside was experienced, the Group have other levers to activate which provide further comfort over the going concern status, in addition to an undrawn revolving credit facility of £25m obtained post year-end.”
Group structure
- L1R HB HOLDINGS LIMITED · parent
- Holland & Barrett Limited 100%
- Holland & Barrett (South Africa) Pty Limited 100%
- Lifecycle 2018 Limited 100%
- Beyond 100 Limited 100%
- Health & Diet Centres Limited 100%
- Holland & Barrett Holdings Limited 100%
- Holland & Barrett Retail Limited 100%
- Holland & Barrett Group Limited 100%
- Health & Diet Group Limited 100%
- Precision Engineered Limited 100%
- Holland & Barrett (Benelux) Limited 100%
- Blow Limited 100%
- Adia Health Limited 100%
- Avie Al Limited 100%
- Holland & Barrett Limited 100%
- Holland & Barrett (Franchising) Limited 100%
- L1R HB Finance (Netherlands) BV 100%
- Holland & Barrett B.V. 100%
- Holland & Barrett N.V. 100%
- Holland & Barrett US Inc 100%
- Holland & Barrett Asia Limited (Hong Kong) 100%
- Holland & Barrett Trading (Shanghai) Co Ltd (China) 100%
- L1R HB Midco Limited 100%
- L1R HB Midco Sub Limited 100%
- L1R HB Limited 100%
- L1R HB Finance Limited 100%
- Holland & Barrett International Limited 100%
- Holland & Barrett Poolco S.C.Sp. 28%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOURANT SECRETARIES (JERSEY) LIMITED | Corporate Secretary | 2017-11-10 | — | — |
| ATKINSON, Matthew Martin | Director | 2024-05-01 | Dec 1966 | British |
| BAJAJ, Vineta | Director | 2025-10-01 | Aug 1986 | Irish |
| HOUGHTON, John Anthony | Director | 2025-10-01 | Jan 1972 | British |
| KING, Geoffrey | Director | 2022-08-26 | Jul 1965 | British |
| MOUSSEAU, Delphine Catherine Marie | Director | 2021-04-26 | Jun 1971 | French |
| SMITH, Matthew Giles Thomas | Director | 2026-04-15 | Nov 1975 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALDIS, Peter Howard | Director | 2017-11-10 | 2019-03-04 |
| ALLEN, Nicholas Dermott Vance | Director | 2023-04-12 | 2025-09-30 |
| BELL, Robbie Ian | Director | 2020-07-01 | 2023-04-30 |
| BUFFIN, Anthony David | Director | 2019-10-01 | 2020-10-02 |
| CASEY, Michael Joseph | Director | 2021-06-21 | 2024-05-23 |
| CASEY, Michael Joseph | Director | 2017-11-10 | 2020-12-16 |
| DEANFIELD, John Eric, Professor | Director | 2025-03-27 | 2025-12-31 |
| DONNELLY, Roisin Jane Catherine | Director | 2017-12-20 | 2020-12-16 |
| DUCHARME, Stephan Edward | Director | 2017-11-10 | 2022-08-26 |
| FARAFONOV, Vitalij | Director | 2023-03-30 | 2025-12-31 |
| GOURLAY, Alexander Wallace | Director | 2023-01-05 | 2026-03-31 |
| HARPER, Laurent David | Director | 2020-04-16 | 2021-06-21 |
| HUGHES, Roisin Jane Catherine | Director | 2017-12-20 | 2020-12-16 |
| HUMBY, Clive Robert | Director | 2017-11-10 | 2019-06-18 |
| IOZEFSON-SCHNEIDER, Irina | Director | 2022-08-26 | 2025-12-31 |
| IOZEFSON-SCHNEIDER, Irina | Director | 2020-04-23 | 2020-12-16 |
| KEEN, Christian | Director | 2017-11-10 | 2019-10-23 |
| MUIR, Jonathan William | Director | 2019-06-19 | 2020-12-16 |
| RAJAH, Tamara Nayagi Heera | Director | 2020-11-11 | 2021-03-19 |
| SALAKHUTDINOV, Vladimir | Director | 2020-08-10 | 2022-03-07 |
| STRINGER, Richard Joseph | Director | 2023-08-01 | 2025-12-31 |
| TYNKOVAN, Alexander | Director | 2021-11-25 | 2022-03-07 |
| VON SCHIMMELMANN, Wulf-Dieter Friedrich Albrecht Ingo | Director | 2019-06-19 | 2023-04-23 |
| WALDEN, John Carl | Director | 2017-11-10 | 2019-06-11 |
| WILLETT, Steven Barry | Director | 2020-07-01 | 2022-12-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 73 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2026-04-24 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2026-04-14 | OSCH03 | officers | Change person director overseas company with change date | |
| 2026-03-09 | AA | accounts | Accounts with accounts type full | |
| 2026-01-13 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2026-01-13 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2026-01-13 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2026-01-13 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-10-17 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-10-17 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-10-17 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-05-27 | AA | accounts | Accounts with accounts type full | |
| 2025-05-15 | OSCH03 | officers | Change person director overseas company with change date | |
| 2025-04-22 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-07-17 | AA | accounts | Accounts with accounts type full | |
| 2024-07-09 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-06-12 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2023-09-06 | AA | accounts | Accounts with accounts type full | |
| 2023-08-22 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-05-25 | OSAP01 | officers | Appoint person director overseas company with name appointment date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 6
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.