L1R HB MIDCO SUB LIMITED
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Cash
—
Latest balance sheet
Net assets
£801M
+9.8% vs 2024
Employees
—
Average over period
Profit before tax
-£2K
+100% vs 2024
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 | — | — | |
| Operating profit | -£620,682,000 | -£2,000 | |
| Profit before tax | -£620,682,000 | -£2,000 | |
| Net profit | -£620,682,000 | -£2,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £729,426,000 | £801,160,000 | |
| Net assets | £729,426,000 | £801,160,000 | |
| Equity | £729,426,000 | £801,160,000 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
—
Not reported
-
Cash
—
Not reported
-
Net assets
+9.8%
£729,426,000 £801,160,000
-
Employees
—
Not reported
-
Operating profit
+100%
-£620,682,000 -£2,000
-
Profit before tax
+100%
-£620,682,000 -£2,000
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 |
|---|---|---|---|
| Return on capital employed | -85.1% | -0.0% |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- 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 an operational Group level, this being Holland & Barrett International Limited, 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. Having assessed the principal risks and taking into account the Group's cash balance at the year end, forecasts produced by management which demonstrate that the Group is forecast to generate profits and free cashflow, the directors considered it appropriate to adopt the going concern basis of accounting in preparing its financial statements. This assessment also supports the Company.”
Group structure
- L1R HB MIDCO SUB LIMITED · parent
- L1R HB Limited 100%
- L1R HB Finance Limited* 100%
- L1R HB Finance (Netherlands) BV 100%
- Holland & Barrett International 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%
- Holland & Barrett Limited 100%
- Beyond 100 Limited 100%
- Lifecycle 2018 Limited 100%
- Blow Limited 100%
- Adia Health Limited 100%
- Avie AI Limited 100%
- Holland & Barrett Limited 100%
- Holland & Barrett (Franchising) Limited 100%
- Holland & Barrett B.V. 100%
- Holland & Barrett N.V. 100%
- Holland & Barrett US Inc 100%
- Holland & Barrett (South Africa) Pty. Limited 100%
- Holland & Barrett Asia Limited (Hong Kong) 100%
- Holland & Barrett Poolco S.C.Sp. 28%
- Holland & Barrett Trading (Shanghai) Co Ltd (China) 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOURANT SECRETARIES (JERSEY) LIMITED | Corporate Secretary | 2017-11-10 | — | — |
| BAJAJ, Vineta | Director | 2025-10-01 | Aug 1986 | Irish |
| SMITH, Matthew Giles Thomas | Director | 2021-01-01 | Nov 1975 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLEN, Nicholas Dermott Vance | Director | 2023-04-30 | 2025-09-30 |
| BELL, Robbie Ian | Director | 2020-07-01 | 2023-04-30 |
| BRADLEY, Adam Dominic | Director | 2017-11-10 | 2018-03-29 |
| BUFFIN, Anthony David | Director | 2019-10-23 | 2020-10-02 |
| GARLEY-EVANS, Lisa Mary | Director | 2017-11-10 | 2020-12-31 |
| GOURLAY, Alexander Wallace | Director | 2023-04-30 | 2026-03-31 |
| KEEN, Christian | Director | 2017-11-10 | 2019-10-23 |
| WATTS, Gregory Alexander | Director | 2019-10-23 | 2020-07-01 |
| WILLETT, Steven Barry | Director | 2021-01-01 | 2021-08-28 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 35 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-24 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2026-03-09 | AA | accounts | Accounts with accounts type full | |
| 2025-10-14 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-10-13 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-05-27 | AA | accounts | Accounts with accounts type full | |
| 2025-01-28 | OSCH03 | officers | Change person director overseas company with change date | |
| 2024-07-17 | AA | accounts | Accounts with accounts type full | |
| 2023-09-06 | AA | accounts | Accounts with accounts type full | |
| 2023-06-12 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2023-05-18 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-05-18 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-06-29 | AA | accounts | Accounts with accounts type full | |
| 2021-09-20 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2021-03-12 | AA | accounts | Accounts with accounts type full | |
| 2021-03-01 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2021-03-01 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2021-03-01 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2020-10-28 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2020-09-21 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2020-08-26 | OSAP01 | officers | Appoint person director overseas company with name appointment date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.