LINEN MILL STUDIOS LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-15 (in 7mo)
Last made up 2025-12-01
Watchouts
Cash
£691K
Latest balance sheet
Net assets
£7M
Equity attributable
Employees
67
Average over period
Profit before tax
-£7M
highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Given the position on GOT LLC funding noted above, the Directors believe the Company has sufficient liquidity to adopt the going concern basis of accounting but that there is a material uncertainty relating to this issue. The Directors draw attention to note 2.2 in these financial statements that provides more information on these liquidity and solvency risks.
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-10-01 | 2022-09-30 | 2022-10-01 | 2023-09-30 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £1,953,488 | — | £2,728,819 | £4,257,582 | |
| Operating profit | — | -£15,023,885 | — | -£16,769,539 | -£6,126,067 | |
| Profit before tax | — | -£15,552,823 | — | -£17,478,013 | -£7,108,103 | |
| Net profit | — | -£14,010,026 | — | -£17,478,013 | -£7,108,103 | |
| Cash | — | £332,400 | £332,400 | £3,016,776 | £690,728 | |
| Total assets less current liabilities | — | £19,444,875 | — | £10,134,184 | £6,787,289 | |
| Net assets | — | £6,465,476 | — | £8,895,392 | £6,787,289 | |
| Equity | £15,975,502 | £6,465,476 | £6,465,476 | £8,895,392 | £6,787,289 | |
| Average employees | — | 69 | — | 66 | 67 | |
| Wages | — | £1,416,730 | — | £1,386,367 | £2,076,391 | |
| 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-09-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-10-01 | 2022-09-30 | 2022-10-01 | 2023-09-30 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -143.9% | |
| Net margin | — | — | — | — | -167.0% | |
| Return on capital employed | — | -77.3% | — | -165.5% | -90.3% | |
| Gearing (liabilities / total assets) | — | — | — | 62.7% | 65.6% | |
| Current ratio | — | — | — | 0.29x | 0.10x | |
| Interest cover | — | -28.40x | — | -21.65x | -5.91x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- LINEN MILL STUDIOS LTD 2020-01-16 → present
- JOHN HOGG OPERATIONAL LIMITED 2015-06-16 → 2020-01-16
- FOYLE FUELS LIMITED 1993-05-14 → 2015-06-16
- ULSTER CONCRETE SERVICES LIMITED 1971-07-28 → 1993-05-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Sumer Auditco NI Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Given the position on GOT LLC funding noted above, the Directors believe the Company has sufficient liquidity to adopt the going concern basis of accounting but that there is a material uncertainty relating to this issue. The Directors draw attention to note 2.2 in these financial statements that provides more information on these liquidity and solvency risks.”
Significant events
- “While the company incurred a net trading loss for the 15 month period under review of £7.1m it remains solvent and a new £3.5m convertible loan facility has been agreed with the Company's controlling shareholder, £1.5m of which has been drawn down at the date of signing these accounts, with the remaining £2.0m scheduled to be injected in the first quarter of 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STEPHENS, John Calhoun | Director | 2019-11-18 | Nov 1987 | American |
| WEBB, Andrew Brian | Director | 2015-06-16 | May 1975 | British |
| WEBB, Ian Kenneth | Director | 2023-11-16 | Apr 1973 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WILLIAMS, Margaret Elaine | Secretary | 1998-02-12 | 2024-11-30 |
| BROWNE, David William James | Director | 2015-06-16 | 2024-05-10 |
| CAIRNS, Colin William | Director | 1996-12-28 | 2018-09-24 |
| JOHNSTON, Mark | Director | 2017-04-24 | 2023-11-16 |
| REID, Michael Robert Joseph | Director | 2015-06-16 | 2017-01-31 |
| WEBB, Christopher Shane Mitchel | Director | 2015-06-16 | 2023-11-16 |
| WEBB, Ian William Larmor | Director | 1996-12-20 | 2019-08-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr John Calhoun Stephens | Individual | Significant influence | 2023-05-09 | Active |
| Mr Ian William Larmor Webb | Individual | significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2023-05-09 |
| Mr Andrew Brian Webb | Individual | Significant influence | 2016-04-06 | Ceased 2023-05-09 |
| John Hogg & Co Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2023-05-09 |
Filing timeline
Last 20 of 205 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-19 MA Memorandum articles
- 2025-03-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-19 | RP01PSC01 | miscellaneous | Legacy | |
| 2026-02-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-30 | AA | accounts | Accounts with accounts type full | |
| 2025-03-19 | MA | incorporation | Memorandum articles | |
| 2025-03-19 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-19 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-03-19 | SH08 | capital | Capital name of class of shares | |
| 2025-01-03 | SH01 | capital | Capital allotment shares | |
| 2024-12-12 | AA01 | accounts | Change account reference date company current extended | |
| 2024-12-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-12 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-04 | SH01 | capital | Capital allotment shares | |
| 2024-12-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-08-09 | SH01 | capital | Capital allotment shares | |
| 2024-05-30 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 5
- Officers appointed
- 0
- Officers resigned
- 0
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.