LOTHIAN ELECTRIC MACHINES LIMITED
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Cash
£449K
-4.2% vs 2024
Net assets
£15M
+17.5% highest in 5 filed years
Employees
176
+3.5% vs 2024
Profit before tax
£2.9M
+3,180.6% first positive since 2024
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £52,000,700 | £48,311,296 | £46,963,564 | £42,283,488 | £48,577,686 | +14.9% | |
| Operating profit | £6,874,141 | £1,035,813 | £924,430 | -£164,373 | £2,812,864 | +1,811.3% | |
| Profit before tax | £6,808,141 | £998,697 | £942,430 | -£93,653 | £2,885,040 | +3,180.6% | |
| Net profit | £5,448,960 | £926,091 | £949,723 | -£117,370 | £2,270,470 | +2,034.5% | |
| Cash | £3,858,849 | £677,274 | £167,935 | £468,779 | £448,955 | -4.2% | |
| Total assets less current liabilities | £12,344,705 | £12,772,094 | £13,405,241 | £13,164,581 | £15,370,151 | +16.8% | |
| Net assets | £10,274,705 | £12,410,296 | £12,962,019 | £12,697,649 | £14,919,369 | +17.5% | |
| Equity | £10,274,705 | £12,410,296 | £12,962,019 | £12,697,649 | £14,919,369 | +17.5% | |
| Average employees | 195 | 196 | 178 | 170 | 176 | +3.5% | |
| Wages | £4,444,263 | £4,700,556 | £4,735,987 | £4,908,159 | £5,391,571 | +9.8% | |
| Directors' remuneration | £81,913 | £103,426 | £72,777 | £74,902 | £75,253 | +0.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|
| Operating margin | 13.2% | 2.1% | 2.0% | -0.4% | 5.8% | |
| Net margin | 10.5% | 1.9% | 2.0% | -0.3% | 4.7% | |
| Return on capital employed | 55.7% | 8.1% | 6.9% | -1.2% | 18.3% | |
| Gearing (liabilities / total assets) | — | — | — | 32.0% | 28.1% | |
| Current ratio | — | — | 2.73x | 3.00x | 3.42x | |
| Interest cover | — | — | 51.36x | -3.50x | — |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. Having given careful consideration to the anticipated future performance and financial position of the Company, the director has not identified any material uncertainties which might cast doubt on the going concern assumption.”
Group structure
- LOTHIAN ELECTRIC MACHINES LIMITED · parent
- Lemac Marine Limited 100%
- Lemac Taiwan Incorporated 100%
Significant events
- “The principal activity of the Company in the period under review continued to be the manufacture of stairlift carriages.”
- “Turnover increased from £42.3m to £48.6m in year ended 30 September 2025.”
- “Gross profit and margin increased during the year from £1.6m to £4.9m (3.7% to 10.0%).”
- “Operating margins have also increased from (0.4)% to 5.8%.”
- “Net assets have increased from £12.7m at the start of the year to £14.9m at the year end. This is primarily due to total comprehensive profit for the year of £2.2m.”
- “The key operational challenge facing the business is to ensure that its supply chain has appropriate depth and breadth of capacity whilst at the same time maintaining component quality.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MFMAC SECRETARIES LIMITED | Corporate Secretary | 2021-12-21 | — | — |
| BURGESS, Andrew Roy | Director | 2021-11-08 | Jan 1970 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BELMONT, David Gresford | Secretary | 2009-05-01 | 2016-11-17 |
| HIGGIN, Roy | Secretary | — | 1997-03-31 |
| KENNEDY, Joanne Helen | Secretary | 2001-01-31 | 2009-05-01 |
| LIMMER, Andrew John | Secretary | 2019-06-10 | 2021-12-01 |
| MERCER, Brian William | Secretary | 1997-06-01 | 2001-01-31 |
| MOORE, Graham John | Secretary | 2017-10-17 | 2018-11-12 |
| MERCER ASSOCIATES | Corporate Secretary | 1997-04-01 | 1997-05-31 |
| BLUNSUM, Elizabeth | Director | 2004-06-15 | 2021-09-30 |
| CHAPMAN, John Alexander | Director | — | 1995-01-31 |
| HAMPSHIRE, Andrew | Director | 1997-04-01 | 2001-02-01 |
| HENDERSON, William Shields | Director | — | 2000-01-12 |
| HIGGIN, Roy | Director | — | 1997-03-31 |
| INGHAM, David Arthur | Director | 1997-04-01 | 2000-12-04 |
| KENNEDY, Joanne Helen | Director | 2008-03-10 | 2009-09-15 |
| LIMMER, Andrew John | Director | 2021-09-30 | 2021-12-01 |
| MACLEAN, John Kenneth Lindsay | Director | 1997-04-01 | 1999-09-30 |
| MARTIN, David Stuart | Director | 1999-03-01 | 1999-12-07 |
| MCCALLUM, John | Director | — | 1995-09-29 |
| MERCER, Brian William | Director | 1997-06-01 | 2002-01-25 |
| PARKIN, Anthony | Director | 1997-04-01 | 2001-01-11 |
| POULTON, Derek John | Director | — | 1991-01-14 |
| RITCHIE, Alastair James | Director | 1995-09-29 | 1999-11-30 |
| THOMSON, John | Director | 2002-01-25 | 2006-07-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lothian Electric Machines No2 Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 164 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | AA | accounts | Accounts with accounts type full | |
| 2026-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-18 | AA | accounts | Accounts with accounts type full | |
| 2025-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-14 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-06-29 | AA | accounts | Accounts with accounts type full | |
| 2024-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-30 | AA | accounts | Accounts with accounts type full | |
| 2023-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-01 | AA | accounts | Accounts with accounts type full | |
| 2022-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-21 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-21 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2021-12-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-12-21 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2021-06-24 | AA | accounts | Accounts with accounts type full | |
| 2021-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-02 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.