L & N (SCOTLAND) LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-03-19 (in 10mo)
Last made up 2026-03-05
Watchouts
None on the register
Cash
£2M
+23.7% vs 2024
Net assets
£5M
-15.2% lowest in 4 filed years
Employees
50
+13.6% vs 2024
Profit before tax
£140K
-75.1% lowest in 4 filed years
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £17,964,121 | £11,172,555 | £15,302,677 | £15,711,859 | |
| Operating profit | — | — | £1,533,393 | £558,034 | £566,698 | £130,058 | |
| Profit before tax | — | — | £1,523,094 | £544,846 | £560,839 | £139,607 | |
| Net profit | — | — | £2,045,404 | £718,254 | £399,788 | £87,266 | |
| Cash | — | — | £1,782,878 | £4,349,953 | £1,866,752 | £2,308,892 | |
| Total assets less current liabilities | — | — | £6,742,227 | £6,166,426 | £6,355,311 | £5,308,821 | |
| Net assets | — | — | £6,295,270 | £5,730,106 | £5,992,403 | £5,079,669 | |
| Equity | £4,619,895 | £5,049,866 | £6,295,270 | £5,730,106 | £5,992,403 | £5,079,669 | |
| Average employees | — | — | 57 | 49 | 44 | 50 | |
| Wages | — | — | £5,382,681 | £3,848,872 | £6,108,553 | £6,361,532 | |
| Directors' remuneration | — | — | £2,948,868 | £2,285,123 | £3,324,535 | £3,598,290 |
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 2025-03-31 vs 2024-03-31
-
Turnover
+2.7%
£15,302,677 £15,711,859
-
Cash
+23.7%
£1,866,752 £2,308,892
-
Net assets
-15.2%
£5,992,403 £5,079,669
lowest in 4 filed years
-
Employees
+13.6%
44 50
-
Operating profit
-77%
£566,698 £130,058
lowest in 4 filed years
-
Profit before tax
-75.1%
£560,839 £139,607
lowest in 4 filed years
-
Wages
+4.1%
£6,108,553 £6,361,532
highest in 4 filed years
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 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 8.5% | 5.0% | 3.7% | 0.8% | |
| Net margin | — | — | 11.4% | 6.4% | 2.6% | 0.6% | |
| Return on capital employed | — | — | 22.7% | 9.0% | 8.9% | 2.4% | |
| Current ratio | — | — | — | — | 1.84x | 1.93x | |
| Interest cover | — | — | 102.54x | 35.74x | 36.02x | 26.53x |
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
- CT Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The demand for our products is influenced by both the condition of the oil and gas market, and the oil price. The significant volatility we have seen in recent years is likely to continue with the transition to green energy amid growing worldwide concern about climate change.”
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 |
|---|---|---|---|---|
| LC SECRETARIES LIMITED | Corporate Secretary | 2006-04-03 | — | — |
| CHALMERS, Alastair | Director | 1996-04-01 | Jan 1965 | British |
| FINNIE, Craig Scott | Director | 2010-11-18 | Feb 1976 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LANGFORD, Philip James Deverell, Mr. | Secretary | 1996-05-10 | 1999-08-31 |
| LEDINGHAM CHALMERS | Corporate Nominee Secretary | 1996-03-05 | 1996-05-10 |
| LEDINGHAM CHALMERS LLP | Corporate Secretary | 1999-08-31 | 2006-04-03 |
| MCARTNEY, Michael | Director | 2006-06-01 | 2012-01-30 |
| NEWMARCH, Bernard Richard | Director | 1996-05-10 | 2003-05-13 |
| NEWMARCH, Kay Sharon | Director | 1996-05-10 | 1999-08-31 |
| DURANO LIMITED | Corporate Director | 1996-03-05 | 1996-05-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Craig Scott Finnie | Individual | Shares 25–50%, Voting 25–50% | 2017-08-15 | Active |
| Mr Alastair Chalmers | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 116 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-05 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-05 | CH01 | officers | Change person director company with change date | |
| 2024-10-23 | AA | accounts | Accounts with accounts type full | |
| 2024-03-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-28 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-01-12 | AA | accounts | Accounts with accounts type full | |
| 2023-06-02 | AUD | auditors | Auditors resignation company | |
| 2023-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-20 | AA | accounts | Accounts with accounts type full | |
| 2022-03-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-18 | AA | accounts | Accounts with accounts type full | |
| 2021-03-30 | AA | accounts | Accounts with accounts type full | |
| 2021-03-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-03-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-07-22 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-03-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-03-06 | PSC04 | persons-with-significant-control | Change to a person with significant control |
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.