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Cash

£176K

-81.9% lowest in 3 filed years

Net assets

£17M

-7.6% lowest in 3 filed years

Employees

Average over period

Profit before tax

£825K

-68.8% lowest in 3 filed years

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £3,341,000£2,535,000£1,325,000 -47.7%
Operating profit £8,859,000£2,457,000£1,139,000 -53.6%
Profit before tax £3,026,000£2,645,000£825,000 -68.8%
Net profit £3,592,000£1,984,000£617,000 -68.9%
Cash £58,273,000£975,000£176,000 -81.9%
Total assets less current liabilities £55,178,000£25,461,000£16,600,000 -34.8%
Net assets £18,475,000£17,959,000£16,600,000 -7.6%
Equity £18,475,000£17,959,000£16,600,000 -7.6%
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. 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 2023-12-312024-12-312025-12-31
Operating margin 96.9%86.0%
Net margin 107.5%78.3%46.6%
Return on capital employed 16.1%9.7%6.9%
Gearing (liabilities / total assets) 83.4%69.9%35.5%
Current ratio 1.36x1.74x2.82x
Interest cover 1.52x1.55x0.95x

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 2 times since incorporation

  1. LOMBARD LEASE FINANCE LIMITED 2017-01-24 → present
  2. W. & G. LEASE FINANCE LIMITED 1985-01-10 → 2017-01-24
  3. NEATHIRE LIMITED 1984-07-03 → 1985-01-10

Audit & accounting basis

Accounting basis
FRS 101
Reporting scope
Standalone (parent only)
Auditor
Ernst & Young LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties, relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of twelve months from when the financial statements are authorised for issue.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

4 active · 36 resigned

Name Role Appointed Born Nationality
NATWEST GROUP SECRETARIAL SERVICES LIMITED Corporate Secretary 2012-10-31
ELLIS, Ian Andrew Director 2018-03-06 Jun 1969 British
HARRIS, David Gerald Director 2025-07-14 Jun 1969 British
SILVESTER, Gabriella Mary Director 2025-07-25 May 1992 British
Show 36 resigned officers
Name Role Appointed Resigned
CUNNINGHAM, Angela Mary Secretary 2000-07-01 2003-05-31
DOWN, Carolyn Jean Secretary 2005-11-18 2012-10-31
LEA, John Albert Secretary 2000-06-30
THOMAS, Marina Louise Secretary 2003-06-01 2005-11-18
BROWN, Martin Graham Director 1997-01-31
CARR, Thomas Director 2000-06-26
CASTLEDINE, Trevor Vaughan Director 2004-06-18 2007-07-19
CATERER, Sharon Jill Director 2004-03-01 2017-08-31
CLEMETT, Graham Colin Director 2003-06-01 2004-02-29
CLIBBENS, Nigel Timothy John Director 2014-04-01 2015-02-27
CONNER, Lynne Director 2019-11-18 2021-03-05
CROME, Trevor Douglas Director 2014-04-01 2016-06-28
DEVINE, Alan Sinclair Director 2007-07-19 2008-07-31
ELDER, Davies Burns Director 2000-07-01 2001-11-09
FARNELL, Adrian Colin Director 1995-05-03 2008-07-31
FLINT, Eion Arthur Mcmorran Director 2001-07-01 2003-05-31
FREEBOROUGH, Christopher Rupert Director 1995-03-21
GADSBY, Andrew Paul Director 2014-04-01 2015-05-15
HARRIS, David Gerald Director 2017-07-31 2019-11-01
JOHNSON, Alan Piers Director 2015-05-11 2017-07-31
LATTER, William Vaughan Director 1997-05-06 2004-06-07
MAYES, Emma-Marie Director 2019-05-10 2025-05-13
MAYES, Emma-Marie Director 2017-07-31 2018-03-06
MCDAID, Neil Jason Director 2016-12-30 2017-07-31
MCKIRKLE, Lynn Director 2021-03-05 2024-09-30
NOBLE, Amy Louise Director 2024-09-30 2025-07-25
PEARCE, Nigel Director 2001-07-01 2004-03-18
ROGERS, Julian Edwin Director 2009-03-16 2014-04-01
ROULSTON, Steven James Director 2017-09-21 2019-11-18
SHEPHARD, Ian Maxwell Director 2008-08-20 2009-02-10
SLATTERY, Domhnal Director 2004-03-18 2004-07-19
SULLIVAN, Paul Denzil John Director 2008-07-31 2013-12-31
SWEETMAN, Jonathan Michael Director 2001-07-16
TUBB, Philip Anthony Director 2004-05-19 2008-08-15
WARREN, Roy Francis Director 2008-07-31 2014-04-01
WOOD, John Hamer Director 2016-06-28 2017-06-30

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Royal Bank Leasing Limited Corporate entity Shares 75–100%, Voting 75–100% 2016-04-06 Active

Filing timeline

Last 20 of 254 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2023-07-10 MA Memorandum articles
  • 2023-07-10 RESOLUTIONS Resolution
  • 2023-07-03 CC04 Statement of companys objects
Date Type Category Description
2026-06-27 AA accounts Accounts with accounts type full
2025-09-12 AA accounts Accounts with accounts type full
2025-08-26 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-07-28 AP01 officers Appoint person director company with name date PDF
2025-07-28 TM01 officers Termination director company with name termination date PDF
2025-07-14 AP01 officers Appoint person director company with name date PDF
2025-05-13 TM01 officers Termination director company with name termination date PDF
2024-10-11 AA accounts Accounts with accounts type full
2024-10-01 TM01 officers Termination director company with name termination date PDF
2024-10-01 AP01 officers Appoint person director company with name date PDF
2024-08-12 CS01 confirmation-statement Confirmation statement with updates PDF
2023-08-15 AA accounts Accounts with accounts type full
2023-08-11 CS01 confirmation-statement Confirmation statement with updates PDF
2023-07-10 MA incorporation Memorandum articles
2023-07-10 SH08 capital Capital name of class of shares
2023-07-10 SH10 capital Capital variation of rights attached to shares
2023-07-10 RESOLUTIONS resolution Resolution
2023-07-03 CC04 change-of-constitution Statement of companys objects
2022-08-15 CS01 confirmation-statement Confirmation statement with updates PDF
2022-07-07 AA accounts Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
6

last 12 months

Capital events
0

last 24 months

Officers appointed
2

last 12 months

Officers resigned
1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page