THE LONDON METAL EXCHANGE
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Cash
£159M
USD 212,477,000
+7% highest in 3 filed years
Net assets
£319M
USD 425,977,000
+5.1% highest in 3 filed years
Employees
362
+1.7% highest in 3 filed years
Profit before tax
£96M
USD 128,611,000
-4.5% vs 2024
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £101,682,887 | £191,594,550 | £219,542,596 | +14.6% | |
| Operating profit | £53,236,263 | £93,366,522 | £88,272,196 | -5.5% | |
| Profit before tax | £57,888,157 | £100,765,833 | £96,280,132 | -4.5% | |
| Net profit | £43,482,557 | £74,415,332 | £70,541,997 | -5.2% | |
| Cash | £103,600,838 | £148,686,181 | £159,063,483 | +7% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £232,787,842 | £303,438,389 | £318,892,798 | +5.1% | |
| Equity | £232,787,842 | £303,438,389 | £318,892,798 | +5.1% | |
| Average employees | 339 | 356 | 362 | +1.7% | |
| Wages | £36,110,196 | £41,628,986 | £45,509,058 | +9.3% | |
| Directors' remuneration | £2,992,214 | £3,313,370 | £3,775,266 | +13.9% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 52.4% | 48.7% | 40.2% | |
| Net margin | 42.8% | 38.8% | 32.1% | |
| Current ratio | 4.64x | 4.45x | 4.21x |
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.
Name history
Renamed 2 times since incorporation
- THE LONDON METAL EXCHANGE 2012-12-13 → present
- THE LONDON METAL EXCHANGE LIMITED 2012-12-13 → 2012-12-13
- LONDON METAL EXCHANGE LIMITED(THE) 1987-05-06 → 2012-12-13
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company holds capital in excess of regulatory requirements and is forecast to be profitable and cash generating for the foreseeable future. Accordingly, the going concern basis for preparing the financial statements is considered appropriate.”
Significant events
- “On 29 January 2025, the Supreme Court refused permission for Elliott to appeal the Appeal outcome to the Supreme Court and ordered Elliott to pay the LME and LME Clear's costs of opposing Elliott's permission application.”
- “The three related Human Rights Act (HRA) claims issued in March 2023, which had been stayed pending the final determination of the judicial review proceedings, have all been withdrawn by the HRA claimants.”
- “The Board approved an interim dividend of $65,000,000 at its meeting on 12 February 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 89 resigned
Showing the first 100 officers on file — Companies House returns these 100 per page and this record sits at that limit, so the list (and any former officers) may be incomplete. Full register on Companies House
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HENNESSY, Dominic Richard | Secretary | 2024-10-04 | — | — |
| ALLEN, Nicholas Charles | Director | 2023-02-07 | May 1955 | British |
| CHAMBERLAIN, Matthew James | Director | 2017-02-21 | Jan 1982 | British |
| CHAN, Yiting Bonnie | Director | 2024-03-21 | Sep 1969 | Chinese |
| DENTOOM, Nigel Kenneth | Director | 2023-07-18 | Aug 1956 | British |
| HIGGINS, Stephen Thomas | Director | 2025-10-17 | Feb 1958 | American |
| HUNNABLE, Harriet Anne Rowell | Director | 2025-02-07 | Jun 1966 | Irish,British |
| LAU, Vanessa Bik Yun | Director | 2024-04-25 | Mar 1972 | British |
| LEUNG, Richard Chung Kwong | Director | 2020-07-24 | Sep 1963 | Australian |
| VAREILLE, Pierre | Director | 2023-02-07 | Sep 1957 | French |
| WILLIAMSON, John Mackay Mcculloch | Director | 2021-09-06 | Feb 1959 | British |
Show 89 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANKS, Neil Douglas | Secretary | — | 1997-10-22 |
| CASTRO, Marcos | Secretary | 2012-12-13 | 2019-04-18 |
| HINE, Thomas Edward John | Secretary | 2021-03-26 | 2022-07-21 |
| MCSWIGGAN, Claire | Secretary | 2022-07-21 | 2024-06-07 |
| NEEDHAM, Philip | Secretary | 1997-10-22 | 2012-12-13 |
| ODADA, John-Green | Secretary | 2019-08-01 | 2020-05-01 |
| PEARSON, Kye | Secretary | 2020-05-01 | 2021-03-26 |
| PEARSON, Kye | Secretary | 2019-04-18 | 2019-08-01 |
| ABBOTT, Martin | Director | 2006-10-02 | 2013-09-30 |
| AGUZIN, Alejandro Nicolas | Director | 2021-06-17 | 2024-02-29 |
| AWAD, Marcelo | Director | 1991-10-01 | 1994-06-08 |
| BAGRI, Raj Kumar, Lord | Director | — | 2002-12-31 |
| BENDER, Brian Geoffrey, Sir | Director | 2010-04-20 | 2019-12-06 |
| BRANTON-SPEAK, Stephen | Director | 2009-03-27 | 2012-12-06 |
| BRODERSEN, Norbert | Director | 2002-02-08 | 2004-05-20 |
| BROWNING, John Leonard | Director | 2002-02-01 | 2004-03-25 |
| BRYDON, Donald Hood | Director | 2003-09-11 | 2010-04-20 |
| CHA, Laura May-Lung | Director | 2018-05-08 | 2024-04-24 |
| CHOW, Chung Kong, Sir | Director | 2012-12-06 | 2018-04-25 |
| CLAYDON, Mary Catherine | Director | 2009-03-27 | 2012-12-06 |
| COHN, Gary David | Director | 1994-06-08 | 1997-06-11 |
| COUPLAND, William James | Director | 2005-04-01 | 2012-12-06 |
| COUPLAND, William James | Director | 1992-01-08 | 1993-05-05 |
| CROFTS, John Philip | Director | 2007-03-22 | 2011-03-20 |
| CROWSON, Phillip Charles Francis | Director | — | 2000-05-31 |
| CULLIFORD, Philip Hubert | Director | 2003-03-03 | 2009-03-27 |
| DANIN, Clement Paul | Director | — | 1992-01-08 |
| DAVIES, Kenneth Christopher | Director | 1993-02-03 | 2000-12-31 |
| DAVIES, Vivian John | Director | 1997-06-11 | 2000-03-30 |
| DENTOOM, Nigel Kenneth | Director | 1996-06-12 | 1998-08-12 |
| FARROW, Christopher John | Director | — | 1999-09-16 |
| FRAENKEL, Martin Ernst | Director | 2023-02-07 | 2025-01-30 |
| FRASER, Peter Lovat, Lord | Director | 1997-10-05 | 2007-01-04 |
| FRAWLEY, Michael | Director | 2006-05-30 | 2009-03-27 |
| FRAWLEY, Michael | Director | 2001-01-01 | 2003-03-03 |
| GAUNT, Keith Hunton | Director | 1998-07-08 | 2000-12-31 |
| GOOCH, Andrew William | Director | 1998-09-30 | 2005-04-01 |
| GRAHAM, David | Director | 2012-12-06 | 2019-12-31 |
| GRILLO, Gabriela Dagmar | Director | 2011-05-20 | 2012-12-06 |
| HARRISON, John Barrie | Director | 2012-12-06 | 2017-04-26 |
| HARWERTH, Elizabeth Noel | Director | 2012-12-06 | 2018-12-06 |
| HEALE, Simon John Newton | Director | 2001-07-02 | 2006-10-02 |
| HOFFMANN, Hans Gerhard | Director | 2004-06-11 | 2011-05-20 |
| HUEY EVANS, Gay | Director | 2019-12-06 | 2023-04-28 |
| HUTCHINSON, Michael John | Director | 2005-04-01 | 2009-09-09 |
| HUTCHINSON, Michael John | Director | — | 1996-06-12 |
| JACKMAN, David | Director | — | 1997-06-11 |
| JONES, Barry | Director | 2004-03-25 | 2006-01-24 |
| JONES, Barry | Director | 1993-06-09 | 2000-12-31 |
| JONES, Garry Peter | Director | 2013-09-30 | 2017-01-23 |
| JONES, Laurence Clifford | Director | 1995-06-14 | 1996-12-10 |
| KESTENBAUM, Ralph | Director | — | 1997-06-11 |
| KING, David Elon | Director | — | 2001-06-30 |
| LAING, Richard George | Director | 2011-06-28 | 2012-12-06 |
| LAMBA, Romnesh | Director | 2018-09-07 | 2021-12-31 |
| LAMBA, Romnesh | Director | 2012-12-06 | 2016-01-01 |
| LAND, James William | Director | 2011-07-19 | 2012-12-06 |
| LANKESTER, Timothy Patrick, Sir | Director | 1997-11-01 | 2002-12-31 |
| LE ROUX, Nathaniel Bernard | Director | 2012-12-06 | 2016-04-18 |
| LI, Charles Xiaojia | Director | 2012-12-06 | 2020-12-31 |
| LININGTON, Miles Julian Gordon | Director | — | 1998-06-23 |
| LOCKWOOD, Michael Bruce | Director | 2009-07-23 | 2012-12-06 |
| MACKINNON, Colin Ian Charles | Director | — | 1993-06-09 |
| MIELE, Arthur Robert | Director | 1997-04-09 | 2007-01-04 |
| NILSEN, Jon Harald | Director | 2004-03-25 | 2008-03-24 |
| NORMARK, Didrik | Director | — | 1997-06-11 |
| OSTGREN, Bo Gosta | Director | 1995-06-14 | 2002-01-17 |
| OVER, Derek George | Director | 2000-07-12 | 2004-03-25 |
| OVERLANDER, Michael | Director | 2004-03-25 | 2012-12-06 |
| OVERLANDER, Michael | Director | 2000-04-20 | 2000-12-31 |
| PIZZEY, George John | Director | 1997-09-16 | 2003-12-31 |
| POULTER, John William | Director | 2002-11-19 | 2005-07-31 |
| PRENTICE, Gavin Hamilton | Director | 2009-03-27 | 2012-12-06 |
| RATCLIFFE, David Eastham | Director | 1998-07-29 | 2000-03-28 |
| REINERT, Richard Arnim | Director | 1997-02-07 | 1999-02-15 |
| RICHARDS, James Case | Director | — | 1997-03-17 |
| ROBSON, Rupert Hugo Wynne | Director | 2009-07-23 | 2009-11-05 |
| SCOTT, Lawrence Jackson | Director | 2000-04-20 | 2000-12-31 |
| SELLARS, Peter Glenn | Director | 1997-06-11 | 2000-03-22 |
| SHUMAN, Paul Harris | Director | — | 1995-06-14 |
| SLADE, Mark Andrew | Director | 1999-03-10 | 2006-05-30 |
| SLATER, Graham Robert | Director | 1993-06-09 | 1998-05-06 |
| SMITH, Brian James | Director | 2009-10-29 | 2011-07-19 |
| SMITH, Keith Sydney | Director | 1993-02-03 | 1995-06-14 |
| SMITH, Keith Sydney | Director | — | 1992-12-31 |
| SOMERVILLE-COTTON, Fabian James Dunbar | Director | 2006-02-24 | 2012-12-06 |
| SPANNER, Trevor William | Director | 2016-01-01 | 2018-05-28 |
| STOCKER, Clive Thomas Anthony | Director | 2002-02-01 | 2005-04-01 |
| STONEHILL, Charles Gerald Thoroton | Director | 2005-09-01 | 2009-07-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lme Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 388 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-09 | AA | accounts | Accounts with accounts type full | |
| 2026-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-17 | CH01 | officers | Change person director company with change date | |
| 2025-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-09 | AA | accounts | Accounts with accounts type full | |
| 2025-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-16 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-07-08 | CH01 | officers | Change person director company with change date | |
| 2024-06-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-14 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-05-13 | AA | accounts | Accounts with accounts type full | |
| 2024-04-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-13 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.