LAPSENT LIMITED
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Cash
£4.7m
-31.8% lowest in 3 filed years
Net assets
-£63m
-14.7% lowest in 3 filed years
Employees
387
-0.3% vs 2024
Profit before tax
-£9.1m
-61.5% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-08-15.
-
Material uncertainty over going concern
The Group incurred total comprehensive loss of GBP 8,469 thousand during the year ended 31 December 2025. As at 31 December 2025, the Group had a net current liability position of GBP 154,408 thousand and capital and reserves were negative GBP 62,629 thousand. The Group was not in compliance with the interest cover financial covenant, which resulted in the loan being classified as a current liability. Subsequent to the year end, the Group received a waiver from the lender. Stone Company W.L.L. (the 'Ultimate Parent') undertaking has indicated its intention to provide continuing financial support by way of support letter. The Directors believe...that it is appropriate to prepare the consolidated financial statements on a going concern basis.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
3-year trend · vs Industrials 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 | £64,625,000 | £63,605,000 | £61,238,000 | -3.7% | |
| Operating profit | £8,948,000 | £8,232,000 | £4,487,000 | -45.5% | |
| Profit before tax | -£4,940,000 | -£5,649,000 | -£9,121,000 | -61.5% | |
| Net profit | -£7,445,000 | -£8,492,000 | -£8,469,000 | +0.3% | |
| Cash | £5,856,000 | £6,917,000 | £4,720,000 | -31.8% | |
| Total assets less current liabilities | £218,220,000 | £65,349,000 | — | — | |
| Net assets | -£47,531,000 | -£54,620,000 | -£62,629,000 | -14.7% | |
| Equity | -£47,531,000 | -£54,620,000 | -£62,629,000 | -14.7% | |
| Average employees | 393 | 388 | 387 | -0.3% | |
| Wages | £18,158,000 | £19,926,000 | £20,441,000 | +2.6% | |
| 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 13.8% | 12.9% | 7.3% | |
| Net margin | -11.5% | -13.4% | -13.8% | |
| Return on capital employed | 4.1% | 12.6% | — | |
| Gearing (liabilities / total assets) | 120.4% | 124.2% | 128.7% | |
| Current ratio | 0.75x | 0.09x | 0.05x | |
| Interest cover | 0.64x | 0.55x | 0.33x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Group incurred total comprehensive loss of GBP 8,469 thousand during the year ended 31 December 2025. As at 31 December 2025, the Group had a net current liability position of GBP 154,408 thousand and capital and reserves were negative GBP 62,629 thousand. The Group was not in compliance with the interest cover financial covenant, which resulted in the loan being classified as a current liability. Subsequent to the year end, the Group received a waiver from the lender. Stone Company W.L.L. (the 'Ultimate Parent') undertaking has indicated its intention to provide continuing financial support by way of support letter. The Directors believe...that it is appropriate to prepare the consolidated financial statements on a going concern basis.”
Group structure
- LAPSENT LIMITED · parent
- Inn on the Park (London) Limited 100%
Significant events
- “As at the year end, the financial covenant regarding the interest cover was breached, resulting in the loan to be classified as current. As of the reporting date, the Group has received a waiver from the lender in respect of the covenant breach.”
- “The loan was repaid in full on 20 February 2025.”
- “Subsequent to the reporting date, geopolitical tensions escalated in the Middle East, resulting in disruptions to regional transportation and volatility in global markets, including crude oil, commodities, and equities. These events occurred after 31 December 2025 and do not provide evidence of conditions that existed as at 31 December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 62 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SPRING BOARD LIMITED | Corporate Secretary | 2020-07-13 | — | — |
| AL-MANNI, Nevine Nabil | Director | 2020-07-13 | Dec 1979 | British |
| BAIRD, Robin | Director | 2021-04-12 | Aug 1967 | British |
| PATTERSON, Wendy Jane | Director | 2024-04-01 | May 1969 | British |
| STEBBING, Gavin Frederick Mark | Director | 2024-04-01 | May 1961 | British |
| WINDSOR, Paul Justin | Director | 2024-04-01 | Sep 1957 | British |
Show 62 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABU RUMMAN, Mohammed | Secretary | 2006-12-01 | 2006-12-20 |
| ATKINSON, Howard Warwick | Secretary | — | 2005-07-01 |
| CROSSLEY, Graham | Secretary | 2005-07-02 | 2006-12-01 |
| CRESTBRIDGE UK LIMITED | Corporate Secretary | 2017-08-31 | 2020-07-13 |
| INTERTRUST CORPORATE SERVICES (UK) LIMITED | Corporate Secretary | 2006-12-20 | 2017-08-31 |
| ABU RUMMAN, Mohammed Adnan Salem | Director | 2006-12-01 | 2012-12-31 |
| AHMED, Raja Ali Mohamed, Dr | Director | 2012-12-31 | 2015-10-12 |
| AL GHUL, Saleh | Director | 2002-10-15 | 2006-12-01 |
| AL SAUD, Alwaleed Bin Talal Bin Abdulaziz, Hrh Prince | Director | 1993-12-15 | 2006-12-01 |
| AL YAQOOB, Abdulla Yusuf Abdulla Yusuf | Director | 2012-12-31 | 2015-10-12 |
| AL-HEJAILAN, Mustafa | Director | 1995-12-15 | 2002-10-15 |
| AL-SAIE, Hisham Saleh Ahmed | Director | 2007-09-19 | 2012-12-31 |
| ANSTIS, Raymond | Director | — | 1995-11-14 |
| ASHEER, Salah Saleh | Director | 2006-12-01 | 2007-09-13 |
| ATKINSON, Howard Warwick | Director | 1995-12-15 | 2005-07-01 |
| ATKINSON, Howard Warwick | Director | — | 1994-03-25 |
| BAN, David Song Long | Director | — | 1998-02-23 |
| BLACKALL, Roger Nicholas | Director | 2009-03-05 | 2015-10-12 |
| CAIN, Ian Richard | Director | 2009-08-04 | 2009-11-18 |
| CATHERWOOD SMITH, Richard Graham | Director | 2007-11-06 | 2008-04-08 |
| CHAUDHRY, Mahmood Ahmed | Director | 2007-09-19 | 2009-03-05 |
| CHRISTENSEN, Matthew James | Director | 2017-04-05 | 2017-08-31 |
| CROSSLEY, Graham | Director | 2005-07-02 | 2006-12-01 |
| DINNING, Simon David | Director | 2009-08-04 | 2013-09-16 |
| DREWETT, Simon Derwood Auston | Director | 2020-09-17 | 2023-10-03 |
| EARP, Karen Lesley | Director | 1994-03-25 | 1995-11-16 |
| FAIRRIE, James Patrick Johnston | Director | 2015-04-13 | 2017-08-31 |
| FU, Peter Chong Cheng | Director | — | 1998-02-23 |
| FU, Peter Yung Sian | Director | — | 1998-02-23 |
| GRAPSTEIN, Steven Howard | Director | — | 1998-02-23 |
| HASLAM, Marc John | Director | 2017-09-12 | 2020-07-13 |
| HENG, Bernard Lam Kong | Director | 1995-11-16 | 1998-02-23 |
| HILL, Mary-Ann Ann | Director | 2011-03-08 | 2012-08-30 |
| HUSSAIN, Gulfam | Director | 2012-12-31 | 2015-10-12 |
| KELLAND, Darren Thomas Stephen | Director | 2009-05-15 | 2017-03-30 |
| LAWRENCE, Paul | Director | 2009-05-13 | 2012-09-18 |
| LE CORNU, Philip John | Director | 2013-09-16 | 2017-06-27 |
| LUDWIG, Douglas Leroy | Director | — | 1995-12-15 |
| MOYE, Helen Jennifer | Director | 2006-12-01 | 2011-02-21 |
| MOYE, Stephen Charles | Director | 2006-12-01 | 2012-03-31 |
| NAIDOO, Kamlan | Director | 2008-04-16 | 2009-08-04 |
| NEVITT, Laura Helen | Director | 2012-09-18 | 2017-07-28 |
| NORMAN, Philip | Director | 2009-05-13 | 2016-09-14 |
| OBASI, Bruno Chibuzo | Director | 2023-09-15 | 2024-03-31 |
| OBASI, Bruno Chibuzo | Director | 2020-07-13 | 2022-03-30 |
| ONG, Ben Seng | Director | — | 1998-02-23 |
| PATTERSON, Wendy Jane | Director | 2018-05-02 | 2020-09-17 |
| PATTERSON, Wendy Jane | Director | 2017-08-31 | 2017-09-12 |
| PERRIS, Paul Dennis | Director | 2017-08-31 | 2020-02-25 |
| RASHDAN, Bashar Jamil Barakat | Director | 2012-12-31 | 2015-10-12 |
| RASHDAN, Bashar Jamil Barakat | Director | 2007-09-19 | 2009-03-05 |
| ROTSEY, Carol Ann | Director | 2022-03-30 | 2023-09-15 |
| RUMENS, Ian Noel | Director | 2015-01-16 | 2015-04-13 |
| STAUSS, John | Director | 1994-12-12 | 2006-12-01 |
| TIPU, Rehman | Director | 2007-09-19 | 2012-12-31 |
| TOWNSON, Neil David | Director | 2020-09-17 | 2024-03-31 |
| TOWNSON, Neil David | Director | 2009-05-13 | 2017-08-31 |
| WILLIAMS, Andrew George | Director | 2009-05-13 | 2012-09-18 |
| WILLING, Paul James | Director | 2009-05-13 | 2017-08-31 |
| WINDSOR, Paul Justin | Director | 2017-08-31 | 2022-03-30 |
| WINIFRED, Ponniah Sebastian Sahaya | Director | 2012-12-31 | 2015-04-13 |
| YULDASHEVA, Saida | Director | 2015-04-13 | 2015-10-12 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 331 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | AA | accounts | Accounts with accounts type group | |
| 2025-09-04 | CH01 | officers | Change person director company with change date | |
| 2025-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-25 | AA | accounts | Accounts with accounts type group | |
| 2024-09-03 | CH01 | officers | Change person director company with change date | |
| 2024-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-11 | AA | accounts | Accounts with accounts type group | |
| 2024-05-30 | CH01 | officers | Change person director company with change date | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-03-08 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-10 | AA | accounts | Accounts with accounts type group | |
| 2023-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.