LKAB MINERALS LIMITED
Operating as a UK subsidiary of the Swedish mining group LKAB, the company manufactures and supplies industrial minerals and materials for the construction, manufacturing, and energy sectors.
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Cash
£16M
+23.1% highest in 3 filed years
Net assets
£60M
+2.4% highest in 3 filed years
Employees
222
-4.3% lowest in 3 filed years
Profit before tax
£13M
-22.2% lowest in 3 filed years
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 | £117,278,859 | £124,633,000 | £121,642,000 | -2.4% | |
| Operating profit | £15,598,752 | £16,313,000 | £12,606,000 | -22.7% | |
| Profit before tax | £15,765,538 | £16,660,000 | £12,968,000 | -22.2% | |
| Net profit | £12,782,123 | £11,935,000 | £9,588,000 | -19.7% | |
| Cash | £9,471,624 | £12,838,000 | £15,803,000 | +23.1% | |
| Total assets less current liabilities | £57,908,796 | £63,014,000 | £63,904,000 | +1.4% | |
| Net assets | £53,769,408 | £58,763,000 | £60,173,000 | +2.4% | |
| Equity | £53,769,408 | £58,763,000 | £60,173,000 | +2.4% | |
| Average employees | 239 | 232 | 222 | -4.3% | |
| Wages | £11,094,329 | £10,807,000 | £11,468,000 | +6.1% | |
| Directors' remuneration | £1,038,832 | £812,000 | £860,000 | +5.9% |
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 | 13.3% | 13.1% | 10.4% | |
| Net margin | 10.9% | 9.6% | 7.9% | |
| Return on capital employed | 26.9% | 25.9% | 19.7% | |
| Gearing (liabilities / total assets) | — | 34.2% | 24.2% | |
| Current ratio | 2.49x | 2.45x | 3.56x | |
| Interest cover | 8.91x | 10.17x | 7.66x |
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
- LKAB MINERALS LIMITED 2019-08-09 → present
- FRANCIS FLOWER (NORTHERN) LIMITED 2004-12-10 → 2019-08-09
- MAJAL LIMITED 1999-07-02 → 2004-12-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In light of these considerations, the Board is confident that the company possesses adequate resources to continue its operations for no less than 12 months from the date of this report. Consequently, the going concern basis of accounting remains appropriate for preparing these financial statements.”
Significant events
- “In 2025, as in previous years, we asked our employees to vote for a Charity of the Year and we subsequently made charitable donations to that charity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HONEYMAN, Matthew Abiodun | Secretary | 2024-12-16 | — | — |
| NEWBOLD, Lisa Jane | Secretary | 2021-08-16 | — | — |
| HANDSCOMB, Stephen Mark | Director | 2023-06-29 | Feb 1966 | British |
| HONEYMAN, Matthew Abiodun | Director | 2024-12-16 | Dec 1979 | British |
| HÖGNELID, David | Director | 2025-07-08 | Oct 1979 | Swedish |
| NEWBOLD, Lisa Jane | Director | 2021-08-16 | Jul 1983 | British |
| WILSON, Darren Anthony | Director | 2018-12-03 | Jun 1969 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASTLEY, Stephen | Secretary | 1999-07-07 | 2007-06-30 |
| LUMBER, Nicholas, Acma | Secretary | 2007-06-30 | 2008-09-12 |
| SYMONDS-WILLMOTT, Jane | Secretary | 2011-06-01 | 2018-12-03 |
| WHEATLEY, Richard Mark | Secretary | 2018-12-03 | 2021-08-16 |
| BRISTOL LEGAL SERVICES LIMITED | Corporate Nominee Secretary | 1999-07-02 | 1999-07-07 |
| ASTLEY, Stephen | Director | 2005-01-01 | 2007-06-30 |
| BALCH, David Thomas | Director | 2015-07-03 | 2019-02-28 |
| ELLIOTT, Rowan John | Director | 2019-03-15 | 2023-06-29 |
| FARRELL, Nigel David | Director | 1999-07-07 | 2005-01-01 |
| FORSBERG, Magnus | Director | 2019-03-15 | 2019-10-03 |
| LUMBER, Nicholas, Acma | Director | 2007-06-30 | 2008-09-12 |
| MANSFIELD, Gary Ronald | Director | 2021-01-08 | 2025-03-31 |
| SMITH, David Peter | Director | 2007-06-30 | 2013-02-28 |
| SYMONDS-WILLMOTT, Jane | Director | 2011-06-01 | 2018-12-03 |
| WHEATLEY, Richard Mark | Director | 2019-03-15 | 2021-08-16 |
| WILLMOTT, Adrian Howard | Director | 1999-07-07 | 2018-12-03 |
| BOURSE NOMINEES LIMITED | Corporate Nominee Director | 1999-07-02 | 1999-07-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lkab Holdings (Uk) Limited | Corporate entity | Shares 75–100% | 2018-12-03 | Active |
| Mr Adrian Howard Willmott | Individual | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-04-06 | Ceased 2018-12-03 |
Filing timeline
Last 20 of 144 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-06 | AA | accounts | Accounts with accounts type full | |
| 2025-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-17 | AA | accounts | Accounts with accounts type full | |
| 2025-07-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-22 | AA | accounts | Accounts with accounts type full | |
| 2024-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-19 | AA | accounts | Accounts with accounts type full | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-29 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-29 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-08 | AA | accounts | Accounts with accounts type full | |
| 2022-07-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-09-24 | AA | accounts | Accounts with accounts type full | |
| 2021-08-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-08-16 | TM01 | officers | Termination director company with name termination 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.