DE LA RUE LIMITED
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Cash
£38M
+30.7% vs 2024
Net assets
-£13M
-588.5% vs 2024
Employees
921
-37% lowest in 3 filed years
Profit before tax
-£34M
+5.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
9 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-29
| Metric | Trend | 2023-03-30 | 2024-03-30 | 2025-03-29 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £303,500,000 | £207,300,000 | £217,500,000 | +4.9% | |
| Operating profit | £9,400,000 | -£24,300,000 | -£20,200,000 | +16.9% | |
| Profit before tax | -£2,000,000 | -£36,000,000 | -£33,900,000 | +5.8% | |
| Net profit | -£5,700,000 | — | — | — | |
| Cash | — | £29,300,000 | £38,300,000 | +30.7% | |
| Total assets less current liabilities | — | £248,700,000 | £225,500,000 | -9.3% | |
| Net assets | — | £2,600,000 | -£12,700,000 | -588.5% | |
| Equity | — | £2,600,000 | -£12,700,000 | -588.5% | |
| Average employees | 1,561 | 1,462 | 921 | -37% | |
| Wages | £77,500,000 | £77,400,000 | £77,500,000 | +0.1% | |
| Directors' remuneration | — | £1,177,000 | £1,469,000 | +24.8% |
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 | 2023-03-30 | 2024-03-30 | 2025-03-29 |
|---|---|---|---|---|
| Operating margin | 3.1% | -11.7% | -9.3% | |
| Net margin | -1.9% | — | — | |
| Return on capital employed | — | -9.8% | -9.0% | |
| Gearing (liabilities / total assets) | — | 99.3% | 103.7% | |
| Current ratio | — | 1.10x | 0.92x | |
| Interest cover | 1.02x | -1.99x | -1.41x |
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 3 times since incorporation — the current trading name was adopted 2025-07-07
- DE LA RUE LIMITED 2025-07-07 → present
- DE LA RUE PLC 2000-02-01 → 2025-07-07
- NEW DE LA RUE PLC 1999-11-25 → 2000-02-01
- PRECIS (1809) LIMITED 1999-08-31 → 1999-11-25
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board has determined that the going concern basis has been adopted and that there are no material uncertainties related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.”
Group structure
- DE LA RUE LIMITED · parent
- De La Rue International Limited 100%
- De La Rue Malta Limited 100%
- De La Rue Lanka Currency and Security Print (Pvt) Limited 60%
- De La Rue India Private Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 51 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AUMANN, Michael James | Director | 2025-07-07 | Sep 1978 | Australian |
| EULING, Ruth Corrina | Director | 2021-04-01 | Nov 1964 | British |
| VACHER, Clive Graham | Director | 2019-10-07 | Mar 1970 | British |
Show 51 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BELLHOUSE, Robin Christian | Secretary | 2022-07-29 | 2023-04-11 |
| DRISCOLL, Caroline Mary | Secretary | 2001-01-08 | 2004-08-04 |
| FLUKER, Christine Louise | Secretary | 1999-11-24 | 2009-03-31 |
| HERMANS, Jean-Francois | Secretary | 2000-02-16 | 2019-12-19 |
| HYDE, Jane Celia | Secretary | 2020-01-22 | 2022-07-29 |
| LOGAN, Christine Anne Marie | Secretary | 2000-02-16 | 2000-09-28 |
| MESSENT, Jon | Secretary | 2023-04-11 | 2025-07-07 |
| PEPPIATT, Edward Hugh Davidson | Secretary | 2009-04-01 | 2020-01-22 |
| OFFICE ORGANIZATION & SERVICES LIMITED | Corporate Secretary | 1999-08-31 | 1999-11-24 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1999-08-31 | 1999-10-20 |
| ASHTON, Catherine Margaret, Baroness Ashton Of Upholland | Director | 2020-09-22 | 2023-06-12 |
| BACON, Peter Alexander | Director | 2025-07-02 | 2026-01-28 |
| BIRKENHEAD, Stanley Brian | Director | 1999-11-24 | 2000-07-19 |
| BRAY, Nicholas Paul Seaton | Director | 2016-07-21 | 2025-07-02 |
| BROOKES, Nicholas Kelvin | Director | 1999-11-24 | 2012-07-26 |
| CHALLAH, Sabri, Dr | Director | 2015-07-23 | 2020-08-06 |
| CHILD, Colin Charles | Director | 2010-06-01 | 2015-07-23 |
| COBBOLD, Timothy Russell | Director | 2011-01-01 | 2014-03-29 |
| DA CUNHA DA SILVA, Maria Juana | Director | 2015-07-23 | 2022-07-27 |
| EAST, David Warren Arthur | Director | 2007-01-09 | 2015-07-23 |
| GOUGH, Charles Brandon, Sir | Director | 1999-11-24 | 2004-07-22 |
| GREENSTOCK, Jeremy Quentin, Sir | Director | 2005-03-01 | 2013-07-25 |
| HARDING, David Robert | Director | 2020-10-01 | 2023-07-28 |
| HOAD, Mark | Director | 2022-09-28 | 2025-07-02 |
| HODGKINSON, Keith Harry | Director | 2000-04-19 | 2009-12-31 |
| HOLLINGWORTH, Paul Robert | Director | 1999-11-24 | 2002-06-30 |
| HORN-SMITH, Julian Michael, Sir | Director | 2009-09-01 | 2012-12-31 |
| HUSSEY, James Arthur | Director | 2009-01-01 | 2010-08-12 |
| JARMAN, Victoria Clare | Director | 2010-04-22 | 2016-07-21 |
| JEFFRIES, Michael Makepeace Eugene | Director | 2000-04-19 | 2007-07-26 |
| KING, Stephen Anthony, Mr | Director | 2003-01-31 | 2009-03-31 |
| LOOSEMORE, Kevin | Director | 2019-09-02 | 2023-05-01 |
| MERRIAM, Daniel | Director | 2025-07-02 | 2026-01-28 |
| MIDDLETON, Rupert John | Director | 2015-07-23 | 2017-07-20 |
| MOORE, Dean Roderick | Director | 2023-06-26 | 2025-07-02 |
| MUCH, Ian Fraser Robert | Director | 1999-11-24 | 2004-05-31 |
| NOLAN, Philip Michael Gerard, Dr. | Director | 2001-09-01 | 2009-07-23 |
| QUINN, Leo Martin | Director | 2004-03-29 | 2008-12-31 |
| RICE-JONES, Margaret Frances | Director | 2020-09-22 | 2023-09-07 |
| RIDER, Gillian Ann, Dr | Director | 2006-06-22 | 2015-07-23 |
| ROGERSON, Philip Graham | Director | 2012-03-01 | 2019-10-01 |
| SCHUCH, Philip Earl | Director | 2025-07-02 | 2026-01-28 |
| SMALL, Brian Michael | Director | 2023-09-08 | 2025-07-02 |
| SODHA, Jitesh Himatlal | Director | 2015-08-10 | 2018-03-19 |
| STEVENS, Andrew John | Director | 2013-01-02 | 2019-10-07 |
| SUTHERLAND, Martin Conrad | Director | 2014-10-13 | 2019-10-07 |
| WEBB, Simon Charles | Director | 2009-04-01 | 2010-05-31 |
| WHILEY, Clive Peter | Director | 2023-05-18 | 2025-07-02 |
| WILLIS, Helen Margaret | Director | 2018-07-26 | 2020-01-24 |
| WRIGHT, Patrick Richard Henry, Lord Wright Of Richmond | Director | 1999-11-24 | 2000-07-19 |
| PEREGRINE SECRETARIAL SERVICES LIMITED | Corporate Director | 1999-08-31 | 1999-11-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dlr Debtco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-03-06 | Active |
| Acr Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-07-02 | Ceased 2026-03-06 |
Filing timeline
Last 20 of 924 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-15 MA Memorandum articles
- 2025-07-15 RESOLUTIONS Resolution
- 2025-07-07 CERT10 Certificate re registration public limited company to private
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | AAMD | accounts | Accounts amended with accounts type group | |
| 2026-03-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-20 | AA | accounts | Accounts with accounts type group | |
| 2025-07-15 | MA | incorporation | Memorandum articles | |
| 2025-07-15 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-10 | OC | miscellaneous | Court order | |
| 2025-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-08 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-08 | SH01 | capital | Capital allotment shares | |
| 2025-07-07 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2025-07-07 | MAR | incorporation | Re registration memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 9
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.