LEADING QUALITY ASSURANCE LIMITED
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Cash
£1.1m
-11.4% vs 2024
Net assets
-£3.9m
+22.9% highest in 6 filed years
Employees
68
+13.3% highest in 6 filed years
Profit before tax
£1.2m
-38.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £12,815,417 | £15,379,765 | +20% | |
| Operating profit | — | — | — | — | £1,917,982 | £1,168,751 | -39.1% | |
| Profit before tax | — | — | — | — | £1,907,984 | £1,168,753 | -38.7% | |
| Net profit | — | — | — | — | £1,907,984 | £1,168,753 | -38.7% | |
| Cash | £240,643 | £224,202 | £647,571 | £444,472 | £1,231,505 | £1,090,967 | -11.4% | |
| Total assets less current liabilities | -£5,606,710 | -£7,338,347 | -£7,314,403 | -£6,935,807 | -£5,106,990 | -£3,938,237 | +22.9% | |
| Net assets | -£5,606,710 | -£7,517,514 | -£7,443,570 | -£7,014,974 | -£5,106,990 | -£3,938,237 | +22.9% | |
| Equity | — | — | — | — | -£5,106,990 | -£3,938,237 | +22.9% | |
| Average employees | 47 | 38 | 42 | 57 | 60 | 68 | +13.3% | |
| Wages | — | — | — | — | £1,927,244 | £2,332,683 | +21% | |
| Directors' remuneration | — | — | — | — | £464,940 | £539,920 | +16.1% | |
| Highest paid director | — | — | — | — | £464,940 | £539,920 | +16.1% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 15.0% | 7.6% | |
| Net margin | — | — | — | — | 14.9% | 7.6% | |
| Gearing (liabilities / total assets) | 804.4% | 540.7% | 324.5% | 297.3% | 172.3% | 160.1% | |
| Current ratio | — | — | — | — | 0.58x | 0.59x |
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 1 time since incorporation
- LEADING QUALITY ASSURANCE LIMITED 2001-07-03 → present
- NOVELCLASS LIMITED 2000-12-13 → 2001-07-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Sayers Butterworth LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis despite an excess of liabilities over total assets of £3,938,237 due to the impact of COVID-19 on the company's activity...”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BORNITZ, Michael | Director | 2017-07-11 | Jun 1982 | American |
| HERMISTON-HOOPER, Edward Charles | Director | 2019-09-04 | Feb 1982 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| VITOU, Barry Spencer | Secretary | 2000-12-15 | 2001-06-25 |
| WALSH, Trent | Secretary | 2001-06-25 | 2017-07-11 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2000-12-13 | 2000-12-15 |
| EBELING, Welf Joachim | Director | 2000-12-15 | 2009-01-05 |
| LAZZARO, Andrew Steven | Director | 2017-07-11 | 2019-11-14 |
| MCMANUS, Paul M | Director | 2000-12-15 | 2009-01-05 |
| NEUMAN, Daniel | Director | 2009-01-05 | 2017-07-11 |
| TENG, Theodore | Director | 2009-01-05 | 2017-07-11 |
| WALSH, Trent | Director | 2001-06-25 | 2017-07-11 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2000-12-13 | 2000-12-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lqal Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-07-11 | Active |
| Hotel Representative Ag | Corporate entity | Shares 50–75% | 2016-04-06 | Ceased 2017-07-11 |
| Luxury Quality Consultancy Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2017-07-11 |
Filing timeline
Last 20 of 108 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-26 MA Memorandum articles
- 2025-02-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-17 | AA | accounts | Accounts with accounts type full | |
| 2026-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-06 | AA | accounts | Accounts with accounts type small | |
| 2025-03-26 | MA | incorporation | Memorandum articles | |
| 2025-02-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-18 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-30 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-29 | AA | accounts | Accounts with accounts type small | |
| 2024-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-12 | CH01 | officers | Change person director company with change date | |
| 2023-10-26 | AA | accounts | Accounts with accounts type small | |
| 2023-10-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-17 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-03-16 | AA | accounts | Accounts with accounts type small | |
| 2023-03-07 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-14 | AA | accounts | Accounts with accounts type small | |
| 2022-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.