LANTERN DEBT RECOVERY SERVICES LIMITED
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Cash
£3.8M
-26.9% vs 2024
Net assets
£24M
-1.5% first positive since 2023
Employees
203
+29.3% highest in 3 filed years
Profit before tax
£7.4M
+10.8% highest in 3 filed years
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 | £8,681,620 | £31,673,396 | £34,582,823 | +9.2% | |
| Operating profit | -£6,923,240 | £14,280,764 | £14,545,760 | +1.9% | |
| Profit before tax | -£6,923,561 | £6,638,554 | £7,353,525 | +10.8% | |
| Net profit | -£6,812,825 | £5,155,306 | £5,584,413 | +8.3% | |
| Cash | £2,100,615 | £5,185,041 | £3,787,701 | -26.9% | |
| Total assets less current liabilities | -£22,775,244 | £24,596,707 | £24,343,333 | -1% | |
| Net assets | -£22,776,795 | £24,521,209 | £24,155,622 | -1.5% | |
| Equity | -£22,776,795 | £24,521,209 | £24,155,622 | -1.5% | |
| Average employees | 139 | 157 | 203 | +29.3% | |
| Wages | £5,631,467 | £6,445,347 | £7,596,555 | +17.9% | |
| Directors' remuneration | £477,431 | £849,353 | £891,979 | +5% |
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 | -79.7% | 45.1% | 42.1% | |
| Net margin | -78.5% | 16.3% | 16.1% | |
| Return on capital employed | — | 58.1% | 59.8% | |
| Current ratio | 0.30x | 1.36x | 1.29x | |
| Interest cover | — | 1.87x | 2.02x |
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
- LANTERN DEBT RECOVERY SERVICES LIMITED 2018-03-14 → present
- MOTORMILE FINANCE UK LIMITED 2008-07-03 → 2018-03-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on management's assessment of detailed company cash and trading forecasts, the company's directors are satisfied that Company (together with its subsidiary undertaking) has adequate resources to continue operating as a going concern for a period in excess of 12 months. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- LANTERN DEBT RECOVERY SERVICES LIMITED · parent
- Lantern Portfolio Management Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JONES, Andrew Mark | Director | 2019-08-01 | Dec 1968 | British |
| KIRK, Andrew John | Director | 2019-08-01 | Mar 1981 | British |
| MASON, Paul Anthony | Director | 2023-11-01 | May 1970 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RWL REGISTRARS LIMITED | Corporate Secretary | 2008-07-03 | 2008-07-03 |
| BALLMANN, Wilhelm Peter Klaus | Director | 2015-07-20 | 2019-08-01 |
| BULL, Justin Bartholomew Peter | Director | 2019-08-01 | 2025-04-30 |
| CROSSLEY, Denise | Director | 2014-10-01 | 2025-02-07 |
| HOWE, Trevor Bruce | Director | 2015-09-01 | 2019-08-01 |
| HUTTON, Paul Damian | Director | 2012-09-24 | 2015-01-26 |
| JENNISON, Gary Antony | Director | 2018-08-20 | 2020-08-07 |
| PAGE, Barnaby Edward | Director | 2008-07-04 | 2018-11-05 |
| PERKIN, James Tristan | Director | 2013-12-02 | 2015-09-01 |
| PETTY, Neil Anthony | Director | 2008-07-04 | 2018-11-05 |
| RWL DIRECTORS LIMITED | Corporate Director | 2008-07-03 | 2008-07-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lantern Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-08-23 | Active |
| Copper Street One Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-10-09 | Ceased 2021-08-23 |
| Mr Neil Anthony Petty | Individual | Shares 25–50% | 2017-05-18 | Ceased 2017-11-15 |
| Mr Barnaby Edward Page | Individual | Shares 25–50% | 2017-05-18 | Ceased 2017-11-15 |
Filing timeline
Last 20 of 117 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-07 | AA | accounts | Accounts with accounts type full | |
| 2026-05-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-13 | AA | accounts | Accounts with accounts type full | |
| 2025-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2023-05-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-08-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-08-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.