BILLIONS EUROPE LTD
Operating under the LB Group brand, the company is a European subsidiary of Lomon Billions Group Co Ltd that specialises in the manufacture of titanium dioxide pigments.
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Cash
£12M
+34.1% highest in 3 filed years
Net assets
£17M
USD 22,483,027
+212.6% highest in 3 filed years
Employees
25
0% vs 2023
Profit before tax
£20M
-31.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £72,262,691 | £243,806,779 | £250,275,715 | +2.7% | |
| Operating profit | £465,436 | £21,521,882 | £15,363,797 | -28.6% | |
| Profit before tax | £472,325 | £29,611,918 | £20,386,175 | -31.2% | |
| Net profit | £400,609 | £22,794,667 | £15,290,899 | -32.9% | |
| Cash | £4,755,162 | £9,256,728 | £12,417,500 | +34.1% | |
| Total assets less current liabilities | £20,054,565 | £7,192,128 | £22,483,027 | +212.6% | |
| Net assets | £5,339,236 | £5,384,135 | £16,831,133 | +212.6% | |
| Equity | £5,339,236 | £7,192,128 | £22,483,027 | +212.6% | |
| Average employees | 16 | 25 | 25 | 0% | |
| Wages | £1,634,140 | £1,801,274 | £1,817,162 | +0.9% | |
| Directors' remuneration | £296,839 | £284,928 | £161,950 | -43.2% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2019-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | 0.6% | 8.8% | 6.1% | |
| Net margin | 0.6% | 9.3% | 6.1% | |
| Return on capital employed | 2.3% | 299.2% | 68.3% | |
| Current ratio | — | 1.40x | 1.54x | |
| Interest cover | 2.18x | — | — |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“However, based on the factors set out above, the directors believe that the company has adequate financial resources to continue in operational existence for at least twelve months from the date of signing of the financial statements and therefore the directors believe it remains appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “Following review and assessment the EU commission imposed an initial anti-dumping tariff on several non-EU importers in July 2024. Billions Europe Ltd were affected by this increased duty cost, the final level of tariff was subsequently reduced and the company is working with external advisors to attempt to mitigate this further going into 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DONG, Yongai | Director | 2021-04-09 | Jun 1976 | Chinese |
| REID, Julie-Anna Mclanachan | Director | 2021-01-01 | Aug 1973 | British |
| SHEN, Qingfei | Director | 2023-02-16 | May 1981 | Chinese |
| XU, Ran | Director | 2014-11-06 | Jan 1990 | Chinese |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHEN, Yuanzhi | Director | 2022-03-16 | 2023-02-10 |
| LIU, Dong | Director | 2021-04-09 | 2023-02-10 |
| MACLEOD, Fiona Margaret | Director | 2014-11-06 | 2021-04-08 |
| TAN, Ruiqing | Director | 2014-11-06 | 2022-08-30 |
| YAO, Ge | Director | 2021-04-09 | 2023-02-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Miss Ran Xu | Individual | Significant influence | 2025-07-01 | Active |
| Mr Gang Xu | Individual | Significant influence | 2016-04-06 | Ceased 2025-07-01 |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-17 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-08-13 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-03-19 | AA | accounts | Accounts with accounts type full | |
| 2023-12-21 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-11-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-09-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-08-30 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-16 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-24 | CH01 | officers | Change person director company with change date | |
| 2021-11-08 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.