LOWECONEX GROUP LIMITED
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Cash
£19K
-66.7% vs 2024
Net assets
-£8.4M
-18.2% lowest in 4 filed years
Employees
48
+6.7% highest in 4 filed years
Profit before tax
-£1.2M
+25.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
4-year trend · vs Technology median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-08-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £5,622,106 | £5,884,838 | +4.7% | |
| Operating profit | — | — | -£1,254,680 | -£780,350 | +37.8% | |
| Profit before tax | — | — | -£1,583,231 | -£1,185,041 | +25.2% | |
| Net profit | — | — | -£1,586,314 | -£1,286,814 | +18.9% | |
| Cash | £3,753 | £10,821 | £57,610 | £19,193 | -66.7% | |
| Total assets less current liabilities | -£420,951 | -£618,003 | -£7,012,017 | -£8,218,957 | -17.2% | |
| Net assets | — | — | -£7,079,344 | -£8,366,158 | -18.2% | |
| Equity | -£420,951 | -£618,003 | -£7,079,344 | -£8,366,158 | -18.2% | |
| Average employees | 2 | 2 | 45 | 48 | +6.7% | |
| Wages | — | — | £2,365,834 | £2,713,849 | +14.7% | |
| Directors' remuneration | — | — | £234,865 | £218,437 | -7% |
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 | 2021-08-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -22.3% | -13.3% | |
| Net margin | — | — | -28.2% | -21.9% | |
| Current ratio | — | — | 0.22x | 0.16x | |
| Interest cover | — | — | -3.82x | -1.93x |
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
- LOWECONEX GROUP LIMITED 2022-08-17 → present
- SPHERICA SYSTEMS LIMITED 2017-09-05 → 2022-08-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual financial statements.”
Significant events
- “Change in controlling party on 28 January 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOWDS, Colin Nigel | Director | 2024-04-01 | Oct 1985 | British |
| LOWRY, Ian | Director | 2021-09-17 | Sep 1986 | British |
| MCCAUSLAND, Rachel | Director | 2022-03-28 | Apr 1985 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DODMAN, Chris John | Director | 2017-09-05 | 2024-08-10 |
| GAMBLE, Neil William | Director | 2022-03-28 | 2024-03-31 |
| LAVERY, Paul | Director | 2021-09-17 | 2022-03-28 |
| LOWRY, Rodney | Director | 2021-09-17 | 2026-01-28 |
| MCILDUFF, Fergus | Director | 2022-03-28 | 2024-05-03 |
| SKELTON, Andrew John | Director | 2017-09-05 | 2023-09-28 |
| TURNER-SMITH, Garry | Director | 2017-09-05 | 2022-03-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lowe P27 Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-09-17 | Active |
| Mr Garry Turner-Smith | Individual | Shares 25–50% | 2017-09-06 | Ceased 2021-09-17 |
| Mr Chris John Dodman | Individual | Shares 25–50% | 2017-09-06 | Ceased 2021-09-17 |
| Secure Services Limited | Corporate entity | Shares 25–50% | 2017-09-06 | Ceased 2021-09-17 |
Filing timeline
Last 20 of 64 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-07 | AA | accounts | Accounts with accounts type full | |
| 2026-03-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-03 | AA | accounts | Accounts with accounts type audited abridged | |
| 2025-06-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-13 | AA | accounts | Accounts with accounts type audited abridged | |
| 2024-05-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.