DLM MIDCO I LIMITED
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Cash
£23m
+11.8% highest in 3 filed years
Net assets
£31m
-1.4% lowest in 3 filed years
Employees
1,825
+6.7% highest in 3 filed years
Profit before tax
£581k
+122.7% highest in 3 filed years
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 Industrials 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 | £177,182,000 | £423,702,000 | £465,194,000 | +9.8% | |
| Operating profit | £3,060,000 | £8,431,000 | £8,892,000 | +5.5% | |
| Profit before tax | -£1,246,000 | -£2,564,000 | £581,000 | +122.7% | |
| Net profit | -£2,238,000 | — | -£1,483,000 | — | |
| Cash | £9,418,000 | £20,319,000 | £22,720,000 | +11.8% | |
| Total assets less current liabilities | — | £129,106,000 | £113,511,000 | -12.1% | |
| Net assets | — | £30,948,000 | £30,511,000 | -1.4% | |
| Equity | £34,910,000 | £30,948,000 | £30,511,000 | -1.4% | |
| Average employees | 1,670 | 1,710 | 1,825 | +6.7% | |
| Wages | £22,613,000 | £51,797,000 | £54,809,000 | +5.8% | |
| Directors' remuneration | £123,000 | £265,000 | £279,000 | +5.3% |
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 | 1.7% | 2.0% | 1.9% | |
| Net margin | -1.3% | — | -0.3% | |
| Return on capital employed | — | 6.5% | 7.8% | |
| Gearing (liabilities / total assets) | — | 88.0% | 89.0% | |
| Current ratio | 0.88x | 0.97x | 0.93x | |
| Interest cover | 0.70x | 1.04x | 1.05x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Affinia Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors expect to continue to grow the business, and at the same time, remain aware of the potential challenges. The business has good foundations and the changes that have occurred since the acquisition have further enhanced the business base. While cognisant of the wider market environment and the ongoing volatility that is occurring in different parts of the marketplace, transportation and storage of goods will continue to be required and therefore the Directors believe the Group continues to be well placed to grow.”
Group structure
- DLM MIDCO I LIMITED · parent
- DLM Midco II Ltd 100%
- Delamode Distribution UK Ltd 51%
- Delamode Baltics UAB 100%
- Pallet Express Srl 100%
Significant events
- “As of 31 December 2025, the Group committed to a plan to sell Pallet Express Srl. The disposal is expected to be completed within the next financial year and is part of our strategy to focus on core markets.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALEKNA, Sarunas | Director | 2023-02-23 | Oct 1981 | Lithuanian |
| BLYTH, Stephen William | Director | 2023-02-23 | Apr 1955 | English |
| MYSON, Richard Lee | Director | 2023-07-07 | Apr 1972 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dlm Holdings, Uab | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-23 | Ceased 2024-08-07 |
Filing timeline
Last 15 of 15 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-07-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-18 | AA | accounts | Accounts with accounts type group | |
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | AA | accounts | Accounts with accounts type group | |
| 2025-04-10 | AA | accounts | Accounts with accounts type group | |
| 2025-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-07 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-08-07 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-02-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-14 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-11-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-07-20 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-19 | SH01 | capital | Capital allotment shares | |
| 2023-07-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-23 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.