LONDON CLUBS GLASGOW LIMITED
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Cash
£553K
+4.5% vs 2023
Net assets
-£51M
-5.2% vs 2023
Employees
86
+1.2% vs 2023
Profit before tax
-£2.6M
-39.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £6,787,000 | £6,838,000 | +0.8% | |
| Operating profit | £1,070,000 | £801,000 | -25.1% | |
| Profit before tax | -£1,829,000 | -£2,559,000 | -39.9% | |
| Net profit | -£1,829,000 | -£2,559,000 | -39.9% | |
| Cash | £529,000 | £553,000 | +4.5% | |
| Total assets less current liabilities | -£41,699,000 | -£46,242,000 | -10.9% | |
| Net assets | -£48,913,000 | -£51,472,000 | -5.2% | |
| Equity | — | — | — | |
| Average employees | 85 | 86 | +1.2% | |
| Wages | £2,342,000 | £2,368,000 | +1.1% | |
| Directors' remuneration | — | — | — |
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 |
|---|---|---|---|
| Operating margin | 15.8% | 11.7% | |
| Net margin | -26.9% | -37.4% | |
| Gearing (liabilities / total assets) | 1148.5% | 1193.3% | |
| Current ratio | 0.03x | 0.02x | |
| Interest cover | 0.37x | 0.24x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The director recognises that both the Group and the Company are dependent on continuing support from a parent undertaking, SP UK Gaming LP, to continue as a going concern. An undertaking has been provided by SP UK Gaming LP to Metropolitan Gaming Limited (MGL) confirming that the existing loan note facility will be extended until at least 1 January 2027 (if requested by MGL) and not be called for at least 12 months from the date of approval of these financial statements. The Group's directors, having considered a range of scenarios in reviewing cash flow forecasts for the year ahead, believe this facility will be sufficient for the Group to manage through any downside scenarios and short-term working capital requirement. MGL has confirmed its support to London Clubs International Limited (LCI) and LCI has, in turn, confirmed its continuing support to the Company whilst under its ownership. The director has a reasonable expectation that this support will be forthcoming based on the forecasts and is, therefore, confident that the Company will continue trading as a going concern without any significant curtailment of operations for at least 12 months from the date of approval of these financial statements.”
Significant events
- “There were no events between 31 December 2024 and the date of signing these financial statements requiring disclosure in the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OSWALD, Alexis George | Director | 2014-10-27 | Mar 1981 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COHEN, Michael Daniel | Secretary | 2007-05-17 | 2014-04-04 |
| GORMAN, Jeremy Philip | Secretary | 2003-11-18 | 2007-05-16 |
| KAUSHAL, Krishan | Secretary | 2017-11-01 | 2022-06-23 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 2003-11-18 | 2003-11-18 |
| ATWOOD, Charles Lafayette | Director | 2007-04-02 | 2008-12-19 |
| BRUNS II, John Frederic | Director | 2007-12-31 | 2008-01-28 |
| CRABTREE, Martin Nicholas | Director | 2006-06-06 | 2007-09-30 |
| HARDY, George Barry Conyers | Director | 2003-11-18 | 2007-03-30 |
| HAYWARD, Patrick Henry | Director | 2003-11-18 | 2006-05-10 |
| JENKIN, Thomas Michael | Director | 2019-02-08 | 2020-07-15 |
| LILLIS, Linda Mary | Director | 2003-11-18 | 2006-04-06 |
| LOVEMAN, Gary William | Director | 2007-04-02 | 2015-07-01 |
| RAMM, Roy Alfred Charles | Director | 2006-05-10 | 2015-05-01 |
| ROTHWELL, Michael | Director | 2007-04-02 | 2019-03-21 |
| SILBERLING, Michael John | Director | 2008-04-14 | 2014-10-28 |
| TIMMINS, William | Director | 2007-04-02 | 2007-10-01 |
| TUTHILL, Gerald Reed | Director | 2019-04-10 | 2019-12-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| London Clubs Management Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 97 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-16 | AA | accounts | Accounts with accounts type full | |
| 2025-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-27 | AA | accounts | Accounts with accounts type full | |
| 2024-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-17 | AA | accounts | Accounts with accounts type full | |
| 2023-03-09 | AA | accounts | Accounts with accounts type full | |
| 2023-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-06 | AA | accounts | Accounts with accounts type full | |
| 2021-07-15 | CH01 | officers | Change person director company with change date | |
| 2021-03-18 | AA | accounts | Accounts with accounts type full | |
| 2021-02-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2020-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-01-03 | AA | accounts | Accounts with accounts type full | |
| 2019-12-06 | TM01 | officers | Termination director company with name termination date | |
| 2019-07-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2019-04-18 | AP01 | officers | Appoint person director company with name date |
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.