Lakeland Limited
Retail sale of hardware, paints and glass in specialised stores · London
ActiveUnited KingdomIncorporated 1964Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£30,489,000
Cash
£8,321,000
Turnover
£111,897,000
Profit / loss
−£9,158,000
Current assets
£26,094,000
Creditors < 1 year
£33,044,000
Equity
£30,489,000
Average employees
951
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £30,489,000 | £40,126,000 |
| Equity | £30,489,000 | £40,126,000 |
| Share capital | £2,000 | £2,000 |
| Retained earnings | £30,486,000 | £40,123,000 |
| Assets | ||
| Fixed assets | £39,704,000 | £38,657,000 |
| Intangible assets | £3,517,000 | £3,395,000 |
| Property, plant & equipment | £36,187,000 | £35,262,000 |
| Current assets | £26,094,000 | £25,744,000 |
| Cash at bank | £8,321,000 | £5,353,000 |
| Debtors | £2,774,000 | £3,652,000 |
| Stock | £14,999,000 | £16,739,000 |
| Liabilities | ||
| Creditors within one year | £33,044,000 | £19,615,000 |
| Bank loans & overdrafts | £8,350,000 | — |
| Provisions | £2,265,000 | £4,660,000 |
| Capital commitments | — | £40,000 |
| Net current assets | −£6,950,000 | £6,129,000 |
| Assets less current liabilities | £32,754,000 | £44,786,000 |
| Profit & loss | ||
| Turnover | £111,897,000 | £133,596,000 |
| Cost of sales | £51,485,000 | £67,484,000 |
| Gross profit | £60,412,000 | £66,112,000 |
| Distribution costs | £61,661,000 | £65,545,000 |
| Administrative expenses | £7,663,000 | £12,078,000 |
| Other operating income | £578,000 | £224,000 |
| Operating profit | −£8,334,000 | −£11,287,000 |
| Interest receivable | £37,000 | £48,000 |
| Interest payable | £2,557,000 | £720,000 |
| Profit before tax | −£10,854,000 | −£11,959,000 |
| Tax | −£1,696,000 | £1,044,000 |
| Profit / loss | −£9,158,000 | −£13,003,000 |
| Operating costs | ||
| Depreciation | £2,730,000 | £3,019,000 |
| Amortisation | £2,394,000 | £1,838,000 |
| Operating lease charges | £5,574,000 | £6,259,000 |
| Audit fees | £81,000 | £70,000 |
| Cash flow | ||
| Cash from operations | −£25,000 | −£7,035,000 |
| Capital expenditure | £3,359,000 | £2,580,000 |
| People & pay | ||
| Average employees | 951 | 1,106 |
| Staff costs | £22,256,000 | £25,065,000 |
| Wages & salaries | £19,329,000 | £22,263,000 |
| Social security costs | £2,297,000 | £2,037,000 |
| Pension costs | £630,000 | £765,000 |
| Directors' remuneration | £798,000 | £401,000 |
| Highest paid director | £260,000 | £123,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- HUK 162 Limited
- Ultimate parent
- HUK 132 Limited
- Ultimate controlling party
- At 31 December 2025 there was no ultimate controlling party, as, post 2 September 2025, it was held as a financial investment by HUK 132 Limited, a joint venture between Silver Oak Capital LLC and Hilco Capital
- Accounts
- FRS 102
- Approved
- 2026-04-28, signed by R Jones
Related parties (2)
- key management personnel, who are also directors · Key management personnel · Aggregate compensation · 3,010 (000s)
- Lakeland Limited Pension Scheme · Lessor · Land and buildings leased to the company; charge in the year · £37,000 (000s)
Borrowings (2)
- Loan facility from the parent undertaking · £8,350k · 8% above the Bank of England Base Rate
- New working capital facility provided by Hilco · up to £30m · repayment date of April 2026
Share classes (2)
- 20,786 Ordinary shares of 10p each of 10p each
- 815 Ordinary A shares of 0.1p each of 0.1p each
Events after the year end (1)
- In April 2026, the business successfully extended its working capital facility with Hilco for a further 12 months to April 2027.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
3 outstanding chargesAll Assets · created 2025-04-17
—
OutstandingFixed · created 2024-06-28
—
OutstandingAll Assets · created 2019-07-24
—
OutstandingShow 4 satisfied / released
Property · created 1994-09-26 · satisfied 2013-01-24
All monies
SatisfiedProperty · created 1994-09-26 · satisfied 2013-01-24
All monies
SatisfiedProperty · created 1979-10-18 · satisfied 2013-01-24
All monies
SatisfiedAll Assets · created 1975-05-19 · satisfied 1993-05-15
All monies
Satisfied