Lion Midco Limited
Activities of other holding companies n.e.c. · London
ActiveUnited KingdomIncorporated 2021Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£10,631,839
Cash
—
Turnover
—
Profit / loss
−£12,229,875
Current assets
—
Creditors < 1 year
£33,185,028
Equity
£10,631,839
Average employees
Not available
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 | 2021-12-316 months |
|---|---|---|---|
| Balance sheet | |||
| Net assets | £10,631,839 | £22,861,714 | £881,601 |
| Equity | £10,631,839 | £22,861,714 | £881,601 |
| Share capital | £881,801 | £881,801 | — |
| Retained earnings | −£45,995,581 | −£33,765,706 | — |
| Assets | |||
| Fixed assets | — | — | £881,601 |
| Investments | £56,627,420 | £56,627,420 | — |
| Current assets | — | — | £120,436,167 |
| Debtors | £120,436,167 | £120,436,167 | £120,436,167 |
| Liabilities | |||
| Creditors within one year | £33,185,028 | £33,178,153 | £120,436,167 |
| Creditors after one year | £133,246,720 | £121,023,720 | — |
| Bank loans & overdrafts | £133,246,720 | £121,023,720 | — |
| Net current assets | £87,251,139 | £87,258,014 | — |
| Assets less current liabilities | £143,878,559 | £143,885,434 | £881,601 |
| Profit & loss | |||
| Administrative expenses | £6,875 | £9,540 | — |
| Operating profit | −£6,875 | −£9,540 | — |
| Interest payable | £12,223,000 | £11,130,000 | — |
| Profit / loss | −£12,229,875 | −£11,139,540 | — |
| People & pay | |||
| Average employees | — | — | 0 |
| Source evidence | View filing | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Audit
- Subsidiary audit exemption, parent guarantee (s479A)
- Immediate parent
- Lion Topco Limited
- Ultimate parent
- Lion Topco Limited
- Ultimate controlling party
- Marlin Ultimate GP (Cayman) LLC
- Accounts
- FRS 102
- Approved
- 2026-05-09, signed by J Musker
Subsidiaries (6)
- Lion Holdco Limited · 100% · C/O Marlin Equity Partners, 1 Newman Street, London, W1T 1PB, United Kingdom
- Lion Bidco Limited* · 100% · C/O Marlin Equity Partners, 1 Newman Street, London, W1T 1PB, United Kingdom
- Scotty Ventures Limited* · 100% · 1 Old Market Avenue, Chichester, PO19 1SP, West Sussex, United Kingdom
- Linn Systems Ltd* · 100% · 1 Old Market Avenue, Chichester, PO19 1SP, West Sussex, United Kingdom
- Linnworks Inc* · 100% · 2509 Plantside Dr, Louisville, KY 40299, USA
- Linn Systems OU* · 100% · Lootsi tn 8, Tallinn 10151, Harju Maakond, Estonia
Related parties (4)
- group undertakings · group companies · Amounts owed by group undertakings; unsecured, interest free and repayable on demand · 120,436,167
- group undertakings · group companies · Amounts owed by group undertakings; unsecured, interest free and repayable on demand · 120,436,167
- group undertakings · group companies · Amounts owed to group undertakings; unsecured, interest free and repayable on demand · 33,185,028
- group undertakings · group companies · Amounts owed to group undertakings; unsecured, interest free and repayable on demand · 33,178,153
Borrowings (1)
- Unsecured redeemable loan notes issued to a related party of the controlling shareholder of Lion Topco Limited · £133,246,720 · 10.1% per annum · Mature on 30 July 2031, or on exit if earlier; interest automatically compounded if not paid at the end of each annual interest period · secured on Unsecured
Share classes (1)
- 881,801 Ordinary shares of £1.00
Events after the year end (4)
- In January 2026, the Group concluded negotiations with its lenders to amend its credit agreement, including resetting covenant levels and revising repayment terms.
- On 13 January 2026, Marlin Equity Partners invested an additional £10 million into the Group.
- Subsequent to 31 December 2025, the Group completed a restructuring of its shareholder financing arrangements; obligations relating to shareholder loan notes, including accrued interest, were novated to Lion Topco Limited and subsequently settled through the issue of B Preference Shares to the Group's majority shareholder.
- Shareholder loan notes with an aggregate value of approximately £139.6 million were extinguished and replaced with equity instruments.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.