Lantern Recovery Specialists Plc
02186762
Healthy
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/03/2025
full
Next accounts due
30/09/2026
Confirmation statement
Last: 17/12/2025
Due 31/12/2026
Industry
Officers
Craig Coleman
secretary · Since 31/05/2008
British
Craig Coleman
director · Since 26/03/2012
British
Lee Coleman
director · Since 26/03/2012
British
Raymond Michael Coleman
director
British
Ryan Coleman
director · Since 26/03/2012
British
Former
Catherine Anne Chapman
secretary · Resigned 31/05/2008
Raymond Michael Coleman
secretary · Resigned 25/10/2005
Joseph Henry Coleman
director · Resigned 25/10/2005
Sheila Jessie Coleman
director · Resigned 29/02/2008
CompanyRankvs 550+ SIC 45200 peers80
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/03/2025
Turnover
£19.8M
Annual revenue
Net Worth
£25.0M
Balance sheet strength
Cash
£6.7M
Cash in the bank
Profit Before Tax
£5.9M
Bottom line earnings
Net Current Assets
£19.5M
Working capital
Current Assets
£24.0M
Current Liabilities
£4.5M
Fixed Assets
£7.1M
Debtors
£17.0M
Cost of Sales
£11.1M
Gross Profit
£8.7M
Admin Expenses
£3.1M
Operating Profit
£5.6M
Profit After Tax
£4.4M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 5.37 | +£4.4M |
| 2024 | 4.29 | — |
Derived from filed accounts. Not audited figures.