Lucy Electric (Ems) Limited
Other research and experimental development on natural sciences and engineering · Oxford
ActiveUnited KingdomIncorporated 1981Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£13,390,210
Cash
£1,533,727
Turnover
£31,385,284
Profit / loss
£2,345,776
Current assets
£21,798,130
Creditors < 1 year
£4,572,476
Equity
£13,390,210
Average employees
121
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 | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £13,390,210 | £11,044,434 |
| Equity | £13,390,210 | £11,044,434 |
| Share capital | £22,000,050 | £22,000,050 |
| Retained earnings | −£8,997,380 | −£11,343,156 |
| Assets | ||
| Fixed assets | £1,084,704 | £3,474,144 |
| Intangible assets | £367,625 | £387,602 |
| Property, plant & equipment | £220,425 | £359,594 |
| Investments | £496,654 | £2,726,948 |
| Current assets | £21,798,130 | £19,245,407 |
| Cash at bank | £1,533,727 | £5,330,066 |
| Debtors | £20,264,403 | £13,915,341 |
| Liabilities | ||
| Creditors within one year | £4,572,476 | £4,748,818 |
| Creditors after one year | — | £2,168,770 |
| Provisions | £4,920,148 | £4,757,529 |
| Net current assets | £17,225,654 | £14,496,589 |
| Assets less current liabilities | £18,310,358 | £17,970,733 |
| Profit & loss | ||
| Turnover | £31,385,284 | £28,600,479 |
| Cost of sales | £27,307,216 | £26,609,975 |
| Gross profit | £4,078,068 | £1,990,504 |
| Administrative expenses | £700,883 | £524,645 |
| Other operating income | £279,402 | £251,488 |
| Operating profit | £3,656,587 | £1,717,347 |
| Interest receivable | £147,659 | £196,470 |
| Interest payable | £51,298 | £200,625 |
| Profit before tax | £3,752,948 | £1,713,192 |
| Tax | £1,407,172 | £664,522 |
| Profit / loss | £2,345,776 | £1,048,670 |
| Operating costs | ||
| Depreciation | £98,080 | £123,426 |
| Amortisation | £112,285 | £96,900 |
| Audit fees | £9,200 | £8,165 |
| People & pay | ||
| Average employees | 121 | 106 |
| Staff costs | £9,818,878 | £10,505,960 |
| Wages & salaries | £8,428,319 | £9,104,330 |
| Social security costs | £886,846 | £870,317 |
| Directors' remuneration | £469,014 | £435,467 |
| 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.
- Principal activity
- The company is principally involved in the development of intellectual property for medium voltage switchgear and the provision of management services to Lucy Electric within Lucy Group Ltd.
- What it does
- medium voltage switchgear · low voltage switchgear · intellectual property development · management services · electrical solutions (AI keywords)
- The year
- The company reported an increase in sales of 9.7% (2024: 15.5%) and profit before tax is £3.8 million (2024: £1.7 million profit.) Shareholder’s funds are £13.4 million (2024: £11.0 million) at 31st December 2025.
- Outlook
- In conjunction with other group companies, the Company intends to continue to develop medium voltage switchgear and the capabilities of it's staff to allow the group's customers to improve their energy and operating efficiency.
- Auditor
- Wenn Townsend · senior statutory auditor Ajay Bahl BA BFP FCA
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Lucy Group Ltd · England & Wales
- Ultimate parent
- W. L. Shareholding Company Limited · England & Wales
- Ultimate controlling party
- W. L. Shareholding Company Limited
- Accounts
- FRS 101
- Approved
- 2026-02-23, signed by C. R. Dick, G. D. Ashton
Subsidiaries (2)
- Lucy Switchgear Arabia Company Limited · 90% · Saudi Arabia
- Lucy Electric MENA Regional Headquarters LLC · 100% · Saudi Arabia
Borrowings (1)
- SAR 10m loan from Lucy Group Ltd dated 21st June 2022; initial term of 5 years; repaid in full on 30th September 2025 · from Lucy Group Ltd · SAR 10m · 4% per annum above CME Group Inc's three-month term SOFR rate · Initial term of 5 years; repaid in full on 30th September 2025
Directors' report (4)
- C. R. Dick
- G. D. Ashton
- J. C. Finch-Dick
- J.A. Griffiths
Share classes (1)
- 22,000,050 Ordinary shares of £1.00 each
Principal risks (4)
- Macroeconomic environment
- Strategy implementation
- People
- IT and communication
Events after the year end (1)
- There have been no significant events affecting the Company since the year end.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.