LG ELECTRONICS U.K. LTD

VELOCITY 2, BROOKLANDS DRIVE, WEYBRIDGE, SURREY, KT13 0SL

Company Number: 02143888
Incorporation date: 01-Jul-1987
Status: Active
Entity type: Private Limited Company

SIC codes:
46520 Wholesale of electronic and telecommunications equipment and parts
47910 Retail sale via mail order houses or via Internet




SUMMARY

This company is 37.1 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 57.5 million which has increased from GBP 52.5 million in the previous year. The latest reported revenue figure is GBP 519.8 million which is similar to the previous year's figure of GBP 527.3 million. The company has 3 active officers (directors or partners) who are or were officers of 1 other company. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2018 GBP 519,780,000 5,633,000 1,210,000 718,000 1,201,000 4,924,000
31-Dec-2017 GBP 527,275,000 6,664,000 422,000 291,000 1,384,000 5,411,000
31-Dec-2016 GBP 482,444,000 7,743,000 400,000 1,658,000 6,485,000
31-Dec-2015 GBP 486,353,000 1,859,000 200,000 1,000 470,000 1,588,000
31-Dec-2014 GBP 474,545,000 10,603,000 434,000 99,000 2,478,000 8,460,000
31-Dec-2013 GBP 468,837,000 6,201,000 768,000 323,000 1,991,000 4,655,000
31-Dec-2012 GBP 385,583,000 7,660,000 628,000 447,000 2,740,000 5,101,000
31-Dec-2011 GBP -8,287,000 942,000 766,000 2,700,000
31-Dec-2010 GBP 4,596,000 854,000 700,000 1,966,000 4,750,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2018 GBP 8,048,000 281,199,000 19,200,000 38,255,000 57,455,000
31-Dec-2017 GBP 2,154,000 316,523,000 19,200,000 33,331,000 52,531,000
31-Dec-2016 GBP 2,923,000 220,926,000 19,200,000 27,920,000 47,120,000
31-Dec-2015 GBP 10,092,000 275,265,000 19,200,000 21,435,000 40,635,000
31-Dec-2014 GBP 18,616,000 199,146,000 153,754,000 19,200,000 19,847,000 39,047,000
31-Dec-2013 GBP 10,092,000 175,453,000 139,980,000 19,200,000 11,387,000 30,587,000
31-Dec-2012 GBP 9,494,000 164,602,000 133,919,000 19,200,000 6,732,000 25,932,000
31-Dec-2011 GBP 5,426,000 156,897,000 128,643,000 19,200,000 1,631,000 20,831,000
31-Dec-2010 GBP 13,381,000 214,632,000 176,152,000 19,200,000 7,042,000 26,242,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Jin HEO 07 Feb 2024 18 Jul 2024 1 - 0
Resigned Bae Jin LEE 08 Feb 2021 07 Feb 2024 0 - 1
Resigned Jae Ho MIN 12 Jan 2018 08 Feb 2021 0 - 1
Resigned Sangwook WOO 14 Feb 2014 12 Jan 2018 0 - 1
Resigned Byeongseon BAN 31 Mar 2010 14 Feb 2014 0 - 1
Resigned Augustine SHIM 21 Feb 2008 31 Mar 2010 0 - 2
Resigned Min Kyo KIM 18 Jul 2003 20 Feb 2008 Finance Director Korean 0 - 2
Resigned Hak Baek KIM 01 Mar 2002 18 Jul 2003 Director Of Finance Korean 0 - 2
Resigned Kwon Hyo LEE 18 Jun 2001 01 Mar 2002 Finance Director Korean 0 - 2
Resigned Young-Hahn KIM 13 Mar 1995 18 Jun 2001 Company Secretary Korean 0 - 2
Resigned Ho Je PARK 13 Apr 1993 13 Mar 1995 Company Director British 0 - 1
Resigned No Keun PARK 13 Apr 1993 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Gilseong KANG 28 May 2024 Director South Korean 1 - 00 (0.0%)
Active Jin HEO 07 Feb 2024 Cfo South Korean 1 - 00 (0.0%)
Active Hwalsoo CHOI 07 Feb 2024 President South Korean 1 - 00 (0.0%)
Resigned Bae Jin LEE 08 Feb 2021 07 Feb 2024 Cfo South Korean 0 - 10 (0.0%)
Resigned Byeongseon BAN 01 Jan 2019 28 May 2024 Cfo - Europe South Korean 0 - 10 (0.0%)
Resigned Bum Seop LEE 01 Jan 2019 07 Feb 2024 President Of Uk Subsidiary South Korean 0 - 10 (0.0%)
Resigned Jae Ho MIN 12 Jan 2018 08 Feb 2021 Cfo South Korean 0 - 10 (0.0%)
Resigned Janghwa LEE 31 Jan 2016 01 Jan 2019 President South Korean 0 - 10 (0.0%)
Resigned Kiil KWON 01 Dec 2014 31 Jan 2016 President South Korean 0 - 10 (0.0%)
Resigned Sangwook WOO 14 Feb 2014 12 Jan 2018 Company Director South Korean 0 - 10 (0.0%)
Resigned Byoung Nyoung CHANG 12 Feb 2013 01 Jan 2019 Director South Korean 0 - 10 (0.0%)
Resigned Young Bae NA 16 Jul 2012 01 Dec 2014 Director Republic Of Korea 0 - 10 (0.0%)
Resigned Hyoung Seok LIM 17 Dec 2010 16 Jul 2012 Director Korean 0 - 10 (0.0%)
Resigned Byeongseon BAN 31 Mar 2010 14 Feb 2014 Director Korean 0 - 10 (0.0%)
Resigned Doo Yong BAE 31 Mar 2010 12 Feb 2013 Director Korean 0 - 10 (0.0%)
Resigned Inseog KIM 21 Feb 2008 31 Mar 2010 European Cfo Lg Electronics Europe South Korean 0 - 10 (0.0%)
Resigned Augustine SHIM 03 Sep 2007 31 Mar 2010 Chief Financial Officer South Korean 0 - 20 (0.0%)
Resigned Soon Seop JUNG 28 Feb 2007 20 Feb 2008 Vice President South Korea 0 - 10 (0.0%)
Resigned Young Bae NA 03 Jan 2006 16 Dec 2010 President Korean 0 - 10 (0.0%)
Resigned Hoyoung JEONG 16 Jan 2004 02 Jan 2006 President & Ceo Korean 0 - 10 (0.0%)
Resigned Min Kyo KIM 18 Jul 2003 20 Feb 2008 Finance Director Korean 0 - 20 (0.0%)
Resigned Young Ho SHIN 18 Jul 2003 02 Jan 2008 Operations Director Korean 0 - 10 (0.0%)
Resigned Jong Hee LIM 28 Mar 2002 16 Jan 2004 President And C E O Korean 0 - 10 (0.0%)
Resigned Hak Baek KIM 01 Mar 2002 18 Jul 2003 Director Of Finance Korean 0 - 20 (0.0%)
Resigned Hong Jin PARK 10 Aug 2001 29 Jan 2003 Vice President Overseas Market Korean 0 - 10 (0.0%)
Resigned Kwon Hyo LEE 18 Jun 2001 28 Mar 2002 Finance Director Korean 0 - 20 (0.0%)
Resigned Ki Song CHO 08 Apr 1999 31 Jul 2001 Director Korean 0 - 10 (0.0%)
Resigned Kwang-Ho CHO 02 Apr 1998 08 Apr 1999 Director Korean 0 - 21 (50.0%)
Resigned Barry James WILLMORE 01 Jan 1996 31 May 2002 Managing Director British 0 - 30 (0.0%)
Resigned Young-Hahn KIM 24 Apr 1995 18 Jun 2001 Finance & Administration Dir Korean 0 - 20 (0.0%)
Resigned O Shik KONG 02 Apr 1998 Director Korean 0 - 10 (0.0%)
Resigned Kwang Baik KIM 01 Feb 1993 Director Korean 0 - 10 (0.0%)
Resigned Nam Kyun WOO 24 Apr 1995 Director Korean 0 - 10 (0.0%)
Number of active directors: 3
Average tenure of active directors: 0.3 years
Average tenure of resigned directors: 2.8 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
LG ELECTRONICS U.K. LTD (02143888) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-10-032014-10-032013-10-032012-10-032011-10-03
L G ELECTRONICS EUROPEAN HOLDING B.V.ORDINARY192,000
100%
192,000
100%
192,000
100%
192,000
100%
192,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

LG ELECTRONICS U.K. LTD

no controlled companies

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2023-07-01 2023-12-31 33 5% 42% 81250
2023-01-01 2023-06-30 33 6% 46% 75249
2022-07-01 2022-12-31 35 8% 53% 67936
2022-01-01 2022-06-30 35 8% 51% 61628
2021-07-01 2021-12-31 % % 56532
2021-07-01 2021-12-31 34 7% 47% 56533
2021-01-01 2021-06-30 33 5% 53% 46918
2020-07-01 2020-12-31 33 4% 45% 40204
2020-01-01 2020-06-30 34 5% 49% 32930
2019-07-01 2019-12-31 35 6% 51% 26224
2019-01-01 2019-06-30 34 5% 51% 17529
2018-07-01 2018-12-31 34 6% 53% 9554
2018-01-01 2018-06-30 35 6% 51% 3313


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 46520 Wholesale of electronic and telecommunications equipment and parts)

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LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
LG ELECTRONICS U.K. LTD 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector 1.2% 4.5% 10.7% Medium
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.8% 3.8% 7.5% Medium
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