Lion Bidco 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
£56,627,120
Cash
£903,942
Turnover
£7,403,139
Profit / loss
—
Current assets
£65,200,944
Creditors < 1 year
£123,939,832
Equity
£56,627,120
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 | £56,627,120 | £56,627,120 | £881,601 |
| Equity | £56,627,120 | £56,627,120 | £881,601 |
| Share capital | £881,801 | £881,801 | — |
| Assets | |||
| Fixed assets | — | — | £116,906,626 |
| Investments | £188,652,657 | £188,652,657 | — |
| Current assets | £65,200,944 | £54,632,172 | £29,627,413 |
| Cash at bank | £903,942 | £139,916 | £5,500,000 |
| Debtors | £64,297,002 | £54,492,256 | £24,127,413 |
| Liabilities | |||
| Creditors within one year | £123,939,832 | £122,859,269 | £145,652,438 |
| Creditors after one year | £73,286,649 | £63,798,440 | — |
| Bank loans & overdrafts | £73,286,649 | £63,798,440 | — |
| Net current assets | −£58,738,888 | −£68,227,097 | −£116,025,025 |
| Assets less current liabilities | £129,913,769 | £120,425,560 | £881,601 |
| Profit & loss | |||
| Turnover | £7,403,139 | £8,738,982 | — |
| Administrative expenses | £1,449,526 | £313,441 | — |
| Operating profit | £8,852,665 | £8,425,541 | — |
| Interest receivable | £11,271 | £17 | — |
| Interest payable | £8,863,936 | £8,425,558 | — |
| 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 Holdco Limited
- Ultimate parent
- Lion Topco Limited
- Ultimate controlling party
- Marlin Ultimate GP (Cayman) LLC
- Approved
- signed by J Musker
Subsidiaries (4)
- 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
Borrowings (4)
- £25.0m credit facility with Blackrock Diversified Private Debt DAC · £42.4m · 7.5% p.a. (compounded quarterly) · repayable on 31 July 2028 · secured on All facilities are secured over the Group's assets
- USD capex facility with Blackrock EMMPD II Investment S A R L · $23.1m · 7.5% p.a. (compounded quarterly) · repayable on 31 July 2028 · secured on All facilities are secured over the Group's assets
- GBP capex facility with Blackrock EMMPD II Investment S A R L · £5.4m · 7.5% p.a. (compounded quarterly) · repayable on 31 July 2028 · secured on All facilities are secured over the Group's assets
- Revolving credit facility · £2.5m · initial margin rate of 3.5% p.a. compounding quarterly · repayable on 1 September 2027 · secured on All facilities are secured over the Group's assets
Share classes (1)
- 881,801 Ordinary shares of £1.00
Events after the year end (2)
- In January 2026, the Group successfully concluded negotiations with its lenders to amend its credit agreement; the amendments reset covenant levels and revise repayment terms, with no change to the value or term of the existing debt and only covenant terms amended.
- On 13 January 2026, Marlin Equity Partners invested an additional £10 million into the Group.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2021-07-30
—
Outstanding