LNT Group's revenue keeps on rising during a period of change

THE LNT Group's turnover rose in the last financial year as its global empire continued to grow.
Lawrence Tomlinson..... Picture by Simon HulmeLawrence Tomlinson..... Picture by Simon Hulme
Lawrence Tomlinson..... Picture by Simon Hulme

The Leeds-based group’s operations range from care homes to industrial de-icers and racing cars. The accounts for the 2014 to 2015 financial year showed that the group’s turnover rose by 5.7 per cent to £95.8m in 2015.

All five businesses expanded during the period, with LNT’s international sales growing by 29 per cent to £8.5m, the company said.

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Overall, the group reported an 84 per cent improvement in operating performance from 2013-14; achieving an operating profit of £0.3m, when excluding £0.6m of non-recurring advisory transaction and bank refinance costs.

Since the year end, LNT has announced a number of changes in the business.

In September 2015, LNT announced the sale of 25 of its care homes to Anchor, retaining 15 homes under the Ideal Carehomes brand. The deal, which does not show on the latest accounts, left LNT cash positive, the company said.

LNT also recently announced an organisational reshuffle so it can focus on the development arm of the group, LNT Care Developments.

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Matt Lowe, the chief executive of LNT, which employs 1,000 staff, said: “The 2015 accounts show a very positive picture for the LNT Group. I am particularly pleased by our international trade which continues to go from strength to strength. The positive trend in performance of the group since the end of the 2015 year-end has continued and we are already feeling very confident about the 2016 results.”

Lawrence Tomlinson, the chairman of LNT, added: “During the past year, not only have we seen improved business performance and significantly beneficial financial deals, but have also been working to ensure operational efficiency across the group.

“By increasing vertical integration between the businesses, sharing resources and knowledge, we’ve put the business on a very stable footing.

“It has been an exciting period of change for LNT which guarantees a sustainable future both in the medium and long-term for us.”

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