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AIM:LSC · Industrials · Manufacture, sale, installation, rental and maintenance of fire protection equipment (European fire security industry)
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London Security plc

London Security plc is an investment holding company whose subsidiaries manufacture, sell, install, rent and maintain fire protection equipment (extinguishers, fire suppression systems and related products) across Europe. It operates through long-established brands (Nu-Swift, Ansul, Total, Premier, Master) with a local presence in the UK, Belgium, the Netherlands, Austria, France, Germany, Denmark and Luxembourg. The Group describes itself as a leader in Europe's fire security industry, combining equipment sales, installation and recurring maintenance/rental services.

The latest annual report

FY2025 in sixty seconds

year to 31 Dec 2025 · approved 8 May 2026 · 86 pages · Companies House

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London Security plc makes, installs, rents and maintains fire extinguishers and other fire protection equipment across Europe. In 2025 its revenue rose 10.7% to £244.3m, and profit before tax grew to £32.5m from £29.7m the year before.

The report puts the growth down to three things: its service businesses selling more products and services to existing customers, contracts picked up through past acquisitions, and strong demand for large one-off projects, which it says are unpredictable. A stronger euro also helped. Rising costs for parts, shipping and wages squeezed margins, which the company countered by raising prices.

Year-end cash rose to £45.9m, against borrowings of only £354k, and no money was raised from shareholders. The dividend for the year fell to 97p a share from 122p, because of a smaller interim payment. Management expects weak European economies in 2026 to reduce demand. It also warns that conflict in the Middle East will push up inflation, but believes its business should be shielded from the worst. It plans further acquisitions. The auditor gave a clean opinion and raised no doubt about the company's ability to keep trading.

From the reportevery line sits on the page it names
What drove revenue

Organic growth as service companies cross-sell additional fire protection products/services to existing customers

"Organic growth as the service companies continue to expand and cross sell additional fire protection services and products to their customers"

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What moved the marginheadwind

Rising input costs across purchases (components, shipping, wages)

"We are experiencing cost increases across all our purchases which is putting downward pressure on margins"

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What management said

We continue to believe that the Group's well-established business model and solid financials provide a strong foundation to provide profitable growth and long-term shareholder returns... The London Security Group has a healthy balance sheet, strong cash reserves and a track record for good cash generation. We will also continue to invest in our future and the Group plans to continue to grow through acquisitions.

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The dividend

Interim dividend of £0.55 per ordinary share paid 5 December 2025 (2024 interim: £0.80); Board recommending a final dividend of £0.42 per ordinary share (2024 final: £0.42), payable 10 July 2026 to shareholders on the register 12 June 2026 (ex-div 11 June 2026). Total dividends paid in the year were £11,890,000 (2024: £14,950,000). No explicit written dividend policy statement beyond the going-concern note that dividend payments could be suspended if needed to protect cash headroom.

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Key figures

11 years on one page · FY2015–FY2025

The share price over the full statements

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Revenue
Operating profit
Profit for the year
Basic EPS
Dividend per share
Free cash flow
Net debt (negative = net cash)
Shares in issue
Operating margin
Return on capital employed

GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.

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11 figures restated in a later report

Every figure is read again from the following year’s report: 408 confirmed, 12 differ, 11 restated.

No figure has been restated: every figure a later report printed again, it printed the same.

11 more figures were restated in FY2015 to FY2022, which a free account opens.