{"name":"LESTER & BROWN LIMITED","company_number":"06650978","status":"Active","type":"Private Limited Company","incorporated":"2008-07-18","dissolved":null,"registered_office":"29 Park Lane, Poynton, Stockport, Cheshire, SK12 1RD","postcode":"SK12 1RD","sic_codes":[{"code":47770,"description":"Retail sale of watches and jewellery in specialised stores"}],"principal_activity":"The principal activity of the company during the year under review was that of retail jewellers.","previous_names":[],"warnings":[],"accounts":{"category":"Micro","year_end":"30 November","last_made_up_to":"2025-11-30","next_due":"2027-08-31"},"employees":{"count":4,"accounts_date":"2025-11-30"},"financials":[{"financial_date":"2025-11-30","net_assets":-17448,"average_employees":4},{"financial_date":"2024-11-30","net_assets":-38766,"average_employees":4},{"financial_date":"2023-11-30","net_assets":-67776},{"financial_date":"2022-11-30","net_assets":-57122},{"financial_date":"2021-11-30","net_assets":-75043}],"officers":{"current":2,"resigned":2,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":2,"outstanding":2},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Lester & Brown Limited presents a classic turnaround scenario: an established independent retailer with sector-specific expertise and recent operational momentum, but encumbered by a deeply impaired balance sheet that constrains strategic options and creates existential going concern risk. The FY2024 improvement—reducing net liabilities by 43%—demonstrates the directors' capacity to engineer recovery, yet the business remains technically insolvent and asset-constrained at a level that fundamentally limits competitive positioning. The path forward requires decisive balance sheet restructuring, likely through director capital injection, combined with a pivot toward higher-margin service revenue and digital channel development to build resilience against the structural headwinds facing discretionary retail independents.","website":"http://www.lesterandbrown.co.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/lester-brown-2","people":"https://www.companiesintheuk.co.uk/company/lester-brown-2/people","filing_history":"https://www.companiesintheuk.co.uk/company/lester-brown-2/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/06650978","financials":"https://www.companiesintheuk.co.uk/company/lester-brown-2/financial","control":"https://www.companiesintheuk.co.uk/company/lester-brown-2/control","charges":"https://www.companiesintheuk.co.uk/company/lester-brown-2/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/lester-brown-2/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/lester-brown-2"}