Lane's Storage and Removals Limited
Registered name: LANE'S STORAGE AND REMOVALS LIMITED
Lane's Storage and Removals Limited made £4.9m revenue and a £26.5k loss in the year to 31 Mar 2025.
Lane's Storage and Removals Limited’s revenue was £4.9m in the year to 31 Mar 2025, with a loss of £26.5k and 60 employees. The company is classified under “removal services” and is based in Truro; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Truro, South West
- Age
- 59 yrs · since 1967
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Profit only | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £6.4m | £6.1m | — | £4.9m |
| Cost of sales | £3m | £3.1m | — | £2.6m |
| Gross profit | £3.3m | £3m | — | £2.3m |
| Operating profit | £1.2m | £787k | — | £228k |
| Profit before tax | £1.2m | £711k | £679k | −£18.4k |
| Profit after tax | £780k | £594k | — | −£26.5k |
| Profit (best available) | £780k | £594k | £679k | −£26.5k |
| Staff costs | £2.6m | £2.6m | £2.3m | £2.4m |
| Employees (average) | 82 | 75 | 63 | 60 |
| Ratios | ||||
| Profit margin | 12.3% | 9.7% | — | −0.5% |
| Gross margin | 52.3% | 49.7% | — | 47.3% |
| Revenue per employee | £77.6k | £81.3k | — | £81.5k |
| Profit per employee | £9.5k | £7.9k | £10.8k | −£442 |
| Cash conversion | 187.1% | 128.7% | — | 321.6% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼4.2% | — | — |
| Profit growth | — | ▼23.9% | ▲14.4% | ▼103.9% |
| Headcount growth | — | ▼8.5% | ▼16% | ▼4.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £214k | £237k | £520k | £769k |
| Net assets | £4.5m | £4.9m | £5.3m | £5.1m |
| Fixed assets | £6.7m | £7.2m | £8.3m | £9.2m |
| Current assets | £475k | £506k | £999k | £1.3m |
| Debtors | £188k | £188k | £185k | £137k |
| Deferred income | £8.2k | £5k | — | — |
| Cash from operations | £2.3m | £1m | — | £733k |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −0.5%
- Profit ÷ revenue.
- Gross margin
- 47.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £81.5k
- Revenue ÷ average employees.
- Profit per employee
- −£442
- Profit ÷ average employees.
- Cash conversion
- 321.6%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 188.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.8%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼4%
- Now £5.1m
- Cash at bank
- ▲48%
- Now £769k
- Headcount
- ▼5%
- Now 60
- Deferred income
- —
- Now —
- Fixed assets
- ▲11%
- Now £9.2m
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£26.5k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.