Lombard Technology Services Limited
Registered name: LOMBARD TECHNOLOGY SERVICES LIMITED
Part of Natwest Group PLC groupLombard Technology Services Limited made £6.4m revenue and £2.1m profit in the year to 31 Dec 2024.
Lombard Technology Services Limited’s revenue fell 52% to £6.4m in the year to 31 Dec 2024, with £2.1m profit. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 40 yrs · since 1986
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £24.8m | £13.3m | £6.4m |
| Cost of sales | −£5.9m | −£1.6m | −£1.5m |
| Operating profit | £11m | £6.8m | £2.9m |
| Profit before tax | £10.4m | £6.6m | £2.8m |
| Profit after tax | £8.5m | £5m | £2.1m |
| Profit (best available) | £8.5m | £5m | £2.1m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | 34.1% | 37.7% | 33.1% |
| Growth (year on year) | |||
| Revenue growth | — | ▼46.4% | ▼51.7% |
| Profit growth | — | ▼40.7% | ▼57.7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2024 | Accounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 33.1%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Natwest Group PLCultimate parent75–100%
- Natwest Holdings Limited75–100%
- National Westminster Bank Public Limited Company75–100%
- Lombard North Central Public Limited Company75–100%
- Lombard Technology Services Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (13)
- Caledonian Sleepers Rail Leasing LimitedFigures not disclosed
- JCB Finance LtdFigures not disclosed
- Lombard & Ulster LimitedFigures not disclosed
- Lombard Business Leasing LimitedFigures not disclosed
- Lombard Discount LimitedFigures not disclosed
- Lombard Finance LimitedFigures not disclosed
- Lombard Leasing Contracts LimitedFigures not disclosed
- Lombard Lessors LimitedFigures not disclosed
- Lombard Maritime LimitedFigures not disclosed
- Lombard North Central Leasing LimitedFigures not disclosed
- Lombard Property Facilities LimitedFigures not disclosed
- Royal Bank Leasing LimitedFigures not disclosed
- Royscot Trust Public Limited CompanyFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £2.1m), from the Companies House accounts bulk data published Jan 2026. Spotted an error? Request a correction.
Updated from Companies House on 20 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.