How much does Lantern Recovery Specialists PLC make?

Lantern Recovery Specialists PLC reported revenue of £21.6m and £3.9m profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

How many employees does Lantern Recovery Specialists PLC have?

Lantern Recovery Specialists PLC reported an average of 122 employees in the year to 31 Mar 2026.

Is Lantern Recovery Specialists PLC profitable?

Yes — Lantern Recovery Specialists PLC reported a profit of £3.9m in the year to 31 Mar 2026.

Company No. 02186762 · Incorporated 2 Nov 1987

Lantern Recovery Specialists PLC

Registered name: LANTERN RECOVERY SPECIALISTS PLC

Part of Lantern Services (Holdings) Ltd group

Lantern Recovery Specialists PLC made £21.6m revenue and £3.9m profit in the year to 31 Mar 2026.

Lantern Recovery Specialists PLC’s revenue grew 9% to £21.6m in the year to 31 Mar 2026, with £3.9m profit and 122 employees. The company is classified under “maintenance and repair of motor vehicles” and is based in Potters Bar; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45200Maintenance and repair of motor vehicles SIC 52103Operation of warehousing and storage facilities for land transport activities SIC 52219Other service activities incidental to land transportation, n.e.c.SIC 52290Other transportation support activities

Status: Active
Location: Potters Bar, East of England
Age: 38 yrs · since 1987
Type: Public Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Mar 2026

Key figures

Doing more with lessBoring industry

Revenue

£21.6m

Growth ▲9%

Profit

£3.9m

Growth ▼11.4%

Profit margin

17.9%

Gross 42.5%

Employees

122

Change ▼6.9%

Profit / employee

£31.7k

Revenue/employee £177k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024	31 Mar 2025	31 Mar 2026
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.7m	£21.4m	£19.8m	£21.6m
Cost of sales	£10.3m	£12.2m	£11.1m	£12.4m
Gross profit	£8.5m	£9.2m	£8.7m	£9.2m
Operating profit	£5.9m	£6.2m	£5.6m	£5.1m
Profit before tax	£5.9m	£6.4m	£5.9m	£5.4m
Profit after tax	£4.6m	£4.8m	£4.4m	£3.9m
Profit (best available)	£4.6m	£4.8m	£4.4m	£3.9m
Staff costs	£4.5m	£5.8m	£5.8m	£6.2m
Employees (average)	115	125	131	122
Ratios
Profit margin	24.6%	22.7%	22%	17.9%
Gross margin	45.2%	43%	44%	42.5%
Revenue per employee	£163k	£171k	£151k	£177k
Profit per employee	£40k	£38.8k	£33.3k	£31.7k
Growth (year on year)
Revenue growth	—	▲14.2%	▼7.3%	▲9%
Profit growth	—	▲5.3%	▼9.9%	▼11.4%
Headcount growth	—	▲8.7%	▲4.8%	▼6.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.3m	£7.1m	£6.7m	£11.4m
Net assets	£16.1m	£20.6m	£25m	£15.6m
Fixed assets	£6.6m	£7.1m	£7.1m	£8.2m
Current assets	£15.8m	£19.6m	£24m	£14.4m
Debtors	£2m	£2m	£2.3m	£2.3m
Deferred income	£59.7k	£47.3k	£21.5k	£46.4k
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 17.9%; Profit ÷ revenue.
Gross margin: 42.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £177k; Revenue ÷ average employees.
Profit per employee: £31.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 37.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.5%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▼38%; Now £15.6m
Cash at bank: ▲70%; Now £11.4m
Headcount: ▼7%; Now 122
Deferred income: ▲116%; Now £46.4k
Fixed assets: ▲15%; Now £8.2m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Lantern Services (Holdings) Ltdultimate parent75–100%
Lantern Recovery Specialists PLCthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (2)

Lantern Property Holdings LimitedFigures not disclosed
Worldwide Recovery Systems LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £3.9m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 14 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.