How much does Less Common Metals Limited make?

Less Common Metals Limited reported revenue of £8.5m and a loss of £1.1m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Less Common Metals Limited have?

Less Common Metals Limited reported an average of 39 employees in the year to 31 Dec 2024.

Is Less Common Metals Limited profitable?

No — Less Common Metals Limited reported a loss of £1.1m in the year to 31 Dec 2024.

Company No. 02690088 · Incorporated 24 Feb 1992

Less Common Metals Limited

Registered name: LESS COMMON METALS LIMITED

Part of Usa Rare Earth Inc group

Less Common Metals Limited made £8.5m revenue and a £1.1m loss in the year to 31 Dec 2024. read from filing text

Less Common Metals Limited’s revenue fell 35% to £8.5m in the year to 31 Dec 2024, with a loss of £1.1m and 39 employees. The company is classified under “other non-ferrous metal production” and is based in Ellesmere Port; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 24450Other non-ferrous metal production

Status: Active
Location: Ellesmere Port, North West
Age: 34 yrs · since 1992
Type: Private 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. From the filing: “The immediate and ultimate UK parent undertaking at the balance sheet date was LCMG Limited (a Company registered in England & Wales). The ultimate and overall worldwide parent undertaking was Indian ”

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£8.5m

Growth ▼34.7%

Profit

−£1.1m

Growth —

Profit margin

−13.4%

Gross 27.9%

Employees

Change ▼13.3%

Profit / employee

−£29.1k

Revenue/employee £217k

Profitable streak

0yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£20.8m	£13m	£8.5m
Cost of sales	£16.5m	£9.8m	£6.1m
Gross profit	£4.2m	£3.2m	£2.4m
Operating profit	−£183k	−£461k	−£1m
Profit before tax	−£229k	−£576k	−£1.2m
Profit after tax	−£229k	−£537k	−£1.1m
Profit (best available)	−£229k	−£537k	−£1.1m
Staff costs	£2.3m	£2m	£1.9m
Employees (average)	49	45	39
Ratios
Profit margin	−1.1%	−4.1%	−13.4%
Gross margin	20.3%	24.7%	27.9%
Revenue per employee	£424k	£288k	£217k
Profit per employee	−£4.7k	−£11.9k	−£29.1k
Growth (year on year)
Revenue growth	—	▼37.5%	▼34.7%
Headcount growth	—	▼8.2%	▼13.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£900k	£478k	£337k
Net assets	£7.6m	£7.1m	£5.9m
Fixed assets	£3.4m	£3.3m	£2.9m
Current assets	£9.6m	£7.8m	£5.8m
Debtors	£1.9m	£1.3m	£764k
Deferred income	£778k	£261k	—
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −13.4%; Profit ÷ revenue.
Gross margin: 27.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £217k; Revenue ÷ average employees.
Profit per employee: −£29.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 34%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9%; 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: ▼16%; Now £5.9m
Cash at bank: ▼29%; Now £337k
Headcount: ▼13%; Now 39
Deferred income: —; Now —
Fixed assets: ▼13%; Now £2.9m

Corporate ownership

Group structure

Ownership chain

Usa Rare Earth Inc (registered outside the UK register)ultimate parent75–100%
LCMG Limited75–100%
Less Common Metals Limitedthis company

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

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 Dec 2024 (profit −£1.1m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.

Updated from Companies House on 15 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.