How much does Lakes Bathrooms Limited make?

Lakes Bathrooms Limited reported revenue of £18.7m and a loss of £1.1m in the year to 30 Nov 2024, according to its accounts filed at Companies House.

How many employees does Lakes Bathrooms Limited have?

Lakes Bathrooms Limited reported an average of 68 employees in the year to 30 Nov 2024.

Is Lakes Bathrooms Limited profitable?

No — Lakes Bathrooms Limited reported a loss of £1.1m in the year to 30 Nov 2024.

Company No. 02739471 · Incorporated 14 Aug 1992

Lakes Bathrooms Limited

Registered name: LAKES BATHROOMS LIMITED

Part of Lakes Corporate Holdings Limited group

Lakes Bathrooms Limited made £18.7m revenue and a £1.1m loss in the year to 30 Nov 2024.

Lakes Bathrooms Limited’s revenue was £18.7m in the year to 30 Nov 2024, with a loss of £1.1m and 68 employees. The company is classified under “wholesale of household goods (other than musical instruments)” and is based in Manchester; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46499Wholesale of household goods (other than musical instruments) n.e.c.

Status: In Administration
Location: Manchester, 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.

Latest accounts · year to 30 Nov 2024

Key figures

Capital-light

Revenue

£18.7m

Growth —

Profit

−£1.1m

Growth —

Profit margin

−5.8%

Gross 40.2%

Employees

Change —

Profit / employee

−£16.1k

Revenue/employee £276k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 May 2023	30 Nov 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12.2m	£18.7m
Cost of sales	£9m	£11.2m
Gross profit	£3.2m	£7.5m
Profit before tax	£924k	−£1.1m
Profit after tax	£1.1m	−£1.1m
Profit (best available)	£1.1m	−£1.1m
Staff costs	£2.9m	£4.7m
Employees (average)	67	68
Ratios
Profit margin	8.8%	−5.8%
Gross margin	25.9%	40.2%
Revenue per employee	£181k	£276k
Profit per employee	£15.9k	−£16.1k
Balance sheet — indirect signals, not revenue
Cash at bank	£4m	£55.6k
Net assets	£7.3m	£2.2m
Fixed assets	£679k	£505k
Current assets	£9.6m	£6.2m
Debtors	£2.3m	£2.5m
Deferred income	—	£95.8k
Source	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: −5.8%; Profit ÷ revenue.
Gross margin: 40.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £276k; Revenue ÷ average employees.
Profit per employee: −£16.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.6%; 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: —; Now £2.2m
Cash at bank: —; Now £55.6k
Headcount: —; Now 68
Deferred income: —; Now £95.8k
Fixed assets: —; Now £505k

Corporate ownership

Group structure

Ownership chain

Lakes Corporate Holdings Limitedultimate parent75–100%
Lakes Bathrooms 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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Nov 2024 (profit −£1.1m), from the Companies House accounts bulk data published Aug 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.