How much does Lysander Associates Limited make?

Lysander Associates Limited reported revenue of £13.8m and £2m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Lysander Associates Limited have?

Lysander Associates Limited reported an average of 66 employees in the year to 31 Dec 2025.

Is Lysander Associates Limited profitable?

Yes — Lysander Associates Limited reported a profit of £2m in the year to 31 Dec 2025.

Company No. 04143306 · Incorporated 18 Jan 2001

Lysander Associates Limited

Registered name: LYSANDER ASSOCIATES LIMITED

Part of Martini Investco Limited group

Lysander Associates Limited made £13.8m revenue and £2m profit in the year to 31 Dec 2025.

Lysander Associates Limited’s revenue grew 28% to £13.8m in the year to 31 Dec 2025, with £2m profit and 66 employees. The company is classified under “development of building projects” and is based in Godalming; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects SIC 71129Other engineering activities

Status: Active
Location: Godalming, South East
Age: 25 yrs · since 2001
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 31 Dec 2025

Key figures

Capital-lightDoing more with lessCash flow filed

Revenue

£13.8m

Growth ▲27.8%

Profit

£2m

Growth ▲3.1%

Profit margin

14.6%

Gross 46.2%

Employees

Change ▼21.4%

Profit / employee

£30.6k

Revenue/employee £209k

Profitable streak

3yrs

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 2023	31 Dec 2024	31 Dec 2025
Disclosure	Profit only	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£10.8m	£13.8m
Cost of sales	—	£5.8m	£7.4m
Gross profit	—	£5m	£6.4m
Operating profit	—	£2.7m	£2.7m
Profit before tax	—	£2.6m	£2.7m
Profit after tax	£506k	£2m	£2m
Profit (best available)	£506k	£2m	£2m
Staff costs	—	£4.4m	£6.5m
Employees (average)	82	84	66
Ratios
Profit margin	—	18.1%	14.6%
Gross margin	—	45.9%	46.2%
Revenue per employee	—	£129k	£209k
Profit per employee	£6.2k	£23.3k	£30.6k
Cash conversion	—	−109.9%	−93.1%
Growth (year on year)
Revenue growth	—	—	▲27.8%
Profit growth	—	▲286.4%	▲3.1%
Headcount growth	—	▲2.4%	▼21.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£749k	£2.1m	£1.6m
Net assets	£3.1m	£4.2m	£5.6m
Fixed assets	£826k	£191k	£519k
Current assets	£5m	£6.7m	£7.5m
Debtors	£2m	£1.8m	£2.6m
Deferred income	£306k	£608k	£923k
Cash from operations	—	−£2.9m	−£2.5m
Source	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 14.6%; Profit ÷ revenue.
Gross margin: 46.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £209k; Revenue ÷ average employees.
Profit per employee: £30.6k; Profit ÷ average employees.
Cash conversion: −93.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.9%; 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: ▲33%; Now £5.6m
Cash at bank: ▼24%; Now £1.6m
Headcount: ▼21%; Now 66
Deferred income: ▲52%; Now £923k
Fixed assets: ▲172%; Now £519k

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

Martini Investco Limitedultimate parent75–100%
Martini Topco Limited75–100%
Martini Midco Limited75–100%
Martini Bidco Limited75–100%
Lysander Group Limited75–100%
Lysander Associates Limitedthis company

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

Sister companies (1)

Lta Mep LimitedRev. £935k · Profit £208k

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 31 Dec 2025 (profit £2m), from the Companies House accounts bulk data published Sep 2026. 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.