How much does Lycatel Services Limited make?

Lycatel Services Limited reported revenue of £34.5m and a loss of £10.6m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Lycatel Services Limited have?

Lycatel Services Limited reported an average of 151 employees in the year to 31 Dec 2024.

Is Lycatel Services Limited profitable?

No — Lycatel Services Limited reported a loss of £10.6m in the year to 31 Dec 2024.

Company No. 05396108 · Incorporated 17 Mar 2005

Lycatel Services Limited

Registered name: LYCATEL SERVICES LIMITED

Part of WWW Holding Company Limited group

Lycatel Services Limited made £34.5m revenue and a £10.6m loss in the year to 31 Dec 2024.

Lycatel Services Limited’s revenue fell 19% to £34.5m in the year to 31 Dec 2024, with a loss of £10.6m and 151 employees. The company is classified under “solicitors” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 69102Solicitors SIC 69202Bookkeeping activities SIC 82110Combined office administrative service activities

Status: Active
Location: London, London
Age: 21 yrs · since 2005
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 2024

Key figures

Capital-light

Revenue

£34.5m

Growth ▼18.6%

Profit

−£10.6m

Growth —

Profit margin

−30.7%

Gross 62.4%

Employees

151

Change ▼9.6%

Profit / employee

−£70.2k

Revenue/employee £228k

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&L
Profit & loss
Revenue (turnover)	£43m	£42.3m	£34.5m
Cost of sales	£17.6m	£16.6m	£13m
Gross profit	£25.4m	£25.8m	£21.5m
Operating profit	−£70.9m	−£5.6m	−£10.7m
Profit before tax	−£70.8m	−£5.5m	−£10.6m
Profit after tax	−£71.1m	−£5.6m	−£10.6m
Profit (best available)	−£71.1m	−£5.6m	−£10.6m
Employees (average)	178	167	151
Ratios
Profit margin	−165.4%	−13.3%	−30.7%
Gross margin	59%	60.9%	62.4%
Revenue per employee	£242k	£254k	£228k
Profit per employee	−£399k	−£33.8k	−£70.2k
Growth (year on year)
Revenue growth	—	▼1.5%	▼18.6%
Headcount growth	—	▼6.2%	▼9.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£26.4k	£89.7k	£107k
Net assets	−£134m	−£139m	−£150m
Fixed assets	£636k	£715k	£616k
Current assets	£6.4m	£4m	£10.9m
Debtors	£6.4m	£0	£233k
Source	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: −30.7%; Profit ÷ revenue.
Gross margin: 62.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £228k; Revenue ÷ average employees.
Profit per employee: −£70.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.7%; 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 −£150m
Cash at bank: ▲19%; Now £107k
Headcount: ▼10%; Now 151
Deferred income: —; Now —
Fixed assets: ▼14%; Now £616k

Corporate ownership

Group structure

Ownership chain

WWW Holding Company Limitedultimate parent75–100%
Lycatel Services Limitedthis company

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

Sister companies (6)

Gnanam Distribution Holding LimitedFigures not disclosed
Lyca Media II LimitedFigures not disclosed
Lycatel (UK) LimitedFigures not disclosed
Lycatel Property Management Services LimitedFigures not disclosed
Lycatel Property Services LimitedFigures not disclosed
Switchware LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£10.6m), from the Companies House accounts bulk data published Apr 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.