How much does L.e.m Limited make?

L.e.m Limited reported revenue of £16.8m and a loss of £47.1m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does L.e.m Limited have?

L.e.m Limited reported an average of 97 employees in the year to 31 Dec 2023.

Is L.e.m Limited profitable?

No — L.e.m Limited reported a loss of £47.1m in the year to 31 Dec 2023.

Company No. 05687169

L.e.m LimitedDissolved

Registered name: L.E.M LIMITED

L.e.m Limited made £16.8m revenue and a £47.1m loss in the year to 31 Dec 2023. read from filing text

L.e.m Limited’s revenue grew 4% to £16.8m in the year to 31 Dec 2023, with a loss of £47.1m and 97 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Last filed accounts · year to 31 Dec 2023

Key figures

Independent

Revenue

£16.8m

Growth ▲3.9%

Profit

−£47.1m

Growth —

Profit margin

−280.4%

Gross 81.7%

Employees

Change ▲1%

Profit / employee

−£485k

Revenue/employee £173k

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 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£16.2m	£16.8m
Cost of sales	£2.8m	£3.1m
Gross profit	£13.3m	£13.7m
Operating profit	£5.5m	£7m
Profit before tax	£4.7m	−£38.9m
Profit after tax	−£1.5m	−£47.1m
Profit (best available)	−£1.5m	−£47.1m
Employees (average)	96	97
Ratios
Profit margin	−9%	−280.4%
Gross margin	82.4%	81.7%
Revenue per employee	£168k	£173k
Profit per employee	−£15.2k	−£485k
Growth (year on year)
Revenue growth	—	▲3.9%
Headcount growth	—	▲1%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1k	£756
Net assets	£906k	£900k
Fixed assets	£2.1m	£2.4m
Current assets	£1.1k	£1.3k
Debtors	£0	£522
Deferred income	£0	£4.9k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024

Derived from the latest filing

How the business works

Profit margin: −280.4%; Profit ÷ revenue.
Gross margin: 81.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £173k; Revenue ÷ average employees.
Profit per employee: −£485k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 14%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▼1%; Now £900k
Cash at bank: ▼30%; Now £756
Headcount: ▲1%; Now 97
Deferred income: —; Now £4.9k
Fixed assets: ▲11%; Now £2.4m

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

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£47.1m), from the Companies House accounts bulk data published Aug 2024. 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.