Lift-Financial Group Ltd
Registered name: LIFT-FINANCIAL GROUP LTD
Part of Brooks Macdonald Group PLC groupLift-Financial Group Ltd made £5.7m revenue and £364k profit in the year to 31 Dec 2023.
Lift-Financial Group Ltd’s revenue grew 8% to £5.7m in the year to 31 Dec 2023, with £364k profit and 65 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 19 yrs · since 2007
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £5.3m | £5.7m |
| Cost of sales | £2m | £1.4m |
| Gross profit | £3.3m | £4.3m |
| Operating profit | −£41.5k | £234k |
| Profit before tax | £159k | £421k |
| Profit after tax | £156k | £364k |
| Profit (best available) | £156k | £364k |
| Employees (average) | 63 | 65 |
| Ratios | ||
| Profit margin | 3% | 6.4% |
| Gross margin | 62.1% | 74.7% |
| Revenue per employee | £84k | £88.2k |
| Profit per employee | £2.5k | £5.6k |
| Growth (year on year) | ||
| Revenue growth | — | ▲8.3% |
| Profit growth | — | ▲133% |
| Headcount growth | — | ▲3.2% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £289k | £253k |
| Net assets | £192k | £154k |
| Fixed assets | £51k | £63.4k |
| Current assets | £842k | £733k |
| Debtors | £209k | £175k |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 |
How the business works
- Profit margin
- 6.4%
- Profit ÷ revenue.
- Gross margin
- 74.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £88.2k
- Revenue ÷ average employees.
- Profit per employee
- £5.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 3.1%
- Money owed by customers. Low = customers pay quickly.
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
- ▼20%
- Now £154k
- Cash at bank
- ▼13%
- Now £253k
- Headcount
- ▲3%
- Now 65
- Deferred income
- —
- Now —
- Fixed assets
- ▲24%
- Now £63.4k
Group structure
Ownership chain
- Brooks Macdonald Group PLCultimate parent75–100%
- Lift-Financial Group Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (7)
- Lift-Financial LtdRev. £5.9m · Profit £1.2k
- Lift-Mortgages LimitedRev. £1.6m · Profit £11.7k
- Lift-Sport LimitedRev. £1.2m · Profit £159k
- Lift-Workwise LimitedRev. £730k · Profit £84k
- Lift-Insurance LtdRev. £477k · Profit £47.6k
- Lift-Advice LtdRev. £235k · Profit −£11.5k
- Lift-Tax LimitedFigures not disclosed
Sister companies (11)
- Lift-Invest LimitedRev. £1.5m · Profit £13.8k
- Adroit Financial Planning LimitedFigures not disclosed
- Braemar Group LimitedFigures not disclosed
- Brooks Macdonald Asset Management LimitedFigures not disclosed
- Brooks Macdonald Financial Consulting LimitedFigures not disclosed
- Cornelian Asset Managers Group LimitedFigures not disclosed
- CST Wealth Management LimitedFigures not disclosed
- Integrity Wealth (Holdings) LimitedFigures not disclosed
- Integrity Wealth Bidco LimitedFigures not disclosed
- Levitas Investment Management Services LimitedFigures not disclosed
- Lucas Fettes Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £364k), 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.