Lift-Mortgages Limited
Registered name: LIFT-MORTGAGES LIMITED
Part of Brooks Macdonald Group PLC groupLift-Mortgages Limited made £1.6m revenue and £11.7k profit in the year to 31 Dec 2023.
Lift-Mortgages Limited’s revenue fell 15% to £1.6m in the year to 31 Dec 2023, with £11.7k profit and 11 employees. The company is classified under “activities auxiliary to financial intermediation” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 18 yrs · since 2008
- 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. From the filing: “LIFT-Financial Group Ltd”
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) | £1.9m | £1.6m |
| Cost of sales | £433k | £265k |
| Gross profit | £1.4m | £1.3m |
| Operating profit | £48k | £15.4k |
| Profit before tax | £48k | £15.4k |
| Profit after tax | £38.9k | £11.7k |
| Profit (best available) | £38.9k | £11.7k |
| Employees (average) | 10 | 11 |
| Ratios | ||
| Profit margin | 2.1% | 0.7% |
| Gross margin | 76.9% | 83.5% |
| Revenue per employee | £188k | £146k |
| Profit per employee | £3.9k | £1.1k |
| Growth (year on year) | ||
| Revenue growth | — | ▼14.6% |
| Profit growth | — | ▼69.8% |
| Headcount growth | — | ▲10% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £128k | £68.3k |
| Net assets | £52.7k | £42.4k |
| Current assets | £128k | £84.7k |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 |
How the business works
- Profit margin
- 0.7%
- Profit ÷ revenue.
- Gross margin
- 83.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £146k
- Revenue ÷ average employees.
- Profit per employee
- £1.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- ▼19%
- Now £42.4k
- Cash at bank
- ▼47%
- Now £68.3k
- Headcount
- ▲10%
- Now 11
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Brooks Macdonald Group PLCultimate parent75–100%
- Lift-Financial Group Ltd75–100%
- Lift-Mortgages Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (6)
- Lift-Financial LtdRev. £5.9m · Profit £1.2k
- 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
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £11.7k), 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.