Lyell Trading Limited
Registered name: LYELL TRADING LIMITED
Part of BF Inter Ltd groupLyell Trading Limited made £13.5m revenue and a £14.8m loss in the year to 31 Dec 2025. read from filing text
Lyell Trading Limited’s revenue grew 2% to £13.5m in the year to 31 Dec 2025, with a loss of £14.8m and 0 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in Cheltenham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Cheltenham, South West
- Age
- 12 yrs · since 2013
- 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: “The immediate and ultimate parent is Buckley Trading Group Limited.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £17.2m | £13.3m | £13.5m |
| Operating profit | −£30.3m | −£21.7m | −£14.6m |
| Profit before tax | −£31.7m | −£23.4m | −£15.1m |
| Profit after tax | −£30.7m | −£22.3m | −£14.8m |
| Profit (best available) | −£30.7m | −£22.3m | −£14.8m |
| Employees (average) | 0 | 0 | 0 |
| Ratios | |||
| Profit margin | −178.4% | −167.6% | −109.7% |
| Growth (year on year) | |||
| Revenue growth | — | ▼22.6% | ▲1.6% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.5m | £19.8m | £42.7m |
| Net assets | £123m | £102m | £86.9m |
| Current assets | £147m | £126m | £144m |
| Debtors | £123m | £82.3m | £81.6m |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −109.7%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- 603.3%
- 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
- ▼15%
- Now £86.9m
- Cash at bank
- ▲116%
- Now £42.7m
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- BF Inter Ltdultimate parent75–100%
- Blackfinch Group Limited75–100%
- Blackfinch Investments Limited75–100%
- Blackfinch Nominees Limited75–100%
- Buckley Trading Group Limited75–100%
- Lyell Trading Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Lyell Residential (Bankfield) LimitedRev. — · Profit −£425k
- Lyell Residential (Hatton Garden) LimitedRev. — · Profit −£96.7k
Sister companies (7)
- Henslow Trading LimitedRev. £12.3m · Profit −£3.3m
- Averly Trading LimitedFigures not disclosed
- Charwin Homes LimitedFigures not disclosed
- Edison Trading LimitedFigures not disclosed
- Litchfield Trading LimitedRev. — · Profit £18.9k
- Sedgwick Trading LimitedRev. — · Profit −£1.7m
- Voyager Leisure LimitedFigures not disclosed
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£14.8m), 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.