Loyal North PLC
Registered name: LOYAL NORTH PLC
Part of Fusion Asset Management (Services) Limited groupLoyal North PLC made £3.2k revenue and £6.1m profit in the year to 31 May 2025.
Loyal North PLC’s revenue fell 38% to £3.2k in the year to 31 May 2025, with £6.1m profit and 6 employees. The company is classified under “other business support service activities” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 12 yrs · since 2014
- Type
- Public 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: “Loyal North Holdings Limited”
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £58.9k | £31.4k | £5.1k | £3.2k |
| Gross profit | £58.9k | £31.4k | £5.1k | £3.2k |
| Operating profit | £3.1m | £2.3m | £180k | £6.1m |
| Profit before tax | £3.1m | £2m | £254k | £6.1m |
| Profit after tax | £3.1m | £2m | £506k | £6.1m |
| Profit (best available) | £3.1m | £2m | £506k | £6.1m |
| Staff costs | £126k | £193k | £474k | £592k |
| Employees (average) | 1 | 3 | 6 | 6 |
| Ratios | ||||
| Profit margin | 5302% | 6322% | 9828% | 190224% |
| Gross margin | 100% | 100% | 100% | 100% |
| Revenue per employee | £58.9k | £10.5k | £858 | £535 |
| Profit per employee | £3.1m | £662k | £84.3k | £1m |
| Cash conversion | −98.3% | −24.9% | −229.6% | 16% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼46.7% | ▼83.6% | ▼37.6% |
| Profit growth | — | ▼36.4% | ▼74.5% | ▲1108% |
| Headcount growth | — | ▲200% | ▲100% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.5k | £6.1k | £17.4k | £15.6k |
| Net assets | £4.9m | £9.4m | £9.9m | £13.3m |
| Fixed assets | £8.7m | £9.7m | £11.5m | £19.2m |
| Current assets | £3.9m | £3.7m | £5.1m | £4.1m |
| Debtors | £0 | £10.7k | £0 | £4.1m |
| Deferred income | £353k | £160k | £235k | £259k |
| Cash from operations | −£3.1m | −£570k | −£413k | £980k |
| Source | Accounts · bulk data Feb 2024 | Accounts · bulk data Feb 2024 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 190224%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £535
- Revenue ÷ average employees.
- Profit per employee
- £1m
- Profit ÷ average employees.
- Cash conversion
- 16%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 599144%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 8063%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 127718%
- 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
- ▲33%
- Now £13.3m
- Cash at bank
- ▼10%
- Now £15.6k
- Headcount
- 0%
- Now 6
- Deferred income
- ▲10%
- Now £259k
- Fixed assets
- ▲68%
- Now £19.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Fusion Asset Management (Services) Limitedultimate parent75–100%
- Loyal North Holdings Limited75–100%
- Loyal North PLCthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (6)
- Bidco GPFM LimitedFigures not disclosed
- Bidco HDW LimitedFigures not disclosed
- Bidco Hifs LimitedFigures not disclosed
- Bidco LFS LimitedFigures not disclosed
- Bidco ML LimitedFigures not disclosed
- Justfa Technology LimitedRev. — · Profit −£1.4m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 May 2025 (profit £6.1m), from the Companies House accounts bulk data published Nov 2025. 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.