How much does Lassic Limited make?

Lassic Limited reported revenue of £39.7m and £1.9m profit in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does Lassic Limited have?

Lassic Limited reported an average of 84 employees in the year to 31 Oct 2025.

Is Lassic Limited profitable?

Yes — Lassic Limited reported a profit of £1.9m in the year to 31 Oct 2025.

Company No. 09208997 · Incorporated 9 Sep 2014

Lassic Limited

Registered name: LASSIC LIMITED

Part of Lassic Properties Limited group

Lassic Limited made £39.7m revenue and £1.9m profit in the year to 31 Oct 2025.

Lassic Limited’s revenue grew 2% to £39.7m in the year to 31 Oct 2025, with £1.9m profit and 84 employees. The company is classified under “wholesale of household goods (other than musical instruments)” and is based in Bradford; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46499Wholesale of household goods (other than musical instruments) n.e.c.

Status: Active
Location: Bradford, Yorkshire and The Humber
Age: 12 yrs · since 2014
Type: Private Limited Company

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.

Latest accounts · year to 31 Oct 2025

Key figures

Capital-lightCash flow filed

Revenue

£39.7m

Growth ▲1.5%

Profit

£1.9m

Growth ▼21.8%

Profit margin

4.9%

Gross 22%

Employees

Change ▲3.7%

Profit / employee

£22.9k

Revenue/employee £473k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Oct 2023	31 Oct 2024	31 Oct 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£29.7m	£33.9m	£39.1m	£39.7m
Cost of sales	£22.8m	£26.9m	£30m	£31m
Gross profit	£6.9m	£6.9m	£9.1m	£8.7m
Operating profit	£2.8m	£1.8m	£3.4m	£2.8m
Profit before tax	£2.4m	£1.6m	£3.3m	£2.6m
Profit after tax	£2m	£1.3m	£2.5m	£1.9m
Profit (best available)	£2m	£1.3m	£2.5m	£1.9m
Staff costs	£1.3m	£1.8m	£2.4m	£2.6m
Employees (average)	57	68	81	84
Ratios
Profit margin	6.6%	3.7%	6.3%	4.9%
Gross margin	23.2%	20.5%	23.3%	22%
Revenue per employee	£521k	£498k	£483k	£473k
Profit per employee	£34.6k	£18.6k	£30.4k	£22.9k
Cash conversion	5.4%	−40.5%	−139.4%	−35.7%
Growth (year on year)
Revenue growth	—	▲13.9%	▲15.5%	▲1.5%
Profit growth	—	▼35.7%	▲94.5%	▼21.8%
Headcount growth	—	▲19.3%	▲19.1%	▲3.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.5m	£1.5m	£5.5m	£4.9m
Net assets	£13.8m	£15.1m	£17.5m	£19.4m
Fixed assets	£352k	£319k	£273k	£221k
Current assets	£17.2m	£18.3m	£21.7m	£22.9m
Debtors	£2.6m	£2.6m	£2.7m	£2.6m
Deferred income	£270k	£555k	£621k	£711k
Cash from operations	£151k	−£712k	−£4.7m	−£985k
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: 4.9%; Profit ÷ revenue.
Gross margin: 22%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £473k; Revenue ÷ average employees.
Profit per employee: £22.9k; Profit ÷ average employees.
Cash conversion: −35.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.5%; 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: ▲11%; Now £19.4m
Cash at bank: ▼11%; Now £4.9m
Headcount: ▲4%; Now 84
Deferred income: ▲14%; Now £711k
Fixed assets: ▼19%; Now £221k

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

Corporate ownership

Group structure

Ownership chain

Lassic Properties Limitedultimate parent75–100%
Lassic Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Home Discount LimitedRev. £25m · Profit £1.8m

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2025 (profit £1.9m), from the Companies House accounts bulk data published Jun 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.