How much does Lif Cars Solution Ltd make?

Lif Cars Solution Ltd reported revenue of £56.1k and a loss of £91.1k in the year to 31 May 2024, according to its accounts filed at Companies House.

How many employees does Lif Cars Solution Ltd have?

Lif Cars Solution Ltd reported an average of 2 employees in the year to 31 May 2024.

Is Lif Cars Solution Ltd profitable?

No — Lif Cars Solution Ltd reported a loss of £91.1k in the year to 31 May 2024.

Company No. 11978271 · Incorporated 3 May 2019

Lif Cars Solution Ltd

Registered name: LIF CARS SOLUTION LTD

Lif Cars Solution Ltd made £56.1k revenue and a £91.1k loss in the year to 31 May 2024.

Lif Cars Solution Ltd’s revenue grew 33% to £56.1k in the year to 31 May 2024, with a loss of £91.1k and 2 employees. The company is classified under “sale of used cars and light motor vehicles” and is based in Cardiff; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45112Sale of used cars and light motor vehicles

Status: Active - Proposal to Strike off
Location: Cardiff, Wales
Age: 7 yrs · since 2019
Type: Private Limited Company

Latest accounts · year to 31 May 2024

Key figures

IndependentSmall teamCapital-light

Revenue

£56.1k

Growth ▲32.6%

Profit

−£91.1k

Growth ▼18460%

Profit margin

−162.4%

Gross −44.4%

Employees

Change ▲100%

Profit / employee

−£45.5k

Revenue/employee £28k

Profitable streak

0yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 May 2022	31 May 2023	31 May 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£16k	£42.3k	£56.1k
Cost of sales	£6.8k	£8.9k	£81k
Gross profit	£10.1k	£33.4k	−£24.9k
Operating profit	£115	£496	−£91.1k
Profit before tax	£115	£496	−£91.1k
Profit after tax	£115	£496	−£91.1k
Profit (best available)	£115	£496	−£91.1k
Employees (average)	1	1	2
Ratios
Profit margin	0.7%	1.2%	−162.4%
Gross margin	63.3%	78.9%	−44.4%
Revenue per employee	£16k	£42.3k	£28k
Profit per employee	£115	£496	−£45.5k
Growth (year on year)
Revenue growth	—	▲165.2%	▲32.6%
Profit growth	—	▲331.3%	▼18460%
Headcount growth	—	0%	▲100%
Balance sheet — indirect signals, not revenue
Cash at bank	—	£496	—
Net assets	−£13.2k	−£12.7k	−£91k
Fixed assets	£100	£100	£100
Current assets	—	£496	£49k
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2025

Derived from the latest filing

How the business works

Profit margin: −162.4%; Profit ÷ revenue.
Gross margin: −44.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £28k; Revenue ÷ average employees.
Profit per employee: −£45.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.2%; 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.

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: —; Now −£91k
Cash at bank: —; Now —
Headcount: ▲100%; Now 2
Deferred income: —; Now —
Fixed assets: 0%; Now £100

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2024 (profit −£91.1k), from the Companies House accounts bulk data published Feb 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.