Asset Services Group Limited
Registered name: ASSET SERVICES GROUP LIMITED
Part of Lloyds Banking Group PLC groupAsset Services Group Limited made £0 revenue and £29.6k profit in the year to 30 Nov 2025. read from filing text
Asset Services Group Limited’s revenue was £0 in the year to 30 Nov 2025, with £29.6k profit and 1 employee. The company is classified under “other telecommunications activities” and is based in Ferndown; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Ferndown, South West
- Age
- 5 yrs · since 2021
- 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 company's immediate and ultimate parent company is Project Penny Limited, a company registered in England and Wales, by virtue of their 100% shareholding. Copies of the consolidated financial stat”
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 | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 | 30 Nov 2025 |
|---|---|---|---|---|
| Disclosure | Profit only | Profit only | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £0 | £0 |
| Cost of sales | £3.7m | £4.9m | — | — |
| Operating profit | — | — | £108k | £37.4k |
| Profit before tax | — | £201k | −£56.6k | £37.4k |
| Profit after tax | £163k | £127k | −£56.6k | £29.6k |
| Profit (best available) | £163k | £127k | −£56.6k | £29.6k |
| Staff costs | £388k | £387k | £145k | — |
| Employees (average) | 4 | 4 | 1 | 1 |
| Ratios | ||||
| Profit margin | — | — | — | — |
| Revenue per employee | — | — | £0 | £0 |
| Profit per employee | £40.7k | £31.7k | −£56.6k | £29.6k |
| Growth (year on year) | ||||
| Profit growth | — | ▼22.3% | ▼144.7% | — |
| Headcount growth | — | 0% | ▼75% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £168k | £388k | £364k | £51.1k |
| Net assets | −£207k | −£80.4k | −£137k | −£107k |
| Fixed assets | £520k | £437k | £16.1m | £15.7m |
| Current assets | £606k | £614k | £497k | £194k |
| Debtors | £0 | £0 | £133k | £143k |
| Deferred income | £68.8k | £234k | £91.5k | £18.9k |
| Cash from operations | — | −£6m | — | — |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £0
- Revenue ÷ average employees.
- Profit per employee
- £29.6k
- 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
- —
- Now −£107k
- Cash at bank
- ▼86%
- Now £51.1k
- Headcount
- 0%
- Now 1
- Deferred income
- ▼79%
- Now £18.9k
- Fixed assets
- ▼2%
- Now £15.7m
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
- Lloyds Banking Group PLCultimate parent75–100%
- LBG Equity Investments Limited75–100%
- Lloyds Development Capital (Holdings) Limited75–100%
- LDC (General Partner) Limited75–100%
- LDC GP LLP75–100%
- Project Penny Limited75–100%
- Asset Services Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (4)
- Asset Services LimitedRev. £6.3m · Profit £248k
- Internet Communications (Services) LimitedRev. £4.4m · Profit £1.3m
- Best Business Services LimitedRev. £1.6m · Profit £583k
- PHD in Communications LimitedRev. £590k · Profit £241k
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £29.6k), from the Companies House accounts bulk data published Aug 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.