Iag Loyalty Retail Limited
Registered name: IAG LOYALTY RETAIL LIMITED
Part of The Law Debenture Corporation P.L.C. groupIag Loyalty Retail Limited made £7.4m revenue and a £2.8m loss in the year to 31 Dec 2025.
Iag Loyalty Retail Limited’s revenue fell 15% to £7.4m in the year to 31 Dec 2025, with a loss of £2.8m and 23 employees. The company is classified under “retail sale via mail order houses or via internet” and is based in Harmondsworth; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Harmondsworth
- Age
- 4 yrs · since 2022
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £6.4m | £8.8m | £7.4m |
| Cost of sales | −£4.2m | −£5.7m | −£4.2m |
| Gross profit | £2.2m | £3.1m | £3.2m |
| Operating profit | −£3.4m | −£3.7m | −£3.2m |
| Profit before tax | −£3.8m | −£4.4m | −£3.9m |
| Profit after tax | −£3m | −£3.5m | −£2.8m |
| Profit (best available) | −£3m | −£3.5m | −£2.8m |
| Employees (average) | 14 | 17 | 23 |
| Ratios | |||
| Profit margin | −46.8% | −39.8% | −37.6% |
| Gross margin | 34.5% | 35.1% | 43.5% |
| Revenue per employee | £457k | £517k | £324k |
| Profit per employee | −£214k | −£206k | −£122k |
| Growth (year on year) | |||
| Revenue growth | — | ▲37.4% | ▼15.3% |
| Headcount growth | — | ▲21.4% | ▲35.3% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2026 |
How the business works
- Profit margin
- −37.6%
- Profit ÷ revenue.
- Gross margin
- 43.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £324k
- Revenue ÷ average employees.
- Profit per employee
- −£122k
- 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 —
- Cash at bank
- —
- Now —
- Headcount
- ▲35%
- Now 23
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- The Law Debenture Corporation P.L.C.ultimate parent75–100%
- LDC (NCS) Limited75–100%
- British Airways PLC75–100%
- Avios Group (Agl) Limited75–100%
- Iag Loyalty Retail Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- British Airways Holidays LimitedFigures not disclosed
- Iag Loyalty LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£2.8m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.