Lace Bidco Limited
Registered name: LACE BIDCO LIMITED
Part of Lace Topco Limited groupLace Bidco Limited made £948k revenue and a £1.2m loss in the year to 30 Nov 2024.
Lace Bidco Limited’s revenue grew 27% to £948k in the year to 30 Nov 2024, with a loss of £1.2m and 3 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 3 yrs · since 2022
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 22 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £746k | £948k |
| Operating profit | — | −£21.6k | £1.6k |
| Profit before tax | — | −£1.8m | −£1.4m |
| Profit after tax | — | −£1.7m | −£1.2m |
| Profit (best available) | — | −£1.7m | −£1.2m |
| Staff costs | — | £687k | £874k |
| Employees (average) | 0 | 3 | 3 |
| Ratios | |||
| Profit margin | — | −222.1% | −130.8% |
| Revenue per employee | — | £249k | £316k |
| Profit per employee | — | −£552k | −£414k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲27.1% |
| Headcount growth | — | — | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | — | £20.8k | £16.5k |
| Net assets | — | −£1.6m | −£2.9m |
| Fixed assets | — | £23.7m | £23.7m |
| Current assets | — | £810k | £467k |
| Debtors | — | £789k | £450k |
| Deferred income | — | £0 | £20.8k |
| Source | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Jul 2025 |
How the business works
- Profit margin
- −130.8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £316k
- Revenue ÷ average employees.
- Profit per employee
- −£414k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2496%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 47.5%
- 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 −£2.9m
- Cash at bank
- ▼21%
- Now £16.5k
- Headcount
- 0%
- Now 3
- Deferred income
- —
- Now £20.8k
- Fixed assets
- ▼0%
- Now £23.7m
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
- Lace Topco Limitedultimate parent75–100%
- Lace Midco Limited75–100%
- Lace Bidco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Lace Partners LimitedRev. £12.3m · Profit £2.1m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Nov 2024 (profit −£1.2m), from the Companies House accounts bulk data published Jul 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.