LF Holdco 2 Ltd
Registered name: LF HOLDCO 2 LTD
Part of Averon Park Limited groupLF Holdco 2 Ltd made £3.2m revenue and a £45.3m loss in the year to 31 Mar 2025. read from filing text
LF Holdco 2 Ltd’s revenue was £3.2m in the year to 31 Mar 2025, with a loss of £45.3m and 148 employees. The company is classified under “activities of other holding companies” and is based in Polegate.
- Status
- Active
- Location
- Polegate, South East
- Age
- 2 yrs · since 2024
- 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 parent company of LF Holdco 2 Limited is Foresight Fibre Holdco Limited, a company incorporated in England and Wales and whose registered office is The Shard C/O Foresight Fibre Holdco Limited, 32”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2025 |
|---|---|
| Disclosure | Full P&Lread from filing text |
| Profit & loss | |
| Revenue (turnover) | £3.2m |
| Cost of sales | £618k |
| Gross profit | £2.6m |
| Operating profit | −£44m |
| Profit before tax | −£45.3m |
| Profit after tax | −£45.3m |
| Profit (best available) | −£45.3m |
| Staff costs | £5.1m |
| Employees (average) | 148 |
| Ratios | |
| Profit margin | −1404% |
| Gross margin | 80.8% |
| Revenue per employee | £21.8k |
| Profit per employee | −£306k |
| Balance sheet — indirect signals, not revenue | |
| Cash at bank | £1.2m |
| Net assets | −£42.8m |
| Fixed assets | £7.3m |
| Current assets | £2.5m |
| Debtors | £94.2k |
| Deferred income | £250k |
| Source | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- −1404%
- Profit ÷ revenue.
- Gross margin
- 80.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £21.8k
- Revenue ÷ average employees.
- Profit per employee
- −£306k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 225.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 7.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.9%
- 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 −£42.8m
- Cash at bank
- —
- Now £1.2m
- Headcount
- —
- Now 148
- Deferred income
- —
- Now £250k
- Fixed assets
- —
- Now £7.3m
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
- Averon Park Limitedultimate parent75–100%
- Blackmead Infrastructure Limited75–100%
- Foresight Fibre Holdco Limited75–100%
- LF Holdco 2 Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- F & W Networks LtdRev. — · Profit −£2.5m
- Fibre Assets Holdco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£45.3m), from the Companies House accounts bulk data published Feb 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.