How much does F K Lowry Limited make?

F K Lowry Limited reported revenue of £6.8m and a loss of £984k in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does F K Lowry Limited have?

F K Lowry Limited reported an average of 34 employees in the year to 31 Mar 2025.

Is F K Lowry Limited profitable?

No — F K Lowry Limited reported a loss of £984k in the year to 31 Mar 2025.

Company No. NI015250 · Incorporated 23 Nov 1981

F K Lowry Limited

Registered name: F K LOWRY LIMITED

Part of Lagan Ground Engineering Holdings Limited group

F K Lowry Limited made £6.8m revenue and a £984k loss in the year to 31 Mar 2025.

F K Lowry Limited’s revenue fell 54% to £6.8m in the year to 31 Mar 2025, with a loss of £984k and 34 employees. The company is classified under “site preparation” and is based in Belfast; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43120Site preparation SIC 43999Other specialised construction activities n.e.c.

Status: Active
Location: Belfast, Northern Ireland
Age: 44 yrs · since 1981
Type: Private Limited Company

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.

Latest accounts · year to 31 Mar 2025

Key figures

Capital-light

Revenue

£6.8m

Growth ▼54%

Profit

−£984k

Growth ▼457.7%

Profit margin

−14.4%

Gross −7.9%

Employees

Change —

Profit / employee

−£28.9k

Revenue/employee £201k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£15.1m	£12.6m	£14.8m	£6.8m
Cost of sales	£13.9m	£11.4m	£13.4m	£7.4m
Gross profit	£1.2m	£1.2m	£1.4m	−£538k
Profit before tax	£348k	£30.1k	£247k	−£1.3m
Profit after tax	£402k	−£15.2k	£275k	−£984k
Profit (best available)	£402k	−£15.2k	£275k	−£984k
Employees (average)	43	40	0	34
Ratios
Profit margin	2.7%	−0.1%	1.8%	−14.4%
Gross margin	8.1%	9.3%	9.5%	−7.9%
Revenue per employee	£352k	£314k	—	£201k
Profit per employee	£9.3k	−£381	—	−£28.9k
Growth (year on year)
Revenue growth	—	▼17%	▲18.2%	▼54%
Profit growth	—	▼103.8%	—	▼457.7%
Headcount growth	—	▼7%	▼100%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£4.3m	£2.3m	£1.2m	£581k
Net assets	£5.7m	£3.9m	£3.1m	£2m
Fixed assets	£725k	£725k	£725k	£4
Current assets	£7.5m	£5.5m	£4.7m	£3.6m
Debtors	£868k	£865k	£949k	£242k
Deferred income	£1.3m	£648k	£625k	£545k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: −14.4%; Profit ÷ revenue.
Gross margin: −7.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £201k; Revenue ÷ average employees.
Profit per employee: −£28.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.5%; 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: ▼34%; Now £2m
Cash at bank: ▼52%; Now £581k
Headcount: —; Now 34
Deferred income: ▼13%; Now £545k
Fixed assets: ▼100%; Now £4

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Lagan Ground Engineering Holdings Limited (registered outside the UK register)ultimate parent75–100%
F K Lowry Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£984k), 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.