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Company No. NI016805 · Incorporated 30 Jun 1983

Lagan Homes Limited

Registered name: LAGAN HOMES LIMITED

Part of Lagan Homes England Group Limited group

Lagan Homes Limited made £15.5m revenue and a £1.2m loss in the year to 31 Dec 2024.

Lagan Homes Limited’s revenue grew 336% to £15.5m in the year to 31 Dec 2024, with a loss of £1.2m and 51 employees. The company is classified under “construction of domestic buildings” and is based in Belfast; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41202Construction of domestic buildings
Status
Active
Location
Belfast, Northern Ireland
Age
43 yrs · since 1983
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 Dec 2024

Key figures

Revenue
£15.5m
Growth ▲335.7%
Profit
−£1.2m
Growth —
Profit margin
−7.7%
Gross 12.9%
Employees
51
Change ▲4.1%
Profit / employee
−£23.5k
Revenue/employee £304k
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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 2024
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£3.6m£15.5m
Cost of sales£3.5m£13.5m
Gross profit£22.7k£2m
Operating profit−£795k£103k
Profit before tax−£1.2m−£1.2m
Profit after tax−£1.4m−£1.2m
Profit (best available)−£1.4m−£1.2m
Staff costs£392k£748k
Employees (average)4951
Ratios
Profit margin−38%−7.7%
Gross margin0.6%12.9%
Revenue per employee£72.5k£304k
Profit per employee−£27.6k−£23.5k
Growth (year on year)
Revenue growth—▲335.7%
Headcount growth—▲4.1%
Balance sheet — indirect signals, not revenue
Cash at bank£105k£445k
Net assets£22.6m£21.4m
Fixed assets£16.3m£18.6m
Current assets£29.2m£27.9m
Debtors£788k£532k
SourceFullAccounts · bulk data Sep 2025FullAccounts · bulk data Sep 2025
Derived from the latest filing

How the business works

Profit margin
−7.7%
Profit ÷ revenue.
Gross margin
12.9%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£304k
Revenue ÷ average employees.
Profit per employee
−£23.5k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
120%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
3.4%
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
▼5%
Now £21.4m
Cash at bank
▲324%
Now £445k
Headcount
▲4%
Now 51
Deferred income
—
Now —
Fixed assets
▲14%
Now £18.6m
Corporate ownership

Group structure

Ownership chain

  1. Lagan Homes England Group Limitedultimate parent75–100%
  2. Lagan Homes Limitedthis company

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

Subsidiaries (13)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£1.2m), from the Companies House accounts bulk data published Sep 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.