Lagan Specialist Utilities Limited
Registered name: LAGAN SPECIALIST UTILITIES LIMITED
Part of Lagan Specialist Utilities & Maintenance Group Limited groupLagan Specialist Utilities Limited made £12.2m revenue and a £1.1m loss in the year to 31 Mar 2025.
Lagan Specialist Utilities Limited’s revenue fell 44% to £12.2m in the year to 31 Mar 2025, with a loss of £1.1m and 55 employees. The company is classified under “construction of other civil engineering projects” and is based in Belfast; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 37 yrs · since 1989
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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) | £34.8m | £34.2m | £21.8m | £12.2m |
| Cost of sales | £31.5m | £30m | £17.5m | £10.3m |
| Gross profit | £3.2m | £4.2m | £4.3m | £1.9m |
| Operating profit | — | £1.3m | £1.6m | −£1.1m |
| Profit before tax | £1.2m | £1.3m | £1.5m | −£1.1m |
| Profit after tax | £1.2m | £1.3m | £859k | −£1.1m |
| Profit (best available) | £1.2m | £1.3m | £859k | −£1.1m |
| Employees (average) | 73 | 79 | 0 | 55 |
| Ratios | ||||
| Profit margin | 3.6% | 3.8% | 3.9% | −8.9% |
| Gross margin | 9.3% | 12.3% | 19.6% | 15.9% |
| Revenue per employee | £476k | £433k | — | £223k |
| Profit per employee | £17k | £16.3k | — | −£19.8k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼1.6% | ▼36.3% | ▼43.8% |
| Profit growth | — | ▲3.4% | ▼33.2% | ▼226.8% |
| Headcount growth | — | ▲8.2% | ▼100% | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £0 | £3.5m | £3.8m | £2m |
| Net assets | £3.3m | £4.6m | £3.5m | £2.4m |
| Fixed assets | £36.4k | £100 | — | — |
| Current assets | £13.7m | £11.6m | £11.7m | £7.9m |
| Debtors | £3.8m | £2m | £3.6m | £3m |
| Deferred income | £1.5m | £3.7m | £3.1m | £3.7m |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −8.9%
- Profit ÷ revenue.
- Gross margin
- 15.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £223k
- Revenue ÷ average employees.
- Profit per employee
- −£19.8k
- 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
- 30.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 24.8%
- 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
- ▼31%
- Now £2.4m
- Cash at bank
- ▼48%
- Now £2m
- Headcount
- —
- Now 55
- Deferred income
- ▲21%
- Now £3.7m
- Fixed assets
- —
- Now —
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
- Lagan Specialist Utilities & Maintenance Group Limitedultimate parent75–100%
- Lagan Specialist Utilities Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Charles Brand M&E LimitedFigures not disclosed
- Charles Brand Utilities LtdFigures not disclosed
Sister companies (2)
- Lagan Operations & Maintenance LimitedRev. £8.7m · Profit £1.5m
- Lom Materials LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£1.1m), from the Companies House accounts bulk data published Dec 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.