Lloyds Development Capital (Holdings) Limited
Registered name: LLOYDS DEVELOPMENT CAPITAL (HOLDINGS) LIMITED
Part of Lloyds Banking Group PLC groupLloyds Development Capital (Holdings) Limited made £350m revenue and £271m profit in the year to 31 Dec 2024.
Lloyds Development Capital (Holdings) Limited’s revenue grew 12% to £350m in the year to 31 Dec 2024, with £271m profit. The company is classified under “other business support service activities” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 53 yrs · since 1973
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £313m | £350m |
| Operating profit | £309m | £347m |
| Profit before tax | £233m | £253m |
| Profit after tax | £215m | £271m |
| Profit (best available) | £215m | £271m |
| Employees (average) | — | — |
| Ratios | ||
| Profit margin | 68.6% | 77.3% |
| Growth (year on year) | ||
| Revenue growth | — | ▲11.8% |
| Profit growth | — | ▲25.9% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 77.3%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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 —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Lloyds Banking Group PLCultimate parent75–100%
- LBG Equity Investments Limited75–100%
- Lloyds Development Capital (Holdings) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (7)
- LDC (General Partner) LimitedFigures not disclosed
- LDC (Managers) LimitedFigures not disclosed
- LDC (Nominees) LimitedFigures not disclosed
- LDC Parallel (Nominees) LimitedFigures not disclosed
- Lpe Financial Group LimitedFigures not disclosed
- Onapp (Topco) LimitedFigures not disclosed
- Stratus (Holdings) LimitedFigures not disclosed
Sister companies (8)
- Citra Living LimitedFigures not disclosed
- Housing Growth Partnership GP LLPFigures not disclosed
- Housing Growth Partnership II GP LLPFigures not disclosed
- Housing Growth Partnership III GP LLPFigures not disclosed
- Housing Growth Partnership Manager LimitedFigures not disclosed
- Leil Virgo Holdco LimitedFigures not disclosed
- Mbna Europe Holdings LimitedFigures not disclosed
- Uberior Investments LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £271m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 22 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.