Lumishore Limited
Registered name: LUMISHORE LIMITED
Part of Garmin Ltd groupLumishore Limited made £9.4m revenue and £7.4m profit in the year to 28 Dec 2024. read from filing text
Lumishore Limited’s revenue grew 3% to £9.4m in the year to 28 Dec 2024, with £7.4m profit and 50 employees. The company is classified under “dormant company” and is based in Swansea; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Swansea, Wales
- Age
- 18 yrs · since 2007
- 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. From the filing: “Garmin (Europe) Limited, a company incorporated in the UK, is the immediate parent undertaking.Garmin Limited, a company incorporated in Switzerland, is the company's ultimate parent undertaking and c”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 28 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £8.4m | £9.1m | £9.4m |
| Cost of sales | £4.9m | £5.2m | £4.8m |
| Gross profit | £3.6m | £3.9m | £4.6m |
| Operating profit | £2.1m | £2.1m | £1.6m |
| Profit before tax | £2.1m | £2.1m | £7.8m |
| Profit after tax | £1.8m | £1.8m | £7.4m |
| Profit (best available) | £1.8m | £1.8m | £7.4m |
| Staff costs | £1.8m | £2m | £2.5m |
| Employees (average) | 46 | 52 | 50 |
| Ratios | |||
| Profit margin | 21.8% | 19.2% | 78.9% |
| Gross margin | 42.2% | 43% | 48.7% |
| Revenue per employee | £183k | £176k | £189k |
| Profit per employee | £40k | £33.7k | £149k |
| Growth (year on year) | |||
| Revenue growth | — | ▲8.2% | ▲3.3% |
| Profit growth | — | ▼4.7% | ▲324.2% |
| Headcount growth | — | ▲13% | ▼3.9% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £961k | £1m | £1.7m |
| Net assets | £2.4m | £2.1m | £2.1m |
| Fixed assets | £929k | £1.9m | £1.2m |
| Current assets | £5.3m | £5.4m | £5.6m |
| Debtors | £967k | £1.3m | £437k |
| Deferred income | £0 | £112k | £0 |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 78.9%
- Profit ÷ revenue.
- Gross margin
- 48.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £189k
- Revenue ÷ average employees.
- Profit per employee
- £149k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 13.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.6%
- 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
- ▼2%
- Now £2.1m
- Cash at bank
- ▲64%
- Now £1.7m
- Headcount
- ▼4%
- Now 50
- Deferred income
- ▼100%
- Now £0
- Fixed assets
- ▼33%
- Now £1.2m
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
- Garmin Ltd (registered outside the UK register)ultimate parent75–100%
- Garmin (Europe) Limited75–100%
- Lumishore Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Global Lighting & Vision Systems LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 28 Dec 2024 (profit £7.4m), 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.