How much does Lyon & Turnbull Limited make?

Lyon & Turnbull Limited reported revenue of £7.7m and £138k profit in the year to 31 Jul 2025, according to its accounts filed at Companies House.

How many employees does Lyon & Turnbull Limited have?

Lyon & Turnbull Limited reported an average of 75 employees in the year to 31 Jul 2025.

Is Lyon & Turnbull Limited profitable?

Yes — Lyon & Turnbull Limited reported a profit of £138k in the year to 31 Jul 2025.

Company No. SC191166 · Incorporated 16 Nov 1998

Lyon & Turnbull Limited

Registered name: LYON & TURNBULL LIMITED

Part of Iona Acquisition Limited group

Lyon & Turnbull Limited made £7.7m revenue and £138k profit in the year to 31 Jul 2025. read from filing text

Lyon & Turnbull Limited’s revenue grew 4% to £7.7m in the year to 31 Jul 2025, with £138k profit and 75 employees. The company is classified under “retail sale of antiques including antique books in stores” and is based in Midlothian; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47791Retail sale of antiques including antique books in stores

Status: Active
Location: Midlothian, Scotland
Age: 27 yrs · since 1998
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: “The company's immediate and ultimate parent undertaking is Iona Acquisition Limited, incorporated in England. This company is the smallest and largest group for which consolidated financial statements”

Latest accounts · year to 31 Jul 2025

Key figures

Cash flow filed

Revenue

£7.7m

Growth ▲4.4%

Profit

£138k

Growth ▼72.1%

Profit margin

1.8%

Gross 79.1%

Employees

Change ▲11.9%

Profit / employee

£1.8k

Revenue/employee £103k

Profitable streak

4yrs

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 Jul 2022	31 Jul 2023	31 Jul 2024	31 Jul 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£8m	£6.6m	£7.4m	£7.7m
Cost of sales	£1.3m	£1.4m	£1.6m	£1.6m
Gross profit	£6.7m	£5.3m	£5.8m	£6.1m
Operating profit	£2.4m	£605k	£608k	£195k
Profit before tax	£2.4m	£608k	£692k	£230k
Profit after tax	£1.9m	£438k	£494k	£138k
Profit (best available)	£1.9m	£438k	£494k	£138k
Staff costs	£2.7m	£2.8m	£3m	£3.5m
Employees (average)	61	66	67	75
Ratios
Profit margin	24.3%	6.6%	6.7%	1.8%
Gross margin	83.3%	79%	79%	79.1%
Revenue per employee	£132k	£101k	£110k	£103k
Profit per employee	£31.9k	£6.6k	£7.4k	£1.8k
Cash conversion	−104.3%	78.4%	89.9%	−588.4%
Growth (year on year)
Revenue growth	—	▼17.3%	▲11.4%	▲4.4%
Profit growth	—	▼77.5%	▲13%	▼72.1%
Headcount growth	—	▲8.2%	▲1.5%	▲11.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.5m	£3.9m	£213k	£732k
Net assets	£5.7m	£5.3m	£5.7m	£5.7m
Fixed assets	£2.9m	£3.4m	£3.6m	£3.4m
Current assets	£7.2m	£4.1m	£4.5m	£4.8m
Debtors	£518k	£102k	£1.3m	£1.5m
Deferred income	£962k	£544k	£381k	£237k
Cash from operations	−£2.6m	£474k	£546k	−£1.1m
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: 1.8%; Profit ÷ revenue.
Gross margin: 79.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £103k; Revenue ÷ average employees.
Profit per employee: £1.8k; Profit ÷ average employees.
Cash conversion: −588.4%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 44.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.9%; 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: ▼0%; Now £5.7m
Cash at bank: ▲244%; Now £732k
Headcount: ▲12%; Now 75
Deferred income: ▼38%; Now £237k
Fixed assets: ▼5%; Now £3.4m

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

Iona Acquisition Limitedultimate parent75–100%
Lyon & Turnbull Limitedthis company

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

Subsidiaries (1)

L&T Auctions UK LimitedFigures not disclosed

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 Jul 2025 (profit £138k), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.

Updated from Companies House on 24 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.