LYONS DAVIDSON LIMITED
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Next accounts due
2026-08-31 (in 3mo)
Last filed for 2024-11-30
Confirmation statement due
2027-01-18 (in 8mo)
Last made up 2026-01-04
Watchouts
None on the register
Cash
£947K
-8.2% vs 2023
Net assets
-£10M
-44.3% vs 2023
Employees
536
-5% vs 2023
Profit before tax
-£3M
+31.5% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-11-30
| Metric | Trend | 2023-11-30 | 2024-11-30 |
|---|---|---|---|
| Turnover | £26,365,053 | £28,007,059 | |
| Operating profit | -£3,981,956 | -£2,053,801 | |
| Profit before tax | -£4,668,467 | -£3,199,452 | |
| Net profit | -£4,091,114 | -£2,976,871 | |
| Cash | £1,030,918 | £946,675 | |
| Total assets less current liabilities | £45,492,917 | £40,624,067 | |
| Net assets | -£6,713,472 | -£9,690,343 | |
| Equity | -£6,713,472 | -£9,690,343 | |
| Average employees | 564 | 536 | |
| Wages | £16,232,788 | £16,471,437 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-11-30 | 2024-11-30 |
|---|---|---|---|
| Operating margin | -15.1% | -7.3% | |
| Net margin | -15.5% | -10.6% | |
| Return on capital employed | -8.8% | -5.1% | |
| Current ratio | 2.40x | 2.25x | |
| Interest cover | -7.87x | -2.13x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident that the steps that they have taken to mitigate associated risk will ensure that the group is well positioned to continue to trade throughout the current economic environment and for the foreseeable future. They have therefore concluded that there is no material uncertainty about the ability of the group to continue as a going concern and that it remains appropriate to prepare the financial statements on a going concern basis.”
Group structure
- LYONS DAVIDSON LIMITED · parent
- Lyons Davidson Scotland LLP 100%
- Lyons Davidson Trustee Company Limited 100%
- FD Licensing Limited 100%
- Lyons ABS Limited 100%
- Lydaco Financial Services Limited 100%
- National Law Associates LLP 100%
- File Dynamics Limited 100%
- Lydaco Nominees Limited 100%
- Nascott Wood & Co Limited 100%
- Collision Investigators Limited 100%
- Whiplash Education and Research Limited 100%
- Active Case Managers Limited 100%
- Admiral Law Limited 5%
- AA Law Limited 51%
Significant events
- “The financial year 2024 saw a return to profit at an EBITDA level to total a positive £0.7m before its share of results in associates. Revenue increased by 6% to £28.0m on the back of increased referrals and improved settlement rates.”
- “The bank debt reduced by a further £1.3m from the original borrowing of £7.5m down to £5.3m and this is forecast to reduce down to below £2.5m by the end of FY25.”
- “Growth continued within our target area of Home and Commercial Legal Expenses referrals, with the maturing of claims levels on existing policy books as well as new work being referred in to the business. In line with our strategy this area is now the largest division within the business, accounting for 39% of revenue in FY24.”
- “FY24 saw an improvement in settlement rates and fees within the Injury Division as a result of the focus on litigation in the pre reform work.”
- “Our IT and Software subsidiary, File Dynamics Limited, continued to develop with existing customers. Our development team is also focusing on the application of AI within our processes and the use of AI agents for management of tasks.”
- “Two premises leases ended in October 24, reducing our premises costs by £0.4m pa going forward and we are taking further steps to change our property profile.”
- “During the year we continued to pursue a further claim in relation to our Business Interruption Insurance, which was settled successfully through mediation with a further payment of £2.5m in FY25.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRIFFITHS, Aled Wyn | Director | 2025-11-17 | Jul 1978 | British |
| LENNAGHAN, Michelle Louise | Director | 2011-06-30 | Jun 1974 | British |
| SAVILL, Mark | Director | 2011-06-30 | Jan 1967 | British |
| SQUIRE, Richard James | Director | 2011-04-05 | Oct 1955 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DELANEY, Nicholas John | Secretary | 2011-04-05 | 2016-04-01 |
| BANBURY, Gillian Angela | Director | 2018-01-22 | 2025-11-17 |
| DELANEY, Nicholas John | Director | 2011-08-10 | 2016-04-01 |
| DELANEY, Nicholas John | Director | 2011-06-28 | 2011-06-30 |
| DELANEY, Nicholas John | Director | 2011-04-05 | 2011-05-24 |
| EWING, Mark | Director | 2011-06-30 | 2014-06-16 |
| HEWITT, Alexandra Anne Louise | Director | 2012-10-15 | 2025-07-30 |
| NAYLOR, Thomas Barry | Director | 2011-06-30 | 2012-10-15 |
| ROWE, Bernard Vince | Director | 2011-05-24 | 2015-09-15 |
| STILL, Trevor Antony | Director | 2011-06-30 | 2015-09-15 |
| WRIGHT, Jake Hockley | Director | 2014-01-17 | 2014-05-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ld Group Holdings Limited | Corporate entity | Shares 50–75%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 128 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-05-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-27 | AA | accounts | Accounts with accounts type group | |
| 2025-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-09 | AA01 | accounts | Change account reference date company current extended | |
| 2024-08-30 | AA | accounts | Accounts with accounts type group | |
| 2024-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-28 | AA | accounts | Accounts with accounts type group | |
| 2023-08-24 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-31 | AA | accounts | Accounts with accounts type group | |
| 2022-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-09-06 | AA | accounts | Accounts with accounts type group | |
| 2021-05-12 | RESOLUTIONS | resolution | Resolution | |
| 2021-05-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-04-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-11-30 vs 2023-11-30
-
Turnover
+6.2%
£26,365,053 £28,007,059
-
Cash
-8.2%
£1,030,918 £946,675
-
Net assets
-44.3%
-£6,713,472 -£9,690,343
-
Employees
-5%
564 536
-
Operating profit
+48.4%
-£3,981,956 -£2,053,801
-
Profit before tax
+31.5%
-£4,668,467 -£3,199,452
-
Wages
+1.5%
£16,232,788 £16,471,437
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers