LYCAMOBILE UK LIMITED
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Next accounts due
2025-12-30
Overdue
Confirmation statement due
2026-08-25 (in 3mo)
Last made up 2025-08-11
Watchouts
Cash
£816K
-40% vs 2022
Net assets
-£30M
-308.2% vs 2022
Employees
97
+36.6% vs 2022
Profit before tax
-£38M
-54.3% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-30.
-
Material uncertainty over going concern
Management's forecast for the going concern period indicates that in order to remain a going concern, the company will need to be able to collect its related party debtors or would need to be able to rely upon the financial support from the group should it be required. We were unable to obtain sufficient and appropriate audit evidence on the recoverability of the related party debtor balances and assumptions included within the group's liquidity assessment were subject to high degree of uncertainty.
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Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
Net assets
3-year trend · vs Telecommunications median
Accounts
3-year trend · latest reflected 2023-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Turnover | — | £145,355,000 | £185,582,000 | |
| Operating profit | — | -£18,499,000 | -£32,793,000 | |
| Profit before tax | — | -£24,327,000 | -£37,542,000 | |
| Net profit | — | -£25,110,000 | -£44,455,000 | |
| Cash | — | £1,360,000 | £816,000 | |
| Total assets less current liabilities | — | £14,554,000 | -£30,296,000 | |
| Net assets | — | £14,554,000 | -£30,296,000 | |
| Equity | — | £14,554,000 | -£30,296,000 | |
| Average employees | — | 71 | 97 | |
| Wages | — | £13,758,000 | £22,743,000 | |
| Directors' remuneration | — | £1,007,000 | £2,275,086 |
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
Year-on-year
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
+27.7%
£145,355,000 £185,582,000
-
Cash
-40%
£1,360,000 £816,000
-
Net assets
-308.2%
£14,554,000 -£30,296,000
-
Employees
+36.6%
71 97
-
Operating profit
-77.3%
-£18,499,000 -£32,793,000
-
Profit before tax
-54.3%
-£24,327,000 -£37,542,000
-
Wages
+65.3%
£13,758,000 £22,743,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Operating margin | — | -12.7% | -17.7% | |
| Net margin | — | -17.3% | -24.0% | |
| Return on capital employed | — | -127.1% | 108.2% | |
| Gearing (liabilities / total assets) | — | 92.5% | 117.8% | |
| Current ratio | — | 1.05x | 0.81x | |
| Interest cover | — | -2.37x | -4.31x |
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
- Standalone (parent only)
- Auditor
- UHY Hacker Young
- Audit opinion
- Disclaimer of opinion
- Going concern
- Material uncertainty disclosed
“Management's forecast for the going concern period indicates that in order to remain a going concern, the company will need to be able to collect its related party debtors or would need to be able to rely upon the financial support from the group should it be required. We were unable to obtain sufficient and appropriate audit evidence on the recoverability of the related party debtor balances and assumptions included within the group's liquidity assessment were subject to high degree of uncertainty.”
Significant events
- “In September 2023, the Company encountered a significant Cyber Security incident that led to the unavailability of several servers within their UK data centre environment.”
- “The Company has embarked on a strategic transformation project in conjunction with its related parties which began during the year to the 31st December 2024.”
- “On the 18th July 2024, the First-Tier Tribunal made an in-principal decision based on important points of law as to how Lyca, and other telecommunication providers, should provide for VAT. The Tribunal granted Lyca leave to appeal, and the appeal is due to be heard in November 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PREMANANTHAN, Aiadurai Sivasamy | Director | 2013-12-05 | Jan 1963 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| REZA, Syeed Farhad | Secretary | 2007-02-01 | 2008-12-01 |
| SONI, Samir | Secretary | 2008-12-01 | 2018-04-20 |
| JERJERI PARA LTD | Corporate Secretary | 2006-08-11 | 2007-02-01 |
| BESWICK, Robert Andrew | Director | 2006-09-12 | 2011-06-08 |
| KANGLE, Milind Purushottam | Director | 2011-06-08 | 2014-02-14 |
| SUBASKARAN, Allirajah | Director | 2011-06-08 | 2025-06-13 |
| TOOLEY, Christopher Donald Michael | Director | 2020-12-23 | 2023-11-01 |
| OMEGA ACCOUNTANTS LTD | Corporate Director | 2006-08-11 | 2006-09-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Allirajah Subaskaran | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 86 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-08-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-28 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-08-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-01 | AA | accounts | Accounts with accounts type full | |
| 2024-03-13 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-03-12 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-13 | AA | accounts | Accounts with accounts type full | |
| 2022-09-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-07 | AA | accounts | Accounts with accounts type full | |
| 2021-08-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-01-12 | AA | accounts | Accounts with accounts type full | |
| 2020-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2020-08-21 | CH01 | officers | Change person director company with change date | |
| 2020-08-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-12-10 | AA | accounts | Accounts with accounts type full | |
| 2019-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.