LYON & TURNBULL LIMITED
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Cash
£732K
+243.7% vs 2024
Net assets
£5.7M
-0.2% vs 2024
Employees
75
+11.9% vs 2024
Profit before tax
£230K
-66.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-07-31
| Metric | Trend | 2024-07-31 | 2025-07-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £7,399,824 | £7,722,737 | +4.4% | |
| Operating profit | £607,550 | £195,099 | -67.9% | |
| Profit before tax | £692,455 | £230,118 | -66.8% | |
| Net profit | £494,334 | £137,921 | -72.1% | |
| Cash | £213,043 | £732,206 | +243.7% | |
| Total assets less current liabilities | £6,073,828 | £5,998,844 | -1.2% | |
| Net assets | £5,682,610 | £5,670,531 | -0.2% | |
| Equity | £5,682,610 | £5,670,531 | -0.2% | |
| Average employees | 67 | 75 | +11.9% | |
| Wages | £2,476,917 | £2,969,050 | +19.9% | |
| Directors' remuneration | £636,279 | £690,862 | +8.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-07-31 | 2025-07-31 |
|---|---|---|---|
| Operating margin | 8.2% | 2.5% | |
| Net margin | 6.7% | 1.8% | |
| Return on capital employed | 10.0% | 3.3% | |
| Gearing (liabilities / total assets) | 29.6% | 31.2% | |
| Current ratio | 2.24x | 2.15x | |
| Interest cover | 24.25x | 18.00x |
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.
Name history
Renamed 2 times since incorporation
- LYON & TURNBULL LIMITED 1999-04-13 → present
- SALTIRE 2000 LIMITED 1999-02-11 → 1999-04-13
- DUNWILCO (681) LIMITED 1998-11-16 → 1999-02-11
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- LYON & TURNBULL LIMITED · parent
- Lyon and Turnbull Hong Kong Limited 100%
- L&T Auctions UK Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BREMNER, William Alexander | Secretary | 2023-12-18 | — | — |
| ARMOUR, Campbell Grant | Director | 1999-08-03 | Jul 1961 | British |
| BREMNER, William Alexander | Director | 2023-12-05 | Nov 1973 | British |
| CURNOW, Nicholas Ward | Director | 1999-08-03 | Sep 1949 | British |
| DOVE, Alexandra | Director | 2020-12-17 | Feb 1982 | British |
| MACKIE, John Ross | Director | 1999-08-03 | May 1962 | British |
| MACKINNON, Iain Francis | Director | 2023-03-09 | Aug 1959 | British |
| ROBERTS, Paul Simon | Director | 1999-11-16 | Mar 1949 | British |
| SMITH, Philip | Director | 2023-03-09 | May 1983 | British |
| STRANG, Gavin Robert | Director | 2007-08-24 | Dec 1971 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARMOUR, Campbell Grant | Secretary | 1999-11-16 | 2014-10-08 |
| MCFADDEN, Mhairi | Secretary | 2014-10-08 | 2023-12-18 |
| D.W. COMPANY SERVICES LIMITED | Corporate Secretary | 1998-11-16 | 1999-02-03 |
| HOWE SECURITIES LIMITED | Corporate Secretary | 1999-02-03 | 1999-08-03 |
| BROWN, Roger Thomas | Director | 2023-03-09 | 2024-07-29 |
| CRAWFORD, Douglas James | Director | 1998-11-16 | 1999-02-03 |
| DICK, Brian Booth | Director | 1999-02-03 | 1999-08-03 |
| DOERR, Rachel Anne | Director | 2007-08-24 | 2015-04-20 |
| GROSSART, Angus Mcfarlane Mcleod, Sir | Director | 1999-08-03 | 2022-05-13 |
| GROSVENOR, Bendor, Dr | Director | 2017-12-01 | 2020-12-04 |
| HOOK, Christian Robert Macnachtan | Director | 1999-02-03 | 1999-09-03 |
| KYLE, Trevor Henry | Director | 1999-08-03 | 2018-03-20 |
| MCFADDEN, Mhairi | Director | 2013-10-30 | 2023-09-01 |
| POLSON, Michael Buchanan | Director | 1998-11-16 | 1999-02-03 |
| YOUNG, Lee | Director | 2013-10-30 | 2017-11-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Iona Acquisition Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-07-29 | Active |
| Mr Nicholas Curnow | Individual | Shares 25–50% | 2016-11-16 | Ceased 2024-07-29 |
| Noble Grossart Investments Limited | Corporate entity | Shares 25–50% | 2016-11-16 | Ceased 2024-07-29 |
Filing timeline
Last 20 of 143 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-13 MA Memorandum articles
- 2024-08-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-24 | AA | accounts | Accounts with accounts type full | |
| 2025-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-23 | CH01 | officers | Change person director company with change date | |
| 2025-08-08 | CH01 | officers | Change person director company with change date | |
| 2025-03-21 | AA | accounts | Accounts with accounts type full | |
| 2024-11-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-13 | MA | incorporation | Memorandum articles | |
| 2024-08-13 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-24 | AA | accounts | Accounts with accounts type full | |
| 2023-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-12-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-12-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-21 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.