LYRECO UK LIMITED
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Cash
£35k
+16.7% vs 2024
Net assets
£33m
-18.9% lowest in 3 filed years
Employees
1,455
+14.5% highest in 3 filed years
Profit before tax
£1.5m
-82.4% lowest in 3 filed years
Watch the reel
Our short-form breakdown of LYRECO UK LIMITED's latest filing
Lyreco kept revenue flat at £320m, but an admin and headcount jump wiped out underlying operating profit. The dividend still went up. 📉📊
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £331,008,000 | £320,867,000 | £320,691,000 | -0.1% | |
| Operating profit | £6,084,000 | £8,280,000 | £1,782,000 | -78.5% | |
| Profit before tax | £6,134,000 | £8,484,000 | £1,492,000 | -82.4% | |
| Net profit | £4,266,000 | £6,683,000 | £526,000 | -92.1% | |
| Cash | £42,000 | £30,000 | £35,000 | +16.7% | |
| Total assets less current liabilities | £43,871,000 | £42,817,000 | £35,729,000 | -16.6% | |
| Net assets | £41,953,000 | £40,666,000 | £32,983,000 | -18.9% | |
| Equity | £41,953,000 | £40,666,000 | £32,983,000 | -18.9% | |
| Average employees | 1,305 | 1,271 | 1,455 | +14.5% | |
| Wages | £45,854,000 | £46,428,000 | £55,234,000 | +19% | |
| Directors' remuneration | £283,000 | £311,000 | £376,000 | +20.9% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 1.8% | 2.6% | 0.6% | |
| Net margin | 1.3% | 2.1% | 0.2% | |
| Return on capital employed | 13.9% | 19.3% | 5.0% | |
| Gearing (liabilities / total assets) | — | 60.8% | 69.0% | |
| Current ratio | 1.42x | 1.38x | 1.23x | |
| Interest cover | — | — | 5.59x |
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
- LYRECO UK LIMITED 2000-01-04 → present
- OFFICE INTERNATIONAL LIMITED 1988-05-03 → 2000-01-04
- A.J. TODD & CO. LIMITED 1947-09-25 → 1988-05-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company's cash flow forecasts to 31 December 2027 project continued revenue growth and strong profit margins, enabling operation within current facilities. The immediate parent, Lyreco SAS, has formally committed to provide sufficient funding for at least 12 months, ensuring the company meets its liabilities. Directors are satisfied Lyreco SAS has resources to support the UK business.”
Significant events
- “Net assets decreased from £40,666,000 in 2024 to £32,983,000 in 2025, this was mainly as a result of intercompany payables increasing in the year.”
- “Throughout 2025, the economy continued to be impacted by the global economic climate which has resulted in fluctuating prices and uncertainty. While the company maintained control over its operating expenses, higher operating costs were incurred during the year, contributing to the decline in operating profits.”
- “The company does not trade directly or indirectly with Ukraine or the broader region or Israel/Gaza or Iran, therefore the current developments have not had any material financial impact on the company. It has however been impacted by the increase in commodity prices, which have risen as a result of the conflicts.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GASPARD-BOURGAIN, Nathalie Estelle Angelique | Director | 2017-01-19 | Sep 1976 | French |
| MILWARD, Michael Stephen | Director | 2021-01-01 | Mar 1965 | British,Australian |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIGEARD, Eric | Secretary | — | 2017-01-19 |
| BIGEARD, Eric | Director | — | 2017-01-19 |
| BOSSUT, Stephane | Director | 1997-06-01 | 1998-09-30 |
| DUNPHY, William John | Director | — | 1997-07-22 |
| FORD, Edwin Richard | Director | 2006-01-16 | 2010-01-01 |
| FORSYTH, Robert Donald | Director | — | 1996-01-22 |
| FULLWOOD, Duane | Director | 1997-08-27 | 2003-07-01 |
| GIBELLI, Gianluca | Director | 2017-01-19 | 2022-04-01 |
| HRADISKY, Peter | Director | 2012-11-01 | 2020-06-01 |
| KRISTIANSEN, Anders | Director | 2000-06-30 | 2003-01-31 |
| LAW, Stephen William | Director | 1998-10-01 | 2006-01-31 |
| VALE, Robert Curtis Henry | Director | — | 1999-08-31 |
| WALMSLEY, David John | Director | 2010-01-01 | 2012-11-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nathalie Estelle Angelique Gaspard | Individual | Shares 25–50% | 2023-06-30 | Active |
| Caroline Murielle Anne Gaspard | Individual | Shares 25–50% | 2023-06-30 | Active |
| Mr Georges Andre Daniel Gaspard | Individual | Significant influence | 2016-10-03 | Active |
Filing timeline
Last 20 of 221 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-04 | AA | accounts | Accounts with accounts type full | |
| 2026-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-08-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-09 | AD02 | address | Change sail address company with old address new address | |
| 2023-10-13 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-13 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-13 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-03 | AA | accounts | Accounts with accounts type full | |
| 2022-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-03 | AA | accounts | Accounts with accounts type full | |
| 2021-08-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-03 | AA | accounts | Accounts with accounts type full | |
| 2021-01-01 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.