Lyon & Turnbull Limited

Lyon & Turnbull Limited, based in Midlothian, UK, is a well-established holding company with an active status. Founded 26 years ago in 1998, the company employs 66 people and holds assets valued at £4,476,661. With ten directors and one owner, the company operates from a real address in Edinburgh. It’s a regular importer and exporter of art and antiques, having imported for 28 months and exported for a considerable 310 months, with the latest export operation occurring in January 2025.

The company’s website reveals a business deeply rooted in the world of fine art and antiques, operating through both auctions and private sales. It hosts regular auctions, including the "Lalique" and "Cartier Curated" events, and showcases a range of departments and services, from valuation days to private collections. A significant aspect is the emphasis on exhibitions and events, with a virtual tour available for the "Design Since 1860" exhibition. The website also highlights the company's expertise in areas like Mackintosh furniture and vintage posters, with a strong focus on provenance and historical significance.

Financially, Lyon & Turnbull Limited’s recent performance presents a mixed picture. Accrued liabilities decreased by 30%, while depreciation on computer equipment increased by a substantial 130%. Bank borrowings have fallen significantly, by 42%, to £300,000, and cash reserves have dropped dramatically – 95% - to £210,000. Creditors have increased by 24%, and trade debtors have surged by a staggering 1900%, suggesting a possible shift in payment terms or a period of rapid growth. Despite these fluctuations, the company’s net assets increased slightly, by 2.6%, to £6.1 million. The company is not audited.

The trends suggest that Lyon & Turnbull Limited is navigating a period of change, potentially driven by market conditions or strategic decisions. The decrease in cash reserves, while concerning, could be a result of increased investment in inventory or marketing efforts. The substantial rise in trade debtors warrants further investigation, as it could indicate challenges in collecting payments or a change in credit policies. Overall, while the company appears to be financially stable, close monitoring of these trends will be crucial for sustained success.

Registered in Scotland under the registration number SC191166, with a registered address at EH1 3RR, Midlothian, 33 Broughton Place, Edinburgh.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.