Luminance: who owns it, who runs it and what the accounts show
Luminance Technologies Ltd's person with significant control on the Companies House register is Ms Angela Bacares. In the year to December 2025 Luminance Technologies Ltd reported turnover of $37m (about £28m).
Luminance files its accounts in US dollars. Figures are shown as filed, with the pound equivalent after them: income and costs at the average Bank of England rate over the year to 31 December 2025 ($1.3186 to the pound), net assets and cash at the rate on that date ($1.3451 to the pound); the year before at $1.2783 to the pound and $1.2529 to the pound. Comparisons with other companies on Spark Intel use the pound figures. Growth is measured in US dollars, so exchange-rate moves don't count as growth.
- In the year to December 2025, Luminance had turnover of $37m (about £28m), up 81.1% on the year before.
- It made a pre-tax loss of $42m (about £32m), losing £115.87 of every £100 of sales.
- It employed an average of 326 people, with staff costs of $39m (about £30m).
- These figures are from Luminance Technologies Ltd's group accounts for the year to December 2025, filed at Companies House on 7 October 2026.
- Registered name
- LUMINANCE TECHNOLOGIES LTD
- Company number
- 09857705
- Status
- Active
- Incorporated
- 5 November 2015
- Registered office area
- Cambridge
- Industry code on the register
- 62012: Computer programming, consultancy and related activities
- Accounts
- Group accounts, covering the companies it owns
- Accounts type
- Full group accounts
- Latest accounts
- Year to December 2025, filed 7 October 2026
What does Luminance do?
Luminance makes artificial intelligence software for lawyers, used to draft, review, negotiate and manage contracts and other legal documents. It sells its platform on subscription to law firms and to in-house legal teams at companies. The business was founded in Cambridge in 2015 by mathematicians from the University of Cambridge, and its technology is designed to read and understand legal language across many languages.
In brief: legal AI · contract review and negotiation · subscription software · founded in Cambridge
Source: Spark Intel editorial, checked 24 September 2026. Official website: luminance.com.
Who owns Luminance?
The Companies House register records Ms Angela Bacares as the person with significant control of Luminance Technologies Ltd, company number 09857705.
The register names an individual, not a company, as its controller.
The full ownership record is on the Companies House register. Control is given in the bands the register uses, not as exact shareholdings.
Who runs Luminance?
The Companies House register lists 7 current officers for Luminance Technologies Ltd.
All 7 current officers
| Officer | Appointed |
|---|---|
| Andrew Mark Kanter | 13 September 2016 |
| Harry Borovick | 2 August 2022 |
| Eleanor Lightbody | 11 March 2024 |
| Hyun Koo | 11 March 2024 |
| Martina King | 19 November 2024 |
| Tara Stokes | 24 October 2025 |
| Vanessa Elizabeth Colomar | 23 June 2026 |
Every current officer, with appointment dates, is on the Companies House register.
What did Luminance file?
Luminance Technologies Ltd reported turnover of $37m (about £28m) in the year to December 2025. That was up 81.1% on $20m (about £16m) the year before.
It reported 326 employees. The year before it reported 195.
It filed a pre-tax loss of $42m (about £32m) for the year, against a pre-tax loss of $18m (about £14m) the year before.
Staff costs came to $39m (about £30m). That is an average of £91,000 a head. It ended the year with $73m (about £54m) at the bank and net assets of $56m (about £42m).
| Measure | Dec 2025 | Dec 2024 |
|---|---|---|
| Turnover | $37m (about £28m) | $20m (about £16m) |
| Pre-tax profit | -$42m (about -£32m) (filed) | -$18m (about -£14m) (filed) |
| Employees | 326 | 195 |
| Staff costs | $39m (about £30m) | $20m (about £16m) |
| Average staff cost per head | £91,000 | £82,000 |
| Bank and cash | $73m (about £54m) | $24m (about £19m) |
| Net assets | $56m (about £42m) | $19m (about £16m) |
| Interest received | $2m (about £1.6m) | |
| Directors' pay | $0.4m (about £0.3m) |
Read the accounts to December 2025 (PDF, Companies House) · every accounts filing
What do these figures mean? Turnover vs profit · Profit per £100 · Cash vs profit · Net assets · Group accounts
Are there any charges against Luminance?
Luminance Technologies Ltd has registered 1 charge at Companies House, and all of them have since been satisfied. A charge is security a lender takes over a company's assets; one is satisfied when the lending behind it is repaid or released.
Each charge, with its holder and dates, is on the Companies House register.
How Luminance compares
Of the 13 UK AI companies, Luminance is 9th on turnover, 10th on profit margin and 3rd on growth. Google DeepMind keeps the most of every £100 of sales: £16.02.
| Rank | UK AI companies | Turnover | Profit per £100 |
|---|---|---|---|
| 1st | Google DeepMind | £1,743m | £16.02 |
| 9th | Luminance | £28m | −£115.87 |
| + 10 more UK AI companies ranked |
Ranked by turnover. Profit per £100 is pre-tax profit for every £100 of turnover, shown only where the profit is filed.
Luminance files as Luminance Technologies Ltd, whose person with significant control is Ms Angela Bacares, with turnover of $37m (about £28m) in its latest filed year.
Questions about Luminance
What does Luminance do?
Luminance makes artificial intelligence software for lawyers, used to draft, review, negotiate and manage contracts and other legal documents. It sells its platform on subscription to law firms and to in-house legal teams at companies. The business was founded in Cambridge in 2015 by mathematicians from the University of Cambridge, and its technology is designed to read and understand legal language across many languages.
How does Luminance compare with its rivals?
By turnover, Luminance is 9th of the 12 companies in our battle of the UK AI companies, behind Google DeepMind. The battle ranks them on turnover, pre-tax profit, margin, growth and net assets. The battle of the UK AI companies →
Who owns Luminance?
The Companies House register records Ms Angela Bacares as the person with significant control of Luminance Technologies Ltd.
How much does Luminance make?
Luminance Technologies Ltd reported turnover of $37m (about £28m) in the year to December 2025. It filed a pre-tax loss of $42m (about £32m).
How many people work at Luminance?
Luminance Technologies Ltd reported 326 employees in the year to December 2025.
Who runs Luminance?
The Companies House register lists 7 current officers for Luminance Technologies Ltd. The full list, with appointment dates, is on the Companies House register.
- Figures come from Luminance Technologies Ltd's filings at Companies House, company number 09857705, for the period shown at the top of the page.
- These are group accounts: they include the companies it owns.
- Pre-tax profit is the figure the company filed, for both years.
- A figure the filing does not disclose is shown as n/d. A zero in the filing is treated as not disclosed, never as nil.
- Rounding: below £0.1m in thousands, from £0.1m to £2m to one decimal place, from £2m to the nearest million.
- Ownership is shown in the control bands the register of people with significant control uses, not as exact shareholdings.
- Officers' names and appointment dates come from the Companies House register. Job titles come from the company's own website. The description of what the company does comes from its website, or is marked Spark Intel editorial where it is written from stable, checked facts, with the date either way.
Spark Intel, “Luminance: who owns it, who runs it and what the accounts show”, updated 11 November 2026. https://www.spark-intel.co.uk/companies/luminance/. Figures from Companies House filings for LUMINANCE TECHNOLOGIES LTD (09857705).
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