Company profile
Less Common Metals Limited
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Less Common Metals Limited is a UK company with status active founded in 1992 based in North West England.
Corporate ownership
Updated 06 Jun 2026 16:52
Latest accounts
Financial period: 1 Jan 2024 to 31 Dec 2024
Company events
Reference milestones and recent Companies House filing stream events.
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Cessation Of A Person With Significant Control
Persons-with-significant-controlPSC07 | Transaction MzQ0MDMyNjk2MmFkaXF6a2N4
Published 21 Oct 2024 04:09
Notification Of A Person With Significant Control
Persons-with-significant-controlPSC02 | Transaction MzQ0MDMyNjk1OGFkaXF6a2N4
Published 21 Oct 2024 04:09
Accounts With Accounts Type Full
Accounts AnalysedAA | Transaction MzQzNDY1Nzg1NWFkaXF6a2N4
Published 05 Sep 2024 15:27
Incorporated
InceptionCompany registered at Companies House
Public funding
Projects
CirculaREEconomy
1 Sep 2025 to 31 Aug 2028
Rare Earth Elements (REEs) are essential for the Rare Earth Permanent Magnets (REPMs), which are required for e-motors and additional components. REE supply is volatile and can disrupt commercial ecosystems. The UK has limited natural REE resources but does boast successful industries reliant on REEs. The only realistic route for an insulated, sustainable...
REEVALUATE: Rare Earth Elements recoVery from industriAL scrap prodUced during grAin boundary diffusion of permanenT magnEts.
1 Aug 2024 to 31 Dec 2025
Less Common Metals (LCM) Ltd, UK, is leading an initiative called "Industrial Scrap-to-Magnet" in collaboration with Ionic Technology and Vacuumschmelze (VAC) through the REEVALUATE project. The initiative aims to develop high-quality NdFeB magnets using 100% recycled heavy and light rare earth elements (REEs) with full traceability. This project addresse...
REEmelt
1 Aug 2024 to 31 Jul 2025
The HPMS process, developed by the University of Birmingham and now licensed by HyProMag Limited provides an efficient way of liberating magnets from end of life components. Inevitably some of the material liberated is not suitable for short loop recycling, however the material still has value and does not necessarily need to go to a full long loop recycl...
SUstainable EuroPean Rare Earth Elements production value chain from priMary Ores
1 Jan 2024 to 31 Dec 2027
SUPREEMO aims to establish the first pre-commercial Rare Earth Elements (REEs) production value chain (TRL7) using European (EU) primary resources as feedstock, developing sustainable, cost-competitive processing, refining and Rare Earth (RE) Permanent Magnet (PM) production technologies in a responsible way complying with local and international safety r...
The EV Permanent Magnet Circular Supply Chain
1 Jan 2024 to 31 Mar 2026
Ionic Technologies, Less Common Metals (LCM) and Ford are seeking to establish a demonstration circular supply chain for Rare Earth Elements (REEs) in the UK, by utilising innovative technologies to create high specification magnets containing 100% recycled REEs for use in Electrical Vehicles (EVs). Production of critical minerals of all kinds is expected...
EMPRESS: Enhancing Magnet Performance with Reduced Rare-Earth SimulationS
1 Nov 2023 to 31 Oct 2024
Achieving the required step-change improvements in resource efficiency for critical materials for magnets demands significant changes to the way the materials & their production processes are designed. This project aims to demonstrate the viability of using the latest artificial intelligence methods coupled with quantum simulations to rapidly identify imp...
HORIZON-CL4-2022-RESILIENCE-01-12 — Multi-functional, multi-material magnetic components and structures for electrification
1 Dec 2022 to 30 Nov 2025
no public description
New UK Magnet plant
1 Apr 2021 to 30 Jun 2022
This project will investigate the feasibility of building a Neodymium Boron Iron (NdFeB) magnet plant in the UK. Initially a market study will be carried out to identify the likely future requirements for such magnets, both in terms of volumes and specifications, with focus on the growing EV industry. A suitable plant to meet these requirements will then ...
UK RE Magnet Base
1 Nov 2020 to 31 May 2021
This project will investigate requirements for a competitive UK supply chain for rare earth magnets. Rare earth magnets represent between 40 to 50% of the value of the raw materials for an electric motor. This is a critical component in the production of electric motors and is vital for the UK Road to Zero strategy which will see all new vehicles to be ef...
Hydrogen Processed Magnet Scrap (HyProMS).
1 Oct 2007 to 31 Mar 2010
Awaiting Public Summary