Reversible Colour Transforms (RCTs) in conjunction with Bi-level Burrows–Wheeler Compression Algorithm (BBWCA) allows for high-level lossless image compression as demonstrated in this study. The RCTs transformation results in exceedingly coordinated image information among the neighbouring pixels as compared to the RGB colour space. This aids the Burrows–Wheeler Transform (BWT) based compression scheme and achieves compression ratios of high degree at the subsequent steps of the program. Validation has been done by comparing the proposed scheme across a range of benchmarks schemes and the performance of the proposed scheme is above par the other schemes. The proposed compression outperforms the techniques exclusively developed for 2-D electrocardiogram (EEG), RASTER map and Color Filter Array (CFA) image compression. The proposed system shows no dependency over parameters like image size, its type or the medium in which it is captured. A comprehensive analysis of the proposed scheme concludes that it achieves a significant increase in compression and depicts comparable complexity similar to the various benchmark schemes.