How much does Hanover Employee Benefits Limited make?

Hanover Employee Benefits Limited reported revenue of £200k and £115k profit in the year to 31 Mar 2022, according to its accounts filed at Companies House.

Is Hanover Employee Benefits Limited profitable?

Yes — Hanover Employee Benefits Limited reported a profit of £115k in the year to 31 Mar 2022.

Company No. 02136651 · Incorporated 2 Jun 1987

Hanover Employee Benefits Limited

Registered name: HANOVER EMPLOYEE BENEFITS LIMITED

Part of The Ince Group Plc group

Hanover Employee Benefits Limited made £200k revenue and £115k profit in the year to 31 Mar 2022.

Hanover Employee Benefits Limited’s revenue fell 48% to £200k in the year to 31 Mar 2022, with £115k profit. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSIC 64999Financial intermediation not elsewhere classified

Status: Active
Location: London
Age: 39 yrs · since 1987
Type: Private Limited Company

Latest accounts · year to 31 Mar 2022

Key figures

Revenue

£200k

Growth ▼48.3%

Profit

£115k

Growth ▼53.6%

Profit margin

57.5%

Employees

—

Change —

Profit / employee

—

Profitable streak

2yrs

Consecutive profitable years in our data

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2021	31 Mar 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£387k	£200k
Operating profit	£274k	£142k
Profit before tax	£316k	£142k
Profit after tax	£248k	£115k
Profit (best available)	£248k	£115k
Employees (average)	—	—
Ratios
Profit margin	64.1%	57.5%
Growth (year on year)
Revenue growth	—	▼48.3%
Profit growth	—	▼53.6%
Balance sheet — indirect signals, not revenue
Net assets	—	—
Source	Accounts · bulk data Sep 2023	Accounts · bulk data Sep 2023

Derived from the latest filing

How the business works

Profit margin: 57.5%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

The Ince Group Plc (registered outside the UK register)ultimate parent75–100%
Ince Wealth Limited75–100%
Hanover Employee Benefits Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (4)

Culver Financial Management LimitedFigures not disclosed
Hanover Financial Management LimitedLiquidationFigures not disclosed
Hanover Pensions LimitedFigures not disclosed
Hanover Trustee Company Limited(The)Figures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2022 (profit £115k), from the Companies House accounts bulk data published Sep 2023. Spotted an error? Request a correction.

Updated from Companies House on 19 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.