How much does Newground CIC make?

Newground CIC reported revenue of £4.5m and £1.3m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Newground CIC have?

Newground CIC reported an average of 112 employees in the year to 31 Mar 2024.

Is Newground CIC profitable?

Yes — Newground CIC reported a profit of £1.3m in the year to 31 Mar 2024.

Company No. 02584952 · Incorporated 22 Feb 1991

Newground CIC

Registered name: NEWGROUND CIC

Part of Newground Together group

Newground CIC made £4.5m revenue and £1.3m profit in the year to 31 Mar 2024.

Newground CIC’s revenue fell 2% to £4.5m in the year to 31 Mar 2024, with £1.3m profit and 112 employees. The company is classified under “environmental consulting activities” and is based in Blackburn; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74901Environmental consulting activities

Status: Active
Location: Blackburn, North West
Age: 35 yrs · since 1991
Type: Community Interest Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Mar 2024

Key figures

Capital-light

Revenue

£4.5m

Growth ▼2.4%

Profit

£1.3m

Growth ▲47.1%

Profit margin

27.7%

Gross 33.6%

Employees

112

Change ▼8.2%

Profit / employee

£11.2k

Revenue/employee £40.4k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.9m	£4.6m	£4.5m
Cost of sales	£3.4m	£3.5m	£3m
Gross profit	£1.5m	£1.1m	£1.5m
Operating profit	£1.1m	£830k	£1.2m
Profit before tax	£1.1m	£833k	£1.3m
Profit after tax	£1.1m	£850k	£1.3m
Profit (best available)	£1.1m	£850k	£1.3m
Employees (average)	116	122	112
Ratios
Profit margin	21.9%	18.4%	27.7%
Gross margin	31.1%	24.3%	33.6%
Revenue per employee	£42.1k	£38k	£40.4k
Profit per employee	£9.2k	£7k	£11.2k
Growth (year on year)
Revenue growth	—	▼5.1%	▼2.4%
Profit growth	—	▼20.4%	▲47.1%
Headcount growth	—	▲5.2%	▼8.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£1.1m	£2m
Net assets	£1.3m	£1m	£1.4m
Fixed assets	£196k	£162k	£133k
Current assets	£3.2m	£2.9m	£3.6m
Debtors	£940k	£1.1m	£963k
Deferred income	£1.7m	£1.6m	£1.9m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 27.7%; Profit ÷ revenue.
Gross margin: 33.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £40.4k; Revenue ÷ average employees.
Profit per employee: £11.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 42.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 21.3%; 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: ▲43%; Now £1.4m
Cash at bank: ▲73%; Now £2m
Headcount: ▼8%; Now 112
Deferred income: ▲17%; Now £1.9m
Fixed assets: ▼18%; Now £133k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Newground Togetherultimate parent75–100%
Newground CICthis company

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

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £1.3m), from the Companies House accounts bulk data published Dec 2024. Spotted an error? Request a correction.

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