How much does Northern Express Glass Limited make?

Northern Express Glass Limited reported revenue of £12.9m and £1.1m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Northern Express Glass Limited have?

Northern Express Glass Limited reported an average of 132 employees in the year to 31 Mar 2025.

Is Northern Express Glass Limited profitable?

Yes — Northern Express Glass Limited reported a profit of £1.1m in the year to 31 Mar 2025.

Company No. 02796677 · Incorporated 5 Mar 1993

Northern Express Glass Limited

Registered name: NORTHERN EXPRESS GLASS LIMITED

Part of Neg 2020 Limited group

Northern Express Glass Limited made £12.9m revenue and £1.1m profit in the year to 31 Mar 2025. read from filing text

Northern Express Glass Limited’s revenue grew 4% to £12.9m in the year to 31 Mar 2025, with £1.1m profit and 132 employees. The company is classified under “manufacture of flat glass” and is based in Fleetwood; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 23110Manufacture of flat glass SIC 23120Shaping and processing of flat glass SIC 23130Manufacture of hollow glass SIC 23190Manufacture and processing of other glass, including technical glassware

Status: Active
Location: Fleetwood, North West
Age: 33 yrs · since 1993
Type: Private Limited 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 2025

Key figures

Operating leverageDoing more with less

Revenue

£12.9m

Growth ▲3.8%

Profit

£1.1m

Growth ▲58.8%

Profit margin

8.2%

Gross 27.1%

Employees

132

Change ▼2.9%

Profit / employee

£8k

Revenue/employee £97.4k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£12.1m	£13m	£12.4m	£12.9m
Cost of sales	£9.4m	£10.5m	£9.7m	£9.4m
Gross profit	£2.6m	£2.6m	£2.7m	£3.5m
Operating profit	£1.1m	£1.1m	£928k	£1.5m
Profit before tax	£1.1m	£1m	£888k	£1.4m
Profit after tax	£827k	£838k	£665k	£1.1m
Profit (best available)	£827k	£838k	£665k	£1.1m
Staff costs	£3.3m	£3.5m	£3.6m	£4.2m
Employees (average)	148	148	136	132
Ratios
Profit margin	6.9%	6.4%	5.4%	8.2%
Gross margin	21.7%	19.7%	21.9%	27.1%
Revenue per employee	£81.4k	£88.1k	£91.1k	£97.4k
Profit per employee	£5.6k	£5.7k	£4.9k	£8k
Cash conversion	−237.9%	−95.1%	—	—
Growth (year on year)
Revenue growth	—	▲8.2%	▼5%	▲3.8%
Profit growth	—	▲1.4%	▼20.6%	▲58.8%
Headcount growth	—	0%	▼8.1%	▼2.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£663k	£198k	£330k	£218k
Net assets	£1.9m	£1.9m	£1.9m	£1.9m
Fixed assets	£1.9m	£1.7m	£1.5m	£2m
Current assets	£3.5m	£3.1m	£3.4m	£3.8m
Debtors	£1.8m	£1.6m	£1.6m	£1.8m
Deferred income	£72.5k	£68.2k	£78.2k	£90.4k
Cash from operations	−£2.7m	−£1m	—	—
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	Accounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 8.2%; Profit ÷ revenue.
Gross margin: 27.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £97.4k; Revenue ÷ average employees.
Profit per employee: £8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 15.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.8%; 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: ▲1%; Now £1.9m
Cash at bank: ▼34%; Now £218k
Headcount: ▼3%; Now 132
Deferred income: ▲16%; Now £90.4k
Fixed assets: ▲41%; Now £2m

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

Neg 2020 Limitedultimate parent75–100%
Northern Express Glass Limitedthis 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £1.1m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 24 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.