New Millennia Payroll Services Limited
Registered name: NEW MILLENNIA PAYROLL SERVICES LIMITED
Part of New Millennia Group Limited groupNew Millennia Payroll Services Limited made £38m revenue and £81k profit in the year to 31 Dec 2024. read from filing text
New Millennia Payroll Services Limited’s revenue grew 8% to £38m in the year to 31 Dec 2024, with £81k profit and 12 employees. The company is classified under “temporary employment agency activities” and is based in Manchester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Manchester, North West
- Age
- 25 yrs · since 2001
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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. From the filing: “The company's immediate parent is New Millennia Group Limited, incorporated in England and Wales.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| 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) | £46.3m | £36.2m | £35.3m | £38m |
| Cost of sales | £44.5m | £34.7m | £33.8m | £36.5m |
| Gross profit | £1.8m | £1.4m | £1.5m | £1.5m |
| Profit before tax | £442k | £80.8k | £23.2k | £96.9k |
| Profit after tax | £352k | £67k | £14.6k | £81k |
| Profit (best available) | £352k | £67k | £14.6k | £81k |
| Employees (average) | 12 | 14 | 15 | 12 |
| Ratios | ||||
| Profit margin | 0.8% | 0.2% | 0% | 0.2% |
| Gross margin | 4% | 4% | 4.2% | 4% |
| Revenue per employee | £3.9m | £2.6m | £2.4m | £3.2m |
| Profit per employee | £29.4k | £4.8k | £972 | £6.7k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼21.9% | ▼2.5% | ▲7.8% |
| Profit growth | — | ▼81% | ▼78.3% | ▲455.3% |
| Headcount growth | — | ▲16.7% | ▲7.1% | ▼20% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £66.6k | £266k | £76.6k | £31.5k |
| Net assets | £661k | £728k | £743k | £798k |
| Fixed assets | £44.5k | £60.8k | £51.1k | £226k |
| Current assets | £8m | £6.6m | £5.1m | £6.1m |
| Debtors | £7.2m | £5.5m | £4.1m | £5.2m |
| Deferred income | £157k | £254k | £263k | £373k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 0.2%
- Profit ÷ revenue.
- Gross margin
- 4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £3.2m
- Revenue ÷ average employees.
- Profit per employee
- £6.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.7%
- Money owed by customers. Low = customers pay quickly.
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
- ▲7%
- Now £798k
- Cash at bank
- ▼59%
- Now £31.5k
- Headcount
- ▼20%
- Now 12
- Deferred income
- ▲42%
- Now £373k
- Fixed assets
- ▲342%
- Now £226k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- New Millennia Group Limitedultimate parent75–100%
- New Millennia Payroll Services Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- New Millennia Factoring Services LimitedFigures not disclosed
- New Millennia Trading LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £81k), from the Companies House accounts bulk data published Sep 2025. 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.