Neways Associates Limited
Registered name: NEWAYS ASSOCIATES LIMITED
Part of Polygon International Ab groupNeways Associates Limited made £11.3m revenue and a £1.2m loss in the year to 31 Dec 2024.
Neways Associates Limited’s revenue grew 69% to £11.3m in the year to 31 Dec 2024, with a loss of £1.2m and 83 employees. The company is classified under “other specialised construction activities” and is based in Huntingdon; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Huntingdon, East of England
- Age
- 24 yrs · since 2002
- 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. From the filing: “R3 Polygon UK Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £6.7m | £11.3m |
| Cost of sales | £6m | £10.7m |
| Gross profit | £632k | £631k |
| Operating profit | −£208k | −£1.2m |
| Profit before tax | −£573k | −£1.2m |
| Profit after tax | −£581k | −£1.2m |
| Profit (best available) | −£581k | −£1.2m |
| Staff costs | £2.8m | £3.5m |
| Employees (average) | 77 | 83 |
| Ratios | ||
| Profit margin | −8.7% | −10.8% |
| Gross margin | 9.5% | 5.6% |
| Revenue per employee | £86.7k | £136k |
| Profit per employee | −£7.5k | −£14.7k |
| Growth (year on year) | ||
| Revenue growth | — | ▲69.1% |
| Headcount growth | — | ▲7.8% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £381k | £1.1k |
| Net assets | £1.2m | −£41.9k |
| Fixed assets | £5.3m | £5.3m |
| Current assets | £3.2m | £4.5m |
| Debtors | £1.3m | £2.4m |
| Deferred income | £57.7k | £111k |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −10.8%
- Profit ÷ revenue.
- Gross margin
- 5.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £136k
- Revenue ÷ average employees.
- Profit per employee
- −£14.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 46.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 21.6%
- 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
- ▼104%
- Now −£41.9k
- Cash at bank
- ▼100%
- Now £1.1k
- Headcount
- ▲8%
- Now 83
- Deferred income
- ▲93%
- Now £111k
- Fixed assets
- ▲0%
- Now £5.3m
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
- Polygon International Ab (registered outside the UK register)ultimate parent75–100%
- R3 Polygon UK Ltd.75–100%
- Neways Associates Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- F.S.H (Holdings) LimitedRev. — · Profit −£1.7k
- Highley's of Yorkshire LimitedRev. — · Profit £145k
Sister companies (6)
- Ark and General LimitedFigures not disclosed
- Harwell Technical Services LimitedFigures not disclosed
- Polygon Damage Control LimitedFigures not disclosed
- Polygon Digital Solutions LtdFigures not disclosed
- Polygon Ireland LimitedFigures not disclosed
- The Plastic Surgeon Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£1.2m), 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.