Hulst Limited
Registered name: HULST LIMITED
Part of Dunham Massey Investment Group NO3 Ltd groupHulst Limited made £49.5k revenue and £998k profit in the year to 30 Apr 2025.
Hulst Limited’s revenue fell 50% to £49.5k in the year to 30 Apr 2025, with £998k profit and 3 employees. The company is classified under “management consultancy activities other than financial management” and is based in Aberdare; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Aberdare, Wales
- Age
- 20 yrs · since 2006
- 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.
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2023 | 30 Apr 2024 | 30 Apr 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £670k | £98.8k | £49.5k |
| Operating profit | £438k | £31.5k | −£2.3k |
| Profit before tax | £618k | £1.2m | £998k |
| Profit after tax | £532k | £1.2m | £998k |
| Profit (best available) | £532k | £1.2m | £998k |
| Staff costs | £155k | £2.1k | — |
| Employees (average) | 4 | 4 | 3 |
| Ratios | |||
| Profit margin | 79.3% | 1227% | 2017% |
| Revenue per employee | £168k | £24.7k | £16.5k |
| Profit per employee | £133k | £303k | £333k |
| Cash conversion | −113.9% | −262.6% | — |
| Growth (year on year) | |||
| Revenue growth | — | ▼85.3% | ▼49.9% |
| Profit growth | — | ▲128.2% | ▼17.7% |
| Headcount growth | — | 0% | ▼25% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £67k | £898 | £0 |
| Net assets | £254k | £248k | £246k |
| Fixed assets | £314k | £254k | £204k |
| Current assets | £90.6k | £6.2m | £7.2m |
| Debtors | £23.6k | £6.2m | £7.2m |
| Cash from operations | −£499k | −£82.7k | −£54.6k |
| Source | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 2017%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £16.5k
- Revenue ÷ average employees.
- Profit per employee
- £333k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 412.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 14598%
- 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
- ▼1%
- Now £246k
- Cash at bank
- ▼100%
- Now £0
- Headcount
- ▼25%
- Now 3
- Deferred income
- —
- Now —
- Fixed assets
- ▼20%
- Now £204k
Group structure
Ownership chain
- Dunham Massey Investment Group NO3 Ltdultimate parent75–100%
- Hulst 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
Latest figures from FullAccounts for the year to 30 Apr 2025 (profit £998k), from the Companies House accounts bulk data published Jan 2026. 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.