New Directions Education Limited
Registered name: NEW DIRECTIONS EDUCATION LIMITED
Part of New Directions Holdings Limited groupNew Directions Education Limited made £40.9m revenue and £480k profit in the year to 2 Apr 2023.
New Directions Education Limited’s revenue grew 11% to £40.9m in the year to 2 Apr 2023, with £480k profit and 77 employees. The company is classified under “temporary employment agency activities” and is based in Cardiff; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, 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. From the filing: “The ultimate parent company is New Directions Holdings Limited, a company registered in England & Wales, company registration number 05714010, which owns the entire share capital of this company. Thei”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 27 Mar 2022 | 2 Apr 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £36.8m | £40.9m |
| Cost of sales | £29.4m | £32.4m |
| Gross profit | £7.4m | £8.5m |
| Profit before tax | £385k | £584k |
| Profit after tax | £410k | £480k |
| Profit (best available) | £410k | £480k |
| Staff costs | £31.7m | £34.7m |
| Employees (average) | 70 | 77 |
| Ratios | ||
| Profit margin | 1.1% | 1.2% |
| Gross margin | 20.2% | 20.7% |
| Revenue per employee | £526k | £531k |
| Profit per employee | £5.9k | £6.2k |
| Growth (year on year) | ||
| Revenue growth | — | ▲11.2% |
| Profit growth | — | ▲17.1% |
| Headcount growth | — | ▲10% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.1m | £962k |
| Net assets | £1.3m | £1.8m |
| Current assets | £6.2m | £5.7m |
| Debtors | £4.7m | £4.3m |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 |
How the business works
- Profit margin
- 1.2%
- Profit ÷ revenue.
- Gross margin
- 20.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £531k
- Revenue ÷ average employees.
- Profit per employee
- £6.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10.6%
- 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
- ▲36%
- Now £1.8m
- Cash at bank
- ▼16%
- Now £962k
- Headcount
- ▲10%
- Now 77
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- New Directions Holdings Limitedultimate parent75–100%
- New Directions Education Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (8)
- Bu Agency LimitedFigures not disclosed
- Bu Group LimitedFigures not disclosed
- Bu Talent LimitedFigures not disclosed
- Checks Direct LimitedFigures not disclosed
- ND Care & Support LimitedFigures not disclosed
- New Directions (Recruitment) LimitedFigures not disclosed
- New Directions London LimitedFigures not disclosed
- New Directions Professional LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 2 Apr 2023 (profit £480k), from the Companies House accounts bulk data published Dec 2023. 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.