How much does Neil Hudgell Limited make?

Neil Hudgell Limited reported revenue of £21.1m and £4.2m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Neil Hudgell Limited have?

Neil Hudgell Limited reported an average of 163 employees in the year to 31 Mar 2025.

Is Neil Hudgell Limited profitable?

Yes — Neil Hudgell Limited reported a profit of £4.2m in the year to 31 Mar 2025.

Company No. 07078429 · Incorporated 17 Nov 2009

Neil Hudgell Limited

Registered name: NEIL HUDGELL LIMITED

Part of Neil Hudgell Limited group

Neil Hudgell Limited made £21.1m revenue and £4.2m profit in the year to 31 Mar 2025.

Neil Hudgell Limited’s revenue grew 46% to £21.1m in the year to 31 Mar 2025, with £4.2m profit and 163 employees. The company is classified under “solicitors” and is based in Hull; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 69102Solicitors

Status: Active
Location: Hull, Yorkshire and The Humber
Age: 16 yrs · since 2009
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

Capital-light

Revenue

£21.1m

Growth ▲46.4%

Profit

£4.2m

Growth ▲14.7%

Profit margin

19.9%

Gross 73.9%

Employees

163

Change ▲9.4%

Profit / employee

£25.7k

Revenue/employee £129k

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&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£11.6m	£12.4m	£14.4m	£21.1m
Cost of sales	£3.8m	£4.6m	£3.8m	£5.5m
Gross profit	£7.7m	£7.7m	£10.6m	£15.6m
Operating profit	£1.8m	£1.3m	£4.9m	£5.5m
Profit before tax	£1.8m	£1.3m	£5m	£5.6m
Profit after tax	£1.3m	£1.1m	£3.6m	£4.2m
Profit (best available)	£1.3m	£1.1m	£3.6m	£4.2m
Staff costs	£5.3m	£5.7m	£7.2m	£11.8m
Employees (average)	126	134	149	163
Ratios
Profit margin	11.3%	8.9%	25.3%	19.9%
Gross margin	66.9%	62.4%	73.5%	73.9%
Revenue per employee	£91.9k	£92.3k	£96.6k	£129k
Profit per employee	£10.3k	£8.2k	£24.5k	£25.7k
Growth (year on year)
Revenue growth	—	▲6.9%	▲16.3%	▲46.4%
Profit growth	—	▼15.7%	▲232%	▲14.7%
Headcount growth	—	▲6.3%	▲11.2%	▲9.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£840k	£1.8m	£1.3m	£4.8m
Net assets	£3.8m	£4.9m	£2.6m	£3.5m
Fixed assets	£455k	£265k	£102k	£90.5k
Current assets	£10.7m	£12.5m	£10.6m	£14m
Debtors	£2.1m	£2m	£3.9m	£4.1m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 19.9%; Profit ÷ revenue.
Gross margin: 73.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £129k; Revenue ÷ average employees.
Profit per employee: £25.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.3%; 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: ▲34%; Now £3.5m
Cash at bank: ▲269%; Now £4.8m
Headcount: ▲9%; Now 163
Deferred income: —; Now —
Fixed assets: ▼12%; Now £90.5k

Corporate ownership

Group structure

Ownership chain

Neil Hudgell Limitedultimate parent75–100%
Neil Hudgell Trustees Ltd75–100%
Hudgell Group Ltd75–100%
Neil Hudgell Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Neil Hudgell Trustees LtdFigures not disclosed

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 £4.2m), from the Companies House accounts bulk data published Dec 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.