How much does HGF Business Services Limited make?

HGF Business Services Limited reported revenue of £24m and £99k profit in the year to 30 Apr 2024, according to its accounts filed at Companies House.

How many employees does HGF Business Services Limited have?

HGF Business Services Limited reported an average of 382 employees in the year to 30 Apr 2024.

Is HGF Business Services Limited profitable?

Yes — HGF Business Services Limited reported a profit of £99k in the year to 30 Apr 2024.

Company No. 07200550 · Incorporated 23 Mar 2010

HGF Business Services Limited

Registered name: HGF BUSINESS SERVICES LIMITED

Part of Cbpe Capital LLP group

HGF Business Services Limited made £24m revenue and £99k profit in the year to 30 Apr 2024. read from filing text

HGF Business Services Limited’s revenue grew 7% to £24m in the year to 30 Apr 2024, with £99k profit and 382 employees. The company is classified under “activities of patent and copyright agents; other legal activities” and is based in Leeds; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 69109Activities of patent and copyright agents; other legal activities n.e.c.

Status: Active
Location: Leeds, Yorkshire and The Humber
Age: 16 yrs · since 2010
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 30 Apr 2024

Key figures

Capital-lightOperating leverage

Revenue

£24m

Growth ▲7.3%

Profit

£99k

Growth ▲723.2%

Profit margin

0.4%

Gross 0.4%

Employees

382

Change ▲7.9%

Profit / employee

£259

Revenue/employee £62.9k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Apr 2023	30 Apr 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£22.4m	£24m
Cost of sales	£22.4m	£23.9m
Gross profit	£14k	£101k
Profit before tax	£13.5k	£101k
Profit after tax	£12k	£99k
Profit (best available)	£12k	£99k
Staff costs	£21.8m	£23.4m
Employees (average)	354	382
Ratios
Profit margin	0.1%	0.4%
Gross margin	0.1%	0.4%
Revenue per employee	£63.3k	£62.9k
Profit per employee	£34	£259
Growth (year on year)
Revenue growth	—	▲7.3%
Profit growth	—	▲723.2%
Headcount growth	—	▲7.9%
Balance sheet — indirect signals, not revenue
Net assets	£128k	£227k
Fixed assets	£64	£0
Debtors	£2.5m	£2.8m
Deferred income	£1.7m	£1.9m
Source	FullAccounts · bulk data Jan 2025	FullAccounts · bulk data Jan 2025

Derived from the latest filing

How the business works

Profit margin: 0.4%; Profit ÷ revenue.
Gross margin: 0.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £62.9k; Revenue ÷ average employees.
Profit per employee: £259; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.6%; 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: ▲77%; Now £227k
Cash at bank: —; Now —
Headcount: ▲8%; Now 382
Deferred income: ▲11%; Now £1.9m
Fixed assets: ▼100%; Now £0

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Cbpe Capital LLPultimate parent50–75%
Project Orion Topco Limited75–100%
Project Orion Noteco Limited75–100%
Project Orion Midco Limited75–100%
Project Orion Bidco Limited75–100%
HGF Limited75–100%
HGF Business Services Limitedthis company

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

Sister companies (1)

HGF Legal LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Apr 2024 (profit £99k), from the Companies House accounts bulk data published Jan 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.