How much does HGF Limited make?

HGF Limited reported revenue of £83.1m and a loss of £1.1m in the year to 30 Apr 2025, according to its accounts filed at Companies House.

How many employees does HGF Limited have?

HGF Limited reported an average of 2 employees in the year to 30 Apr 2025.

Is HGF Limited profitable?

No — HGF Limited reported a loss of £1.1m in the year to 30 Apr 2025.

Company No. 08998652 · Incorporated 15 Apr 2014

HGF Limited

Registered name: HGF LIMITED

Part of Cbpe Capital LLP group

HGF Limited made £83.1m revenue and a £1.1m loss in the year to 30 Apr 2025.

HGF Limited’s revenue grew 1% to £83.1m in the year to 30 Apr 2025, with a loss of £1.1m and 2 employees. The company is classified under “activities of patent and copyright agents; other legal activities” and is based in Leeds; we hold 3 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: 12 yrs · since 2014
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.

Latest accounts · year to 30 Apr 2025

Key figures

Small teamDoing more with less

Revenue

£83.1m

Growth ▲0.9%

Profit

−£1.1m

Growth ▼110.4%

Profit margin

−1.3%

Gross 60.7%

Employees

Change ▼99.5%

Profit / employee

−£550k

Revenue/employee £41.5m

Profitable streak

0yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Apr 2023	30 Apr 2024	30 Apr 2025
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£82.3m	£83.1m
Cost of sales	£35.1m	−£34.2m	−£32.7m
Gross profit	—	£48.2m	£50.4m
Operating profit	—	£15.4m	£3.4m
Profit before tax	—	£14.6m	£971k
Profit after tax	—	£10.6m	−£1.1m
Profit (best available)	—	£10.6m	−£1.1m
Staff costs	£27.8m	£28.6m	—
Employees (average)	410	420	2
Ratios
Profit margin	—	12.9%	−1.3%
Gross margin	—	58.5%	60.7%
Revenue per employee	—	£196k	£41.5m
Profit per employee	—	£25.2k	−£550k
Growth (year on year)
Revenue growth	—	—	▲0.9%
Profit growth	—	—	▼110.4%
Headcount growth	—	▲2.4%	▼99.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£573k	£657k	—
Net assets	£17.4m	£12m	—
Debtors	£16.8m	£16m	—
Source	FullAccounts · bulk data Jan 2025	FullAccounts · bulk data Jan 2025	Accounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: −1.3%; Profit ÷ revenue.
Gross margin: 60.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £41.5m; Revenue ÷ average employees.
Profit per employee: −£550k; 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: —; 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: —; Now —
Cash at bank: —; Now —
Headcount: ▼100%; Now 2
Deferred income: —; Now —
Fixed assets: —; Now —

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 Limitedthis company

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

Subsidiaries (2)

HGF Business Services LimitedRev. £24m · Profit £99k
HGF Legal LimitedFigures 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 accounts for the year to 30 Apr 2025 (profit −£1.1m), from the Companies House accounts bulk data published Jun 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.