Skip to content
CompanySight
Company No. 10526742 · Incorporated 15 Dec 2016

New Care Operations (Group) Limited

Registered name: NEW CARE OPERATIONS (GROUP) LIMITED

Part of Lovett 2 Care Holdings Limited group

New Care Operations (Group) Limited made £55.5m revenue and a £3.1m loss in the year to 31 Mar 2024. read from filing text

New Care Operations (Group) Limited’s revenue grew 40% to £55.5m in the year to 31 Mar 2024, with a loss of £3.1m and 1,261 employees. The company is classified under “development of building projects” and is based in Newcastle-Under-Lyme; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects
Status
Active
Location
Newcastle-Under-Lyme, West Midlands
Age
9 yrs · since 2016
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 2024

Key figures

Capital-light
Revenue
£55.5m
Growth ▲39.9%
Profit
−£3.1m
Growth —
Profit margin
−5.7%
Gross 34.9%
Employees
1,261
Change ▲24.2%
Profit / employee
−£2.5k
Revenue/employee £44k
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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202331 Mar 2024
DisclosureFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£39.7m£55.5m
Cost of sales£26.4m£36.1m
Gross profit£13.3m£19.4m
Operating profit−£3.5m−£2.5m
Profit before tax−£3.6m−£2.5m
Profit after tax−£3.3m−£3.1m
Profit (best available)−£3.3m−£3.1m
Employees (average)1,0151,261
Ratios
Profit margin−8.3%−5.7%
Gross margin33.5%34.9%
Revenue per employee£39.1k£44k
Profit per employee−£3.2k−£2.5k
Growth (year on year)
Revenue growth—▲39.9%
Headcount growth—▲24.2%
Balance sheet — indirect signals, not revenue
Cash at bank£2£2
Net assets£17m£16.9m
Fixed assets£100k£100k
Current assets£17m£17m
Debtors£0£0
SourceFullAccounts · bulk data Dec 2024FullAccounts · bulk data Dec 2024
Derived from the latest filing

How the business works

Profit margin
−5.7%
Profit ÷ revenue.
Gross margin
34.9%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£44k
Revenue ÷ average employees.
Profit per employee
−£2.5k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.2%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0%
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
▼0%
Now £16.9m
Cash at bank
0%
Now £2
Headcount
▲24%
Now 1,261
Deferred income
—
Now —
Fixed assets
0%
Now £100k
Corporate ownership

Group structure

Ownership chain

  1. Lovett 2 Care Holdings Limitedultimate parent75–100%
  2. New Care Operations (Group) Limitedthis company

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

Subsidiaries (1)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£3.1m), from the Companies House accounts bulk data published Dec 2024. 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.