Bgen Limited
Registered name: BGEN LIMITED
Part of Cvc Capital Partners Plc groupBgen Limited made a £305k loss in the year to 31 Mar 2025 (revenue not disclosed).
Bgen Limited reported a loss of £305k in the year to 31 Mar 2025; its revenue was not disclosed. It had 1,071 employees. The company is classified under “activities of other holding companies” and is based in Stevenage; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Stevenage, East of England
- Age
- 9 yrs · since 2017
- 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.
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Profit only | Profit only | Profit only | Profit only |
| Profit & loss | ||||
| Revenue (turnover) | — | — | — | — |
| Cost of sales | £167m | £158m | £190m | £226m |
| Profit before tax | £8.4m | £13.1m | — | — |
| Profit after tax | £2.7m | £5.3m | £6m | −£305k |
| Profit (best available) | £2.7m | £5.3m | £6m | −£305k |
| Staff costs | £38m | £50.3m | £67.6m | £73.8m |
| Employees (average) | 684 | 815 | 987 | 1,071 |
| Ratios | ||||
| Profit margin | — | — | — | — |
| Profit per employee | £3.9k | £6.5k | £6.1k | −£285 |
| Growth (year on year) | ||||
| Profit growth | — | ▲100.8% | ▲12.1% | ▼105.1% |
| Headcount growth | — | ▲19.1% | ▲21.1% | ▲8.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £8.9m | £6.9m | £17.4m | £5.8m |
| Net assets | £8.8m | £12.9m | £18.6m | £18.6m |
| Fixed assets | £7.3m | £8.4m | £8.5m | £21.2m |
| Current assets | £43m | £48.2m | £77.1m | £66.1m |
| Debtors | £22.4m | £29.3m | £44.2m | £35.9m |
| Deferred income | £10.5m | £7.5m | £18m | £18.6m |
| Cash from operations | −£23.9m | £4m | — | — |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Jul 2025 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- −£285
- 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.
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 £18.6m
- Cash at bank
- ▼66%
- Now £5.8m
- Headcount
- ▲9%
- Now 1,071
- Deferred income
- ▲4%
- Now £18.6m
- Fixed assets
- ▲150%
- Now £21.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Cvc Capital Partners Plc (registered outside the UK register)ultimate parent75–100%
- M Group Limited75–100%
- Midas Bidco I Limited75–100%
- Minerva Equity Limited75–100%
- Minerva Bidco Limited75–100%
- M Group (Services) Limited75–100%
- M Group Water Limited75–100%
- Bgen Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (3)
- Building Engineering Solutions LimitedRev. £42.6m · Profit £1.1m
- BFP Services LimitedRev. £10.3m · Profit £961k
- Satisfy Recruitment Services LimitedFigures not disclosed
Sister companies (4)
- M Group Water (Meica Maintenance & Projects) LimitedFigures not disclosed
- M Group Water (Meica Projects) LimitedFigures not disclosed
- M Group Water (Meica Specialist) LimitedFigures not disclosed
- M Group Water (Network Infrastructure) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£305k), from the Companies House accounts bulk data published Jul 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.