Hexagon Holdings Limited
Registered name: HEXAGON HOLDINGS LIMITED
Hexagon Holdings Limited made £12.2m revenue and £970k profit in the year to 30 Sep 2025.
Hexagon Holdings Limited’s revenue grew 30% to £12.2m in the year to 30 Sep 2025, with £971k profit and 120 employees. The company is classified under “activities of other holding companies” and is based in Exeter; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Exeter, South West
- Age
- 8 yrs · since 2018
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £6.2m | £7.6m | £9.4m | £12.2m |
| Cost of sales | £2.3m | £2.7m | £3.5m | £4.5m |
| Gross profit | £3.9m | £4.9m | £5.9m | £7.7m |
| Operating profit | £139k | £898k | £1.1m | £1.9m |
| Profit before tax | −£274k | £533k | £744k | £1.4m |
| Profit after tax | −£292k | £594k | £391k | £971k |
| Profit (best available) | −£292k | £594k | £391k | £971k |
| Staff costs | £2.1m | £2.4m | £3.1m | £4.1m |
| Employees (average) | 76 | 83 | 97 | 120 |
| Ratios | ||||
| Profit margin | −4.7% | 7.8% | 4.2% | 8% |
| Gross margin | 62.6% | 64.6% | 62.8% | 63% |
| Revenue per employee | £81.5k | £92k | £96.5k | £102k |
| Profit per employee | −£3.8k | £7.2k | £4k | £8.1k |
| Cash conversion | 1340% | 308.4% | 272.4% | 182.6% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲23.3% | ▲22.6% | ▲30.2% |
| Profit growth | — | — | ▼34.1% | ▲148.2% |
| Headcount growth | — | ▲9.2% | ▲16.9% | ▲23.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £278k | £822k | £308k | £961k |
| Net assets | £5.5m | £6.8m | £6.9m | £7.2m |
| Fixed assets | £7.9m | £8.9m | £8.7m | £10.4m |
| Current assets | £3.9m | £4.6m | £4.3m | £5.5m |
| Debtors | £1.2m | £1.4m | £1.8m | £2.2m |
| Cash from operations | £1.9m | £2.8m | £3m | £3.5m |
| Source | Accounts · bulk data Jun 2024 | Accounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 8%
- Profit ÷ revenue.
- Gross margin
- 63%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £102k
- Revenue ÷ average employees.
- Profit per employee
- £8.1k
- Profit ÷ average employees.
- Cash conversion
- 182.6%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 85.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.8%
- 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
- ▲4%
- Now £7.2m
- Cash at bank
- ▲212%
- Now £961k
- Headcount
- ▲24%
- Now 120
- Deferred income
- —
- Now —
- Fixed assets
- ▲20%
- Now £10.4m
Group structure
Subsidiaries (2)
- Thirsty Work LimitedRev. £12.2m · Profit £1.7m
- Hexagon Holdings Property Group LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £971k), 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.