How much does Believe Developments Limited make?

Believe Developments Limited reported revenue of £11.1m and £488k profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

Is Believe Developments Limited profitable?

Yes — Believe Developments Limited reported a profit of £488k in the year to 31 Mar 2026.

Company No. 13278183 · Incorporated 19 Mar 2021

Believe Developments Limited

Registered name: BELIEVE DEVELOPMENTS LIMITED

Believe Developments Limited made £11.1m revenue and £488k profit in the year to 31 Mar 2026.

Believe Developments Limited’s revenue grew 167% to £11.1m in the year to 31 Mar 2026, with £488k profit. The company is classified under “development of building projects” and is based in Seaham; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects

Status: Active
Location: Seaham, North East
Age: 5 yrs · since 2021
Type: Private Limited Company

Latest accounts · year to 31 Mar 2026

Key figures

IndependentOperating leverage

Revenue

£11.1m

Growth ▲166.9%

Profit

£488k

Growth ▲248.6%

Profit margin

4.4%

Gross 5%

Employees

—

Change —

Profit / employee

—

Profitable streak

3yrs

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	31 Mar 2024	31 Mar 2025	31 Mar 2026
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.4m	£4.2m	£11.1m
Cost of sales	−£3.3m	−£4m	−£10.6m
Gross profit	£126k	£207k	£558k
Operating profit	£57k	£122k	£482k
Profit before tax	£59k	£140k	£488k
Profit (best available)	£59k	£140k	£488k
Employees (average)	—	—	—
Ratios
Profit margin	1.7%	3.4%	4.4%
Gross margin	3.7%	5%	5%
Growth (year on year)
Revenue growth	—	▲22.8%	▲166.9%
Profit growth	—	▲137.3%	▲248.6%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Aug 2025	Accounts · bulk data Aug 2025	Accounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 4.4%; Profit ÷ revenue.
Gross margin: 5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2026 (profit £488k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.