Hazel Newco Limited
Registered name: HAZEL NEWCO LIMITED
Part of Lloyds Banking Group PLC groupHazel Newco Limited made £38.9m revenue and a £10m loss in the year to 31 Mar 2025.
Hazel Newco Limited’s revenue grew 2% to £38.9m in the year to 31 Mar 2025, with a loss of £10m. The company is classified under “activities of other holding companies” and is based in Haslingden; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Haslingden, North West
- Age
- 5 yrs · since 2021
- 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
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Profit only | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £37.7m | £38m | £38.9m |
| Cost of sales | — | −£30.3m | −£30.8m | −£30.5m |
| Gross profit | — | £7.4m | £7.1m | £8.4m |
| Operating profit | — | −£4.8m | −£4.7m | −£1.3m |
| Profit before tax | — | −£11.6m | −£13.3m | −£10.5m |
| Profit after tax | −£4.1m | −£7m | −£10.6m | −£10m |
| Profit (best available) | −£4.1m | −£7m | −£10.6m | −£10m |
| Employees (average) | 0 | 0 | — | — |
| Ratios | ||||
| Profit margin | — | −18.5% | −27.9% | −25.8% |
| Gross margin | — | 19.7% | 18.8% | 21.6% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲0.7% | ▲2.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | −£3.8m | −£10.7m | — | — |
| Fixed assets | £67.4m | £67.4m | — | — |
| Current assets | £18k | £3.6k | — | — |
| Debtors | £0 | £0 | — | — |
| Deferred income | £0 | £0 | — | — |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2024 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −25.8%
- Profit ÷ revenue.
- Gross margin
- 21.6%
- 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.
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 —
Group structure
Ownership chain
- Lloyds Banking Group PLCultimate parent75–100%
- LBG Equity Investments Limited75–100%
- Lloyds Development Capital (Holdings) Limited75–100%
- LDC (General Partner) Limited75–100%
- LDC GP LLP50–75%
- Hazel Newco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Texecom LimitedRev. £37.2m · Profit £1.1m
Sister companies (8)
- Wind Bidco LimitedRev. £55.1m · Profit −£5.5m
- Project Bridgerton Bidco LimitedRev. £10.8m · Profit −£3.6m
- Biozone Scientific Group LimitedRev. — · Profit −£830k
- Ensco 1327 LimitedLiquidationFigures not disclosed
- Ensco 1337 LimitedRev. — · Profit −£1.4m
- Leo Topco LimitedFigures not disclosed
- Project Penny LimitedRev. — · Profit −£7.6m
- Safari Bidco LimitedFigures not disclosed
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit −£10m), from the Companies House accounts bulk data published Oct 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.