Newbegin Corporation Limited
Registered name: NEWBEGIN CORPORATION LIMITED
Newbegin Corporation Limited made £104m revenue and £1.5m profit in the year to 31 Dec 2024. read from filing text
Newbegin Corporation Limited’s revenue fell 7% to £104m in the year to 31 Dec 2024, with £1.5m profit and 305 employees. The company is classified under “activities of other holding companies” and is based in Hull; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Hull, Yorkshire and The Humber
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £89.2m | £112m | £104m |
| Cost of sales | £73.9m | £94.1m | £86.2m |
| Gross profit | £15.2m | £17.6m | £17.9m |
| Operating profit | £4.2m | £5.5m | £5.1m |
| Profit before tax | £2.6m | £2.7m | £2.4m |
| Profit after tax | £1.9m | £1.8m | £1.5m |
| Profit (best available) | £1.9m | £1.8m | £1.5m |
| Employees (average) | 273 | 295 | 305 |
| Ratios | |||
| Profit margin | 2.1% | 1.6% | 1.5% |
| Gross margin | 17.1% | 15.7% | 17.2% |
| Revenue per employee | £327k | £378k | £341k |
| Profit per employee | £6.9k | £6.1k | £5k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼6.7% |
| Profit growth | — | — | ▼15.4% |
| Headcount growth | — | — | ▲3.4% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £218k | £394k | £315k |
| Net assets | £1.1m | £2.2m | £3.5m |
| Fixed assets | £22.2m | £22.2m | £22.2m |
| Current assets | £557k | £1.4m | £794k |
| Debtors | £0 | £0 | £0 |
| Deferred income | £7.5k | £22.4k | £46.8k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 1.5%
- Profit ÷ revenue.
- Gross margin
- 17.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £341k
- Revenue ÷ average employees.
- Profit per employee
- £5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 21.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▲57%
- Now £3.5m
- Cash at bank
- ▼20%
- Now £315k
- Headcount
- ▲3%
- Now 305
- Deferred income
- ▲109%
- Now £46.8k
- Fixed assets
- 0%
- Now £22.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (2)
- Newbegin Holdings LimitedRev. £0 · Profit £2.7m
- Thompson Refinishers LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.5m), from the Companies House accounts bulk data published Sep 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.