Pioneer Balmoral Midco Limited
Registered name: PIONEER BALMORAL MIDCO LIMITED
Part of Pioneer 1 UK Master Holdco Limited groupPioneer Balmoral Midco Limited made £105m revenue and a £4.7m loss in the year to 31 Dec 2025.
Pioneer Balmoral Midco Limited’s revenue was £105m in the year to 31 Dec 2025, with a loss of £4.7m. The company is classified under “activities of financial services holding companies” and is based in Widnes; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Widnes, North West
- Age
- 3 yrs · since 2023
- 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 Dec 2024 | 31 Dec 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £84.6m | £105m |
| Cost of sales | −£70.4m | −£80.8m |
| Gross profit | £14.1m | £24.6m |
| Operating profit | −£1.4m | £2m |
| Profit before tax | −£9.2m | −£6.9m |
| Profit after tax | −£5.4m | −£4.7m |
| Profit (best available) | −£5.4m | −£4.7m |
| Employees (average) | 279 | — |
| Ratios | ||
| Profit margin | −6.4% | −4.4% |
| Gross margin | 16.7% | 23.3% |
| Revenue per employee | £303k | — |
| Profit per employee | −£19.4k | — |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data May 2026 |
How the business works
- Profit margin
- −4.4%
- Profit ÷ revenue.
- Gross margin
- 23.3%
- 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
- Pioneer 1 UK Master Holdco Limitedultimate parent75–100%
- Pioneer Balmoral JV Limited75–100%
- Pioneer Balmoral Topco Limited75–100%
- Pioneer Balmoral Midco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Pioneer Balmoral Finance LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£4.7m), from the Companies House accounts bulk data published May 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.