P.G.L Holdings (N.i.) Ltd
Registered name: P.G.L HOLDINGS (N.I.) LTD
P.G.L Holdings (N.i.) Ltd made £15.1m revenue and £60k profit in the year to 31 Mar 2025.
P.G.L Holdings (N.i.) Ltd’s revenue grew 4% to £15.1m in the year to 31 Mar 2025, with £60k profit and 22 employees. The company is classified under “activities of head offices” and is based in Belfast; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 6 yrs · since 2020
- 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 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £7m | £16m | £14.5m | £15.1m |
| Cost of sales | £5.2m | £12m | £10.8m | £11.3m |
| Gross profit | £1.8m | £4m | £3.7m | £3.8m |
| Operating profit | £856k | £1.8m | £1.3m | £1.3m |
| Profit before tax | £856k | £1.8m | £1.4m | £1.3m |
| Profit after tax | £30k | £130k | £55k | £60k |
| Profit (best available) | £30k | £130k | £55k | £60k |
| Staff costs | £529k | £1.2m | £1.2m | £1.2m |
| Employees (average) | 24 | 23 | 23 | 22 |
| Ratios | ||||
| Profit margin | 0.4% | 0.8% | 0.4% | 0.4% |
| Gross margin | 25.9% | 24.9% | 25.4% | 25.1% |
| Revenue per employee | £293k | £696k | £630k | £684k |
| Profit per employee | £1.3k | £5.7k | £2.4k | £2.7k |
| Cash conversion | −332.7% | 71.7% | 101.2% | 155.7% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▼9.5% | ▲3.9% |
| Profit growth | — | — | ▼57.7% | ▲9.1% |
| Headcount growth | — | — | 0% | ▼4.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1k | £1k | £1k | £1k |
| Net assets | £5.7m | £7.2m | £8.2m | £9.2m |
| Fixed assets | £916k | £1.7m | £1.8m | £3m |
| Current assets | £8.6m | £8.5m | £8.7m | £9.2m |
| Debtors | £2.4m | £2.3m | £2.1m | £2.1m |
| Cash from operations | −£2.8m | £1.3m | £1.4m | £2m |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 0.4%
- Profit ÷ revenue.
- Gross margin
- 25.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £684k
- Revenue ÷ average employees.
- Profit per employee
- £2.7k
- Profit ÷ average employees.
- Cash conversion
- 155.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 20.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.8%
- 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
- ▲12%
- Now £9.2m
- Cash at bank
- 0%
- Now £1k
- Headcount
- ▼4%
- Now 22
- Deferred income
- —
- Now —
- Fixed assets
- ▲70%
- Now £3m
Group structure
Subsidiaries (3)
- Lagan Building Solutions LimitedRev. £15.1m · Profit £1.2m
- P.G.L Acquisitions LtdFigures not disclosed
- P.G.L Properties (N.i.) LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £60k), from the Companies House accounts bulk data published Dec 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.