HSB Holdings Limited
Registered name: HSB HOLDINGS LIMITED
Part of Hutcheon Investments Limited groupHSB Holdings Limited made £181k revenue and £80.7k profit in the year to 30 Nov 2025. read from filing text
HSB Holdings Limited’s revenue fell 7% to £181k in the year to 30 Nov 2025, with £80.7k profit and 0 employees. The company is classified under “activities of head offices” and is based in Aberdeen; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Aberdeen, Scotland
- Age
- 22 yrs · since 2003
- 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 | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 | 30 Nov 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £380k | £197k | £194k | £181k |
| Gross profit | £380k | £197k | — | — |
| Operating profit | −£528k | £164k | £174k | £154k |
| Profit before tax | −£412k | £2.1m | £782k | £108k |
| Profit after tax | −£444k | £2.1m | £754k | £80.7k |
| Profit (best available) | −£444k | £2.1m | £754k | £80.7k |
| Staff costs | £139k | — | — | — |
| Employees (average) | — | 0 | 0 | 0 |
| Ratios | ||||
| Profit margin | −116.8% | 1065% | 389.5% | 44.7% |
| Gross margin | 100% | 100% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▼48.3% | ▼1.5% | ▼6.7% |
| Profit growth | — | — | ▼64% | ▼89.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £51.7k | £122k | £61k | £39.4k |
| Net assets | £1.5m | £574k | £653k | £734k |
| Fixed assets | £3.4m | £3.4m | £3.4m | £3.4m |
| Current assets | £2m | £452k | £947k | £357k |
| Debtors | £1.9m | £330k | £886k | £318k |
| Deferred income | £4.7k | £5.1k | £4.7k | £5k |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 44.7%
- Profit ÷ revenue.
- Gross margin
- —
- 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
- 1872%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 176.1%
- 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 £734k
- Cash at bank
- ▼35%
- Now £39.4k
- Headcount
- —
- Now 0
- Deferred income
- ▲7%
- Now £5k
- Fixed assets
- ▼0%
- Now £3.4m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Hutcheon Investments Limitedultimate parent75–100%
- HSB Holdings Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Hutcheon Services LimitedRev. £20.1m · Profit £484k
- Bourtree Investments LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £80.7k), from the Companies House accounts bulk data published Jul 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.