newbegin corporation limited
newbegin corporation limited Company Information
Company Number
13631763
Next Accounts
Sep 2025
Shareholders
paul thomas simpson
robert ellis thorpe
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
c/o thompson commercials limited, salvesen way, hull, east yorkshire, HU3 4UQ
Website
-newbegin corporation limited Estimated Valuation
Pomanda estimates the enterprise value of NEWBEGIN CORPORATION LIMITED at £193m based on a Turnover of £111.6m and 1.73x industry multiple (adjusted for size and gross margin).
newbegin corporation limited Estimated Valuation
Pomanda estimates the enterprise value of NEWBEGIN CORPORATION LIMITED at £117.5m based on an EBITDA of £16.3m and a 7.23x industry multiple (adjusted for size and gross margin).
newbegin corporation limited Estimated Valuation
Pomanda estimates the enterprise value of NEWBEGIN CORPORATION LIMITED at £4.1m based on Net Assets of £3.1m and 1.31x industry multiple (adjusted for liquidity).
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Newbegin Corporation Limited Overview
Newbegin Corporation Limited is a live company located in hull, HU3 4UQ with a Companies House number of 13631763. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2021, it's largest shareholder is paul thomas simpson with a 40% stake. Newbegin Corporation Limited is a startup, mega sized company, Pomanda has estimated its turnover at £111.6m with unknown growth in recent years.
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Newbegin Corporation Limited Health Check
Pomanda's financial health check has awarded Newbegin Corporation Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £111.6m, make it larger than the average company (£18.9m)
£111.6m - Newbegin Corporation Limited
£18.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Newbegin Corporation Limited
- - Industry AVG
Production
with a gross margin of 15.7%, this company has a higher cost of product (36.3%)
15.7% - Newbegin Corporation Limited
36.3% - Industry AVG
Profitability
an operating margin of 4.9% make it as profitable than the average company (4.5%)
4.9% - Newbegin Corporation Limited
4.5% - Industry AVG
Employees
with 295 employees, this is above the industry average (105)
295 - Newbegin Corporation Limited
105 - Industry AVG
Pay Structure
on an average salary of £20.1k, the company has a lower pay structure (£44.7k)
£20.1k - Newbegin Corporation Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £378.5k, this is more efficient (£191.1k)
£378.5k - Newbegin Corporation Limited
£191.1k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (45 days)
33 days - Newbegin Corporation Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is close to average (44 days)
44 days - Newbegin Corporation Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 33 days, this is in line with average (40 days)
33 days - Newbegin Corporation Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (14 weeks)
4 weeks - Newbegin Corporation Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.2%, this is a higher level of debt than the average (69.7%)
95.2% - Newbegin Corporation Limited
69.7% - Industry AVG
NEWBEGIN CORPORATION LIMITED financials
Newbegin Corporation Limited's latest turnover from December 2023 is £111.6 million and the company has net assets of £3.1 million. According to their latest financial statements, Newbegin Corporation Limited has 295 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 111,648,596 | 89,174,722 |
| Other Income Or Grants | ||
| Cost Of Sales | 94,071,247 | 73,932,430 |
| Gross Profit | 17,577,349 | 15,242,292 |
| Admin Expenses | 12,120,398 | 11,009,307 |
| Operating Profit | 5,456,951 | 4,232,985 |
| Interest Payable | 2,759,182 | 1,607,601 |
| Interest Receivable | ||
| Pre-Tax Profit | 2,697,769 | 2,625,384 |
| Tax | -900,729 | -729,482 |
| Profit After Tax | 1,797,040 | 1,895,902 |
| Dividends Paid | 475,267 | 406,110 |
| Retained Profit | 1,280,634 | 1,596,857 |
| Employee Costs | 5,934,098 | 5,399,128 |
| Number Of Employees | 295 | 273 |
| EBITDA* | 16,262,302 | 13,538,960 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 34,489,506 | 34,487,385 |
| Intangible Assets | 8,738,404 | 9,835,416 |
| Investments & Other | 607,527 | 607,527 |
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 43,835,437 | 44,930,328 |
| Stock & work in progress | 8,700,130 | 7,525,103 |
| Trade Debtors | 10,285,102 | 9,145,865 |
| Group Debtors | ||
| Misc Debtors | 2,587,970 | 1,310,964 |
| Cash | 2,564,231 | 3,135,706 |
| misc current assets | ||
| total current assets | 24,137,433 | 21,117,638 |
| total assets | 67,972,870 | 66,047,966 |
| Bank overdraft | ||
| Bank loan | 1,269,411 | 995,857 |
| Trade Creditors | 11,505,617 | 12,295,441 |
| Group/Directors Accounts | ||
| other short term finances | 1,323 | |
| hp & lease commitments | 9,220,568 | 7,925,878 |
| other current liabilities | 5,005,197 | 3,021,483 |
| total current liabilities | 27,000,793 | 24,239,982 |
| loans | 12,654,123 | 14,085,084 |
| hp & lease commitments | 18,900,561 | 19,399,550 |
| Accruals and Deferred Income | ||
| other liabilities | 6,000,000 | 6,000,000 |
| provisions | 166,106 | 393,936 |
| total long term liabilities | 37,720,790 | 39,878,570 |
| total liabilities | 64,721,583 | 64,118,552 |
| net assets | 3,144,158 | 1,863,524 |
| total shareholders funds | 3,144,158 | 1,863,524 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 5,456,951 | 4,232,985 |
| Depreciation | 9,708,339 | 8,166,886 |
| Amortisation | 1,097,012 | 1,139,089 |
| Tax | -900,729 | -729,482 |
| Stock | 1,175,027 | 7,525,103 |
| Debtors | 2,416,243 | 10,456,829 |
| Creditors | -789,824 | 12,295,441 |
| Accruals and Deferred Income | 1,983,714 | 3,021,483 |
| Deferred Taxes & Provisions | -227,830 | 393,936 |
| Cash flow from operations | 12,736,363 | 10,538,406 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 607,527 | |
| cash flow from investments | -607,527 | |
| Financing Activities | ||
| Bank loans | 273,554 | 995,857 |
| Group/Directors Accounts | ||
| Other Short Term Loans | -1,323 | 1,323 |
| Long term loans | -1,430,961 | 14,085,084 |
| Hire Purchase and Lease Commitments | 795,701 | 27,325,428 |
| other long term liabilities | 6,000,000 | |
| share issue | ||
| interest | -2,759,182 | -1,607,601 |
| cash flow from financing | -3,122,211 | 47,066,758 |
| cash and cash equivalents | ||
| cash | -571,475 | 3,135,706 |
| overdraft | ||
| change in cash | -571,475 | 3,135,706 |
newbegin corporation limited Credit Report and Business Information
Newbegin Corporation Limited Competitor Analysis
Perform a competitor analysis for newbegin corporation limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in HU3 area or any other competitors across 12 key performance metrics.
newbegin corporation limited Ownership
NEWBEGIN CORPORATION LIMITED group structure
Newbegin Corporation Limited has 2 subsidiary companies.
Ultimate parent company
NEWBEGIN CORPORATION LIMITED
13631763
2 subsidiaries
newbegin corporation limited directors
Newbegin Corporation Limited currently has 3 directors. The longest serving directors include Mr James Swaby (Sep 2021) and Mr Paul Simpson (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Swaby | United Kingdom | 37 years | Sep 2021 | - | Director |
| Mr Paul Simpson | United Kingdom | 62 years | Sep 2021 | - | Director |
| Mr Robert Thorpe | United Kingdom | 48 years | Sep 2021 | - | Director |
P&L
December 2023turnover
111.6m
+25%
operating profit
5.5m
+29%
gross margin
15.8%
-7.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.1m
+0.69%
total assets
68m
+0.03%
cash
2.6m
-0.18%
net assets
Total assets minus all liabilities
Similar Companies
newbegin corporation limited company details
company number
13631763
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
September 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
SMAILES GOLDIE
address
c/o thompson commercials limited, salvesen way, hull, east yorkshire, HU3 4UQ
Bank
-
Legal Advisor
-
newbegin corporation limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to newbegin corporation limited. Currently there are 2 open charges and 0 have been satisfied in the past.
newbegin corporation limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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newbegin corporation limited Companies House Filings - See Documents
| date | description | view/download |
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