{"name":"NEWBEGIN CORPORATION LIMITED","company_number":"13631763","status":"Active","type":"Private Limited Company","incorporated":"2021-09-20","dissolved":null,"registered_office":"C/O Thompson Commercials Limited Salvesen Way, Clive Sullivan Way, Hull, East Yorkshire, United Kingdom, HU3 4UQ","postcode":"HU3 4UQ","sic_codes":[{"code":64209,"description":"Activities of other holding companies not elsewhere classified"}],"principal_activity":"The principal activity of the group in the year under review was that of commercial vehicle dealers, commercial vehicle leasing and the manufacture of bespoke commercial vehicle bodies.","previous_names":[],"warnings":[],"accounts":{"category":"Group","year_end":"31 December","last_made_up_to":"2024-12-31","next_due":"2026-12-31"},"employees":{"count":305,"accounts_date":"2024-12-31"},"financials":[{"financial_date":"2024-12-31","profit_loss":1519756,"net_assets":3466322,"cash":314945,"average_employees":305},{"financial_date":"2023-12-31","profit_loss":1797040,"net_assets":2204257,"cash":393826,"average_employees":295},{"financial_date":"2022-12-31","net_assets":1103090,"cash":218332}],"officers":{"current":3,"resigned":0,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":null,"outstanding":null},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Newbegin Corporation Limited is a leading private player in the UK commercial vehicle dealership sector, demonstrating strong profitability and asset backing despite working capital challenges typical of the industry. The company benefits from its scale, franchise relationships, and diversified operations but must navigate sector-wide constraints including skilled labour shortages and rising financing costs. Its strategic focus on sustainability and fleet electrification positions it well amid evolving market and regulatory conditions.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/newbegin-corporation","people":"https://www.companiesintheuk.co.uk/company/newbegin-corporation/people","filing_history":"https://www.companiesintheuk.co.uk/company/newbegin-corporation/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/13631763","financials":"https://www.companiesintheuk.co.uk/company/newbegin-corporation/financial","control":"https://www.companiesintheuk.co.uk/company/newbegin-corporation/control","charges":"https://www.companiesintheuk.co.uk/company/newbegin-corporation/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/newbegin-corporation/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/newbegin-corporation"}