NEWBEGIN CORPORATION LIMITED
Company number 13631763 · Monitor this company
Executive 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.
Shareholders' funds
£3,466,322
Balance sheet as at 2024-12-31
What it does
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.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2021-09-20
- Employees
- 305 (2024 accounts · was 295 in 2023)
- Registered office
- C/O Thompson Commercials Limited Salvesen Way, Clive Sullivan Way, Hull, East Yorkshire, United Kingdom, HU3 4UQ
- Postcode
- HU3 4UQ
- Capital
- 160 GBP
- Accounts category
- Group
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2025-09-19
- Next due by
- 2026-10-03
Nature of business (SIC)
- 64209 Activities of other holding companies not elsewhere classified
Officers 3 current
Group structure 2 subsidiaries
From persons-with-significant-control filings on the public register.
Among its peers
Top 10%
by shareholders' funds, of 314 similar companies in HU
2nd largest employer among its local peers (305 staff).
Trading since 2021.
Competitors Hull
This company ranks 23 among activities of other holding companies not elsewhere classified in Hull.