Cryptic crossword clue
Lead sheep in newly formed company 5-2

The most common and most likely answer to this crossword clue is the 5 letter word START

I've seen this crossword clue in The Times
S
T
A
R
T

Buddy explains!

The straight part
We know that "newly formed company" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case newly formed company = start.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does START mean?

START noun
  1. The beginning of an activity.
  2. A sudden involuntary movement.
  3. The beginning point of a race, a board game, etc.
  4. An appearance in a sports game, horserace, etc., from the beginning of the event.
  5. A young plant germinated in a pot to be transplanted later.
  6. An initial advantage over somebody else; a head start.
START verb
  1. To begin, commence, initiate.
  2. To begin an activity.
  3. To have its origin (at), begin.
  4. To startle or be startled; to move or be moved suddenly.
  5. To break away, to come loose.
  6. To put into play.
  7. To pour out; to empty; to tap and begin drawing from.
  8. To start one's periods (menstruation).
START noun
  1. A tail, or anything projecting like a tail.
  2. A handle, especially that of a plough.
  3. The curved or inclined front and bottom of a water wheel bucket.
  4. The arm, or level, of a gin, drawn around by a horse.

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