Marshall of Cambridge (Holdings) Limited
Registered name: MARSHALL OF CAMBRIDGE (HOLDINGS) LIMITED
Marshall of Cambridge (Holdings) Limited made £235m revenue and a £39.9m loss in the year to 31 Dec 2025.
Marshall of Cambridge (Holdings) Limited’s revenue fell 22% to £235m in the year to 31 Dec 2025, with a loss of £39.9m and 1,584 employees. The company is classified under “activities of head offices” and is based in Cambridge; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Cambridge, East of England
- Age
- 40 yrs · since 1986
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £321m | £301m | £235m |
| Cost of sales | −£233m | −£254m | −£181m |
| Gross profit | £88m | £46.9m | £54m |
| Operating profit | −£9m | −£128m | −£58m |
| Profit before tax | £1.9m | −£123m | −£51.5m |
| Profit after tax | £612k | −£120m | −£39.9m |
| Profit (best available) | £612k | −£120m | −£39.9m |
| Employees (average) | 2,249 | 2,081 | 1,584 |
| Ratios | |||
| Profit margin | 0.2% | −39.9% | −17% |
| Gross margin | 27.4% | 15.6% | 23% |
| Revenue per employee | £143k | £145k | £148k |
| Profit per employee | £272 | −£57.7k | −£25.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▼6.3% | ▼22% |
| Profit growth | — | ▼19721% | — |
| Headcount growth | — | ▼7.5% | ▼23.9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2025 | Accounts · bulk data Aug 2026 |
How the business works
- Profit margin
- −17%
- Profit ÷ revenue.
- Gross margin
- 23%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £148k
- Revenue ÷ average employees.
- Profit per employee
- −£25.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼24%
- Now 1,584
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (5)
- MGPH LimitedRev. £3.4m · Profit −£797k
- Cambridge Aero Club Limited(The)Figures not disclosed
- Marshall Adg LtdFigures not disclosed
- Marshall Cambridge Airport LtdFigures not disclosed
- Marshall of Cambridge (Engineering) LimitedActive - Proposal to Strike offFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£39.9m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.