Grtopco Limited
Registered name: GRTOPCO LIMITED
Part of Palatine Private Equity LLP groupGrtopco Limited made £26.7m revenue and a £5m loss in the year to 30 Sep 2023.
Grtopco Limited’s revenue grew 10% to £26.7m in the year to 30 Sep 2023, with a loss of £5m and 644 employees. The company is classified under “licensed restaurants” and is based in Manchester; we hold 4 years of its filed accounts.
- Status
- Liquidation
- Location
- Manchester
- Age
- 13 yrs · since 2013
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 25 Sep 2021 | 25 Sep 2022 | 30 Sep 2022 | 30 Sep 2023 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £12.4m | £24.2m | £24.2m | £26.7m |
| Cost of sales | −£9.6m | −£21.8m | −£21.8m | −£25.1m |
| Gross profit | £2.8m | £2.4m | £2.4m | £1.6m |
| Operating profit | −£835k | −£713k | −£713k | −£3.2m |
| Profit before tax | −£1.3m | −£1m | −£1m | −£3.7m |
| Profit after tax | £103k | −£873k | −£873k | −£5m |
| Profit (best available) | £103k | −£873k | −£873k | −£5m |
| Employees (average) | 457 | 612 | 612 | 644 |
| Ratios | ||||
| Profit margin | 0.8% | −3.6% | −3.6% | −18.7% |
| Gross margin | 22.6% | 9.7% | 9.7% | 6% |
| Revenue per employee | £27.2k | £39.5k | £39.5k | £41.4k |
| Profit per employee | £225 | −£1.4k | −£1.4k | −£7.7k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲94.9% | — | ▲10.3% |
| Profit growth | — | ▼947.6% | — | — |
| Headcount growth | — | ▲33.9% | — | ▲5.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2024 |
How the business works
- Profit margin
- −18.7%
- Profit ÷ revenue.
- Gross margin
- 6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £41.4k
- Revenue ÷ average employees.
- Profit per employee
- −£7.7k
- 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
- ▲5%
- Now 644
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Palatine Private Equity LLPultimate parent50–75%
- Grtopco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Gruk LimitedLiquidationFigures not disclosed
Sister companies (11)
- Icelolly Bidco LimitedRev. £100k · Profit −£1m
- Buttercup Topco LimitedFigures not disclosed
- Cyberfort Group LimitedFigures not disclosed
- Epi Group Holdings LtdFigures not disclosed
- Icelolly Topco LimitedRev. — · Profit −£89.6k
- Palatine Feeder GP LimitedFigures not disclosed
- Palatine Growth Credit LLPFigures not disclosed
- Palatine II Scots (GP) LimitedFigures not disclosed
- Palatine Scotland (GP) LimitedFigures not disclosed
- Project Pegasus Topco LimitedFigures not disclosed
- Zeus Private Equity (GP) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Sep 2023 (profit −£5m), from the Companies House accounts bulk data published Dec 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.