Advance Topco Limited
Registered name: ADVANCE TOPCO LIMITED
Part of Alcuin Capital Partners LLP groupAdvance Topco Limited made £10.7m revenue and a £1.7m loss in the year to 31 Dec 2024.
Advance Topco Limited’s revenue fell 7% to £10.7m in the year to 31 Dec 2024, with a loss of £1.7m and 104 employees. The company is classified under “activities of head offices” and is based in Bristol; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Bristol
- Age
- 11 yrs · since 2015
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £8.9m | £11.5m | £10.7m |
| Cost of sales | −£2.9m | −£4.1m | −£3.6m |
| Gross profit | £6m | £7.4m | £7.1m |
| Operating profit | −£599k | −£266k | £276k |
| Profit before tax | −£2.5m | −£2.3m | −£1.9m |
| Profit after tax | −£2.3m | −£3.3m | −£1.7m |
| Profit (best available) | −£2.3m | −£3.3m | −£1.7m |
| Employees (average) | 97 | 103 | 104 |
| Ratios | |||
| Profit margin | −25.4% | −28.6% | −15.4% |
| Gross margin | 67.6% | 64.7% | 66.5% |
| Revenue per employee | £91.8k | £112k | £103k |
| Profit per employee | −£23.4k | −£31.9k | −£15.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▲29.2% | ▼6.8% |
| Headcount growth | — | ▲6.2% | ▲1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- −15.4%
- Profit ÷ revenue.
- Gross margin
- 66.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £103k
- Revenue ÷ average employees.
- Profit per employee
- −£15.9k
- 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
- ▲1%
- Now 104
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Alcuin Capital Partners LLPultimate parent75–100%
- Advance Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Advance Bidco LimitedFigures not disclosed
Sister companies (6)
- Alcuin General Partner LimitedFigures not disclosed
- Alcuin GP III CV LLPFigures not disclosed
- Alcuin GP LimitedFigures not disclosed
- Alcuin GP V LLPFigures not disclosed
- Alcuin GP VI LLPFigures not disclosed
- Cumnor Publishing LimitedFigures not disclosed
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£1.7m), from the Companies House accounts bulk data published Jun 2026. 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.