Copenhagen Topco Limited
Registered name: COPENHAGEN TOPCO LIMITED
Part of August Equity LLP groupCopenhagen Topco Limited made £14.8m revenue and a £5.8m loss in the year to 31 Dec 2024.
Copenhagen Topco Limited’s revenue grew 16% to £14.8m in the year to 31 Dec 2024, with a loss of £5.8m and 62 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 7 yrs · since 2018
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £11.3m | £12.7m | £14.8m |
| Cost of sales | −£3.4m | −£4m | −£5.9m |
| Gross profit | £7.9m | £8.7m | £8.9m |
| Operating profit | −£486k | −£793k | −£323k |
| Profit before tax | −£4.5m | −£6.2m | −£5.4m |
| Profit after tax | −£4.7m | −£6.1m | −£5.8m |
| Profit (best available) | −£4.7m | −£6.1m | −£5.8m |
| Employees (average) | 54 | 59 | 62 |
| Ratios | |||
| Profit margin | −41.8% | −48% | −39.3% |
| Gross margin | 70% | 68.8% | 60% |
| Revenue per employee | £209k | £215k | £238k |
| Profit per employee | −£87.4k | −£103k | −£93.6k |
| Growth (year on year) | |||
| Revenue growth | — | ▲12.6% | ▲16.3% |
| Headcount growth | — | ▲9.3% | ▲5.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 | Accounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −39.3%
- Profit ÷ revenue.
- Gross margin
- 60%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £238k
- Revenue ÷ average employees.
- Profit per employee
- −£93.6k
- 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 62
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- August Equity LLPultimate parent75–100%
- August Equity Management Limited75–100%
- August Equity Partners IV GP Limited75–100%
- August Equity Partners IV General Partner LLP50–75%
- Copenhagen Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Copenhagen Midco LimitedFigures not disclosed
- Copenhagen Nominee LimitedFigures not disclosed
Sister companies (1)
- Picnic Topco LimitedRev. £54.4m · Profit −£16.5m
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 −£5.8m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026