Project Excalibur Topco Limited
Registered name: PROJECT EXCALIBUR TOPCO LIMITED
Part of Livingbridge Ep LLP groupProject Excalibur Topco Limited made £44.7m revenue and a £13.5m loss in the year to 31 Dec 2023.
Project Excalibur Topco Limited’s revenue fell 6% to £44.7m in the year to 31 Dec 2023, with a loss of £13.5m and 332 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
- Liquidation
- Location
- London
- Age
- 7 yrs · since 2019
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £43.2m | £47.4m | £44.7m |
| Cost of sales | −£28.9m | −£33.7m | −£29.6m |
| Gross profit | £14.3m | £13.7m | £15.1m |
| Operating profit | −£2.6m | −£3.8m | −£4.2m |
| Profit before tax | −£10m | −£12m | −£13.5m |
| Profit after tax | −£10.2m | −£12.1m | −£13.5m |
| Profit (best available) | −£10.2m | −£12.1m | −£13.5m |
| Employees (average) | 302 | 336 | 332 |
| Ratios | |||
| Profit margin | −23.7% | −25.6% | −30.3% |
| Gross margin | 33.1% | 28.9% | 33.8% |
| Revenue per employee | £143k | £141k | £135k |
| Profit per employee | −£33.8k | −£36.1k | −£40.8k |
| Growth (year on year) | |||
| Revenue growth | — | ▲9.8% | ▼5.6% |
| Headcount growth | — | ▲11.3% | ▼1.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2023 | Accounts · bulk data Sep 2023 | Accounts · bulk data Feb 2025 |
How the business works
- Profit margin
- −30.3%
- Profit ÷ revenue.
- Gross margin
- 33.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £135k
- Revenue ÷ average employees.
- Profit per employee
- −£40.8k
- 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 332
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Livingbridge Ep LLPultimate parent50–75%
- Project Excalibur Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Project Excalibur Midco 1 LimitedLiquidationFigures not disclosed
Sister companies (9)
- Fis Nominee LimitedFigures not disclosed
- Livingbridge 7 General Partner LLPFigures not disclosed
- Livingbridge Enterprise 3 GP LLPFigures not disclosed
- Livingbridge Enterprise 4 General Partner LLPFigures not disclosed
- Livingbridge Enterprise 4 GP LimitedFigures not disclosed
- Livingbridge Enterprise GP LimitedFigures not disclosed
- Livingbridge Enterprise GP LLPFigures not disclosed
- Livingbridge General Partner LLPFigures not disclosed
- Livingbridge GP Holding Company LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2023 (profit −£13.5m), from the Companies House accounts bulk data published Feb 2025. 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.