Floss Topco Limited
Registered name: FLOSS TOPCO LIMITED
Part of G Square Healthcare Private Equity LLP groupFloss Topco Limited made £45.8m revenue and a £8.2m loss in the year to 31 Mar 2025.
Floss Topco Limited’s revenue grew 13% to £45.8m in the year to 31 Mar 2025, with a loss of £8.2m and 411 employees. The company is classified under “activities of other holding companies” and is based in Watford; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Watford
- Age
- 7 yrs · since 2019
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £40m | £40.7m | £45.8m |
| Cost of sales | −£21.6m | −£21m | −£23.3m |
| Gross profit | £18.4m | £19.7m | £22.5m |
| Operating profit | −£12.4m | −£7m | −£3.9m |
| Profit before tax | −£17.6m | −£11.5m | −£8.2m |
| Profit after tax | −£17m | −£11.5m | −£8.2m |
| Profit (best available) | −£17m | −£11.5m | −£8.2m |
| Employees (average) | 386 | 411 | 411 |
| Ratios | |||
| Profit margin | −42.4% | −28.3% | −17.9% |
| Gross margin | 46.1% | 48.4% | 49.1% |
| Revenue per employee | £104k | £99.1k | £112k |
| Profit per employee | −£44k | −£28.1k | −£20k |
| Growth (year on year) | |||
| Revenue growth | — | ▲1.7% | ▲12.6% |
| Headcount growth | — | ▲6.5% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −17.9%
- Profit ÷ revenue.
- Gross margin
- 49.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £112k
- Revenue ÷ average employees.
- Profit per employee
- −£20k
- 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
- 0%
- Now 411
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- G Square Healthcare Private Equity LLPultimate parent75–100%
- G Square Managing Member Limited75–100%
- G Square Capital (GP) III LLP75–100%
- Floss Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Floss Midco LimitedFigures not disclosed
Sister companies (3)
- Astra Topco LimitedRev. £120m · Profit −£9.7m
- Healthcademia UK LimitedFigures not disclosed
- Images Topco LimitedRev. — · Profit £48k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit −£8.2m), from the Companies House accounts bulk data published Dec 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.