Stonegate Pub Company Pikco Holdings Limited
Registered name: STONEGATE PUB COMPANY PIKCO HOLDINGS LIMITED
Part of TDR Capital LLP groupStonegate Pub Company Pikco Holdings Limited made £1.6bn revenue and a £139m loss in the year to 28 Sep 2025.
Stonegate Pub Company Pikco Holdings Limited’s revenue fell 7% to £1.6bn in the year to 28 Sep 2025, with a loss of £139m and 14,227 employees. The company is classified under “public houses and bars” and is based in Solihull; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Solihull, West Midlands
- Age
- 7 yrs · since 2019
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 29 Sep 2023 | 28 Sep 2024 | 29 Sep 2024 | 28 Sep 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £1.7bn | £1.7bn | £1.7bn | £1.6bn |
| Operating profit | £68m | £249m | £249m | £212m |
| Profit before tax | −£312m | −£272m | −£272m | −£174m |
| Profit after tax | −£210m | −£219m | −£219m | −£139m |
| Profit (best available) | −£210m | −£219m | −£219m | −£139m |
| Employees (average) | 18,649 | 16,723 | 16,723 | 14,227 |
| Ratios | ||||
| Profit margin | −12.2% | −12.5% | −12.5% | −8.6% |
| Revenue per employee | £92.2k | £104k | £104k | £114k |
| Profit per employee | −£11.3k | −£13.1k | −£13.1k | −£9.8k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲1.6% | — | ▼7.3% |
| Headcount growth | — | ▼10.3% | — | ▼14.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2026 | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2026 |
How the business works
- Profit margin
- −8.6%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £114k
- Revenue ÷ average employees.
- Profit per employee
- −£9.8k
- 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
- ▼15%
- Now 14,227
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- TDR Capital LLPultimate parent75–100%
- TDR Capital Stonegate General Partner Limited50–75%
- Stonegate Pub Company Pikco Holdings Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Stonegate Pub Company Pikco LimitedFigures not disclosed
Sister companies (1)
- Stonegate Management Nominees LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 28 Sep 2025 (profit −£139m), from the Companies House accounts bulk data published Apr 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.