Ih (Topco) Limited
Registered name: IH (TOPCO) LIMITED
Part of Lagercrantz Group Ab groupIh (Topco) Limited made £27.9m revenue and £1.7m profit in the year to 31 Jul 2025.
Ih (Topco) Limited’s revenue grew 13% to £27.9m in the year to 31 Jul 2025, with £1.7m profit. The company is classified under “activities of other holding companies” and is based in Nottingham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Nottingham, East Midlands
- Age
- 6 yrs · since 2020
- 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 | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £25.6m | £24.8m | £27.9m |
| Cost of sales | −£15.8m | −£15.4m | −£17.3m |
| Gross profit | £9.9m | £9.4m | £10.6m |
| Operating profit | £1.6m | £1.9m | £3m |
| Profit before tax | £885k | £1.3m | £2.4m |
| Profit after tax | £675k | £888k | £1.7m |
| Profit (best available) | £675k | £888k | £1.7m |
| Employees (average) | 166 | 164 | — |
| Ratios | |||
| Profit margin | 2.6% | 3.6% | 6.1% |
| Gross margin | 38.5% | 38% | 38% |
| Revenue per employee | £154k | £151k | — |
| Profit per employee | £4.1k | £5.4k | — |
| Growth (year on year) | |||
| Revenue growth | — | ▼3.2% | ▲12.5% |
| Profit growth | — | ▲31.6% | ▲91.4% |
| Headcount growth | — | ▼1.2% | — |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jan 2025 | Accounts · bulk data Jan 2025 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 6.1%
- Profit ÷ revenue.
- Gross margin
- 38%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Lagercrantz Group Ab (registered outside the UK register)ultimate parent75–100%
- Lagercrantz UK Limited75–100%
- Ih (Topco) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- I Holland Holdings LimitedFigures not disclosed
Sister companies (11)
- BF1 Solutions LimitedRev. £19.8m · Profit £2.1m
- Principal Doorsets LtdRev. £9.2m · Profit £527k
- CP Global LimitedFigures not disclosed
- D. P. Seals LimitedRev. — · Profit £1.3m
- Door & Joinery Solutions LimitedFigures not disclosed
- E-Tech Components (UK) LimitedRev. — · Profit £269k
- Fireco LimitedFigures not disclosed
- HM Holding Ltd.Figures not disclosed
- Marsden Weighing Machine Group LimitedFigures not disclosed
- S & E Group Management LimitedRev. — · Profit £1.1m
- Seebeck 162 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Jul 2025 (profit £1.7m), 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.