Market Bidco Limited
Registered name: MARKET BIDCO LIMITED
Part of Market Topco Limited groupMarket Bidco Limited made £17bn revenue and £2.4bn profit in the year to 26 Oct 2025.
Market Bidco Limited’s revenue was £17bn in the year to 26 Oct 2025, with £2.4bn profit and 96,231 employees. The company is classified under “activities of other holding companies” and is based in Bradford; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Bradford, Yorkshire and The Humber
- Age
- 5 yrs · since 2021
- 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 | 27 Oct 2023 | 26 Oct 2024 | 27 Oct 2024 | 26 Oct 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £18.4bn | £15.3bn | £17bn | £17bn |
| Cost of sales | −£18.1bn | −£15bn | −£16.7bn | −£16.7bn |
| Gross profit | £261m | £240m | £307m | £307m |
| Operating profit | −£401m | −£142m | £2.6bn | £2.6bn |
| Profit before tax | −£919m | −£538m | £2.2bn | £2.2bn |
| Profit after tax | −£795m | −£368m | £2.4bn | £2.4bn |
| Profit (best available) | −£795m | −£368m | £2.4bn | £2.4bn |
| Employees (average) | — | 101,138 | — | 96,231 |
| Ratios | ||||
| Profit margin | −4.3% | −2.4% | 13.9% | 13.9% |
| Gross margin | 1.4% | 1.6% | 1.8% | 1.8% |
| Revenue per employee | — | £151k | — | £177k |
| Profit per employee | — | −£3.6k | — | £24.5k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼16.8% | — | 0% |
| Profit growth | — | — | — | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2026 | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 13.9%
- Profit ÷ revenue.
- Gross margin
- 1.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £177k
- Revenue ÷ average employees.
- Profit per employee
- £24.5k
- 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 96,231
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Market Topco Limitedultimate parent75–100%
- Market Holdco 1 Limited75–100%
- Market Holdco 2 Limited75–100%
- Market Holdco 3 Limited75–100%
- Market Bidco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Market Bidco Finco PLCFigures not disclosed
- WM Morrison Supermarkets LimitedFigures not disclosed
Sister companies (1)
- Market Parent Finco PLCFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 26 Oct 2025 (profit £2.4bn), from the Companies House accounts bulk data published Aug 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.