RM Group Topco Limited
Registered name: RM GROUP TOPCO LIMITED
Part of Queen's Park Equity LLP groupRM Group Topco Limited made £9.8m revenue and a £333k loss in the year to 31 Dec 2025.
RM Group Topco Limited’s revenue grew 26% to £9.8m in the year to 31 Dec 2025, with a loss of £333k and 75 employees. The company is classified under “activities of other holding companies” and is based in Richmond; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Richmond, London
- Age
- 4 yrs · since 2022
- 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 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £5.1m | £8m | £7.8m | £9.8m |
| Cost of sales | £2.4m | £3.9m | £3.3m | £4.1m |
| Gross profit | £2.7m | £4.2m | £4.4m | £5.7m |
| Operating profit | −£596k | −£1.1m | −£1.4m | −£806k |
| Profit before tax | −£2.6m | −£3.7m | −£4.4m | −£3.8m |
| Profit after tax | −£86.3k | £4.1k | −£75k | −£333k |
| Profit (best available) | −£86.3k | £4.1k | −£75k | −£333k |
| Staff costs | £2.6m | £4.8m | £5.3m | £6.2m |
| Employees (average) | 84 | 75 | 85 | 75 |
| Ratios | ||||
| Profit margin | −1.7% | 0.1% | −1% | −3.4% |
| Gross margin | 52.2% | 51.9% | 57.2% | 58.4% |
| Revenue per employee | £60.5k | £107k | £91.6k | £131k |
| Profit per employee | −£1k | £54 | −£883 | −£4.4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲58.1% | ▼3.2% | ▲25.9% |
| Profit growth | — | — | ▼1945% | — |
| Headcount growth | — | ▼10.7% | ▲13.3% | ▼11.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.4m | £2.5m | £1.5m | — |
| Net assets | £11.7k | £29.8k | −£57.3k | −£391k |
| Fixed assets | £21.3m | £18.3m | £15.3m | £14.2m |
| Current assets | £3.3m | £4.6m | £3.5m | £4.8m |
| Debtors | £1.8m | £1.5m | £1.7m | £2.8m |
| Cash from operations | £871k | £1.7m | £526k | £1m |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −3.4%
- Profit ÷ revenue.
- Gross margin
- 58.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £131k
- Revenue ÷ average employees.
- Profit per employee
- −£4.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 144.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 28.5%
- 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 −£391k
- Cash at bank
- —
- Now —
- Headcount
- ▼12%
- Now 75
- Deferred income
- —
- Now —
- Fixed assets
- ▼8%
- Now £14.2m
Group structure
Ownership chain
- Queen's Park Equity LLPultimate parent50–75%
- RM Group Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- RM Group Midco LimitedFigures not disclosed
Sister companies (6)
- Cubic Topco LimitedRev. £10.2m · Profit −£299k
- Anima Topco LimitedRev. — · Profit £7.6m
- Ascend Topco LimitedFigures not disclosed
- DCSL Newco LimitedFigures not disclosed
- Forever Topco LimitedFigures not disclosed
- Helix International Topco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£333k), from the Companies House accounts bulk data published Sep 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.