Carp Topco Limited
Registered name: CARP TOPCO LIMITED
Carp Topco Limited made £281m revenue and a £46.6m loss in the year to 31 Dec 2025.
Carp Topco Limited’s revenue grew 79% to £281m in the year to 31 Dec 2025, with a loss of £46.6m and 1,891 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £113m | £157m | £281m |
| Cost of sales | −£78.5m | −£107m | −£187m |
| Gross profit | £34.1m | £49.5m | £94.3m |
| Operating profit | −£8.1m | −£10.5m | −£21.1m |
| Profit before tax | −£19.8m | −£30.1m | −£48.4m |
| Profit after tax | −£18.9m | −£29.4m | −£46.6m |
| Profit (best available) | −£18.9m | −£29.4m | −£46.6m |
| Employees (average) | 428 | 915 | 1,891 |
| Ratios | |||
| Profit margin | −16.7% | −18.7% | −16.6% |
| Gross margin | 30.3% | 31.6% | 33.5% |
| Revenue per employee | £263k | £171k | £149k |
| Profit per employee | −£44k | −£32.1k | −£24.7k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲79.4% |
| Headcount growth | — | — | ▲106.7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2025 | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- −16.6%
- Profit ÷ revenue.
- Gross margin
- 33.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £149k
- Revenue ÷ average employees.
- Profit per employee
- −£24.7k
- 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
- ▲107%
- Now 1,891
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Carp Midco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£46.6m), from the Companies House accounts bulk data published Jun 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.