Project Numbers Topco Limited
Registered name: PROJECT NUMBERS TOPCO LIMITED
Part of Eci Partners LLP groupProject Numbers Topco Limited made £47.4m revenue and a £6.7m loss in the year to 31 Mar 2025.
Project Numbers Topco Limited’s revenue grew 98% to £47.4m in the year to 31 Mar 2025, with a loss of £6.7m. The company is classified under “activities of other holding companies” and is based in Oxford; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Oxford
- Age
- 4 yrs · since 2022
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Oct 2022 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £23.9m | £47.4m |
| Cost of sales | — | −£14.1m | −£26.8m |
| Gross profit | — | £9.8m | £20.6m |
| Operating profit | — | −£767k | £871k |
| Profit before tax | — | −£4.5m | −£6.7m |
| Profit after tax | — | −£4.7m | −£6.7m |
| Profit (best available) | — | −£4.7m | −£6.7m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | — | −19.6% | −14.1% |
| Gross margin | — | 41% | 43.4% |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲98.3% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £0 | — | — |
| Net assets | £0 | — | — |
| Source | Accounts · bulk data Jul 2023 | Accounts · bulk data Nov 2024 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −14.1%
- Profit ÷ revenue.
- Gross margin
- 43.4%
- 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
- Eci Partners LLPultimate parent75–100%
- Eci 12 Nominees Limited75–100%
- Hamsard 3215621 Topco Limited75–100%
- Hamsard 3215621 Midco Limited75–100%
- Hamsard 3215621 Bidco Limited75–100%
- Project Numbers Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Project Numbers Midco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit −£6.7m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 21 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.