Belfry Topco Limited
Registered name: BELFRY TOPCO LIMITED
Belfry Topco Limited made £455m revenue and a £66.1m loss in the year to 31 Mar 2025.
Belfry Topco Limited’s revenue was £455m in the year to 31 Mar 2025, with a loss of £66.1m and 4,073 employees. The company is classified under “activities of other holding companies” and is based in London.
- Status
- Active
- Location
- London
- Age
- 2 yrs · since 2024
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2025 |
|---|---|
| Disclosure | Full P&L |
| Profit & loss | |
| Revenue (turnover) | £455m |
| Cost of sales | −£254m |
| Gross profit | £202m |
| Operating profit | −£36.8m |
| Profit before tax | −£68.7m |
| Profit after tax | −£66.1m |
| Profit (best available) | −£66.1m |
| Employees (average) | 4,073 |
| Ratios | |
| Profit margin | −14.5% |
| Gross margin | 44.3% |
| Revenue per employee | £112k |
| Profit per employee | −£16.2k |
| Balance sheet — indirect signals, not revenue | |
| Net assets | — |
| Source | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −14.5%
- Profit ÷ revenue.
- Gross margin
- 44.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £112k
- Revenue ÷ average employees.
- Profit per employee
- −£16.2k
- 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 4,073
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Belfry 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 −£66.1m), from the Companies House accounts bulk data published Oct 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.