How much does Project Orion Topco Limited make?

Project Orion Topco Limited reported revenue of £51.1m and a loss of £10.4m in the year to 30 Apr 2025, according to its accounts filed at Companies House.

How many employees does Project Orion Topco Limited have?

Project Orion Topco Limited reported an average of 452 employees in the year to 30 Apr 2025.

Is Project Orion Topco Limited profitable?

No — Project Orion Topco Limited reported a loss of £10.4m in the year to 30 Apr 2025.

Company No. 15920987 · Incorporated 28 Aug 2024

Project Orion Topco Limited

Registered name: PROJECT ORION TOPCO LIMITED

Part of Cbpe Capital LLP group

Project Orion Topco Limited made £51.1m revenue and a £10.4m loss in the year to 30 Apr 2025.

Project Orion Topco Limited’s revenue was £51.1m in the year to 30 Apr 2025, with a loss of £10.4m and 452 employees. The company is classified under “activities of other holding companies” and is based in Leeds.

Full P&L filedSection K · Financial and insurance activitiesSIC 64209Activities of other holding companies n.e.c.

Status: Active
Location: Leeds, Yorkshire and The Humber
Age: 2 yrs · since 2024
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.

Latest accounts · year to 30 Apr 2025

Key figures

Revenue

£51.1m

Growth —

Profit

−£10.4m

Growth —

Profit margin

−20.4%

Gross 61.4%

Employees

452

Change —

Profit / employee

−£23.1k

Revenue/employee £113k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

1 filed year

Financial history

Multi-year financials, oldest to newest
Year to	30 Apr 2025
Disclosure	Full P&L
Profit & loss
Revenue (turnover)	£51.1m
Cost of sales	−£19.7m
Gross profit	£31.3m
Operating profit	−£4.1m
Profit before tax	−£9.2m
Profit after tax	−£10.4m
Profit (best available)	−£10.4m
Employees (average)	452
Ratios
Profit margin	−20.4%
Gross margin	61.4%
Revenue per employee	£113k
Profit per employee	−£23.1k
Balance sheet — indirect signals, not revenue
Net assets	—
Source	Accounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: −20.4%; Profit ÷ revenue.
Gross margin: 61.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £113k; Revenue ÷ average employees.
Profit per employee: −£23.1k; 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.

Indirect — not revenue

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 452
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Cbpe Capital LLPultimate parent50–75%
Project Orion Topco Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 30 Apr 2025 (profit −£10.4m), 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.