Cubic Topco Limited
Registered name: CUBIC TOPCO LIMITED
Part of Queen's Park Equity LLP groupCubic Topco Limited made £10.2m revenue and a £299k loss in the year to 31 Dec 2025.
Cubic Topco Limited’s revenue was £10.2m in the year to 31 Dec 2025, with a loss of £299k and 70 employees. The company is classified under “activities of other holding companies” and is based in London.
- Status
- Active
- Location
- London, London
- Age
- 1 yr · 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2025 |
|---|---|
| Disclosure | Full P&L |
| Profit & loss | |
| Revenue (turnover) | £10.2m |
| Cost of sales | £6.8m |
| Gross profit | £3.4m |
| Operating profit | −£964k |
| Profit before tax | −£2.6m |
| Profit after tax | −£299k |
| Profit (best available) | −£299k |
| Staff costs | £3.2m |
| Employees (average) | 70 |
| Ratios | |
| Profit margin | −2.9% |
| Gross margin | 33.5% |
| Revenue per employee | £146k |
| Profit per employee | −£4.3k |
| Balance sheet — indirect signals, not revenue | |
| Cash at bank | £1m |
| Net assets | −£146k |
| Fixed assets | £12.1m |
| Current assets | £2.6m |
| Debtors | £1.1m |
| Cash from operations | −£593k |
| Source | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −2.9%
- Profit ÷ revenue.
- Gross margin
- 33.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £146k
- Revenue ÷ average employees.
- Profit per employee
- −£4.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 118.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10.5%
- 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 −£146k
- Cash at bank
- —
- Now £1m
- Headcount
- —
- Now 70
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £12.1m
Group structure
Ownership chain
- Queen's Park Equity LLPultimate parent75–100%
- Cubic Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Cubic Midco LimitedFigures not disclosed
- Medimatch Dental Laboratory LimitedFigures not disclosed
Sister companies (6)
- RM Group Topco LimitedRev. £9.8m · Profit −£333k
- 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 −£299k), 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.