CVC Secondary Partners, LLP
Registered name: CVC SECONDARY PARTNERS, LLP
Part of Cvc Capital Partners Plc groupCVC Secondary Partners, LLP made £136m revenue and £64.7m profit in the year to 31 Dec 2025.
CVC Secondary Partners, LLP’s revenue grew 69% to £136m in the year to 31 Dec 2025, with £64.7m profit and 68 employees. The company is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 11 yrs · since 2015
- Type
- Limited Liability Partnership
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £86.1m | £80.3m | £136m |
| Operating profit | £38.7m | £30.6m | £65.9m |
| Profit before tax | £39.4m | £31.3m | £66.7m |
| Profit after tax | £37.3m | £29m | £64.7m |
| Profit (best available) | £37.3m | £29m | £64.7m |
| Employees (average) | 42 | 51 | 68 |
| Ratios | |||
| Profit margin | 43.3% | 36.2% | 47.6% |
| Revenue per employee | £2m | £1.6m | £2m |
| Profit per employee | £887k | £570k | £951k |
| Growth (year on year) | |||
| Revenue growth | — | ▼6.7% | ▲69.2% |
| Profit growth | — | ▼22.1% | ▲122.6% |
| Headcount growth | — | ▲21.4% | ▲33.3% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 47.6%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £2m
- Revenue ÷ average employees.
- Profit per employee
- £951k
- 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
- ▲33%
- Now 68
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Cvc Capital Partners Plc (registered outside the UK register)ultimate parent75–100%
- CVC Secondary Partners, LLPthis 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
Latest figures from accounts for the year to 31 Dec 2025 (profit £64.7m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026