Duncan & Toplis Audit Limited
Registered name: DUNCAN & TOPLIS AUDIT LIMITED
Part of Kinbrook Holdings Limited groupDuncan & Toplis Audit Limited made £4.9m revenue and £34k profit in the year to 31 Mar 2025.
Duncan & Toplis Audit Limited’s revenue fell 65% to £4.9m in the year to 31 Mar 2025, with £34k profit and 0 employees. The company is classified under “accounting and auditing activities” and is based in Lincolnshire; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Lincolnshire, East Midlands
- Age
- 24 yrs · since 2002
- 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 Mar 2024 | 31 Mar 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £14m | £4.9m |
| Cost of sales | £8.8m | £3.3m |
| Gross profit | £5.2m | £1.6m |
| Operating profit | £912k | −£7k |
| Profit before tax | £823k | £0 |
| Profit after tax | £568k | £34k |
| Profit (best available) | £568k | £34k |
| Staff costs | £7.8m | £0 |
| Employees (average) | 201 | 0 |
| Ratios | ||
| Profit margin | 4% | 0.7% |
| Gross margin | 37.1% | 32.6% |
| Revenue per employee | £69.9k | — |
| Profit per employee | £2.8k | — |
| Cash conversion | −148.1% | — |
| Growth (year on year) | ||
| Revenue growth | — | ▼65.5% |
| Profit growth | — | ▼94% |
| Headcount growth | — | ▼100% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | £791k | £825k |
| Debtors | £699k | £1m |
| Deferred income | £486k | £53k |
| Cash from operations | −£1.4m | £41k |
| Source | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 0.7%
- Profit ÷ revenue.
- Gross margin
- 32.6%
- 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
- 1.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 21%
- 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
- ▲4%
- Now £825k
- Cash at bank
- —
- Now —
- Headcount
- ▼100%
- Now 0
- Deferred income
- ▼89%
- Now £53k
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Kinbrook Holdings Limitedultimate parent75–100%
- Kinbrook Midco 1 Limited75–100%
- Kinbrook Midco 2 Limited75–100%
- Kinbrook Group Limited75–100%
- Duncan & Toplis Group Limited50–75%
- Duncan & Toplis Audit Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Duncan & Toplis LimitedRev. £29.9m · Profit £518k
- Castlegate Financial Management LimitedFigures not disclosed
- Datcom LLPFigures not disclosed
- Duncan & Toplis Legal Services LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £34k), from the Companies House accounts bulk data published Dec 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.