How much does Topwest Limited make?

Topwest Limited reported revenue of £19.6m and £2m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Topwest Limited have?

Topwest Limited reported an average of 539 employees in the year to 31 Mar 2025.

Is Topwest Limited profitable?

Yes — Topwest Limited reported a profit of £2m in the year to 31 Mar 2025.

Company No. 05281111 · Incorporated 9 Nov 2004

Topwest Limited

Registered name: TOPWEST LIMITED

Part of Topacio Holding Limited group

Topwest Limited made £19.6m revenue and £2m profit in the year to 31 Mar 2025.

Topwest Limited’s revenue grew 4% to £19.6m in the year to 31 Mar 2025, with £2m profit and 539 employees. The company is classified under “other retail sale of food in specialised stores” and is based in Chessington; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47290Other retail sale of food in specialised stores

Status: Active
Location: Chessington, London
Age: 21 yrs · since 2004
Type: Private Limited Company

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 31 Mar 2025

Key figures

Capital-lightOperating leverageCash flow filed

Revenue

£19.6m

Growth ▲4%

Profit

£2m

Growth ▲48.4%

Profit margin

10.1%

Gross 60.4%

Employees

539

Change ▲3.1%

Profit / employee

£3.7k

Revenue/employee £36.4k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.6m	£18.1m	£18.8m	£19.6m
Cost of sales	£7m	£7.5m	£8m	£7.8m
Gross profit	£11.6m	£10.5m	£10.9m	£11.8m
Operating profit	£3.7m	£2.1m	£1.9m	£2.5m
Profit before tax	£3.9m	£2m	£1.9m	£2.5m
Profit after tax	£3.1m	£1.6m	£1.3m	£2m
Profit (best available)	£3.1m	£1.6m	£1.3m	£2m
Staff costs	£5.2m	£5.5m	£6.2m	£6.4m
Employees (average)	478	499	523	539
Ratios
Profit margin	16.8%	8.9%	7.1%	10.1%
Gross margin	62.5%	58.3%	57.8%	60.4%
Revenue per employee	£38.9k	£36.3k	£36k	£36.4k
Profit per employee	£6.5k	£3.2k	£2.6k	£3.7k
Cash conversion	−114.4%	−116.9%	−86.2%	−42.5%
Growth (year on year)
Revenue growth	—	▼2.6%	▲4.1%	▲4%
Profit growth	—	▼48.1%	▼17.5%	▲48.4%
Headcount growth	—	▲4.4%	▲4.8%	▲3.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.6m	£1.4m	£908k	£873k
Net assets	—	£2m	£2m	£3.8m
Fixed assets	£2.1m	£2.1m	£2m	£1.8m
Current assets	£3.2m	£2.2m	£2.1m	£3.8m
Debtors	£171k	£269k	£491k	£542k
Deferred income	£211k	£278k	£278k	£324k
Cash from operations	−£4.2m	−£2.5m	−£1.7m	−£1m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: 10.1%; Profit ÷ revenue.
Gross margin: 60.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £36.4k; Revenue ÷ average employees.
Profit per employee: £3.7k; Profit ÷ average employees.
Cash conversion: −42.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 9.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.8%; 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: ▲87%; Now £3.8m
Cash at bank: ▼4%; Now £873k
Headcount: ▲3%; Now 539
Deferred income: ▲16%; Now £324k
Fixed assets: ▼9%; Now £1.8m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Topacio Holding Limitedultimate parent75–100%
Topwest Limitedthis company

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

Sister companies (2)

Topaz LimitedRev. £11.3m · Profit £604k
Meo (NW) LtdFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £2m), from the Companies House accounts bulk data published Nov 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.