Turnstone Equityco 1 Limited
Registered name: TURNSTONE EQUITYCO 1 LIMITED
Part of Bridgepoint Group Holdings Limited groupTurnstone Equityco 1 Limited made £632m revenue and a £51m loss in the year to 31 Mar 2025.
Turnstone Equityco 1 Limited’s revenue grew 10% to £632m in the year to 31 Mar 2025, with a loss of £51m and 6,534 employees. The company is classified under “activities of other holding companies” and is based in Manchester; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Manchester
- Age
- 15 yrs · since 2011
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £574m | £632m |
| Cost of sales | −£284m | −£320m |
| Gross profit | £290m | £312m |
| Operating profit | £6.1m | £424k |
| Profit before tax | −£57m | −£65.5m |
| Profit after tax | −£51.1m | −£51m |
| Profit (best available) | −£51.1m | −£51m |
| Employees (average) | 6,289 | 6,534 |
| Ratios | ||
| Profit margin | −8.9% | −8.1% |
| Gross margin | 50.5% | 49.3% |
| Revenue per employee | £91.2k | £96.7k |
| Profit per employee | −£8.1k | −£7.8k |
| Growth (year on year) | ||
| Revenue growth | — | ▲10.1% |
| Headcount growth | — | ▲3.9% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Dec 2025 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −8.1%
- Profit ÷ revenue.
- Gross margin
- 49.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £96.7k
- Revenue ÷ average employees.
- Profit per employee
- −£7.8k
- 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
- ▲4%
- Now 6,534
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Bridgepoint Group Holdings Limitedultimate parent75–100%
- Bridgepoint Advisers Group Limited75–100%
- Bridgepoint Advisers Holdings75–100%
- Bridgepoint Europe (SGP) Ltd75–100%
- Bridgepoint Europe VII GP LLP75–100%
- Maxilla Dental Bidco Limited75–100%
- Turnstone Equityco 1 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Turnstone Midco 1 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit −£51m), 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.