Duncan & Toplis Limited
Registered name: DUNCAN & TOPLIS LIMITED
Part of Kinbrook Holdings Limited groupDuncan & Toplis Limited made £29.9m revenue and £518k profit in the year to 31 Mar 2025.
Duncan & Toplis Limited’s revenue grew 113% to £29.9m in the year to 31 Mar 2025, with £518k profit and 428 employees. The company is classified under “activities of other holding companies” and is based in Grantham; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Grantham, East Midlands
- Age
- 12 yrs · since 2014
- 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 | £29.9m |
| Cost of sales | £9.1m | £18.5m |
| Gross profit | £4.9m | £11.5m |
| Operating profit | −£135k | £231k |
| Profit before tax | £3.5m | £599k |
| Profit after tax | £3.7m | £518k |
| Profit (best available) | £3.7m | £518k |
| Staff costs | £9.4m | £19.3m |
| Employees (average) | 205 | 428 |
| Ratios | ||
| Profit margin | 26.3% | 1.7% |
| Gross margin | 34.9% | 38.3% |
| Revenue per employee | £68.4k | £69.9k |
| Profit per employee | £18k | £1.2k |
| Growth (year on year) | ||
| Revenue growth | — | ▲113.5% |
| Profit growth | — | ▼86% |
| Headcount growth | — | ▲108.8% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.6m | £2.5m |
| Net assets | £2.8m | £3.4m |
| Fixed assets | £1.5m | £13.6m |
| Current assets | £9.1m | £11.2m |
| Debtors | £4.2m | £5.1m |
| Deferred income | £375k | £1.3m |
| Source | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 1.7%
- Profit ÷ revenue.
- Gross margin
- 38.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £69.9k
- Revenue ÷ average employees.
- Profit per employee
- £1.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 45.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.1%
- 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
- ▲18%
- Now £3.4m
- Cash at bank
- ▲51%
- Now £2.5m
- Headcount
- ▲109%
- Now 428
- Deferred income
- ▲250%
- Now £1.3m
- Fixed assets
- ▲815%
- Now £13.6m
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 Limited75–100%
- Duncan & Toplis Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (7)
- Duncan & Toplis Kreston LimitedFigures not disclosed
- Duncan & Toplis Trustees LimitedFigures not disclosed
- Gary Underwood LimitedFigures not disclosed
- Kreston Duncan & Toplis LimitedFigures not disclosed
- Richard James Green LimitedFigures not disclosed
- The Duncan & Toplis FoundationFigures not disclosed
- Torr Waterfield LimitedFigures not disclosed
Sister companies (4)
- Duncan & Toplis Audit LimitedRev. £4.9m · Profit £34k
- 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).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £518k), 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.