Gibson Topco Limited
Registered name: GIBSON TOPCO LIMITED
Part of Synova Capital GP III LLP groupGibson Topco Limited made £67m revenue and a £8.1m loss in the year to 31 Dec 2025.
Gibson Topco Limited’s revenue grew 18% to £67m in the year to 31 Dec 2025, with a loss of £8.1m and 5 employees. The company is classified under “activities of other holding companies” and is based in Chigwell; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Chigwell, London
- Age
- 10 yrs · since 2016
- 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 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £25.5m | £42m | £56.9m | £67m |
| Cost of sales | — | £29.6m | £37.4m | £40.8m |
| Gross profit | — | £12.4m | £19.5m | £26.2m |
| Operating profit | — | £802k | £6.1m | £12.7m |
| Profit before tax | — | −£18.5m | −£14.4m | −£9.4m |
| Profit after tax | −£6.3m | −£6.2m | −£7.1m | −£8.1m |
| Profit (best available) | −£6.3m | −£6.2m | −£7.1m | −£8.1m |
| Staff costs | — | £28.1m | £36m | £39.1m |
| Employees (average) | 5 | 5 | 5 | 5 |
| Ratios | ||||
| Profit margin | −24.8% | −14.7% | −12.4% | −12.1% |
| Gross margin | — | 29.4% | 34.2% | 39% |
| Revenue per employee | £5.1m | £8.4m | £11.4m | £13.4m |
| Profit per employee | −£1.3m | −£1.2m | −£1.4m | −£1.6m |
| Cash conversion | — | 384.9% | 201.5% | 127.6% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲64.5% | ▲35.5% | ▲17.7% |
| Headcount growth | — | 0% | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | −£24.2m | −£30.3m | −£37.4m | −£45.5m |
| Fixed assets | £186m | £217m | £245m | £267m |
| Current assets | £25.3m | £26.6m | £16.4m | £18.2m |
| Debtors | £1.1m | £1.3m | £1.6m | £2.8m |
| Cash from operations | — | £3.1m | £12.3m | £16.3m |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −12.1%
- Profit ÷ revenue.
- Gross margin
- 39%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £13.4m
- Revenue ÷ average employees.
- Profit per employee
- −£1.6m
- Profit ÷ average employees.
- Cash conversion
- 127.6%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 399.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.2%
- 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 −£45.5m
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 5
- Deferred income
- —
- Now —
- Fixed assets
- ▲9%
- Now £267m
Group structure
Ownership chain
- Synova Capital GP III LLPultimate parent75–100%
- Gibson Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Gibson Bidco LimitedRev. — · Profit −£26k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£8.1m), from the Companies House accounts bulk data published Sep 2026. 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.