Topstone Capital Limited
Registered name: TOPSTONE CAPITAL LIMITED
Topstone Capital Limited made £996k revenue and £30.9k profit in the year to 31 Mar 2025. read from filing text
Topstone Capital Limited’s revenue grew 40% to £996k in the year to 31 Mar 2025, with £30.9k profit and 6 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £371k | £714k | £996k |
| Cost of sales | £21.7k | £25.9k | £44.5k |
| Gross profit | £349k | £688k | £951k |
| Operating profit | −£83.2k | £22.8k | £28.5k |
| Profit before tax | −£79.3k | £41.4k | £30.9k |
| Profit after tax | −£79.3k | £41.4k | £30.9k |
| Profit (best available) | −£79.3k | £41.4k | £30.9k |
| Staff costs | £280k | £356k | £488k |
| Employees (average) | 4 | 5 | 6 |
| Ratios | |||
| Profit margin | −21.4% | 5.8% | 3.1% |
| Gross margin | 94.2% | 96.4% | 95.5% |
| Revenue per employee | £92.7k | £143k | £166k |
| Profit per employee | −£19.8k | £8.3k | £5.2k |
| Cash conversion | — | 232.6% | −75.2% |
| Growth (year on year) | |||
| Revenue growth | — | ▲92.5% | ▲39.6% |
| Profit growth | — | — | ▼25.3% |
| Headcount growth | — | ▲25% | ▲20% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £237k | £202k | £224k |
| Net assets | £235k | £277k | £308k |
| Fixed assets | £468 | £1.1k | £1.3k |
| Current assets | £281k | £356k | £461k |
| Debtors | £22.9k | £140k | £206k |
| Deferred income | £19.5k | £45.1k | £44.8k |
| Cash from operations | −£37.2k | £52.9k | −£21.5k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Aug 2025 |
How the business works
- Profit margin
- 3.1%
- Profit ÷ revenue.
- Gross margin
- 95.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £166k
- Revenue ÷ average employees.
- Profit per employee
- £5.2k
- Profit ÷ average employees.
- Cash conversion
- −75.2%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 20.7%
- 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
- ▲11%
- Now £308k
- Cash at bank
- ▲11%
- Now £224k
- Headcount
- ▲20%
- Now 6
- Deferred income
- ▼1%
- Now £44.8k
- Fixed assets
- ▲22%
- Now £1.3k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Topstone Capital Nominees LimitedActive - Proposal to Strike offFigures 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 £30.9k), from the Companies House accounts bulk data published Aug 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.