How much does Laddie Topco Limited make?

Laddie Topco Limited reported revenue of £65.8m and a loss of £19.5m in the year to 26 Apr 2025, according to its accounts filed at Companies House.

How many employees does Laddie Topco Limited have?

Laddie Topco Limited reported an average of 401 employees in the year to 26 Apr 2025.

Is Laddie Topco Limited profitable?

No — Laddie Topco Limited reported a loss of £19.5m in the year to 26 Apr 2025.

Company No. 10192112 · Incorporated 20 May 2016

Laddie Topco Limited

Registered name: LADDIE TOPCO LIMITED

Part of Freshstream Investment Partners LLP group

Laddie Topco Limited made £65.8m revenue and a £19.5m loss in the year to 26 Apr 2025.

Laddie Topco Limited’s revenue fell 9% to £65.8m in the year to 26 Apr 2025, with a loss of £19.5m and 401 employees. The company is classified under “wholesale of clothing and footwear” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46420Wholesale of clothing and footwear SIC 47722Retail sale of leather goods in specialised stores

Status: Active
Location: London, London
Age: 10 yrs · since 2016
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 26 Apr 2025

Key figures

Revenue

£65.8m

Growth ▼8.6%

Profit

−£19.5m

Growth —

Profit margin

−29.7%

Gross 59.8%

Employees

401

Change ▼10.9%

Profit / employee

−£48.7k

Revenue/employee £164k

Profitable streak

0yrs

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	27 Apr 2023	26 Apr 2024	27 Apr 2024	26 Apr 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£77.3m	£72m	£72m	£65.8m
Cost of sales	−£33.2m	−£29.1m	−£29.1m	−£26.5m
Gross profit	£44.1m	£42.9m	£42.9m	£39.3m
Operating profit	−£7.5m	−£1.6m	−£1.6m	−£11.6m
Profit before tax	−£14.3m	−£9.4m	−£9.4m	−£20.1m
Profit after tax	−£13.7m	−£8.2m	−£8.2m	−£19.5m
Profit (best available)	−£13.7m	−£8.2m	−£8.2m	−£19.5m
Employees (average)	477	450	450	401
Ratios
Profit margin	−17.7%	−11.4%	−11.4%	−29.7%
Gross margin	57%	59.6%	59.6%	59.8%
Revenue per employee	£162k	£160k	£160k	£164k
Profit per employee	−£28.7k	−£18.2k	−£18.2k	−£48.7k
Growth (year on year)
Revenue growth	—	▼6.9%	—	▼8.6%
Headcount growth	—	▼5.7%	—	▼10.9%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—	—
Source	Accounts · bulk data May 2025	Accounts · bulk data Jan 2026	Accounts · bulk data May 2025	Accounts · bulk data Jan 2026

Derived from the latest filing

How the business works

Profit margin: −29.7%; Profit ÷ revenue.
Gross margin: 59.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £164k; Revenue ÷ average employees.
Profit per employee: −£48.7k; 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.

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: —; Now —
Cash at bank: —; Now —
Headcount: ▼11%; Now 401
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Freshstream Investment Partners LLPultimate parent75–100%
Laddie Topco Limitedthis company

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

Subsidiaries (1)

Laddie Midco LimitedIn AdministrationFigures not disclosed

Sister companies (5)

Avicenna Topco LtdRev. £140m · Profit −£111k
Freshstream Investment Partners Services LimitedFigures not disclosed
Mje Holdco LimitedFigures not disclosed
Top Hat Holdings LimitedFigures not disclosed
Truenoord LimitedLiquidationFigures 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 accounts for the year to 26 Apr 2025 (profit −£19.5m), from the Companies House accounts bulk data published Jan 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.