Noel Topco Limited
Registered name: NOEL TOPCO LIMITED
Part of Yusen Logistics Global Management Co., Ltd. groupNoel Topco Limited made £767k profit in the year to 31 Mar 2025 (revenue not disclosed).
Noel Topco Limited reported £767k profit in the year to 31 Mar 2025; its revenue was not disclosed. It had 0 employees. The company is classified under “activities of other holding companies” and is based in Sheffield; we hold 3 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Sheffield, Yorkshire and The Humber
- Age
- 9 yrs · since 2017
- 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. From the filing: “Up to 20 February 2024, the ultimate controlling party was Phoenix Private Equity Limited, registered office: 10th Floor, Victoria Street, London, England, SW1E 6DE.”
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
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 | Profit only | Profit only | Profit only |
| Profit & loss | |||
| Revenue (turnover) | — | — | — |
| Cost of sales | £64.5m | £59.9m | £56.9m |
| Profit after tax | −£1.4m | −£1.3m | £767k |
| Profit (best available) | −£1.4m | −£1.3m | £767k |
| Staff costs | £0 | £0 | £0 |
| Employees (average) | 0 | 0 | 0 |
| Ratios | |||
| Profit margin | — | — | — |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £6m | £5.1m | £6.1m |
| Net assets | £547k | £17.2m | −£9.9m |
| Fixed assets | £744k | £541k | £259k |
| Debtors | £0 | £0 | £0 |
| Deferred income | £0 | £0 | £0 |
| Cash from operations | −£7.6m | −£3.2m | −£5.1m |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- ▼158%
- Now −£9.9m
- Cash at bank
- ▲19%
- Now £6.1m
- Headcount
- —
- Now 0
- Deferred income
- —
- Now £0
- Fixed assets
- ▼52%
- Now £259k
Group structure
Ownership chain
- Yusen Logistics Global Management Co., Ltd. (registered outside the UK register)ultimate parent75–100%
- International Logistics Group Limited75–100%
- Noel Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Noel Midco LimitedActive - Proposal to Strike offRev. £0 · Profit £125k
Sister companies (1)
- Global Freight Solutions Ltd.Rev. £80m · Profit £4.1m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £767k), 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.