Avicenna Topco Ltd
Registered name: AVICENNA TOPCO LTD
Part of Freshstream Investment Partners LLP groupAvicenna Topco Ltd made £140m revenue and a £111k loss in the year to 31 Jul 2025.
Avicenna Topco Ltd’s revenue fell 21% to £140m in the year to 31 Jul 2025, with a loss of £111k and 1,083 employees. The company is classified under “activities of distribution holding companies” and is based in South Croydon; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- South Croydon, London
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £178m | £177m | £140m |
| Cost of sales | −£129m | −£125m | −£103m |
| Gross profit | £48.6m | £51.8m | £37.5m |
| Operating profit | −£12.3m | −£5m | £1.1m |
| Profit before tax | −£17.6m | −£16.6m | £1.1m |
| Profit after tax | −£15.7m | −£17.4m | −£111k |
| Profit (best available) | −£15.7m | −£17.4m | −£111k |
| Employees (average) | 1,401 | 1,383 | 1,083 |
| Ratios | |||
| Profit margin | −8.8% | −9.8% | −0.1% |
| Gross margin | 27.3% | 29.2% | 26.8% |
| Revenue per employee | £127k | £128k | £129k |
| Profit per employee | −£11.2k | −£12.6k | −£102 |
| Growth (year on year) | |||
| Revenue growth | — | ▼0.4% | ▼20.9% |
| Headcount growth | — | ▼1.3% | ▼21.7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −0.1%
- Profit ÷ revenue.
- Gross margin
- 26.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £129k
- Revenue ÷ average employees.
- Profit per employee
- −£102
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼22%
- Now 1,083
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Freshstream Investment Partners LLPultimate parent75–100%
- Avicenna Topco Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Avicenna Holdco LtdFigures not disclosed
Sister companies (5)
- Laddie Topco LimitedRev. £65.8m · Profit −£19.5m
- 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).
Sources
Latest figures from accounts for the year to 31 Jul 2025 (profit −£111k), 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.