The Conduit Holdco Limited
Registered name: THE CONDUIT HOLDCO LIMITED
The Conduit Holdco Limited made £9.3m revenue and a £3.2m loss in the year to 31 Dec 2025.
The Conduit Holdco Limited’s revenue grew 2% to £9.3m in the year to 31 Dec 2025, with a loss of £3.2m and 122 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, 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.
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 | No P&L | Profit only | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £9.1m | £9.3m |
| Cost of sales | — | — | −£1.6m | −£3.3m |
| Gross profit | — | — | £7.5m | £6m |
| Operating profit | — | — | −£9.5m | −£2.8m |
| Profit before tax | — | — | −£10.4m | −£3.2m |
| Profit after tax | — | −£670k | −£9.8m | −£3.2m |
| Profit (best available) | — | −£670k | −£9.8m | −£3.2m |
| Staff costs | — | £1.6m | £2.5m | — |
| Employees (average) | 3 | 22 | 29 | 122 |
| Ratios | ||||
| Profit margin | — | — | −108% | −34.6% |
| Gross margin | — | — | 82.9% | 64.3% |
| Revenue per employee | — | — | £313k | £76k |
| Profit per employee | — | −£30.5k | −£339k | −£26.3k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲1.9% |
| Headcount growth | — | ▲633.3% | ▲31.8% | ▲320.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £358k | £2.5m | £645k | — |
| Net assets | £1.6m | £1.9m | −£7.9m | — |
| Fixed assets | £21.7k | £4.9m | £5.9m | — |
| Current assets | £2.4m | £7m | £725k | — |
| Debtors | £301k | £54.1k | £0 | — |
| Deferred income | £45.6k | £298k | £249k | — |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Apr 2026 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −34.6%
- Profit ÷ revenue.
- Gross margin
- 64.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £76k
- Revenue ÷ average employees.
- Profit per employee
- −£26.3k
- 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
- ▲321%
- Now 122
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£3.2m), 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.