How much does Bowmoor Topco Limited make?

Bowmoor Topco Limited reported revenue of £23.9m and a loss of £1.3m in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Bowmoor Topco Limited have?

Bowmoor Topco Limited reported an average of 138 employees in the year to 31 Mar 2025.

Is Bowmoor Topco Limited profitable?

No — Bowmoor Topco Limited reported a loss of £1.3m in the year to 31 Mar 2025.

Company No. 11250968 · Incorporated 12 Mar 2018

Bowmoor Topco Limited

Registered name: BOWMOOR TOPCO LIMITED

Part of Apposite Capital LLP group

Bowmoor Topco Limited made £23.9m revenue and a £1.3m loss in the year to 31 Mar 2025.

Bowmoor Topco Limited’s revenue was £23.9m in the year to 31 Mar 2025, with a loss of £1.3m and 138 employees. The company is classified under “manufacture of medical and dental instruments and supplies” and is based in Cheltenham; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 32500Manufacture of medical and dental instruments and supplies

Status: Active
Location: Cheltenham, South West
Age: 8 yrs · since 2018
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 31 Mar 2025

Key figures

Cash flow filed

Revenue

£23.9m

Growth ▼0.4%

Profit

−£1.3m

Growth —

Profit margin

−5.3%

Gross 45.7%

Employees

138

Change ▼3.5%

Profit / employee

−£9.3k

Revenue/employee £173k

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	31 Mar 2022	31 Mar 2023	28 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£16.6m	£22.6m	£24m	£23.9m
Cost of sales	£9m	£13.5m	£14m	£13m
Gross profit	£7.6m	£9.1m	£10m	£10.9m
Operating profit	£1.7m	£3m	£3.5m	£4m
Profit before tax	−£4.6m	−£4.1m	−£4.8m	−£6.3m
Profit after tax	−£939k	−£1m	−£1.2m	−£1.3m
Profit (best available)	−£939k	−£1m	−£1.2m	−£1.3m
Staff costs	£5.5m	£6.5m	£6.9m	£7m
Employees (average)	123	124	143	138
Ratios
Profit margin	−5.7%	−4.6%	−4.8%	−5.3%
Gross margin	45.6%	40.2%	41.7%	45.7%
Revenue per employee	£135k	£182k	£168k	£173k
Profit per employee	−£7.6k	−£8.5k	−£8.1k	−£9.3k
Cash conversion	73.6%	94.4%	79.5%	94.5%
Growth (year on year)
Revenue growth	—	▲36.6%	▲6.1%	▼0.4%
Headcount growth	—	▲0.8%	▲15.3%	▼3.5%
Balance sheet — indirect signals, not revenue
Net assets	−£2.8m	−£3.9m	−£5m	−£6.3m
Fixed assets	£18.9m	£17.9m	£16.9m	£15.9m
Current assets	£7m	£7m	£7m	£7m
Debtors	£4.5m	£5.6m	£3.6m	£4.6m
Cash from operations	£1.3m	£2.8m	£2.8m	£3.8m
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024	Accounts · bulk data Dec 2024	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: −5.3%; Profit ÷ revenue.
Gross margin: 45.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £173k; Revenue ÷ average employees.
Profit per employee: −£9.3k; Profit ÷ average employees.
Cash conversion: 94.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 66.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.2%; 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 −£6.3m
Cash at bank: —; Now —
Headcount: ▼4%; Now 138
Deferred income: —; Now —
Fixed assets: ▼5%; Now £15.9m

Corporate ownership

Group structure

Ownership chain

Apposite Capital LLPultimate parent25–50%
Bowmoor Topco Limitedthis company

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

Subsidiaries (1)

Bowmoor Bidco LimitedRev. £0 · Profit −£2.5m

Sister companies (6)

Apposite CP III GP LLPFigures not disclosed
Apposite CP1 (GP) LimitedFigures not disclosed
Apposite Growth I CP GP LLPFigures not disclosed
Apposite Healthcare Growth I GP LLPFigures not disclosed
Apposite Healthcare II Member LimitedFigures not disclosed
Apposite Healthcare III GP LLPFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£1.3m), from the Companies House accounts bulk data published May 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.