VRT Topco Ltd
Registered name: VRT TOPCO LTD
VRT Topco Ltd made £112m revenue and a £6.7m loss in the year to 31 Dec 2025.
VRT Topco Ltd’s revenue grew 3% to £112m in the year to 31 Dec 2025, with a loss of £6.7m and 384 employees. The company is classified under “activities of production holding companies” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- 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 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £97.2m | £108m | £112m |
| Cost of sales | −£15.6m | −£16.4m | −£16.8m |
| Gross profit | £81.5m | £91.9m | £94.7m |
| Operating profit | −£6.4m | £1.5m | £6.2m |
| Profit before tax | −£6.1m | −£9.6m | −£4.7m |
| Profit after tax | −£8.9m | −£17.8m | −£6.7m |
| Profit (best available) | −£8.9m | −£17.8m | −£6.7m |
| Employees (average) | 301 | 328 | 384 |
| Ratios | |||
| Profit margin | −9.2% | −16.4% | −6% |
| Gross margin | 83.9% | 84.9% | 84.9% |
| Revenue per employee | £323k | £330k | £290k |
| Profit per employee | −£29.6k | −£54.3k | −£17.5k |
| Growth (year on year) | |||
| Revenue growth | — | ▲11.5% | ▲3% |
| Headcount growth | — | ▲9% | ▲17.1% |
| 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
- −6%
- Profit ÷ revenue.
- Gross margin
- 84.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £290k
- Revenue ÷ average employees.
- Profit per employee
- −£17.5k
- 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
- ▲17%
- Now 384
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- VRT Bidco LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£6.7m), 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.