Cannes Topco Ltd
Registered name: CANNES TOPCO LTD
Part of Vitruvian Partners LLP groupCannes Topco Ltd made £573m revenue and a £29.6m loss in the year to 31 Oct 2025.
Cannes Topco Ltd’s revenue grew 9% to £573m in the year to 31 Oct 2025, with a loss of £29.6m. The company is classified under “activities of production holding companies” and is based in Manchester; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Manchester, North West
- 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.
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 Oct 2023 | 31 Oct 2024 | 31 Oct 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £457m | £524m | £573m |
| Cost of sales | −£396m | −£451m | −£495m |
| Gross profit | £60.2m | £72.7m | £77.9m |
| Operating profit | £18m | £18.7m | £20.8m |
| Profit before tax | −£28.3m | −£25.8m | −£27.4m |
| Profit after tax | −£30.3m | −£28m | −£29.6m |
| Profit (best available) | −£30.3m | −£28m | −£29.6m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | −6.6% | −5.3% | −5.2% |
| Gross margin | 13.2% | 13.9% | 13.6% |
| Growth (year on year) | |||
| Revenue growth | — | ▲14.7% | ▲9.3% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2026 |
How the business works
- Profit margin
- −5.2%
- Profit ÷ revenue.
- Gross margin
- 13.6%
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Vitruvian Partners LLPultimate parent75–100%
- Cannes Topco Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Cannes Midco LtdFigures not disclosed
Sister companies (13)
- Halcyon Topco LimitedRev. £1.6bn · Profit −£17.1m
- Bright Heroes Topco LimitedFigures not disclosed
- Etihad Topco LimitedFigures not disclosed
- Opus Topco LimitedRev. — · Profit −£22.5m
- Priestholm Midco LtdFigures not disclosed
- Vip I Nominees LimitedFigures not disclosed
- Vip II Nominees LimitedFigures not disclosed
- Vip III Nominees LimitedFigures not disclosed
- Vip IV Nominees LimitedFigures not disclosed
- Vitruvian Managers LimitedFigures not disclosed
- Vitruvian Partners LimitedFigures not disclosed
- Vitruvian Scotcar General Partner LLPFigures not disclosed
- Vitruvian Scotcar GP LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Oct 2025 (profit −£29.6m), from the Companies House accounts bulk data published Jul 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.