Selkie Investments Midstream Bidco Limited
Registered name: SELKIE INVESTMENTS MIDSTREAM BIDCO LIMITED
Part of Wren House Infrastructure GP LLP groupSelkie Investments Midstream Bidco Limited made £248m revenue and a £87.6m loss in the year to 31 Dec 2025.
Selkie Investments Midstream Bidco Limited’s revenue fell 11% to £248m in the year to 31 Dec 2025, with a loss of £87.6m. The company is classified under “activities of other 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.
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 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £277m | £277m | £248m |
| Cost of sales | −£231m | −£210m | −£184m |
| Gross profit | £46.9m | £67.3m | £63.9m |
| Operating profit | £4.2m | £16.7m | −£3.5m |
| Profit before tax | −£99.4m | −£79.7m | −£102m |
| Profit after tax | −£85.7m | −£69m | −£87.6m |
| Profit (best available) | −£85.7m | −£69m | −£87.6m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | −30.9% | −24.9% | −35.4% |
| Gross margin | 16.9% | 24.3% | 25.8% |
| Growth (year on year) | |||
| Revenue growth | — | ▼0.1% | ▼10.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jun 2025 | Accounts · bulk data Jun 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −35.4%
- Profit ÷ revenue.
- Gross margin
- 25.8%
- 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
- Wren House Infrastructure GP LLPultimate parent75–100%
- Wren House Infrastructure Midstream Investments Limited50–75%
- Selkie Investments Midstream Midco 2 Limited75–100%
- Selkie Investments Midstream Bidco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- NSMP Holdco 2 LimitedFigures not disclosed
- Selkie Investments Midstream Norway LimitedFigures 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 −£87.6m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 12 Oct 2026