Riverdale Topco Limited
Registered name: RIVERDALE TOPCO LIMITED
Part of Apposite Capital LLP groupRiverdale Topco Limited made £60.5m revenue and a £29.3m loss in the year to 31 Mar 2024.
Riverdale Topco Limited’s revenue grew 19% to £60.5m in the year to 31 Mar 2024, with a loss of £29.3m and 5 employees. The company is classified under “dental practice activities” and is based in Middlesbrough; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Middlesbrough, North East
- 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. From the filing: “Apposite Healthcare II GP LLP”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £31.8m | £50.7m | £60.5m |
| Gross profit | £16m | £22.8m | £25.6m |
| Operating profit | £4.4m | £5.9m | £7.3m |
| Profit before tax | −£6m | −£12.9m | −£29.3m |
| Profit after tax | −£6.5m | −£12.8m | −£29.3m |
| Profit (best available) | −£6.5m | −£12.8m | −£29.3m |
| Staff costs | £8.8m | £14.8m | £15.3m |
| Employees (average) | 7 | 6 | 5 |
| Ratios | |||
| Profit margin | −20.3% | −25.3% | −48.4% |
| Gross margin | 50.4% | 44.9% | 42.4% |
| Revenue per employee | £4.5m | £8.4m | £12.1m |
| Profit per employee | −£925k | −£2.1m | −£5.9m |
| Cash conversion | 61.6% | 158.1% | 68.9% |
| Growth (year on year) | |||
| Revenue growth | — | ▲59.2% | ▲19.4% |
| Headcount growth | — | ▼14.3% | ▼16.7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £2.3m | £8.3m | — |
| Net assets | £97k | £97k | £120k |
| Fixed assets | £51.2m | £69.1m | £61.6m |
| Current assets | £5.8m | £13.4m | £7.6m |
| Debtors | £994k | £2.4m | £3m |
| Cash from operations | £2.7m | £9.4m | £5.1m |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2025 |
How the business works
- Profit margin
- −48.4%
- Profit ÷ revenue.
- Gross margin
- 42.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £12.1m
- Revenue ÷ average employees.
- Profit per employee
- −£5.9m
- Profit ÷ average employees.
- Cash conversion
- 68.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 101.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 5%
- 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
- ▲24%
- Now £120k
- Cash at bank
- —
- Now —
- Headcount
- ▼17%
- Now 5
- Deferred income
- —
- Now —
- Fixed assets
- ▼11%
- Now £61.6m
Group structure
Ownership chain
- Apposite Capital LLPultimate parent75–100%
- Apposite Healthcare II Member Limited75–100%
- Apposite Healthcare II GP LLP75–100%
- Riverdale Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Riverdale Midco LimitedRev. — · Profit −£4.7m
Sister companies (3)
- Sunshine Care Topco LimitedRev. £136m · Profit −£5.2m
- Mirada Medical Group LimitedRev. — · Profit £0
- Nim Holdco LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from accounts for the year to 31 Mar 2024 (profit −£29.3m), from the Companies House accounts bulk data published Mar 2025. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.