Thrive Childcare and Education Topco Limited
Registered name: THRIVE CHILDCARE AND EDUCATION TOPCO LIMITED
Part of Apiary Capital LLP groupThrive Childcare and Education Topco Limited made £37.3m revenue and a £6m loss in the year to 31 Mar 2025.
Thrive Childcare and Education Topco Limited’s revenue grew 7% to £37.3m in the year to 31 Mar 2025, with a loss of £6m and 1,213 employees. The company is classified under “activities of other holding companies” and is based in Salford; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Salford, North West
- Age
- 7 yrs · since 2019
- 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 Mar 2024 | 31 Mar 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £34.8m | £37.3m |
| Cost of sales | £25.9m | £24.8m |
| Gross profit | £8.9m | £12.5m |
| Operating profit | −£3.3m | −£838k |
| Profit before tax | −£7.9m | −£6.1m |
| Profit after tax | −£7.9m | −£6m |
| Profit (best available) | −£7.9m | −£6m |
| Staff costs | £23m | £24m |
| Employees (average) | 1,285 | 1,213 |
| Ratios | ||
| Profit margin | −22.9% | −16.2% |
| Gross margin | 25.5% | 33.6% |
| Revenue per employee | £27.1k | £30.7k |
| Profit per employee | −£6.2k | −£5k |
| Growth (year on year) | ||
| Revenue growth | — | ▲7.2% |
| Headcount growth | — | ▼5.6% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | £498k | £494k |
| Fixed assets | £36.8m | £35.8m |
| Current assets | £2.1m | £2m |
| Debtors | £98.9k | £105k |
| Cash from operations | £106k | £2.3m |
| Source | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −16.2%
- Profit ÷ revenue.
- Gross margin
- 33.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £30.7k
- Revenue ÷ average employees.
- Profit per employee
- −£5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 96.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.3%
- 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
- ▼1%
- Now £494k
- Cash at bank
- —
- Now —
- Headcount
- ▼6%
- Now 1,213
- Deferred income
- —
- Now —
- Fixed assets
- ▼3%
- Now £35.8m
Group structure
Ownership chain
- Apiary Capital LLPultimate parent75–100%
- Apiary Managing Member Ltd75–100%
- Apiary Capital Partners I Investment GP LLP75–100%
- Thrive Childcare and Education Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Thrive Childcare and Education Holdings LimitedFigures not disclosed
Sister companies (4)
- Project Phoenix Topco LimitedRev. £68m · Profit −£9m
- Project Primis Topco LimitedRev. £52.6m · Profit −£8.5m
- Project Alpha Topco LimitedRev. £32.8m · Profit −£8.6m
- Roar Techmedia Holding 1 LimitedRev. £12.8m · Profit −£4.2m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£6m), from the Companies House accounts bulk data published Dec 2025. 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.