PWC Topco Limited
Registered name: PWC TOPCO LIMITED
Part of Limerston Capital Partners I GP LLP groupPWC Topco Limited made £0 revenue and £182k profit in the year to 31 Mar 2025. read from filing text
PWC Topco Limited’s revenue was £0 in the year to 31 Mar 2025, with £182k profit and 2 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 6 yrs · since 2020
- 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: “PWC Newco Limited”
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
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 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £0 | £0 | £0 | £0 |
| Operating profit | −£82k | −£67k | £0 | −£43k |
| Profit before tax | £73k | £123k | £177k | £182k |
| Profit after tax | £73k | £123k | £177k | £182k |
| Profit (best available) | £73k | £123k | £177k | £182k |
| Employees (average) | 2 | 2 | 2 | 2 |
| Ratios | ||||
| Profit margin | — | — | — | — |
| Revenue per employee | £0 | £0 | £0 | £0 |
| Profit per employee | £36.5k | £61.5k | £88.5k | £91k |
| Growth (year on year) | ||||
| Profit growth | — | — | ▲43.9% | ▲2.8% |
| Headcount growth | — | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £318k | £243k | £243k | £557k |
| Net assets | £2m | £2.2m | £2.3m | £2.5m |
| Current assets | £18.3m | £20.1m | £22m | £24.8m |
| Debtors | £18m | £19.8m | £21.8m | £24.2m |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £0
- Revenue ÷ average employees.
- Profit per employee
- £91k
- 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
- ▲8%
- Now £2.5m
- Cash at bank
- ▲129%
- Now £557k
- Headcount
- 0%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Limerston Capital Partners I GP LLPultimate parent75–100%
- PWC Newco Limited75–100%
- PWC Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- PWC Midco LimitedRev. £0 · Profit −£22k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £182k), 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.