Grafton Topco Limited
Registered name: GRAFTON TOPCO LIMITED
Part of S&P Global Inc. groupGrafton Topco Limited made £32.6m revenue and a £31.9m loss in the year to 28 Feb 2025.
Grafton Topco Limited’s revenue fell 48% to £32.6m in the year to 28 Feb 2025, with a loss of £31.9m and 492 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
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 28 Feb 2023 | 28 Feb 2024 | 29 Feb 2024 | 28 Feb 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £63.7m | £63.3m | £63.3m | £32.6m |
| Cost of sales | −£33.6m | −£33.8m | −£33.8m | −£24m |
| Gross profit | £30m | £29.5m | £29.5m | £8.7m |
| Operating profit | −£13.6m | −£19.9m | −£19.9m | −£31.1m |
| Profit before tax | −£59m | £16m | £16m | −£31.9m |
| Profit after tax | −£58.8m | £15.6m | £15.6m | −£31.9m |
| Profit (best available) | −£58.8m | £15.6m | £15.6m | −£31.9m |
| Employees (average) | 481 | 507 | 507 | 492 |
| Ratios | ||||
| Profit margin | −92.4% | 24.6% | 24.6% | −97.6% |
| Gross margin | 47.2% | 46.6% | 46.6% | 26.6% |
| Revenue per employee | £132k | £125k | £125k | £66.3k |
| Profit per employee | −£122k | £30.8k | £30.8k | −£64.7k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼0.5% | — | ▼48.5% |
| Profit growth | — | — | — | ▼304.1% |
| Headcount growth | — | ▲5.4% | — | ▼3% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Nov 2025 | Accounts · bulk data Dec 2024 | Accounts · bulk data Nov 2025 |
How the business works
- Profit margin
- −97.6%
- Profit ÷ revenue.
- Gross margin
- 26.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £66.3k
- Revenue ÷ average employees.
- Profit per employee
- −£64.7k
- 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
- ▼3%
- Now 492
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- S&P Global Inc. (registered outside the UK register)ultimate parent75–100%
- S&P Global Capital Limited75–100%
- Grafton Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Grafton Pikco LimitedFigures not disclosed
Sister companies (2)
- S&P Global Beta LimitedFigures not disclosed
- S&P Global Epsilon LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 28 Feb 2025 (profit −£31.9m), from the Companies House accounts bulk data published Nov 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 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.