Forthglade Pet Food Topco Limited
Registered name: FORTHGLADE PET FOOD TOPCO LIMITED
Part of Apc Topco Limited groupForthglade Pet Food Topco Limited made £39.5m revenue and a £9.5m loss in the year to 30 Sep 2025.
Forthglade Pet Food Topco Limited’s revenue grew 7% to £39.5m in the year to 30 Sep 2025, with a loss of £9.5m. The company is classified under “activities of head offices” and is based in Exeter; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Exeter, South West
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £35.7m | £37.1m | £39.5m |
| Cost of sales | −£25.5m | −£24.7m | −£25.5m |
| Gross profit | £10.2m | £12.4m | £14m |
| Operating profit | −£3.5m | −£1m | −£332k |
| Profit before tax | −£12.1m | −£10.2m | −£9.6m |
| Profit after tax | −£11m | −£10.3m | −£9.5m |
| Profit (best available) | −£11m | −£10.3m | −£9.5m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | −30.8% | −27.8% | −24.2% |
| Gross margin | 28.7% | 33.5% | 35.4% |
| Growth (year on year) | |||
| Revenue growth | — | ▲3.8% | ▲6.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Feb 2025 | Accounts · bulk data Feb 2025 | Accounts · bulk data May 2026 |
How the business works
- Profit margin
- −24.2%
- Profit ÷ revenue.
- Gross margin
- 35.4%
- 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
- Apc Topco Limitedultimate parent75–100%
- Apc Midco Limited75–100%
- Apc Bidco Limited75–100%
- Assisi Pet Care Group Limited75–100%
- Assisi Pet Care Midco Limited75–100%
- Forthglade Pet Food Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Forthglade Pet Food Midco LimitedFigures not disclosed
Sister companies (5)
- Assisi Pet Care (Northern Ireland) LimitedFigures not disclosed
- Assisi Pet Care LimitedFigures not disclosed
- BPN Holdings LimitedFigures not disclosed
- Hollings LimitedFigures not disclosed
- Town and Country Petfoods LimitedRev. — · Profit £0
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Sep 2025 (profit −£9.5m), from the Companies House accounts bulk data published May 2026. 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.