Condor Topco Limited
Registered name: CONDOR TOPCO LIMITED
Condor Topco Limited made £26.6m revenue and a £8.4m loss in the year to 31 Dec 2025.
Condor Topco Limited’s revenue fell 6% to £26.6m in the year to 31 Dec 2025, with a loss of £8.4m. The company is classified under “activities of other holding companies” and is based in London; we hold 3 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £40.6m | £28.4m | £26.6m |
| Cost of sales | −£19.2m | −£13.3m | −£12.4m |
| Gross profit | £21.4m | £15.1m | £14.3m |
| Operating profit | £2.7m | £71.3k | −£1.2m |
| Profit before tax | −£5.1m | −£8m | −£9.9m |
| Profit after tax | −£5m | −£7.5m | −£8.4m |
| Profit (best available) | −£5m | −£7.5m | −£8.4m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | −12.3% | −26.3% | −31.4% |
| Gross margin | 52.7% | 53.3% | 53.6% |
| Growth (year on year) | |||
| Revenue growth | — | ▼30.1% | ▼6.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −31.4%
- Profit ÷ revenue.
- Gross margin
- 53.6%
- 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
Subsidiaries (1)
- Condor Holdco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£8.4m), from the Companies House accounts bulk data published Sep 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.