Marlin Topco Limited
Registered name: MARLIN TOPCO LIMITED
Marlin Topco Limited made £135m revenue and a £16.4m loss in the year to 31 Dec 2025.
Marlin Topco Limited’s revenue grew 36% to £135m in the year to 31 Dec 2025, with a loss of £16.4m and 1,054 employees. 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
- 5 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) | £69.3m | £99m | £135m |
| Cost of sales | −£10.6m | −£13.1m | −£18.1m |
| Gross profit | £58.7m | £86m | £117m |
| Operating profit | −£5.7m | −£2m | £3.6m |
| Profit before tax | −£14.4m | −£14.8m | −£15.6m |
| Profit after tax | −£13.1m | −£14.9m | −£16.4m |
| Profit (best available) | −£13.1m | −£14.9m | −£16.4m |
| Employees (average) | 764 | 887 | 1,054 |
| Ratios | |||
| Profit margin | −18.9% | −15.1% | −12.1% |
| Gross margin | 84.7% | 86.8% | 86.6% |
| Revenue per employee | £90.7k | £112k | £128k |
| Profit per employee | −£17.1k | −£16.8k | −£15.5k |
| Growth (year on year) | |||
| Revenue growth | — | ▲42.9% | ▲36% |
| Headcount growth | — | ▲16.1% | ▲18.8% |
| 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
- −12.1%
- Profit ÷ revenue.
- Gross margin
- 86.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £128k
- Revenue ÷ average employees.
- Profit per employee
- −£15.5k
- 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
- ▲19%
- Now 1,054
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Marlin Holdco LimitedRev. £135m · Profit −£31.4m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£16.4m), 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.