Hurst Topco Limited
Registered name: HURST TOPCO LIMITED
Part of Freshstream II GP LLP groupHurst Topco Limited made £46.8m revenue and a £19.4m loss in the year to 31 May 2025.
Hurst Topco Limited’s revenue grew 1% to £46.8m in the year to 31 May 2025, with a loss of £19.4m and 299 employees. The company is classified under “activities of other holding companies” and is based in Telford; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Telford, West Midlands
- Age
- 5 yrs · since 2021
- 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 | 31 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £43.2m | £46.3m | £46.8m |
| Cost of sales | −£13.4m | −£14.5m | −£13.6m |
| Gross profit | £29.7m | £31.8m | £33.3m |
| Operating profit | −£8.8m | −£6.6m | −£10.6m |
| Profit before tax | −£12.9m | −£16.6m | −£20.8m |
| Profit after tax | −£12.4m | −£16.6m | −£19.4m |
| Profit (best available) | −£12.4m | −£16.6m | −£19.4m |
| Employees (average) | 260 | 270 | 299 |
| Ratios | |||
| Profit margin | −28.8% | −35.9% | −41.5% |
| Gross margin | 68.8% | 68.7% | 71% |
| Revenue per employee | £166k | £172k | £157k |
| Profit per employee | −£47.8k | −£61.5k | −£65k |
| Growth (year on year) | |||
| Revenue growth | — | ▲7.3% | ▲1.1% |
| Headcount growth | — | ▲3.9% | ▲10.7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Feb 2025 | Accounts · bulk data Feb 2025 | Accounts · bulk data Jan 2026 |
How the business works
- Profit margin
- −41.5%
- Profit ÷ revenue.
- Gross margin
- 71%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £157k
- Revenue ÷ average employees.
- Profit per employee
- −£65k
- 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
- ▲11%
- Now 299
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Freshstream II GP LLPultimate parent75–100%
- FS Hurst 1 Limited75–100%
- FS Hurst 2 Limited75–100%
- FS Hurst Holdings Limited50–75%
- Hurst Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Hurst Holdco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 May 2025 (profit −£19.4m), from the Companies House accounts bulk data published Jan 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.