Laser Topco Limited
Registered name: LASER TOPCO LIMITED
Part of Icg PLC groupLaser Topco Limited made £88.2m revenue and a £6.9m loss in the year to 31 Dec 2025.
Laser Topco Limited’s revenue fell 8% to £88.2m in the year to 31 Dec 2025, with a loss of £6.9m and 405 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 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 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £102m | £96.2m | £88.2m |
| Cost of sales | −£70m | −£65.4m | −£61.7m |
| Gross profit | £32.3m | £30.9m | £26.5m |
| Operating profit | £7.1m | −£11.7m | £2m |
| Profit before tax | −£303k | −£19.5m | −£5.2m |
| Profit after tax | −£3.6m | −£20.8m | −£6.9m |
| Profit (best available) | −£3.6m | −£20.8m | −£6.9m |
| Employees (average) | 504 | 469 | 405 |
| Ratios | |||
| Profit margin | −3.5% | −21.6% | −7.8% |
| Gross margin | 31.6% | 32.1% | 30% |
| Revenue per employee | £203k | £205k | £218k |
| Profit per employee | −£7.1k | −£44.3k | −£17k |
| Growth (year on year) | |||
| Revenue growth | — | ▼5.9% | ▼8.4% |
| Headcount growth | — | ▼6.9% | ▼13.7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jun 2025 | Accounts · bulk data Jun 2025 | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- −7.8%
- Profit ÷ revenue.
- Gross margin
- 30%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £218k
- Revenue ÷ average employees.
- Profit per employee
- −£17k
- 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
- ▼14%
- Now 405
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Icg PLCultimate parent50–75%
- Laser Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Laser Holdco LimitedFigures not disclosed
- Laser Nomineeco LimitedFigures not disclosed
Sister companies (11)
- Icg Asset Management LimitedFigures not disclosed
- Icg Carbon Funding LimitedFigures not disclosed
- Icg Co-Investment 2024 Plus LimitedFigures not disclosed
- Icg FMC LimitedFigures not disclosed
- Icg Global Investment UK LimitedFigures not disclosed
- Icg Longbow Development (Brighton) LimitedFigures not disclosed
- Icg Longbow Richmond LimitedFigures not disclosed
- Icg Longbow Senior Debt I GP LimitedFigures not disclosed
- Icg-Longbow BTR LimitedFigures not disclosed
- Intermediate Capital Investments LimitedFigures not disclosed
- Lrec Partners Investments No. 2 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 −£6.9m), from the Companies House accounts bulk data published Jun 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.