Bright Topco Limited
Registered name: BRIGHT TOPCO LIMITED
Part of TDR Capital LLP groupBright Topco Limited made £462m revenue and a £79.4m loss in the year to 31 Aug 2025.
Bright Topco Limited’s revenue grew 15% to £462m in the year to 31 Aug 2025, with a loss of £79.4m and 3,325 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 Aug 2023 | 31 Aug 2024 | 31 Aug 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £329m | £402m | £462m |
| Cost of sales | −£172m | −£210m | −£223m |
| Gross profit | £157m | £192m | £238m |
| Operating profit | −£22.6m | −£10.4m | £5.7m |
| Profit before tax | −£71m | −£70.6m | −£77.9m |
| Profit after tax | −£64.5m | −£69.7m | −£79.4m |
| Profit (best available) | −£64.5m | −£69.7m | −£79.4m |
| Employees (average) | — | 2,839 | 3,325 |
| Ratios | |||
| Profit margin | −19.6% | −17.4% | −17.2% |
| Gross margin | 47.8% | 47.7% | 51.6% |
| Revenue per employee | — | £141k | £139k |
| Profit per employee | — | −£24.5k | −£23.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▲22.2% | ▲14.9% |
| Headcount growth | — | — | ▲17.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2025 | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- −17.2%
- Profit ÷ revenue.
- Gross margin
- 51.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £139k
- Revenue ÷ average employees.
- Profit per employee
- −£23.9k
- 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
- ▲17%
- Now 3,325
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- TDR Capital LLPultimate parent75–100%
- TDR Nominees 2016 Limited75–100%
- Bright Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Bright Intermediateco LimitedFigures not disclosed
Sister companies (5)
- Sherwood Topco LimitedRev. £425m · Profit −£118m
- Bca Mip Nominee LimitedFigures not disclosed
- Bright Equityco LimitedFigures not disclosed
- Fliegendes Pferd Midco LimitedActive - Proposal to Strike offFigures not disclosed
- Pex Bidco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Aug 2025 (profit −£79.4m), 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.