Waterside Topco Limited
Registered name: WATERSIDE TOPCO LIMITED
Part of Elysian Capital III LP groupWaterside Topco Limited made £72.7m revenue and a £905k loss in the year to 31 Dec 2025.
Waterside Topco Limited’s revenue fell 5% to £72.7m in the year to 31 Dec 2025, with a loss of £905k and 119 employees. The company is classified under “activities of other holding companies” and is based in Windsor; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Windsor, South East
- 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) | £82.9m | £76.3m | £72.7m |
| Cost of sales | −£54.1m | −£47.8m | −£42.9m |
| Gross profit | £28.8m | £28.5m | £29.8m |
| Operating profit | £3.1m | £2.2m | £1.9m |
| Profit before tax | £1.2m | £269k | £254k |
| Profit after tax | −£98.4k | −£891k | −£905k |
| Profit (best available) | −£98.4k | −£891k | −£905k |
| Employees (average) | 103 | 116 | 119 |
| Ratios | |||
| Profit margin | −0.1% | −1.2% | −1.2% |
| Gross margin | 34.8% | 37.3% | 41% |
| Revenue per employee | £805k | £657k | £611k |
| Profit per employee | −£955 | −£7.7k | −£7.6k |
| Growth (year on year) | |||
| Revenue growth | — | ▼8% | ▼4.6% |
| Headcount growth | — | ▲12.6% | ▲2.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −1.2%
- Profit ÷ revenue.
- Gross margin
- 41%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £611k
- Revenue ÷ average employees.
- Profit per employee
- −£7.6k
- 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
- ▲3%
- Now 119
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Elysian Capital III LPultimate parent50–75%
- Waterside Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Waterside Midco LimitedFigures not disclosed
Sister companies (6)
- Newton Topco LimitedRev. £65.3m · Profit −£15.7m
- Ims Euro Topco LimitedRev. £22.6m · Profit £166k
- Jack Topco LimitedRev. — · Profit −£1.9m
- Monza Topco LimitedFigures not disclosed
- Parcel Connect (UK) LimitedActive - Proposal to Strike offFigures not disclosed
- Wellbeing Topco 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 −£905k), 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.