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Company No. 13415314 · Incorporated 24 May 2021

Aardvark Topco Limited

Registered name: AARDVARK TOPCO LIMITED

Part of Bertelsmann UK Limited group

Aardvark Topco Limited made £63.4m revenue and a £454k loss in the year to 31 May 2025.

Aardvark Topco Limited’s revenue grew 13% to £63.4m in the year to 31 May 2025, with a loss of £454k and 90 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection K · Financial and insurance activitiesSIC 64209Activities of other holding companies n.e.c.
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.

Latest accounts · year to 31 May 2025

Key figures

Doing more with less
Revenue
£63.4m
Growth ▲13.5%
Profit
−£454k
Growth —
Profit margin
−0.7%
Gross 68%
Employees
90
Change ▼8.2%
Profit / employee
−£5k
Revenue/employee £704k
Profitable streak
0yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 May 202331 May 202431 May 2025
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£42.8m£55.8m£63.4m
Cost of sales−£13.6m−£18.4m−£20.3m
Gross profit£29.2m£37.5m£43.1m
Operating profit−£1.5m−£1m£3.4m
Profit before tax−£4.7m−£4.8m−£396k
Profit after tax−£5.3m−£4.8m−£454k
Profit (best available)−£5.3m−£4.8m−£454k
Employees (average)669890
Ratios
Profit margin−12.3%−8.6%−0.7%
Gross margin68.2%67.1%68%
Revenue per employee£649k£570k£704k
Profit per employee−£79.7k−£49.3k−£5k
Growth (year on year)
Revenue growth—▲30.5%▲13.5%
Headcount growth—▲48.5%▼8.2%
Balance sheet — indirect signals, not revenue
Net assets———
SourceAccounts · bulk data Jan 2025Accounts · bulk data Jan 2025Accounts · bulk data Nov 2025
Derived from the latest filing

How the business works

Profit margin
−0.7%
Profit ÷ revenue.
Gross margin
68%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£704k
Revenue ÷ average employees.
Profit per employee
−£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.
Indirect — not revenue

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
▼8%
Now 90
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. Bertelsmann UK Limitedultimate parent75–100%
  2. Penguin Random House Limited75–100%
  3. Yeti Bidco Limited75–100%
  4. Aardvark Topco Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Sister companies (1)

From the Persons with Significant Control register (corporate controllers only).

Sources

Latest figures from accounts for the year to 31 May 2025 (profit −£454k), from the Companies House accounts bulk data published Nov 2025. 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.