Market Topco Limited
Registered name: MARKET TOPCO LIMITED
Market Topco Limited made £17bn revenue and £2.1bn profit in the year to 27 Oct 2024.
Market Topco Limited’s revenue was £17bn in the year to 27 Oct 2024, with £2.1bn profit. The company is classified under “activities of other holding companies” and is based in Bradford; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Bradford, Yorkshire and The Humber
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 27 Oct 2023 | 26 Oct 2024 | 27 Oct 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £18.4bn | £17bn | £17bn |
| Cost of sales | −£18.1bn | −£16.7bn | −£16.7bn |
| Gross profit | £261m | £307m | £307m |
| Operating profit | −£401m | £2.6bn | £2.6bn |
| Profit before tax | −£1.1bn | £2bn | £2bn |
| Profit after tax | −£974m | £2.1bn | £2.1bn |
| Profit (best available) | −£974m | £2.1bn | £2.1bn |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | −5.3% | 12.5% | 12.5% |
| Gross margin | 1.4% | 1.8% | 1.8% |
| Growth (year on year) | |||
| Revenue growth | — | ▼7.3% | — |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2026 | Accounts · bulk data Aug 2025 |
How the business works
- Profit margin
- 12.5%
- Profit ÷ revenue.
- Gross margin
- 1.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Market Holdco 1 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 27 Oct 2024 (profit £2.1bn), from the Companies House accounts bulk data published Aug 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.