Hpref II Conrad UK Investments Limited
Registered name: HPREF II CONRAD UK INVESTMENTS LIMITED
Hpref II Conrad UK Investments Limited made £166m revenue and a £22.2m loss in the year to 31 Dec 2025.
Hpref II Conrad UK Investments Limited’s revenue grew 3% to £166m in the year to 31 Dec 2025, with a loss of £22.2m and 1,441 employees. The company is classified under “activities of financial services 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.
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) | £146m | £161m | £166m |
| Cost of sales | −£87.7m | −£95.4m | −£95.5m |
| Gross profit | £58m | £65.4m | £70.4m |
| Operating profit | £17.4m | £18.2m | £25.6m |
| Profit before tax | −£39.2m | −£34.2m | −£25.9m |
| Profit after tax | −£37.8m | −£21.9m | −£22.2m |
| Profit (best available) | −£37.8m | −£21.9m | −£22.2m |
| Employees (average) | — | 1,491 | 1,441 |
| Ratios | |||
| Profit margin | −25.9% | −13.6% | −13.4% |
| Gross margin | 39.8% | 40.7% | 42.4% |
| Revenue per employee | — | £108k | £115k |
| Profit per employee | — | −£14.7k | −£15.4k |
| Growth (year on year) | |||
| Revenue growth | — | ▲10.4% | ▲3.1% |
| Headcount growth | — | — | ▼3.4% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2025 | Accounts · bulk data Jul 2026 |
How the business works
- Profit margin
- −13.4%
- Profit ÷ revenue.
- Gross margin
- 42.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £115k
- Revenue ÷ average employees.
- Profit per employee
- −£15.4k
- 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 1,441
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (2)
- Hpref II Conrad Holdings 1 LimitedFigures not disclosed
- Hpref II Conrad Holdings 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 −£22.2m), from the Companies House accounts bulk data published Jul 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.