Hamburg Topco Limited
Registered name: HAMBURG TOPCO LIMITED
Part of Apposite Capital LLP groupHamburg Topco Limited made £49.6m revenue and £244k profit in the year to 31 Mar 2025.
Hamburg Topco Limited’s revenue grew 18% to £49.6m in the year to 31 Mar 2025, with £244k profit and 373 employees. The company is classified under “activities of other holding companies” and is based in Croydon; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Croydon, 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 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £8.4m | £28.6m | £41.9m | £49.6m |
| Cost of sales | £5.9m | £19.6m | £30.6m | £36.8m |
| Gross profit | £2.5m | £9m | £11.3m | £12.8m |
| Operating profit | £111k | £1m | £214k | £16.5k |
| Profit before tax | −£690k | −£1.4m | −£3.1m | −£4m |
| Profit after tax | −£767k | £64.1k | £157k | £244k |
| Profit (best available) | −£767k | £64.1k | £157k | £244k |
| Staff costs | £5.3m | £10.4m | £14.5m | £16.5m |
| Employees (average) | 157 | 285 | 347 | 373 |
| Ratios | ||||
| Profit margin | −9.1% | 0.2% | 0.4% | 0.5% |
| Gross margin | 29.5% | 31.5% | 27% | 25.8% |
| Revenue per employee | £53.5k | £100k | £121k | £133k |
| Profit per employee | −£4.9k | £225 | £451 | £655 |
| Cash conversion | 774.2% | 274.5% | 1417% | 17332% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲46.5% | ▲18.4% |
| Profit growth | — | — | ▲144.3% | ▲56.1% |
| Headcount growth | — | — | ▲21.8% | ▲7.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.4m | £2m | £977k | — |
| Net assets | £97.4k | £985k | £2.4m | £4.5m |
| Fixed assets | £17.2m | £22.2m | £23.7m | £26.8m |
| Current assets | £7m | £885k | £10.6m | £11.6m |
| Debtors | £3.6m | £3.5m | £5.2m | £5.1m |
| Cash from operations | £860k | £2.9m | £3m | £2.9m |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | Accounts · bulk data Nov 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 0.5%
- Profit ÷ revenue.
- Gross margin
- 25.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £133k
- Revenue ÷ average employees.
- Profit per employee
- £655
- Profit ÷ average employees.
- Cash conversion
- 17332%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 54%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10.2%
- 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
- ▲89%
- Now £4.5m
- Cash at bank
- —
- Now —
- Headcount
- ▲7%
- Now 373
- Deferred income
- —
- Now —
- Fixed assets
- ▲13%
- Now £26.8m
Group structure
Ownership chain
- Apposite Capital LLPultimate parent75–100%
- Apposite Healthcare III GP LLP75–100%
- Hamburg Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Hamburg Midco LimitedRev. £0 · Profit £1.3m
Sister companies (6)
- Oregon Topco LimitedRev. £10.3m · Profit −£2.4m
- Galileo Topco LimitedFigures not disclosed
- Impala Holdco LtdFigures not disclosed
- Orion Fundco LimitedFigures not disclosed
- Ronja Topco LimitedFigures not disclosed
- Simedra Holdco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £244k), from the Companies House accounts bulk data published Dec 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.