Wise Topco Limited
Registered name: WISE TOPCO LIMITED
Wise Topco Limited made £10.5m revenue and a £12.3m loss in the year to 31 May 2024.
Wise Topco Limited’s revenue fell 1% to £10.5m in the year to 31 May 2024, with a loss of £12.3m and 81 employees. The company is classified under “activities of other holding companies” and is based in Solihull; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Solihull, West Midlands
- Age
- 4 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 May 2022 | 31 May 2023 | 31 May 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £5.6m | £10.6m | £10.5m |
| Cost of sales | £1.1m | £3.2m | −£3.6m |
| Gross profit | £4.5m | £7.5m | £6.9m |
| Operating profit | −£4.5m | −£7.6m | −£9m |
| Profit before tax | −£6.2m | −£10.8m | −£12.9m |
| Profit after tax | −£5.6m | −£10.1m | −£12.3m |
| Profit (best available) | −£5.6m | −£10.1m | −£12.3m |
| Employees (average) | 56 | 76 | 81 |
| Ratios | |||
| Profit margin | −99.5% | −95.1% | −117.1% |
| Gross margin | 80.5% | 70.2% | 65.3% |
| Revenue per employee | £101k | £140k | £130k |
| Profit per employee | −£100k | −£133k | −£152k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼1.1% |
| Headcount growth | — | — | ▲6.6% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £3.3m | £6.2m | — |
| Net assets | £55.6m | £45.7m | — |
| Fixed assets | £89.8m | £81.1m | — |
| Current assets | £4m | £7.4m | — |
| Debtors | £300k | £121k | — |
| Deferred income | £440k | £616k | — |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | Accounts · bulk data Mar 2025 |
How the business works
- Profit margin
- −117.1%
- Profit ÷ revenue.
- Gross margin
- 65.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £130k
- Revenue ÷ average employees.
- Profit per employee
- −£152k
- 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
- ▲7%
- Now 81
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Wise Midco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 May 2024 (profit −£12.3m), from the Companies House accounts bulk data published Mar 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.