Rainforest Topco Limited
Registered name: RAINFOREST TOPCO LIMITED
Part of Hgcapital LLP groupRainforest Topco Limited made £221m revenue and a £157m loss in the year to 30 Apr 2025.
Rainforest Topco Limited’s revenue grew 26% to £221m in the year to 30 Apr 2025, with a loss of £157m. The company is classified under “activities of other holding companies” and is based in Nottingham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Nottingham, East Midlands
- Age
- 4 yrs · since 2022
- 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 | 30 Apr 2023 | 30 Apr 2024 | 30 Apr 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £111m | £175m | £221m |
| Cost of sales | −£8.6m | −£13.2m | −£18.7m |
| Gross profit | £102m | £162m | £202m |
| Operating profit | −£32.4m | −£27.1m | −£32m |
| Profit before tax | −£86m | −£132m | −£166m |
| Profit after tax | −£79.2m | −£110m | −£157m |
| Profit (best available) | −£79.2m | −£110m | −£157m |
| Employees (average) | 1,041 | 1,532 | — |
| Ratios | |||
| Profit margin | −71.3% | −62.6% | −70.9% |
| Gross margin | 92.3% | 92.4% | 91.6% |
| Revenue per employee | £107k | £114k | — |
| Profit per employee | −£76.1k | −£71.5k | — |
| Growth (year on year) | |||
| Revenue growth | — | ▲57.6% | ▲26.4% |
| Headcount growth | — | ▲47.2% | — |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −70.9%
- Profit ÷ revenue.
- Gross margin
- 91.6%
- 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
Ownership chain
- Hgcapital LLPultimate parent75–100%
- HG Genesis 10 Nominees Limited50–75%
- Rainforest Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Rainforest Midco LimitedFigures not disclosed
Sister companies (1)
- Fern Holdco LimitedRev. £295m · Profit −£81.9m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Apr 2025 (profit −£157m), 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.