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Company No. 14203007 · Incorporated 29 Jun 2022

Independence Topco Limited

Registered name: INDEPENDENCE TOPCO LIMITED

Part of Horizon Capital II GP LLP group

Independence Topco Limited made a £151k loss in the year to 31 Mar 2025 (revenue not disclosed).

Independence Topco Limited reported a loss of £151k in the year to 31 Mar 2025; its revenue was not disclosed. It had 0 employees. The company is classified under “other business support service activities” and is based in London; we hold 3 years of its filed accounts.

Profit onlySection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.
Status
Active
Location
London, London
Age
4 yrs · since 2022
Type
Private Limited Company

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.

Latest accounts · year to 31 Mar 2025

Key figures

Small team
Revenue
—
Not disclosed in filing
Profit
−£151k
Growth —
Profit margin
—
 
Employees
0
Change —
Profit / employee
—
 
Profitable streak
0yrs
Consecutive profitable years in our data

This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202331 Mar 202431 Mar 2025
DisclosureNo P&LProfit onlyProfit only
Profit & loss
Revenue (turnover)———
Profit after tax—−£85.5k−£151k
Profit (best available)—−£85.5k−£151k
Employees (average)000
Ratios
Profit margin———
Balance sheet — indirect signals, not revenue
Cash at bank£0——
Net assets£20.5m£836k£684k
Fixed assets£1——
Current assets£20.5m——
Debtors£20.5m£0£0
Deferred income—£38k£15k
SourceAbridgedAccounts · bulk data Dec 2023FullAccounts · bulk data Nov 2025FullAccounts · bulk data Nov 2025
Derived from the latest filing

How the business works

Profit margin
—
Profit ÷ revenue.
Gross margin
—
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.
Indirect — not revenue

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
▼18%
Now £684k
Cash at bank
—
Now —
Headcount
—
Now 0
Deferred income
▼61%
Now £15k
Fixed assets
—
Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Horizon Capital II GP LLPultimate parent50–75%
  2. Independence Topco Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Sister companies (4)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£151k), from the Companies House accounts bulk data published Nov 2025. Spotted an error? Request a correction.

Updated from Companies House on 13 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.