How many employees does Independence Bidco Limited have?

Independence Bidco Limited reported an average of 7 employees in the year to 31 Mar 2025.

Company No. 14203277 · Incorporated 29 Jun 2022

Independence Bidco Limited

Q: Is Independence Bidco Limited profitable?

No — Independence Bidco Limited reported a loss of £3.7m in the year to 31 Mar 2025.

Registered name: INDEPENDENCE BIDCO LIMITED

Independence Bidco Limited made a £3.7m loss in the year to 31 Mar 2025 (revenue not disclosed).

Independence Bidco Limited reported a loss of £3.7m in the year to 31 Mar 2025; its revenue was not disclosed. It had 7 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

−£3.7m

Growth —

Profit margin

—

Employees

Change 0%

Profit / employee

−£523k

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 to	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	No P&L	Profit only	Profit only
Profit & loss
Revenue (turnover)	—	—	—
Operating profit	—	−£975k	−£631k
Profit before tax	—	−£4m	−£3.7m
Profit after tax	—	−£4m	−£3.7m
Profit (best available)	—	−£4m	−£3.7m
Employees (average)	1	7	7
Ratios
Profit margin	—	—	—
Profit per employee	—	−£575k	−£523k
Growth (year on year)
Headcount growth	—	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£547k	£24.4k	£13.2k
Net assets	−£396k	−£4.4m	−£8.1m
Fixed assets	£23.6m	—	—
Current assets	£12.6m	£14m	£20.9m
Debtors	£12.1m	£14m	£20.9m
Deferred income	—	£82.8k	£61.8k
Source	AbridgedAccounts · bulk data Dec 2023	FullAccounts · bulk data Nov 2025	FullAccounts · 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: −£523k; 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: —; Now −£8.1m
Cash at bank: ▼46%; Now £13.2k
Headcount: 0%; Now 7
Deferred income: ▼25%; Now £61.8k
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

Horizon Capital II GP LLPultimate parent50–75%
Independence Topco Limited75–100%
Independence Holdco Limited75–100%
Independence Midco Limited75–100%
Independence Bidco Limitedthis company

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

Subsidiaries (1)

Boston Group Newco LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£3.7m), from the Companies House accounts bulk data published Nov 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.