How much does Santorini (Topco) Limited make?

Santorini (Topco) Limited reported revenue of £78.7m and a loss of £30.1m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Santorini (Topco) Limited have?

Santorini (Topco) Limited reported an average of 744 employees in the year to 31 Dec 2025.

Is Santorini (Topco) Limited profitable?

No — Santorini (Topco) Limited reported a loss of £30.1m in the year to 31 Dec 2025.

Company No. 14212811 · Incorporated 4 Jul 2022

Santorini (Topco) Limited

Registered name: SANTORINI (TOPCO) LIMITED

Part of Bowmark Capital LLP group

Santorini (Topco) Limited made £78.7m revenue and a £30.1m loss in the year to 31 Dec 2025.

Santorini (Topco) Limited’s revenue grew 4% to £78.7m in the year to 31 Dec 2025, with a loss of £30.1m and 744 employees. The company is classified under “other business support service activities” and is based in Nottingham; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Nottingham, East Midlands
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 Dec 2025

Key figures

Revenue

£78.7m

Growth ▲3.6%

Profit

−£30.1m

Growth —

Profit margin

−38.3%

Gross 29.6%

Employees

744

Change ▲11.5%

Profit / employee

−£40.5k

Revenue/employee £106k

Profitable streak

0yrs

Consecutive profitable years in our data

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 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£44.8m	£75.9m	£78.7m
Cost of sales	−£30.4m	−£52.6m	−£55.4m
Gross profit	£14.4m	£23.4m	£23.3m
Operating profit	−£11.2m	−£11.4m	−£10.2m
Profit before tax	−£27.6m	−£34.5m	−£30.5m
Profit after tax	−£26.9m	−£33.9m	−£30.1m
Profit (best available)	−£26.9m	−£33.9m	−£30.1m
Employees (average)	551	667	744
Ratios
Profit margin	−59.9%	−44.6%	−38.3%
Gross margin	32.1%	30.8%	29.6%
Revenue per employee	£81.3k	£114k	£106k
Profit per employee	−£48.7k	−£50.8k	−£40.5k
Growth (year on year)
Revenue growth	—	▲69.4%	▲3.6%
Headcount growth	—	▲21.1%	▲11.5%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Aug 2025	Accounts · bulk data Aug 2025	Accounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: −38.3%; Profit ÷ revenue.
Gross margin: 29.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £106k; Revenue ÷ average employees.
Profit per employee: −£40.5k; 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 —
Cash at bank: —; Now —
Headcount: ▲12%; Now 744
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Bowmark Capital LLPultimate parent75–100%
Bowmark Capital (Holdings) Limited75–100%
Bowmark Capital Partners GP Limited75–100%
Bowmark GP VI LLP50–75%
Santorini (Topco) Limitedthis company

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

Subsidiaries (1)

Santorini (Midco 1) LimitedFigures not disclosed

Sister companies (8)

Cirrus (Topco) LimitedRev. £28.4m · Profit −£37.6m
Polaris (Topco) LimitedRev. £26.8m · Profit −£12.3m
Bowmark Capital Partners VI, Nominees LimitedFigures not disclosed
Bowmark Investment Partnership VI, Nominees LimitedFigures not disclosed
Bowmark Investment Partnership-J, Nominees LimitedFigures not disclosed
Bowmark Investment Partnership-L, Nominees LimitedFigures not disclosed
Bowmark Investment Partnership-M, Nominees LimitedFigures not disclosed
Plato Topco LimitedRev. — · Profit −£478k

Minority corporate shareholders

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 accounts for the year to 31 Dec 2025 (profit −£30.1m), from the Companies House accounts bulk data published Aug 2026. 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.