Project Emanuel Topco Limited
Registered name: PROJECT EMANUEL TOPCO LIMITED
Part of Bridges Sustainable Growth Fund V (General Partner) LLP groupProject Emanuel Topco Limited made £6m revenue and a £1.1m loss in the year to 30 Sep 2025. read from filing text
Project Emanuel Topco Limited’s revenue fell 5% to £6m in the year to 30 Sep 2025, with a loss of £1.1m and 75 employees. The company is classified under “non-trading company” and is based in Hull; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Hull, Yorkshire and The Humber
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £6.4m | £6.4m | £6m |
| Cost of sales | £950k | £1.1m | £1.4m |
| Gross profit | £5.5m | £5.2m | £4.6m |
| Operating profit | −£26.6m | £1.2m | £667k |
| Profit before tax | −£29.2m | −£888k | −£1.6m |
| Profit after tax | £81.7k | −£865k | −£1.1m |
| Profit (best available) | £81.7k | −£865k | −£1.1m |
| Employees (average) | 0 | 69 | 75 |
| Ratios | |||
| Profit margin | 1.3% | −13.6% | −18.7% |
| Gross margin | 85.2% | 82.5% | 76.4% |
| Revenue per employee | — | £92.1k | £80.4k |
| Profit per employee | — | −£12.5k | −£15k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼5.2% |
| Headcount growth | — | — | ▲8.7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | £997k | £1.1m | £2.2m |
| Debtors | £0 | £0 | £0 |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- −18.7%
- Profit ÷ revenue.
- Gross margin
- 76.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £80.4k
- Revenue ÷ average employees.
- Profit per employee
- −£15k
- 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
- 0%
- 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
- ▲95%
- Now £2.2m
- Cash at bank
- —
- Now —
- Headcount
- ▲9%
- Now 75
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Bridges Sustainable Growth Fund V (General Partner) LLPultimate parent75–100%
- Project Emanuel Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Project Emanuel Midco LimitedRev. £0 · Profit £134k
Sister companies (1)
- Riesling Topco LimitedRev. — · Profit −£17.6m
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit −£1.1m), from the Companies House accounts bulk data published Jun 2026. 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.