Journey Topco Limited
Registered name: JOURNEY TOPCO LIMITED
Part of Rc Acquisitions I Gp Limited (On Behalf Of Rc Acquisitions I Lp) groupJourney Topco Limited made £12m revenue and a £6.3m loss in the year to 31 Oct 2025. read from filing text
Journey Topco Limited’s revenue grew 41% to £12m in the year to 31 Oct 2025, with a loss of £6.3m and 0 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- 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 | 31 Oct 2023 | 31 Oct 2024 | 31 Oct 2025 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £6.6m | £8.5m | £12m |
| Cost of sales | £1.7m | £1.8m | £2.6m |
| Gross profit | £4.9m | £6.7m | £9.3m |
| Operating profit | −£5.5m | −£7.3m | −£4.4m |
| Profit before tax | −£6.9m | −£9.5m | −£7.3m |
| Profit after tax | −£6.9m | −£7.2m | −£6.3m |
| Profit (best available) | −£6.9m | −£7.2m | −£6.3m |
| Staff costs | £0 | £0 | £0 |
| Employees (average) | 0 | 0 | 0 |
| Ratios | |||
| Profit margin | −105.8% | −85.4% | −52.3% |
| Gross margin | 74.8% | 78.8% | 78.1% |
| Growth (year on year) | |||
| Revenue growth | — | ▲29.2% | ▲41.1% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £360k | £304k | £947k |
| Net assets | — | −£14.2m | −£20.4m |
| Fixed assets | £298k | £217k | £135k |
| Debtors | £0 | £0 | £0 |
| Deferred income | £0 | £0 | £0 |
| Cash from operations | −£531k | £2.2m | £3.4m |
| Source | Accounts · bulk data Mar 2024 | FullAccounts · bulk data May 2025 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- −52.3%
- Profit ÷ revenue.
- Gross margin
- 78.1%
- 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
- 1.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- 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
- —
- Now −£20.4m
- Cash at bank
- ▲212%
- Now £947k
- Headcount
- —
- Now 0
- Deferred income
- —
- Now £0
- Fixed assets
- ▼38%
- Now £135k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Rc Acquisitions I Gp Limited (On Behalf Of Rc Acquisitions I Lp) (registered outside the UK register)ultimate parent75–100%
- Journey Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Journey Midco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Oct 2025 (profit −£6.3m), from the Companies House accounts bulk data published May 2026. Spotted an error? Request a correction.
Updated from Companies House on 15 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.