How much does Shin Topco Limited make?

Shin Topco Limited reported revenue of £114m and a loss of £14.1m in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does Shin Topco Limited have?

Shin Topco Limited reported an average of 904 employees in the year to 31 May 2025.

Is Shin Topco Limited profitable?

No — Shin Topco Limited reported a loss of £14.1m in the year to 31 May 2025.

Company No. 14515822 · Incorporated 30 Nov 2022

Shin Topco Limited

Registered name: SHIN TOPCO LIMITED

Shin Topco Limited made £114m revenue and a £14.1m loss in the year to 31 May 2025.

Shin Topco Limited’s revenue grew 27% to £114m in the year to 31 May 2025, with a loss of £14.1m and 904 employees. The company is classified under “other service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection S · Other service activitiesSIC 96090Other service activities n.e.c.

Status: Active
Location: London, London
Age: 3 yrs · since 2022
Type: Private Limited Company

Latest accounts · year to 31 May 2025

Key figures

Independent

Revenue

£114m

Growth ▲26.6%

Profit

−£14.1m

Growth —

Profit margin

−12.4%

Gross 50.5%

Employees

904

Change ▲35.1%

Profit / employee

−£15.6k

Revenue/employee £126k

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 May 2023	31 May 2024	31 May 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£27.7m	£89.8m	£114m
Cost of sales	−£9.6m	−£40.4m	−£56.3m
Gross profit	£18.1m	£49.4m	£57.3m
Operating profit	£971k	£3.7m	£2.2m
Profit before tax	−£2.7m	−£12.2m	−£14.7m
Profit after tax	−£3m	−£10.8m	−£14.1m
Profit (best available)	−£3m	−£10.8m	−£14.1m
Employees (average)	579	669	904
Ratios
Profit margin	−10.9%	−12%	−12.4%
Gross margin	65.5%	55%	50.5%
Revenue per employee	£47.8k	£134k	£126k
Profit per employee	−£5.2k	−£16.1k	−£15.6k
Growth (year on year)
Revenue growth	—	▲224.2%	▲26.6%
Headcount growth	—	▲15.5%	▲35.1%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Feb 2025	Accounts · bulk data Feb 2025	Accounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: −12.4%; Profit ÷ revenue.
Gross margin: 50.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £126k; Revenue ÷ average employees.
Profit per employee: −£15.6k; 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: ▲35%; Now 904
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Subsidiaries (2)

Primas Newco 3 LimitedActive - Proposal to Strike offRev. — · Profit £241k
Shin Holdco 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 accounts for the year to 31 May 2025 (profit −£14.1m), from the Companies House accounts bulk data published Feb 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.