Top Tubes (Holdings) Limited
Registered name: TOP TUBES (HOLDINGS) LIMITED
Top Tubes (Holdings) Limited made £39.7m revenue and £1.2m profit in the year to 31 Mar 2025. read from filing text
Top Tubes (Holdings) Limited’s revenue fell 18% to £39.7m in the year to 31 Mar 2025, with £1.2m profit and 147 employees. The company is classified under “activities of other holding companies” and is based in Wednesbury; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Wednesbury, West Midlands
- Age
- 3 yrs · since 2023
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £48.3m | £39.7m |
| Cost of sales | £37.9m | £31.5m |
| Gross profit | £10.4m | £8.1m |
| Operating profit | £4.1m | £1.7m |
| Profit before tax | £3.6m | £1.1m |
| Profit after tax | £3.2m | £1.2m |
| Profit (best available) | £3.2m | £1.2m |
| Employees (average) | 149 | 147 |
| Ratios | ||
| Profit margin | 6.6% | 3% |
| Gross margin | 21.6% | 20.5% |
| Revenue per employee | £324k | £270k |
| Profit per employee | £21.2k | £8.1k |
| Growth (year on year) | ||
| Revenue growth | — | ▼17.8% |
| Profit growth | — | ▼62.2% |
| Headcount growth | — | ▼1.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £100 | £100 |
| Net assets | −£245k | −£415k |
| Fixed assets | £20.2m | £20.2m |
| Deferred income | £0 | £0 |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 3%
- Profit ÷ revenue.
- Gross margin
- 20.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £270k
- Revenue ÷ average employees.
- Profit per employee
- £8.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 50.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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 −£415k
- Cash at bank
- 0%
- Now £100
- Headcount
- ▼1%
- Now 147
- Deferred income
- —
- Now £0
- Fixed assets
- 0%
- Now £20.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Top Tubes LimitedRev. £39.7m · Profit −£195k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £1.2m), from the Companies House accounts bulk data published Dec 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.