How much does Project Advance Topco Limited make?

Project Advance Topco Limited reported revenue of £470m and £853k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Project Advance Topco Limited have?

Project Advance Topco Limited reported an average of 1,630 employees in the year to 31 Dec 2025.

Is Project Advance Topco Limited profitable?

Yes — Project Advance Topco Limited reported a profit of £853k in the year to 31 Dec 2025.

Company No. 14897765 · Incorporated 26 May 2023

Project Advance Topco Limited

Registered name: PROJECT ADVANCE TOPCO LIMITED

Part of Endless V (GP) LP group

Project Advance Topco Limited made £470m revenue and £853k profit in the year to 31 Dec 2025.

Project Advance Topco Limited’s revenue fell 2% to £470m in the year to 31 Dec 2025, with £853k profit and 1,630 employees. The company is classified under “activities of distribution holding companies” and is based in Great Yarmouth; we hold 2 years of its filed accounts.

Full P&L filedSection K · Financial and insurance activitiesSIC 64204Activities of distribution holding companies

Status: Active
Location: Great Yarmouth, East of England
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.

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

Young and profitable

Revenue

£470m

Growth ▼2.2%

Profit

£853k

Growth —

Profit margin

0.2%

Gross 11.3%

Employees

1,630

Change ▲7.9%

Profit / employee

£523

Revenue/employee £289k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£481m	£470m
Cost of sales	−£434m	−£417m
Gross profit	£46.8m	£53.4m
Operating profit	£18m	£15.8m
Profit before tax	−£6.2m	−£2.6m
Profit after tax	−£6.4m	£853k
Profit (best available)	−£6.4m	£853k
Employees (average)	1,511	1,630
Ratios
Profit margin	−1.3%	0.2%
Gross margin	9.7%	11.3%
Revenue per employee	£318k	£289k
Profit per employee	−£4.3k	£523
Growth (year on year)
Revenue growth	—	▼2.2%
Headcount growth	—	▲7.9%
Balance sheet — indirect signals, not revenue
Net assets	—	—
Source	Accounts · bulk data Jul 2026	Accounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 0.2%; Profit ÷ revenue.
Gross margin: 11.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £289k; Revenue ÷ average employees.
Profit per employee: £523; 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: ▲8%; Now 1,630
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Endless V (GP) LPultimate parent75–100%
Project Advance Topco Limitedthis company

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

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £853k), from the Companies House accounts bulk data published Jul 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.