XD Topco Limited
Registered name: XD TOPCO LIMITED
Part of Vesta Topco Limited groupXD Topco Limited made £44.9m revenue and a £4.6m loss in the year to 30 Jun 2025.
XD Topco Limited’s revenue grew 1% to £44.9m in the year to 30 Jun 2025, with a loss of £4.6m and 423 employees. The company is classified under “non-trading company” and is based in Leeds; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Leeds, Yorkshire and The Humber
- Age
- 3 yrs · since 2023
- 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 Jun 2024 | 30 Jun 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £44.5m | £44.9m |
| Cost of sales | £30.7m | −£29.9m |
| Gross profit | £13.8m | £15m |
| Operating profit | −£5.3m | −£4.3m |
| Profit before tax | −£7m | −£6.3m |
| Profit after tax | −£7m | −£4.6m |
| Profit (best available) | −£7m | −£4.6m |
| Employees (average) | 462 | 423 |
| Ratios | ||
| Profit margin | −15.8% | −10.3% |
| Gross margin | 31% | 33.4% |
| Revenue per employee | £96.4k | £106k |
| Profit per employee | −£15.3k | −£10.9k |
| Growth (year on year) | ||
| Revenue growth | — | ▲0.8% |
| Headcount growth | — | ▼8.4% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Mar 2025 | Accounts · bulk data Jan 2026 |
How the business works
- Profit margin
- −10.3%
- Profit ÷ revenue.
- Gross margin
- 33.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £106k
- Revenue ÷ average employees.
- Profit per employee
- −£10.9k
- 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.
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 423
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Vesta Topco Limitedultimate parent75–100%
- Vesta Midco Limited75–100%
- Investment Company 24 Bidco Limited75–100%
- Version 1 Software UK Limited75–100%
- XD Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- XD Midco LimitedRev. — · Profit −£52.8k
Sister companies (7)
- Evoco Digital Services LtdRev. £2.7m · Profit £599k
- Automation Logic LtdFigures not disclosed
- Cedar Consulting Holdco LimitedFigures not disclosed
- Qubix International LimitedFigures not disclosed
- Sixtyone Holdings LimitedFigures not disclosed
- Version 1 Solutions LimitedFigures not disclosed
- Version 1 Technology LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Jun 2025 (profit −£4.6m), from the Companies House accounts bulk data published Jan 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.