How much does Polaris (Topco) Limited make?

Polaris (Topco) Limited reported revenue of £26.8m and a loss of £12.3m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

Is Polaris (Topco) Limited profitable?

No — Polaris (Topco) Limited reported a loss of £12.3m in the year to 31 Dec 2025.

Company No. 14984263 · Incorporated 6 Jul 2023

Polaris (Topco) Limited

Registered name: POLARIS (TOPCO) LIMITED

Part of Bowmark Capital LLP group

Polaris (Topco) Limited made £26.8m revenue and a £12.3m loss in the year to 31 Dec 2025.

Polaris (Topco) Limited’s revenue was £26.8m in the year to 31 Dec 2025, with a loss of £12.3m. The company is classified under “other business support service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
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.

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£26.8m

Growth —

Profit

−£12.3m

Growth —

Profit margin

−45.9%

Gross 65.7%

Employees

—

Change —

Profit / employee

—

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 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£7m	£28.2m	£26.8m
Cost of sales	−£2.6m	−£10.2m	−£9.2m
Gross profit	£4.3m	£18m	£17.6m
Operating profit	−£2.7m	−£11.1m	−£11m
Profit before tax	−£2.9m	−£12.5m	−£12.4m
Profit after tax	−£2.9m	−£12.8m	−£12.3m
Profit (best available)	−£2.9m	−£12.8m	−£12.3m
Employees (average)	—	—	—
Ratios
Profit margin	−42.2%	−45.5%	−45.9%
Gross margin	62.3%	63.8%	65.7%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Jul 2025	Accounts · bulk data Jul 2025	Accounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −45.9%; Profit ÷ revenue.
Gross margin: 65.7%; 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: —; 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: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Bowmark Capital LLPultimate parent75–100%
Bowmark Capital (Holdings) Limited75–100%
Bowmark Capital Partners GP Limited75–100%
Bowmark GP VI LLP50–75%
Polaris (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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit −£12.3m), from the Companies House accounts bulk data published Sep 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.