TLG Topco Limited
Registered name: TLG TOPCO LIMITED
Part of Foundation Investment Partners Management LLP groupTLG Topco Limited made £36.9m revenue and £85k profit in the year to 31 Mar 2026.
TLG Topco Limited’s revenue grew 25% to £36.9m in the year to 31 Mar 2026, with £85k profit and 497 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- 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.
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 | 31 Mar 2026 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £15.1m | £29.5m | £36.9m |
| Cost of sales | £12.2m | £20.5m | £23.8m |
| Gross profit | £2.8m | £9.1m | £13.1m |
| Operating profit | £2.3m | £3.7m | £4.1m |
| Profit before tax | −£1.2m | −£3.8m | −£5.9m |
| Profit after tax | £15.8k | £95.9k | £85k |
| Profit (best available) | £15.8k | £95.9k | £85k |
| Staff costs | £7.5m | £15.4m | £19.2m |
| Employees (average) | 373 | 397 | 497 |
| Ratios | |||
| Profit margin | 0.1% | 0.3% | 0.2% |
| Gross margin | 18.7% | 30.7% | 35.4% |
| Revenue per employee | £40.4k | £74.3k | £74.2k |
| Profit per employee | £42 | £242 | £171 |
| Cash conversion | 13.7% | 147.4% | 86% |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲25% |
| Profit growth | — | — | ▼11.4% |
| Headcount growth | — | — | ▲25.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | £943k | £1.1m | £1.2m |
| Fixed assets | £27.8m | £33.8m | £33.6m |
| Current assets | £6.1m | £8.3m | £9.1m |
| Debtors | £2.4m | £2.6m | £2.9m |
| Cash from operations | £310k | £5.5m | £3.6m |
| Source | FullAccounts · bulk data Oct 2025 | FullAccounts · bulk data Oct 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 0.2%
- Profit ÷ revenue.
- Gross margin
- 35.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £74.2k
- Revenue ÷ average employees.
- Profit per employee
- £171
- Profit ÷ average employees.
- Cash conversion
- 86%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 91.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8%
- 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
- ▲11%
- Now £1.2m
- Cash at bank
- —
- Now —
- Headcount
- ▲25%
- Now 497
- Deferred income
- —
- Now —
- Fixed assets
- ▼0%
- Now £33.6m
Group structure
Ownership chain
- Foundation Investment Partners Management LLPultimate parent75–100%
- Foundation Investments Partners UK Limited75–100%
- Foundation Investment Partners II (GP) LLP75–100%
- TLG Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- TLG Midco LimitedRev. £0 · Profit £175k
Sister companies (2)
- Edison Education LimitedRev. £32m · Profit £367k
- Shoo 685 Holdings LimitedRev. £13.5m · Profit −£2.3m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £85k), 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.