How much does Hazel II Topco Limited make?

Hazel II Topco Limited reported revenue of £67.7m and a loss of £8.9m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Hazel II Topco Limited have?

Hazel II Topco Limited reported an average of 561 employees in the year to 31 Dec 2025.

Is Hazel II Topco Limited profitable?

No — Hazel II Topco Limited reported a loss of £8.9m in the year to 31 Dec 2025.

Company No. 15159853 · Incorporated 23 Sep 2023

Hazel II Topco Limited

Registered name: HAZEL II TOPCO LIMITED

Part of Bridgepoint Group Holdings Limited group

Hazel II Topco Limited made £67.7m revenue and a £8.9m loss in the year to 31 Dec 2025.

Hazel II Topco Limited’s revenue grew 20% to £67.7m in the year to 31 Dec 2025, with a loss of £8.9m and 561 employees. The company is classified under “other research and experimental development on natural sciences and engineering” and is based in York; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 72190Other research and experimental development on natural sciences and engineering

Status: Active
Location: York, 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.

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£67.7m

Growth ▲20.4%

Profit

−£8.9m

Growth —

Profit margin

−13.2%

Gross 28.6%

Employees

561

Change ▲12.4%

Profit / employee

−£15.9k

Revenue/employee £121k

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.

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)	£56.3m	£67.7m
Cost of sales	−£39.8m	−£48.4m
Gross profit	£16.5m	£19.3m
Operating profit	−£3.9m	£5.4m
Profit before tax	−£15.8m	−£8.4m
Profit after tax	−£16.3m	−£8.9m
Profit (best available)	−£16.3m	−£8.9m
Employees (average)	499	561
Ratios
Profit margin	−29%	−13.2%
Gross margin	29.3%	28.6%
Revenue per employee	£113k	£121k
Profit per employee	−£32.7k	−£15.9k
Growth (year on year)
Revenue growth	—	▲20.4%
Headcount growth	—	▲12.4%
Balance sheet — indirect signals, not revenue
Net assets	—	—
Source	Accounts · bulk data May 2025	Accounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: −13.2%; Profit ÷ revenue.
Gross margin: 28.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £121k; Revenue ÷ average employees.
Profit per employee: −£15.9k; 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.

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: ▲12%; Now 561
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Bridgepoint Group Holdings Limitedultimate parent75–100%
Bridgepoint Advisers Group Limited75–100%
Bridgepoint Advisers Holdings75–100%
BDC IV Nominees Limited50–75%
Hazel II Topco Limitedthis company

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

Subsidiaries (1)

Hazel II Midco 1 LimitedFigures not disclosed

Sister companies (2)

Deia Topco LimitedRev. £117m · Profit −£6.5m
Salus Topco LimitedFigures not disclosed

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 −£8.9m), from the Companies House accounts bulk data published Apr 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.