How much does Project Wind Topco Limited make?

Project Wind Topco Limited reported revenue of £12.2m and a loss of £9.5m in the year to 31 Mar 2026, according to its accounts filed at Companies House.

Is Project Wind Topco Limited profitable?

No — Project Wind Topco Limited reported a loss of £9.5m in the year to 31 Mar 2026.

Company No. 15269112 · Incorporated 8 Nov 2023

Project Wind Topco Limited

Registered name: PROJECT WIND TOPCO LIMITED

Part of Tenzing Limited group

Project Wind Topco Limited made £12.2m revenue and a £9.5m loss in the year to 31 Mar 2026.

Project Wind Topco Limited’s revenue grew 10% to £12.2m in the year to 31 Mar 2026, with a loss of £9.5m. The company is classified under “activities of other holding companies” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSIC 64209Activities of other holding companies n.e.c.

Status: Active
Location: London
Age: 2 yrs · since 2023
Type: Private Limited Company

Latest accounts · year to 31 Mar 2026

Key figures

Revenue

£12.2m

Growth ▲10.5%

Profit

−£9.5m

Growth —

Profit margin

−78.1%

Gross 88%

Employees

—

Change —

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2025	31 Mar 2026
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£11m	£12.2m
Cost of sales	−£1.5m	−£1.5m
Gross profit	£9.6m	£10.7m
Operating profit	−£1.1m	−£2.4m
Profit before tax	−£8m	−£10m
Profit after tax	−£7.3m	−£9.5m
Profit (best available)	−£7.3m	−£9.5m
Employees (average)	—	—
Ratios
Profit margin	−66.3%	−78.1%
Gross margin	86.8%	88%
Growth (year on year)
Revenue growth	—	▲10.5%
Balance sheet — indirect signals, not revenue
Net assets	—	—
Source	Accounts · bulk data Oct 2025	Accounts · bulk data Oct 2026

Derived from the latest filing

How the business works

Profit margin: −78.1%; Profit ÷ revenue.
Gross margin: 88%; 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

Tenzing Limitedultimate parent75–100%
Tenzing Pe Managing Member Ltd75–100%
Tenzing Pe III GP LLP75–100%
Project Wind Topco Limitedthis company

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

Subsidiaries (1)

Project Wind Midco LimitedFigures not disclosed

Sister companies (5)

Athena Topco LimitedFigures not disclosed
Project Cerulean Bidco LimitedFigures not disclosed
Project Edge UK Topco LimitedRev. — · Profit −£37.7k
Project Semaphore Topco LimitedFigures not disclosed
Project Zebedee Topco LimitedFigures not disclosed

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 Mar 2026 (profit −£9.5m), from the Companies House accounts bulk data published Oct 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.