Neos Topco Ltd
Registered name: NEOS TOPCO LTD
Neos Topco Ltd made £45.7m revenue and a £1.8m loss in the year to 31 Dec 2025.
Neos Topco Ltd’s revenue grew 14% to £45.7m in the year to 31 Dec 2025, with a loss of £1.8m and 874 employees. The company is classified under “activities of other holding companies” and is based in Cardiff; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Cardiff
- Age
- 2 yrs · since 2024
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £39.9m | £45.7m |
| Cost of sales | −£8.3m | −£9.4m |
| Gross profit | £31.6m | £36.3m |
| Operating profit | −£2.5m | £1.7m |
| Profit before tax | −£8m | −£2.6m |
| Profit after tax | −£6.6m | −£1.8m |
| Profit (best available) | −£6.6m | −£1.8m |
| Employees (average) | 895 | 874 |
| Ratios | ||
| Profit margin | −16.7% | −4% |
| Gross margin | 79.2% | 79.5% |
| Revenue per employee | £44.6k | £52.3k |
| Profit per employee | −£7.4k | −£2.1k |
| Growth (year on year) | ||
| Revenue growth | — | ▲14.5% |
| Headcount growth | — | ▼2.4% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Jan 2026 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- −4%
- Profit ÷ revenue.
- Gross margin
- 79.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £52.3k
- Revenue ÷ average employees.
- Profit per employee
- −£2.1k
- 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
- ▼2%
- Now 874
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Neos Holdco LtdRev. £920k · Profit −£5m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£1.8m), 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.