How many employees does India Topco Limited have?

India Topco Limited reported an average of 4 employees in the year to 31 Jan 2026.

Company No. 15453132 · Incorporated 30 Jan 2024

India Topco Limited

Q: Is India Topco Limited profitable?

No — India Topco Limited reported a loss of £13k in the year to 31 Jan 2026.

Registered name: INDIA TOPCO LIMITED

India Topco Limited made a £13k loss in the year to 31 Jan 2026 (revenue not disclosed).

India Topco Limited reported a loss of £13k in the year to 31 Jan 2026; its revenue was not disclosed. It had 4 employees. The company is classified under “other business support service activities” and is based in London; we hold 2 years of its filed accounts.

Profit onlySection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 2 yrs · since 2024
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 Jan 2026

Key figures

Small team

Revenue

—

Not disclosed in filing

Profit

−£13k

Growth —

Profit margin

—

Employees

Change 0%

Profit / employee

−£3.3k

Profitable streak

0yrs

Consecutive profitable years in our data

This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.

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 Jan 2025	31 Jan 2026
Disclosure	Profit only	Profit only
Profit & loss
Revenue (turnover)	—	—
Profit after tax	−£9.5k	−£13k
Profit (best available)	−£9.5k	−£13k
Employees (average)	4	4
Ratios
Profit margin	—	—
Profit per employee	−£2.4k	−£3.3k
Growth (year on year)
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Net assets	−£1.4k	−£14.3k
Current assets	£9.9k	£9.7k
Debtors	£9.9k	£9.7k
Deferred income	£8.3k	£9.5k
Source	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: —; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: −£3.3k; 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 −£14.3k
Cash at bank: —; Now —
Headcount: 0%; Now 4
Deferred income: ▲15%; Now £9.5k
Fixed assets: —; Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Pelican Capital LLPultimate parent75–100%
Project Iguazu Nominees Limited75–100%
India Topco Limitedthis company

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

Subsidiaries (1)

India Midco LimitedRev. — · Profit −£1.2m

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 FullAccounts for the year to 31 Jan 2026 (profit −£13k), from the Companies House accounts bulk data published Jul 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.