SMH Topco Limited
Registered name: SMH TOPCO LIMITED
Part of Phoenix Equity Partners Holdings LLP groupSMH Topco Limited made £8.9m revenue and £38k profit in the year to 31 Aug 2025.
SMH Topco Limited’s revenue was £8.9m in the year to 31 Aug 2025, with £38k profit and 163 employees. The company is classified under “activities of other holding companies” and is based in Sheffield.
- Status
- Active
- Location
- Sheffield, Yorkshire and The Humber
- Age
- 2 yrs · since 2024
- 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 Aug 2025 |
|---|---|
| Disclosure | Full P&L |
| Profit & loss | |
| Revenue (turnover) | £8.9m |
| Cost of sales | £4.5m |
| Gross profit | £4.4m |
| Operating profit | −£1.6m |
| Profit before tax | −£5.1m |
| Profit after tax | £38k |
| Profit (best available) | £38k |
| Staff costs | £4.8m |
| Employees (average) | 163 |
| Ratios | |
| Profit margin | 0.4% |
| Gross margin | 49.3% |
| Revenue per employee | £54.4k |
| Profit per employee | £233 |
| Balance sheet — indirect signals, not revenue | |
| Cash at bank | £3m |
| Net assets | £514k |
| Fixed assets | £37.1m |
| Current assets | £8.2m |
| Debtors | £2.4m |
| Cash from operations | £664k |
| Source | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- 0.4%
- Profit ÷ revenue.
- Gross margin
- 49.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £54.4k
- Revenue ÷ average employees.
- Profit per employee
- £233
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 418.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 27.6%
- 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 £514k
- Cash at bank
- —
- Now £3m
- Headcount
- —
- Now 163
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £37.1m
Group structure
Ownership chain
- Phoenix Equity Partners Holdings LLPultimate parent75–100%
- Phoenix Equity Partners Group Limited50–75%
- SMH Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- SMH Management Services 1 LimitedFigures not disclosed
Sister companies (14)
- Ignite Prime Topco LimitedRev. £65.5m · Profit −£52.1m
- Setfords Group LimitedRev. £62.9m · Profit −£469k
- Spyder Holdco LimitedRev. £27.9m · Profit −£13.8m
- Pride Topco LimitedRev. £9.2m · Profit −£7.8m
- Cybanetix Topco LimitedRev. — · Profit £31.2k
- Envisage Healthcare LimitedFigures not disclosed
- Noctua Topco LimitedFigures not disclosed
- Phoenix Equity Nominees LimitedFigures not disclosed
- Phoenix Equity Partners 2010 GP, L.P.Figures not disclosed
- Phoenix Equity Partners LimitedFigures not disclosed
- Phoenix Equity Partners Limited Partnership 2006Figures not disclosed
- Phoenix Private Equity LimitedFigures not disclosed
- Project Century Topco LimitedFigures not disclosed
- Universally Speaking Topco LimitedRev. — · Profit −£275k
Minority corporate shareholders
- James Edward Hartley Ltd 25–50%
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Aug 2025 (profit £38k), from the Companies House accounts bulk data published May 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.