Martin Topco Limited

Private Limited Company · Kingston Upon Thames

ActiveUnited KingdomIncorporated 2020Private Limited Company

Financial position

Accounts to 2025-12-31 · GBP · Group accounts

Net assets

−£26,838,454

Cash

£878,903

Turnover

£52,993,206

Profit / loss

−£6,527,935

Current assets

£16,456,148

Creditors < 1 year

£16,476,537

Equity

−£26,838,454

Average employees

170

Balance-sheet trend

GBP · consolidated

Financial statements

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

2 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures	2025-12-31Group · AI-read	2024-12-31Group · AI-read
Balance sheet
Net assets	−£26,838,454	−£20,310,819
Equity	−£26,838,454	−£20,310,819
Share capital	£10,001	£9,701
Retained earnings	−£27,903,754	−£21,375,819
Assets
Fixed assets	£15,599,265	£17,637,139
Intangible assets	£12,471,232	£14,551,685
Property, plant & equipment	£3,128,033	£3,085,454
Current assets	£16,456,148	£12,923,527
Cash at bank	£878,903	£909,517
Debtors	£1,155,166	£1,164,366
Stock	£14,004,057	£10,571,415
Liabilities
Creditors within one year	£16,476,537	£12,279,013
Creditors after one year	£42,289,328	£38,416,604
Provisions	£128,002	£175,870
Net current assets	−£20,389	£644,514
Assets less current liabilities	£15,578,876	£18,281,653
Profit & loss
Turnover	£52,993,206	£46,395,623
Cost of sales	£37,838,847	£33,952,906
Gross profit	£15,154,359	£12,442,717
Distribution costs	£1,697,903	£1,347,807
Administrative expenses	£15,919,646	£14,766,334
Other operating income	£360,995	£209,252
Operating profit	−£2,102,195	−£3,462,172
Interest payable	£4,514,292	£4,032,635
Profit before tax	−£6,616,487	−£7,494,807
Tax	−£88,552	−£130,741
Profit / loss	−£6,527,935	−£7,364,066
Operating costs
Depreciation	£448,169	£596,527
Operating lease charges	£273,000	£348,800
Audit fees	£72,500	£71,000
Cash flow
Cash from operations	−£782,525	£389,985
Capital expenditure	£490,748	£139,587
Net debt	−£46,433,023	−£39,749,742
People & pay
Average employees	170	141
Staff costs	£6,427,968	£5,275,802
Wages & salaries	£5,672,818	£4,757,995
Social security costs	£585,214	£385,617
Pension costs	£169,936	£132,190
Directors' remuneration	£556,864	£560,532
Highest paid director	£190,940	£192,504
Source evidence	View filing	View filing

From the accounts

What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.

Auditor: BDO LLP
Audit opinion: Clean (unmodified)
Ultimate parent: Martin Topco Limited
Ultimate controlling party: Primary Capital Partners LLP
Accounts: Full accounts · FRS 102
Approved: 2026-05-21, signed by Oliver Paul Lawson

Turnover by segment (6)

United Kingdom: 51,542,945 (2025-12-31)
Rest of Europe: 827,364 (2025-12-31)
Rest of the world: 622,897 (2025-12-31)
United Kingdom: 45,222,836 (2024-12-31)
Rest of Europe: 511,591 (2024-12-31)
Rest of the world: 661,196 (2024-12-31)

Related parties (2)

shareholders · related parties · Loan notes and accrued interest owed by subsidiary Martin Bidco Limited · £41m (2024: £36.9m)
shareholders · related parties · Interest charged during the year · £4.2m (2024: £3.7m)

Borrowings (2)

Bank loans · £6,267,481 · HSBC term loan B: 2.5% above SONIA; HSBC RCF: 3.5% above SONIA · HSBC term loan B final repayment date 17th February 2027
Loan notes · £41,044,445 · Between 0% and 14.5% per annum; interest is calculated quarterly in arrears · Repayable February 2027

Share classes (5)