BABYLON TOPCO LIMITED
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Cash
—
Latest balance sheet
Net assets
£330m
USD 444,292,000
Equity attributable
Employees
—
Average over period
Profit before tax
—
Period ending 2025-12-31
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £105,458,453 | — | — | |
| Operating profit | -£42,811,207 | — | — | |
| Profit before tax | -£93,657,275 | — | — | |
| Net profit | -£97,262,814 | — | — | |
| Cash | £18,714,581 | — | — | |
| Total assets less current liabilities | £348,302,292 | £329,715,770 | — | |
| Net assets | £348,302,292 | £329,715,770 | — | |
| Equity | £348,302,292 | £329,715,770 | — | |
| Average employees | 460 | — | — | |
| Wages | £32,507,163 | — | — | |
| Directors' remuneration | £3,488,539 | — | — | |
| Directors' pension contributions | £39,000 | — | — | |
| Highest paid director | £434,575 | — | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 12 months versus 14 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | -40.6% | — | |
| Net margin | -92.2% | — | |
| Return on capital employed | -12.3% | — | |
| Gearing (liabilities / total assets) | 54.8% | 0.2% | |
| Interest cover | -0.84x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed the forecasts and projections for the 'PEI Group' and have reasonable expectation that the Group has adequate resources to continue in operational existence and meeting any covenant requirements for the foreseeable future being at least twelve months from the date these financial statements have been approved. For these reasons, the Directors continue to adopt the going concern basis in preparing the annual report and accounts.”
Group structure
- BABYLON TOPCO LIMITED · parent
- Babylon Midco 1 Limited 100%
- Babylon Midco 2 Limited 100%
- Babylon Finco Limited 100%
- Babylon Bidco Limited 100%
- Kirk Topco Limited 100%
- Kirk Midco 1 Limited 100%
- Kirk Midco 2 Limited 100%
- Kirk Bidco Limited 100%
- PEI Group Topco Limited 100%
- PEI Group Limited 100%
- PEI Media Limited 100%
- PEI Group (Hong Kong) Co, Limited 100%
- PEI Group Japan K K 100%
- PEI SG PTE Limited 100%
- Response Global Media Limited 100%
- Kirk HedgeCo 2 Limited 100%
- Babylon US Bidco Inc 100%
- PEI Media LLC 100%
- PEI Media Inc 100%
- Altman Inc 100%
Significant events
- “On 13 March 2026, 1,343 Ordinary B shares of $0.01 each and 319,875 Priority shares of $0.01 each were issued.”
- “On 20 March 2026, PEI Group Ltd, one of the wholly owned subsidiaries, purchased 100% of the share capital of Scientific Infra & Private Assets PTE Ltd. The consideration was funded through a combination of existing cash resources, issue of Priority Shares and draw down of US$24.4m under the Group's revolving credit facility of US$25.0m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLACK, Michael Norman | Director | 2024-04-30 | Mar 1968 | English |
| BOREL, Philip Carl | Director | 2024-01-26 | Jul 1971 | German |
| BRININ, Mark Andrew | Director | 2025-07-22 | May 1977 | Australian |
| ELKINGTON, Henry Scott | Director | 2024-01-26 | Jun 1964 | British |
| MCLEAN, Paul Adrian | Director | 2024-01-26 | Feb 1971 | Australian |
| MCLOUGHLIN, Timothy Stephen | Director | 2024-01-26 | Nov 1968 | British |
| STONE, Andrea Remyn | Director | 2025-05-01 | Jan 1974 | American |
| TAVERNIER, Edouard Julien | Director | 2026-02-27 | Feb 1973 | British |
| THORPE, Darren John | Director | 2024-01-26 | Jan 1973 | British |
| WELHAM, Charles Henry | Director | 2023-10-31 | Jan 1988 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GOBLE, Edward Henry Alexander | Director | 2023-10-31 | 2024-03-04 |
| SOHI, Kashmir Singh | Director | 2024-01-26 | 2025-07-17 |
| WATFORD, Emma Judith Sophia | Director | 2024-01-26 | 2024-11-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bridgepoint Advisers Limited | Corporate entity | Significant influence | 2023-10-31 | Active |
| Bridgepoint Europe Vii Gp Llp | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2023-10-31 | Active |
Filing timeline
Last 20 of 44 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-05 RP04SH01 Legacy
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-26 | AA | accounts | Accounts with accounts type group | |
| 2026-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-09 | RP01SH01 | miscellaneous | Legacy | |
| 2026-04-16 | SH01 | capital | Capital allotment shares | |
| 2026-04-14 | RP01SH01 | miscellaneous | Legacy | |
| 2026-03-24 | SH01 | capital | Capital allotment shares | |
| 2026-03-24 | SH01 | capital | Capital allotment shares | |
| 2026-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-13 | SH01 | capital | Capital allotment shares | |
| 2025-10-02 | SH01 | capital | Capital allotment shares | |
| 2025-09-17 | SH01 | capital | Capital allotment shares | |
| 2025-09-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-05 | RP04SH01 | change-of-name | Legacy | |
| 2025-07-29 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-07-21 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 7
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.