top race ltd
top race ltd Company Information
Company Number
08846193
Website
www.toprace.co.ukRegistered Address
19a belfast road, london, N16 6UN
Industry
Manufacture of games and toys (other than professional and arcade games and toys) n.e.c.
Telephone
02033726767
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
suri stern 50%
naftuli elimelech stern 50%
top race ltd Estimated Valuation
Pomanda estimates the enterprise value of TOP RACE LTD at £611.9k based on a Turnover of £1.4m and 0.42x industry multiple (adjusted for size and gross margin).
top race ltd Estimated Valuation
Pomanda estimates the enterprise value of TOP RACE LTD at £262.2k based on an EBITDA of £86.2k and a 3.04x industry multiple (adjusted for size and gross margin).
top race ltd Estimated Valuation
Pomanda estimates the enterprise value of TOP RACE LTD at £336.5k based on Net Assets of £869.5k and 0.39x industry multiple (adjusted for liquidity).
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Top Race Ltd Overview
Top Race Ltd is a live company located in london, N16 6UN with a Companies House number of 08846193. It operates in the manufacture of other games and toys, n.e.c. sector, SIC Code 32409. Founded in January 2014, it's largest shareholder is suri stern with a 50% stake. Top Race Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
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Top Race Ltd Health Check
Pomanda's financial health check has awarded Top Race Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
8 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£16.3m)
- Top Race Ltd
£16.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -30%, show it is growing at a slower rate (7.9%)
- Top Race Ltd
7.9% - Industry AVG
Production
with a gross margin of 33.6%, this company has a comparable cost of product (33.6%)
- Top Race Ltd
33.6% - Industry AVG
Profitability
an operating margin of 5.6% make it as profitable than the average company (6.5%)
- Top Race Ltd
6.5% - Industry AVG
Employees
with 5 employees, this is below the industry average (46)
5 - Top Race Ltd
46 - Industry AVG
Pay Structure
on an average salary of £51.8k, the company has an equivalent pay structure (£51.8k)
- Top Race Ltd
£51.8k - Industry AVG
Efficiency
resulting in sales per employee of £289.4k, this is less efficient (£403.6k)
- Top Race Ltd
£403.6k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (59 days)
- Top Race Ltd
59 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (25 days)
- Top Race Ltd
25 days - Industry AVG
Stock Days
it holds stock equivalent to 554 days, this is more than average (89 days)
- Top Race Ltd
89 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (17 weeks)
7 weeks - Top Race Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.4%, this is a higher level of debt than the average (56.9%)
66.4% - Top Race Ltd
56.9% - Industry AVG
TOP RACE LTD financials
Top Race Ltd's latest turnover from January 2023 is estimated at £1.4 million and the company has net assets of £869.5 thousand. According to their latest financial statements, Top Race Ltd has 5 employees and maintains cash reserves of £224.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 5 | 6 | 6 | 4 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,861 | 15,946 | 9,444 | 13,066 | 16,750 | 8,064 | 5,024 | 2,073 | 0 |
| Intangible Assets | 0 | 237 | 237 | 0 | 0 | 1,896 | 2,843 | 3,790 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 14,861 | 16,183 | 9,681 | 13,066 | 16,750 | 9,960 | 7,867 | 5,863 | 0 |
| Stock & work in progress | 1,459,420 | 1,952,750 | 1,185,247 | 0 | 528,358 | 545,363 | 0 | 0 | 650 |
| Trade Debtors | 81,981 | 0 | 0 | 982,004 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 803,374 | 942,549 | 410,407 | 0 | 0 | 10,200 | 88,745 | 0 | 0 |
| Cash | 224,274 | 236,365 | 365,503 | 0 | 0 | 8,450 | 7,656 | 113,109 | 24,235 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,569,049 | 3,131,664 | 1,961,157 | 982,004 | 528,358 | 564,013 | 96,401 | 113,109 | 24,885 |
| total assets | 2,583,910 | 3,147,847 | 1,970,838 | 995,070 | 545,108 | 573,973 | 104,268 | 118,972 | 24,885 |
| Bank overdraft | 18,681 | 97,501 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,080 | 5,451 | 0 | 629,421 | 293,908 | 0 | 0 | 0 | 20,103 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,602,756 | 2,114,165 | 1,056,907 | 0 | 0 | 409,829 | 22,459 | 84,062 | 0 |
| total current liabilities | 1,622,517 | 2,217,117 | 1,056,907 | 629,421 | 293,908 | 409,829 | 22,459 | 84,062 | 20,103 |
| loans | 91,871 | 120,781 | 142,100 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 91,871 | 120,781 | 142,100 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,714,388 | 2,337,898 | 1,199,007 | 679,421 | 293,908 | 409,829 | 22,459 | 84,062 | 20,103 |
| net assets | 869,522 | 809,949 | 771,831 | 315,649 | 251,200 | 164,144 | 81,809 | 34,910 | 4,782 |
| total shareholders funds | 869,522 | 809,949 | 771,831 | 315,649 | 251,200 | 164,144 | 81,809 | 34,910 | 4,782 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 4,954 | 237 | 2,117 | 1,676 | 0 | 0 | |||
| Amortisation | 119 | 0 | 947 | 947 | 0 | 0 | |||
| Tax | |||||||||
| Stock | -493,330 | 767,503 | 1,185,247 | -528,358 | -17,005 | 545,363 | 0 | -650 | 650 |
| Debtors | -57,194 | 532,142 | -571,597 | 982,004 | -10,200 | -78,545 | 88,745 | 0 | 0 |
| Creditors | -4,371 | 5,451 | -629,421 | 335,513 | 293,908 | 0 | 0 | -20,103 | 20,103 |
| Accruals and Deferred Income | -511,409 | 1,057,258 | 1,056,907 | 0 | -409,829 | 387,370 | -61,603 | 84,062 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -28,910 | -21,319 | 142,100 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -50,000 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -12,091 | -129,138 | 365,503 | 0 | -8,450 | 794 | -105,453 | 88,874 | 24,235 |
| overdraft | -78,820 | 97,501 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 66,729 | -226,639 | 365,503 | 0 | -8,450 | 794 | -105,453 | 88,874 | 24,235 |
top race ltd Credit Report and Business Information
Top Race Ltd Competitor Analysis
Perform a competitor analysis for top race ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in N16 area or any other competitors across 12 key performance metrics.
top race ltd Ownership
TOP RACE LTD group structure
Top Race Ltd has no subsidiary companies.
Ultimate parent company
TOP RACE LTD
08846193
top race ltd directors
Top Race Ltd currently has 2 directors. The longest serving directors include Mr Naftuli Stern (Jan 2014) and Ms Suri Stern (Jan 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Naftuli Stern | England | 35 years | Jan 2014 | - | Director |
| Ms Suri Stern | United Kingdom | 34 years | Jan 2014 | - | Director |
P&L
January 2023turnover
1.4m
-32%
operating profit
81.1k
0%
gross margin
33.7%
-11.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
869.5k
+0.07%
total assets
2.6m
-0.18%
cash
224.3k
-0.05%
net assets
Total assets minus all liabilities
Similar Companies
top race ltd company details
company number
08846193
Type
Private limited with Share Capital
industry
32409 - Manufacture of games and toys (other than professional and arcade games and toys) n.e.c.
incorporation date
January 2014
age
10
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
January 2023
address
19a belfast road, london, N16 6UN
accountant
-
auditor
-
top race ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to top race ltd.
top race ltd Companies House Filings - See Documents
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