advance topco limited
advance topco limited Company Information
Company Number
09555348
Website
http://amiplastics.comRegistered Address
one brunswick square, brunswick square, bristol, BS2 8PE
Industry
Activities of head offices
Telephone
01179249442
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
alcuin gp iii llp 74%
andrew symons 7.9%
View Alladvance topco limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE TOPCO LIMITED at £46.3m based on a Turnover of £8.9m and 5.2x industry multiple (adjusted for size and gross margin).
advance topco limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE TOPCO LIMITED at £1.8m based on an EBITDA of £207.6k and a 8.91x industry multiple (adjusted for size and gross margin).
advance topco limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE TOPCO LIMITED at £0 based on Net Assets of £-11.6m and 3.95x industry multiple (adjusted for liquidity).
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Advance Topco Limited Overview
Advance Topco Limited is a live company located in bristol, BS2 8PE with a Companies House number of 09555348. It operates in the activities of head offices sector, SIC Code 70100. Founded in April 2015, it's largest shareholder is alcuin gp iii llp with a 74% stake. Advance Topco Limited is a young, mid sized company, Pomanda has estimated its turnover at £8.9m with declining growth in recent years.
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Advance Topco Limited Health Check
Pomanda's financial health check has awarded Advance Topco Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £8.9m, make it smaller than the average company (£20.3m)
£8.9m - Advance Topco Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (3%)
-1% - Advance Topco Limited
3% - Industry AVG
Production
with a gross margin of 67.6%, this company has a lower cost of product (33.2%)
67.6% - Advance Topco Limited
33.2% - Industry AVG
Profitability
an operating margin of -6.7% make it less profitable than the average company (6%)
-6.7% - Advance Topco Limited
6% - Industry AVG
Employees
with 97 employees, this is similar to the industry average (119)
97 - Advance Topco Limited
119 - Industry AVG
Pay Structure
on an average salary of £42.8k, the company has an equivalent pay structure (£45.8k)
£42.8k - Advance Topco Limited
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £91.8k, this is less efficient (£187.7k)
£91.8k - Advance Topco Limited
£187.7k - Industry AVG
Debtor Days
it gets paid by customers after 117 days, this is later than average (47 days)
117 days - Advance Topco Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 174 days, this is slower than average (45 days)
174 days - Advance Topco Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Advance Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (16 weeks)
15 weeks - Advance Topco Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 181.4%, this is a higher level of debt than the average (57.4%)
181.4% - Advance Topco Limited
57.4% - Industry AVG
advance topco limited Credit Report and Business Information
Advance Topco Limited Competitor Analysis
Perform a competitor analysis for advance topco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
advance topco limited Ownership
ADVANCE TOPCO LIMITED group structure
Advance Topco Limited has 1 subsidiary company.
Ultimate parent company
1 parent
ADVANCE TOPCO LIMITED
09555348
1 subsidiary
advance topco limited directors
Advance Topco Limited currently has 3 directors. The longest serving directors include Mr Mark Storey (Apr 2015) and Mr Andrew Symons (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Storey | 62 years | Apr 2015 | - | Director | |
| Mr Andrew Symons | England | 68 years | May 2015 | - | Director |
| Mr Graham Morrison | England | 42 years | Sep 2015 | - | Director |
ADVANCE TOPCO LIMITED financials
Advance Topco Limited's latest turnover from December 2022 is £8.9 million and the company has net assets of -£11.6 million. According to their latest financial statements, Advance Topco Limited has 97 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 8,904,598 | 6,990,049 | 3,014,038 | 9,258,114 | 10,684,333 | 9,638,405 | 8,160,571 | 3,934,790 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,887,788 | 2,096,319 | 601,067 | 2,719,128 | 2,600,754 | 2,200,932 | 1,996,337 | 1,105,408 |
| Gross Profit | 6,016,810 | 4,893,730 | 2,412,971 | 6,538,986 | 8,083,579 | 7,437,473 | 6,164,234 | 2,829,382 |
| Admin Expenses | 6,616,096 | 5,550,946 | 5,397,537 | 6,815,465 | 6,856,485 | 6,139,974 | 5,308,528 | 3,194,660 |
| Operating Profit | -599,286 | -657,216 | -2,984,566 | -276,479 | 1,227,094 | 1,297,499 | 855,706 | -365,278 |
| Interest Payable | 1,874,397 | 1,696,889 | 1,549,396 | 1,326,644 | 1,268,365 | 1,249,503 | 1,331,532 | 849,624 |
| Interest Receivable | 677 | 8,321 | 5,187 | 123,882 | 0 | 0 | 25 | 362 |
| Pre-Tax Profit | -2,473,006 | -2,345,784 | -4,581,610 | -1,387,828 | -101,991 | -8,033 | -818,532 | -1,214,540 |
| Tax | 207,280 | 309,189 | 605,989 | 77,467 | -160,943 | -174,574 | 114,156 | 163,030 |
| Profit After Tax | -2,265,726 | -2,036,595 | -3,975,621 | -1,310,361 | -262,934 | -182,607 | -704,376 | -1,051,510 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,265,726 | -2,036,595 | -3,975,621 | -1,310,361 | -262,934 | -182,607 | -704,376 | -1,051,510 |
| Employee Costs | 4,148,257 | 3,564,213 | 3,510,088 | 3,847,275 | 3,734,292 | 3,403,136 | 2,796,102 | 1,946,859 |
| Number Of Employees | 97 | 86 | 96 | 100 | 96 | 85 | 70 | 66 |
| EBITDA* | 207,631 | 151,127 | -2,138,859 | 528,146 | 2,109,685 | 2,112,614 | 1,611,315 | 70,341 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 143,310 | 285,849 | 330,044 | 376,189 | 438,203 | 385,808 | 237,831 | 224,536 |
| Intangible Assets | 8,586,883 | 9,312,153 | 10,058,420 | 10,801,613 | 11,296,658 | 11,993,003 | 12,628,412 | 13,223,919 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,730,193 | 9,598,002 | 10,388,464 | 11,177,802 | 11,734,861 | 12,378,811 | 12,866,243 | 13,448,455 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,714 |
| Trade Debtors | 2,864,264 | 897,726 | 964,157 | 1,522,267 | 1,723,966 | 1,023,664 | 1,171,844 | 699,051 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 962,190 | 930,516 | 1,293,863 | 768,742 | 488,923 | 665,007 | 365,463 | 542,473 |
| Cash | 1,679,519 | 1,984,185 | 3,138,963 | 2,431,936 | 3,169,033 | 2,711,197 | 2,072,231 | 1,517,617 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,505,973 | 3,812,427 | 5,396,983 | 4,722,945 | 5,381,922 | 4,399,868 | 3,609,538 | 2,783,855 |
| total assets | 14,236,166 | 13,410,429 | 15,785,447 | 15,900,747 | 17,116,783 | 16,778,679 | 16,475,781 | 16,232,310 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 352,197 | 0 |
| Bank loan | 217,036 | 216,488 | 0 | 172,652 | 368,499 | 362,351 | 0 | 0 |
| Trade Creditors | 1,378,934 | 1,037,663 | 896,502 | 811,824 | 359,690 | 208,046 | 242,189 | 255,195 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 3,259,184 | 38,578 | 10,774 | 46,036 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,094,483 | 2,741,725 | 4,409,217 | 3,255,915 | 4,112,587 | 3,483,881 | 2,807,953 | 1,897,910 |
| total current liabilities | 5,690,453 | 3,995,876 | 5,305,719 | 7,499,575 | 4,879,354 | 4,065,052 | 3,448,375 | 2,153,105 |
| loans | 20,136,852 | 18,688,682 | 17,393,965 | 11,158,767 | 13,468,878 | 13,666,955 | 13,599,205 | 13,995,745 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 200 | 200 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 120,267 | 457,149 | 641,125 | 822,012 | 849,387 | 1,039,341 | 1,045,069 |
| total long term liabilities | 20,137,052 | 18,809,149 | 17,851,114 | 11,799,892 | 14,290,890 | 14,516,342 | 14,638,546 | 15,040,814 |
| total liabilities | 25,827,505 | 22,805,025 | 23,156,833 | 19,299,467 | 19,170,244 | 18,581,394 | 18,086,921 | 17,193,919 |
| net assets | -11,591,339 | -9,394,596 | -7,371,386 | -3,398,720 | -2,053,461 | -1,802,715 | -1,611,140 | -961,609 |
| total shareholders funds | -11,591,339 | -9,394,596 | -7,371,386 | -3,398,720 | -2,053,461 | -1,802,715 | -1,611,140 | -961,609 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -599,286 | -657,216 | -2,984,566 | -276,479 | 1,227,094 | 1,297,499 | 855,706 | -365,278 |
| Depreciation | 58,577 | 61,141 | 70,193 | 71,447 | 80,945 | 55,657 | 45,432 | 25,267 |
| Amortisation | 748,340 | 747,202 | 775,514 | 733,178 | 801,646 | 759,458 | 710,177 | 410,352 |
| Tax | 207,280 | 309,189 | 605,989 | 77,467 | -160,943 | -174,574 | 114,156 | 163,030 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -24,714 | 24,714 |
| Debtors | 1,998,212 | -429,778 | -32,989 | 78,120 | 524,218 | 151,364 | 295,783 | 1,241,524 |
| Creditors | 341,271 | 141,161 | 84,678 | 452,134 | 151,644 | -34,143 | -13,006 | 255,195 |
| Accruals and Deferred Income | 1,352,758 | -1,667,492 | 1,153,302 | -856,672 | 628,706 | 675,928 | 910,043 | 1,897,910 |
| Deferred Taxes & Provisions | -120,267 | -336,882 | -183,976 | -180,887 | -27,375 | -189,954 | -5,728 | 1,045,069 |
| Cash flow from operations | -9,539 | -973,119 | -445,877 | -57,932 | 2,177,499 | 2,238,507 | 2,345,711 | 2,165,307 |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -237,717 | -440,885 | -161,983 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -237,717 | -440,885 | -161,983 | 0 |
| Financing Activities | ||||||||
| Bank loans | 548 | 216,488 | -172,652 | -195,847 | 6,148 | 362,351 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -3,259,184 | 3,220,606 | 27,804 | -35,262 | 46,036 | 0 |
| Long term loans | 1,448,170 | 1,294,717 | 6,235,198 | -2,310,111 | -198,077 | 67,750 | -396,540 | 13,995,745 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 200 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -1,873,720 | -1,688,568 | -1,544,209 | -1,202,762 | -1,268,365 | -1,249,503 | -1,331,507 | -849,262 |
| cash flow from financing | -356,019 | -163,778 | 1,262,108 | -523,012 | -1,420,302 | -863,632 | -1,627,166 | 13,236,384 |
| cash and cash equivalents | ||||||||
| cash | -304,666 | -1,154,778 | 707,027 | -737,097 | 457,836 | 638,966 | 554,614 | 1,517,617 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -352,197 | 352,197 | 0 |
| change in cash | -304,666 | -1,154,778 | 707,027 | -737,097 | 457,836 | 991,163 | 202,417 | 1,517,617 |
P&L
December 2022turnover
8.9m
+27%
operating profit
-599.3k
-9%
gross margin
67.6%
-3.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-11.6m
+0.23%
total assets
14.2m
+0.06%
cash
1.7m
-0.15%
net assets
Total assets minus all liabilities
Similar Companies
advance topco limited company details
company number
09555348
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
April 2015
age
9
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
one brunswick square, brunswick square, bristol, BS2 8PE
last accounts submitted
December 2022
advance topco limited 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 found 4 charges/mortgages relating to advance topco limited. Currently there are 2 open charges and 2 have been satisfied in the past.
advance topco limited Companies House Filings - See Documents
| date | description | view/download |
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