tophat industries limited
tophat industries limited Company Information
Company Number
10136060
Next Accounts
137 days late
Industry
Other manufacturing n.e.c.
Shareholders
tophat uk holdings limited
Group Structure
View All
Contact
Registered Address
unit 3000 park avenue, dove valley park, derby, DE65 5BT
Website
tophat.iotophat industries limited Estimated Valuation
Pomanda estimates the enterprise value of TOPHAT INDUSTRIES LIMITED at £0 based on a Turnover of £10.2m and -1.01x industry multiple (adjusted for size and gross margin).
tophat industries limited Estimated Valuation
Pomanda estimates the enterprise value of TOPHAT INDUSTRIES LIMITED at £122.7m based on an EBITDA of £-17.7m and a -6.95x industry multiple (adjusted for size and gross margin).
tophat industries limited Estimated Valuation
Pomanda estimates the enterprise value of TOPHAT INDUSTRIES LIMITED at £0 based on Net Assets of £-22.3m and 2.09x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Tophat Industries Limited Overview
Tophat Industries Limited is a live company located in derby, DE65 5BT with a Companies House number of 10136060. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in April 2016, it's largest shareholder is tophat uk holdings limited with a 100% stake. Tophat Industries Limited is a young, mid sized company, Pomanda has estimated its turnover at £10.2m with rapid growth in recent years.
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Tophat Industries Limited Health Check
Pomanda's financial health check has awarded Tophat Industries Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £10.2m, make it in line with the average company (£12.3m)
£10.2m - Tophat Industries Limited
£12.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 116%, show it is growing at a faster rate (2.1%)
116% - Tophat Industries Limited
2.1% - Industry AVG
Production
with a gross margin of -103%, this company has a higher cost of product (29.8%)
-103% - Tophat Industries Limited
29.8% - Industry AVG
Profitability
an operating margin of -182% make it less profitable than the average company (6.2%)
-182% - Tophat Industries Limited
6.2% - Industry AVG
Employees
with 212 employees, this is above the industry average (70)
212 - Tophat Industries Limited
70 - Industry AVG
Pay Structure
on an average salary of £36.5k, the company has an equivalent pay structure (£38.9k)
£36.5k - Tophat Industries Limited
£38.9k - Industry AVG
Efficiency
resulting in sales per employee of £48.2k, this is less efficient (£163.6k)
£48.2k - Tophat Industries Limited
£163.6k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (57 days)
3 days - Tophat Industries Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 367 days, this is slower than average (46 days)
367 days - Tophat Industries Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 166 days, this is more than average (68 days)
166 days - Tophat Industries Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)
1 weeks - Tophat Industries Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 169.2%, this is a higher level of debt than the average (50.5%)
169.2% - Tophat Industries Limited
50.5% - Industry AVG
TOPHAT INDUSTRIES LIMITED financials
Tophat Industries Limited's latest turnover from October 2022 is £10.2 million and the company has net assets of -£22.3 million. According to their latest financial statements, Tophat Industries Limited has 212 employees and maintains cash reserves of £710.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Apr 2019 | Oct 2018 | Oct 2017 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 10,222,521 | 12,378,829 | 6,335,578 | 1,011,623 | 1,136,903 | 2,317,500 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 20,749,250 | 24,812,120 | 17,576,244 | 3,774,927 | 4,476,225 | 4,638,135 | ||
| Gross Profit | -10,526,729 | -12,433,291 | -11,240,666 | -2,763,304 | -3,339,322 | -2,320,635 | ||
| Admin Expenses | 8,075,243 | 4,692,887 | 6,151,506 | 3,756,759 | 2,642,648 | 8,447,414 | ||
| Operating Profit | -18,601,972 | -17,126,178 | -17,392,172 | -6,520,063 | -5,981,970 | -10,768,049 | ||
| Interest Payable | 1,783,032 | 2,359,343 | 3,948,591 | 1,594,214 | 135,866 | 1,216,457 | ||
| Interest Receivable | 0 | 5,406 | 8,458 | 3,080 | 1,789,347 | 265 | ||
| Pre-Tax Profit | -20,385,004 | -19,480,115 | -21,332,305 | -8,111,197 | -4,328,489 | -11,984,241 | ||
| Tax | 0 | 1,431,322 | 0 | 424,712 | 321,196 | -69,261 | ||
| Profit After Tax | -20,385,004 | -18,048,793 | -21,332,305 | -7,686,485 | -4,007,293 | -12,053,502 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -20,385,004 | -18,048,793 | -21,332,305 | -7,686,485 | -4,007,293 | -12,053,502 | ||
| Employee Costs | 7,727,516 | 4,492,202 | 5,817,175 | 2,338,469 | 1,728,553 | 3,236,389 | ||
| Number Of Employees | 212 | 127 | 159 | 127 | 128 | 93 | 9 | 3 |
| EBITDA* | -17,662,747 | -16,179,013 | -16,673,955 | -6,117,793 | -5,708,127 | -10,294,186 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Apr 2019 | Oct 2018 | Oct 2017 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,115,760 | 7,353,713 | 6,589,214 | 7,171,988 | 7,536,221 | 6,779,046 | 4,716,731 | 1,810,725 |
| Intangible Assets | 334,927 | 446,570 | 558,213 | 533,213 | 533,213 | 465,985 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 633,026 | 633,026 | 603,026 | 603,026 | 603,026 | 603,026 | 1,457,286 | 603,026 |
| Total Fixed Assets | 15,083,713 | 8,433,309 | 7,750,453 | 8,308,227 | 8,672,460 | 7,848,057 | 6,174,017 | 2,413,751 |
| Stock & work in progress | 9,448,396 | 3,538,092 | 1,296,470 | 2,265,728 | 1,421,732 | 1,468,672 | 0 | 0 |
| Trade Debtors | 102,440 | 399,676 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 4,490,396 | 27,525 | 2,779,149 | 3,425,408 | 3,540,887 | 5,174,531 | 0 | 526,778 |
| Misc Debtors | 2,383,424 | 3,968,407 | 1,997,283 | 1,610,409 | 991,231 | 546,813 | 106,859 | 333,257 |
| Cash | 710,642 | 372,719 | 219,655 | 498,021 | 551,508 | 144,348 | 175,891 | 2,684,168 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,135,298 | 8,306,419 | 6,292,557 | 7,799,566 | 6,505,358 | 7,334,364 | 282,750 | 3,544,203 |
| total assets | 32,219,011 | 16,739,728 | 14,043,010 | 16,107,793 | 15,177,818 | 15,182,421 | 6,456,767 | 5,957,954 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 20,866,574 | 2,465,107 | 1,920,392 | 555,009 | 883,289 | 2,144,916 | 752,426 | 624,998 |
| Group/Directors Accounts | 0 | 6,350,783 | 12,731,928 | 15,335,985 | 15,484,403 | 7,059,546 | 0 | 180,563 |
| other short term finances | 0 | 0 | 0 | 25,156,217 | 16,366,185 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 3,017,029 | 2,653,525 | 1,270,234 | 1,002,342 | 1,122,665 | 1,905,256 | 10,617 |
| total current liabilities | 20,866,574 | 11,832,919 | 17,305,845 | 42,317,445 | 33,736,219 | 10,327,127 | 2,657,682 | 816,178 |
| loans | 29,407,283 | 2,030,874 | 44,140,939 | 0 | 0 | 20,676,248 | 7,566,537 | 5,787,297 |
| 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 | 1,054,989 | 1,047,590 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,171,003 | 3,724,179 | 1,443,260 | 1,305,077 | 1,269,843 | 0 | 0 | 0 |
| total long term liabilities | 33,633,275 | 6,802,643 | 45,584,199 | 1,305,077 | 1,269,843 | 20,676,248 | 7,566,537 | 5,787,297 |
| total liabilities | 54,499,849 | 18,635,562 | 62,890,044 | 43,622,522 | 35,006,062 | 31,003,375 | 10,224,219 | 6,603,475 |
| net assets | -22,280,838 | -1,895,834 | -48,847,034 | -27,514,729 | -19,828,244 | -15,820,954 | -3,767,452 | -645,521 |
| total shareholders funds | -22,280,838 | -1,895,834 | -48,847,034 | -27,514,729 | -19,828,244 | -15,820,954 | -3,767,452 | -645,521 |
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Apr 2019 | Oct 2018 | Oct 2017 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -18,601,972 | -17,126,178 | -17,392,172 | -6,520,063 | -5,981,970 | -10,768,049 | ||
| Depreciation | 827,582 | 835,522 | 718,217 | 402,270 | 273,843 | 473,863 | 0 | 0 |
| Amortisation | 111,643 | 111,643 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 1,431,322 | 0 | 424,712 | 321,196 | -69,261 | ||
| Stock | 5,910,304 | 2,241,622 | -969,258 | 797,056 | -46,940 | 1,468,672 | 0 | 0 |
| Debtors | 2,580,652 | -350,824 | -259,385 | -685,527 | -1,189,226 | 4,760,225 | 1,564,145 | 1,463,061 |
| Creditors | 18,401,467 | 544,715 | 1,365,383 | -1,589,907 | -1,261,627 | 1,392,490 | 752,426 | 624,998 |
| Accruals and Deferred Income | -3,017,029 | 363,504 | 1,383,291 | 147,569 | -120,323 | -782,591 | 1,905,256 | 10,617 |
| Deferred Taxes & Provisions | -553,176 | 2,280,919 | 138,183 | 1,305,077 | 1,269,843 | 0 | 0 | 0 |
| Cash flow from operations | -11,322,441 | -13,449,351 | -12,558,455 | -5,941,871 | -4,262,872 | -15,982,445 | ||
| Investing Activities | ||||||||
| capital expenditure | -1,098,246 | -3,002,163 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -1,098,246 | -3,002,163 | ||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -6,350,783 | -6,381,145 | -2,604,057 | 8,276,439 | 8,424,857 | 7,059,546 | 0 | 180,563 |
| Other Short Term Loans | 0 | 0 | -25,156,217 | 25,156,217 | 16,366,185 | 0 | 0 | 0 |
| Long term loans | 27,376,409 | -42,110,065 | 44,140,939 | -20,676,248 | -20,676,248 | 13,109,711 | 7,566,537 | 5,787,297 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 7,399 | 1,047,590 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -1,783,032 | -2,353,937 | -3,940,133 | -1,591,134 | 1,653,481 | -1,216,192 | ||
| cash flow from financing | 19,249,993 | 15,202,436 | 12,440,532 | 7,157,984 | 5,768,278 | 18,953,065 | ||
| cash and cash equivalents | ||||||||
| cash | 337,923 | 153,064 | -278,366 | 353,673 | 407,160 | -31,543 | 175,891 | 2,684,168 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 337,923 | 153,064 | -278,366 | 353,673 | 407,160 | -31,543 | 175,891 | 2,684,168 |
tophat industries limited Credit Report and Business Information
Tophat Industries Limited Competitor Analysis
Perform a competitor analysis for tophat industries limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in DE65 area or any other competitors across 12 key performance metrics.
tophat industries limited Ownership
TOPHAT INDUSTRIES LIMITED group structure
Tophat Industries Limited has no subsidiary companies.
Ultimate parent company
GOLDMAN SACHS GROUP INC
#0041484
2 parents
TOPHAT INDUSTRIES LIMITED
10136060
tophat industries limited directors
Tophat Industries Limited currently has 2 directors. The longest serving directors include Mr Jordan Rosenhaus (Apr 2016) and Mr Krishan Pattni (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jordan Rosenhaus | England | 48 years | Apr 2016 | - | Director |
| Mr Krishan Pattni | United Kingdom | 42 years | Apr 2016 | - | Director |
P&L
October 2022turnover
10.2m
-17%
operating profit
-18.6m
+9%
gross margin
-102.9%
+2.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
-22.3m
+10.75%
total assets
32.2m
+0.92%
cash
710.6k
+0.91%
net assets
Total assets minus all liabilities
tophat industries limited company details
company number
10136060
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
April 2016
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
October 2022
previous names
N/A
accountant
-
auditor
BDO LLP
address
unit 3000 park avenue, dove valley park, derby, DE65 5BT
Bank
-
Legal Advisor
-
tophat industries 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 14 charges/mortgages relating to tophat industries limited. Currently there are 1 open charges and 13 have been satisfied in the past.
tophat industries limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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tophat industries limited Companies House Filings - See Documents
| date | description | view/download |
|---|
