tophat communities limited
tophat communities limited Company Information
Company Number
10302373
Next Accounts
136 days late
Industry
Management of real estate on a fee or contract basis
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) 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 communities limited Estimated Valuation
Pomanda estimates the enterprise value of TOPHAT COMMUNITIES LIMITED at £26.3m based on a Turnover of £13.4m and 1.97x industry multiple (adjusted for size and gross margin).
tophat communities limited Estimated Valuation
Pomanda estimates the enterprise value of TOPHAT COMMUNITIES LIMITED at £0 based on an EBITDA of £-1.8m and a 4.83x industry multiple (adjusted for size and gross margin).
tophat communities limited Estimated Valuation
Pomanda estimates the enterprise value of TOPHAT COMMUNITIES LIMITED at £0 based on Net Assets of £-24.6m and 1.76x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Tophat Communities Limited Overview
Tophat Communities Limited is a live company located in derby, DE65 5BT with a Companies House number of 10302373. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in July 2016, it's largest shareholder is tophat uk holdings limited with a 100% stake. Tophat Communities Limited is a young, mid sized company, Pomanda has estimated its turnover at £13.4m with rapid growth in recent years.
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Tophat Communities Limited Health Check
Pomanda's financial health check has awarded Tophat Communities Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £13.4m, make it larger than the average company (£819.5k)
£13.4m - Tophat Communities Limited
£819.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 75%, show it is growing at a faster rate (1.7%)
75% - Tophat Communities Limited
1.7% - Industry AVG
Production
with a gross margin of 0.5%, this company has a higher cost of product (59.3%)
0.5% - Tophat Communities Limited
59.3% - Industry AVG
Profitability
an operating margin of -13.6% make it less profitable than the average company (26.7%)
-13.6% - Tophat Communities Limited
26.7% - Industry AVG
Employees
with 18 employees, this is above the industry average (6)
18 - Tophat Communities Limited
6 - Industry AVG
Pay Structure
on an average salary of £60.6k, the company has a higher pay structure (£35.3k)
£60.6k - Tophat Communities Limited
£35.3k - Industry AVG
Efficiency
resulting in sales per employee of £744.5k, this is more efficient (£124.1k)
£744.5k - Tophat Communities Limited
£124.1k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (34 days)
5 days - Tophat Communities Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (36 days)
24 days - Tophat Communities Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (40 days)
4 days - Tophat Communities Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (18 weeks)
6 weeks - Tophat Communities Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 575.5%, this is a higher level of debt than the average (74%)
575.5% - Tophat Communities Limited
74% - Industry AVG
TOPHAT COMMUNITIES LIMITED financials
Tophat Communities Limited's latest turnover from October 2022 is £13.4 million and the company has net assets of -£24.6 million. According to their latest financial statements, Tophat Communities Limited has 18 employees and maintains cash reserves of £644.8 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | 13,400,829 | 7,088,665 | 10,283,860 | 2,508,601 | -1,118,199 | 7,483,771 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 13,328,329 | -4,371,029 | 12,144,487 | 2,508,601 | 18,990,750 | 7,123,771 | |
| Gross Profit | 72,500 | 11,459,694 | -1,860,627 | 0 | -20,108,949 | 360,000 | |
| Admin Expenses | 1,895,464 | 1,185,808 | 2,010,513 | 759,868 | 1,092,981 | 1,511,149 | |
| Operating Profit | -1,822,964 | 10,273,886 | -3,871,140 | -759,868 | -21,201,930 | -1,151,149 | |
| Interest Payable | 3,271,985 | 2,464,807 | 1,032,943 | 206,868 | 10,860 | 449 | |
| Interest Receivable | 0 | 0 | 722 | 147 | 42 | 160 | |
| Pre-Tax Profit | -5,094,948 | 7,809,079 | -4,903,361 | -966,589 | -21,212,748 | -1,151,438 | |
| Tax | 0 | 1,344,393 | 0 | 0 | 0 | 0 | |
| Profit After Tax | -5,094,948 | 9,153,472 | -4,903,361 | -966,589 | -21,212,748 | -1,151,438 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -5,094,948 | 9,153,472 | -4,903,361 | -966,589 | -21,212,748 | -1,151,438 | |
| Employee Costs | 1,090,247 | 632,052 | 54,711 | 133,664 | 187,135 | 432,435 | |
| Number Of Employees | 18 | 7 | 1 | 6 | 10 | 10 | 8 |
| EBITDA* | -1,822,964 | 10,273,886 | -3,871,140 | -759,868 | -21,201,930 | -1,151,149 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Apr 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 182,054 | 0 | 0 | 0 | 0 | 634,852 | 0 |
| Trade Debtors | 184,500 | 49,250 | 445,000 | 0 | 0 | 34,546 | 1,852,821 |
| Group Debtors | 3,987,640 | 3,791,886 | 9,037,449 | 12,159,813 | 12,969,342 | 20,238,529 | 1,426,265 |
| Misc Debtors | 179,635 | 1,454,572 | 3,038,872 | 363,138 | 4,060,626 | 304,812 | 173,885 |
| Cash | 644,787 | 26,037 | 9,503 | 96,149 | 176,841 | 22,564 | 830,943 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,178,616 | 5,321,745 | 12,530,824 | 12,619,100 | 17,206,809 | 21,235,303 | 4,283,914 |
| total assets | 5,178,616 | 5,321,745 | 12,530,824 | 12,619,100 | 17,206,809 | 21,235,303 | 4,283,914 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 889,881 | 390,384 | 661,451 | 79,636 | 361,560 | 1,058,240 | 201,123 |
| Group/Directors Accounts | 1,531,765 | 1,070,667 | 9,964,988 | 21,785,517 | 23,161,470 | 21,701,259 | 3,506,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,673,406 | 567,637 | 2,184,207 | 381,762 | 297,200 | 77,223 | 9,301 |
| total current liabilities | 5,095,052 | 2,028,688 | 12,810,646 | 22,246,915 | 23,820,230 | 22,836,722 | 3,716,424 |
| loans | 23,480,516 | 21,595,061 | 16,023,659 | 0 | 877,236 | 0 | 1,017,471 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,228,638 | 1,228,638 | 12,380,633 | 14,152,938 | 15,323,507 | 0 | 0 |
| total long term liabilities | 24,709,154 | 22,823,699 | 28,404,292 | 14,152,938 | 16,200,743 | 0 | 1,017,471 |
| total liabilities | 29,804,206 | 24,852,387 | 41,214,938 | 36,399,853 | 40,020,973 | 22,836,722 | 4,733,895 |
| net assets | -24,625,590 | -19,530,642 | -28,684,114 | -23,780,753 | -22,814,164 | -1,601,419 | -449,981 |
| total shareholders funds | -24,625,590 | -19,530,642 | -28,684,114 | -23,780,753 | -22,814,164 | -1,601,419 | -449,981 |
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Apr 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -1,822,964 | 10,273,886 | -3,871,140 | -759,868 | -21,201,930 | -1,151,149 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 1,344,393 | 0 | 0 | 0 | 0 | |
| Stock | 182,054 | 0 | 0 | -634,852 | -634,852 | 634,852 | 0 |
| Debtors | -943,933 | -7,225,613 | -1,630 | -8,054,936 | -3,547,919 | 17,124,916 | 3,452,971 |
| Creditors | 499,497 | -271,067 | 581,815 | -978,604 | -696,680 | 857,117 | 201,123 |
| Accruals and Deferred Income | 2,105,769 | -1,616,570 | 1,802,445 | 304,539 | 219,977 | 67,922 | 9,301 |
| Deferred Taxes & Provisions | 0 | -11,151,995 | -1,772,305 | 14,152,938 | 15,323,507 | 0 | 0 |
| Cash flow from operations | 1,544,181 | 5,804,260 | -3,257,555 | 21,408,793 | -2,172,355 | -17,985,878 | |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 461,098 | -8,894,321 | -11,820,529 | 84,258 | 1,460,211 | 18,195,259 | 3,506,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,885,455 | 5,571,402 | 16,023,659 | 0 | 877,236 | -1,017,471 | 1,017,471 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -3,271,985 | -2,464,807 | -1,032,221 | -206,721 | -10,818 | -289 | |
| cash flow from financing | -925,432 | -5,787,726 | 3,170,909 | -21,335,208 | 2,326,632 | 17,177,499 | |
| cash and cash equivalents | |||||||
| cash | 618,750 | 16,534 | -86,646 | 73,585 | 154,277 | -808,379 | 830,943 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 618,750 | 16,534 | -86,646 | 73,585 | 154,277 | -808,379 | 830,943 |
tophat communities limited Credit Report and Business Information
Tophat Communities Limited Competitor Analysis
Perform a competitor analysis for tophat communities limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in DE65 area or any other competitors across 12 key performance metrics.
tophat communities limited Ownership
TOPHAT COMMUNITIES LIMITED group structure
Tophat Communities Limited has no subsidiary companies.
Ultimate parent company
GOLDMAN SACHS GROUP INC
#0041484
2 parents
TOPHAT COMMUNITIES LIMITED
10302373
tophat communities limited directors
Tophat Communities Limited currently has 2 directors. The longest serving directors include Mr Jordan Rosenhaus (Jul 2016) and Mr Krishan Pattni (Jul 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jordan Rosenhaus | England | 48 years | Jul 2016 | - | Director |
| Mr Krishan Pattni | United Kingdom | 42 years | Jul 2016 | - | Director |
P&L
October 2022turnover
13.4m
+89%
operating profit
-1.8m
-118%
gross margin
0.6%
-99.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
-24.6m
+0.26%
total assets
5.2m
-0.03%
cash
644.8k
+23.76%
net assets
Total assets minus all liabilities
tophat communities limited company details
company number
10302373
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
July 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 communities 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 12 charges/mortgages relating to tophat communities limited. Currently there are 1 open charges and 11 have been satisfied in the past.
tophat communities 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.
Click to start generating capital raising & share issue transactions for TOPHAT COMMUNITIES LIMITED. This can take several minutes, an email will notify you when this has completed.
tophat communities limited Companies House Filings - See Documents
| date | description | view/download |
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