bucharest topco limited
bucharest topco limited Company Information
Company Number
11399344
Next Accounts
Jul 2025
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Shareholders
duke street v limited (in its capacity as manager of bucharest investment lp)
duke street v limited (in its capacity as manager of cornerstone lp)
View AllGroup Structure
View All
Contact
Registered Address
c/o great rail journeys limited, hq building hudson quarter, york, YO1 6JT
Website
dukestreet.combucharest topco limited Estimated Valuation
Pomanda estimates the enterprise value of BUCHAREST TOPCO LIMITED at £247m based on a Turnover of £112.5m and 2.2x industry multiple (adjusted for size and gross margin).
bucharest topco limited Estimated Valuation
Pomanda estimates the enterprise value of BUCHAREST TOPCO LIMITED at £6.3m based on an EBITDA of £735k and a 8.53x industry multiple (adjusted for size and gross margin).
bucharest topco limited Estimated Valuation
Pomanda estimates the enterprise value of BUCHAREST TOPCO LIMITED at £0 based on Net Assets of £-31.6m and 1.31x industry multiple (adjusted for liquidity).
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Bucharest Topco Limited Overview
Bucharest Topco Limited is a live company located in york, YO1 6JT with a Companies House number of 11399344. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 2018, it's largest shareholder is duke street v limited (in its capacity as manager of bucharest investment lp) with a 61.7% stake. Bucharest Topco Limited is a young, mega sized company, Pomanda has estimated its turnover at £112.5m with rapid growth in recent years.
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Bucharest Topco Limited Health Check
Pomanda's financial health check has awarded Bucharest Topco Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
4 Weak
Size
annual sales of £112.5m, make it larger than the average company (£18.8m)
£112.5m - Bucharest Topco Limited
£18.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 91%, show it is growing at a faster rate (9.2%)
91% - Bucharest Topco Limited
9.2% - Industry AVG
Production
with a gross margin of 26.7%, this company has a higher cost of product (34.8%)
26.7% - Bucharest Topco Limited
34.8% - Industry AVG
Profitability
an operating margin of -6.5% make it less profitable than the average company (4.6%)
-6.5% - Bucharest Topco Limited
4.6% - Industry AVG
Employees
with 169 employees, this is above the industry average (103)
169 - Bucharest Topco Limited
103 - Industry AVG
Pay Structure
on an average salary of £55.2k, the company has a higher pay structure (£43k)
£55.2k - Bucharest Topco Limited
£43k - Industry AVG
Efficiency
resulting in sales per employee of £665.8k, this is more efficient (£187k)
£665.8k - Bucharest Topco Limited
£187k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (45 days)
6 days - Bucharest Topco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (45 days)
53 days - Bucharest Topco Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bucharest Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is more cash available to meet short term requirements (14 weeks)
19 weeks - Bucharest Topco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 125.3%, this is a higher level of debt than the average (68.9%)
125.3% - Bucharest Topco Limited
68.9% - Industry AVG
BUCHAREST TOPCO LIMITED financials
Bucharest Topco Limited's latest turnover from October 2023 is £112.5 million and the company has net assets of -£31.6 million. According to their latest financial statements, Bucharest Topco Limited has 169 employees and maintains cash reserves of £16.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
|---|---|---|---|---|---|
| Turnover | 112,521,000 | 95,925,000 | 26,345,000 | 16,144,000 | 136,647,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 82,491,000 | 66,640,000 | 17,583,000 | 10,320,000 | 94,299,000 |
| Gross Profit | 30,030,000 | 29,285,000 | 8,762,000 | 5,824,000 | 42,348,000 |
| Admin Expenses | 37,381,000 | 35,116,000 | 13,832,000 | 28,390,000 | 38,937,000 |
| Operating Profit | -7,351,000 | -5,831,000 | -5,070,000 | -22,566,000 | 3,411,000 |
| Interest Payable | 14,538,000 | 11,928,000 | 7,700,000 | 12,364,000 | 14,675,000 |
| Interest Receivable | 1,404,000 | 647,000 | 44,000 | 837,000 | 145,000 |
| Pre-Tax Profit | -20,485,000 | -17,112,000 | -20,231,000 | -34,093,000 | -11,119,000 |
| Tax | 519,000 | 871,000 | 2,165,000 | 4,186,000 | -3,333,000 |
| Profit After Tax | -19,966,000 | -16,241,000 | -18,066,000 | -29,907,000 | -14,452,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -19,966,000 | -16,241,000 | -18,066,000 | -29,907,000 | -14,452,000 |
| Employee Costs | 9,335,000 | 7,794,000 | 6,103,000 | 7,508,000 | 10,270,000 |
| Number Of Employees | 169 | 141 | 124 | 183 | 164 |
| EBITDA* | 735,000 | 1,894,000 | 2,560,000 | -14,818,000 | 12,651,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 973,000 | 989,000 | 156,000 | 253,000 | 238,000 |
| Intangible Assets | 98,187,000 | 104,005,000 | 110,875,000 | 117,912,000 | 125,186,000 |
| Investments & Other | 3,863,000 | 3,226,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 3,676,000 | 2,220,000 | 0 |
| Total Fixed Assets | 103,023,000 | 108,220,000 | 114,707,000 | 120,385,000 | 125,424,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,055,000 | 3,027,000 | 5,676,000 | 5,428,000 | 3,556,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,841,000 | 1,911,000 | 2,633,000 | 2,536,000 | 849,000 |
| Cash | 16,674,000 | 15,022,000 | 16,715,000 | 16,816,000 | 21,032,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 21,570,000 | 19,960,000 | 25,024,000 | 24,780,000 | 25,437,000 |
| total assets | 124,593,000 | 128,180,000 | 139,731,000 | 145,165,000 | 150,861,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 5,000,000 | 7,477,000 | 0 |
| Trade Creditors | 12,129,000 | 4,187,000 | 2,128,000 | 1,560,000 | 4,745,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 31,000 | 271,000 | 17,474,000 | 1,585,000 | 2,395,000 |
| hp & lease commitments | 230,000 | 213,000 | 0 | 0 | 0 |
| other current liabilities | 32,361,000 | 26,367,000 | 9,560,000 | 48,433,000 | 27,806,000 |
| total current liabilities | 44,751,000 | 31,038,000 | 34,162,000 | 59,055,000 | 34,946,000 |
| loans | 102,069,000 | 102,823,000 | 93,634,000 | 123,877,000 | 123,821,000 |
| hp & lease commitments | 118,000 | 357,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | 9,231,000 | 5,630,000 | 2,763,000 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 5,604,000 | 5,604,000 | 5,604,000 |
| total long term liabilities | 111,418,000 | 108,810,000 | 102,001,000 | 129,481,000 | 129,425,000 |
| total liabilities | 156,169,000 | 139,848,000 | 136,163,000 | 188,536,000 | 164,371,000 |
| net assets | -31,576,000 | -11,668,000 | 3,568,000 | -43,371,000 | -13,510,000 |
| total shareholders funds | -31,576,000 | -11,668,000 | 3,568,000 | -43,371,000 | -13,510,000 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -7,351,000 | -5,831,000 | -5,070,000 | -22,566,000 | 3,411,000 |
| Depreciation | 390,000 | 280,000 | 125,000 | 131,000 | 118,000 |
| Amortisation | 7,696,000 | 7,445,000 | 7,505,000 | 7,617,000 | 9,122,000 |
| Tax | 519,000 | 871,000 | 2,165,000 | 4,186,000 | -3,333,000 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -42,000 | -7,047,000 | 1,801,000 | 5,779,000 | 4,405,000 |
| Creditors | 7,942,000 | 2,059,000 | 568,000 | -3,185,000 | 4,745,000 |
| Accruals and Deferred Income | 9,595,000 | 19,674,000 | -36,110,000 | 20,627,000 | 27,806,000 |
| Deferred Taxes & Provisions | 0 | -5,604,000 | 0 | 0 | 5,604,000 |
| Cash flow from operations | 18,833,000 | 25,941,000 | -32,618,000 | 1,031,000 | 43,068,000 |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Change in Investments | 637,000 | 3,226,000 | 0 | 0 | 0 |
| cash flow from investments | -637,000 | -3,226,000 | 0 | 0 | 0 |
| Financing Activities | |||||
| Bank loans | 0 | -5,000,000 | -2,477,000 | 7,477,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -240,000 | -17,203,000 | 15,889,000 | -810,000 | 2,395,000 |
| Long term loans | -754,000 | 9,189,000 | -30,243,000 | 56,000 | 123,821,000 |
| Hire Purchase and Lease Commitments | -222,000 | 570,000 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -13,134,000 | -11,281,000 | -7,656,000 | -11,527,000 | -14,530,000 |
| cash flow from financing | -14,292,000 | -22,720,000 | 40,518,000 | -4,758,000 | 112,628,000 |
| cash and cash equivalents | |||||
| cash | 1,652,000 | -1,693,000 | -101,000 | -4,216,000 | 21,032,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,652,000 | -1,693,000 | -101,000 | -4,216,000 | 21,032,000 |
bucharest topco limited Credit Report and Business Information
Bucharest Topco Limited Competitor Analysis
Perform a competitor analysis for bucharest topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in YO1 area or any other competitors across 12 key performance metrics.
bucharest topco limited Ownership
BUCHAREST TOPCO LIMITED group structure
Bucharest Topco Limited has 1 subsidiary company.
Ultimate parent company
2 parents
BUCHAREST TOPCO LIMITED
11399344
1 subsidiary
bucharest topco limited directors
Bucharest Topco Limited currently has 7 directors. The longest serving directors include Mr Charles Gurassa (Jul 2018) and Mr David Riley (Sep 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Gurassa | United Kingdom | 68 years | Jul 2018 | - | Director |
| Mr David Riley | England | 44 years | Sep 2018 | - | Director |
| Mr Jason Lawford | England | 49 years | Oct 2019 | - | Director |
| Mr Hugo Strachan | England | 27 years | Oct 2019 | - | Director |
| Mr Jonathan Skolnick | England | 37 years | Oct 2022 | - | Director |
| Mr Benjamin Witting | England | 31 years | Sep 2023 | - | Director |
| Mr Andrew Stewart | United Kingdom | 45 years | Nov 2024 | - | Director |
P&L
October 2023turnover
112.5m
+17%
operating profit
-7.4m
+26%
gross margin
26.7%
-12.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
-31.6m
+1.71%
total assets
124.6m
-0.03%
cash
16.7m
+0.11%
net assets
Total assets minus all liabilities
bucharest topco limited company details
company number
11399344
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
June 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
c/o great rail journeys limited, hq building hudson quarter, york, YO1 6JT
Bank
-
Legal Advisor
-
bucharest 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 did not find charges/mortgages relating to bucharest topco limited.
bucharest topco 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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bucharest topco limited Companies House Filings - See Documents
| date | description | view/download |
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