tdp topco limited
tdp topco limited Company Information
Company Number
11429333
Next Accounts
Dec 2025
Shareholders
august equity partners iv general partner llp
dr adam friedmann
View AllGroup Structure
View All
Industry
General medical practice activities
Registered Address
10 slingsby place, st martin's courtyard, london, WC2E 9AB
Website
https://www.augustequity.comtdp topco limited Estimated Valuation
Pomanda estimates the enterprise value of TDP TOPCO LIMITED at £12.3m based on a Turnover of £16.4m and 0.75x industry multiple (adjusted for size and gross margin).
tdp topco limited Estimated Valuation
Pomanda estimates the enterprise value of TDP TOPCO LIMITED at £2.8m based on an EBITDA of £495.7k and a 5.57x industry multiple (adjusted for size and gross margin).
tdp topco limited Estimated Valuation
Pomanda estimates the enterprise value of TDP TOPCO LIMITED at £0 based on Net Assets of £-23.1m and 2.51x industry multiple (adjusted for liquidity).
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Tdp Topco Limited Overview
Tdp Topco Limited is a live company located in london, WC2E 9AB with a Companies House number of 11429333. It operates in the general medical practice activities sector, SIC Code 86210. Founded in June 2018, it's largest shareholder is august equity partners iv general partner llp with a 78.8% stake. Tdp Topco Limited is a young, mid sized company, Pomanda has estimated its turnover at £16.4m with high growth in recent years.
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Tdp Topco Limited Health Check
Pomanda's financial health check has awarded Tdp Topco Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £16.4m, make it larger than the average company (£1.9m)
£16.4m - Tdp Topco Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (10.5%)
19% - Tdp Topco Limited
10.5% - Industry AVG
Production
with a gross margin of 39.9%, this company has a comparable cost of product (39.9%)
39.9% - Tdp Topco Limited
39.9% - Industry AVG
Profitability
an operating margin of -8% make it less profitable than the average company (3.7%)
-8% - Tdp Topco Limited
3.7% - Industry AVG
Employees
with 143 employees, this is above the industry average (21)
143 - Tdp Topco Limited
21 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has an equivalent pay structure (£34.6k)
£30.8k - Tdp Topco Limited
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £114.8k, this is more efficient (£87.9k)
£114.8k - Tdp Topco Limited
£87.9k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (30 days)
16 days - Tdp Topco Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is slower than average (25 days)
30 days - Tdp Topco Limited
25 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (11 days)
4 days - Tdp Topco Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (40 weeks)
8 weeks - Tdp Topco Limited
40 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 325.8%, this is a higher level of debt than the average (56.3%)
325.8% - Tdp Topco Limited
56.3% - Industry AVG
TDP TOPCO LIMITED financials
Tdp Topco Limited's latest turnover from March 2024 is £16.4 million and the company has net assets of -£23.1 million. According to their latest financial statements, Tdp Topco Limited has 143 employees and maintains cash reserves of £581.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Turnover | 16,416,636 | 14,641,194 | 12,963,848 | 9,724,974 | 6,056,228 | |
| Other Income Or Grants | 2,165 | 152,149 | ||||
| Cost Of Sales | 9,873,774 | 8,177,636 | 6,874,331 | 5,331,453 | 2,493,319 | |
| Gross Profit | 6,542,862 | 6,463,558 | 6,091,682 | 4,545,670 | 3,562,909 | |
| Admin Expenses | 7,859,605 | 7,892,872 | 7,407,191 | 6,852,888 | 5,296,951 | |
| Operating Profit | -1,316,743 | -1,429,314 | -1,315,509 | -2,307,218 | -1,734,042 | |
| Interest Payable | 3,860,877 | 3,119,086 | 2,768,556 | 2,450,197 | 1,860,326 | |
| Interest Receivable | 6,327 | 6,732 | 1,227 | 6,291 | 3,369 | |
| Pre-Tax Profit | -5,171,293 | -4,541,668 | -4,082,838 | -4,751,124 | -3,590,999 | |
| Tax | 135,216 | 335,306 | -151,599 | -9,338 | 113,734 | |
| Profit After Tax | -5,036,077 | -4,206,362 | -4,234,437 | -4,760,462 | -3,477,265 | |
| Dividends Paid | ||||||
| Retained Profit | -5,046,734 | -4,230,873 | -4,260,910 | -4,771,159 | -3,478,143 | |
| Employee Costs | 4,405,049 | 4,458,525 | 4,081,433 | 3,916,166 | 2,896,727 | |
| Number Of Employees | 143 | 154 | 140 | 124 | 66 | 6 |
| EBITDA* | 495,721 | 381,232 | 497,767 | -541,426 | -205,523 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,021,263 | 1,154,891 | 1,304,222 | 1,298,715 | 1,496,586 | |
| Intangible Assets | 6,734,750 | 8,253,963 | 9,722,394 | 10,908,328 | 12,950,781 | |
| Investments & Other | 223,397 | 358,239 | ||||
| Debtors (Due After 1 year) | 438,486 | |||||
| Total Fixed Assets | 7,756,013 | 9,632,251 | 11,026,616 | 12,207,043 | 14,447,367 | 796,725 |
| Stock & work in progress | 114,045 | 102,474 | 76,042 | 74,780 | 77,029 | |
| Trade Debtors | 743,373 | 492,170 | 505,071 | 372,591 | 464,832 | |
| Group Debtors | ||||||
| Misc Debtors | 1,044,691 | 612,385 | 532,779 | 378,653 | 562,589 | 1 |
| Cash | 581,910 | 1,006,945 | 1,399,388 | 2,172,448 | 1,769,018 | |
| misc current assets | ||||||
| total current assets | 2,484,019 | 2,213,974 | 2,513,280 | 2,998,472 | 2,873,468 | 1 |
| total assets | 10,240,032 | 11,846,225 | 13,539,896 | 15,205,515 | 17,320,835 | 796,726 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 826,272 | 714,355 | 534,766 | 461,577 | 397,793 | |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | 52,330 | 38,738 | 50,413 | |||
| other current liabilities | 2,530,043 | 2,576,818 | 2,745,535 | 2,207,069 | 1,962,981 | 72 |
| total current liabilities | 3,408,645 | 3,329,911 | 3,330,714 | 2,668,646 | 2,360,774 | 72 |
| loans | 29,911,985 | 26,412,822 | 23,307,381 | 20,549,678 | 17,357,972 | 291,721 |
| hp & lease commitments | 37,082 | 98,164 | 103,685 | |||
| Accruals and Deferred Income | 474,517 | 1,479,405 | 2,395,500 | |||
| other liabilities | ||||||
| provisions | 111,909 | 61,659 | ||||
| total long term liabilities | 29,949,067 | 26,510,986 | 23,997,492 | 22,090,742 | 19,753,472 | 291,721 |
| total liabilities | 33,357,712 | 29,840,897 | 27,328,206 | 24,759,388 | 22,114,246 | 291,793 |
| net assets | -23,117,680 | -18,138,416 | -13,907,543 | -9,646,633 | -4,875,474 | 504,933 |
| total shareholders funds | -23,117,680 | -18,138,416 | -13,907,543 | -9,646,633 | -4,875,474 | 504,933 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -1,316,743 | -1,429,314 | -1,315,509 | -2,307,218 | -1,734,042 | |
| Depreciation | 292,163 | 305,943 | 308,860 | 291,861 | 161,168 | |
| Amortisation | 1,520,301 | 1,504,603 | 1,504,416 | 1,473,931 | 1,367,351 | |
| Tax | 135,216 | 335,306 | -151,599 | -9,338 | 113,734 | |
| Stock | 11,571 | 26,432 | 1,262 | -2,249 | 77,029 | |
| Debtors | 683,509 | 66,705 | 286,606 | -276,177 | 588,934 | 438,487 |
| Creditors | 111,917 | 179,589 | 73,189 | 63,784 | 397,793 | |
| Accruals and Deferred Income | -46,775 | -643,234 | -466,422 | -672,007 | 4,358,409 | 72 |
| Deferred Taxes & Provisions | -111,909 | 50,250 | 61,659 | |||
| Cash flow from operations | 999 | 47,847 | -284,683 | -818,902 | 3,998,450 | |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -223,397 | 223,397 | -358,239 | 358,239 | ||
| cash flow from investments | 223,397 | -223,397 | 358,239 | |||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | 3,499,163 | 3,105,441 | 2,757,703 | 3,191,706 | 17,066,251 | 291,721 |
| Hire Purchase and Lease Commitments | -47,490 | -17,196 | 154,098 | |||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | -3,854,550 | -3,112,354 | -2,767,329 | -2,443,906 | -1,856,957 | |
| cash flow from financing | -335,407 | -24,109 | 144,472 | 747,800 | 13,307,030 | |
| cash and cash equivalents | ||||||
| cash | -425,035 | -392,443 | -773,060 | 403,430 | 1,769,018 | |
| overdraft | ||||||
| change in cash | -425,035 | -392,443 | -773,060 | 403,430 | 1,769,018 |
tdp topco limited Credit Report and Business Information
Tdp Topco Limited Competitor Analysis
Perform a competitor analysis for tdp topco limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in WC2E area or any other competitors across 12 key performance metrics.
tdp topco limited Ownership
TDP TOPCO LIMITED group structure
Tdp Topco Limited has 1 subsidiary company.
Ultimate parent company
1 parent
TDP TOPCO LIMITED
11429333
1 subsidiary
tdp topco limited directors
Tdp Topco Limited currently has 3 directors. The longest serving directors include Dr Keith Pacey (Jun 2020) and Mr Michael Biddulph (Jan 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Keith Pacey | England | 75 years | Jun 2020 | - | Director |
| Mr Michael Biddulph | United Kingdom | 50 years | Jan 2023 | - | Director |
| Miss Celine Henriksen | England | 29 years | Feb 2023 | - | Director |
P&L
March 2024turnover
16.4m
+12%
operating profit
-1.3m
-8%
gross margin
39.9%
-9.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-23.1m
+0.27%
total assets
10.2m
-0.14%
cash
581.9k
-0.42%
net assets
Total assets minus all liabilities
tdp topco limited company details
company number
11429333
Type
Private limited with Share Capital
industry
86210 - General medical practice activities
incorporation date
June 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
HAZLEWOODS LLP
address
10 slingsby place, st martin's courtyard, london, WC2E 9AB
Bank
-
Legal Advisor
-
tdp 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 tdp topco limited.
tdp 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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tdp topco limited Companies House Filings - See Documents
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