Pomanda estimates the enterprise value of TOPSTITCH LTD at £5.5m based on a Turnover of £9.2m and 0.6x industry multiple (adjusted for size and gross margin).
topstitch ltdEstimated Valuation
£1.3m
Pomanda estimates the enterprise value of TOPSTITCH LTD at £1.3m based on an EBITDA of £254.3k and a 4.95x industry multiple (adjusted for size and gross margin).
topstitch ltdEstimated Valuation
£2.2m
Pomanda estimates the enterprise value of TOPSTITCH LTD at £2.2m based on Net Assets of £697.6k and 3.12x industry multiple (adjusted for liquidity).
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Topstitch LtdOverview
Topstitch Ltd is a live company located in enfield, EN1 1TE with a Companies House number of 11631634. It operates in the manufacture of other women's outerwear sector, SIC Code 14132. Founded in October 2018, it's largest shareholder is
ahmet karaman
with a 100% stake. Topstitch Ltd is a young,
mid sized company, Pomanda has estimated its turnover at
£9.2m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Topstitch Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
4 Strong
3 Regular
5 Weak
Size
annual sales of £9.2m, make it smaller than the average company (£12.7m)
£9.2m - Topstitch Ltd
£12.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 128%, show it is growing at a faster rate (3.1%)
128% - Topstitch Ltd
3.1% - Industry AVG
Production
with a gross margin of 20.7%, this company has a comparable cost of product (20.7%)
20.7% - Topstitch Ltd
20.7% - Industry AVG
Profitability
an operating margin of 2.7% make it as profitable than the average company (2.3%)
2.7% - Topstitch Ltd
2.3% - Industry AVG
Employees
with 6 employees, this is below the industry average (29)
6 - Topstitch Ltd
29 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has an equivalent pay structure (£30.8k)
£30.8k - Topstitch Ltd
£30.8k - Industry AVG
Efficiency
resulting in sales per employee of £1.5m, this is more efficient (£332k)
£1.5m - Topstitch Ltd
£332k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (49 days)
5 days - Topstitch Ltd
49 days - Industry AVG
Creditor Days
its suppliers are paid after 125 days, this is slower than average (35 days)
125 days - Topstitch Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 160 days, this is more than average (71 days)
160 days - Topstitch Ltd
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (38 weeks)
1 weeks - Topstitch Ltd
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.8%, this is a higher level of debt than the average (35.4%)
79.8% - Topstitch Ltd
35.4% - Industry AVG
TOPSTITCH LTD financials
EXPORT
Topstitch Ltd's latest turnover from March 2024 is estimated at £9.2 million and the company has net assets of £697.6 thousand. According to their latest financial statements, Topstitch Ltd has 6 employees and maintains cash reserves of £99.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Turnover
9,167,387
2,730,663
1,844,815
778,076
365,353
Other Income Or Grants
Cost Of Sales
7,268,903
2,298,477
1,497,530
663,461
303,256
Gross Profit
1,898,484
432,186
347,285
114,615
62,098
Admin Expenses
1,651,229
322,968
31,698
-93,709
60,289
Operating Profit
247,255
109,218
315,587
208,324
1,809
Interest Payable
3,000
3,758
3,094
1,525
Interest Receivable
4,913
3,295
519
40
4
Pre-Tax Profit
249,168
108,754
313,012
206,838
1,814
Tax
-62,292
-20,663
-59,472
-39,299
-345
Profit After Tax
186,876
88,091
253,540
167,539
1,469
Dividends Paid
Retained Profit
186,876
88,091
253,540
167,539
1,469
Employee Costs
184,875
135,276
54,067
24,134
29,016
Number Of Employees
6
5
2
1
1
EBITDA*
254,255
118,218
315,587
208,324
1,809
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Tangible Assets
11,999
18,999
814
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
11,999
18,999
814
Stock & work in progress
3,200,575
205,575
Trade Debtors
146,944
625,686
552,729
202,284
Group Debtors
Misc Debtors
Cash
99,903
87,266
67,792
70,599
8,398
misc current assets
total current assets
3,447,422
918,527
620,521
272,883
8,398
total assets
3,459,421
937,526
621,335
272,883
8,398
Bank overdraft
Bank loan
Trade Creditors
2,504,927
287,641
88,559
4,331
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
235,212
107,479
68,461
49,444
6,829
total current liabilities
2,740,139
395,120
157,020
53,775
6,829
loans
21,667
31,667
41,667
50,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
21,667
31,667
41,667
50,000
total liabilities
2,761,806
426,787
198,687
103,775
6,829
net assets
697,615
510,739
422,648
169,108
1,569
total shareholders funds
697,615
510,739
422,648
169,108
1,569
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Operating Activities
Operating Profit
247,255
109,218
315,587
208,324
1,809
Depreciation
7,000
9,000
Amortisation
Tax
-62,292
-20,663
-59,472
-39,299
-345
Stock
2,995,000
205,575
Debtors
-478,742
72,957
350,445
202,284
Creditors
2,217,286
199,082
84,228
4,331
Accruals and Deferred Income
127,733
39,018
19,017
42,615
6,829
Deferred Taxes & Provisions
Cash flow from operations
20,724
57,123
8,915
13,687
8,293
Investing Activities
capital expenditure
-27,185
-814
Change in Investments
cash flow from investments
-27,185
-814
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-10,000
-10,000
-8,333
50,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
1,913
-463
-2,575
-1,485
4
cash flow from financing
-8,087
-10,463
-10,908
48,515
104
cash and cash equivalents
cash
12,637
19,474
-2,807
62,201
8,398
overdraft
change in cash
12,637
19,474
-2,807
62,201
8,398
topstitch ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for topstitch ltd. Get real-time insights into topstitch ltd's credit score, group structure and payment trends.
Perform a competitor analysis for topstitch ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EN1 area or any other competitors across 12 key performance metrics.
topstitch ltd Ownership
TOPSTITCH LTD group structure
Topstitch Ltd has no subsidiary companies.
Ultimate parent company
TOPSTITCH LTD
11631634
TOPSTITCH LTD Shareholders
The sole shareholder of Topstitch Ltd is Ahmet Karaman.
ahmet karaman
100%
topstitch ltd directors
Topstitch Ltd currently has 1 director, Mr Ahmet Karaman serving since Oct 2018.
14132 - Manufacture of women's outerwear, other than leather clothes and workwear
incorporation date
October 2018
age
7
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
MUSALAR & CO ACCOUNTANTS
auditor
-
address
unit 6b, haslemere business centre, enfield, EN1 1TE
Bank
-
Legal Advisor
-
topstitch ltd 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 topstitch ltd.
topstitch ltd 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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topstitch ltdCompanies House Filings - See Documents
