project further topco limited
project further topco limited Company Information
Company Number
11884896
Next Accounts
Mar 2026
Shareholders
horizon capital 2018 limited partnership
leigh morris
View AllGroup Structure
View All
Industry
Market research and public opinion polling
Registered Address
11 soho street, london, W1D 3AD
Website
-project further topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT FURTHER TOPCO LIMITED at £71.4m based on a Turnover of £61.4m and 1.16x industry multiple (adjusted for size and gross margin).
project further topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT FURTHER TOPCO LIMITED at £37.2m based on an EBITDA of £5.4m and a 6.85x industry multiple (adjusted for size and gross margin).
project further topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT FURTHER TOPCO LIMITED at £0 based on Net Assets of £-4.1m and 1.64x industry multiple (adjusted for liquidity).
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Project Further Topco Limited Overview
Project Further Topco Limited is a live company located in london, W1D 3AD with a Companies House number of 11884896. It operates in the market research and public opinion polling sector, SIC Code 73200. Founded in March 2019, it's largest shareholder is horizon capital 2018 limited partnership with a 35.2% stake. Project Further Topco Limited is a young, large sized company, Pomanda has estimated its turnover at £61.4m with rapid growth in recent years.
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Project Further Topco Limited Health Check
Pomanda's financial health check has awarded Project Further Topco Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
2 Weak
Size
annual sales of £61.4m, make it larger than the average company (£9m)
£61.4m - Project Further Topco Limited
£9m - Industry AVG
Growth
3 year (CAGR) sales growth of 55%, show it is growing at a faster rate (9.4%)
55% - Project Further Topco Limited
9.4% - Industry AVG
Production
with a gross margin of 73.4%, this company has a comparable cost of product (67.7%)
73.4% - Project Further Topco Limited
67.7% - Industry AVG
Profitability
an operating margin of -3.9% make it less profitable than the average company (5.3%)
-3.9% - Project Further Topco Limited
5.3% - Industry AVG
Employees
with 422 employees, this is above the industry average (57)
422 - Project Further Topco Limited
57 - Industry AVG
Pay Structure
on an average salary of £67.4k, the company has an equivalent pay structure (£69.5k)
£67.4k - Project Further Topco Limited
£69.5k - Industry AVG
Efficiency
resulting in sales per employee of £145.4k, this is equally as efficient (£150.7k)
£145.4k - Project Further Topco Limited
£150.7k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (63 days)
52 days - Project Further Topco Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 97 days, this is slower than average (39 days)
97 days - Project Further Topco Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Project Further Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (13 weeks)
13 weeks - Project Further Topco Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.7%, this is a higher level of debt than the average (60.3%)
106.7% - Project Further Topco Limited
60.3% - Industry AVG
PROJECT FURTHER TOPCO LIMITED financials
Project Further Topco Limited's latest turnover from June 2024 is £61.4 million and the company has net assets of -£4.1 million. According to their latest financial statements, Project Further Topco Limited has 422 employees and maintains cash reserves of £5.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|---|
| Turnover | 61,352,979 | 60,290,724 | 40,202,628 | 16,376,660 | 11,698,165 |
| Other Income Or Grants | |||||
| Cost Of Sales | 16,315,950 | 18,404,286 | 11,244,319 | 4,321,108 | 2,640,519 |
| Gross Profit | 45,037,029 | 41,886,438 | 28,958,309 | 12,055,552 | 9,057,646 |
| Admin Expenses | 47,427,025 | 43,688,896 | 29,534,649 | 12,413,915 | 11,459,261 |
| Operating Profit | -2,389,996 | -1,802,458 | -576,340 | -358,363 | -2,401,615 |
| Interest Payable | 4,525,657 | 3,419,132 | 2,211,746 | 1,208,954 | 1,462,918 |
| Interest Receivable | 5,431 | 8,193 | 22 | 148 | 2,667 |
| Pre-Tax Profit | -6,910,222 | -5,213,397 | -2,788,064 | -1,567,169 | -3,861,866 |
| Tax | -369,591 | -7,096 | -541,661 | -118,809 | -41,600 |
| Profit After Tax | -7,279,813 | -5,220,493 | -3,329,725 | -1,685,978 | -3,903,466 |
| Dividends Paid | |||||
| Retained Profit | -7,279,813 | -5,220,493 | -3,329,725 | -1,685,978 | -3,903,466 |
| Employee Costs | 28,432,778 | 26,399,874 | 16,979,962 | 6,795,581 | 5,897,288 |
| Number Of Employees | 422 | 400 | 297 | 146 | 101 |
| EBITDA* | 5,423,947 | 5,761,214 | 5,260,034 | 2,379,591 | 736,107 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 516,359 | 606,997 | 520,249 | 197,582 | 137,562 |
| Intangible Assets | 38,294,513 | 45,117,842 | 37,294,405 | 23,684,550 | 15,725,763 |
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 38,810,872 | 45,724,839 | 37,814,654 | 23,882,132 | 15,863,325 |
| Stock & work in progress | |||||
| Trade Debtors | 8,793,931 | 10,475,792 | 7,118,201 | 3,538,779 | 1,210,650 |
| Group Debtors | |||||
| Misc Debtors | 7,745,886 | 10,393,076 | 7,657,520 | 2,809,939 | 1,578,090 |
| Cash | 5,104,448 | 7,464,318 | 5,895,413 | 4,677,857 | 3,802,323 |
| misc current assets | |||||
| total current assets | 21,644,265 | 28,333,186 | 20,671,134 | 11,026,575 | 6,591,063 |
| total assets | 60,455,137 | 74,058,025 | 58,485,788 | 34,908,707 | 22,454,388 |
| Bank overdraft | 312,500 | 250,000 | |||
| Bank loan | 500,000 | 312,500 | 866,000 | ||
| Trade Creditors | 4,342,854 | 3,688,989 | 3,045,935 | 1,462,293 | 406,682 |
| Group/Directors Accounts | |||||
| other short term finances | 1,750,000 | 7,450,000 | |||
| hp & lease commitments | |||||
| other current liabilities | 12,685,106 | 16,905,022 | 15,264,290 | 7,695,849 | 2,676,478 |
| total current liabilities | 19,277,960 | 28,356,511 | 19,176,225 | 9,470,642 | 3,333,160 |
| loans | 45,072,462 | 41,380,680 | 29,819,775 | 16,486,549 | 14,313,417 |
| hp & lease commitments | |||||
| Accruals and Deferred Income | 3,661,050 | 5,195,050 | |||
| other liabilities | 1,600,000 | ||||
| provisions | 183,641 | 232,151 | 231,428 | 431 | 33,802 |
| total long term liabilities | 45,256,103 | 43,212,831 | 33,712,253 | 21,682,030 | 14,347,219 |
| total liabilities | 64,534,063 | 71,569,342 | 52,888,478 | 31,152,672 | 17,680,379 |
| net assets | -4,078,926 | 2,488,683 | 5,597,310 | 3,756,035 | 4,774,009 |
| total shareholders funds | -4,078,926 | 2,488,683 | 5,597,310 | 3,756,035 | 4,774,009 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -2,389,996 | -1,802,458 | -576,340 | -358,363 | -2,401,615 |
| Depreciation | 423,051 | 243,556 | 158,782 | 96,383 | 54,865 |
| Amortisation | 7,390,892 | 7,320,116 | 5,677,592 | 2,641,571 | 3,082,857 |
| Tax | -369,591 | -7,096 | -541,661 | -118,809 | -41,600 |
| Stock | |||||
| Debtors | -4,329,051 | 6,093,147 | 8,427,003 | 3,559,978 | 2,788,740 |
| Creditors | 653,865 | 643,054 | 1,583,642 | 1,055,611 | 406,682 |
| Accruals and Deferred Income | -4,219,916 | -2,020,318 | 6,034,441 | 10,214,421 | 2,676,478 |
| Deferred Taxes & Provisions | -48,510 | 723 | 230,997 | -33,371 | 33,802 |
| Cash flow from operations | 5,768,846 | -1,715,570 | 4,140,450 | 9,937,465 | 1,022,729 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 187,500 | -553,500 | 866,000 | ||
| Group/Directors Accounts | |||||
| Other Short Term Loans | -5,700,000 | 7,450,000 | |||
| Long term loans | 3,691,782 | 11,560,905 | 13,333,226 | 2,173,132 | 14,313,417 |
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | -1,600,000 | 1,600,000 | |||
| share issue | |||||
| interest | -4,520,226 | -3,410,939 | -2,211,724 | -1,208,806 | -1,460,251 |
| cash flow from financing | -7,228,740 | 18,758,332 | 17,158,502 | 1,632,330 | 21,530,641 |
| cash and cash equivalents | |||||
| cash | -2,359,870 | 1,568,905 | 1,217,556 | 875,534 | 3,802,323 |
| overdraft | -312,500 | 62,500 | 250,000 | ||
| change in cash | -2,359,870 | 1,568,905 | 1,530,056 | 813,034 | 3,552,323 |
project further topco limited Credit Report and Business Information
Project Further Topco Limited Competitor Analysis
Perform a competitor analysis for project further topco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in W1D area or any other competitors across 12 key performance metrics.
project further topco limited Ownership
PROJECT FURTHER TOPCO LIMITED group structure
Project Further Topco Limited has 1 subsidiary company.
Ultimate parent company
PROJECT FURTHER TOPCO LIMITED
11884896
1 subsidiary
project further topco limited directors
Project Further Topco Limited currently has 5 directors. The longest serving directors include Mr Adam Lewis (Mar 2019) and Mr Barrie Brien (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Lewis | England | 43 years | Mar 2019 | - | Director |
| Mr Barrie Brien | England | 58 years | Mar 2019 | - | Director |
| Mr Stephen Richards | England | 65 years | Jan 2020 | - | Director |
| Mr James White | England | 28 years | Oct 2023 | - | Director |
| Mr Stephen Perkins | 50 years | Jan 2024 | - | Director |
P&L
June 2024turnover
61.4m
+2%
operating profit
-2.4m
+33%
gross margin
73.5%
+5.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
-4.1m
-2.64%
total assets
60.5m
-0.18%
cash
5.1m
-0.32%
net assets
Total assets minus all liabilities
Similar Companies
project further topco limited company details
company number
11884896
Type
Private limited with Share Capital
industry
73200 - Market research and public opinion polling
incorporation date
March 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
MOORE KINGSTON SMITH LLP
address
11 soho street, london, W1D 3AD
Bank
-
Legal Advisor
-
project further 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 project further topco limited.
project further 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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project further topco limited Companies House Filings - See Documents
| date | description | view/download |
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