floss topco limited
floss topco limited Company Information
Company Number
11894200
Next Accounts
Dec 2025
Shareholders
g square capital (gp) iii llp
snehal radia
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
oak house reeds crescent, watford, WD24 4PH
Website
-floss topco limited Estimated Valuation
Pomanda estimates the enterprise value of FLOSS TOPCO LIMITED at £104.6m based on a Turnover of £40.7m and 2.57x industry multiple (adjusted for size and gross margin).
floss topco limited Estimated Valuation
Pomanda estimates the enterprise value of FLOSS TOPCO LIMITED at £12.7m based on an EBITDA of £1.2m and a 10.74x industry multiple (adjusted for size and gross margin).
floss topco limited Estimated Valuation
Pomanda estimates the enterprise value of FLOSS TOPCO LIMITED at £0 based on Net Assets of £-2m and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Floss Topco Limited Overview
Floss Topco Limited is a live company located in watford, WD24 4PH with a Companies House number of 11894200. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in March 2019, it's largest shareholder is g square capital (gp) iii llp with a 86.8% stake. Floss Topco Limited is a young, large sized company, Pomanda has estimated its turnover at £40.7m with healthy growth in recent years.
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Floss Topco Limited Health Check
Pomanda's financial health check has awarded Floss Topco Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
5 Weak
Size
annual sales of £40.7m, make it larger than the average company (£19.1m)
£40.7m - Floss Topco Limited
£19.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (11.7%)
4% - Floss Topco Limited
11.7% - Industry AVG
Production
with a gross margin of 48.4%, this company has a lower cost of product (34.9%)
48.4% - Floss Topco Limited
34.9% - Industry AVG
Profitability
an operating margin of -17.2% make it less profitable than the average company (4.6%)
-17.2% - Floss Topco Limited
4.6% - Industry AVG
Employees
with 411 employees, this is above the industry average (104)
411 - Floss Topco Limited
104 - Industry AVG
Pay Structure
on an average salary of £26k, the company has a lower pay structure (£44.5k)
£26k - Floss Topco Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £99.1k, this is less efficient (£189.8k)
£99.1k - Floss Topco Limited
£189.8k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (44 days)
23 days - Floss Topco Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (43 days)
22 days - Floss Topco Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is less than average (34 days)
11 days - Floss Topco Limited
34 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is more cash available to meet short term requirements (14 weeks)
20 weeks - Floss Topco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.8%, this is a higher level of debt than the average (68.7%)
103.8% - Floss Topco Limited
68.7% - Industry AVG
FLOSS TOPCO LIMITED financials
Floss Topco Limited's latest turnover from March 2024 is £40.7 million and the company has net assets of -£2 million. According to their latest financial statements, Floss Topco Limited has 411 employees and maintains cash reserves of £7.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Turnover | 40,720,000 | 40,040,000 | 45,545,000 | 36,176,000 | 31,983,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | 20,994,000 | 21,598,000 | 23,920,000 | 17,506,000 | 15,969,000 |
| Gross Profit | 19,726,000 | 18,442,000 | 21,625,000 | 18,670,000 | 16,014,000 |
| Admin Expenses | 26,739,000 | 30,851,000 | 42,544,000 | 22,816,000 | 21,968,000 |
| Operating Profit | -7,013,000 | -12,409,000 | -20,919,000 | -4,146,000 | -5,954,000 |
| Interest Payable | 4,564,000 | 5,151,000 | 4,959,000 | 4,713,000 | 3,984,000 |
| Interest Receivable | 35,000 | 10,000 | |||
| Pre-Tax Profit | -11,542,000 | -17,560,000 | -25,878,000 | -8,859,000 | -9,928,000 |
| Tax | 572,000 | -325,000 | -609,000 | -157,000 | |
| Profit After Tax | -11,542,000 | -16,988,000 | -26,203,000 | -9,468,000 | -10,085,000 |
| Dividends Paid | |||||
| Retained Profit | -11,542,000 | -16,988,000 | -26,203,000 | -9,468,000 | -10,085,000 |
| Employee Costs | 10,692,000 | 9,971,000 | 10,136,000 | 8,896,000 | 8,008,000 |
| Number Of Employees | 411 | 386 | 407 | 402 | 316 |
| EBITDA* | 1,187,000 | 1,070,000 | -9,512,000 | 5,764,000 | 3,078,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 4,706,000 | 5,033,000 | 5,880,000 | 5,737,000 | 4,656,000 |
| Intangible Assets | 35,181,000 | 41,903,000 | 53,791,000 | 73,982,000 | 83,044,000 |
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 39,887,000 | 46,936,000 | 59,671,000 | 79,719,000 | 87,700,000 |
| Stock & work in progress | 663,000 | 569,000 | 673,000 | 619,000 | 549,000 |
| Trade Debtors | 2,577,000 | 1,924,000 | 1,535,000 | 1,606,000 | 628,000 |
| Group Debtors | |||||
| Misc Debtors | 1,413,000 | 1,975,000 | 3,285,000 | 2,800,000 | 3,795,000 |
| Cash | 7,317,000 | 8,248,000 | 4,423,000 | 8,479,000 | 1,231,000 |
| misc current assets | |||||
| total current assets | 11,970,000 | 12,716,000 | 9,916,000 | 13,504,000 | 6,203,000 |
| total assets | 51,857,000 | 59,652,000 | 69,587,000 | 93,223,000 | 93,903,000 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 1,321,000 | 564,000 | 1,373,000 | 1,077,000 | 1,528,000 |
| Group/Directors Accounts | 4,000 | ||||
| other short term finances | |||||
| hp & lease commitments | 14,000 | 106,000 | 136,000 | 129,000 | 164,000 |
| other current liabilities | 16,797,000 | 16,925,000 | 8,310,000 | 7,300,000 | 6,155,000 |
| total current liabilities | 18,132,000 | 17,595,000 | 9,819,000 | 8,506,000 | 7,851,000 |
| loans | 35,032,000 | 32,330,000 | 51,090,000 | 49,985,000 | 41,176,000 |
| hp & lease commitments | 13,000 | 31,000 | 137,000 | 269,000 | 319,000 |
| Accruals and Deferred Income | |||||
| other liabilities | 649,000 | 123,000 | 1,380,000 | 1,088,000 | 1,777,000 |
| provisions | 313,000 | 324,000 | 265,000 | ||
| total long term liabilities | 35,694,000 | 32,484,000 | 52,920,000 | 51,666,000 | 43,537,000 |
| total liabilities | 53,826,000 | 50,079,000 | 62,739,000 | 60,172,000 | 51,388,000 |
| net assets | -1,969,000 | 9,573,000 | 6,848,000 | 33,051,000 | 42,515,000 |
| total shareholders funds | -1,969,000 | 9,573,000 | 6,848,000 | 33,051,000 | 42,515,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -7,013,000 | -12,409,000 | -20,919,000 | -4,146,000 | -5,954,000 |
| Depreciation | 1,406,000 | 1,557,000 | 1,813,000 | 733,000 | 658,000 |
| Amortisation | 6,794,000 | 11,922,000 | 9,594,000 | 9,177,000 | 8,374,000 |
| Tax | 572,000 | -325,000 | -609,000 | -157,000 | |
| Stock | 94,000 | -104,000 | 54,000 | 70,000 | 549,000 |
| Debtors | 91,000 | -921,000 | 414,000 | -17,000 | 4,423,000 |
| Creditors | 757,000 | -809,000 | 296,000 | -451,000 | 1,528,000 |
| Accruals and Deferred Income | -128,000 | 8,615,000 | 1,010,000 | 1,145,000 | 6,155,000 |
| Deferred Taxes & Provisions | -313,000 | -11,000 | 59,000 | 265,000 | |
| Cash flow from operations | 1,631,000 | 10,160,000 | -9,010,000 | 5,855,000 | 5,897,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | -4,000 | 4,000 | |||
| Other Short Term Loans | |||||
| Long term loans | 2,702,000 | -18,760,000 | 1,105,000 | 8,809,000 | 41,176,000 |
| Hire Purchase and Lease Commitments | -110,000 | -136,000 | -125,000 | -85,000 | 483,000 |
| other long term liabilities | 526,000 | -1,257,000 | 292,000 | -689,000 | 1,777,000 |
| share issue | |||||
| interest | -4,529,000 | -5,151,000 | -4,959,000 | -4,713,000 | -3,974,000 |
| cash flow from financing | -1,411,000 | -5,591,000 | -3,687,000 | 3,322,000 | 92,066,000 |
| cash and cash equivalents | |||||
| cash | -931,000 | 3,825,000 | -4,056,000 | 7,248,000 | 1,231,000 |
| overdraft | |||||
| change in cash | -931,000 | 3,825,000 | -4,056,000 | 7,248,000 | 1,231,000 |
floss topco limited Credit Report and Business Information
Floss Topco Limited Competitor Analysis
Perform a competitor analysis for floss topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in WD24 area or any other competitors across 12 key performance metrics.
floss topco limited Ownership
FLOSS TOPCO LIMITED group structure
Floss Topco Limited has 1 subsidiary company.
floss topco limited directors
Floss Topco Limited currently has 3 directors. The longest serving directors include Mr Oliver Hoenich (Mar 2019) and Mr Laurent Ganem (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Oliver Hoenich | England | 40 years | Mar 2019 | - | Director |
| Mr Laurent Ganem | England | 66 years | Mar 2019 | - | Director |
| Mr Parish Vaid | England | 58 years | May 2019 | - | Director |
P&L
March 2024turnover
40.7m
+2%
operating profit
-7m
-43%
gross margin
48.5%
+5.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-2m
-1.21%
total assets
51.9m
-0.13%
cash
7.3m
-0.11%
net assets
Total assets minus all liabilities
floss topco limited company details
company number
11894200
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
March 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
oak house reeds crescent, watford, WD24 4PH
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
floss 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 floss topco limited.
floss 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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floss topco limited Companies House Filings - See Documents
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