project manhattan topco limited
project manhattan topco limited Company Information
Company Number
13998204
Next Accounts
Sep 2025
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Shareholders
emk capital partners ii lp
emk capital partners ii b lp
View AllGroup Structure
View All
Contact
Registered Address
11 hanover square, london, W1S 1JJ
Website
-project manhattan topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT MANHATTAN TOPCO LIMITED at £206.9m based on a Turnover of £81.9m and 2.53x industry multiple (adjusted for size and gross margin).
project manhattan topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT MANHATTAN TOPCO LIMITED at £73.2m based on an EBITDA of £7.5m and a 9.81x industry multiple (adjusted for size and gross margin).
project manhattan topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT MANHATTAN TOPCO LIMITED at £0 based on Net Assets of £-67.8m and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Project Manhattan Topco Limited Overview
Project Manhattan Topco Limited is a live company located in london, W1S 1JJ with a Companies House number of 13998204. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in March 2022, it's largest shareholder is emk capital partners ii lp with a 77.4% stake. Project Manhattan Topco Limited is a startup, large sized company, Pomanda has estimated its turnover at £81.9m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Project Manhattan Topco Limited Health Check
Pomanda's financial health check has awarded Project Manhattan Topco Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £81.9m, make it larger than the average company (£19m)
£81.9m - Project Manhattan Topco Limited
£19m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Project Manhattan Topco Limited
- - Industry AVG
Production
with a gross margin of 36.3%, this company has a comparable cost of product (36.3%)
36.3% - Project Manhattan Topco Limited
36.3% - Industry AVG
Profitability
an operating margin of -18% make it less profitable than the average company (4.6%)
-18% - Project Manhattan Topco Limited
4.6% - Industry AVG
Employees
with 184 employees, this is above the industry average (105)
184 - Project Manhattan Topco Limited
105 - Industry AVG
Pay Structure
on an average salary of £71k, the company has a higher pay structure (£44.7k)
£71k - Project Manhattan Topco Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £445.3k, this is more efficient (£191.8k)
£445.3k - Project Manhattan Topco Limited
£191.8k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (45 days)
2 days - Project Manhattan Topco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (44 days)
25 days - Project Manhattan Topco Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Project Manhattan Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (14 weeks)
14 weeks - Project Manhattan Topco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 133.7%, this is a higher level of debt than the average (69.5%)
133.7% - Project Manhattan Topco Limited
69.5% - Industry AVG
PROJECT MANHATTAN TOPCO LIMITED financials
Project Manhattan Topco Limited's latest turnover from December 2023 is £81.9 million and the company has net assets of -£67.8 million. According to their latest financial statements, Project Manhattan Topco Limited has 184 employees and maintains cash reserves of £5.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 81,929,000 | 48,484,000 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 52,198,000 | 30,164,000 |
| Gross Profit | 29,731,000 | 18,320,000 |
| Admin Expenses | 44,482,000 | 25,584,000 |
| Operating Profit | -14,751,000 | -7,264,000 |
| Interest Payable | 25,176,000 | 17,985,000 |
| Interest Receivable | 0 | 9,000 |
| Pre-Tax Profit | -39,927,000 | -25,240,000 |
| Tax | -3,720,000 | 127,000 |
| Profit After Tax | -43,647,000 | -25,113,000 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -43,647,000 | -25,113,000 |
| Employee Costs | 13,070,000 | 6,492,000 |
| Number Of Employees | 184 | 116 |
| EBITDA* | 7,458,000 | 7,680,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 539,000 | 610,000 |
| Intangible Assets | 182,696,000 | 204,628,000 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 9,260,000 | 10,917,000 |
| Total Fixed Assets | 192,495,000 | 216,155,000 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 573,000 | 672,000 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 2,790,000 | 2,031,000 |
| Cash | 5,069,000 | 15,843,000 |
| misc current assets | 0 | 0 |
| total current assets | 8,432,000 | 18,546,000 |
| total assets | 200,927,000 | 234,701,000 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 3,581,000 | 3,581,000 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 15,235,000 | 31,678,000 |
| total current liabilities | 18,816,000 | 35,259,000 |
| loans | 207,179,000 | 222,052,000 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 41,382,000 | 0 |
| other liabilities | 0 | 0 |
| provisions | 1,306,000 | 1,575,000 |
| total long term liabilities | 249,867,000 | 223,627,000 |
| total liabilities | 268,683,000 | 258,886,000 |
| net assets | -67,756,000 | -24,185,000 |
| total shareholders funds | -67,756,000 | -24,185,000 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -14,751,000 | -7,264,000 |
| Depreciation | 277,000 | 159,000 |
| Amortisation | 21,932,000 | 14,785,000 |
| Tax | -3,720,000 | 127,000 |
| Stock | 0 | 0 |
| Debtors | -997,000 | 13,620,000 |
| Creditors | 0 | 3,581,000 |
| Accruals and Deferred Income | 24,939,000 | 31,678,000 |
| Deferred Taxes & Provisions | -269,000 | 1,575,000 |
| Cash flow from operations | 29,405,000 | 31,021,000 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 0 |
| cash flow from investments | 0 | 0 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | -14,873,000 | 222,052,000 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -25,176,000 | -17,976,000 |
| cash flow from financing | -39,973,000 | 205,004,000 |
| cash and cash equivalents | ||
| cash | -10,774,000 | 15,843,000 |
| overdraft | 0 | 0 |
| change in cash | -10,774,000 | 15,843,000 |
project manhattan topco limited Credit Report and Business Information
Project Manhattan Topco Limited Competitor Analysis
Perform a competitor analysis for project manhattan topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in W1S area or any other competitors across 12 key performance metrics.
project manhattan topco limited Ownership
PROJECT MANHATTAN TOPCO LIMITED group structure
Project Manhattan Topco Limited has 1 subsidiary company.
Ultimate parent company
PROJECT MANHATTAN TOPCO LIMITED
13998204
1 subsidiary
project manhattan topco limited directors
Project Manhattan Topco Limited currently has 6 directors. The longest serving directors include Mr Mark Joseph (Mar 2022) and Mr Edmund Lazarus (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Joseph | 56 years | Mar 2022 | - | Director | |
| Mr Edmund Lazarus | United Kingdom | 56 years | Mar 2022 | - | Director |
| Mr Kai Feller | England | 33 years | Apr 2022 | - | Director |
| Mr Adrian Evans | England | 46 years | Mar 2024 | - | Director |
| Mr Andrew Oldham | England | 50 years | Mar 2024 | - | Director |
| Mr Gilles Despas | England | 55 years | Sep 2024 | - | Director |
P&L
December 2023turnover
81.9m
+69%
operating profit
-14.8m
+103%
gross margin
36.3%
-3.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-67.8m
+1.8%
total assets
200.9m
-0.14%
cash
5.1m
-0.68%
net assets
Total assets minus all liabilities
Similar Companies
project manhattan topco limited company details
company number
13998204
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 2022
age
3
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
11 hanover square, london, W1S 1JJ
Bank
-
Legal Advisor
-
project manhattan 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 manhattan topco limited.
project manhattan 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.
Click to start generating capital raising & share issue transactions for PROJECT MANHATTAN TOPCO LIMITED. This can take several minutes, an email will notify you when this has completed.
project manhattan topco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
