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IRIDIUM TOPCO LIMITED
ALLAN HOUSE, 10 JOHN PRINCES STREET, LONDON, W1G 0JWPrevious name: HAMSARD 3410 LIMITED (changed on 09-Sep-2016)
Company Number: 10241406
Incorporation date: 20-Jun-2016
Status: Active
Entity type: Private Limited Company
SIC codes:
59133 Television programme distribution activities
SUMMARY
This company is 7.8 years old and is currently active. It is controlled by Inflexion Buyout Fund Iv General Partner Guernsey Limited. The company has negative equity (net assets) of GBP -53.5 million which has worsened since the previous year's figure of GBP -676 thousand. The latest reported revenue figure is GBP 33 million which is up 10% on previous year's figure of GBP 29.9 million. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -55.6 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 8 active officers (directors or partners) who are or were officers of 195 other companies, 71 (36.4%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2024Accounts Filed: GROUP (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 32,987,000 | -6,157,000 | 18,000 | -18,305,000 | ||
31-Dec-2018 | GBP | 29,864,000 | -7,217,000 | 1,000 | -15,606,000 | ||
31-Dec-2017 | GBP | 23,930,000 | -6,993,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 4,569,000 | 15,099,000 | 12,603,000 | 125,500,000 | 25,000 | 691,000 | -55,609,000 | -53,519,000 |
31-Dec-2018 | GBP | 15,000 | 12,523,000 | 25,000 | 691,000 | -1,392,000 | -676,000 | ||
31-Dec-2017 | GBP | 1,288,000 | 2,235,000 | 20,000 | 480,000 | -134,000 | 366,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2018 | GBP | 20.00% | 216,000 | 864,000 | 1,080,000 | 8,351,000 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | Richard VERITY | 14 Dec 2016 | 29 Mar 2024 | 1 - 0 | ||
Resigned | SQUIRE PATTON BOGGS SECRETARIES LIMITED | 20 Jun 2016 | 07 Sep 2016 | 15 - 351 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Richard Morpeth JAMESON | 27 Apr 2022 | Director | British | 17 - 88 | 39 (37.1%) | |
Active | Kim Laura CLARKE | 07 Dec 2020 | Director | British,American | 6 - 2 | 0 (0.0%) | |
Active | Reuben STEINGRAF-REGENSBURGER | 01 May 2020 | Director | German | 6 - 0 | 0 (0.0%) | |
Active | Richard Lawrence SEGAL | 27 Nov 2018 | Director | British | 4 - 79 | 36 (43.4%) | |
Active | Ravi Nikhil SHAH | 27 Nov 2018 | Director | British | 2 - 7 | 4 (44.4%) | |
Resigned | Richard Alexander Buchan SMITH | 01 Apr 2018 | 31 Aug 2020 | Director | British | 1 - 24 | 7 (28.0%) |
Active | Michael BUNGEY | 20 Dec 2017 | Director | British | 1 - 2 | 0 (0.0%) | |
Resigned | Gary John LUMSDON | 23 Oct 2017 | 10 Nov 2017 | Company Director | British | 0 - 39 | 14 (35.9%) |
Active | Douglas Kerr Miller CONELY | 23 Oct 2017 | Director | British | 1 - 0 | 0 (0.0%) | |
Resigned | Iain Fraser FERGUSON | 10 Apr 2017 | 02 Aug 2018 | Director | British | 1 - 31 | 2 (6.3%) |
Resigned | Iain Fraser FERGUSON | 10 Apr 2017 | 02 Aug 2018 | Director | British | 2 - 26 | 1 (3.6%) |
Resigned | Philip Neil MCDANELL | 22 Sep 2016 | 26 Jul 2018 | Director | British | 1 - 33 | 7 (20.6%) |
Active | Thomas Lemay GREEN | 20 Sep 2016 | Accountant | British | 9 - 23 | 5 (15.6%) | |
Resigned | Simon COX | 20 Sep 2016 | 01 May 2020 | Director | British | 1 - 28 | 7 (24.1%) |
Resigned | Gareth Patrick HEALY | 07 Sep 2016 | 02 Aug 2018 | Private Equity Investor | Irish | 8 - 34 | 9 (21.4%) |
Resigned | SQUIRE PATTON BOGGS DIRECTORS LIMITED | 20 Jun 2016 | 07 Sep 2016 | 21 - 358 | 71 (18.7%) | ||
Resigned | Peter Mortimer CROSSLEY | 20 Jun 2016 | 07 Sep 2016 | Solicitor | British | 2 - 562 | 267 (47.3%) |
Average tenure of active directors: 5.0 years
Average tenure of resigned directors: 1.4 years
Average active director Dissolution Rate: 17.6%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date |
---|---|---|
2017-06-19 | ||
SIMON COX | PREFERENCE | 97,034,095 47.9% |
CARMINE MASIELLO | PREFERENCE | 54,019,365 26.7% |
ESTERA TRUST (JERSEY) LIMITED | PREFERENCE | 46,601,557 23.0% |
INFLEXION BUYOUT FUND IV (NO.1) LIMITED PARTNERSHIP | A ORDINARY | 2,887,765 1.42% |
INFLEXION BUYOUT FUND IV (NO.2) LIMITED | A ORDINARY | 683,955 0.337% |
ESTERA TRUST (JERSEY) LIMITED | C2 ORDINARY | 291,375 0.144% |
CARMINE MASIELLO | C2 ORDINARY | 243,250 0.120% |
SIMON COX | C2 ORDINARY | 243,250 0.120% |
PHILIP MCDANELL | C2 ORDINARY | 193,625 0.096% |
SIMON COX | B ORDINARY | 102,130 0.050% |
IAIN FERGUSON | B ORDINARY | 65,000 0.032% |
CARMINE MASIELLO | B ORDINARY | 56,860 0.028% |
ESTERA TRUST (JERSEY) LIMITED | B ORDINARY | 49,060 0.024% |
ESTERA TRUST (JERSEY) LIMITED | C1 ORDINARY | 40,500 0.020% |
SIMON COX | C1 ORDINARY | 38,000 0.019% |
CARMINE MASIELLO | C1 ORDINARY | 38,000 0.019% |
PHILIP MCDANELL | C1 ORDINARY | 37,000 0.018% |
PHILIP MCDANELL | B ORDINARY | 30,230 0.015% |
SHAREHOLDINGS (BETA)
Company name | Share class | Shares at confimation date | |
---|---|---|---|
2019-06-19 | 2017-06-19 | ||
IRIDIUM TOPCO LIMITED | PREFERENCE | 948,047 99.0% | 948,047 99.0% |
IRIDIUM TOPCO LIMITED | ORDINARY | 10,002 1.04% | 10,001 1.04% |
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
IRIDIUM TOPCO LIMITED
Controlled companies below
- >75%:IRIDIUM MIDCO LIMITED (10241385 - UK) active
- >75%:IRIDIUM BIDCO LIMITED (10241368 - UK) active
- >75%:LAUSANNE TOPCO LIMITED (07479143 - UK) active
- >75%:LAUSANNE MIDCO LIMITED (07476070 - UK) active
- >75%:LAUSANNE FINANCING LIMITED (07476022 - UK) active
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
59133 Television programme distribution activities)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
ENDEMOL SHINE INTERNATIONAL LIMITED | C/O ENDEMOL UK LEGAL DEPARTMENT, SHEPHERDS BUILDING CENTRAL, CHARECROFT WAY, LONDON, W14 0EE | 01577754 | 2017-12-31 | 159,244,501 | -10,669,900 | |
NBCUNIVERSAL INTERNATIONAL NETWORKS LIMITED | 1 CENTRAL ST GILES, ST GILES HIGH STREET, LONDON, WC2H 8NU | 05325358 | 2017-12-31 | 117,338,000 | 27,907,000 |
70100-Activities of head offices |
PARTHENON ENTERTAINMENT LIMITED | GRANT WAY, ISLEWORTH, MIDDLESEX, TW7 5QD | 04377175 | 2018-06-30 | 58,740,000 | 12,795,000 | |
NBC UNIVERSAL GLOBAL NETWORKS UK LIMITED | SKY CENTRAL, GRANT WAY, ISLEWORTH, MIDDLESEX, UNITED KINGDOM, TW7 5QD | 03522943 | 2017-12-31 | 36,879,000 | 686,000 | |
E ENTERTAINMENT UK LIMITED | 1 CENTRAL ST GILES, ST GILES HIGH STREET, LONDON, WC2H 8NU | 04625146 | 2017-12-31 | 13,482,000 | 405,000 | |
1ST RATE AERIALS AND SATELLITES LTD | MAD ABOUT TAX LIMITED, SEAFORD RAILWAY STATION, SEAFORD, ENGLAND, BN25 2AR | 08169526 | 2019-01-31 | 92,839 | 0 | |
M&S IP LTD | 10 CEDAR CLOSE, BOREHAMWOOD, HERTFORDSHIRE, ENGLAND, WD6 2ED | 10089972 | 2018-03-31 | 49,486 | 0 |
61300-Satellite telecommunications activities |
CUBATE LIMITED | 137 PORTSMOUTH ROAD, COBHAM, SURREY, KT11 1JN | 05427465 | 2018-03-31 | 9,000 | 0 |
70100-Activities of head offices 73120-Media representation services |
HTV MEDIA LIMITED | 12 NEW FETTER LANE, LONDON, UNITED KINGDOM, EC4A 1JP | 10682983 | 2018-09-20 | 0 | 0 | |
TOWER 10 ENTERTAINMENT LTD | PROSPECT SUITE 3, 21, BLOOMSBURY SQUARE, LONDON, ENGLAND, WC1A 2NS | 09308776 | 2018-12-31 | 0 | 0 | |
ENDEMOL WORLDWIDE DISTRIBUTION HOLDING LIMITED | C/O ENDEMOL UK LEGAL DEPARTMENT, SHEPHERDS BUILDING CENTRAL, CHARECROFT WAY, LONDON, W14 0EE | 02461138 | 0000-00-00 | 0 | 0 | |
PRIMETIME LIMITED | SHEPHERDS BUILDING CENTRAL, CHARECROFT WAY, LONDON, UNITED KINGDOM, W14 0EE | 00901456 | 0000-00-00 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
---|---|---|---|---|
IRIDIUM TOPCO LIMITED | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.6% | 2.5% | 4.9% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.6% | 1.5% | 2.5% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |