How much does Top Fenders Limited make?

Top Fenders Limited reported revenue of £15.8m and £3.8m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Top Fenders Limited have?

Top Fenders Limited reported an average of 0 employees in the year to 31 Dec 2023.

Is Top Fenders Limited profitable?

Yes — Top Fenders Limited reported a profit of £3.8m in the year to 31 Dec 2023.

Company No. 05841087 · Incorporated 8 Jun 2006

Top Fenders Limited

Registered name: TOP FENDERS LIMITED

Part of Square C Limited group

Top Fenders Limited made £15.8m revenue and £3.8m profit in the year to 31 Dec 2023.

Top Fenders Limited’s revenue grew 33% to £15.8m in the year to 31 Dec 2023, with £3.8m profit and 0 employees. The company is classified under “sea and coastal freight water transport” and is based in Wembley; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 50200Sea and coastal freight water transport

Status: Active
Location: Wembley, London
Age: 20 yrs · since 2006
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The Company's immediate parent company is Union Marine Services Limited which is in turn a wholly owned subsidiary of Union Maritime Limited (UML). UML is jointly owned by South Central Property Limit”

Latest accounts · year to 31 Dec 2023

Key figures

Small teamCapital-lightOperating leverage

Revenue

£15.8m

Growth ▲32.6%

Profit

£3.8m

Growth ▲709.5%

Profit margin

24.1%

Gross 39.4%

Employees

Change —

Profit / employee

—

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£11.9m	£15.8m
Cost of sales	£9.9m	£9.6m
Gross profit	£2m	£6.2m
Operating profit	£550k	£4.2m
Profit before tax	£551k	£4.2m
Profit after tax	£470k	£3.8m
Profit (best available)	£470k	£3.8m
Employees (average)	0	0
Ratios
Profit margin	4%	24.1%
Gross margin	16.6%	39.4%
Growth (year on year)
Revenue growth	—	▲32.6%
Profit growth	—	▲709.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£319k	£253k
Net assets	£6.3m	£10.1m
Fixed assets	£326k	£599k
Current assets	£9.1m	£11.2m
Debtors	£1.7m	£1.7m
Deferred income	£706k	£376k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 24.1%; Profit ÷ revenue.
Gross margin: 39.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.9%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲60%; Now £10.1m
Cash at bank: ▼21%; Now £253k
Headcount: —; Now 0
Deferred income: ▼47%; Now £376k
Fixed assets: ▲84%; Now £599k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Square C Limitedultimate parent75–100%
Union Marine Services Limited75–100%
Top Fenders Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (6)

Union Commercial Services LimitedRev. £23.9m · Profit £2.2m
Uml Victoria LimitedRev. £2.5m · Profit £1m
Uml Bakerloo LimitedRev. £2.3m · Profit £959k
Top Marine Services Global LimitedFigures not disclosed
Union Africa Capital LimitedFigures not disclosed
Union Maritime Services LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £3.8m), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.