SORBET TOPCO LIMITED
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Cash
£8.6m
USD 11,552,482
Latest balance sheet
Net assets
£15m
USD 19,987,231
Equity attributable
Employees
96
Average over period
Profit before tax
£1m
USD 1,372,023
Period ending 2025-08-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-07-16.
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2024-08-31 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £38,373,732 | £54,551,784 | — | |
| Operating profit | £6,497,876 | £5,009,336 | — | |
| Profit before tax | £4,441,318 | £1,017,519 | — | |
| Net profit | £2,718,196 | -£217,013 | — | |
| Cash | £4,357,987 | £8,567,548 | — | |
| Total assets less current liabilities | £57,363,342 | £63,989,771 | — | |
| Net assets | £15,123,434 | £14,822,924 | — | |
| Equity | £15,123,434 | £14,822,924 | — | |
| Average employees | 79 | 96 | — | |
| Wages | £4,547,833 | £10,206,604 | — | |
| Directors' remuneration | £450,307 | £493,482 | — | |
| Highest paid director | £450,307 | £493,482 | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 12 months versus 14 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-08-31 | 2025-08-31 |
|---|---|---|---|
| Operating margin | 16.9% | 9.2% | |
| Net margin | 7.1% | -0.4% | |
| Return on capital employed | 11.3% | 7.8% | |
| Gearing (liabilities / total assets) | 79.9% | 82.7% | |
| Current ratio | 1.16x | 1.60x | |
| Interest cover | 2.76x | 1.24x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are satisfied that the group and company has adequate resources and contingency plans to remain solvent and operational for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.”
Group structure
- SORBET TOPCO LIMITED · parent
- Sorbet Bidco (Pty) Ltd 100%
- DC Holdings (Pty) Ltd 90%
- DC Foods (Pty) Ltd 100%
- IWS Holdco Inc. 100%
- Island Way Sorbet LLC 100%
- IWS Brandco Inc. 100%
Significant events
- “There were no post-year-end funding arrangements, financing transactions, or capital injections entered into after the reporting date that would materially affect the Group's financial position or liquidity outlook.”
- “However, subsequent to the reporting date, the Group increased its financing facilities in South Africa and is in the process of increasing its US facilities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BESTER, Jan Johannes | Director | 2023-07-03 | Jan 1984 | South African |
| BOWMAN, Mark John | Director | 2024-05-30 | Jun 1966 | South African |
| CUMMINGS, Jonathan Benton | Director | 2024-05-30 | Apr 1963 | American |
| EZAZ-NIKPAY, Khosro | Director | 2023-12-01 | Oct 1965 | German |
| MARITZ, Hermanus Carel | Director | 2024-05-30 | Feb 1963 | South African |
| PETERS, David | Director | 2024-05-30 | May 1962 | American |
| SADIE, Mark James Van Lill | Director | 2024-05-30 | Mar 1969 | British |
| SCHEID, Johann | Director | 2023-07-03 | Jun 1988 | German |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mubashir Mukadam | Individual | Shares 25–50%, Voting 25–50% | 2023-07-03 | Active |
Filing timeline
Last 20 of 20 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-14 RESOLUTIONS Resolution
- 2026-03-14 MA Memorandum articles
- 2026-03-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-05 | AA | accounts | Accounts with accounts type group | |
| 2026-04-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-23 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-03-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-14 | MA | incorporation | Memorandum articles | |
| 2026-03-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-13 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-09-12 | AA | accounts | Accounts with accounts type group | |
| 2025-09-02 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-01-20 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-07-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-06-27 | SH01 | capital | Capital allotment shares | |
| 2023-07-03 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.