SORBET TOPCO LIMITED
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-08-31
Confirmation statement due
2026-07-16 (in 2mo)
Last made up 2025-07-02
Watchouts
None on the register
Cash
USD 4,290,876
USD 5,739,905
Latest balance sheet
Net assets
USD 14,890,540
USD 19,919,075
Equity attributable
Employees
79
Average over period
Profit before tax
USD 4,372,924
USD 5,849,660
Period ending 2024-08-31
Net assets
1-year trend · vs Consumer Staples median
Accounts
1-year trend · latest reflected 2024-08-31
| Metric | Trend | 2024-08-31 |
|---|---|---|
| Turnover | USD 37,782,793 | |
| Operating profit | USD 6,397,811 | |
| Profit before tax | USD 4,372,924 | |
| Net profit | USD 2,676,337 | |
| Cash | USD 4,290,876 | |
| Total assets less current liabilities | USD 56,479,972 | |
| Net assets | USD 14,890,540 | |
| Equity | USD 14,890,540 | |
| Average employees | 79 | |
| Wages | USD 4,477,798 | |
| Directors' remuneration | USD 443,373 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
Latest filed period vs the prior one
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-08-31 |
|---|---|---|
| Operating margin | 16.9% | |
| Net margin | 7.1% | |
| Return on capital employed | 11.3% | |
| Current ratio | 1.16x | |
| Interest cover | 2.76x |
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 (formally Dynamic Commodities (Pty) Ltd) 100%
- IWS Holdco Inc. 100%
- Island Way Sorbet LLC 100%
- IWS Brandco Inc. 100%
Significant events
- “subsequent to the reporting date, the Group completed a refinancing of its US facilities.”
- “In addition, the Group completed a major expansion of its South African production facility, significantly increasing manufacturing capacity to meet growing international demand.”
- “During the financial period, the group undertook a significant expansion at its factory in Port Elizabeth, South Africa, enhancing its production capabilities to meet growing demand.”
- “Additionally, the group acquired its US distributor, IWS LLC, marking a strategic move to strengthen its direct market presence in the United States.”
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 19 of 19 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 | |
|---|---|---|---|---|
| 2026-04-02 | 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
- 9
- Capital events
- 1
- 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.