TopHat cuts losses and aims for profit in three years
TopHat cuts losses and aims for profit in three years
Abstract
Goldman Sachs based business saw pre-tax losses for the year to October 31 2021 fall to £19.4m from £21.3m last time. TopHat operates from a 125,000 sq ft factory near Derby producing 800 homes a year with a new site set to open next year in Northamptonshire with an annual capacity of 4,000 homes. The company said: “The group is not yet profitable or cash generative.
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The Goldman Sachs based business saw pre-tax losses for the year to October 31 2021 fall to £19.4m from £21.3m last time as turnover nearly doubled to £12.3m from £6.3m. TopHat has been trading since 2016 with shareholders led by Goldman Sachs investing £130m in the business since then. The company said: “TopHat is a young, ambitious company that is still in the growth phase. “The group continues to invest ahead of revenue, both in growing capacity and developing its product offering....
The Goldman Sachs based business saw pre-tax losses for the year to October 31 2021 fall to £19.4m from £21.3m last time as turnover nearly doubled to £12.3m from £6.3m. TopHat has been trading since 2016 with shareholders led by Goldman Sachs investing £130m in the business since then. The company said: “TopHat is a young, ambitious company that is still in the growth phase. “The group continues to invest ahead of revenue, both in growing capacity and developing its product offering....
£124m revenue Harrow-based M&E group records £420,000 profit
£124m revenue Harrow-based M&E group records £420,000 profit
Three Tips to Minimize Losses and Risk During Evictions.
Mick Lefort
Thu, 07/06/2017 - 03:27
The Best Property Management Strategies When Dealing With Evictions.
Read more about Three Tips to Minimize Losses and Risk During Evictions. 1 commentAdd new comment
Three Tips to Minimize Losses and Risk During Evictions.
Mick Lefort
Thu, 07/06/2017 - 03:27
The Best Property Management Strategies When Dealing With Evictions.
Read more about Three Tips to Minimize Losses and Risk During Evictions. 1 commentAdd new comment
Revenue to top £100m this year, driven in part by high inflation
Revenue to top £100m this year, driven in part by high inflation
Home listings increased for the first time since June 2019, according to Realtor.com data, suggesting the U.S. housing supply hit a turning point last month.The number of active listings rose 8% year-over-year in May, probably driven by new sellers and a slowdown in would-be buyers deterred by high prices, Realtor.com said in a report Thursday. The largest increases in new listings were in the West and the South, in cities including Austin, Texas, and Phoenix, Arizona.Still, the uptick in inven...
Home listings increased for the first time since June 2019, according to Realtor.com data, suggesting the U.S. housing supply hit a turning point last month.The number of active listings rose 8% year-over-year in May, probably driven by new sellers and a slowdown in would-be buyers deterred by high prices, Realtor.com said in a report Thursday. The largest increases in new listings were in the West and the South, in cities including Austin, Texas, and Phoenix, Arizona.Still, the uptick in inven...
Tracey Lewis takes over the top role after an almost three-year period of interim leaders. He comes from Commerce Trust Co. and has been a Kansas City resident for 17 years.
Tracey Lewis takes over the top role after an almost three-year period of interim leaders. He comes from Commerce Trust Co. and has been a Kansas City resident for 17 years.
The house builder is now conducting a strategic review of the business led by financial advisors Lazard & Co following a gloomy trading update this morning. It said project margins at the contract income division which delivers partnership housing and the house building division have “not been satisfactory for some time.” A review of all ongoing construction projects has revealed the need for an extra £15.4m of provisions on top of £4m already identified of extra costs to completion. Inl...
The house builder is now conducting a strategic review of the business led by financial advisors Lazard & Co following a gloomy trading update this morning. It said project margins at the contract income division which delivers partnership housing and the house building division have “not been satisfactory for some time.” A review of all ongoing construction projects has revealed the need for an extra £15.4m of provisions on top of £4m already identified of extra costs to completion. Inl...
As a result revenue fell by around a fifth to £148m, but the firm remained profitable benefitting from earlier restructuring to deliver a £2.5m profit back from a £22m loss in the Covid-impacted 2020 accounts. The improved performance helped to chip away at the firm’s accumulated losses, now recorded at £158m. Following the stabilisation of the UK operations, the French parent group Spie SA has announced a strategic review of its UK business and will report on the outcome before the end ...
As a result revenue fell by around a fifth to £148m, but the firm remained profitable benefitting from earlier restructuring to deliver a £2.5m profit back from a £22m loss in the Covid-impacted 2020 accounts. The improved performance helped to chip away at the firm’s accumulated losses, now recorded at £158m. Following the stabilisation of the UK operations, the French parent group Spie SA has announced a strategic review of its UK business and will report on the outcome before the end ...
Finance of America's losses deepened in the second quarter as spread widening intensified, impacting even loan segments that were previously insulated from it, and outpacing gains in areas like servicing advisory services.The company reported a loss of $168 million. It took net losses of $64 million in the first quarter and $15 million a year ago. The company's $0.70 per diluted share in the second quarter was in line with Wall Street Journal estimates. The adjusted net loss for the mortgage...
Finance of America's losses deepened in the second quarter as spread widening intensified, impacting even loan segments that were previously insulated from it, and outpacing gains in areas like servicing advisory services.The company reported a loss of $168 million. It took net losses of $64 million in the first quarter and $15 million a year ago. The company's $0.70 per diluted share in the second quarter was in line with Wall Street Journal estimates. The adjusted net loss for the mortgage...
Finally, Megaprojects Galore
ConstructConnect announced today that April 2022's volume of construction starts, excluding residential work, was $52.6 billion, an increase of +50.7% (i.e., by half) versus March’s figure of $34.9 billion (previously reported as $34.4 billion).
Finally, Megaprojects Galore
ConstructConnect announced today that April 2022's volume of construction starts, excluding residential work, was $52.6 billion, an increase of +50.7% (i.e., by half) versus March’s figure of $34.9 billion (previously reported as $34.4 billion).