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Toople PLC
Woodside 2, Dunmow Road Birchanger
BISHOPS STORTFORD, CM23 5RG  United Kingdom Ticker: TOOPTOOP
On 10/19/2022, Toople PLC announced that it had requested that the listing in its ordinary shares be suspended with immediate effect owing to the fact that despite the Company finding a viable acquisition opportunity it had been unable to raise the required financing to complete it and to raise further working capital to support the enlarged group.
On 11/11/2022, the trade and assets of the group's two trading subsidiaries, Toople.com Ltd. and Direct Market Services Limited were sold via a pre-pack administration to an existing operator, thus securing continuity of service to the Group's broadband customers, resellers and direct customers.
Following the sale of the main trading subsidiaries the Board of Toople PLC put the Group into Creditors Voluntary Liquidation with immediate effect. FRP Advisory Trading Limited was appointed to conduct the Liquidation process. The Board expects the listing of the Company's ordinary shares will be cancelled and the Company will be wound up.
Business Summary
Toople PLC is a provider of bespoke telecom services to the United Kingdom's small and medium-sized enterprises (SMEs). The Company operates through the telephony services segment. The services offered by the Company and its subsidiaries include business broadband, fiber, ethernet first mile and ethernet data services, business mobile phones, cloud private branch exchange (PBX) and session initiation protocol (SIP) trunking, and traditional services (calls and lines). Through Direct Market Services Limited (DMSL) business, the Company also resells BT's services and propositions and where relevant, across the SME market. DMSL's services encompasses everything from telephone connections to voice over Internet protocol (VoIP) rollout for clients across multiple sites, which rely on an array of communications carriers in the United Kingdom, including BT, EE, TalkTalk, and O2. It has four trading brands, such as toople.com, dmsluk.co.uk, broadbandandphones.co.uk, and checkthatcompany.co.uk.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/20229/30/2021Yes----

Industries
SIC Code Description
4813 Telephone communications, except radiotelephone
4812 Radiotelephone communications
4899 Communications services, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Independent Chairman of the Board Richard J.Horsman 62
Chief Executive Officer, Director GregBryce 5/31/2022 4/26/2022
Non-Executive Independent Director Kevin B.Lawrence 57 10/1/2020 6/28/2018

Subsidiaries
Business Name Address City State/Province Country
Direct Market Services Ltd. Unit 2 Woodside, Dunmow Road Bishops Stortford United Kingdom
Toople.com Ltd. Woodside 2 Dunmow Road Birchanger Bishop's Stortford United Kingdom

General Information
Number of Employees: 20 (As of 9/30/2021)
Outstanding Shares: 9,301,934,994 (As of 3/31/2022)
Stock Exchange: LON


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Friday, April 19, 2024