A business that is part of Top Hat, the modular homes start-up backed by Goldman Sachs to the tune of £75m last year, recorded operating losses of more than £21m in the near-six months to 5 April 2019. 

According to accounts filed last week with Companies House, Derby-based developer Top Hat Communities posted negative turnover of £1.1m between 1 November 2018 and 5 April 2019, and operating losses of £21.2m. It also recorded a loss before tax of £21.1m.

…