ssp group plc

5

ssp group plc Company Information

Share SSP GROUP PLC
Live 
EstablishedMegaHigh

Company Number

05735966

Registered Address

jamestown wharf, 32 jamestown road, london, NW1 7HW

Industry

Activities of head offices

 

Telephone

02075433300

Next Accounts Due

March 2025

Group Structure

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Directors

Jonathan Davies10 Years

Carolyn Bradley6 Years

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Shareholders

undisclosed 96.3%

eqt iv ltd 3.5%

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ssp group plc Estimated Valuation

£4.6b

Pomanda estimates the enterprise value of SSP GROUP PLC at £4.6b based on a Turnover of £3b and 1.52x industry multiple (adjusted for size and gross margin).

ssp group plc Estimated Valuation

£6.3b

Pomanda estimates the enterprise value of SSP GROUP PLC at £6.3b based on an EBITDA of £613m and a 10.2x industry multiple (adjusted for size and gross margin).

ssp group plc Estimated Valuation

£606.7m

Pomanda estimates the enterprise value of SSP GROUP PLC at £606.7m based on Net Assets of £226.2m and 2.68x industry multiple (adjusted for liquidity).

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Ssp Group Plc Overview

Ssp Group Plc is a live company located in london, NW1 7HW with a Companies House number of 05735966. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 2006, it's largest shareholder is undisclosed with a 96.3% stake. Ssp Group Plc is a established, mega sized company, Pomanda has estimated its turnover at £3b with high growth in recent years.

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Ssp Group Plc Health Check

Pomanda's financial health check has awarded Ssp Group Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £3b, make it larger than the average company (£20.9m)

£3b - Ssp Group Plc

£20.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (5.7%)

28% - Ssp Group Plc

5.7% - Industry AVG

production

Production

with a gross margin of 32.8%, this company has a comparable cost of product (32.8%)

32.8% - Ssp Group Plc

32.8% - Industry AVG

profitability

Profitability

an operating margin of 9.6% make it more profitable than the average company (5.6%)

9.6% - Ssp Group Plc

5.6% - Industry AVG

employees

Employees

with 36943 employees, this is above the industry average (120)

36943 - Ssp Group Plc

120 - Industry AVG

paystructure

Pay Structure

on an average salary of £24.9k, the company has a lower pay structure (£46.1k)

£24.9k - Ssp Group Plc

£46.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £81.5k, this is less efficient (£192k)

£81.5k - Ssp Group Plc

£192k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 5 days, this is earlier than average (46 days)

5 days - Ssp Group Plc

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 21 days, this is quicker than average (44 days)

21 days - Ssp Group Plc

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 7 days, this is less than average (50 days)

7 days - Ssp Group Plc

50 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (15 weeks)

14 weeks - Ssp Group Plc

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 88.9%, this is a higher level of debt than the average (56.2%)

88.9% - Ssp Group Plc

56.2% - Industry AVG

SSP GROUP PLC financials

EXPORTms excel logo

Ssp Group Plc's latest turnover from September 2023 is £3 billion and the company has net assets of £226.2 million. According to their latest financial statements, Ssp Group Plc has 36,943 employees and maintains cash reserves of £303.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover3,009,700,0002,185,400,000834,200,0001,433,100,0002,794,600,0002,564,900,0002,379,100,0001,990,300,0001,832,900,0001,827,100,0001,827,200,0001,737,500,0001,721,000,0001,628,100,0001,538,700,000
Other Income Or Grants000000000000000
Cost Of Sales2,021,689,2321,467,573,559571,118,127971,742,3681,902,741,5441,752,435,3761,624,266,7021,349,607,6761,260,777,3061,279,669,2731,282,720,8521,213,829,8081,201,653,9951,421,200,0001,363,000,000
Gross Profit988,010,768717,826,441263,081,873461,357,632891,858,456812,464,624754,833,298640,692,324572,122,694547,430,727544,479,148523,670,192519,346,005206,900,000175,700,000
Admin Expenses698,297,768626,326,441572,281,873825,257,632672,658,456619,164,624593,833,298521,192,324479,922,694507,430,727477,279,148471,570,192467,746,005225,300,000683,700,000
Operating Profit289,713,00091,500,000-309,200,000-363,900,000219,200,000193,300,000161,000,000119,500,00092,200,00040,000,00067,200,00052,100,00051,600,000-18,400,000-508,000,000
Interest Payable96,200,00077,800,000106,900,00062,000,00028,400,00018,000,00020,300,00012,400,00017,700,00055,100,00044,500,00051,000,00061,500,00077,400,000178,300,000
Interest Receivable17,000,0004,900,0002,600,0002,500,0002,300,0001,900,000900,000400,000700,000800,0001,600,0004,300,0001,100,000206,800,0001,300,000
Pre-Tax Profit88,100,00025,200,000-411,200,000-425,800,000197,200,000182,900,000144,800,000105,600,00076,800,000-13,500,00016,200,00014,400,000-6,700,000112,900,000-682,100,000
Tax-32,000,000-15,300,00048,900,00028,100,000-43,700,000-40,200,000-33,600,000-23,800,000-16,500,000-14,300,000-13,900,000-13,000,000-13,200,000-10,600,000-7,700,000
Profit After Tax56,100,0009,900,000-362,300,000-397,700,000153,500,000142,700,000111,200,00081,800,00060,300,000-27,800,0002,300,0001,400,000-19,900,000102,300,000-689,800,000
Dividends Paid004,600,00026,600,000200,800,000145,800,00041,900,00022,300,00010,000,00002,500,0001,900,0002,300,00000
Retained Profit8,100,000-10,200,000-361,900,000-401,600,000-20,700,000-28,600,00050,900,00049,700,00043,400,000-31,900,000-3,700,000-2,500,000-2,300,000101,400,000-690,700,000
Employee Costs918,400,000686,700,000352,200,000518,600,000809,300,000736,300,000687,200,000581,600,000541,700,000541,800,000559,000,000538,400,000551,200,000526,000,000486,900,000
Number Of Employees36,94329,04821,09131,77339,54937,29636,78329,94230,21229,45729,52929,79629,55129,49630,049
EBITDA*613,013,000391,400,00077,400,000134,400,000326,400,000292,900,000258,400,000200,200,000170,300,000121,000,000148,200,000129,700,000130,000,000109,600,000-354,600,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets1,797,800,0001,400,600,0001,659,700,0001,894,000,000566,300,000460,000,000383,400,000336,700,000256,100,000236,900,000242,500,000221,000,000231,100,000227,800,000270,500,000
Intangible Assets681,100,000701,700,000684,100,000731,200,000747,100,000731,200,000714,200,000701,300,000632,100,000659,000,000694,800,000705,500,000736,600,000728,800,000782,700,000
Investments & Other16,200,00017,000,00012,000,00012,200,00017,300,00010,600,0006,800,0009,300,0005,400,0004,600,0005,300,0005,200,0004,500,0005,600,0006,200,000
Debtors (Due After 1 year)172,200,00089,000,000162,900,000123,600,00082,500,00049,200,0000026,600,000000012,600,00013,300,000
Total Fixed Assets2,387,900,0002,013,300,0002,250,600,0002,575,400,0001,313,400,0001,191,200,0001,097,600,0001,038,000,000888,200,000895,900,000937,300,000926,500,000967,700,000974,800,0001,072,700,000
Stock & work in progress42,400,00037,000,00023,700,00023,500,00038,700,00035,100,00032,600,00029,200,00026,000,00024,400,00024,800,00024,700,00024,600,00023,200,00022,900,000
Trade Debtors45,000,00032,200,00027,200,00018,800,00066,100,00065,700,00059,800,000118,100,00034,500,00033,500,00032,000,00031,900,00033,700,00033,800,00032,300,000
Group Debtors000000000000000
Misc Debtors113,600,000195,300,00091,200,000106,500,000139,300,000112,300,00075,600,000055,000,00083,500,00054,700,00057,800,00050,900,00053,000,00063,500,000
Cash303,300,000543,600,000773,600,000185,000,000233,300,000147,800,000178,100,000155,800,000134,700,000133,300,000182,100,000162,200,000172,300,000165,400,00074,400,000
misc current assets000002,000,000100,0004,300,000700,000500,000200,000500,0001,500,00000
total current assets510,300,000809,600,000931,000,000343,900,000478,200,000362,900,000346,200,000307,400,000250,900,000275,200,000293,800,000277,100,000283,000,000275,400,000193,100,000
total assets2,898,200,0002,822,900,0003,181,600,0002,919,300,0001,791,600,0001,554,100,0001,443,800,0001,345,400,0001,139,100,0001,171,100,0001,231,100,0001,203,600,0001,250,700,0001,250,200,0001,265,800,000
Bank overdraft000000000000000
Bank loan12,600,00046,200,00000128,200,00031,200,00031,100,000027,200,00028,600,00000001,203,100,000
Trade Creditors 116,500,00093,000,00084,800,00092,100,000146,900,000113,300,00099,800,000404,100,00089,400,00081,200,00094,800,00083,100,00075,100,00075,400,00071,400,000
Group/Directors Accounts0000020,500,000000000000
other short term finances022,600,000304,200,000158,200,00000030,700,000001,400,0003,300,0000500,000225,900,000
hp & lease commitments252,300,000216,500,000299,900,000289,100,000600,000300,000300,0000500,0001,200,00001,400,0001,700,0001,600,000400,000
other current liabilities673,200,000669,400,000476,900,000340,100,000440,500,000415,300,000345,900,00026,100,000254,500,000296,700,000239,200,000230,200,000209,300,000191,600,000248,300,000
total current liabilities1,054,600,0001,047,700,0001,165,800,000879,500,000716,200,000580,600,000477,100,000460,900,000371,600,000407,700,000335,400,000318,000,000286,100,000269,100,0001,749,100,000
loans2,918,400,0002,456,300,0003,301,900,0003,561,700,0001,180,400,000915,400,000868,300,000899,200,000863,400,000950,100,0002,107,600,0002,077,800,0002,266,300,0001,120,300,000382,500,000
hp & lease commitments776,400,000638,100,000872,900,0001,060,200,000600,0001,400,000001,200,0001,300,00002,600,0003,400,0003,000,0003,800,000
Accruals and Deferred Income000000000000000
other liabilities1,300,0001,400,0007,200,0004,000,0004,100,0002,500,000019,200,00013,700,00017,900,00015,400,0001,000,0001,300,0002,900,0001,300,000
provisions122,000,000107,200,00091,800,000100,800,000126,400,000106,800,000105,200,00051,800,00051,000,00039,200,00037,800,00065,600,00060,000,00013,400,00028,900,000
total long term liabilities1,521,500,0001,464,200,0001,705,100,0001,837,800,000659,800,000515,200,000501,700,000501,800,000475,800,000513,000,0001,090,800,0001,079,000,0001,174,200,0001,154,300,000416,500,000
total liabilities2,576,100,0002,511,900,0002,870,900,0002,717,300,0001,376,000,0001,095,800,000978,800,000962,700,000847,400,000920,700,0001,426,200,0001,397,000,0001,460,300,0001,423,400,0002,165,600,000
net assets226,200,000225,000,000240,300,000130,100,000328,000,000376,500,000400,300,000350,600,000270,200,000231,300,000-214,900,000-203,600,000-218,100,000-179,800,000-907,000,000
total shareholders funds226,200,000225,000,000240,300,000130,100,000328,000,000376,500,000400,300,000350,600,000270,200,000231,300,000-214,900,000-203,600,000-218,100,000-179,800,000-907,000,000
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit289,713,00091,500,000-309,200,000-363,900,000219,200,000193,300,000161,000,000119,500,00092,200,00040,000,00067,200,00052,100,00051,600,000-18,400,000-508,000,000
Depreciation301,100,000286,100,000348,500,000454,700,00098,300,00090,300,00089,300,00074,200,00068,000,00072,500,00072,500,00068,200,00069,400,00080,000,00079,400,000
Amortisation22,200,00013,800,00038,100,00043,600,0008,900,0009,300,0008,100,0006,500,00010,100,0008,500,0008,500,0009,400,0009,000,00048,000,00074,000,000
Tax-32,000,000-15,300,00048,900,00028,100,000-43,700,000-40,200,000-33,600,000-23,800,000-16,500,000-14,300,000-13,900,000-13,000,000-13,200,000-10,600,000-7,700,000
Stock5,400,00013,300,000200,000-15,200,0003,600,0002,500,0003,400,0003,200,0001,600,000-400,000100,000100,0001,400,000300,00022,900,000
Debtors14,300,00035,200,00032,400,000-39,000,00060,700,00091,800,00017,300,0002,000,000-900,00030,300,000-3,000,0005,100,000-14,800,000-9,700,000109,100,000
Creditors23,500,0008,200,000-7,300,000-54,800,00033,600,00013,500,000-304,300,000314,700,0008,200,000-13,600,00011,700,0008,000,000-300,0004,000,00071,400,000
Accruals and Deferred Income3,800,000192,500,000136,800,000-100,400,00025,200,00069,400,000319,800,000-228,400,000-42,200,00057,500,0009,000,00020,900,00017,700,000-56,700,000248,300,000
Deferred Taxes & Provisions14,800,00015,400,000-9,000,000-25,600,00019,600,0001,600,00053,400,000800,00011,800,0001,400,000-27,800,0005,600,00046,600,000-15,500,00028,900,000
Cash flow from operations603,413,000543,700,000214,200,00035,900,000296,800,000242,900,000273,000,000258,300,000130,900,000122,100,000130,100,000146,000,000194,200,00040,200,000-145,700,000
Investing Activities
capital expenditure-699,900,000-58,400,000-105,200,000-1,810,100,000-229,400,000-193,200,000-157,000,000-230,500,000-70,400,000-39,600,000-91,800,000-36,400,000-89,500,000-45,000,000-78,500,000
Change in Investments-800,0005,000,000-200,000-5,100,0006,700,0003,800,000-2,500,0003,900,000800,000-700,000100,000700,000-1,100,000-600,0006,200,000
cash flow from investments-699,100,000-63,400,000-105,000,000-1,805,000,000-236,100,000-197,000,000-154,500,000-234,400,000-71,200,000-38,900,000-91,900,000-37,100,000-88,400,000-44,400,000-84,700,000
Financing Activities
Bank loans-33,600,00046,200,0000-128,200,00097,000,000100,00031,100,000-27,200,000-1,400,00028,600,000000-1,203,100,0001,203,100,000
Group/Directors Accounts0000-20,500,00020,500,000000000000
Other Short Term Loans -22,600,000-281,600,000146,000,000158,200,00000-30,700,00030,700,0000-1,400,000-1,900,0003,300,000-500,000-225,400,000225,900,000
Long term loans462,100,000-845,600,000-259,800,0002,381,300,000265,000,00047,100,000-30,900,00035,800,000-86,700,000-1,157,500,00029,800,000-188,500,0001,146,000,000737,800,000382,500,000
Hire Purchase and Lease Commitments174,100,000-318,200,000-176,500,0001,348,100,000-500,0001,400,000300,000-1,700,000-800,0002,500,000-4,000,000-1,100,000500,000400,0004,200,000
other long term liabilities-100,000-5,800,0003,200,000-100,0001,600,0002,500,000-19,200,0005,500,000-4,200,0002,500,00014,400,000-300,000-1,600,0001,600,0001,300,000
share issue-6,900,000-5,100,000472,100,000203,700,000-27,800,0004,800,000-1,200,00030,700,000-4,500,000478,100,000-7,600,00017,000,000-36,000,000625,800,000-216,300,000
interest-79,200,000-72,900,000-104,300,000-59,500,000-26,100,000-16,100,000-19,400,000-12,000,000-17,000,000-54,300,000-42,900,000-46,700,000-60,400,000129,400,000-177,000,000
cash flow from financing493,800,000-1,483,000,00080,700,0003,903,500,000288,700,00060,300,000-70,000,00061,800,000-114,600,000-701,500,000-12,200,000-216,300,0001,048,000,00066,500,0001,423,700,000
cash and cash equivalents
cash-240,300,000-230,000,000588,600,000-48,300,00085,500,000-30,300,00022,300,00021,100,0001,400,000-48,800,00019,900,000-10,100,0006,900,00091,000,00074,400,000
overdraft000000000000000
change in cash-240,300,000-230,000,000588,600,000-48,300,00085,500,000-30,300,00022,300,00021,100,0001,400,000-48,800,00019,900,000-10,100,0006,900,00091,000,00074,400,000

ssp group plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ssp Group Plc Competitor Analysis

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Perform a competitor analysis for ssp group plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in NW1 area or any other competitors across 12 key performance metrics.

ssp group plc Ownership

SSP GROUP PLC group structure

Ssp Group Plc has 1 subsidiary company.

Ultimate parent company

SSP GROUP PLC

05735966

1 subsidiary

SSP GROUP PLC Shareholders

undisclosed 96.34%
eqt iv ltd 3.51%
mezzvest luxembourg ii sarl 0.09%
almack sa 0.06%

ssp group plc directors

Ssp Group Plc currently has 8 directors. The longest serving directors include Mr Jonathan Davies (Jun 2014) and Ms Carolyn Bradley (Oct 2018).

officercountryagestartendrole
Mr Jonathan DaviesUnited Kingdom62 years Jun 2014- Director
Ms Carolyn BradleyEngland60 years Oct 2018- Director
Mr Michael ClasperUnited Kingdom71 years Nov 2019- Director
Ms Judith VezmarUnited Kingdom68 years Aug 2020- Director
Mr Timothy LodgeUnited Kingdom60 years Oct 2020- Director
Ms Kelly Kuhn59 years Jan 2022- Director
Ms Apurvi ShethUnited Kingdom57 years Jan 2022- Director
Mr Patrick CoveneyUnited Kingdom54 years Mar 2022- Director

P&L

September 2023

turnover

3b

+38%

operating profit

289.7m

0%

gross margin

32.9%

-0.06%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

226.2m

+0.01%

total assets

2.9b

+0.03%

cash

303.3m

-0.44%

net assets

Total assets minus all liabilities

ssp group plc company details

company number

05735966

Type

Public limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

March 2006

age

18

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

September 2023

previous names

ssp group limited (July 2014)

sapling holdco 1 limited (October 2006)

accountant

-

auditor

KPMG LLP

address

jamestown wharf, 32 jamestown road, london, NW1 7HW

Bank

-

Legal Advisor

-

ssp group plc Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to ssp group plc.

charges

ssp group plc Companies House Filings - See Documents

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