azets holdings limited Company Information
Company Number
06365189
Registered Address
2nd floor regis house, 45 king william street, london, EC4R 9AN
Industry
Accounting, and auditing activities
Telephone
08458948966
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
azets ba bidco limited 100%
azets holdings limited Estimated Valuation
Pomanda estimates the enterprise value of AZETS HOLDINGS LIMITED at £550.1m based on a Turnover of £251.1m and 2.19x industry multiple (adjusted for size and gross margin).
azets holdings limited Estimated Valuation
Pomanda estimates the enterprise value of AZETS HOLDINGS LIMITED at £398.1m based on an EBITDA of £31.2m and a 12.77x industry multiple (adjusted for size and gross margin).
azets holdings limited Estimated Valuation
Pomanda estimates the enterprise value of AZETS HOLDINGS LIMITED at £0 based on Net Assets of £-52.1m and 1.85x industry multiple (adjusted for liquidity).
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Azets Holdings Limited Overview
Azets Holdings Limited is a live company located in london, EC4R 9AN with a Companies House number of 06365189. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in September 2007, it's largest shareholder is azets ba bidco limited with a 100% stake. Azets Holdings Limited is a established, mega sized company, Pomanda has estimated its turnover at £251.1m with healthy growth in recent years.
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Azets Holdings Limited Health Check
Pomanda's financial health check has awarded Azets Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £251.1m, make it larger than the average company (£135.6k)
£251.1m - Azets Holdings Limited
£135.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.3%)
11% - Azets Holdings Limited
6.3% - Industry AVG
Production
with a gross margin of 73.7%, this company has a comparable cost of product (73.7%)
73.7% - Azets Holdings Limited
73.7% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (14.3%)
2.9% - Azets Holdings Limited
14.3% - Industry AVG
Employees
with 3333 employees, this is above the industry average (3)
3333 - Azets Holdings Limited
3 - Industry AVG
Pay Structure
on an average salary of £52.4k, the company has a higher pay structure (£19.7k)
£52.4k - Azets Holdings Limited
£19.7k - Industry AVG
Efficiency
resulting in sales per employee of £75.4k, this is equally as efficient (£70.9k)
£75.4k - Azets Holdings Limited
£70.9k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is near the average (96 days)
92 days - Azets Holdings Limited
96 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is slower than average (21 days)
42 days - Azets Holdings Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Azets Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (19 weeks)
12 weeks - Azets Holdings Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 117.1%, this is a higher level of debt than the average (62.4%)
117.1% - Azets Holdings Limited
62.4% - Industry AVG
AZETS HOLDINGS LIMITED financials
Azets Holdings Limited's latest turnover from June 2023 is £251.1 million and the company has net assets of -£52.1 million. According to their latest financial statements, Azets Holdings Limited has 3,333 employees and maintains cash reserves of £16.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 251,146,000 | 199,806,000 | 182,244,000 | 183,754,000 | 67,337,354 | 4,139,468 | 0 | 22,884,012 | 14,777,083 | 10,909,673 | 9,763,510 | 7,334,247 | 6,455,936 | 6,305,730 |
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | 7,308,000 | -7,482,000 | -14,969,000 | -48,784,000 | -3,903,432 | -1,820,980 | -835,746 | 3,101,385 | 2,602,458 | 1,763,851 | 1,030,414 | 648,565 | 429,308 | 133,041 |
Interest Payable | 13,414,000 | 12,387,000 | 13,246,000 | 12,299,000 | 6,540,690 | 1,928,114 | 439,548 | 483,894 | 219,125 | 152,835 | 184,071 | 147,159 | 124,135 | 149,587 |
Interest Receivable | 8,000 | 1,000 | 82,000 | 63,000 | 0 | 0 | 70,907 | 81,343 | 0 | 0 | 134 | 714 | 0 | 0 |
Pre-Tax Profit | -6,014,000 | -19,259,000 | -28,133,000 | -47,703,000 | -10,156,721 | -4,540,411 | 2,295,613 | 2,698,834 | 2,383,334 | 1,607,381 | 848,489 | 506,940 | 305,173 | -13,266 |
Tax | 4,064,000 | -1,133,000 | -1,142,000 | 4,242,000 | 2,682 | 0 | 0 | -993,235 | -544,764 | -416,456 | -228,176 | -240,538 | -115,981 | -64,018 |
Profit After Tax | -1,950,000 | -20,392,000 | -29,275,000 | -43,461,000 | -10,154,039 | -4,540,411 | 2,295,613 | 1,705,599 | 1,838,570 | 1,190,925 | 620,313 | 266,402 | 189,192 | -77,284 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,017 | 200,918 | 863,237 | 114,638 | 67,500 | 100,320 | 66,880 | 0 |
Retained Profit | -1,950,000 | -20,392,000 | -29,275,000 | -43,461,000 | -10,154,039 | -4,540,411 | 1,295,596 | 1,137,694 | 791,229 | 869,251 | 307,418 | 140,241 | 84,128 | -136,720 |
Employee Costs | 174,771,000 | 150,809,000 | 145,756,000 | 148,244,000 | 48,998,282 | 3,946,706 | 687,853 | 10,435,548 | 6,729,193 | 5,337,443 | 5,791,917 | 4,118,666 | 3,612,485 | 3,559,478 |
Number Of Employees | 3,333 | 3,049 | 3,013 | 2,895 | 445 | 250 | 167 | 167 | 141 | 104 | 106 | |||
EBITDA* | 31,162,000 | 14,410,000 | 5,699,000 | -32,904,000 | 2,414,980 | -1,311,459 | -835,746 | 6,993,786 | 4,732,426 | 2,594,980 | 1,936,102 | 1,441,767 | 1,422,840 | 1,456,572 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 45,958,000 | 59,346,000 | 33,792,000 | 37,234,000 | 3,160,077 | 331,644 | 0 | 3,384,058 | 2,175,999 | 570,205 | 629,892 | 526,303 | 387,354 | 385,897 |
Intangible Assets | 154,433,000 | 163,985,000 | 150,495,000 | 155,722,000 | 78,601,466 | 10,573,985 | 0 | 18,841,034 | 6,191,078 | 3,439,415 | 4,216,502 | 3,838,420 | 2,447,884 | 3,350,733 |
Investments & Other | 16,535,000 | 22,980,000 | 830,000 | 492,000 | 16,274,693 | 16,324,433 | 16,428,949 | 338 | 338 | 338 | 192,809 | 135,209 | 40,754 | 8,725 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,413,786 | 760,299 | 330,305 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 200,391,000 | 223,331,000 | 184,287,000 | 192,956,000 | 98,036,236 | 27,230,062 | 16,428,949 | 23,639,216 | 9,127,714 | 4,340,263 | 5,039,203 | 4,499,932 | 2,875,992 | 3,745,355 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500 | 500 | 0 | 0 |
Trade Debtors | 63,804,000 | 61,746,000 | 29,825,000 | 33,572,000 | 29,361,272 | 3,961,435 | 0 | 13,364,285 | 6,407,934 | 4,315,714 | 4,648,817 | 3,982,460 | 3,098,379 | 2,893,750 |
Group Debtors | 14,686,000 | 11,791,000 | 11,828,000 | 11,153,000 | 99,481,374 | 74,774,983 | 49,074,892 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 10,045,000 | 9,811,000 | 31,390,000 | 32,869,000 | 10,359,532 | 1,052,528 | 3,912,333 | 3,320,007 | 1,799,052 | 1,623,738 | 521,631 | 233,324 | 198,436 | 212,387 |
Cash | 16,307,000 | 8,012,000 | 12,953,000 | 29,053,000 | 253,890 | 2,914,288 | 250 | 5,831,373 | 1,379,925 | 400,498 | 511,474 | 604,374 | 319,744 | 629,059 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 861,343 | 540,000 | 300,000 | 80,000 | 0 | 0 | 0 |
total current assets | 104,842,000 | 91,360,000 | 85,996,000 | 107,006,000 | 139,456,068 | 82,703,234 | 52,987,475 | 23,377,008 | 10,126,911 | 6,639,950 | 5,762,422 | 4,820,658 | 3,616,559 | 3,735,196 |
total assets | 305,233,000 | 314,691,000 | 270,283,000 | 299,962,000 | 237,492,304 | 109,933,296 | 69,416,424 | 47,016,224 | 19,254,625 | 10,980,213 | 10,801,625 | 9,320,590 | 6,492,551 | 7,480,551 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 1,822,047 | 2,794,557 | 3,474,478 | 1,916,749 | 2,531,327 | 1,631,702 | 1,471,938 | 1,471,938 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,548,253 | 0 | 421,000 | 429,333 | 350,000 | 250,000 | 416,273 |
Trade Creditors | 7,628,000 | 7,184,000 | 6,236,000 | 6,325,000 | 2,376,978 | 588,069 | 0 | 991,165 | 699,138 | 354,753 | 370,314 | 238,446 | 213,965 | 229,093 |
Group/Directors Accounts | 0 | 0 | 0 | 183,322,000 | 7,546,445 | 2,059,330 | 1,161,967 | 31,601 | 30 | 121,917 | 225,811 | 284,400 | 464,246 | 187,283 |
other short term finances | 0 | 0 | 0 | 0 | 147,742,154 | 52,112,436 | 11,418,882 | 5,135,580 | 1,294,079 | 0 | 459,071 | 0 | 269,801 | 829,288 |
hp & lease commitments | 5,554,000 | 5,784,000 | 6,357,000 | 6,788,000 | 0 | 0 | 0 | 22,603 | 29,945 | 70,291 | 70,158 | 32,854 | 17,397 | 16,059 |
other current liabilities | 55,061,000 | 63,362,000 | 38,854,000 | 47,211,000 | 26,785,484 | 6,776,409 | 2,478,570 | 3,956,359 | 2,810,265 | 2,844,477 | 1,276,237 | 2,193,374 | 1,065,218 | 1,205,751 |
total current liabilities | 68,243,000 | 76,330,000 | 51,447,000 | 243,646,000 | 184,451,061 | 61,536,244 | 16,881,466 | 36,480,118 | 8,307,935 | 5,729,187 | 5,362,251 | 4,730,776 | 3,752,565 | 4,355,685 |
loans | 272,589,000 | 271,952,000 | 237,955,000 | 49,126,000 | 10,311,662 | 3,835,621 | 3,433,116 | 5,404,783 | 6,924,662 | 2,020,898 | 3,067,058 | 2,522,520 | 869,749 | 1,314,506 |
hp & lease commitments | 19,339,000 | 25,165,000 | 22,096,000 | 24,563,000 | 0 | 0 | 0 | 0 | 51,179 | 68,588 | 80,280 | 82,320 | 58,957 | 56,425 |
Accruals and Deferred Income | 0 | 0 | 0 | 6,043,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 6,722,000 | 9,070,000 | 2,870,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 58,166,000 | 65,818,000 | 62,194,000 | 57,514,000 | 8,322,189 | 0 | 0 | 96,720 | 73,940 | 55,858 | 55,605 | 55,961 | 22,508 | 49,291 |
total long term liabilities | 289,055,000 | 288,766,000 | 249,826,000 | 59,363,000 | 18,633,851 | 3,835,621 | 3,433,116 | 5,501,503 | 7,049,781 | 2,145,344 | 3,202,943 | 2,660,801 | 951,214 | 1,420,222 |
total liabilities | 357,298,000 | 365,096,000 | 301,273,000 | 303,009,000 | 203,084,912 | 65,371,865 | 20,314,582 | 41,981,621 | 15,357,716 | 7,874,531 | 8,565,194 | 7,391,577 | 4,703,779 | 5,775,907 |
net assets | -52,065,000 | -50,405,000 | -30,990,000 | -3,047,000 | 34,407,392 | 44,561,431 | 49,101,842 | 5,034,603 | 3,896,909 | 3,105,682 | 2,236,431 | 1,929,013 | 1,788,772 | 1,704,644 |
total shareholders funds | -52,065,000 | -50,405,000 | -30,990,000 | -3,047,000 | 34,407,392 | 44,561,431 | 49,101,842 | 5,034,603 | 3,896,909 | 3,105,682 | 2,236,431 | 1,929,013 | 1,788,772 | 1,704,644 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 7,308,000 | -7,482,000 | -14,969,000 | -48,784,000 | -3,903,432 | -1,820,980 | -835,746 | 3,101,385 | 2,602,458 | 1,763,851 | 1,030,414 | 648,565 | 429,308 | 133,041 |
Depreciation | 9,050,000 | 8,727,000 | 7,848,000 | 2,656,000 | 477,057 | 31,223 | 0 | 158,412 | 134,579 | 141,264 | 130,660 | 119,082 | 90,683 | 52,141 |
Amortisation | 14,804,000 | 13,165,000 | 12,820,000 | 13,224,000 | 5,841,355 | 478,298 | 0 | 3,733,989 | 1,995,389 | 689,865 | 775,028 | 674,120 | 902,849 | 1,271,390 |
Tax | 4,064,000 | -1,133,000 | -1,142,000 | 4,242,000 | 2,682 | 0 | 0 | -993,235 | -544,764 | -416,456 | -228,176 | -240,538 | -115,981 | -64,018 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -500 | 0 | 500 | 0 | 0 |
Debtors | 5,187,000 | 10,305,000 | -4,551,000 | -61,608,178 | 59,413,232 | 26,801,721 | 34,889,147 | 9,130,793 | 2,697,528 | 1,099,309 | 954,664 | 918,969 | 190,678 | 3,106,137 |
Creditors | 444,000 | 948,000 | -89,000 | 3,948,022 | 1,788,909 | 588,069 | -991,165 | 292,027 | 344,385 | -15,561 | 131,868 | 24,481 | -15,128 | 229,093 |
Accruals and Deferred Income | -8,301,000 | 24,508,000 | -14,400,000 | 26,468,516 | 20,009,075 | 4,297,839 | -1,477,789 | 1,146,094 | -34,212 | 1,568,240 | -917,137 | 1,128,156 | -140,533 | 1,205,751 |
Deferred Taxes & Provisions | -7,652,000 | 3,624,000 | 4,680,000 | 49,191,811 | 8,322,189 | 0 | -96,720 | 22,780 | 18,082 | 253 | -356 | 33,453 | -26,783 | 49,291 |
Cash flow from operations | 14,530,000 | 32,052,000 | -701,000 | 112,554,527 | -26,875,397 | -23,227,272 | -38,290,567 | -1,669,341 | 1,818,389 | 2,632,647 | -32,363 | 1,467,850 | 933,737 | -229,448 |
Investing Activities | ||||||||||||||
capital expenditure | -12,962,870 | -7,241,910 | -298,385 | -1,549,636 | -472,412 | -58,951 | -1,366,810 | |||||||
Change in Investments | -6,445,000 | 22,150,000 | 338,000 | -15,782,693 | -49,740 | -104,516 | 16,428,611 | 0 | 0 | -192,471 | 57,600 | 94,455 | 32,029 | 8,725 |
cash flow from investments | -12,962,870 | -7,241,910 | -105,914 | -1,607,236 | -566,867 | -90,980 | -1,375,535 | |||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -23,548,253 | 23,548,253 | -421,000 | -8,333 | 79,333 | 100,000 | -166,273 | 416,273 |
Group/Directors Accounts | 0 | 0 | -183,322,000 | 175,775,555 | 5,487,115 | 897,363 | 1,130,366 | 31,571 | -121,887 | -103,894 | -58,589 | -179,846 | 276,963 | 187,283 |
Other Short Term Loans | 0 | 0 | 0 | -147,742,154 | 95,629,718 | 40,693,554 | 6,283,302 | 3,841,501 | 1,294,079 | -459,071 | 459,071 | -269,801 | -559,487 | 829,288 |
Long term loans | 637,000 | 33,997,000 | 188,829,000 | 38,814,338 | 6,476,041 | 402,505 | -1,971,667 | -1,519,879 | 4,903,764 | -1,046,160 | 544,538 | 1,652,771 | -444,757 | 1,314,506 |
Hire Purchase and Lease Commitments | -6,056,000 | 2,496,000 | -2,898,000 | 31,351,000 | 0 | 0 | -22,603 | -58,521 | -57,755 | -11,559 | 35,264 | 38,820 | 3,870 | 72,484 |
other long term liabilities | -2,348,000 | 6,200,000 | 2,870,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | -13,406,000 | -12,386,000 | -13,164,000 | -12,236,000 | -6,540,690 | -1,928,114 | -368,641 | -402,551 | -219,125 | -152,835 | -183,937 | -146,445 | -124,135 | -149,587 |
cash flow from financing | -20,883,000 | 31,284,000 | -6,353,000 | 91,969,347 | 101,052,184 | 40,065,308 | 24,274,147 | 25,440,374 | 5,378,074 | -1,781,852 | 875,680 | 1,195,499 | -1,013,819 | 4,511,611 |
cash and cash equivalents | ||||||||||||||
cash | 8,295,000 | -4,941,000 | -16,100,000 | 28,799,110 | -2,660,398 | 2,914,038 | -5,831,123 | 4,451,448 | 979,427 | -110,976 | -92,900 | 284,630 | -309,315 | 629,059 |
overdraft | 0 | 0 | 0 | 0 | 0 | -1,822,047 | -972,510 | -679,921 | 1,557,729 | -614,578 | 899,625 | 159,764 | 0 | 1,471,938 |
change in cash | 8,295,000 | -4,941,000 | -16,100,000 | 28,799,110 | -2,660,398 | 4,736,085 | -4,858,613 | 5,131,369 | -578,302 | 503,602 | -992,525 | 124,866 | -309,315 | -842,879 |
azets holdings limited Credit Report and Business Information
Azets Holdings Limited Competitor Analysis
Perform a competitor analysis for azets holdings limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in EC4R area or any other competitors across 12 key performance metrics.
azets holdings limited Ownership
AZETS HOLDINGS LIMITED group structure
Azets Holdings Limited has 51 subsidiary companies.
Ultimate parent company
AZETS TOPCO LTD
#0083407
2 parents
AZETS HOLDINGS LIMITED
06365189
51 subsidiaries
azets holdings limited directors
Azets Holdings Limited currently has 3 directors. The longest serving directors include Mr William Payne (Sep 2018) and Mrs Sophie Parkhouse (Aug 2024).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr William Payne | United Kingdom | 59 years | Sep 2018 | - | Director |
Mrs Sophie Parkhouse | United Kingdom | 38 years | Aug 2024 | - | Director |
Mr David Aikman | England | 46 years | Aug 2024 | - | Director |
P&L
June 2023turnover
251.1m
+26%
operating profit
7.3m
-198%
gross margin
73.7%
+11.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-52.1m
+0.03%
total assets
305.2m
-0.03%
cash
16.3m
+1.04%
net assets
Total assets minus all liabilities
azets holdings limited company details
company number
06365189
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
September 2007
age
17
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
baldwins holdings limited (September 2020)
last accounts submitted
June 2023
address
2nd floor regis house, 45 king william street, london, EC4R 9AN
accountant
-
auditor
ERNST & YOUNG LLP
azets holdings limited 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 found 15 charges/mortgages relating to azets holdings limited. Currently there are 2 open charges and 13 have been satisfied in the past.
azets holdings limited Companies House Filings - See Documents
date | description | view/download |
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