Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
james watson house, montgomery way, rosehill carlisle, cumbria, CA1 2UU
Pomanda estimates the enterprise value of PROJECT BULLSEYE TOPCO LIMITED at £116m based on a Turnover of £61.4m and 1.89x industry multiple (adjusted for size and gross margin).
project bullseye topco limitedEstimated Valuation
£11.9m
Pomanda estimates the enterprise value of PROJECT BULLSEYE TOPCO LIMITED at £11.9m based on an EBITDA of £1.5m and a 7.97x industry multiple (adjusted for size and gross margin).
project bullseye topco limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of PROJECT BULLSEYE TOPCO LIMITED at £0 based on Net Assets of £-27.4m and 1.27x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Project Bullseye Topco LimitedOverview
Project Bullseye Topco Limited is a live company located in rosehill carlisle, CA1 2UU with a Companies House number of 09894504. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in November 2015, it's largest shareholder is
elysian capital ii lp
with a 67.7% stake. Project Bullseye Topco Limited is a established,
large sized company, Pomanda has estimated its turnover at
£61.4m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Project Bullseye Topco Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
3 Strong
2 Regular
7 Weak
Size
annual sales of £61.4m, make it larger than the average company (£18m)
£61.4m - Project Bullseye Topco Limited
£18m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.4%)
4% - Project Bullseye Topco Limited
6.4% - Industry AVG
Production
with a gross margin of 24.7%, this company has a higher cost of product (36.1%)
24.7% - Project Bullseye Topco Limited
36.1% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (5.3%)
1.4% - Project Bullseye Topco Limited
5.3% - Industry AVG
Employees
with 100 employees, this is similar to the industry average (104)
100 - Project Bullseye Topco Limited
104 - Industry AVG
Pay Structure
on an average salary of £46.4k, the company has an equivalent pay structure (£41.8k)
£46.4k - Project Bullseye Topco Limited
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £614.2k, this is more efficient (£178.7k)
£614.2k - Project Bullseye Topco Limited
£178.7k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (47 days)
69 days - Project Bullseye Topco Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (47 days)
74 days - Project Bullseye Topco Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 81 days, this is more than average (43 days)
81 days - Project Bullseye Topco Limited
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is less cash available to meet short term requirements (16 weeks)
4 weeks - Project Bullseye Topco Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 200%, this is a higher level of debt than the average (69.5%)
200% - Project Bullseye Topco Limited
69.5% - Industry AVG
PROJECT BULLSEYE TOPCO LIMITED financials
EXPORT
Project Bullseye Topco Limited's latest turnover from December 2022 is £61.4 million and the company has net assets of -£27.4 million. According to their latest financial statements, Project Bullseye Topco Limited has 100 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Turnover
61,416,000
51,029,000
36,741,000
54,194,000
60,563,000
71,964,000
67,798,000
Other Income Or Grants
Cost Of Sales
46,247,000
40,845,000
28,124,000
44,389,000
50,575,000
53,311,000
50,713,000
Gross Profit
15,169,000
10,184,000
8,617,000
9,805,000
9,988,000
18,653,000
17,085,000
Admin Expenses
14,330,000
10,376,000
12,214,000
15,730,000
17,541,000
16,353,000
17,590,000
Operating Profit
839,000
-192,000
-3,597,000
-5,925,000
-7,553,000
2,300,000
-505,000
Interest Payable
2,360,000
2,047,000
2,475,000
2,308,000
1,970,000
1,831,000
2,351,000
Interest Receivable
162,000
389,000
Pre-Tax Profit
-1,521,000
-2,239,000
-5,910,000
-7,844,000
-9,193,000
594,000
-2,856,000
Tax
-532,000
-185,000
80,000
374,000
1,076,000
-261,000
103,000
Profit After Tax
-2,053,000
-2,424,000
-5,830,000
-7,470,000
-8,117,000
333,000
-2,753,000
Dividends Paid
Retained Profit
-2,053,000
-2,424,000
-5,830,000
-7,470,000
-8,117,000
333,000
-2,753,000
Employee Costs
4,644,000
4,533,000
4,058,000
5,617,000
6,513,000
5,851,000
5,702,000
Number Of Employees
100
95
106
142
170
160
151
EBITDA*
1,496,000
402,000
-949,000
-3,194,000
-4,744,000
4,852,000
-222,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Tangible Assets
623,000
855,000
570,000
982,000
1,410,000
1,551,000
917,000
Intangible Assets
1,020,000
43,000
162,000
2,094,000
4,037,000
6,097,000
8,158,000
Investments & Other
Debtors (Due After 1 year)
26,000
234,000
187,000
131,000
74,000
Total Fixed Assets
1,643,000
924,000
966,000
3,263,000
5,578,000
7,722,000
9,075,000
Stock & work in progress
10,300,000
9,350,000
2,502,000
3,530,000
7,601,000
9,603,000
10,397,000
Trade Debtors
11,717,000
9,982,000
6,103,000
12,328,000
14,887,000
17,728,000
17,629,000
Group Debtors
109,000
Misc Debtors
1,646,000
1,565,000
1,109,000
2,885,000
3,345,000
1,824,000
2,177,000
Cash
2,082,000
1,009,000
2,773,000
4,455,000
5,179,000
3,953,000
2,270,000
misc current assets
total current assets
25,745,000
21,906,000
12,487,000
23,198,000
31,012,000
33,108,000
32,582,000
total assets
27,388,000
22,830,000
13,453,000
26,461,000
36,590,000
40,830,000
41,657,000
Bank overdraft
6,583,000
7,472,000
4,481,000
8,766,000
9,750,000
7,675,000
10,873,000
Bank loan
Trade Creditors
9,409,000
11,456,000
2,532,000
5,217,000
5,055,000
7,602,000
6,752,000
Group/Directors Accounts
3,039,000
other short term finances
116,000
389,000
448,000
hp & lease commitments
other current liabilities
10,194,000
2,698,000
3,558,000
5,618,000
7,197,000
6,155,000
4,520,000
total current liabilities
26,186,000
21,626,000
10,571,000
19,601,000
25,157,000
21,821,000
22,593,000
loans
16,900,000
16,900,000
16,267,000
14,548,000
18,833,000
19,596,000
19,681,000
hp & lease commitments
Accruals and Deferred Income
9,570,000
8,182,000
other liabilities
7,296,000
7,296,000
provisions
2,107,000
1,381,000
2,154,000
2,021,000
2,142,000
833,000
1,136,000
total long term liabilities
28,577,000
26,463,000
25,717,000
23,865,000
20,975,000
20,429,000
20,817,000
total liabilities
54,763,000
48,089,000
36,288,000
43,466,000
46,132,000
42,250,000
43,410,000
net assets
-27,375,000
-25,259,000
-22,835,000
-17,005,000
-9,542,000
-1,420,000
-1,753,000
total shareholders funds
-27,375,000
-25,259,000
-22,835,000
-17,005,000
-9,542,000
-1,420,000
-1,753,000
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Operating Activities
Operating Profit
839,000
-192,000
-3,597,000
-5,925,000
-7,553,000
2,300,000
-505,000
Depreciation
365,000
431,000
716,000
788,000
749,000
491,000
283,000
Amortisation
292,000
163,000
1,932,000
1,943,000
2,060,000
2,061,000
Tax
-532,000
-185,000
80,000
374,000
1,076,000
-261,000
103,000
Stock
950,000
6,848,000
-1,028,000
-4,071,000
-2,002,000
-794,000
10,397,000
Debtors
1,790,000
4,127,000
-7,954,000
-2,963,000
-1,263,000
-289,000
19,915,000
Creditors
-2,047,000
8,924,000
-2,685,000
162,000
-2,547,000
850,000
6,752,000
Accruals and Deferred Income
8,884,000
7,322,000
-2,060,000
-1,579,000
1,042,000
1,635,000
4,520,000
Deferred Taxes & Provisions
726,000
-773,000
133,000
-121,000
1,309,000
-303,000
1,136,000
Cash flow from operations
5,787,000
4,715,000
3,501,000
2,676,000
-599,000
7,856,000
-18,023,000
Investing Activities
capital expenditure
-448,000
-621,000
Change in Investments
cash flow from investments
-448,000
-621,000
Financing Activities
Bank loans
Group/Directors Accounts
-3,039,000
3,039,000
Other Short Term Loans
-116,000
-273,000
-59,000
448,000
Long term loans
633,000
1,719,000
-4,285,000
-763,000
-85,000
19,681,000
Hire Purchase and Lease Commitments
other long term liabilities
-7,296,000
7,296,000
share issue
-63,000
7,000
-5,000
1,000,000
interest
-2,360,000
-2,047,000
-2,313,000
-1,919,000
-1,970,000
-1,831,000
-2,351,000
cash flow from financing
-2,423,000
-8,710,000
-594,000
-2,056,000
28,000
-1,975,000
18,778,000
cash and cash equivalents
cash
1,073,000
-1,764,000
-1,682,000
-724,000
1,226,000
1,683,000
2,270,000
overdraft
-889,000
2,991,000
-4,285,000
-984,000
2,075,000
-3,198,000
10,873,000
change in cash
1,962,000
-4,755,000
2,603,000
260,000
-849,000
4,881,000
-8,603,000
project bullseye topco limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for project bullseye topco limited. Get real-time insights into project bullseye topco limited's credit score, group structure and payment trends.
Perform a competitor analysis for project bullseye topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in CA1 area or any other competitors across 12 key performance metrics.
project bullseye topco limited Ownership
PROJECT BULLSEYE TOPCO LIMITED group structure
Project Bullseye Topco Limited has 1 subsidiary company.
The largest shareholders in Project Bullseye Topco Limited include Elysian Capital Ii Lp and Jeremy Clynes.
elysian capital ii lp
67.68%
jeremy clynes
12.04%
nicholas samuels
10.6%
elysian capital executive management lp
4.67%
thomas duffy
4%
anthony hicks
0.66%
paul blackaby
0.25%
brian robinson
0.09%
project bullseye topco limited directors
Project Bullseye Topco Limited currently has 2 directors.
The longest serving directors include
Mr David Colclough (Jan 2016) and
Ms Alice Tweg (Aug 2023).
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
November 2015
age
10
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
GRANT THORNTON UK LLP
address
james watson house, montgomery way, rosehill carlisle, cumbria, CA1 2UU
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 project bullseye topco limited.
project bullseye topco limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for PROJECT BULLSEYE TOPCO LIMITED. This can take several minutes, an email will notify you when this has completed.
project bullseye topco limitedCompanies House Filings - See Documents
