zenith automotive holdings limited
zenith automotive holdings limited Company Information
Company Number
10574333
Website
www.zenith.co.ukRegistered Address
number one great exhibition way, kirkstall forge, leeds, LS5 3BF
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
03448488080
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
bev nominees limited 91%
mark trevor phillips 2.7%
View Allzenith automotive holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ZENITH AUTOMOTIVE HOLDINGS LIMITED at £1.4b based on a Turnover of £688.1m and 2.07x industry multiple (adjusted for size and gross margin).
zenith automotive holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ZENITH AUTOMOTIVE HOLDINGS LIMITED at £2b based on an EBITDA of £223.7m and a 8.89x industry multiple (adjusted for size and gross margin).
zenith automotive holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ZENITH AUTOMOTIVE HOLDINGS LIMITED at £0 based on Net Assets of £-276.7m and 2.15x industry multiple (adjusted for liquidity).
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Zenith Automotive Holdings Limited Overview
Zenith Automotive Holdings Limited is a live company located in leeds, LS5 3BF with a Companies House number of 10574333. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in January 2017, it's largest shareholder is bev nominees limited with a 91% stake. Zenith Automotive Holdings Limited is a young, mega sized company, Pomanda has estimated its turnover at £688.1m with high growth in recent years.
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Zenith Automotive Holdings Limited Health Check
Pomanda's financial health check has awarded Zenith Automotive Holdings Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
5 Weak
Size
annual sales of £688.1m, make it larger than the average company (£4.1m)
£688.1m - Zenith Automotive Holdings Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (4%)
16% - Zenith Automotive Holdings Limited
4% - Industry AVG
Production
with a gross margin of 25.2%, this company has a higher cost of product (61.9%)
25.2% - Zenith Automotive Holdings Limited
61.9% - Industry AVG
Profitability
an operating margin of 7% make it less profitable than the average company (11.4%)
7% - Zenith Automotive Holdings Limited
11.4% - Industry AVG
Employees
with 1222 employees, this is above the industry average (13)
1222 - Zenith Automotive Holdings Limited
13 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has a lower pay structure (£73.8k)
£37.6k - Zenith Automotive Holdings Limited
£73.8k - Industry AVG
Efficiency
resulting in sales per employee of £563.1k, this is more efficient (£213.9k)
£563.1k - Zenith Automotive Holdings Limited
£213.9k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is later than average (30 days)
46 days - Zenith Automotive Holdings Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (37 days)
47 days - Zenith Automotive Holdings Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (29 days)
0 days - Zenith Automotive Holdings Limited
29 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (39 weeks)
7 weeks - Zenith Automotive Holdings Limited
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 113.5%, this is a higher level of debt than the average (57.1%)
113.5% - Zenith Automotive Holdings Limited
57.1% - Industry AVG
zenith automotive holdings limited Credit Report and Business Information
Zenith Automotive Holdings Limited Competitor Analysis
Perform a competitor analysis for zenith automotive holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
zenith automotive holdings limited Ownership
ZENITH AUTOMOTIVE HOLDINGS LIMITED group structure
Zenith Automotive Holdings Limited has 2 subsidiary companies.
Ultimate parent company
ZENITH AUTOMOTIVE HOLDINGS LIMITED
10574333
2 subsidiaries
zenith automotive holdings limited directors
Zenith Automotive Holdings Limited currently has 5 directors. The longest serving directors include Ms Emma Watford (Jan 2017) and Mr Mark Phillips (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Emma Watford | United Kingdom | 46 years | Jan 2017 | - | Director |
| Mr Mark Phillips | England | 56 years | Mar 2017 | - | Director |
| Mr Guy Weldon | United Kingdom | 57 years | Mar 2017 | - | Director |
| Mr Timothy Buchan | 60 years | Mar 2017 | - | Director | |
| Lord Stuart The Lord Rose Of Monewden | United Kingdom | 75 years | Sep 2017 | - | Director |
ZENITH AUTOMOTIVE HOLDINGS LIMITED financials
Zenith Automotive Holdings Limited's latest turnover from March 2023 is £688.1 million and the company has net assets of -£276.7 million. According to their latest financial statements, Zenith Automotive Holdings Limited has 1,222 employees and maintains cash reserves of £72.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 688,117,000 | 589,058,000 | 491,123,000 | 444,636,000 | 439,463,000 | 462,995,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 514,758,000 | 452,876,000 | 387,908,000 | 348,196,000 | 348,200,000 | 368,580,000 |
| Gross Profit | 173,359,000 | 136,182,000 | 103,215,000 | 96,440,000 | 91,263,000 | 94,415,000 |
| Admin Expenses | 125,102,000 | 117,843,000 | 101,875,000 | 94,983,000 | 90,315,000 | 88,605,000 |
| Operating Profit | 48,257,000 | 18,339,000 | 1,340,000 | 1,457,000 | 948,000 | 5,810,000 |
| Interest Payable | 116,782,000 | 118,763,000 | 104,561,000 | 98,369,000 | 93,064,000 | 88,250,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -68,525,000 | -100,424,000 | -103,221,000 | -96,912,000 | -92,116,000 | -82,440,000 |
| Tax | -2,839,000 | -18,858,000 | 4,376,000 | -5,503,000 | -748,000 | 3,770,000 |
| Profit After Tax | -71,364,000 | -119,282,000 | -98,845,000 | -102,415,000 | -92,864,000 | -78,670,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -71,364,000 | -119,282,000 | -98,845,000 | -102,415,000 | -92,864,000 | -78,670,000 |
| Employee Costs | 45,949,000 | 42,012,000 | 36,193,000 | 28,288,000 | 26,208,000 | 26,083,000 |
| Number Of Employees | 1,222 | 1,076 | 966 | 670 | 686 | 658 |
| EBITDA* | 223,693,000 | 192,548,000 | 161,551,000 | 144,812,000 | 167,020,000 | 160,883,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 976,958,000 | 726,127,000 | 595,233,000 | 484,071,000 | 422,393,000 | 423,880,000 |
| Intangible Assets | 691,741,000 | 730,581,000 | 774,089,000 | 814,033,000 | 859,120,000 | 895,576,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 112,781,000 | 75,113,000 | 65,618,000 | 65,578,000 | 71,319,000 | 75,659,000 |
| Total Fixed Assets | 1,781,480,000 | 1,531,821,000 | 1,434,940,000 | 1,363,682,000 | 1,352,832,000 | 1,395,115,000 |
| Stock & work in progress | 1,115,000 | 1,058,000 | 984,000 | 0 | 0 | 0 |
| Trade Debtors | 86,739,000 | 49,129,000 | 56,527,000 | 67,295,000 | 54,441,000 | 35,959,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 101,786,000 | 86,078,000 | 68,852,000 | 40,932,000 | 38,775,000 | 55,099,000 |
| Cash | 72,187,000 | 60,168,000 | 19,213,000 | 73,568,000 | 21,028,000 | 16,483,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 261,827,000 | 196,433,000 | 145,576,000 | 181,795,000 | 114,244,000 | 107,541,000 |
| total assets | 2,043,307,000 | 1,728,254,000 | 1,580,516,000 | 1,545,477,000 | 1,467,076,000 | 1,502,656,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 66,643,000 | 43,473,000 | 50,860,000 | 213,228,000 | 28,547,000 | 31,940,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 308,362,000 | 4,950,000 | 576,000 | 0 |
| hp & lease commitments | 118,487,000 | 109,780,000 | 41,579,000 | 37,385,000 | 31,492,000 | 31,761,000 |
| other current liabilities | 337,400,000 | 253,173,000 | 68,650,000 | 50,816,000 | 230,313,000 | 207,728,000 |
| total current liabilities | 522,530,000 | 406,426,000 | 469,451,000 | 306,379,000 | 290,928,000 | 271,429,000 |
| loans | 806,851,000 | 772,963,000 | 0 | 732,425,000 | 636,409,000 | 611,066,000 |
| hp & lease commitments | 132,578,000 | 101,897,000 | 0 | 6,229,000 | 13,404,000 | 14,872,000 |
| Accruals and Deferred Income | 210,547,000 | 166,724,000 | 0 | 90,672,000 | 59,923,000 | 28,181,000 |
| other liabilities | 540,332,000 | 381,919,000 | 1,125,413,000 | 323,646,000 | 277,847,000 | 284,297,000 |
| provisions | 107,154,000 | 108,828,000 | 87,271,000 | 90,094,000 | 86,298,000 | 95,099,000 |
| total long term liabilities | 1,797,462,000 | 1,532,331,000 | 1,212,684,000 | 1,243,066,000 | 1,073,881,000 | 1,033,515,000 |
| total liabilities | 2,319,992,000 | 1,938,757,000 | 1,682,135,000 | 1,549,445,000 | 1,364,809,000 | 1,304,944,000 |
| net assets | -276,685,000 | -210,503,000 | -101,619,000 | -3,968,000 | 102,267,000 | 197,712,000 |
| total shareholders funds | -276,685,000 | -210,503,000 | -101,619,000 | -3,968,000 | 102,267,000 | 197,712,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 48,257,000 | 18,339,000 | 1,340,000 | 1,457,000 | 948,000 | 5,810,000 |
| Depreciation | 124,271,000 | 123,206,000 | 109,744,000 | 93,966,000 | 118,558,000 | 107,252,000 |
| Amortisation | 51,165,000 | 51,003,000 | 50,467,000 | 49,389,000 | 47,514,000 | 47,821,000 |
| Tax | -2,839,000 | -18,858,000 | 4,376,000 | -5,503,000 | -748,000 | 3,770,000 |
| Stock | 57,000 | 74,000 | 984,000 | 0 | 0 | 0 |
| Debtors | 90,986,000 | 19,323,000 | 17,192,000 | 9,270,000 | -2,182,000 | 166,717,000 |
| Creditors | 23,170,000 | -7,387,000 | -162,368,000 | 184,681,000 | -3,393,000 | 31,940,000 |
| Accruals and Deferred Income | 128,050,000 | 351,247,000 | -72,838,000 | -148,748,000 | 54,327,000 | 235,909,000 |
| Deferred Taxes & Provisions | -1,674,000 | 21,557,000 | -2,823,000 | 3,796,000 | -8,801,000 | 95,099,000 |
| Cash flow from operations | 279,357,000 | 519,710,000 | -90,278,000 | 169,768,000 | 210,587,000 | 360,884,000 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | -125,416,000 | -578,649,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -125,416,000 | -578,649,000 |
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -308,362,000 | 303,412,000 | 4,374,000 | 576,000 | 0 |
| Long term loans | 33,888,000 | 772,963,000 | -732,425,000 | 96,016,000 | 25,343,000 | 611,066,000 |
| Hire Purchase and Lease Commitments | 39,388,000 | 170,098,000 | -2,035,000 | -1,282,000 | -1,737,000 | 46,633,000 |
| other long term liabilities | 158,413,000 | -743,494,000 | 801,767,000 | 45,799,000 | -6,450,000 | 284,297,000 |
| share issue | ||||||
| interest | -116,782,000 | -118,763,000 | -104,561,000 | -98,369,000 | -93,064,000 | -88,250,000 |
| cash flow from financing | 120,089,000 | -217,160,000 | 267,352,000 | 42,718,000 | -77,913,000 | 1,130,128,000 |
| cash and cash equivalents | ||||||
| cash | 12,019,000 | 40,955,000 | -54,355,000 | 52,540,000 | 4,545,000 | 16,483,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 12,019,000 | 40,955,000 | -54,355,000 | 52,540,000 | 4,545,000 | 16,483,000 |
P&L
March 2023turnover
688.1m
+17%
operating profit
48.3m
+163%
gross margin
25.2%
+8.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-276.7m
+0.31%
total assets
2b
+0.18%
cash
72.2m
+0.2%
net assets
Total assets minus all liabilities
zenith automotive holdings limited company details
company number
10574333
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
January 2017
age
7
accounts
Group
ultimate parent company
previous names
zeus topco iv limited (January 2017)
incorporated
UK
address
number one great exhibition way, kirkstall forge, leeds, LS5 3BF
last accounts submitted
March 2023
zenith automotive 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 1 charges/mortgages relating to zenith automotive holdings limited. Currently there are 0 open charges and 1 have been satisfied in the past.
zenith automotive holdings limited Companies House Filings - See Documents
| date | description | view/download |
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