zellis topco limited
zellis topco limited Company Information
Company Number
10975156
Website
moorepay.co.ukRegistered Address
740 waterside drive aztec west, almondsbury, bristol, BS32 4UF
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
08000420315
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
zorro bidco limited 100%
zellis topco limited Estimated Valuation
Pomanda estimates the enterprise value of ZELLIS TOPCO LIMITED at £508.7m based on a Turnover of £201.4m and 2.53x industry multiple (adjusted for size and gross margin).
zellis topco limited Estimated Valuation
Pomanda estimates the enterprise value of ZELLIS TOPCO LIMITED at £581.5m based on an EBITDA of £60.4m and a 9.63x industry multiple (adjusted for size and gross margin).
zellis topco limited Estimated Valuation
Pomanda estimates the enterprise value of ZELLIS TOPCO LIMITED at £0 based on Net Assets of £-215m and 1.81x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Zellis Topco Limited Overview
Zellis Topco Limited is a live company located in bristol, BS32 4UF with a Companies House number of 10975156. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2017, it's largest shareholder is zorro bidco limited with a 100% stake. Zellis Topco Limited is a young, mega sized company, Pomanda has estimated its turnover at £201.4m with healthy growth in recent years.
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Zellis Topco Limited Health Check
Pomanda's financial health check has awarded Zellis Topco Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £201.4m, make it larger than the average company (£18.6m)
£201.4m - Zellis Topco Limited
£18.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.6%)
10% - Zellis Topco Limited
7.6% - Industry AVG
Production
with a gross margin of 34.9%, this company has a comparable cost of product (34.9%)
34.9% - Zellis Topco Limited
34.9% - Industry AVG
Profitability
an operating margin of 9.9% make it more profitable than the average company (4.8%)
9.9% - Zellis Topco Limited
4.8% - Industry AVG
Employees
with 2300 employees, this is above the industry average (105)
2300 - Zellis Topco Limited
105 - Industry AVG
Pay Structure
on an average salary of £46.7k, the company has an equivalent pay structure (£42.2k)
£46.7k - Zellis Topco Limited
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £87.5k, this is less efficient (£182.9k)
£87.5k - Zellis Topco Limited
£182.9k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (45 days)
70 days - Zellis Topco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (46 days)
15 days - Zellis Topco Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Zellis Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (15 weeks)
2 weeks - Zellis Topco Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 134.1%, this is a higher level of debt than the average (69.2%)
134.1% - Zellis Topco Limited
69.2% - Industry AVG
ZELLIS TOPCO LIMITED financials
Zellis Topco Limited's latest turnover from April 2023 is £201.4 million and the company has net assets of -£215 million. According to their latest financial statements, Zellis Topco Limited has 2,300 employees and maintains cash reserves of £19.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 201,351,000 | 175,350,000 | 159,703,000 | 152,407,000 | 141,762,000 | 33,308,000 |
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | 19,970,000 | 10,104,000 | -1,761,000 | -4,974,000 | -22,078,000 | -6,541,000 |
| Interest Payable | 59,928,000 | 50,646,000 | 44,333,000 | 41,948,000 | 36,702,000 | 7,904,000 |
| Interest Receivable | 725,000 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -39,192,000 | -40,542,000 | -46,094,000 | -46,922,000 | -58,780,000 | -14,545,000 |
| Tax | 5,327,000 | 9,388,000 | 9,164,000 | 6,565,000 | 861,000 | 2,525,000 |
| Profit After Tax | -33,865,000 | -31,154,000 | -36,930,000 | -40,357,000 | -57,919,000 | -12,020,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -33,865,000 | -31,154,000 | -36,930,000 | -40,357,000 | -57,919,000 | -12,020,000 |
| Employee Costs | 107,459,000 | 94,108,000 | 92,776,000 | 89,043,000 | 73,521,000 | 16,401,000 |
| Number Of Employees | 2,300 | 2,221 | 2,129 | 2,187 | 1,717 | 1,340 |
| EBITDA* | 60,389,000 | 49,890,000 | 35,815,000 | 26,599,000 | 6,536,000 | -37,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 13,476,000 | 101,047,000 | 91,808,000 | 84,482,000 | 54,851,000 | 20,596,000 |
| Intangible Assets | 473,167,000 | 481,163,000 | 492,227,000 | 508,389,000 | 527,856,000 | 510,773,000 |
| Investments & Other | 42,354,000 | 1,248,000 | 0 | 0 | 0 | 907,000 |
| Debtors (Due After 1 year) | 0 | 47,160,000 | 46,445,000 | 41,959,000 | 36,474,000 | 0 |
| Total Fixed Assets | 528,997,000 | 543,821,000 | 550,956,000 | 565,922,000 | 582,707,000 | 531,369,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 38,782,000 | 30,641,000 | 21,148,000 | 20,469,000 | 22,251,000 | 32,373,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 26,465,000 | 32,133,000 | 29,909,000 | 11,482,000 | 12,801,000 | 11,615,000 |
| Cash | 19,760,000 | 9,118,000 | 9,363,000 | 20,433,000 | 8,174,000 | 5,035,000 |
| misc current assets | 15,669,000 | 11,021,000 | 8,818,000 | 8,879,000 | 7,473,000 | 0 |
| total current assets | 100,676,000 | 82,913,000 | 69,238,000 | 61,886,000 | 52,226,000 | 49,023,000 |
| total assets | 629,673,000 | 626,734,000 | 620,194,000 | 627,808,000 | 634,933,000 | 580,392,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 14,633,000 | 9,686,000 | 44,361,000 | 0 | 14,000,000 |
| Trade Creditors | 5,508,000 | 3,541,000 | 5,919,000 | 5,634,000 | 61,553,000 | 2,674,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 247,671,000 | 0 | 0 | 0 | 39,000,000 | 0 |
| hp & lease commitments | 3,173,000 | 3,097,000 | 2,362,000 | 3,973,000 | 4,984,000 | 1,739,000 |
| other current liabilities | 173,197,000 | 379,932,000 | 351,995,000 | 289,273,000 | 202,274,000 | 220,731,000 |
| total current liabilities | 429,549,000 | 401,203,000 | 369,962,000 | 343,241,000 | 307,811,000 | 239,144,000 |
| loans | 329,379,000 | 630,006,000 | 595,860,000 | 581,624,000 | 559,454,000 | 500,858,000 |
| hp & lease commitments | 5,881,000 | 8,151,000 | 7,863,000 | 9,443,000 | 11,419,000 | 1,688,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 55,698,000 | 31,634,000 | 41,324,000 | 41,790,000 | 48,326,000 | 3,069,000 |
| provisions | 24,215,000 | 93,676,000 | 127,392,000 | 138,002,000 | 158,828,000 | 146,336,000 |
| total long term liabilities | 415,173,000 | 393,475,000 | 402,950,000 | 402,347,000 | 407,467,000 | 326,666,000 |
| total liabilities | 844,722,000 | 794,678,000 | 772,912,000 | 745,588,000 | 715,278,000 | 565,810,000 |
| net assets | -215,049,000 | -167,944,000 | -152,718,000 | -117,780,000 | -80,345,000 | 14,582,000 |
| total shareholders funds | -215,049,000 | -167,944,000 | -152,718,000 | -117,780,000 | -80,345,000 | 14,582,000 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 19,970,000 | 10,104,000 | -1,761,000 | -4,974,000 | -22,078,000 | -6,541,000 |
| Depreciation | 5,242,000 | 4,970,000 | 5,188,000 | 1,435,000 | 958,000 | 360,000 |
| Amortisation | 35,177,000 | 34,816,000 | 32,388,000 | 30,138,000 | 27,656,000 | 6,144,000 |
| Tax | 5,327,000 | 9,388,000 | 9,164,000 | 6,565,000 | 861,000 | 2,525,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -44,687,000 | 12,432,000 | 23,592,000 | 2,384,000 | 27,538,000 | 43,988,000 |
| Creditors | 1,967,000 | -2,378,000 | 285,000 | -55,919,000 | 58,879,000 | 2,674,000 |
| Accruals and Deferred Income | -206,735,000 | 27,937,000 | 62,722,000 | 86,999,000 | -18,457,000 | 220,731,000 |
| Deferred Taxes & Provisions | -69,461,000 | -33,716,000 | -10,610,000 | -20,826,000 | 12,492,000 | 146,336,000 |
| Cash flow from operations | -163,826,000 | 38,689,000 | 73,784,000 | 41,034,000 | 32,773,000 | 328,241,000 |
| Investing Activities | ||||||
| capital expenditure | 0 | |||||
| Change in Investments | 41,106,000 | 1,248,000 | 0 | 0 | -907,000 | 907,000 |
| cash flow from investments | -41,106,000 | |||||
| Financing Activities | ||||||
| Bank loans | -14,633,000 | 4,947,000 | -34,675,000 | 44,361,000 | -14,000,000 | 14,000,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 247,671,000 | 0 | 0 | -39,000,000 | 39,000,000 | 0 |
| Long term loans | -300,627,000 | 34,146,000 | 14,236,000 | 22,170,000 | 58,596,000 | 500,858,000 |
| Hire Purchase and Lease Commitments | -2,194,000 | 1,023,000 | -3,191,000 | -2,987,000 | 12,976,000 | 3,427,000 |
| other long term liabilities | 24,064,000 | -9,690,000 | -466,000 | -6,536,000 | 45,257,000 | 3,069,000 |
| share issue | ||||||
| interest | -59,203,000 | -50,646,000 | -44,333,000 | -41,948,000 | -36,702,000 | -7,904,000 |
| cash flow from financing | -118,162,000 | -4,292,000 | -66,437,000 | -21,018,000 | 68,119,000 | 540,052,000 |
| cash and cash equivalents | ||||||
| cash | 10,642,000 | -245,000 | -11,070,000 | 12,259,000 | 3,139,000 | 5,035,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 10,642,000 | -245,000 | -11,070,000 | 12,259,000 | 3,139,000 | 5,035,000 |
zellis topco limited Credit Report and Business Information
Zellis Topco Limited Competitor Analysis
Perform a competitor analysis for zellis topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in BS32 area or any other competitors across 12 key performance metrics.
zellis topco limited Ownership
ZELLIS TOPCO LIMITED group structure
Zellis Topco Limited has 1 subsidiary company.
Ultimate parent company
COLOUR HOLDCO SARL
#0150834
ZELLIS HOLDCO SARL
#0065527
2 parents
ZELLIS TOPCO LIMITED
10975156
1 subsidiary
zellis topco limited directors
Zellis Topco Limited currently has 3 directors. The longest serving directors include Mr James Stevens (Dec 2021) and Mr John Petter (Aug 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Stevens | England | 35 years | Dec 2021 | - | Director |
| Mr John Petter | England | 54 years | Aug 2024 | - | Director |
| Mr Alan Kinch | England | 46 years | Aug 2024 | - | Director |
P&L
April 2023turnover
201.4m
+15%
operating profit
20m
+98%
gross margin
34.9%
+0.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-215m
+0.28%
total assets
629.7m
0%
cash
19.8m
+1.17%
net assets
Total assets minus all liabilities
zellis topco limited company details
company number
10975156
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
September 2017
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
April 2023
previous names
colour topco limited (February 2019)
accountant
-
auditor
GRANT THORNTON UK LLP
address
740 waterside drive aztec west, almondsbury, bristol, BS32 4UF
Bank
-
Legal Advisor
-
zellis topco 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 did not find charges/mortgages relating to zellis topco limited.
zellis topco limited Companies House Filings - See Documents
| date | description | view/download |
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