sasa topco limited
sasa topco limited Company Information
Company Number
11325326
Next Accounts
Jun 2025
Shareholders
elysian capital ii llp
saad hammad
View AllGroup Structure
View All
Industry
Travel agency activities
Registered Address
9th floor, st james building, 61-95 oxford street, manchester, M1 6EJ
Website
elysiancapital.comsasa topco limited Estimated Valuation
Pomanda estimates the enterprise value of SASA TOPCO LIMITED at £16.9m based on a Turnover of £15.1m and 1.12x industry multiple (adjusted for size and gross margin).
sasa topco limited Estimated Valuation
Pomanda estimates the enterprise value of SASA TOPCO LIMITED at £9.3m based on an EBITDA of £1.7m and a 5.4x industry multiple (adjusted for size and gross margin).
sasa topco limited Estimated Valuation
Pomanda estimates the enterprise value of SASA TOPCO LIMITED at £0 based on Net Assets of £-72.7m and 2.24x industry multiple (adjusted for liquidity).
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Sasa Topco Limited Overview
Sasa Topco Limited is a live company located in manchester, M1 6EJ with a Companies House number of 11325326. It operates in the travel agency activities sector, SIC Code 79110. Founded in April 2018, it's largest shareholder is elysian capital ii llp with a 73.8% stake. Sasa Topco Limited is a young, mid sized company, Pomanda has estimated its turnover at £15.1m with declining growth in recent years.
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Sasa Topco Limited Health Check
Pomanda's financial health check has awarded Sasa Topco Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £15.1m, make it larger than the average company (£10.2m)
£15.1m - Sasa Topco Limited
£10.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (0%)
-4% - Sasa Topco Limited
0% - Industry AVG
Production
with a gross margin of 23.8%, this company has a comparable cost of product (23.8%)
23.8% - Sasa Topco Limited
23.8% - Industry AVG
Profitability
an operating margin of -18.3% make it less profitable than the average company (3.5%)
-18.3% - Sasa Topco Limited
3.5% - Industry AVG
Employees
with 230 employees, this is above the industry average (30)
230 - Sasa Topco Limited
30 - Industry AVG
Pay Structure
on an average salary of £40.5k, the company has an equivalent pay structure (£43.1k)
£40.5k - Sasa Topco Limited
£43.1k - Industry AVG
Efficiency
resulting in sales per employee of £65.5k, this is less efficient (£284.9k)
£65.5k - Sasa Topco Limited
£284.9k - Industry AVG
Debtor Days
it gets paid by customers after 326 days, this is later than average (31 days)
326 days - Sasa Topco Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 512 days, this is slower than average (31 days)
512 days - Sasa Topco Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sasa Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (28 weeks)
14 weeks - Sasa Topco Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 223.9%, this is a higher level of debt than the average (80.2%)
223.9% - Sasa Topco Limited
80.2% - Industry AVG
SASA TOPCO LIMITED financials
Sasa Topco Limited's latest turnover from September 2023 is £15.1 million and the company has net assets of -£72.7 million. According to their latest financial statements, Sasa Topco Limited has 230 employees and maintains cash reserves of £7.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|---|
| Turnover | 15,056,000 | 10,902,000 | 3,570,000 | 16,792,000 | 46,838,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | -2,754,000 | -6,045,000 | -8,431,000 | -13,663,000 | -2,155,000 |
| Interest Payable | 11,741,000 | 8,897,000 | 7,492,000 | 6,270,000 | 7,120,000 |
| Interest Receivable | 31,000 | 17,000 | 68,000 | ||
| Pre-Tax Profit | -14,464,000 | -14,942,000 | -15,923,000 | -19,916,000 | -9,207,000 |
| Tax | 428,000 | 691,000 | -481,000 | 383,000 | 44,000 |
| Profit After Tax | -14,036,000 | -14,251,000 | -16,404,000 | -19,533,000 | -9,163,000 |
| Dividends Paid | |||||
| Retained Profit | -14,036,000 | -14,251,000 | -16,404,000 | -19,533,000 | -9,163,000 |
| Employee Costs | 9,314,000 | 6,895,000 | 5,538,000 | 20,079,000 | 29,211,000 |
| Number Of Employees | 230 | 173 | 128 | 504 | 552 |
| EBITDA* | 1,729,000 | -1,622,000 | -4,605,000 | -9,605,000 | 3,098,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,952,000 | 1,467,000 | 1,339,000 | 1,857,000 | 1,611,000 |
| Intangible Assets | 29,241,000 | 31,760,000 | 34,265,000 | 45,793,000 | 49,247,000 |
| Investments & Other | 5,289,000 | 6,493,000 | 7,705,000 | 3,000 | 3,000 |
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 36,482,000 | 39,720,000 | 43,309,000 | 47,653,000 | 50,861,000 |
| Stock & work in progress | |||||
| Trade Debtors | 13,463,000 | 13,810,000 | 3,476,000 | 1,945,000 | 23,613,000 |
| Group Debtors | |||||
| Misc Debtors | 1,661,000 | 1,495,000 | 1,786,000 | 2,415,000 | 3,490,000 |
| Cash | 7,061,000 | 9,064,000 | 8,546,000 | 10,887,000 | 8,477,000 |
| misc current assets | |||||
| total current assets | 22,185,000 | 24,369,000 | 13,808,000 | 15,247,000 | 35,580,000 |
| total assets | 58,667,000 | 64,089,000 | 57,117,000 | 62,900,000 | 86,441,000 |
| Bank overdraft | |||||
| Bank loan | 34,000 | 2,000,000 | |||
| Trade Creditors | 16,107,000 | 14,512,000 | 5,833,000 | 4,437,000 | 24,741,000 |
| Group/Directors Accounts | |||||
| other short term finances | 7,443,000 | 8,950,000 | 7,443,000 | ||
| hp & lease commitments | |||||
| other current liabilities | 2,328,000 | 3,855,000 | 4,162,000 | 9,894,000 | 5,468,000 |
| total current liabilities | 25,912,000 | 27,317,000 | 17,438,000 | 14,331,000 | 32,209,000 |
| loans | 104,394,000 | 94,104,000 | 81,385,000 | 74,265,000 | 60,497,000 |
| hp & lease commitments | 1,000 | ||||
| Accruals and Deferred Income | 48,000 | 113,000 | 308,000 | 284,000 | |
| other liabilities | |||||
| provisions | 1,028,000 | 1,422,000 | 2,370,000 | 1,670,000 | 1,718,000 |
| total long term liabilities | 105,422,000 | 95,574,000 | 83,868,000 | 76,243,000 | 62,500,000 |
| total liabilities | 131,334,000 | 122,891,000 | 101,306,000 | 90,574,000 | 94,709,000 |
| net assets | -72,667,000 | -58,802,000 | -44,189,000 | -27,674,000 | -8,268,000 |
| total shareholders funds | -72,667,000 | -58,802,000 | -44,189,000 | -27,674,000 | -8,268,000 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -2,754,000 | -6,045,000 | -8,431,000 | -13,663,000 | -2,155,000 |
| Depreciation | 780,000 | 669,000 | 698,000 | 614,000 | 591,000 |
| Amortisation | 3,703,000 | 3,754,000 | 3,128,000 | 3,444,000 | 4,662,000 |
| Tax | 428,000 | 691,000 | -481,000 | 383,000 | 44,000 |
| Stock | |||||
| Debtors | -181,000 | 10,043,000 | 902,000 | -22,743,000 | 27,103,000 |
| Creditors | 1,595,000 | 8,679,000 | 1,396,000 | -20,304,000 | 24,741,000 |
| Accruals and Deferred Income | -1,575,000 | -372,000 | -5,927,000 | 4,450,000 | 5,752,000 |
| Deferred Taxes & Provisions | -394,000 | -948,000 | 700,000 | -48,000 | 1,718,000 |
| Cash flow from operations | 1,964,000 | -3,615,000 | -9,819,000 | -2,381,000 | 8,250,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -1,204,000 | -1,212,000 | 7,702,000 | 3,000 | |
| cash flow from investments | 1,204,000 | 1,212,000 | -7,702,000 | -3,000 | |
| Financing Activities | |||||
| Bank loans | 34,000 | -2,000,000 | 2,000,000 | ||
| Group/Directors Accounts | |||||
| Other Short Term Loans | -1,507,000 | 1,507,000 | 7,443,000 | ||
| Long term loans | 10,290,000 | 12,719,000 | 7,120,000 | 13,768,000 | 60,497,000 |
| Hire Purchase and Lease Commitments | -1,000 | 1,000 | |||
| other long term liabilities | |||||
| share issue | |||||
| interest | -11,710,000 | -8,897,000 | -7,492,000 | -6,253,000 | -7,052,000 |
| cash flow from financing | -2,722,000 | 4,967,000 | 6,960,000 | 5,641,000 | 56,341,000 |
| cash and cash equivalents | |||||
| cash | -2,003,000 | 518,000 | -2,341,000 | 2,410,000 | 8,477,000 |
| overdraft | |||||
| change in cash | -2,003,000 | 518,000 | -2,341,000 | 2,410,000 | 8,477,000 |
sasa topco limited Credit Report and Business Information
Sasa Topco Limited Competitor Analysis
Perform a competitor analysis for sasa topco limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in M 1 area or any other competitors across 12 key performance metrics.
sasa topco limited Ownership
SASA TOPCO LIMITED group structure
Sasa Topco Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
SASA TOPCO LIMITED
11325326
2 subsidiaries
sasa topco limited directors
Sasa Topco Limited currently has 4 directors. The longest serving directors include Mr Ken Terry (Apr 2018) and Mr Jacovos Jacovou (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ken Terry | 60 years | Apr 2018 | - | Director | |
| Mr Jacovos Jacovou | United Kingdom | 50 years | May 2018 | - | Director |
| Mr Saad Hammad | England | 62 years | May 2018 | - | Director |
| Mr Simon Conoley | United Kingdom | 42 years | Jan 2021 | - | Director |
P&L
September 2023turnover
15.1m
+38%
operating profit
-2.8m
-54%
gross margin
23.8%
+0.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-72.7m
+0.24%
total assets
58.7m
-0.08%
cash
7.1m
-0.22%
net assets
Total assets minus all liabilities
sasa topco limited company details
company number
11325326
Type
Private limited with Share Capital
industry
79110 - Travel agency activities
incorporation date
April 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
9th floor, st james building, 61-95 oxford street, manchester, M1 6EJ
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
sasa 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 sasa topco limited.
sasa 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.
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sasa topco limited Companies House Filings - See Documents
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