apiary capital partners i investment gp llp in its capacity as general partner of apiary capital partners i investment lp
adam young
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Group Structure
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Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
5th floor, 90 fenchurch street, london, EC3M 4BY
Website
-
project phoenix topco limitedEstimated Valuation
£185.1m
Pomanda estimates the enterprise value of PROJECT PHOENIX TOPCO LIMITED at £185.1m based on a Turnover of £70.6m and 2.62x industry multiple (adjusted for size and gross margin).
project phoenix topco limitedEstimated Valuation
£73.2m
Pomanda estimates the enterprise value of PROJECT PHOENIX TOPCO LIMITED at £73.2m based on an EBITDA of £6.6m and a 11.07x industry multiple (adjusted for size and gross margin).
project phoenix topco limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of PROJECT PHOENIX TOPCO LIMITED at £0 based on Net Assets of £-41.9m and 1.27x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Project Phoenix Topco LimitedOverview
Project Phoenix Topco Limited is a live company located in london, EC3M 4BY with a Companies House number of 11839973. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2019, it's largest shareholder is
apiary capital partners i investment gp llp in its capacity as general partner of apiary capital partners i investment lp
with a 65.9% stake. Project Phoenix Topco Limited is a young,
large sized company, Pomanda has estimated its turnover at
£70.6m with
high
growth in recent years.
Pomanda's financial health check has awarded Project Phoenix Topco Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
6 Strong
1 Regular
5 Weak
Size
annual sales of £70.6m, make it larger than the average company (£19.3m)
£70.6m - Project Phoenix Topco Limited
£19.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (12.1%)
17% - Project Phoenix Topco Limited
12.1% - Industry AVG
Production
with a gross margin of 47.5%, this company has a lower cost of product (34.8%)
47.5% - Project Phoenix Topco Limited
34.8% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (4.5%)
-0.5% - Project Phoenix Topco Limited
4.5% - Industry AVG
Employees
with 372 employees, this is above the industry average (106)
372 - Project Phoenix Topco Limited
106 - Industry AVG
Pay Structure
on an average salary of £54.8k, the company has a higher pay structure (£44.9k)
£54.8k - Project Phoenix Topco Limited
£44.9k - Industry AVG
Efficiency
resulting in sales per employee of £189.7k, this is equally as efficient (£192.8k)
£189.7k - Project Phoenix Topco Limited
£192.8k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (44 days)
74 days - Project Phoenix Topco Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (43 days)
59 days - Project Phoenix Topco Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (36 days)
2 days - Project Phoenix Topco Limited
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (13 weeks)
5 weeks - Project Phoenix Topco Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 169.1%, this is a higher level of debt than the average (68.7%)
169.1% - Project Phoenix Topco Limited
68.7% - Industry AVG
PROJECT PHOENIX TOPCO LIMITED financials
EXPORT
Project Phoenix Topco Limited's latest turnover from April 2024 is £70.6 million and the company has net assets of -£41.9 million. According to their latest financial statements, Project Phoenix Topco Limited has 372 employees and maintains cash reserves of £3.7 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Turnover
70,551,000
59,813,000
50,212,000
43,865,000
45,418,000
Other Income Or Grants
Cost Of Sales
37,039,000
29,022,000
22,147,000
21,122,000
21,895,000
Gross Profit
33,512,000
30,791,000
28,065,000
22,743,000
23,523,000
Admin Expenses
33,845,000
32,312,000
29,048,000
26,880,000
36,044,000
Operating Profit
-333,000
-1,521,000
-983,000
-4,137,000
-12,521,000
Interest Payable
6,484,000
5,468,000
4,765,000
4,238,000
4,060,000
Interest Receivable
77,000
20,000
1,000
2,000
3,000
Pre-Tax Profit
-6,740,000
-6,969,000
-5,747,000
-8,373,000
-16,578,000
Tax
-488,000
-241,000
-344,000
88,000
2,862,000
Profit After Tax
-7,228,000
-7,210,000
-6,091,000
-8,285,000
-13,716,000
Dividends Paid
Retained Profit
-7,228,000
-7,210,000
-6,091,000
-8,285,000
-13,716,000
Employee Costs
20,371,000
19,406,000
17,622,000
14,483,000
13,285,000
Number Of Employees
372
323
263
245
195
EBITDA*
6,613,000
4,833,000
5,903,000
4,534,000
3,962,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Tangible Assets
398,000
697,000
1,090,000
1,509,000
471,000
Intangible Assets
31,554,000
36,801,000
31,535,000
34,054,000
39,975,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
31,952,000
37,498,000
32,625,000
35,563,000
40,446,000
Stock & work in progress
265,000
292,000
325,000
383,000
213,000
Trade Debtors
14,442,000
9,785,000
7,617,000
4,525,000
9,692,000
Group Debtors
Misc Debtors
10,286,000
10,693,000
6,120,000
5,611,000
5,219,000
Cash
3,650,000
3,874,000
3,782,000
6,364,000
4,385,000
misc current assets
total current assets
28,643,000
24,644,000
17,844,000
16,883,000
19,509,000
total assets
60,595,000
62,142,000
50,469,000
52,446,000
59,955,000
Bank overdraft
Bank loan
2,000,000
3,940,000
1,790,000
1,790,000
1,630,000
Trade Creditors
6,031,000
5,929,000
4,001,000
4,798,000
4,393,000
Group/Directors Accounts
other short term finances
hp & lease commitments
251,000
259,000
260,000
268,000
other current liabilities
26,967,000
22,607,000
15,428,000
12,541,000
14,802,000
total current liabilities
35,249,000
32,735,000
21,479,000
19,397,000
20,825,000
loans
66,721,000
61,963,000
55,244,000
52,549,000
50,855,000
hp & lease commitments
252,000
511,000
771,000
Accruals and Deferred Income
other liabilities
737,000
250,000
250,000
provisions
510,000
1,037,000
153,000
512,000
1,031,000
total long term liabilities
67,231,000
63,989,000
56,158,000
54,082,000
51,886,000
total liabilities
102,480,000
96,724,000
77,637,000
73,479,000
72,711,000
net assets
-41,885,000
-34,582,000
-27,168,000
-21,033,000
-12,756,000
total shareholders funds
-41,885,000
-34,582,000
-27,168,000
-21,033,000
-12,756,000
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Operating Activities
Operating Profit
-333,000
-1,521,000
-983,000
-4,137,000
-12,521,000
Depreciation
588,000
683,000
656,000
338,000
260,000
Amortisation
6,358,000
5,671,000
6,230,000
8,333,000
16,223,000
Tax
-488,000
-241,000
-344,000
88,000
2,862,000
Stock
-27,000
-33,000
-58,000
170,000
213,000
Debtors
4,250,000
6,741,000
3,601,000
-4,775,000
14,911,000
Creditors
102,000
1,928,000
-797,000
405,000
4,393,000
Accruals and Deferred Income
4,360,000
7,179,000
2,887,000
-2,261,000
14,802,000
Deferred Taxes & Provisions
-527,000
884,000
-359,000
-519,000
1,031,000
Cash flow from operations
5,837,000
7,875,000
3,747,000
6,852,000
11,926,000
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
-1,940,000
2,150,000
160,000
1,630,000
Group/Directors Accounts
Other Short Term Loans
Long term loans
4,758,000
6,719,000
2,695,000
1,694,000
50,855,000
Hire Purchase and Lease Commitments
-260,000
-260,000
-268,000
1,039,000
other long term liabilities
-737,000
487,000
250,000
share issue
-75,000
-204,000
-44,000
8,000
960,000
interest
-6,407,000
-5,448,000
-4,764,000
-4,236,000
-4,057,000
cash flow from financing
-4,661,000
3,444,000
-2,381,000
-1,085,000
49,388,000
cash and cash equivalents
cash
-224,000
92,000
-2,582,000
1,979,000
4,385,000
overdraft
change in cash
-224,000
92,000
-2,582,000
1,979,000
4,385,000
project phoenix 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 phoenix topco limited. Get real-time insights into project phoenix topco limited's credit score, group structure and payment trends.
Perform a competitor analysis for project phoenix topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3M area or any other competitors across 12 key performance metrics.
project phoenix topco limited Ownership
PROJECT PHOENIX TOPCO LIMITED group structure
Project Phoenix Topco Limited has 1 subsidiary company.
The largest shareholders in Project Phoenix Topco Limited include Apiary Capital Partners I Investment Gp Llp In Its Capacity As General Partner Of Apiary Capital Partners I Investment Lp and Adam Young.
apiary capital partners i investment gp llp in its capacity as general partner of apiary capital partners i investment lp
65.92%
adam young
7.57%
martin cross
6.04%
anthony parish
5.08%
peter francis
3.04%
project phoenix topco limited (treasury)
2.44%
mark thompson
2.27%
mary-lynne blackburn
1.02%
james arnold-roberts
1.02%
adrian mccann
1.01%
project phoenix topco limited directors
Project Phoenix Topco Limited currently has 8 directors.
The longest serving directors include
Ms Nicola Boyd (Feb 2019) and
Mr Mark Salter (Feb 2019).
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
February 2019
age
6
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
5th floor, 90 fenchurch street, london, EC3M 4BY
Bank
-
Legal Advisor
-
project phoenix 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 project phoenix topco limited.
project phoenix 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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project phoenix topco limitedCompanies House Filings - See Documents
