ultima topco limited
ultima topco limited Company Information
Company Number
12027928
Next Accounts
Dec 2025
Shareholders
apse capital bridge fund lp acting by its general partner apse capital bridge fund gp co. limited
max seddon mcneill
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
Website
-ultima topco limited Estimated Valuation
Pomanda estimates the enterprise value of ULTIMA TOPCO LIMITED at £87.7m based on a Turnover of £82.8m and 1.06x industry multiple (adjusted for size and gross margin).
ultima topco limited Estimated Valuation
Pomanda estimates the enterprise value of ULTIMA TOPCO LIMITED at £46.7m based on an EBITDA of £5.6m and a 8.38x industry multiple (adjusted for size and gross margin).
ultima topco limited Estimated Valuation
Pomanda estimates the enterprise value of ULTIMA TOPCO LIMITED at £0 based on Net Assets of £-25.1m and 2.11x industry multiple (adjusted for liquidity).
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Ultima Topco Limited Overview
Ultima Topco Limited is a live company located in cheshire, WA14 2DT with a Companies House number of 12027928. It operates in the activities of head offices sector, SIC Code 70100. Founded in June 2019, it's largest shareholder is apse capital bridge fund lp acting by its general partner apse capital bridge fund gp co. limited with a 61.6% stake. Ultima Topco Limited is a young, large sized company, Pomanda has estimated its turnover at £82.8m with declining growth in recent years.
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Ultima Topco Limited Health Check
Pomanda's financial health check has awarded Ultima Topco Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £82.8m, make it larger than the average company (£20.3m)
£82.8m - Ultima Topco Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (8.9%)
-7% - Ultima Topco Limited
8.9% - Industry AVG
Production
with a gross margin of 30.1%, this company has a comparable cost of product (33.3%)
30.1% - Ultima Topco Limited
33.3% - Industry AVG
Profitability
an operating margin of 3.5% make it less profitable than the average company (5.8%)
3.5% - Ultima Topco Limited
5.8% - Industry AVG
Employees
with 477 employees, this is above the industry average (115)
477 - Ultima Topco Limited
115 - Industry AVG
Pay Structure
on an average salary of £74.6k, the company has a higher pay structure (£48.8k)
£74.6k - Ultima Topco Limited
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £173.5k, this is equally as efficient (£196.5k)
£173.5k - Ultima Topco Limited
£196.5k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (44 days)
94 days - Ultima Topco Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 197 days, this is slower than average (42 days)
197 days - Ultima Topco Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ultima Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (16 weeks)
14 weeks - Ultima Topco Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 126.6%, this is a higher level of debt than the average (54.7%)
126.6% - Ultima Topco Limited
54.7% - Industry AVG
ULTIMA TOPCO LIMITED financials
Ultima Topco Limited's latest turnover from March 2024 is £82.8 million and the company has net assets of -£25.1 million. According to their latest financial statements, Ultima Topco Limited has 477 employees and maintains cash reserves of £10.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Turnover | 82,753,000 | 85,191,000 | 114,152,000 | 104,242,000 | 81,887,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | 57,865,000 | 61,458,000 | 93,822,000 | 85,999,000 | 68,833,000 |
| Gross Profit | 24,888,000 | 23,733,000 | 20,330,000 | 18,243,000 | 13,054,000 |
| Admin Expenses | 22,004,000 | 19,717,000 | 25,560,000 | 19,601,000 | 13,490,000 |
| Operating Profit | 2,884,000 | 4,016,000 | -5,230,000 | -1,358,000 | -436,000 |
| Interest Payable | 8,262,000 | 7,509,000 | 6,014,000 | 3,744,000 | 2,743,000 |
| Interest Receivable | 88,000 | 17,000 | 1,000 | ||
| Pre-Tax Profit | -5,290,000 | -3,476,000 | -11,244,000 | -5,102,000 | -3,178,000 |
| Tax | 96,000 | -325,000 | -91,000 | -585,000 | -346,000 |
| Profit After Tax | -5,194,000 | -3,801,000 | -11,335,000 | -5,687,000 | -3,524,000 |
| Dividends Paid | |||||
| Retained Profit | -5,194,000 | -3,801,000 | -11,335,000 | -5,687,000 | -3,524,000 |
| Employee Costs | 35,568,000 | 31,982,000 | 27,780,000 | 22,937,000 | 16,155,000 |
| Number Of Employees | 477 | 443 | 417 | 348 | 375 |
| EBITDA* | 5,574,000 | 6,360,000 | 2,258,000 | 3,644,000 | 3,139,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,454,000 | 1,614,000 | 1,766,000 | 1,714,000 | 2,275,000 |
| Intangible Assets | 54,895,000 | 56,235,000 | 51,087,000 | 57,077,000 | 39,462,000 |
| Investments & Other | 6,000 | ||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 56,349,000 | 57,849,000 | 52,853,000 | 58,791,000 | 41,743,000 |
| Stock & work in progress | 314,000 | 229,000 | |||
| Trade Debtors | 21,423,000 | 15,784,000 | 20,928,000 | 15,080,000 | 18,430,000 |
| Group Debtors | |||||
| Misc Debtors | 5,943,000 | 5,653,000 | 4,860,000 | 3,469,000 | 2,846,000 |
| Cash | 10,385,000 | 6,945,000 | 8,902,000 | 2,537,000 | 6,233,000 |
| misc current assets | |||||
| total current assets | 37,751,000 | 28,382,000 | 34,690,000 | 21,400,000 | 27,738,000 |
| total assets | 94,100,000 | 86,231,000 | 87,543,000 | 80,191,000 | 69,481,000 |
| Bank overdraft | 32,000 | ||||
| Bank loan | 10,570,000 | 1,140,000 | |||
| Trade Creditors | 31,242,000 | 24,150,000 | 17,549,000 | 11,818,000 | 16,774,000 |
| Group/Directors Accounts | 21,000 | ||||
| other short term finances | 5,939,000 | ||||
| hp & lease commitments | 703,000 | 712,000 | |||
| other current liabilities | 5,010,000 | 3,865,000 | 17,743,000 | 12,000,000 | 9,016,000 |
| total current liabilities | 36,955,000 | 28,759,000 | 35,292,000 | 40,327,000 | 26,951,000 |
| loans | 164,302,000 | 154,366,000 | 58,237,000 | 39,035,000 | 42,951,000 |
| hp & lease commitments | 2,881,000 | 3,520,000 | |||
| Accruals and Deferred Income | 10,149,000 | 5,452,000 | 2,159,000 | ||
| other liabilities | |||||
| provisions | 130,000 | 274,000 | 27,000 | 7,000 | |
| total long term liabilities | 82,216,000 | 77,320,000 | 68,413,000 | 44,487,000 | 45,117,000 |
| total liabilities | 119,171,000 | 106,079,000 | 103,705,000 | 84,814,000 | 72,068,000 |
| net assets | -25,071,000 | -19,848,000 | -16,162,000 | -4,623,000 | -2,587,000 |
| total shareholders funds | -25,071,000 | -19,848,000 | -16,162,000 | -4,623,000 | -2,587,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 2,884,000 | 4,016,000 | -5,230,000 | -1,358,000 | -436,000 |
| Depreciation | 1,168,000 | 1,131,000 | 312,000 | 617,000 | 785,000 |
| Amortisation | 1,522,000 | 1,213,000 | 7,176,000 | 4,385,000 | 2,790,000 |
| Tax | 96,000 | -325,000 | -91,000 | -585,000 | -346,000 |
| Stock | -314,000 | 85,000 | 229,000 | ||
| Debtors | 5,929,000 | -4,351,000 | 7,239,000 | -2,727,000 | 21,276,000 |
| Creditors | 7,092,000 | 6,601,000 | 5,731,000 | -4,956,000 | 16,774,000 |
| Accruals and Deferred Income | 1,145,000 | -24,027,000 | 10,440,000 | 6,277,000 | 11,175,000 |
| Deferred Taxes & Provisions | -144,000 | 247,000 | 27,000 | -7,000 | 7,000 |
| Cash flow from operations | 7,834,000 | -6,793,000 | 11,440,000 | 7,015,000 | 9,244,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -6,000 | 6,000 | |||
| cash flow from investments | 6,000 | -6,000 | |||
| Financing Activities | |||||
| Bank loans | -10,570,000 | 9,430,000 | 1,140,000 | ||
| Group/Directors Accounts | -21,000 | 21,000 | |||
| Other Short Term Loans | -5,939,000 | 5,939,000 | |||
| Long term loans | 9,936,000 | 96,129,000 | 19,202,000 | -3,916,000 | 42,951,000 |
| Hire Purchase and Lease Commitments | -648,000 | 4,232,000 | |||
| other long term liabilities | |||||
| share issue | |||||
| interest | -8,174,000 | -7,492,000 | -6,014,000 | -3,744,000 | -2,742,000 |
| cash flow from financing | 1,085,000 | 92,984,000 | -3,525,000 | 11,339,000 | 42,307,000 |
| cash and cash equivalents | |||||
| cash | 3,440,000 | -1,957,000 | 6,365,000 | -3,696,000 | 6,233,000 |
| overdraft | -32,000 | 32,000 | |||
| change in cash | 3,472,000 | -1,989,000 | 6,365,000 | -3,696,000 | 6,233,000 |
ultima topco limited Credit Report and Business Information
Ultima Topco Limited Competitor Analysis
Perform a competitor analysis for ultima topco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in WA14 area or any other competitors across 12 key performance metrics.
ultima topco limited Ownership
ULTIMA TOPCO LIMITED group structure
Ultima Topco Limited has 2 subsidiary companies.
Ultimate parent company
ULTIMA TOPCO LIMITED
12027928
2 subsidiaries
ultima topco limited directors
Ultima Topco Limited currently has 6 directors. The longest serving directors include Mr Timothy Green (Jun 2019) and Mr Vikram Krishna (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Green | United Kingdom | 62 years | Jun 2019 | - | Director |
| Mr Vikram Krishna | United Kingdom | 48 years | Jun 2019 | - | Director |
| Mr Peter Dodds | United Kingdom | 61 years | Jul 2019 | - | Director |
| Mr Max McNeill | England | 63 years | Jul 2019 | - | Director |
| Mr Ian McKenzie | England | 74 years | Jun 2020 | - | Director |
| Mr Samuel Booth | England | 39 years | Mar 2021 | - | Director |
P&L
March 2024turnover
82.8m
-3%
operating profit
2.9m
-28%
gross margin
30.1%
+7.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-25.1m
+0.26%
total assets
94.1m
+0.09%
cash
10.4m
+0.5%
net assets
Total assets minus all liabilities
ultima topco limited company details
company number
12027928
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
June 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
CROWE U K LLP
address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
Bank
-
Legal Advisor
-
ultima 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 ultima topco limited.
ultima 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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ultima topco limited Companies House Filings - See Documents
| date | description | view/download |
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