thetis topco limited
thetis topco limited Company Information
Company Number
13167752
Next Accounts
Dec 2025
Shareholders
mprc europe ltd
william thomas dawson
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
ropemaker place, 28 ropemaker street, london, EC2Y 9HD
Website
-thetis topco limited Estimated Valuation
Pomanda estimates the enterprise value of THETIS TOPCO LIMITED at £617.6m based on a Turnover of £216.8m and 2.85x industry multiple (adjusted for size and gross margin).
thetis topco limited Estimated Valuation
Pomanda estimates the enterprise value of THETIS TOPCO LIMITED at £371.3m based on an EBITDA of £31.2m and a 11.9x industry multiple (adjusted for size and gross margin).
thetis topco limited Estimated Valuation
Pomanda estimates the enterprise value of THETIS TOPCO LIMITED at £0 based on Net Assets of £-133.1m and 1.31x industry multiple (adjusted for liquidity).
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Thetis Topco Limited Overview
Thetis Topco Limited is a live company located in london, EC2Y 9HD with a Companies House number of 13167752. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in January 2021, it's largest shareholder is mprc europe ltd with a 82.8% stake. Thetis Topco Limited is a startup, mega sized company, Pomanda has estimated its turnover at £216.8m with unknown growth in recent years.
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Thetis Topco Limited Health Check
Pomanda's financial health check has awarded Thetis Topco Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £216.8m, make it larger than the average company (£19.1m)
£216.8m - Thetis Topco Limited
£19.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Thetis Topco Limited
- - Industry AVG
Production
with a gross margin of 48.1%, this company has a lower cost of product (34.9%)
48.1% - Thetis Topco Limited
34.9% - Industry AVG
Profitability
an operating margin of -12.9% make it less profitable than the average company (4.6%)
-12.9% - Thetis Topco Limited
4.6% - Industry AVG
Employees
with 934 employees, this is above the industry average (105)
934 - Thetis Topco Limited
105 - Industry AVG
Pay Structure
on an average salary of £54.5k, the company has a higher pay structure (£44.5k)
£54.5k - Thetis Topco Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £232.1k, this is more efficient (£190.5k)
£232.1k - Thetis Topco Limited
£190.5k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is later than average (45 days)
54 days - Thetis Topco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is close to average (43 days)
41 days - Thetis Topco Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (34 days)
7 days - Thetis Topco Limited
34 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (14 weeks)
8 weeks - Thetis Topco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 137.2%, this is a higher level of debt than the average (68.7%)
137.2% - Thetis Topco Limited
68.7% - Industry AVG
THETIS TOPCO LIMITED financials
Thetis Topco Limited's latest turnover from March 2024 is £216.8 million and the company has net assets of -£133.1 million. According to their latest financial statements, Thetis Topco Limited has 934 employees and maintains cash reserves of £8.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Turnover | 216,810,000 | 130,962,000 | 77,821,000 |
| Other Income Or Grants | |||
| Cost Of Sales | 112,570,000 | 69,452,000 | 43,421,000 |
| Gross Profit | 104,240,000 | 61,510,000 | 34,400,000 |
| Admin Expenses | 132,304,000 | 80,351,000 | 51,330,000 |
| Operating Profit | -28,064,000 | -18,841,000 | -16,930,000 |
| Interest Payable | 49,345,000 | 27,353,000 | 15,133,000 |
| Interest Receivable | 35,000 | 2,000 | |
| Pre-Tax Profit | -77,374,000 | -46,192,000 | -32,063,000 |
| Tax | 1,571,000 | -64,000 | -171,000 |
| Profit After Tax | -75,803,000 | -46,256,000 | -32,234,000 |
| Dividends Paid | |||
| Retained Profit | -75,803,000 | -46,256,000 | -32,234,000 |
| Employee Costs | 50,899,000 | 27,073,000 | 17,079,000 |
| Number Of Employees | 934 | 669 | 316 |
| EBITDA* | 31,186,000 | 23,523,000 | 10,388,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Tangible Assets | 4,653,000 | 5,552,000 | 4,779,000 |
| Intangible Assets | 288,129,000 | 243,622,000 | 232,444,000 |
| Investments & Other | |||
| Debtors (Due After 1 year) | 614,000 | 906,000 | 383,000 |
| Total Fixed Assets | 293,396,000 | 250,080,000 | 237,606,000 |
| Stock & work in progress | 2,451,000 | 2,388,000 | 1,083,000 |
| Trade Debtors | 32,467,000 | 18,932,000 | 10,538,000 |
| Group Debtors | |||
| Misc Debtors | 20,527,000 | 13,827,000 | 8,563,000 |
| Cash | 8,873,000 | 7,425,000 | 5,237,000 |
| misc current assets | |||
| total current assets | 64,318,000 | 42,572,000 | 25,421,000 |
| total assets | 357,714,000 | 292,652,000 | 263,027,000 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 12,821,000 | 9,797,000 | 8,130,000 |
| Group/Directors Accounts | |||
| other short term finances | 7,000,000 | 4,500,000 | |
| hp & lease commitments | 140,000 | 153,000 | 108,000 |
| other current liabilities | 36,441,000 | 25,383,000 | 16,215,000 |
| total current liabilities | 56,402,000 | 39,833,000 | 24,453,000 |
| loans | 434,268,000 | 319,360,000 | 263,371,000 |
| hp & lease commitments | 183,000 | 412,000 | 267,000 |
| Accruals and Deferred Income | 191,000 | ||
| other liabilities | |||
| provisions | 837,000 | 293,000 | |
| total long term liabilities | 434,451,000 | 320,800,000 | 263,931,000 |
| total liabilities | 490,853,000 | 360,633,000 | 288,384,000 |
| net assets | -133,139,000 | -67,981,000 | -25,357,000 |
| total shareholders funds | -133,139,000 | -67,981,000 | -25,357,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -28,064,000 | -18,841,000 | -16,930,000 |
| Depreciation | 1,384,000 | 1,600,000 | 1,827,000 |
| Amortisation | 57,866,000 | 40,764,000 | 25,491,000 |
| Tax | 1,571,000 | -64,000 | -171,000 |
| Stock | 63,000 | 1,305,000 | 1,083,000 |
| Debtors | 19,943,000 | 14,181,000 | 19,484,000 |
| Creditors | 3,024,000 | 1,667,000 | 8,130,000 |
| Accruals and Deferred Income | 10,867,000 | 9,359,000 | 16,215,000 |
| Deferred Taxes & Provisions | -837,000 | 544,000 | 293,000 |
| Cash flow from operations | 25,805,000 | 19,543,000 | 14,288,000 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | 2,500,000 | 4,500,000 | |
| Long term loans | 114,908,000 | 55,989,000 | 263,371,000 |
| Hire Purchase and Lease Commitments | -242,000 | 190,000 | 375,000 |
| other long term liabilities | |||
| share issue | |||
| interest | -49,310,000 | -27,351,000 | -15,133,000 |
| cash flow from financing | 78,501,000 | 36,960,000 | 255,490,000 |
| cash and cash equivalents | |||
| cash | 1,448,000 | 2,188,000 | 5,237,000 |
| overdraft | |||
| change in cash | 1,448,000 | 2,188,000 | 5,237,000 |
thetis topco limited Credit Report and Business Information
Thetis Topco Limited Competitor Analysis
Perform a competitor analysis for thetis topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC2Y area or any other competitors across 12 key performance metrics.
thetis topco limited Ownership
THETIS TOPCO LIMITED group structure
Thetis Topco Limited has no subsidiary companies.
Ultimate parent company
MACQUARIE GROUP LTD
#0060893
2 parents
THETIS TOPCO LIMITED
13167752
thetis topco limited directors
Thetis Topco Limited currently has 7 directors. The longest serving directors include Mr Adam Joseph (Feb 2021) and Mr Stewart Motler (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Joseph | 44 years | Feb 2021 | - | Director | |
| Mr Stewart Motler | England | 48 years | May 2021 | - | Director |
| Mr Philip Grannum | United Kingdom | 56 years | May 2021 | - | Director |
| Mr William Dawson | United Kingdom | 62 years | May 2021 | - | Director |
| Mr Stewart Motler | United Kingdom | 48 years | May 2021 | - | Director |
| Mrs Venetia Cooper | England | 50 years | Apr 2022 | - | Director |
| Mr Hugo Strachan | United Kingdom | 35 years | Feb 2023 | - | Director |
P&L
March 2024turnover
216.8m
+66%
operating profit
-28.1m
+49%
gross margin
48.1%
+2.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-133.1m
+0.96%
total assets
357.7m
+0.22%
cash
8.9m
+0.2%
net assets
Total assets minus all liabilities
Similar Companies
thetis topco limited company details
company number
13167752
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
January 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
herman pik holdco limited (May 2021)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
ropemaker place, 28 ropemaker street, london, EC2Y 9HD
Bank
-
Legal Advisor
-
thetis 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 thetis topco limited.
thetis 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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thetis topco limited Companies House Filings - See Documents
| date | description | view/download |
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