picasso topco limited
picasso topco limited Company Information
Company Number
13922506
Next Accounts
May 2025
Shareholders
be vi nominees limited
equistone partners europe reinvestment scsp
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
unit 315 fort dunlop, fort parkway, birmingham, B24 9FD
Website
-picasso topco limited Estimated Valuation
Pomanda estimates the enterprise value of PICASSO TOPCO LIMITED at £538.6m based on a Turnover of £162.9m and 3.31x industry multiple (adjusted for size and gross margin).
picasso topco limited Estimated Valuation
Pomanda estimates the enterprise value of PICASSO TOPCO LIMITED at £0 based on an EBITDA of £-38.2m and a 13.82x industry multiple (adjusted for size and gross margin).
picasso topco limited Estimated Valuation
Pomanda estimates the enterprise value of PICASSO TOPCO LIMITED at £0 based on Net Assets of £-95m and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Picasso Topco Limited Overview
Picasso Topco Limited is a live company located in birmingham, B24 9FD with a Companies House number of 13922506. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2022, it's largest shareholder is be vi nominees limited with a 69.5% stake. Picasso Topco Limited is a startup, mega sized company, Pomanda has estimated its turnover at £162.9m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Picasso Topco Limited Health Check
Pomanda's financial health check has awarded Picasso Topco Limited a 2.5 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
1 Regular
5 Weak
Size
annual sales of £162.9m, make it larger than the average company (£18.7m)
£162.9m - Picasso Topco Limited
£18.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Picasso Topco Limited
- - Industry AVG
Production
with a gross margin of 61.2%, this company has a lower cost of product (34.9%)
61.2% - Picasso Topco Limited
34.9% - Industry AVG
Profitability
an operating margin of -26.2% make it less profitable than the average company (4.7%)
-26.2% - Picasso Topco Limited
4.7% - Industry AVG
Employees
with 1210 employees, this is above the industry average (102)
1210 - Picasso Topco Limited
102 - Industry AVG
Pay Structure
on an average salary of £56.1k, the company has a higher pay structure (£42.6k)
£56.1k - Picasso Topco Limited
£42.6k - Industry AVG
Efficiency
resulting in sales per employee of £134.6k, this is less efficient (£185.5k)
£134.6k - Picasso Topco Limited
£185.5k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is later than average (45 days)
73 days - Picasso Topco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 113 days, this is slower than average (45 days)
113 days - Picasso Topco Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Picasso Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (14 weeks)
13 weeks - Picasso Topco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 124.1%, this is a higher level of debt than the average (69%)
124.1% - Picasso Topco Limited
69% - Industry AVG
PICASSO TOPCO LIMITED financials
Picasso Topco Limited's latest turnover from August 2023 is £162.9 million and the company has net assets of -£95 million. According to their latest financial statements, Picasso Topco Limited has 1,210 employees and maintains cash reserves of £10.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | |
|---|---|---|
| Turnover | 162,871,000 | 73,834,000 |
| Other Income Or Grants | ||
| Cost Of Sales | 63,267,000 | 29,192,000 |
| Gross Profit | 99,604,000 | 44,642,000 |
| Admin Expenses | 142,210,000 | 50,056,000 |
| Operating Profit | -42,606,000 | -5,414,000 |
| Interest Payable | 43,344,000 | 16,994,000 |
| Interest Receivable | 891,000 | |
| Pre-Tax Profit | -85,033,000 | -22,758,000 |
| Tax | 4,759,000 | 434,000 |
| Profit After Tax | -80,274,000 | -22,324,000 |
| Dividends Paid | ||
| Retained Profit | -80,274,000 | -22,324,000 |
| Employee Costs | 67,832,000 | 34,287,000 |
| Number Of Employees | 1,210 | 1,137 |
| EBITDA* | -38,214,000 | -3,530,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | |
|---|---|---|
| Tangible Assets | 12,457,000 | 12,948,000 |
| Intangible Assets | 322,861,000 | 363,201,000 |
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 335,318,000 | 376,149,000 |
| Stock & work in progress | ||
| Trade Debtors | 32,590,000 | 36,071,000 |
| Group Debtors | ||
| Misc Debtors | 8,240,000 | 7,844,000 |
| Cash | 10,131,000 | 13,213,000 |
| misc current assets | 7,787,000 | 6,084,000 |
| total current assets | 58,748,000 | 63,212,000 |
| total assets | 394,066,000 | 439,361,000 |
| Bank overdraft | ||
| Bank loan | 2,141,000 | 1,350,000 |
| Trade Creditors | 19,751,000 | 20,446,000 |
| Group/Directors Accounts | ||
| other short term finances | 1,182,000 | 1,066,000 |
| hp & lease commitments | 1,879,000 | 1,772,000 |
| other current liabilities | 15,052,000 | 17,113,000 |
| total current liabilities | 40,005,000 | 41,747,000 |
| loans | 827,624,000 | 756,650,000 |
| hp & lease commitments | 5,720,000 | 5,417,000 |
| Accruals and Deferred Income | ||
| other liabilities | ||
| provisions | 70,584,000 | 78,300,000 |
| total long term liabilities | 449,104,000 | 417,475,000 |
| total liabilities | 489,109,000 | 459,222,000 |
| net assets | -95,043,000 | -19,861,000 |
| total shareholders funds | -95,043,000 | -19,861,000 |
| Aug 2023 | Aug 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -42,606,000 | -5,414,000 |
| Depreciation | 4,392,000 | 1,884,000 |
| Amortisation | ||
| Tax | 4,759,000 | 434,000 |
| Stock | ||
| Debtors | -3,085,000 | 43,915,000 |
| Creditors | -695,000 | 20,446,000 |
| Accruals and Deferred Income | -2,061,000 | 17,113,000 |
| Deferred Taxes & Provisions | -7,716,000 | 78,300,000 |
| Cash flow from operations | -40,842,000 | 68,848,000 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 791,000 | 1,350,000 |
| Group/Directors Accounts | ||
| Other Short Term Loans | 116,000 | 1,066,000 |
| Long term loans | 70,974,000 | 756,650,000 |
| Hire Purchase and Lease Commitments | 410,000 | 7,189,000 |
| other long term liabilities | ||
| share issue | ||
| interest | -42,453,000 | -16,994,000 |
| cash flow from financing | 34,930,000 | 751,724,000 |
| cash and cash equivalents | ||
| cash | -3,082,000 | 13,213,000 |
| overdraft | ||
| change in cash | -3,082,000 | 13,213,000 |
picasso topco limited Credit Report and Business Information
Picasso Topco Limited Competitor Analysis
Perform a competitor analysis for picasso topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in B24 area or any other competitors across 12 key performance metrics.
picasso topco limited Ownership
PICASSO TOPCO LIMITED group structure
Picasso Topco Limited has no subsidiary companies.
Ultimate parent company
PICASSO TOPCO LIMITED
13922506
picasso topco limited directors
Picasso Topco Limited currently has 8 directors. The longest serving directors include Mrs Emma Watford (Feb 2022) and Mr Kyle Johnston (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Emma Watford | England | 47 years | Feb 2022 | - | Director |
| Mr Kyle Johnston | England | 37 years | Feb 2022 | - | Director |
| Mr Mark Lovett | England | 51 years | Mar 2022 | - | Director |
| Mr Ajay Awatramani | England | 48 years | May 2022 | - | Director |
| Mr Christopher Eccleshare | 69 years | Jul 2022 | - | Director | |
| Mr Martin Dunn | United Kingdom | 54 years | May 2024 | - | Director |
| Mr Andrew Swinand | United Kingdom | 57 years | Jul 2024 | - | Director |
| Mr Cormac O'Shea | United Kingdom | 52 years | Jan 2025 | - | Director |
P&L
August 2023turnover
162.9m
+121%
operating profit
-42.6m
+687%
gross margin
61.2%
+1.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-95m
+3.79%
total assets
394.1m
-0.1%
cash
10.1m
-0.23%
net assets
Total assets minus all liabilities
Similar Companies
picasso topco limited company details
company number
13922506
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
February 2022
age
3
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON UK LLP
address
unit 315 fort dunlop, fort parkway, birmingham, B24 9FD
Bank
-
Legal Advisor
-
picasso 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 picasso topco limited.
picasso 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.
Click to start generating capital raising & share issue transactions for PICASSO TOPCO LIMITED. This can take several minutes, an email will notify you when this has completed.
picasso topco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
