Zenith Asset Holdings Limited
Registered name: ZENITH ASSET HOLDINGS LIMITED
Part of Finbora Group Limited groupZenith Asset Holdings Limited made £38.3m revenue and £1.3m profit in the year to 30 Jun 2024. read from filing text
Zenith Asset Holdings Limited’s revenue fell 47% to £38.3m in the year to 30 Jun 2024, with £1.3m profit and 0 employees. The company is classified under “activities of other holding companies” and is based in Glasgow; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 9 yrs · since 2017
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The immediate parent company is UK Debt Expert Group Limited, a company incorporated in the UK whose registered office is as follows:”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2023 | 30 Jun 2024 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £72m | £38.3m |
| Cost of sales | £45.8m | £25.4m |
| Gross profit | £26.2m | £12.9m |
| Operating profit | £5.6m | £9.2m |
| Profit before tax | −£4.6m | £2.4m |
| Profit after tax | −£4.4m | £1.3m |
| Profit (best available) | −£4.4m | £1.3m |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | −6.1% | 3.3% |
| Gross margin | 36.4% | 33.7% |
| Growth (year on year) | ||
| Revenue growth | — | ▼46.8% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £3.6m | £2.7m |
| Net assets | £19.8m | £21.1m |
| Current assets | £142m | £105m |
| Debtors | £20m | £0 |
| Deferred income | −£8.8m | −£1.4m |
| Source | FullAccounts · bulk data Jun 2026 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 3.3%
- Profit ÷ revenue.
- Gross margin
- 33.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- −3.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲6%
- Now £21.1m
- Cash at bank
- ▼25%
- Now £2.7m
- Headcount
- —
- Now 0
- Deferred income
- —
- Now −£1.4m
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Finbora Group Limitedultimate parent75–100%
- UK Debt Expert Group Limited75–100%
- Zenith Asset Holdings Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Ebenegate UK LimitedFigures not disclosed
- Nextpath Finance LimitedFigures not disclosed
- The Lead Mint LimitedActive - Proposal to Strike offFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Jun 2024 (profit £1.3m), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.