ZELUS SPORT LIMITED
Opportunity 70/100 (strong), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
Refinance opportunity
6 live charges · 3 lenders · oldest 7.6y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 7.6 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
- · Not currently profitable — coverage conversation is a harder sell.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Turnover | £26.40M | £10.60M |
| Gross profit | £8.63M | £3.11M |
| Operating profit | £136.2k | £1.15M |
| Profit before tax | £-1.97M | £-825.5k |
| Average employees | 5000 | 4300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
- • 1 confirmation-statement
Corporate timeline (56 events)Click to expand
- 2025-06-27📄accounts-with-accounts-type-fullaccounts · AA
- 2025-03-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-05🔒Charge registered #6Lender: Blazehill Credit Opportunities Limited
- 2025-02-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-02-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-02-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-21➕WINTERBOTTOM, Glyn appointeddirector
- 2025-01-21➕WRIGHT, Conor Samuel appointeddirector
- 2025-01-21➖HOYT, Hubertus Georg resigneddirector
- 2025-01-02📄resolutionresolution · RESOLUTIONS
- 2024-12-28📄memorandum-articlesincorporation · MA
- 2024-12-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-17➖VIERGUTZ, Marina Nitsa resigneddirector
- 2024-12-17🔒Charge registered #5Lender: Blazehill Credit Opportunities Limited
- 2024-12-02📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-24🔒Charge registered #4Lender: Fgi Worldwide Llc
- 2024-08-23➕VIERGUTZ, Marina Nitsa appointeddirector
- 2024-08-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-08-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-31➖KUESSNER, Michael Bernd resigneddirector
- 2024-06-28📄accounts-with-accounts-type-fullaccounts · AA
- 2024-06-20📄capital-name-of-class-of-sharescapital · SH08
- 2024-03-26📄change-person-director-company-with-change-dateofficers · CH01
- 2023-11-21📄memorandum-articlesincorporation · MA
- 2023-11-21📄resolutionresolution · RESOLUTIONS
- 2023-11-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-16🔒Charge registered #3Lender: Fgi Worldwide Llc
- 2023-11-16🔒Charge registered #2Lender: Fgi Worldwide Llc
- 2021-12-01➕WILLIAMS, Alexander appointedsecretary
- 2021-11-30➖ABOGADO NOMINEES LIMITED resignedcorporate-secretary
- 2021-06-27➖KASSAMALI, Reyaz Alim resigneddirector
- 2021-06-01➕HOYT, Hubertus Georg appointeddirector
- 2019-09-16➕SEALES, David William James appointeddirector
- 2019-08-21➖DAGUIN, Clement resigneddirector
- 2019-08-21➖DALY, David John resigneddirector
- 2019-08-21➕KASSAMALI, Reyaz Alim appointeddirector
- 2019-08-21➕KUESSNER, Michael Bernd appointeddirector
- 2019-08-21➖TUCKER, David Frederick resigneddirector
- 2019-08-21➖TUCKER, Robert James resigneddirector
- 2019-08-21➖WOOD, Anthony James Mark resigneddirector
- 2019-08-20➕ABOGADO NOMINEES LIMITED appointedcorporate-secretary
- 2019-08-13🔓Charge satisfied #1
- 2018-11-26➖MELLOR, Anthony John resigneddirector
- 2018-11-26➕WOOD, Anthony James Mark appointeddirector
- 2018-10-17🔒Charge registered #1Lender: Hsbc UK Bank PLC
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
1 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Zelus Sport Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Zelus Sport Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 21/08/2019 |
4 historic (ceased) PSCs
- Mr Christopher Charles Hughesceased 21/08/2019· significant influence · trust interest
- Mr Jonathan Rhys Ebsworthceased 21/08/2019· significant influence · trust interest
- Mr Clement Daguinceased 21/08/2019· significant influence · trust interest
- Dewhirst Group Limitedceased 21/08/2019· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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9 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Registered office
Filing status
Officers (4 active · 11 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Blazehill Credit Opportunities Blazehill Credit Opportunities Limited | A registered charge | — | 05/03/2025 | — | |
| outstanding | Blazehill Credit Opportunities Blazehill Credit Opportunities Limited | A registered charge | — | 17/12/2024 | — | |
| outstanding | Fgi Worldwide Fgi Worldwide Llc | A registered charge | — | 24/09/2024 | — | |
| outstanding | Fgi Worldwide Fgi Worldwide Llc | A registered charge | — | 16/11/2023 | — | |
| outstanding | Fgi Worldwide Fgi Worldwide Llc | A registered charge | 1 property | 16/11/2023 | — | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 17/10/2018 | 13/08/2019 |