ZEPHYR MIDCO 2 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-17 (in 1y)
Last made up 2026-05-03
Watchouts
None on the register
Cash
£60M
+31.7% vs 2023
Net assets
£1B
-4.4% vs 2023
Employees
1,366
+5.9% vs 2023
Profit before tax
-£91M
+32.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £451,523,000 | £527,711,000 | |
| Operating profit | -£23,345,000 | -£1,302,000 | |
| Profit before tax | -£134,978,000 | -£90,631,000 | |
| Net profit | -£106,109,000 | -£70,296,000 | |
| Cash | £45,236,000 | £59,588,000 | |
| Total assets less current liabilities | £2,369,370,000 | £2,277,558,000 | |
| Net assets | £1,163,070,000 | £1,112,284,000 | |
| Equity | £1,163,070,000 | £1,112,284,000 | |
| Average employees | 1,290 | 1,366 | |
| Wages | £74,331,000 | £86,194,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -5.2% | -0.2% | |
| Net margin | -23.5% | -13.3% | |
| Return on capital employed | -1.0% | -0.1% | |
| Gearing (liabilities / total assets) | 53.0% | 53.6% | |
| Current ratio | 1.19x | 1.24x | |
| Interest cover | -0.18x | -0.01x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- ZEPHYR MIDCO 2 LIMITED · parent
- Zephyr Bidco Limited 100%
- ZPG Limited 100%
- ZPG Property Services Holdings Limited 100%
- Houseful Limited 100%
- ZPG Comparison Services Holdings Limited 100%
- RVU Limited 100%
- Zoopla Limited 100%
- Yourkeys Technology Limited 100%
- Zoopla Printing Services Limited 100%
- W New Holdings Limited 100%
- Websky Limited 100%
- TechnicWeb Limited 100%
- Uswitch Limited 100%
- Property Software Holdings Limited 100%
- Jupix Limited 100%
- Property Software Limited 100%
- Core Estates Limited 100%
- CFP Software Limited 100%
- Vebra Investments Limited 100%
- Vebra Limited 100%
- Vebra Solutions Limited 100%
- Hometrack.co.uk Limited 100%
- Hometrack Data Systems Limited 100%
- Hometrack MLS Limited 100%
- ZPG Property Services Limited 100%
- Calcasa B.V. 100%
- Penguin Portals Limited 100%
- Rastreator.com Limited 100%
- Inspop.com Limited 100%
- Dot Zinc Holdings Limited 100%
- Dot Zinc Limited 100%
- Life's Great Group Limited 100%
- Life's Great Limited 100%
- Life's Great Tech Limited 100%
- Tempcover Holdings Limited 100%
- Temporary Cover Limited 100%
- Tempcover Limited 100%
- RVU Services Limited 100%
- Salesseek Limited 100%
- PSG Web Services Limited 100%
- Real Estate Technology Limited 100%
- Confused.com Limited 100%
Significant events
- “In May 2024, the Group launched a debt transaction to reduce the margin on its EUR and GBP term loans. The margin on the GBP term loan was reduced from 6.0% to 5.5% and the margin on the EUR term loan was reduced from 5.0% to 4.25%.”
- “In October 2024, the Group launched another debt transaction to restructure its existing debt stack and further reduce the margin on its EUR term loan. The Group raised an €84.0 million (£70.3 million) add-on to its Euro term loan and repaid its Second Lien of £70.0 million. The margin on the EUR term loan was reduced further from 4.25% to 3.75%.”
- “On 19 September 2024, the Group entered into a derivative instrument to hedge its exposure to fluctuations in the EUR: GBP exchange rate on the principle of its Euro denominated term loan.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRYANT, Charles Roy | Director | 2020-03-06 | Mar 1970 | British |
| STAFLEU, Chrisna Marie | Director | 2024-02-01 | Jun 1990 | Canadian,British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EDWARDS, Neil John | Director | 2019-07-31 | 2020-03-06 |
| KARPUKHINA, Seda Yalcinkaya | Director | 2018-05-04 | 2018-09-27 |
| MAGUIRE, Karen Anne | Director | 2022-08-08 | 2024-02-01 |
| PAGENKOPF, Ulf Helge | Director | 2018-09-27 | 2022-08-08 |
| PATTERSON, Simon Iain | Director | 2018-05-04 | 2022-09-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Zephyr Midco 1 Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-05-04 | Active |
Filing timeline
Last 20 of 41 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | AA | accounts | Accounts with accounts type group | |
| 2025-08-04 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-05 | AA | accounts | Accounts with accounts type group | |
| 2024-06-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-22 | SH01 | capital | Capital allotment shares | |
| 2023-09-26 | AA | accounts | Accounts with accounts type group | |
| 2023-05-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-07 | SH01 | capital | Capital allotment shares | |
| 2022-08-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-25 | AA | accounts | Accounts with accounts type group | |
| 2022-05-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-28 | SH01 | capital | Capital allotment shares | |
| 2021-09-03 | AA | accounts | Accounts with accounts type group | |
| 2021-06-15 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+16.9%
£451,523,000 £527,711,000
-
Cash
+31.7%
£45,236,000 £59,588,000
-
Net assets
-4.4%
£1,163,070,000 £1,112,284,000
-
Employees
+5.9%
1,290 1,366
-
Operating profit
+94.4%
-£23,345,000 -£1,302,000
-
Profit before tax
+32.9%
-£134,978,000 -£90,631,000
-
Wages
+16%
£74,331,000 £86,194,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers