BELLIS FINCO PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-27 (in 4mo)
Last made up 2025-09-13
Watchouts
None on the register
Cash
£824M
-19.9% vs 2023
Net assets
£3B
-11.7% vs 2023
Employees
142,867
+1.3% vs 2023
Profit before tax
£115M
-53.5% vs 2023
Name history
Renamed 1 time since incorporation
- BELLIS FINCO PLC 2020-12-21 → present
- BELLIS FINCO LIMITED 2020-09-03 → 2020-12-21
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 | £25,616,900,000 | £26,846,600,000 | |
| Operating profit | £636,600,000 | £670,800,000 | |
| Profit before tax | £248,300,000 | £115,400,000 | |
| Net profit | £234,100,000 | £92,800,000 | |
| Cash | £1,027,700,000 | £823,500,000 | |
| Total assets less current liabilities | £14,684,200,000 | £13,911,700,000 | |
| Net assets | £3,924,800,000 | £3,465,100,000 | |
| Equity | £3,708,900,000 | £3,465,100,000 | |
| Average employees | 141,058 | 142,867 | |
| Wages | £2,737,400,000 | £2,904,800,000 |
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 | 2.5% | 2.5% | |
| Net margin | 0.9% | 0.3% | |
| Return on capital employed | 4.3% | 4.8% | |
| Gearing (liabilities / total assets) | 79.7% | 81.2% | |
| Current ratio | 4.19x | 4.07x | |
| Interest cover | 1.44x | 1.10x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have determined that the Group has sufficient resources and liquidity facilities to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements ("the going concern period").”
Group structure
- BELLIS FINCO PLC · parent
- Arthur Foodstores Limited 100%
- ASDA Delivery Limited 100%
- ASDA Employee Share Schemes Trustee Limited 100%
- ASDA Express Limited 100%
- Euro Garages (Jersey) Limited 100%
- ASDA Finance Limited 100%
- ASDA Financial Services Limited 100%
- ASDA Foodservice Limited 100%
- ASDA Guernsey Limited 100%
- ASDA Group Limited 100%
- ASDA Holdco 2 Limited 100%
- ASDA Pension Plan Trustees Limited 100%
- ASDA Propco Limited 100%
- ASDA Property Trust Limited 100%
- ASDA Rubbabub Limited 100%
- ASDA Storage Limited 100%
- ASDA Stores Limited 100%
- ASDA Stores (Belfast) Limited 100%
- ASDA Supermarkets Limited 100%
- Bandwagon Limited 100%
- Beehive FTG Limited 100%
- Bellis Acquisition Company PLC* 100%
- Bellis Acquisition Company 2 Limited 100%
- Bellis Acquisition Company 3 Limited 100%
- Chorley Renaissance Limited 100%
- EGUK L.P. Limited 100%
- Essencecalm Limited 100%
- Ever 2010 Limited 100%
- Ever 2010 North Limited 100%
- Ever 2010 South Limited 100%
- Feedbritain Limited 100%
- Forza AW Limited 100%
- Forza AW Limited & Forza Foods Limited 100%
- George Sourcing Services UK Limited 100%
- International Procurement and Logistics Limitada 100%
- Kent Nominee 1 Limited 100%
- Kent Nominee 2 Limited 100%
- Kober Limited 100%
- Leon Grocery Limited 100%
- Leon Naturally Fast Food Limited 100%
- Leon Restaurants Limited 100%
- McLagan Investments Limited 100%
- Nordline Limited 100%
- Portsmouth Limited 100%
- Project America Bidco Limited 100%
- Reach Belvadere Limited 100%
- Selby Propco Limited 100%
- The Burwood House Group Limited 100%
- Vinpack Limited 100%
- Westbury Produce Limited 100%
- Wollaston Lago Limited 100%
- Wycliffe Moore Limited 100%
Significant events
- “FY24 was an important year for Asda as we completed the conversion and integration of the Euro Garages UK (Project America) and EG (Project Arthur) acquisitions to the Asda Express format and made significant progress in the implementation of our core IT infrastructure - Project Future.”
- “During the year we invested significantly into colleague pay and additional hours in store to improve customer experience, whilst continuing to enhance our quality credentials through the launch of Exceptional, our new premium food tier, and continuing to leverage our IPL sourcing business across fresh produce and meat.”
- “Progress in our Asda Express format continues with EBITDA up YoY in HY2, building momentum after some early impacts as we converted the acquired stores.”
- “In May 2024 we refinanced £3.4bn of debt, and, as a result of our strong cash generation, were able to use cash to reduce our borrowings. In December 2024, we completed a further drawdown of £152m of debt. These transactions pulled out all material near-term debt maturities into the next decade.”
- “The Group has entered into re-financing events in 2024. For more information see the Key Principal Decisions section on page 19.”
- “On 14 May 2024, Bellis Acquisition Company plc, Bellis Finco's immediate subsidiary, completed (i) its offering (the 'Offering') of an aggregate principal amount of £1,750 million of 8.125% Senior Secured Notes due 2030, (ii) tender offers for cash (the 'Tender Offers') of certain of its 3.25% Senior Secured Notes due 2026 and 4.500% Senior Secured Notes due 2026 (collectively, the 'Existing Senior Secured Notes'), and (iii) its entry into a new £1,285 million senior term loan B.”
- “On 4 December 2024, Bellis Acquisition Company plc raised £152 million through a private addition to the existing EUR Term Loan B.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SELBY, Helen Kathryn | Secretary | 2024-01-30 | — | — |
| GLEESON, Michael | Director | 2024-11-11 | Mar 1969 | Irish |
| HATTRELL, Robert John | Director | 2024-11-11 | Apr 1975 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PATEL, Imraan Musa | Secretary | 2020-12-21 | 2024-01-30 |
| DALE, Manjit | Director | 2021-01-15 | 2023-12-19 |
| ISSA, Mohsin | Director | 2021-01-15 | 2024-12-19 |
| ISSA, Zuber Vali | Director | 2020-09-03 | 2024-10-31 |
| LINDSAY, Gary | Director | 2020-09-04 | 2023-12-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tdr Capital General Partner V L.P. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-31 | Active |
| Tdr Capital General Partner Iii Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-31 | Active |
| Tdr Capital General Partner Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-31 | Active |
| Mr Zuber Vali Issa | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-09-03 | Ceased 2020-09-05 |
Filing timeline
Last 20 of 47 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-03 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-24 | AA | accounts | Accounts with accounts type group | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type group | |
| 2024-05-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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
+4.8%
£25,616,900,000 £26,846,600,000
-
Cash
-19.9%
£1,027,700,000 £823,500,000
-
Net assets
-11.7%
£3,924,800,000 £3,465,100,000
-
Employees
+1.3%
141,058 142,867
-
Operating profit
+5.4%
£636,600,000 £670,800,000
-
Profit before tax
-53.5%
£248,300,000 £115,400,000
-
Wages
+6.1%
£2,737,400,000 £2,904,800,000
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