Zenith
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Zenith - overview
Established
2014
Location
Leeds, -, UK
Primary Industry
Transportation Services
About
Based in Leeds, UK, Zenith specializes in intelligent vehicle solutions, offering vehicle leasing, fleet management, and outsourcing to meet diverse transportation needs. Zenith, established in 2014, operates from its headquarters in Leeds, UK. The company was founded by Shoaib Mustaque and has undergone a strategic pivot since its inception, moving towards more comprehensive fleet management solutions. In January 2017, Zenith was acquired by Bridgepoint for GBP 750 million from Hg and LDC, consolidating its market position.
The company has completed a total of 1 deal and has raised GBP 750 million in funding, with Tim Buchan currently serving as CEO. Zenith - Intelligent Vehicle Solutions offers a comprehensive suite of products and services primarily focused on vehicle leasing, fleet management, and vehicle outsourcing. Their core products include personal car solutions and business leasing solutions. Zenith's innovative offerings support individual drivers as well as businesses managing fleets, with specialized services such as electric vehicle programs and bespoke consultancy, ensuring a wide market reach across the UK and beyond.
For the year 2024, Zenith reported a revenue of GBP 991,137,446. 80 and an EBITDA of GBP 224,888,703. 30. The company's revenue streams arise from long-term leasing agreements and fleet management services, providing stability through predictable monthly payments from clients across various sectors.
Zenith's growth strategy includes the development of new products targeting enhanced electric vehicle solutions and expanding their fleet management offerings. The company aims to penetrate new international markets by 2025, utilizing the GBP 750 million raised in their latest funding round to bolster these initiatives. This funding will support product innovation and market entry efforts, aligning with Zenith's long-term strategic goals.
Current Investors
Bridgepoint Group
Primary Industry
Transportation Services
Sub Industries
Car Hire Services, Consumer Finance
Website
www.zenith.co.uk
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Zenith - timeline of key events
Zenith - financials
| Fiscal Year Ended | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 | Mar 31, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 462,995,000 | 439,463,000 | 444,636,000 | 491,123,000 | 589,058,000 | - | - | - |
| % Revenue Growth (YoY) | - | (5.1%) | 1.2% | 10.5% | 19.9% | - | - | - |
| EBITDA (USD) | 160,884,000 | 167,021,000 | 144,812,000 | 161,651,000 | 192,548,000 | - | - | - |
| Operating Income (USD) | 5,810,000 | 948,000 | 1,457,000 | 1,340,000 | 18,339,000 | - | - | - |
| Operating Margin | 1.3% | 0.2% | 0.3% | 0.3% | 3.1% | - | - | - |
| % EBITDA Margin | 34.7% | 38.0% | 32.6% | 32.9% | 32.7% | - | - | - |
| NET Income (USD) | (78,670,000) | (92,864,000) | (102,415,000) | (98,845,000) | (119,282,000) | - | - | - |
| % Net Margin | (17.0%) | (21.1%) | (23.0%) | (20.1%) | (20.2%) | - | - | - |
Zenith - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Contract Vehicles Limited | - | ||||||||
| Secondary Buyout | Completed | Zenith | - | ||||||||
| Merger | Completed | Leasedrive Velo Ltd., Zenith Vehicle Contracts Limited | - |
Displaying 1 - 3 of 3
Zenith - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.