BELLIS FINCO PLC
Operating as the holding company for the British supermarket chain Asda, the entity is jointly owned by the Issa brothers and private equity firm TDR Capital.
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Cash
£1.3B
+62.6% highest in 3 filed years
Net assets
£2.7B
-21.7% lowest in 3 filed years
Employees
136,950
-4.1% lowest in 3 filed years
Profit before tax
-£334M
+44.3% vs 2024
Watch the reel
Our short-form breakdown of BELLIS FINCO PLC's latest filing
Asda's holding company, Bellis Finco PLC, posts a £989m pre-tax loss as debt costs bite and revenue slips. 🛒📉
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £25,616,900,000 | £26,846,600,000 | £25,878,000,000 | -3.6% | |
| Operating profit | £636,600,000 | -£351,400,000 | £304,100,000 | +186.5% | |
| Profit before tax | £248,300,000 | -£599,000,000 | -£333,500,000 | +44.3% | |
| Net profit | £234,100,000 | -£487,200,000 | — | — | |
| Cash | £1,027,700,000 | £823,500,000 | £1,339,000,000 | +62.6% | |
| Total assets less current liabilities | £14,684,200,000 | £13,879,400,000 | £13,203,400,000 | -4.9% | |
| Net assets | £3,924,800,000 | £3,465,100,000 | £2,712,400,000 | -21.7% | |
| Equity | £3,708,900,000 | £3,465,100,000 | £2,712,400,000 | -21.7% | |
| Average employees | 141,058 | 142,867 | 136,950 | -4.1% | |
| Wages | £2,737,400,000 | £2,904,800,000 | £2,907,400,000 | +0.1% | |
| Directors' remuneration | £393,964,000 | £1,309,917 | £1,710,922 | +30.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.5% | -1.3% | 1.2% | |
| Net margin | 0.9% | -1.8% | — | |
| Return on capital employed | 4.3% | -2.5% | 2.3% | |
| Gearing (liabilities / total assets) | 79.7% | 81.2% | 85.2% | |
| Current ratio | 4.19x | 0.55x | 0.60x | |
| Interest cover | 1.44x | -0.57x | 0.42x |
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.
Name history
Renamed 1 time since incorporation
- BELLIS FINCO PLC 2020-12-21 → present
- BELLIS FINCO LIMITED 2020-09-03 → 2020-12-21
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis, and they have concluded that there are no material uncertainties regarding the Group’s and the Parent Company’s ability to continue their operations.”
Group structure
- BELLIS FINCO PLC · parent
- Arthur Foodstores Limited 100%
- ASDA Employee Share Schemes Trustee Limited 100%
- ASDA Express Limited 100%
- ASDA Finance Limited 100%
- Bellis Acquisition Company PLC* 100%
- Bellis Acquisition Company 2 Limited 100%
- Bellis Acquisition Company 3 Limited 100%
- International Producede Sociedada Limitada 100%
Significant events
- “On 1 July 2025, Bellis Finco plc announced that agreements had been signed with Blue Owl Capital to sell and leaseback 20 Asda stores & 1 depot and with DTZ Investors to sell and leaseback 4 Asda stores.”
- “On 1 August 2025, Arthur Foodstores Ltd ("Arthur") and Asda Express Ltd ("Express") trading assets were hived up into Asda Stores Ltd as part of the integration of the acquired businesses into the Bellis Finco plc group.”
- “In July 2025 we refinanced £500m of Senior Unsecured Notes and repaid the remaining £302m February 2026 Senior Secured Notes, with the issuance of €700m Euro Senior Secured Notes.”
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 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-28 | AA | accounts | Accounts with accounts type group | |
| 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 |
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.