midgard ltd
midgard ltd Company Information
Company Number
05718686
Next Accounts
Sep 2025
Shareholders
jrl group limited
chris child
View AllGroup Structure
View All
Industry
Construction of domestic buildings
+1Registered Address
4 elstree way, borehamwood, herts, WD6 1RN
Website
http://www.midgard.ltd.ukmidgard ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDGARD LTD at £241.8m based on a Turnover of £612.4m and 0.39x industry multiple (adjusted for size and gross margin).
midgard ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDGARD LTD at £0 based on an EBITDA of £-9.5m and a 3.82x industry multiple (adjusted for size and gross margin).
midgard ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDGARD LTD at £58.7m based on Net Assets of £41.2m and 1.43x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Midgard Ltd Overview
Midgard Ltd is a live company located in herts, WD6 1RN with a Companies House number of 05718686. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in February 2006, it's largest shareholder is jrl group limited with a 84.9% stake. Midgard Ltd is a established, mega sized company, Pomanda has estimated its turnover at £612.4m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Midgard Ltd Health Check
Pomanda's financial health check has awarded Midgard Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £612.4m, make it larger than the average company (£6.3m)
£612.4m - Midgard Ltd
£6.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.4%)
15% - Midgard Ltd
8.4% - Industry AVG
Production
with a gross margin of 1.2%, this company has a higher cost of product (17.8%)
1.2% - Midgard Ltd
17.8% - Industry AVG
Profitability
an operating margin of -1.6% make it less profitable than the average company (4.8%)
-1.6% - Midgard Ltd
4.8% - Industry AVG
Employees
with 229 employees, this is above the industry average (18)
229 - Midgard Ltd
18 - Industry AVG
Pay Structure
on an average salary of £92.6k, the company has a higher pay structure (£49.3k)
£92.6k - Midgard Ltd
£49.3k - Industry AVG
Efficiency
resulting in sales per employee of £2.7m, this is more efficient (£288.6k)
£2.7m - Midgard Ltd
£288.6k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is near the average (36 days)
35 days - Midgard Ltd
36 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (34 days)
19 days - Midgard Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Midgard Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (17 weeks)
12 weeks - Midgard Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.6%, this is a higher level of debt than the average (70.1%)
78.6% - Midgard Ltd
70.1% - Industry AVG
MIDGARD LTD financials
Midgard Ltd's latest turnover from December 2023 is £612.4 million and the company has net assets of £41.2 million. According to their latest financial statements, Midgard Ltd has 229 employees and maintains cash reserves of £34.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 612,419,000 | 536,343,900 | 456,774,600 | 403,893,278 | 308,096,439 | 299,375,000 | 180,150,705 | 105,033,366 | 109,472,634 | 76,655,380 | 56,859,018 | 56,211,628 | 48,207,866 | 29,090,097 | 7,172,746 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 605,378,000 | 498,139,202 | 428,406,360 | 385,273,575 | 277,678,349 | 277,865,184 | 171,936,533 | 101,012,740 | 106,588,438 | 74,812,573 | 53,190,848 | 53,156,700 | 44,531,018 | 27,524,250 | 5,829,639 |
| Gross Profit | 7,041,000 | 38,204,698 | 28,368,240 | 18,619,703 | 30,418,090 | 21,509,816 | 8,214,172 | 4,020,626 | 2,884,196 | 1,842,807 | 3,668,170 | 3,054,928 | 3,676,848 | 1,565,847 | 1,343,107 |
| Admin Expenses | 16,959,000 | 12,855,270 | 13,903,933 | 12,241,302 | 11,482,589 | 7,562,860 | 4,504,686 | 2,575,398 | 2,423,921 | 1,680,900 | 2,962,763 | 2,866,649 | 2,594,190 | 1,344,349 | 990,834 |
| Operating Profit | -9,918,000 | 25,349,428 | 14,464,307 | 6,378,401 | 18,935,501 | 13,946,956 | 3,709,486 | 1,445,228 | 460,275 | 161,907 | 705,407 | 188,279 | 1,082,658 | 221,498 | 352,273 |
| Interest Payable | 47,000 | 4 | 147 | 9,163 | 316 | 276 | 50 | 511 | 23 | ||||||
| Interest Receivable | 8,000 | 20,287 | 747 | 20,988 | 119,097 | 3,730 | 3,258 | 4,666 | 123 | ||||||
| Pre-Tax Profit | -9,957,000 | 25,369,711 | 14,465,054 | 6,399,389 | 19,054,451 | 13,937,793 | 3,709,170 | 1,444,952 | 460,275 | 171,897 | 708,154 | 192,945 | 1,082,781 | 221,498 | 352,250 |
| Tax | 3,120,000 | -5,016,659 | -2,479,052 | -1,200,831 | -3,629,123 | -2,651,459 | -712,397 | -288,946 | -98,408 | -38,202 | 125,021 | -92,252 | -135,041 | -66,397 | -103,726 |
| Profit After Tax | -6,837,000 | 20,353,052 | 11,986,002 | 5,198,558 | 15,425,328 | 11,286,334 | 2,996,773 | 1,156,006 | 361,867 | 133,695 | 833,175 | 100,693 | 947,740 | 155,101 | 248,524 |
| Dividends Paid | 2,000,000 | 2,000,000 | 3,000,000 | 950,000 | 500,000 | 400,000 | |||||||||
| Retained Profit | -6,837,000 | 18,353,052 | 11,986,002 | 5,198,558 | 13,425,328 | 8,286,334 | 2,046,773 | 656,006 | -38,133 | 133,695 | 833,175 | 100,693 | 947,740 | 155,101 | 248,524 |
| Employee Costs | 21,202,000 | 19,957,709 | 16,930,237 | 14,314,128 | 14,494,692 | 11,261,835 | 7,272,337 | 5,219,182 | 4,287,331 | 2,900,377 | 2,618,234 | 2,272,287 | 2,043,780 | 1,264,213 | 1,227,955 |
| Number Of Employees | 229 | 210 | 198 | 194 | 190 | 153 | 100 | 83 | 60 | 52 | 42 | 37 | 35 | 16 | 16 |
| EBITDA* | -9,498,000 | 25,466,248 | 14,467,882 | 6,378,401 | 18,935,501 | 13,946,956 | 3,709,486 | 1,445,228 | 460,275 | 161,907 | 705,407 | 188,279 | 1,082,658 | 221,498 | 352,273 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,866,000 | 1,418,738 | 20,586 | ||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 23,397,000 | 15,093,622 | 9,308,674 | 9,680,375 | |||||||||||
| Total Fixed Assets | 26,263,000 | 16,512,360 | 9,329,260 | 9,680,375 | |||||||||||
| Stock & work in progress | 715,300 | 1,646,383 | 397,811 | 1,053,080 | 349,544 | 450,045 | |||||||||
| Trade Debtors | 59,366,000 | 84,761,289 | 38,417,956 | 45,208,590 | 32,074,140 | 27,905,233 | 24,089,740 | 9,435,732 | 14,756,050 | 15,648,977 | 10,809,526 | 13,817,328 | 10,693,366 | 7,033,041 | 855,890 |
| Group Debtors | 59,404,000 | 81,342,355 | 38,587,968 | 7,679,027 | 16,712,627 | 53,234,041 | 29,088,033 | 15,712,887 | 19,453,642 | 4,731,702 | |||||
| Misc Debtors | 13,201,000 | 5,956,512 | 5,368,419 | 23,834,674 | 14,719,076 | 14,831,825 | 6,356,148 | 1,884,072 | 1,052,713 | 962,090 | 3,204,314 | 438,641 | 575,447 | 195,629 | 126,234 |
| Cash | 34,577,000 | 48,721,615 | 53,889,541 | 36,722,400 | 34,554,201 | 24,177,127 | 11,523,955 | 10,612,550 | 2,200,691 | 2,488,862 | 1,668,274 | 1,077,248 | 1,092,798 | 814,682 | 888,163 |
| misc current assets | |||||||||||||||
| total current assets | 166,548,000 | 220,781,771 | 136,263,884 | 113,444,691 | 98,060,044 | 120,148,226 | 71,057,876 | 37,645,241 | 37,463,096 | 19,815,229 | 22,060,199 | 15,731,028 | 13,414,691 | 8,392,896 | 2,320,332 |
| total assets | 192,811,000 | 237,294,131 | 145,593,144 | 123,125,066 | 98,060,044 | 120,148,226 | 71,057,876 | 37,645,241 | 37,463,096 | 19,815,229 | 22,060,199 | 15,731,028 | 13,414,691 | 8,392,896 | 2,320,332 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 31,834,000 | 33,806,921 | 24,729,550 | 30,574,154 | 27,203,396 | 17,914,095 | 11,305,077 | 9,429,922 | 11,779,928 | 9,471,934 | 11,405,252 | 8,771,537 | 6,389,909 | 1,614,134 | 401,196 |
| Group/Directors Accounts | 37,180,000 | 86,480,428 | 15,831,605 | 10,624,226 | 5,881,948 | 28,583,747 | 15,421,077 | 8,979,190 | 14,833,989 | 7,476,168 | 7,272,929 | 4,277,908 | 3,399,087 | 5,339,748 | 479,639 |
| other short term finances | |||||||||||||||
| hp & lease commitments | 422,000 | 69,693 | |||||||||||||
| other current liabilities | 73,183,000 | 54,256,763 | 61,312,886 | 50,193,778 | 38,440,350 | 60,541,362 | 39,509,034 | 16,460,214 | 8,729,270 | 709,085 | 919,714 | 1,052,454 | 2,097,259 | 858,318 | 1,014,900 |
| total current liabilities | 142,619,000 | 174,613,805 | 101,874,041 | 91,392,158 | 71,525,694 | 107,039,204 | 66,235,188 | 34,869,326 | 35,343,187 | 17,657,187 | 19,597,895 | 14,101,899 | 11,886,255 | 7,812,200 | 1,895,735 |
| loans | |||||||||||||||
| hp & lease commitments | 1,352,000 | 258,343 | |||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 4,248,000 | ||||||||||||||
| provisions | 3,414,000 | 350,021 | 193 | ||||||||||||
| total long term liabilities | 9,014,000 | 608,364 | 193 | ||||||||||||
| total liabilities | 151,633,000 | 175,222,169 | 101,874,234 | 91,392,158 | 71,525,694 | 107,039,204 | 66,235,188 | 34,869,326 | 35,343,187 | 17,657,187 | 19,597,895 | 14,101,899 | 11,886,255 | 7,812,200 | 1,895,735 |
| net assets | 41,178,000 | 62,071,962 | 43,718,910 | 31,732,908 | 26,534,350 | 13,109,022 | 4,822,688 | 2,775,915 | 2,119,909 | 2,158,042 | 2,462,304 | 1,629,129 | 1,528,436 | 580,696 | 424,597 |
| total shareholders funds | 41,178,000 | 62,071,962 | 43,718,910 | 31,732,908 | 26,534,350 | 13,109,022 | 4,822,688 | 2,775,915 | 2,119,909 | 2,158,042 | 2,462,304 | 1,629,129 | 1,528,436 | 580,696 | 424,597 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -9,918,000 | 25,349,428 | 14,464,307 | 6,378,401 | 18,935,501 | 13,946,956 | 3,709,486 | 1,445,228 | 460,275 | 161,907 | 705,407 | 188,279 | 1,082,658 | 221,498 | 352,273 |
| Depreciation | 420,000 | 116,820 | 3,575 | ||||||||||||
| Amortisation | |||||||||||||||
| Tax | 3,120,000 | -5,016,659 | -2,479,052 | -1,200,831 | -3,629,123 | -2,651,459 | -712,397 | -288,946 | -98,408 | -38,202 | 125,021 | -92,252 | -135,041 | -66,397 | -103,726 |
| Stock | -715,300 | -931,083 | 1,248,572 | -655,269 | 703,536 | -100,501 | 450,045 | ||||||||
| Debtors | -31,785,778 | 95,470,761 | 5,280,351 | 22,896,823 | -32,465,256 | 36,437,178 | 32,501,230 | -8,229,714 | 18,651,338 | -2,134,475 | 4,489,573 | 2,987,156 | 4,040,143 | 6,246,546 | 982,124 |
| Creditors | -1,972,921 | 9,077,371 | -5,844,604 | 3,370,758 | 9,289,301 | 6,609,018 | 1,875,155 | -2,350,006 | 2,307,994 | -1,933,318 | 2,633,715 | 2,381,628 | 4,775,775 | 1,212,938 | 401,196 |
| Accruals and Deferred Income | 18,926,237 | -7,056,123 | 11,119,108 | 11,753,428 | -22,101,012 | 21,032,328 | 23,048,820 | 7,730,944 | 8,020,185 | -210,629 | -132,740 | -1,044,805 | 1,238,941 | -156,582 | 1,014,900 |
| Deferred Taxes & Provisions | 3,063,979 | 349,828 | 193 | ||||||||||||
| Cash flow from operations | 45,425,073 | -72,650,096 | 11,983,176 | -2,595,067 | 34,959,923 | 2,499,665 | -4,580,166 | 14,766,934 | -7,245,992 | 1,045,316 | -2,406,742 | -899,037 | 2,218,654 | -4,934,588 | 232,474 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -49,300,428 | 70,648,823 | 5,207,379 | 4,742,278 | -22,701,799 | 13,162,670 | 6,441,887 | -5,854,799 | 7,357,821 | 203,239 | 2,995,021 | 878,821 | -1,940,661 | 4,860,109 | 479,639 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | 1,445,964 | 328,036 | |||||||||||||
| other long term liabilities | 4,248,000 | ||||||||||||||
| share issue | |||||||||||||||
| interest | -39,000 | 20,283 | 747 | 20,988 | 118,950 | -9,163 | -316 | -276 | 3,680 | 2,747 | 4,666 | 123 | -23 | ||
| cash flow from financing | -57,702,426 | 70,997,142 | 5,208,126 | 4,763,266 | -22,582,849 | 13,153,507 | 6,441,571 | -5,855,075 | 7,357,821 | -231,038 | 2,997,768 | 883,487 | -1,940,538 | 4,861,107 | 655,689 |
| cash and cash equivalents | |||||||||||||||
| cash | -14,144,615 | -5,167,926 | 17,167,141 | 2,168,199 | 10,377,074 | 12,653,172 | 911,405 | 8,411,859 | -288,171 | 820,588 | 591,026 | -15,550 | 278,116 | -73,481 | 888,163 |
| overdraft | |||||||||||||||
| change in cash | -14,144,615 | -5,167,926 | 17,167,141 | 2,168,199 | 10,377,074 | 12,653,172 | 911,405 | 8,411,859 | -288,171 | 820,588 | 591,026 | -15,550 | 278,116 | -73,481 | 888,163 |
midgard ltd Credit Report and Business Information
Midgard Ltd Competitor Analysis
Perform a competitor analysis for midgard ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other mega companies, companies in WD6 area or any other competitors across 12 key performance metrics.
midgard ltd Ownership
MIDGARD LTD group structure
Midgard Ltd has 1 subsidiary company.
Ultimate parent company
2 parents
MIDGARD LTD
05718686
1 subsidiary
midgard ltd directors
Midgard Ltd currently has 4 directors. The longest serving directors include Mr John Reddington (Feb 2006) and Mr Kevin Keegan (Feb 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Reddington | 52 years | Feb 2006 | - | Director | |
| Mr Kevin Keegan | United Kingdom | 61 years | Feb 2006 | - | Director |
| Mr Ronan Gleeson | United Kingdom | 48 years | May 2009 | - | Director |
| Mr Ronan Gleeson | United Kingdom | 48 years | May 2009 | - | Director |
P&L
December 2023turnover
612.4m
+14%
operating profit
-9.9m
-139%
gross margin
1.2%
-83.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
41.2m
-0.34%
total assets
192.8m
-0.19%
cash
34.6m
-0.29%
net assets
Total assets minus all liabilities
midgard ltd company details
company number
05718686
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
41201 - Construction of commercial buildings
incorporation date
February 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
st pauls design & build limited (November 2006)
accountant
-
auditor
MHA
address
4 elstree way, borehamwood, herts, WD6 1RN
Bank
-
Legal Advisor
-
midgard ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 5 charges/mortgages relating to midgard ltd. Currently there are 1 open charges and 4 have been satisfied in the past.
midgard ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MIDGARD LTD. This can take several minutes, an email will notify you when this has completed.
midgard ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
