iron mountain europe (group) limited

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iron mountain europe (group) limited Company Information

Share IRON MOUNTAIN EUROPE (GROUP) LIMITED

Company Number

05882719

Directors

Nicholas Ford

Shareholders

iron mountain luxembourgh s.a.r.l.

Group Structure

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Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

 

Registered Address

ground floor, 4 more london riverside, london, SE1 2AU

iron mountain europe (group) limited Estimated Valuation

£66.1m

Pomanda estimates the enterprise value of IRON MOUNTAIN EUROPE (GROUP) LIMITED at £66.1m based on a Turnover of £35m and 1.89x industry multiple (adjusted for size and gross margin).

iron mountain europe (group) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of IRON MOUNTAIN EUROPE (GROUP) LIMITED at £0 based on an EBITDA of £-25.7m and a 7.96x industry multiple (adjusted for size and gross margin).

iron mountain europe (group) limited Estimated Valuation

£2b

Pomanda estimates the enterprise value of IRON MOUNTAIN EUROPE (GROUP) LIMITED at £2b based on Net Assets of £1.6b and 1.27x industry multiple (adjusted for liquidity).

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Iron Mountain Europe (group) Limited Overview

Iron Mountain Europe (group) Limited is a live company located in london, SE1 2AU with a Companies House number of 05882719. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in July 2006, it's largest shareholder is iron mountain luxembourgh s.a.r.l. with a 100% stake. Iron Mountain Europe (group) Limited is a established, large sized company, Pomanda has estimated its turnover at £35m with unknown growth in recent years.

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Iron Mountain Europe (group) Limited Health Check

Pomanda's financial health check has awarded Iron Mountain Europe (Group) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

1 Weak

size

Size

annual sales of £35m, make it larger than the average company (£18.9m)

£35m - Iron Mountain Europe (group) Limited

£18.9m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Iron Mountain Europe (group) Limited

- - Industry AVG

production

Production

with a gross margin of 36.4%, this company has a comparable cost of product (36.4%)

36.4% - Iron Mountain Europe (group) Limited

36.4% - Industry AVG

profitability

Profitability

an operating margin of -73.5% make it less profitable than the average company (4.5%)

-73.5% - Iron Mountain Europe (group) Limited

4.5% - Industry AVG

employees

Employees

with 184 employees, this is above the industry average (104)

184 - Iron Mountain Europe (group) Limited

104 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Iron Mountain Europe (group) Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £190.2k, this is equally as efficient (£190.6k)

£190.2k - Iron Mountain Europe (group) Limited

£190.6k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Iron Mountain Europe (group) Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Iron Mountain Europe (group) Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Iron Mountain Europe (group) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (14 weeks)

13 weeks - Iron Mountain Europe (group) Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 18.3%, this is a lower level of debt than the average (69.7%)

18.3% - Iron Mountain Europe (group) Limited

69.7% - Industry AVG

IRON MOUNTAIN EUROPE (GROUP) LIMITED financials

EXPORTms excel logo

Iron Mountain Europe (Group) Limited's latest turnover from December 2023 is £35 million and the company has net assets of £1.6 billion. According to their latest financial statements, we estimate that Iron Mountain Europe (Group) Limited has 184 employees and maintains cash reserves of £90.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Oct 2009
Turnover35,000,00056,000,000326,618,000
Other Income Or Grants
Cost Of Sales22,272,15235,818,319194,774,000
Gross Profit12,727,84820,181,681131,844,000
Admin Expenses38,441,469-24,712,44810,193,963-9,244,0004,084,000216,490,000-331,065,00012,297,000-299,89122,009,000126,366,000
Operating Profit-25,713,62144,894,129-10,193,9639,244,000-4,084,000-216,490,000331,065,000-12,297,000299,891-22,009,0005,478,000
Interest Payable7,272,179138,80936,475,000
Interest Receivable3,610,318138,809558,000
Pre-Tax Profit-25,713,62144,894,129-10,193,9639,244,000-4,084,000-216,490,000331,065,000-17,660,000-7,797,879-7,272,179161,082-22,009,000-16,924,000
Tax49,15216,000-2,000141,0001,973,000
Profit After Tax-25,713,62144,894,129-10,144,8119,260,000-4,084,000-216,492,000331,206,000-17,660,000-7,797,879-7,272,179161,082-22,009,000-14,951,000
Dividends Paid
Retained Profit-25,713,62144,894,129-10,144,8119,260,000-4,084,000-216,492,000331,206,000-17,660,000-7,797,879-7,272,179161,082-22,009,000-14,960,000
Employee Costs134,291,000
Number Of Employees184314111111111114,340
EBITDA*-25,713,62144,894,129-10,193,9639,244,000-4,084,000-216,490,000331,065,000-12,297,000299,891-22,009,00055,829,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Oct 2009
Tangible Assets254,667,000
Intangible Assets341,063,000
Investments & Other1,856,225,2051,906,480,4671,906,480,4671,906,481,0001,885,240,0001,837,885,0001,066,328,000906,008,000742,962,075742,962,075742,962,075672,496,000672,496,0004,480,000
Debtors (Due After 1 year)
Total Fixed Assets1,856,225,2051,906,480,4671,906,480,4671,906,481,0001,885,240,0001,837,885,0001,066,328,000906,008,000742,962,075742,962,075742,962,075672,496,000672,496,000600,210,000
Stock & work in progress627,000
Trade Debtors58,559,000
Group Debtors7,174,0005,907,00010,00010,00010,000
Misc Debtors204,799204,799204,799155,000139,000139,000141,00020,165,000
Cash90,590,53055,550,1482,1362,0001,239,00062,0004,0001727,724,000
misc current assets
total current assets90,795,32955,754,947206,9357,331,0007,285,000139,000203,0004,00017210,00010,00010,00087,075,000
total assets1,947,020,5341,962,235,4141,906,687,4021,913,812,0001,892,525,0001,838,024,0001,066,531,000906,012,000742,962,247742,962,075742,972,075672,506,000672,506,000687,285,000
Bank overdraft2,929,000
Bank loan275,000
Trade Creditors 15,637,000
Group/Directors Accounts355,902,177345,403,436334,749,553331,729,000378,446,000361,317,000350,077,000220,168,000215,680,524203,806,449261,112,032422,928,000422,928,000
other short term finances
hp & lease commitments442,000
other current liabilities50,742,000
total current liabilities355,902,177345,403,436334,749,553331,729,000378,446,000364,246,000350,077,000220,168,000215,680,524203,806,449261,112,032422,928,000422,928,00067,096,000
loans300,596,000287,419,738291,495,762226,928,000421,736,000
hp & lease commitments4,236,000
Accruals and Deferred Income
other liabilities13,334,000
provisions10,474,000
total long term liabilities300,596,000287,419,738291,495,762226,928,000449,780,000
total liabilities355,902,177345,403,436334,749,553331,729,000378,446,000364,246,000350,077,000520,764,000503,100,262495,302,211488,040,032422,928,000422,928,000516,876,000
net assets1,591,118,3571,616,831,9781,571,937,8491,582,083,0001,514,079,0001,473,778,000716,454,000385,248,000239,861,985247,659,864254,932,043249,578,000249,578,000170,356,000
total shareholders funds1,591,118,3571,616,831,9781,571,937,8491,582,083,0001,514,079,0001,473,778,000716,454,000385,248,000239,861,985247,659,864254,932,043249,578,000249,578,000170,356,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Oct 2009
Operating Activities
Operating Profit-25,713,62144,894,129-10,193,9639,244,000-4,084,000-216,490,000331,065,000-12,297,000299,891-22,009,0005,478,000
Depreciation28,520,000
Amortisation21,831,000
Tax49,15216,000-2,000141,0001,973,000
Stock-627,000627,000
Debtors-7,124,2011,283,0005,907,000-2,000141,000-10,00010,000-10,000-78,714,00078,724,000
Creditors-15,637,00015,637,000
Accruals and Deferred Income-50,742,00050,742,000
Deferred Taxes & Provisions-10,474,00010,474,000
Cash flow from operations-25,713,62144,894,129-3,020,6107,977,000-9,991,000-216,490,000331,065,000-12,297,00010,000289,891-21,999,0002,488,00055,304,000
Investing Activities
capital expenditure595,730,000-646,081,000
Change in Investments-50,255,262-53321,241,00047,355,000771,557,000160,320,000163,045,925742,962,075-672,496,000668,016,0004,480,000
cash flow from investments50,255,262533-21,241,000-47,355,000-771,557,000-160,320,000-163,045,925-742,962,075672,496,000-72,286,000-650,561,000
Financing Activities
Bank loans-275,000275,000
Group/Directors Accounts10,498,74110,653,8833,020,553-46,717,00017,129,00011,240,000129,909,0004,487,47611,874,075-57,305,583261,112,032-422,928,000422,928,000
Other Short Term Loans
Long term loans-300,596,00013,176,262-4,076,02464,567,762226,928,000-421,736,000421,736,000
Hire Purchase and Lease Commitments-4,678,0004,678,000
other long term liabilities-13,334,00013,334,000
share issue-34058,744,00044,385,000973,816,000163,046,015254,770,961-227,569,00079,222,000185,316,000
interest-3,661,861-35,917,000
cash flow from financing10,498,74110,653,8833,020,21312,027,00061,514,000985,056,000-170,687,000180,709,7537,798,0513,600,318742,810,993-650,497,00062,127,000589,422,000
cash and cash equivalents
cash35,040,38255,548,012136-1,237,0001,239,000-62,00058,0003,828172-7,724,0007,724,000
overdraft-2,929,0002,929,000
change in cash35,040,38255,548,012136-1,237,0004,168,000-2,991,00058,0003,828172-7,724,0007,724,000

iron mountain europe (group) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Iron Mountain Europe (group) Limited Competitor Analysis

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Perform a competitor analysis for iron mountain europe (group) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in SE1 area or any other competitors across 12 key performance metrics.

iron mountain europe (group) limited Ownership

IRON MOUNTAIN EUROPE (GROUP) LIMITED group structure

Iron Mountain Europe (Group) Limited has 4 subsidiary companies.

Ultimate parent company

IRON MOUNTAIN INC

#0042124

IRON MOUNTAIN LUXEMBOURGH SARL

#0064102

2 parents

IRON MOUNTAIN EUROPE (GROUP) LIMITED

05882719

4 subsidiaries

IRON MOUNTAIN EUROPE (GROUP) LIMITED Shareholders

iron mountain luxembourgh s.a.r.l. 100%

iron mountain europe (group) limited directors

Iron Mountain Europe (Group) Limited currently has 1 director, Mr Nicholas Ford serving since Jan 2021.

officercountryagestartendrole
Mr Nicholas FordUnited Kingdom42 years Jan 2021- Director

P&L

December 2023

turnover

35m

-38%

operating profit

-25.7m

-157%

gross margin

36.4%

+0.91%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

1.6b

-0.02%

total assets

1.9b

-0.01%

cash

90.6m

+0.63%

net assets

Total assets minus all liabilities

iron mountain europe (group) limited company details

company number

05882719

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

July 2006

age

19

incorporated

UK

ultimate parent company

IRON MOUNTAIN INC

accounts

Small Company

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

BDO LLP

address

ground floor, 4 more london riverside, london, SE1 2AU

Bank

BANK MENDES GANS NV

Legal Advisor

-

iron mountain europe (group) limited 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 did not find charges/mortgages relating to iron mountain europe (group) limited.

iron mountain europe (group) limited 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.

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iron mountain europe (group) limited Companies House Filings - See Documents

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