midnight contracting ltd
midnight contracting ltd Company Information
Company Number
07309580
Next Accounts
Jan 2026
Industry
Other business support service activities n.e.c.
Shareholders
paul michael ingram
david tristan doherty
View AllGroup Structure
View All
Contact
Registered Address
2nd floor regis house, 45 king william street, london, EC4R 9AN
Website
optionsresourcing.commidnight contracting ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDNIGHT CONTRACTING LTD at £17.9m based on a Turnover of £33.7m and 0.53x industry multiple (adjusted for size and gross margin).
midnight contracting ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDNIGHT CONTRACTING LTD at £2.5m based on an EBITDA of £654.2k and a 3.78x industry multiple (adjusted for size and gross margin).
midnight contracting ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDNIGHT CONTRACTING LTD at £289.6k based on Net Assets of £122.4k and 2.37x industry multiple (adjusted for liquidity).
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Midnight Contracting Ltd Overview
Midnight Contracting Ltd is a live company located in london, EC4R 9AN with a Companies House number of 07309580. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2010, it's largest shareholder is paul michael ingram with a 25% stake. Midnight Contracting Ltd is a established, large sized company, Pomanda has estimated its turnover at £33.7m with high growth in recent years.
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Midnight Contracting Ltd Health Check
Pomanda's financial health check has awarded Midnight Contracting Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £33.7m, make it larger than the average company (£4.3m)
£33.7m - Midnight Contracting Ltd
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (9%)
27% - Midnight Contracting Ltd
9% - Industry AVG
Production
with a gross margin of 2.6%, this company has a higher cost of product (37.4%)
2.6% - Midnight Contracting Ltd
37.4% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (5.6%)
1.9% - Midnight Contracting Ltd
5.6% - Industry AVG
Employees
with 249 employees, this is above the industry average (25)
249 - Midnight Contracting Ltd
25 - Industry AVG
Pay Structure
on an average salary of £27.7k, the company has a lower pay structure (£51.2k)
£27.7k - Midnight Contracting Ltd
£51.2k - Industry AVG
Efficiency
resulting in sales per employee of £135.3k, this is equally as efficient (£158.4k)
£135.3k - Midnight Contracting Ltd
£158.4k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (39 days)
8 days - Midnight Contracting Ltd
39 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (31 days)
0 days - Midnight Contracting Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Midnight Contracting Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is average cash available to meet short term requirements (24 weeks)
26 weeks - Midnight Contracting Ltd
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.9%, this is a higher level of debt than the average (60.4%)
93.9% - Midnight Contracting Ltd
60.4% - Industry AVG
MIDNIGHT CONTRACTING LTD financials
Midnight Contracting Ltd's latest turnover from April 2024 is £33.7 million and the company has net assets of £122.4 thousand. According to their latest financial statements, Midnight Contracting Ltd has 249 employees and maintains cash reserves of £950.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 33,698,439 | 30,426,711 | 29,493,940 | 16,263,238 | 15,917,735 | 19,737,594 | 17,213,885 | 16,220,092 | 16,425,502 | 18,788,377 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 32,817,077 | 29,256,789 | 28,464,118 | 15,638,067 | 15,496,208 | 19,138,940 | 16,699,572 | 15,697,340 | 15,897,409 | 17,863,993 | ||||
| Gross Profit | 881,362 | 1,169,922 | 1,029,822 | 625,171 | 421,527 | 598,654 | 514,313 | 522,752 | 528,093 | 924,384 | ||||
| Admin Expenses | 227,135 | 197,782 | 233,670 | 118,748 | 107,882 | 120,169 | 191,197 | 208,820 | 188,422 | |||||
| Operating Profit | 654,227 | 972,140 | 796,152 | 506,423 | 313,645 | 478,485 | 331,555 | 319,273 | 735,962 | |||||
| Interest Payable | 7,471 | 0 | 3,633 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Interest Receivable | 0 | 0 | 0 | 0 | 54,307 | 0 | 0 | 0 | 1,712 | 183 | ||||
| Pre-Tax Profit | 646,756 | 972,140 | 797,056 | 506,423 | 367,952 | 478,485 | 378,637 | 331,555 | 320,985 | 736,145 | ||||
| Tax | -162,403 | -190,503 | -148,730 | -96,220 | -64,740 | -91,574 | -71,930 | -71,027 | -64,197 | -154,900 | ||||
| Profit After Tax | 484,353 | 781,637 | 648,326 | 410,203 | 303,212 | 386,911 | 306,707 | 260,528 | 256,788 | 581,245 | ||||
| Dividends Paid | 520,000 | 750,000 | 765,000 | 305,000 | 300,000 | 358,000 | 276,000 | 227,000 | 280,000 | 909,600 | ||||
| Retained Profit | -35,647 | 31,637 | -116,674 | 105,203 | 3,212 | 28,911 | 30,707 | 33,528 | -23,212 | -328,355 | ||||
| Employee Costs | 6,902,598 | 7,545,753 | 8,540,805 | 5,111,142 | 3,949,688 | 6,808,702 | 6,885,402 | 7,359,367 | 12,750,894 | 8,575,206 | ||||
| Number Of Employees | 249 | 263 | 276 | 215 | 191 | 279 | 315 | 279 | 530 | 339 | ||||
| EBITDA* | 654,227 | 972,140 | 796,152 | 506,423 | 313,645 | 478,485 | 331,555 | 319,273 | 741,691 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,729 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 180,000 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 180,000 | 0 | 0 | 0 | 0 | 5,731 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 814,107 | 668,243 | 11,310 | 829,042 | 0 | 312,475 | 439,613 | 358,686 | 252,193 | 95 | 639,523 | 303,315 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 228,927 | 75,298 | 512,819 | 355,604 | 345,075 | 0 | 234 | 2,460 | 73,513 | 22,916 | 312,458 | 234,108 | 0 | 0 |
| Cash | 950,159 | 1,189,044 | 1,691,122 | 1,506,367 | 742,962 | 475,585 | 784,096 | 661,066 | 424,895 | 1,713,851 | 1,016,222 | 760,439 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,993,193 | 1,932,585 | 2,215,251 | 2,691,013 | 1,088,037 | 788,060 | 1,223,943 | 1,022,212 | 750,601 | 1,736,862 | 1,968,203 | 1,297,862 | 0 | 0 |
| total assets | 1,993,193 | 1,932,585 | 2,215,251 | 2,691,013 | 1,088,037 | 968,060 | 1,223,943 | 1,022,212 | 750,601 | 1,736,862 | 1,973,934 | 1,297,862 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 9,167 | 9,167 | 9,167 | 8,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 10,879 | 36,295 | 9,150 | 750,936 | 15,710 | 1,224 | 10,573 | 12,544 | 1,123 | 25,364 | 1,580,891 | 1,040,740 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 1,992 | 1,792 | 2,992 | 0 | 3,692 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,837,134 | 1,703,796 | 2,036,911 | 1,647,040 | 934,493 | 830,222 | 1,105,867 | 931,672 | 708,002 | 1,643,118 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,857,180 | 1,749,258 | 2,055,228 | 2,406,309 | 950,203 | 833,438 | 1,118,232 | 947,208 | 709,125 | 1,672,174 | 1,580,891 | 1,040,740 | 0 | 0 |
| loans | 13,660 | 25,327 | 33,660 | 41,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 13,660 | 25,327 | 33,660 | 41,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,870,840 | 1,774,585 | 2,088,888 | 2,447,976 | 950,203 | 833,438 | 1,118,232 | 947,208 | 709,125 | 1,672,174 | 1,580,891 | 1,040,740 | 0 | 0 |
| net assets | 122,353 | 158,000 | 126,363 | 243,037 | 137,834 | 134,622 | 105,711 | 75,004 | 41,476 | 64,688 | 393,043 | 257,122 | 0 | 0 |
| total shareholders funds | 122,353 | 158,000 | 126,363 | 243,037 | 137,834 | 134,622 | 105,711 | 75,004 | 41,476 | 64,688 | 393,043 | 257,122 | 0 | 0 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 654,227 | 972,140 | 796,152 | 506,423 | 313,645 | 478,485 | 331,555 | 319,273 | 735,962 | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,729 | 5,731 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | -162,403 | -190,503 | -148,730 | -96,220 | -64,740 | -91,574 | -71,930 | -71,027 | -64,197 | -154,900 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 299,493 | 219,412 | -660,517 | 839,571 | 32,600 | -127,372 | 78,701 | 35,440 | 302,695 | -928,970 | 414,558 | 537,423 | 0 | 0 |
| Creditors | -25,416 | 27,145 | -741,786 | 735,226 | 14,486 | -9,349 | -1,971 | 11,421 | -24,241 | -1,555,527 | 540,151 | 1,040,740 | 0 | 0 |
| Accruals and Deferred Income | 133,338 | -333,115 | 389,871 | 712,547 | 104,271 | -275,645 | 174,195 | 223,670 | -935,116 | 1,643,118 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 300,253 | 256,255 | 956,024 | 1,018,405 | 335,062 | 229,289 | 460,179 | -1,006,976 | 1,603,352 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,712 | 183 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | -180,000 | 180,000 | 0 | 0 | 0 | -2 | 2 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 180,000 | -180,000 | 0 | 0 | 1,712 | 185 | ||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 834 | 8,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -1,992 | 200 | -1,200 | 2,992 | -3,692 | 3,692 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -11,667 | -8,333 | -8,007 | 41,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -7,471 | 0 | -3,633 | 0 | 54,307 | 0 | 0 | 0 | 1,712 | 183 | ||||
| cash flow from financing | -19,138 | -8,333 | -10,806 | 50,000 | 52,315 | 200 | -1,200 | 2,992 | -1,980 | 3,875 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | -238,885 | -502,078 | 184,755 | 763,405 | 267,377 | -308,511 | 123,030 | 236,171 | -1,288,956 | 697,629 | 255,783 | 760,439 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -238,885 | -502,078 | 184,755 | 763,405 | 267,377 | -308,511 | 123,030 | 236,171 | -1,288,956 | 697,629 | 255,783 | 760,439 | 0 | 0 |
midnight contracting ltd Credit Report and Business Information
Midnight Contracting Ltd Competitor Analysis
Perform a competitor analysis for midnight contracting ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in EC4R area or any other competitors across 12 key performance metrics.
midnight contracting ltd Ownership
MIDNIGHT CONTRACTING LTD group structure
Midnight Contracting Ltd has 2 subsidiary companies.
Ultimate parent company
MIDNIGHT CONTRACTING LTD
07309580
2 subsidiaries
midnight contracting ltd directors
Midnight Contracting Ltd currently has 4 directors. The longest serving directors include Mr Andrew Howard (Jul 2010) and Mr Paul Ingram (Jul 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Howard | United Kingdom | 54 years | Jul 2010 | - | Director |
| Mr Paul Ingram | United Kingdom | 48 years | Jul 2010 | - | Director |
| Mr David Bright | United Kingdom | 61 years | May 2011 | - | Director |
| Mr David Doherty | England | 50 years | May 2011 | - | Director |
P&L
April 2024turnover
33.7m
+11%
operating profit
654.2k
-33%
gross margin
2.7%
-31.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
122.4k
-0.23%
total assets
2m
+0.03%
cash
950.2k
-0.2%
net assets
Total assets minus all liabilities
midnight contracting ltd company details
company number
07309580
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
July 2010
age
15
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
April 2024
previous names
midnight payroll limited (May 2012)
midnight property services ltd (May 2011)
accountant
-
auditor
AZETS AUDIT SERVICES
address
2nd floor regis house, 45 king william street, london, EC4R 9AN
Bank
-
Legal Advisor
-
midnight contracting 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 1 charges/mortgages relating to midnight contracting ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
midnight contracting 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.
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midnight contracting ltd Companies House Filings - See Documents
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