Turnstone Midco 1 Limited

turnstone midco 1 limited Company Information

Company Number

07496752

Next Accounts

Dec 2025

Directors

Tom Riall

Nilesh Pandya

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Shareholders

turnstone equityco 1 limited

turnstone equityco 1 ltd

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

europa house, europa trading estate, manchester, M26 1GG

Website

https://www.mydentist.co.uk

turnstone midco 1 limited Estimated Valuation

£114.1m

Pomanda estimates the enterprise value of TURNSTONE MIDCO 1 LIMITED at £114.1m based on Net Assets of £87.4m and 1.31x industry multiple (adjusted for liquidity).

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Turnstone Midco 1 Limited is a live company located in manchester, M26 1GG with a Companies House number of 07496752. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in January 2011, it's largest shareholder is turnstone equityco 1 limited with a 100% stake. Turnstone Midco 1 Limited is a established, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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Pomanda's financial health check has awarded Turnstone Midco 1 Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

0 Regular

1 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Turnstone Midco 1 Limited's latest turnover from March 2024 is 0 and the company has net assets of £87.4 million. According to their latest financial statements, we estimate that Turnstone Midco 1 Limited has 1 employee and maintains cash reserves of £106 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Turnover
Other Income Or Grants
Cost Of Sales
Gross Profit
Admin Expenses	41,000		20,000	-41,218,000	171,957,000		239,004,000			3,000	3,000	3,000	3,000
Operating Profit	-41,000		-20,000	41,218,000	-171,957,000		-239,004,000			-3,000	-3,000	-3,000	-3,000
Interest Payable		2,884,000	50,007,000	107,296,000	96,040,000	85,513,000	76,351,000	68,169,000	61,017,000	54,360,000	49,857,000	47,086,000	37,193,000
Interest Receivable			3,576,000							2,000	8,339,000	46,874,000	37,193,000
Pre-Tax Profit	-41,000	-2,884,000	-46,451,000	-66,078,000	-267,997,000	-85,513,000	-315,355,000	-68,169,000	-61,017,000	-54,361,000	-41,521,000	-215,000	-3,000
Tax
Profit After Tax	-41,000	-2,884,000	-46,451,000	-66,078,000	-267,997,000	-85,513,000	-315,355,000	-68,169,000	-61,017,000	-54,361,000	-41,521,000	-215,000	-3,000
Dividends Paid
Retained Profit	-41,000	-2,884,000	-46,451,000	-66,078,000	-267,997,000	-85,513,000	-315,355,000	-68,169,000	-61,017,000	-54,361,000	-41,521,000	-215,000	-3,000
Employee Costs
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-41,000		-20,000	41,218,000	-171,957,000		-239,004,000			-3,000	-3,000	-3,000	-3,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Tangible Assets
Intangible Assets
Investments & Other	41,218,000	41,218,000	41,218,000	41,218,000		171,957,000	171,957,000	410,961,000	410,961,000	410,961,000	410,961,000
Debtors (Due After 1 year)												452,622,000	391,288,000
Total Fixed Assets	41,218,000	41,218,000	41,218,000	41,218,000		171,957,000	171,957,000	410,961,000	410,961,000	410,961,000	410,961,000	452,622,000	391,288,000
Stock & work in progress
Trade Debtors
Group Debtors	46,256,000	46,262,000	177,847,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	10,719,000
Misc Debtors											100,000
Cash	106,000	100,000		1,000	1,000	1,000	1,000	1,000	2,000	2,000		5,944,000	1,925,000
misc current assets
total current assets	46,362,000	46,362,000	177,847,000	21,000	21,000	21,000	21,000	21,000	22,000	22,000	120,000	16,663,000	1,925,000
total assets	87,580,000	87,580,000	219,065,000	41,239,000	21,000	171,978,000	171,978,000	410,982,000	410,983,000	410,983,000	411,081,000	469,285,000	393,213,000
Bank overdraft			60,000
Bank loan
Trade Creditors
Group/Directors Accounts	166,000	125,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	109,000	16,650,000	1,928,000
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	166,000	125,000	72,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	109,000	16,650,000	1,928,000
loans			120,000,000	1,001,454,000	894,158,000	798,118,000	712,605,000	636,256,000	568,088,000	507,071,000	452,711,000	452,853,000	391,288,000
hp & lease commitments
Accruals and Deferred Income			8,654,000
other liabilities
provisions
total long term liabilities			128,654,000	1,001,454,000	894,158,000	798,118,000	712,605,000	636,256,000	568,088,000	507,071,000	452,711,000	452,853,000	391,288,000
total liabilities	166,000	125,000	128,726,000	1,001,466,000	894,170,000	798,130,000	712,617,000	636,268,000	568,100,000	507,083,000	452,820,000	469,503,000	393,216,000
net assets	87,414,000	87,455,000	90,339,000	-960,227,000	-894,149,000	-626,152,000	-540,639,000	-225,286,000	-157,117,000	-96,100,000	-41,739,000	-218,000	-3,000
total shareholders funds	87,414,000	87,455,000	90,339,000	-960,227,000	-894,149,000	-626,152,000	-540,639,000	-225,286,000	-157,117,000	-96,100,000	-41,739,000	-218,000	-3,000

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Operating Activities
Operating Profit	-41,000		-20,000	41,218,000	-171,957,000		-239,004,000			-3,000	-3,000	-3,000	-3,000
Depreciation
Amortisation
Tax
Stock
Debtors	-6,000	-131,585,000	177,827,000							-100,000	-463,221,000	72,053,000	391,288,000
Creditors
Accruals and Deferred Income		-8,654,000	8,654,000
Deferred Taxes & Provisions
Cash flow from operations	-35,000	122,931,000	-169,193,000	41,218,000	-171,957,000		-239,004,000			97,000	463,218,000	-72,056,000	-391,291,000
Investing Activities
capital expenditure
Change in Investments				41,218,000	-171,957,000		-239,004,000				410,961,000
cash flow from investments				-41,218,000	171,957,000		239,004,000				-410,961,000
Financing Activities
Bank loans
Group/Directors Accounts	41,000	113,000								-97,000	-16,541,000	14,722,000	1,928,000
Other Short Term Loans
Long term loans		-120,000,000	-881,454,000	107,296,000	96,040,000	85,513,000	76,349,000	68,168,000	61,017,000	54,360,000	-142,000	61,565,000	391,288,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue			1,097,017,000				2,000
interest		-2,884,000	-46,431,000	-107,296,000	-96,040,000	-85,513,000	-76,351,000	-68,169,000	-61,017,000	-54,358,000	-41,518,000	-212,000
cash flow from financing	41,000	-122,771,000	169,132,000					-1,000		-95,000	-58,201,000	76,075,000	393,216,000
cash and cash equivalents
cash	6,000	100,000	-1,000					-1,000		2,000	-5,944,000	4,019,000	1,925,000
overdraft		-60,000	60,000
change in cash	6,000	160,000	-61,000					-1,000		2,000	-5,944,000	4,019,000	1,925,000

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TURNSTONE MIDCO 1 LIMITED group structure

Turnstone Midco 1 Limited has 1 subsidiary company.

Ultimate parent company

CEP III PARTICIPATIONS SARL SICAR

#0067260

TURNSTONE EQUITYCO 1 LIMITED

07496756

2 parents

TURNSTONE MIDCO 1 LIMITED

07496752

1 subsidiary

TURNSTONE MIDCO 2 LIMITED

07496754

TURNSTONE MIDCO 1 LIMITED Shareholders

turnstone equityco 1 limited	100%
turnstone equityco 1 ltd	0%

Turnstone Midco 1 Limited currently has 3 directors. The longest serving directors include Mr Tom Riall (May 2017) and Mr Nilesh Pandya (Nov 2020).

officer	country	age	start	end	role
Mr Tom Riall	England	65 years	May 2017	-	Director
Mr Nilesh Pandya	United Kingdom	54 years	Nov 2020	-	Director
Mr Richard Storah	England	47 years	Sep 2022	-	Director

P&L

March 2024

turnover

operating profit

-41k

gross margin

turnover

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

Balance Sheet

March 2024

net assets

87.4m

total assets

87.6m

cash

106k

+0.06%

net assets

Total assets minus all liabilities

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company number

07496752

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

January 2011

ultimate parent company

CEP III PARTICIPATIONS SARL SICAR

previous names

N/A

address

europa house, europa trading estate, manchester, M26 1GG

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 turnstone midco 1 limited. Currently there are 0 open charges and 1 have been satisfied in the past.

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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turnstone midco 1 limited Company Information

turnstone midco 1 limited Estimated Valuation

turnstone midco 1 limited Estimated Valuation

turnstone midco 1 limited Estimated Valuation

Turnstone Midco 1 Limited Overview

Turnstone Midco 1 Limited Health Check

TURNSTONE MIDCO 1 LIMITED financials

turnstone midco 1 limited Credit Report and Business Information

Turnstone Midco 1 Limited Competitor Analysis

turnstone midco 1 limited Ownership

turnstone midco 1 limited directors

turnstone midco 1 limited company details

turnstone midco 1 limited Charges & Mortgages

turnstone midco 1 limited Capital Raised & Share Issues BETA

turnstone midco 1 limited Companies House Filings - See Documents