turnstone equityco 1 limited
turnstone equityco 1 limited Company Information
Company Number
07496756
Website
alisonbrettdentalcare.co.ukRegistered Address
europa house, europa trading estate, manchester, M26 1GG
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
adp primary care acquisitions limited 100%
ocorian limited 0%
View Allturnstone equityco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of TURNSTONE EQUITYCO 1 LIMITED at £2b based on a Turnover of £562.1m and 3.48x industry multiple (adjusted for size and gross margin).
turnstone equityco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of TURNSTONE EQUITYCO 1 LIMITED at £1.7b based on an EBITDA of £127.4m and a 13.21x industry multiple (adjusted for size and gross margin).
turnstone equityco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of TURNSTONE EQUITYCO 1 LIMITED at £0 based on Net Assets of £-210.6m and 1.71x industry multiple (adjusted for liquidity).
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Turnstone Equityco 1 Limited Overview
Turnstone Equityco 1 Limited is a live company located in manchester, M26 1GG with a Companies House number of 07496756. 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 adp primary care acquisitions limited with a 100% stake. Turnstone Equityco 1 Limited is a established, mega sized company, Pomanda has estimated its turnover at £562.1m with declining growth in recent years.
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Turnstone Equityco 1 Limited Health Check
Pomanda's financial health check has awarded Turnstone Equityco 1 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
5 Weak
Size
annual sales of £562.1m, make it larger than the average company (£18.5m)
£562.1m - Turnstone Equityco 1 Limited
£18.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (7.4%)
-2% - Turnstone Equityco 1 Limited
7.4% - Industry AVG
Production
with a gross margin of 49.5%, this company has a lower cost of product (35%)
49.5% - Turnstone Equityco 1 Limited
35% - Industry AVG
Profitability
an operating margin of 14.6% make it more profitable than the average company (4.9%)
14.6% - Turnstone Equityco 1 Limited
4.9% - Industry AVG
Employees
with 6414 employees, this is above the industry average (106)
6414 - Turnstone Equityco 1 Limited
106 - Industry AVG
Pay Structure
on an average salary of £20.7k, the company has a lower pay structure (£41.8k)
£20.7k - Turnstone Equityco 1 Limited
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £87.6k, this is less efficient (£180.2k)
£87.6k - Turnstone Equityco 1 Limited
£180.2k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (46 days)
3 days - Turnstone Equityco 1 Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (46 days)
20 days - Turnstone Equityco 1 Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (37 days)
7 days - Turnstone Equityco 1 Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (15 weeks)
11 weeks - Turnstone Equityco 1 Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 132.3%, this is a higher level of debt than the average (69.2%)
132.3% - Turnstone Equityco 1 Limited
69.2% - Industry AVG
turnstone equityco 1 limited Credit Report and Business Information
Turnstone Equityco 1 Limited Competitor Analysis
Perform a competitor analysis for turnstone equityco 1 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
turnstone equityco 1 limited Ownership
TURNSTONE EQUITYCO 1 LIMITED group structure
Turnstone Equityco 1 Limited has 3 subsidiary companies.
Ultimate parent company
CEP III PARTICIPATIONS SARL SICAR
#0067260
CEP III IHP SARL
#0077459
2 parents
TURNSTONE EQUITYCO 1 LIMITED
07496756
3 subsidiaries
turnstone equityco 1 limited directors
Turnstone Equityco 1 Limited currently has 7 directors. The longest serving directors include Mr Tom Riall (May 2017) and Mr Fabio Giuseppetti (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tom Riall | United Kingdom | 64 years | May 2017 | - | Director |
| Mr Fabio Giuseppetti | United Kingdom | 59 years | Oct 2020 | - | Director |
| Mr Aqib Kadar | United Kingdom | 40 years | Oct 2020 | - | Director |
| Mr Nilesh Pandya | United Kingdom | 53 years | Nov 2020 | - | Director |
| Mr Kevin Beeston | 61 years | Sep 2021 | - | Director | |
| Mr Richard Storah | United Kingdom | 46 years | Jul 2022 | - | Director |
| Mr Richard Storah | United Kingdom | 46 years | Jul 2022 | - | Director |
TURNSTONE EQUITYCO 1 LIMITED financials
Turnstone Equityco 1 Limited's latest turnover from March 2023 is £562.1 million and the company has net assets of -£210.6 million. According to their latest financial statements, Turnstone Equityco 1 Limited has 6,414 employees and maintains cash reserves of £63.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 562,088,000 | 702,431,000 | 425,987,000 | 600,471,000 | 571,889,000 | 580,490,000 | 585,823,000 | 565,877,000 | 534,244,000 | 407,511,000 | 348,952,000 | 309,865,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 284,120,000 | 408,335,000 | 222,673,000 | 342,843,000 | 317,693,000 | 327,772,000 | 324,821,000 | 307,508,000 | 294,877,000 | 210,849,000 | 183,508,000 | 164,226,000 |
| Gross Profit | 277,968,000 | 294,096,000 | 203,314,000 | 257,628,000 | 254,196,000 | 252,718,000 | 261,002,000 | 258,369,000 | 239,367,000 | 196,662,000 | 165,444,000 | 145,639,000 |
| Admin Expenses | 196,132,000 | 305,534,000 | 211,124,000 | 341,070,000 | 294,156,000 | 353,478,000 | 283,695,000 | 246,776,000 | 214,970,000 | 178,090,000 | 150,950,000 | 138,288,000 |
| Operating Profit | 81,836,000 | -11,438,000 | -7,810,000 | -83,442,000 | -39,960,000 | -100,760,000 | -22,693,000 | 11,593,000 | 24,397,000 | 18,572,000 | 14,494,000 | 7,351,000 |
| Interest Payable | 66,193,000 | 104,412,000 | 154,719,000 | 143,921,000 | 128,359,000 | 119,429,000 | 123,824,000 | 99,331,000 | 94,071,000 | 95,495,000 | 70,279,000 | 57,627,000 |
| Interest Receivable | 14,539,000 | 8,607,000 | 4,000 | 56,000 | 39,000 | 509,000 | 1,590,000 | 1,140,000 | 107,000 | 67,000 | 37,000 | 30,000 |
| Pre-Tax Profit | 30,182,000 | -107,243,000 | -163,386,000 | -227,307,000 | -168,280,000 | -219,680,000 | -144,927,000 | -86,598,000 | -69,567,000 | -77,298,000 | -59,379,000 | -53,779,000 |
| Tax | 24,941,000 | 9,695,000 | 6,388,000 | -8,657,000 | 9,733,000 | 11,435,000 | 11,229,000 | 7,813,000 | 2,881,000 | 1,980,000 | 1,908,000 | 2,211,000 |
| Profit After Tax | 55,123,000 | -97,548,000 | -156,998,000 | -235,964,000 | -158,547,000 | -208,245,000 | -133,698,000 | -78,785,000 | -66,686,000 | -75,318,000 | -57,471,000 | -51,568,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 55,123,000 | -97,548,000 | -156,998,000 | -235,964,000 | -158,574,000 | -208,266,000 | -133,710,000 | -78,679,000 | -66,601,000 | -75,368,000 | -57,391,000 | -51,564,000 |
| Employee Costs | 132,554,000 | 151,997,000 | 137,022,000 | 139,739,000 | 137,012,000 | 142,545,000 | 127,725,000 | 124,819,000 | 113,617,000 | 89,920,000 | 71,451,000 | 61,721,000 |
| Number Of Employees | 6,414 | 7,005 | 6,848 | 6,875 | 7,140 | 7,656 | 7,521 | 7,145 | 6,710 | 5,622 | 4,931 | 4,720 |
| EBITDA* | 127,384,000 | 44,226,000 | 56,110,000 | -19,259,000 | 12,097,000 | -46,936,000 | 30,793,000 | 61,990,000 | 70,582,000 | 66,184,000 | 55,638,000 | 45,350,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 249,918,000 | 175,701,000 | 186,068,000 | 187,838,000 | 95,175,000 | 108,923,000 | 111,549,000 | 110,041,000 | 102,552,000 | 83,268,000 | 68,179,000 | 60,963,000 |
| Intangible Assets | 304,208,000 | 329,685,000 | 407,114,000 | 437,632,000 | 555,251,000 | 620,630,000 | 740,507,000 | 792,381,000 | 775,667,000 | 614,834,000 | 557,994,000 | 543,790,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,000 | 84,000 | 4,000 |
| Debtors (Due After 1 year) | 24,475,000 | 79,000 | 86,380,000 | 0 | 0 | 0 | 0 | 958,000 | 2,462,000 | 0 | 0 | 0 |
| Total Fixed Assets | 529,651,000 | 505,307,000 | 593,182,000 | 625,470,000 | 650,426,000 | 729,553,000 | 852,056,000 | 902,422,000 | 878,219,000 | 698,136,000 | 626,257,000 | 604,757,000 |
| Stock & work in progress | 6,145,000 | 5,867,000 | 34,036,000 | 25,053,000 | 28,400,000 | 21,270,000 | 19,709,000 | 20,550,000 | 22,226,000 | 7,573,000 | 6,238,000 | 5,727,000 |
| Trade Debtors | 4,892,000 | 392,000 | 22,846,000 | 26,636,000 | 29,074,000 | 31,127,000 | 31,437,000 | 19,292,000 | 17,631,000 | 3,938,000 | 2,259,000 | 2,110,000 |
| Group Debtors | 0 | 55,000 | 306,000 | 306,000 | 306,000 | 305,000 | 283,000 | 272,000 | 233,000 | 332,000 | 161,000 | 0 |
| Misc Debtors | 26,232,000 | 19,438,000 | 24,336,000 | 24,264,000 | 10,382,000 | 9,845,000 | 9,784,000 | 29,965,000 | 24,149,000 | 40,756,000 | 26,158,000 | 22,763,000 |
| Cash | 63,156,000 | 31,849,000 | 11,713,000 | 76,186,000 | 8,984,000 | 16,315,000 | 12,717,000 | 15,066,000 | 29,241,000 | 6,950,000 | 42,516,000 | 19,019,000 |
| misc current assets | 19,316,000 | 8,601,000 | 0 | 329,000 | 40,000 | 3,447,000 | 272,000 | 1,179,000 | 2,529,000 | 0 | 0 | 0 |
| total current assets | 122,712,000 | 193,338,000 | 93,237,000 | 152,774,000 | 77,186,000 | 82,309,000 | 74,202,000 | 86,324,000 | 96,009,000 | 59,549,000 | 77,332,000 | 49,619,000 |
| total assets | 652,363,000 | 698,645,000 | 686,419,000 | 778,244,000 | 727,612,000 | 811,862,000 | 926,258,000 | 988,746,000 | 974,228,000 | 757,685,000 | 703,589,000 | 654,376,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,893,000 | 15,894,000 |
| Trade Creditors | 15,667,000 | 11,276,000 | 27,691,000 | 24,113,000 | 25,382,000 | 22,861,000 | 21,650,000 | 22,882,000 | 19,146,000 | 12,877,000 | 8,430,000 | 7,827,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 34,000 | 380,000 | 0 | 0 | 2,492,000 | 0 | 3,115,000 | 5,715,000 | 0 | 0 | 0 | 920,000 |
| hp & lease commitments | 12,924,000 | 12,871,000 | 14,543,000 | 14,333,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 246,943,000 | 240,978,000 | 150,923,000 | 123,955,000 | 104,713,000 | 116,287,000 | 98,835,000 | 88,053,000 | 67,764,000 | 52,368,000 | 46,628,000 | 36,786,000 |
| total current liabilities | 275,568,000 | 265,505,000 | 193,157,000 | 162,401,000 | 132,587,000 | 139,148,000 | 123,600,000 | 116,650,000 | 86,910,000 | 65,245,000 | 65,951,000 | 61,427,000 |
| loans | 1,148,153,000 | 1,388,956,000 | 3,310,238,000 | 3,228,910,000 | 2,727,804,000 | 2,514,722,000 | 2,346,656,000 | 2,195,497,000 | 2,053,171,000 | 826,418,000 | 698,490,000 | 623,884,000 |
| hp & lease commitments | 76,320,000 | 72,929,000 | 78,914,000 | 79,392,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,878,000 | 1,853,000 | 841,000 |
| other liabilities | 0 | 0 | 304,000 | 163,000 | 0 | 0 | 0 | 2,932,000 | 6,186,000 | 32,259,000 | 29,282,000 | 0 |
| provisions | 25,032,000 | 11,254,000 | 35,478,000 | 48,386,000 | 37,966,000 | 88,450,000 | 102,172,000 | 117,310,000 | 125,196,000 | 10,217,000 | 14,977,000 | 17,871,000 |
| total long term liabilities | 587,383,000 | 700,435,000 | 1,673,162,000 | 1,638,811,000 | 1,382,885,000 | 1,302,742,000 | 1,224,930,000 | 1,160,352,000 | 1,096,921,000 | 874,772,000 | 744,602,000 | 642,596,000 |
| total liabilities | 862,951,000 | 965,940,000 | 1,866,319,000 | 1,801,212,000 | 1,515,472,000 | 1,441,890,000 | 1,348,530,000 | 1,277,002,000 | 1,183,831,000 | 940,017,000 | 810,553,000 | 704,023,000 |
| net assets | -210,588,000 | -267,295,000 | -1,179,900,000 | -1,022,968,000 | -787,860,000 | -630,161,000 | -422,373,000 | -288,345,000 | -209,603,000 | -182,332,000 | -106,964,000 | -49,647,000 |
| total shareholders funds | -210,588,000 | -267,295,000 | -1,179,900,000 | -1,022,968,000 | -787,860,000 | -630,161,000 | -422,373,000 | -288,345,000 | -209,603,000 | -182,332,000 | -106,964,000 | -49,647,000 |
| 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 | 81,836,000 | -11,438,000 | -7,810,000 | -83,442,000 | -39,960,000 | -100,760,000 | -22,693,000 | 11,593,000 | 24,397,000 | 18,572,000 | 14,494,000 | 7,351,000 |
| Depreciation | 22,774,000 | 27,832,000 | 33,795,000 | 33,658,000 | 21,116,000 | 21,745,000 | 20,702,000 | 18,750,000 | 16,857,000 | 13,623,000 | 11,815,000 | 11,196,000 |
| Amortisation | 22,774,000 | 27,832,000 | 30,125,000 | 30,525,000 | 30,941,000 | 32,079,000 | 32,784,000 | 31,647,000 | 29,328,000 | 33,989,000 | 29,329,000 | 26,803,000 |
| Tax | 24,941,000 | 9,695,000 | 6,388,000 | -8,657,000 | 9,733,000 | 11,435,000 | 11,229,000 | 7,813,000 | 2,881,000 | 1,980,000 | 1,908,000 | 2,211,000 |
| Stock | 278,000 | -28,169,000 | 8,983,000 | -3,347,000 | 7,130,000 | 1,561,000 | -841,000 | -1,676,000 | 14,653,000 | 1,335,000 | 511,000 | 5,727,000 |
| Debtors | 35,635,000 | -113,904,000 | 82,662,000 | 11,444,000 | -1,515,000 | -227,000 | -8,983,000 | 6,012,000 | -551,000 | 16,448,000 | 3,705,000 | 24,873,000 |
| Creditors | 4,391,000 | -16,415,000 | 3,578,000 | -1,269,000 | 2,521,000 | 1,211,000 | -1,232,000 | 3,736,000 | 6,269,000 | 4,447,000 | 603,000 | 7,827,000 |
| Accruals and Deferred Income | 5,965,000 | 90,055,000 | 26,968,000 | 19,242,000 | -11,574,000 | 17,452,000 | 10,782,000 | 20,289,000 | 9,518,000 | 9,765,000 | 10,854,000 | 37,627,000 |
| Deferred Taxes & Provisions | 13,778,000 | -24,224,000 | -12,908,000 | 10,420,000 | -50,484,000 | -13,722,000 | -15,138,000 | -7,886,000 | 114,979,000 | -4,760,000 | -2,894,000 | 17,871,000 |
| Cash flow from operations | 140,546,000 | 245,410,000 | -11,509,000 | -7,620,000 | -43,322,000 | -31,894,000 | 46,258,000 | 81,606,000 | 190,127,000 | 59,833,000 | 61,893,000 | 80,286,000 |
| Investing Activities | ||||||||||||
| capital expenditure | -23,535,000 | -14,467,000 | -12,018,000 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,000 | -50,000 | 80,000 | 4,000 |
| cash flow from investments | -23,485,000 | -14,547,000 | -12,022,000 | |||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,893,000 | -5,001,000 | 15,894,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -346,000 | 380,000 | 0 | -2,492,000 | 2,492,000 | -3,115,000 | -2,600,000 | 5,715,000 | 0 | 0 | -920,000 | 920,000 |
| Long term loans | -240,803,000 | -1,921,282,000 | 81,328,000 | 501,106,000 | 213,082,000 | 168,066,000 | 151,159,000 | 142,326,000 | 1,226,753,000 | 127,928,000 | 74,606,000 | 623,884,000 |
| Hire Purchase and Lease Commitments | 3,444,000 | -7,657,000 | -268,000 | 93,725,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -304,000 | 141,000 | 163,000 | 0 | 0 | -2,932,000 | -3,254,000 | -26,073,000 | 2,977,000 | 29,282,000 | 0 |
| share issue | ||||||||||||
| interest | -51,654,000 | -95,805,000 | -154,715,000 | -143,865,000 | -128,320,000 | -118,920,000 | -122,234,000 | -98,191,000 | -93,964,000 | -95,428,000 | -70,242,000 | -57,597,000 |
| cash flow from financing | -287,775,000 | -1,014,515,000 | -73,448,000 | 449,493,000 | 88,129,000 | 46,509,000 | 23,075,000 | 46,533,000 | 1,146,046,000 | 24,584,000 | 27,799,000 | 585,018,000 |
| cash and cash equivalents | ||||||||||||
| cash | 31,307,000 | 20,136,000 | -64,473,000 | 67,202,000 | -7,331,000 | 3,598,000 | -2,349,000 | -14,175,000 | 22,291,000 | -35,566,000 | 23,497,000 | 19,019,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 31,307,000 | 20,136,000 | -64,473,000 | 67,202,000 | -7,331,000 | 3,598,000 | -2,349,000 | -14,175,000 | 22,291,000 | -35,566,000 | 23,497,000 | 19,019,000 |
P&L
March 2023turnover
562.1m
-20%
operating profit
81.8m
-815%
gross margin
49.5%
+18.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-210.6m
-0.21%
total assets
652.4m
-0.07%
cash
63.2m
+0.98%
net assets
Total assets minus all liabilities
turnstone equityco 1 limited company details
company number
07496756
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
age
13
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
europa house, europa trading estate, manchester, M26 1GG
last accounts submitted
March 2023
turnstone equityco 1 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 found 1 charges/mortgages relating to turnstone equityco 1 limited. Currently there are 0 open charges and 1 have been satisfied in the past.
turnstone equityco 1 limited Companies House Filings - See Documents
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