angel acquisitions limited
angel acquisitions limited Company Information
Company Number
08389984
Next Accounts
Nov 2024
Industry
Temporary employment agency activities
Shareholders
ace equity holdco (cayman) ltd
tosca opportunity
View AllGroup Structure
View All
Contact
Registered Address
the pinnacle, 170 midsummer boulevard, milton keynes, MK9 1FE
Website
hclsocialcare.comangel acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of ANGEL ACQUISITIONS LIMITED at £70.2m based on a Turnover of £196.7m and 0.36x industry multiple (adjusted for size and gross margin).
angel acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of ANGEL ACQUISITIONS LIMITED at £20.3m based on an EBITDA of £3.1m and a 6.55x industry multiple (adjusted for size and gross margin).
angel acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of ANGEL ACQUISITIONS LIMITED at £25.1m based on Net Assets of £15.3m and 1.64x industry multiple (adjusted for liquidity).
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Angel Acquisitions Limited Overview
Angel Acquisitions Limited is a dissolved company that was located in milton keynes, MK9 1FE with a Companies House number of 08389984. It operated in the temporary employment agency activities sector, SIC Code 78200. Founded in February 2013, it's largest shareholder was ace equity holdco (cayman) ltd with a 51.5% stake. The last turnover for Angel Acquisitions Limited was estimated at £196.7m.
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Angel Acquisitions Limited Health Check
Pomanda's financial health check has awarded Angel Acquisitions Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £196.7m, make it larger than the average company (£10.4m)
£196.7m - Angel Acquisitions Limited
£10.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.8%)
5% - Angel Acquisitions Limited
7.8% - Industry AVG
Production
with a gross margin of 20.2%, this company has a comparable cost of product (16.9%)
20.2% - Angel Acquisitions Limited
16.9% - Industry AVG
Profitability
an operating margin of -0.8% make it less profitable than the average company (2.6%)
-0.8% - Angel Acquisitions Limited
2.6% - Industry AVG
Employees
with 498 employees, this is above the industry average (66)
498 - Angel Acquisitions Limited
66 - Industry AVG
Pay Structure
on an average salary of £50.8k, the company has a higher pay structure (£39k)
£50.8k - Angel Acquisitions Limited
£39k - Industry AVG
Efficiency
resulting in sales per employee of £395k, this is more efficient (£259.2k)
£395k - Angel Acquisitions Limited
£259.2k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is near the average (50 days)
58 days - Angel Acquisitions Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is close to average (4 days)
5 days - Angel Acquisitions Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Angel Acquisitions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (4 weeks)
1 weeks - Angel Acquisitions Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.8%, this is a similar level of debt than the average (75.6%)
77.8% - Angel Acquisitions Limited
75.6% - Industry AVG
ANGEL ACQUISITIONS LIMITED financials
Angel Acquisitions Limited's latest turnover from January 2017 is £196.7 million and the company has net assets of £15.3 million. According to their latest financial statements, Angel Acquisitions Limited has 498 employees and maintains cash reserves of £900 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2017 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|
| Turnover | 196,700,000 | 184,600,000 | 168,000,000 | 164,700,000 | 196,800,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 156,900,000 | 150,100,000 | 136,100,000 | 131,500,000 | 157,100,000 |
| Gross Profit | 39,800,000 | 34,500,000 | 31,900,000 | 33,200,000 | 39,700,000 |
| Admin Expenses | 41,400,000 | 38,400,000 | |||
| Operating Profit | -1,600,000 | -3,900,000 | |||
| Interest Payable | 3,200,000 | 3,100,000 | 2,900,000 | 5,900,000 | 5,300,000 |
| Interest Receivable | 4,100,000 | 19,500,000 | 300,000 | 600,000 | 300,000 |
| Pre-Tax Profit | -1,800,000 | 12,500,000 | -7,400,000 | -24,700,000 | -49,600,000 |
| Tax | 200,000 | 800,000 | -1,400,000 | 0 | 6,600,000 |
| Profit After Tax | -1,600,000 | 13,300,000 | -8,800,000 | -24,700,000 | -43,000,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,600,000 | 13,300,000 | -8,800,000 | -24,700,000 | -43,000,000 |
| Employee Costs | 25,300,000 | 22,500,000 | 21,500,000 | 23,900,000 | 26,400,000 |
| Number Of Employees | 498 | 493 | 463 | 488 | 543 |
| EBITDA* | 3,100,000 | -600,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2017 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|
| Tangible Assets | 700,000 | 900,000 | 1,000,000 | 1,400,000 | 2,300,000 |
| Intangible Assets | 33,800,000 | 32,500,000 | 31,400,000 | 35,800,000 | 51,400,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 34,500,000 | 33,400,000 | 32,400,000 | 37,200,000 | 53,700,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 31,700,000 | 26,000,000 | 20,200,000 | 18,200,000 | 19,700,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,800,000 | 1,300,000 | 2,900,000 | 1,500,000 | 2,100,000 |
| Cash | 900,000 | 600,000 | 8,600,000 | 5,000,000 | 9,300,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 34,400,000 | 27,900,000 | 31,700,000 | 24,700,000 | 31,100,000 |
| total assets | 68,900,000 | 61,300,000 | 64,100,000 | 61,900,000 | 84,800,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 700,000 | 1,300,000 |
| Trade Creditors | 2,200,000 | 1,900,000 | 700,000 | 500,000 | 900,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 2,600,000 | 1,500,000 | 0 | 200,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 23,100,000 | 18,300,000 | 17,500,000 | 19,300,000 | 21,400,000 |
| total current liabilities | 27,900,000 | 21,700,000 | 18,200,000 | 20,700,000 | 23,600,000 |
| loans | 43,200,000 | 35,000,000 | 80,000,000 | 64,400,000 | 77,600,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 8,200,000 | 9,000,000 | 10,200,000 | 8,200,000 | 10,800,000 |
| total long term liabilities | 25,700,000 | 22,000,000 | 45,100,000 | 36,300,000 | 44,200,000 |
| total liabilities | 53,600,000 | 43,700,000 | 63,300,000 | 57,000,000 | 67,800,000 |
| net assets | 15,300,000 | 17,600,000 | 800,000 | 4,900,000 | 17,000,000 |
| total shareholders funds | 15,300,000 | 17,600,000 | 800,000 | 4,900,000 | 15,800,000 |
| Jan 2017 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -1,600,000 | -3,900,000 | |||
| Depreciation | 400,000 | 500,000 | 500,000 | 1,000,000 | 700,000 |
| Amortisation | 4,300,000 | 2,800,000 | 3,200,000 | 12,100,000 | 41,700,000 |
| Tax | 200,000 | 800,000 | -1,400,000 | 0 | 6,600,000 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 6,200,000 | 27,300,000 | 3,400,000 | -2,100,000 | 21,800,000 |
| Creditors | 300,000 | 1,900,000 | 200,000 | -400,000 | 900,000 |
| Accruals and Deferred Income | 4,800,000 | 18,300,000 | -1,800,000 | -2,100,000 | 21,400,000 |
| Deferred Taxes & Provisions | -800,000 | 9,000,000 | 2,000,000 | -2,600,000 | 10,800,000 |
| Cash flow from operations | 1,400,000 | 2,100,000 | |||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | -700,000 | -600,000 | 1,300,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 1,100,000 | 1,500,000 | -200,000 | 200,000 | 0 |
| Long term loans | 8,200,000 | 35,000,000 | 15,600,000 | -13,200,000 | 77,600,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 900,000 | 16,400,000 | -2,600,000 | -5,300,000 | -5,000,000 |
| cash flow from financing | 9,500,000 | 57,200,000 | 16,800,000 | -5,100,000 | 132,700,000 |
| cash and cash equivalents | |||||
| cash | 300,000 | 600,000 | 3,600,000 | -4,300,000 | 9,300,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 300,000 | 600,000 | 3,600,000 | -4,300,000 | 9,300,000 |
angel acquisitions limited Credit Report and Business Information
Angel Acquisitions Limited Competitor Analysis
Perform a competitor analysis for angel acquisitions limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in MK9 area or any other competitors across 12 key performance metrics.
angel acquisitions limited Ownership
ANGEL ACQUISITIONS LIMITED group structure
Angel Acquisitions Limited has 2 subsidiary companies.
Ultimate parent company
ANGEL ACQUISITIONS LIMITED
08389984
2 subsidiaries
angel acquisitions limited directors
Angel Acquisitions Limited currently has 5 directors. The longest serving directors include Mr William Phillips (Feb 2013) and Mr Michael Dennis (Feb 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Phillips | United Kingdom | 59 years | Feb 2013 | - | Director |
| Mr Michael Dennis | United Kingdom | 48 years | Feb 2013 | - | Director |
| Mr Michael Warren | England | 65 years | Sep 2017 | - | Director |
| Mr Stephen Burke | England | 64 years | Sep 2017 | - | Director |
| Mr Daniel Sinclair | 42 years | Sep 2017 | - | Director |
P&L
January 2017turnover
196.7m
+7%
operating profit
-1.6m
-59%
gross margin
20.3%
+8.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2017net assets
15.3m
-0.13%
total assets
68.9m
+0.12%
cash
900k
+0.5%
net assets
Total assets minus all liabilities
angel acquisitions limited company details
company number
08389984
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
February 2013
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
January 2017
previous names
N/A
accountant
-
auditor
-
address
the pinnacle, 170 midsummer boulevard, milton keynes, MK9 1FE
Bank
-
Legal Advisor
-
angel acquisitions 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 angel acquisitions limited.
angel acquisitions limited Companies House Filings - See Documents
| date | description | view/download |
|---|
