wheel bidco limited
wheel bidco limited Company Information
Company Number
08874787
Next Accounts
1489 days late
Industry
Other business support service activities n.e.c.
Directors
Shareholders
wheel holdco ltd
wcms limited
Group Structure
View All
Contact
Registered Address
29th floor 40 bank street, london, E14 5NR
Website
-wheel bidco limited Estimated Valuation
Pomanda estimates the enterprise value of WHEEL BIDCO LIMITED at £493.5m based on a Turnover of £414.1m and 1.19x industry multiple (adjusted for size and gross margin).
wheel bidco limited Estimated Valuation
Pomanda estimates the enterprise value of WHEEL BIDCO LIMITED at £0 based on an EBITDA of £-105.5m and a 8.48x industry multiple (adjusted for size and gross margin).
wheel bidco limited Estimated Valuation
Pomanda estimates the enterprise value of WHEEL BIDCO LIMITED at £0 based on Net Assets of £-136.9m and 2.37x industry multiple (adjusted for liquidity).
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Wheel Bidco Limited Overview
Wheel Bidco Limited is a live company located in london, E14 5NR with a Companies House number of 08874787. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2014, it's largest shareholder is wheel holdco ltd with a 99.1% stake. Wheel Bidco Limited is a established, mega sized company, Pomanda has estimated its turnover at £414.1m with healthy growth in recent years.
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Wheel Bidco Limited Health Check
Pomanda's financial health check has awarded Wheel Bidco Limited a 4 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
3 Regular
4 Weak
Size
annual sales of £414.1m, make it larger than the average company (£2.6m)
£414.1m - Wheel Bidco Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.4%)
13% - Wheel Bidco Limited
4.4% - Industry AVG
Production
with a gross margin of 37.2%, this company has a comparable cost of product (37.2%)
37.2% - Wheel Bidco Limited
37.2% - Industry AVG
Profitability
an operating margin of -27.6% make it less profitable than the average company (5.7%)
-27.6% - Wheel Bidco Limited
5.7% - Industry AVG
Employees
with 980 employees, this is above the industry average (22)
980 - Wheel Bidco Limited
22 - Industry AVG
Pay Structure
on an average salary of £40.2k, the company has an equivalent pay structure (£44.3k)
£40.2k - Wheel Bidco Limited
£44.3k - Industry AVG
Efficiency
resulting in sales per employee of £422.5k, this is more efficient (£147.6k)
£422.5k - Wheel Bidco Limited
£147.6k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is near the average (46 days)
53 days - Wheel Bidco Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 99 days, this is slower than average (33 days)
99 days - Wheel Bidco Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 155 days, this is more than average (28 days)
155 days - Wheel Bidco Limited
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (20 weeks)
2 weeks - Wheel Bidco Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 140.9%, this is a higher level of debt than the average (67.5%)
140.9% - Wheel Bidco Limited
67.5% - Industry AVG
WHEEL BIDCO LIMITED financials
Wheel Bidco Limited's latest turnover from December 2018 is £414.1 million and the company has net assets of -£136.9 million. According to their latest financial statements, Wheel Bidco Limited has 980 employees and maintains cash reserves of £15.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|
| Turnover | 414,095,263 | 392,865,648 | 319,042,629 | 290,110,526 | 138,170,473 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | -114,222,107 | -45,365,433 | -3,397,869 | 5,108,772 | -8,906,529 |
| Interest Payable | 27,339,719 | 28,193,114 | 25,460,924 | 21,636,842 | 9,911,707 |
| Interest Receivable | 723,962 | 551,384 | 827,708 | 736,842 | 119,704 |
| Pre-Tax Profit | -140,617,827 | -71,661,921 | -24,381,883 | -15,791,228 | -18,879,362 |
| Tax | 24,348,089 | 750,712 | 1,711,368 | 183,333 | 1,433,908 |
| Profit After Tax | -116,269,739 | -70,911,209 | -22,670,515 | -15,607,895 | -17,445,454 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -93,947,709 | -63,486,064 | -21,530,195 | -16,301,754 | -17,032,006 |
| Employee Costs | 39,389,076 | 32,548,969 | 22,845,471 | 18,535,088 | 8,463,367 |
| Number Of Employees | 980 | 963 | 982 | 559 | 315 |
| EBITDA* | -105,476,746 | -31,903,530 | 5,973,356 | 15,528,069 | -3,974,022 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|
| Tangible Assets | 69,127,621 | 119,680,732 | 75,292,185 | 96,904,386 | 53,198,064 |
| Intangible Assets | 39,945,638 | 104,575,891 | 150,327,709 | 152,663,158 | 154,681,212 |
| Investments & Other | 4,159,116 | 4,302,355 | 1,918,294 | 26,432,456 | 550,979 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 109,073,259 | 224,256,622 | 225,619,893 | 249,567,543 | 207,879,276 |
| Stock & work in progress | 110,566,054 | 115,750,280 | 101,199,822 | 120,878,947 | 130,483,063 |
| Trade Debtors | 60,968,159 | 61,271,033 | 52,585,258 | 46,873,684 | 34,770,354 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 27,506,579 |
| Cash | 15,335,231 | 15,794,287 | 19,843,694 | 23,868,421 | 24,869,683 |
| misc current assets | 33,192,683 | 24,711,364 | 38,087,922 | 15,916,667 | 93,387 |
| total current assets | 220,062,128 | 217,526,965 | 211,716,696 | 207,537,719 | 217,723,066 |
| total assets | 329,135,387 | 441,783,587 | 437,336,589 | 457,105,262 | 425,602,342 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 70,975,925 | 68,773,837 | 50,139,432 | 40,950,877 | 42,816,877 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 200,752,436 | 194,920,181 | 149,566,606 | 175,818,420 | 166,351,980 |
| total current liabilities | 271,728,363 | 263,694,020 | 199,706,039 | 216,769,298 | 209,168,860 |
| loans | 170,281,301 | 216,519,975 | 215,048,845 | 195,910,526 | 168,588,165 |
| 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 | 43,472,257 | 87,786,693 | 70,641,206 | 71,691,227 | 71,099,413 |
| total long term liabilities | 192,017,429 | 260,413,322 | 250,369,449 | 231,756,140 | 204,137,872 |
| total liabilities | 463,745,792 | 524,107,342 | 450,075,488 | 448,525,438 | 413,306,732 |
| net assets | -136,885,839 | -107,912,676 | -46,086,146 | -23,766,667 | -8,128,873 |
| total shareholders funds | -136,885,840 | -107,912,676 | -46,086,146 | -23,766,667 | -8,128,873 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -114,222,107 | -45,365,433 | -3,397,869 | 5,108,772 | -8,906,529 |
| Depreciation | 2,332,384 | 7,306,929 | 3,425,400 | 4,506,140 | 1,688,598 |
| Amortisation | 6,412,977 | 6,154,974 | 5,945,825 | 5,913,157 | 3,243,908 |
| Tax | 24,348,089 | 750,712 | 1,711,368 | 183,333 | 1,433,908 |
| Stock | -5,184,226 | 14,550,458 | -19,679,125 | -9,604,116 | 130,483,063 |
| Debtors | -302,873 | 8,685,775 | 5,711,573 | -15,403,249 | 62,276,933 |
| Creditors | 2,202,088 | 18,634,406 | 9,188,554 | -1,866,000 | 42,816,877 |
| Accruals and Deferred Income | 5,832,255 | 45,353,575 | -26,251,814 | 9,466,440 | 166,351,980 |
| Deferred Taxes & Provisions | -44,314,436 | 17,145,487 | -1,050,021 | 591,814 | 71,099,413 |
| Cash flow from operations | -111,921,651 | 26,744,417 | 3,538,995 | 48,911,021 | 84,968,159 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -143,239 | 2,384,061 | -24,514,162 | 25,881,477 | 550,979 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -46,238,674 | 1,471,130 | 19,138,319 | 27,322,361 | 168,588,165 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -26,615,757 | -27,641,730 | -24,633,216 | -20,900,000 | -9,792,003 |
| cash flow from financing | -7,879,886 | -24,511,066 | -6,284,181 | 7,086,322 | 167,699,295 |
| cash and cash equivalents | |||||
| cash | -459,056 | -4,049,407 | -4,024,727 | -1,001,262 | 24,869,683 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -459,056 | -4,049,407 | -4,024,727 | -1,001,262 | 24,869,683 |
wheel bidco limited Credit Report and Business Information
Wheel Bidco Limited Competitor Analysis
Perform a competitor analysis for wheel bidco limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in E14 area or any other competitors across 12 key performance metrics.
wheel bidco limited Ownership
WHEEL BIDCO LIMITED group structure
Wheel Bidco Limited has no subsidiary companies.
Ultimate parent company
WHEEL HOLDCO LTD
#0091879
2 parents
WHEEL BIDCO LIMITED
08874787
wheel bidco limited directors
Wheel Bidco Limited currently has 1 director, Mr Martino Gobbi serving since Oct 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martino Gobbi | United Kingdom | 42 years | Oct 2019 | - | Director |
P&L
December 2018turnover
414.1m
+5%
operating profit
-114.2m
+152%
gross margin
37.3%
-1.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
-136.9m
+0.27%
total assets
329.1m
-0.25%
cash
15.3m
-0.03%
net assets
Total assets minus all liabilities
wheel bidco limited company details
company number
08874787
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2014
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2018
previous names
crown holdco limited (February 2014)
accountant
-
auditor
DELOITTE LLP
address
29th floor 40 bank street, london, E14 5NR
Bank
-
Legal Advisor
-
wheel bidco 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 wheel bidco limited.
wheel bidco 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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wheel bidco limited Companies House Filings - See Documents
| date | description | view/download |
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