kellas midstream limited
kellas midstream limited Company Information
Company Number
09048880
Next Accounts
Sep 2025
Industry
Other business support service activities n.e.c.
Shareholders
kellas topco limited
Group Structure
View All
Contact
Registered Address
suite 1 7th floor, 50 broadway, london, SW1H 0BL
Website
http://cats-ml.comkellas midstream limited Estimated Valuation
Pomanda estimates the enterprise value of KELLAS MIDSTREAM LIMITED at £26.6m based on a Turnover of £24.9m and 1.07x industry multiple (adjusted for size and gross margin).
kellas midstream limited Estimated Valuation
Pomanda estimates the enterprise value of KELLAS MIDSTREAM LIMITED at £0 based on an EBITDA of £-2.2m and a 7.62x industry multiple (adjusted for size and gross margin).
kellas midstream limited Estimated Valuation
Pomanda estimates the enterprise value of KELLAS MIDSTREAM LIMITED at £343.9m based on Net Assets of £145.3m and 2.37x industry multiple (adjusted for liquidity).
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Kellas Midstream Limited Overview
Kellas Midstream Limited is a live company located in london, SW1H 0BL with a Companies House number of 09048880. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2014, it's largest shareholder is kellas topco limited with a 100% stake. Kellas Midstream Limited is a established, large sized company, Pomanda has estimated its turnover at £24.9m with rapid growth in recent years.
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Kellas Midstream Limited Health Check
Pomanda's financial health check has awarded Kellas Midstream Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £24.9m, make it larger than the average company (£4.8m)
£24.9m - Kellas Midstream Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (6.6%)
62% - Kellas Midstream Limited
6.6% - Industry AVG
Production
with a gross margin of 55.8%, this company has a lower cost of product (38.2%)
55.8% - Kellas Midstream Limited
38.2% - Industry AVG
Profitability
an operating margin of -9.1% make it less profitable than the average company (5.7%)
-9.1% - Kellas Midstream Limited
5.7% - Industry AVG
Employees
with 41 employees, this is above the industry average (27)
41 - Kellas Midstream Limited
27 - Industry AVG
Pay Structure
on an average salary of £229k, the company has a higher pay structure (£54k)
£229k - Kellas Midstream Limited
£54k - Industry AVG
Efficiency
resulting in sales per employee of £606.7k, this is more efficient (£171.5k)
£606.7k - Kellas Midstream Limited
£171.5k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (41 days)
8 days - Kellas Midstream Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (32 days)
5 days - Kellas Midstream Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Kellas Midstream Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (22 weeks)
1 weeks - Kellas Midstream Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84%, this is a higher level of debt than the average (62.4%)
84% - Kellas Midstream Limited
62.4% - Industry AVG
KELLAS MIDSTREAM LIMITED financials
Kellas Midstream Limited's latest turnover from December 2023 is £24.9 million and the company has net assets of £145.3 million. According to their latest financial statements, Kellas Midstream Limited has 41 employees and maintains cash reserves of £16.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 24,874,000 | 7,412,000 | 5,214,000 | 5,859,000 | 4,810,000 | 124,379,000 | 119,417,000 | 126,074,000 | 117,014,000 | 50,685,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 11,007,000 | 9,024,000 | 7,124,000 | 10,378,000 | 7,961,000 | 88,646,000 | 74,448,000 | 99,360,000 | 60,918,000 | 33,353,000 |
| Gross Profit | 13,867,000 | -1,612,000 | -1,910,000 | -4,519,000 | -3,151,000 | 35,733,000 | 44,969,000 | 26,714,000 | 56,096,000 | 17,332,000 |
| Admin Expenses | 16,128,000 | 9,316,000 | 4,015,000 | 2,997,000 | 1,431,000 | -983,000 | 4,380,000 | 4,520,000 | 16,753,000 | 6,471,000 |
| Operating Profit | -2,261,000 | -10,928,000 | -5,925,000 | -7,516,000 | -4,582,000 | 36,716,000 | 40,589,000 | 22,194,000 | 39,343,000 | 10,861,000 |
| Interest Payable | 2,000 | 15,000 | 21,715,000 | 25,817,000 | 27,836,000 | 31,933,000 | 36,374,000 | 36,435,000 | 26,541,000 | 12,453,000 |
| Interest Receivable | 281,000 | 0 | 2,946,000 | 2,959,000 | 3,042,000 | 28,000 | 139,000 | 319,000 | 96,000 | 3,837,000 |
| Pre-Tax Profit | -1,982,000 | -10,943,000 | -22,094,000 | 183,626,000 | -29,376,000 | 4,804,000 | 4,348,000 | -13,917,000 | 22,720,000 | 2,245,000 |
| Tax | -2,961,000 | -3,569,000 | 7,238,000 | 3,012,000 | 852,000 | -2,550,000 | -3,185,000 | 8,717,000 | 2,704,000 | -2,436,000 |
| Profit After Tax | -4,943,000 | -14,512,000 | -14,856,000 | 186,638,000 | -28,524,000 | 2,254,000 | 1,163,000 | -5,200,000 | 25,424,000 | -191,000 |
| Dividends Paid | 0 | 0 | 0 | 152,001,000 | 0 | 23,349,000 | 30,218,000 | 19,000,000 | 8,600,000 | 0 |
| Retained Profit | -4,943,000 | -14,512,000 | -14,856,000 | 34,637,000 | -28,524,000 | -21,095,000 | -29,055,000 | -24,200,000 | 16,824,000 | -191,000 |
| Employee Costs | 9,387,000 | 6,783,000 | 5,703,000 | 9,380,000 | 3,268,000 | 2,456,000 | 1,951,000 | 1,873,000 | 765,000 | 53,000 |
| Number Of Employees | 41 | 35 | 28 | 17 | 14 | 13 | 8 | 8 | 8 | 1 |
| EBITDA* | -2,206,000 | -10,838,000 | -5,835,000 | -7,426,000 | -4,495,000 | 78,957,000 | 80,351,000 | 61,958,000 | 66,026,000 | 24,051,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 330,000 | 38,000 | 779,486,000 | 851,748,000 | 308,000 | 723,037,000 | 733,773,000 | 754,636,000 | 803,004,000 | 548,742,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 141,606,000 | 141,519,000 | 138,750,000 | 137,973,000 | 98,768,000 |
| Investments & Other | 761,603,000 | 764,564,000 | 756,910,000 | 756,910,000 | 756,910,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 11,224,000 | 47,310,000 | 41,356,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 761,933,000 | 764,602,000 | 768,262,000 | 804,438,000 | 798,574,000 | 864,643,000 | 875,292,000 | 893,386,000 | 940,977,000 | 647,510,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 1,251,000 | 1,000,000 | 660,000 | 324,000 | 263,000 |
| Trade Debtors | 562,000 | 63,000 | 64,000 | 32,000 | 28,000 | 13,202,000 | 6,265,000 | 8,854,000 | 26,848,000 | 5,790,000 |
| Group Debtors | 129,189,000 | 83,635,000 | 44,033,000 | 62,956,000 | 79,749,000 | 65,000 | 1,476,000 | 0 | 0 | 0 |
| Misc Debtors | 323,000 | 749,000 | 331,000 | 512,000 | 855,000 | 12,873,000 | 6,500,000 | 22,342,000 | 17,074,000 | 14,638,000 |
| Cash | 16,632,000 | 7,868,000 | 3,347,000 | 1,914,000 | 3,854,000 | 24,803,000 | 19,736,000 | 29,259,000 | 47,334,000 | 26,410,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 1,266,000 | 324,000 | 0 | 0 |
| total current assets | 146,706,000 | 92,315,000 | 47,775,000 | 65,414,000 | 84,486,000 | 52,194,000 | 36,243,000 | 61,439,000 | 91,580,000 | 47,101,000 |
| total assets | 908,639,000 | 856,917,000 | 816,037,000 | 869,852,000 | 883,060,000 | 916,837,000 | 911,535,000 | 954,825,000 | 1,032,557,000 | 694,611,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 176,000 | 20,000 | 137,000 | 156,000 | 26,000 | 6,797,000 | 2,841,000 | 7,061,000 | 346,000 | 2,591,000 |
| Group/Directors Accounts | 758,138,000 | 705,930,000 | 0 | 0 | 105,653,000 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 404,312,000 | 6,400,000 | 9,600,000 | 6,400,000 | 5,000,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,054,000 | 2,304,000 | 653,810,000 | 42,202,000 | 4,222,000 | 35,016,000 | 25,838,000 | 34,464,000 | 65,786,000 | 54,475,000 |
| total current liabilities | 763,368,000 | 708,254,000 | 653,947,000 | 42,358,000 | 109,901,000 | 446,125,000 | 35,079,000 | 51,125,000 | 72,532,000 | 62,066,000 |
| loans | 0 | 0 | 0 | 897,487,000 | 633,936,000 | 447,947,000 | 1,221,482,000 | 1,230,027,000 | 1,230,219,000 | 827,479,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 292,324,000 | 290,848,000 | 281,782,000 | 330,562,000 | 240,922,000 |
| total long term liabilities | 0 | 0 | 0 | 651,543,000 | 633,936,000 | 371,689,000 | 759,378,000 | 761,209,000 | 784,249,000 | 539,093,000 |
| total liabilities | 763,368,000 | 708,254,000 | 653,947,000 | 693,901,000 | 743,837,000 | 817,814,000 | 794,457,000 | 812,334,000 | 856,781,000 | 601,159,000 |
| net assets | 145,271,000 | 148,663,000 | 162,090,000 | 175,951,000 | 139,223,000 | 99,023,000 | 117,078,000 | 142,491,000 | 175,776,000 | 93,452,000 |
| total shareholders funds | 145,271,000 | 148,663,000 | 162,090,000 | 175,951,000 | 139,223,000 | 99,023,000 | 117,078,000 | 142,491,000 | 175,776,000 | 93,452,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -2,261,000 | -10,928,000 | -5,925,000 | -7,516,000 | -4,582,000 | 36,716,000 | 40,589,000 | 22,194,000 | 39,343,000 | 10,861,000 |
| Depreciation | 55,000 | 90,000 | 90,000 | 90,000 | 87,000 | 42,241,000 | 39,762,000 | 39,764,000 | 26,683,000 | 13,190,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -2,961,000 | -3,569,000 | 7,238,000 | 3,012,000 | 852,000 | -2,550,000 | -3,185,000 | 8,717,000 | 2,704,000 | -2,436,000 |
| Stock | 0 | 0 | 0 | 0 | -1,251,000 | 251,000 | 340,000 | 336,000 | 61,000 | 263,000 |
| Debtors | 45,627,000 | 28,795,000 | -55,158,000 | -11,178,000 | 95,848,000 | 11,899,000 | -16,955,000 | -12,726,000 | 23,494,000 | 20,428,000 |
| Creditors | 156,000 | -117,000 | -19,000 | 130,000 | -6,771,000 | 3,956,000 | -4,220,000 | 6,715,000 | -2,245,000 | 2,591,000 |
| Accruals and Deferred Income | 2,750,000 | -651,506,000 | 611,608,000 | 37,980,000 | -30,794,000 | 9,178,000 | -8,626,000 | -31,322,000 | 11,311,000 | 54,475,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -292,324,000 | 1,476,000 | 9,066,000 | -48,780,000 | 89,640,000 | 240,922,000 |
| Cash flow from operations | -47,888,000 | -694,825,000 | 668,150,000 | 44,874,000 | -428,129,000 | 78,867,000 | 90,001,000 | 9,678,000 | 298,912,000 | |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | -2,961,000 | 7,654,000 | 0 | 0 | 756,910,000 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 52,208,000 | 705,930,000 | 0 | -105,653,000 | 105,653,000 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -404,312,000 | 397,912,000 | -3,200,000 | 3,200,000 | 1,400,000 | 5,000,000 |
| Long term loans | 0 | 0 | -897,487,000 | 263,551,000 | 185,989,000 | -773,535,000 | -8,545,000 | -192,000 | 402,740,000 | 827,479,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 279,000 | -15,000 | -18,769,000 | -22,858,000 | -24,794,000 | -31,905,000 | -36,235,000 | -36,116,000 | -26,445,000 | -8,616,000 |
| cash flow from financing | 54,038,000 | 707,000,000 | -915,261,000 | 137,131,000 | -68,740,000 | -404,488,000 | -44,338,000 | -42,193,000 | 443,195,000 | 917,506,000 |
| cash and cash equivalents | ||||||||||
| cash | 8,764,000 | 4,521,000 | 1,433,000 | -1,940,000 | -20,949,000 | 5,067,000 | -9,523,000 | -18,075,000 | 20,924,000 | 26,410,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 8,764,000 | 4,521,000 | 1,433,000 | -1,940,000 | -20,949,000 | 5,067,000 | -9,523,000 | -18,075,000 | 20,924,000 | 26,410,000 |
kellas midstream limited Credit Report and Business Information
Kellas Midstream Limited Competitor Analysis
Perform a competitor analysis for kellas midstream limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in SW1H area or any other competitors across 12 key performance metrics.
kellas midstream limited Ownership
KELLAS MIDSTREAM LIMITED group structure
Kellas Midstream Limited has 3 subsidiary companies.
Ultimate parent company
SILVERSTREAM HOLDINGS LTD
#0119497
2 parents
KELLAS MIDSTREAM LIMITED
09048880
3 subsidiaries
kellas midstream limited directors
Kellas Midstream Limited currently has 2 directors. The longest serving directors include Mr Thomas Luypaert (Jan 2020) and Mr Nathan Morgan (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Luypaert | United Kingdom | 37 years | Jan 2020 | - | Director |
| Mr Nathan Morgan | Scotland | 47 years | Feb 2023 | - | Director |
P&L
December 2023turnover
24.9m
+236%
operating profit
-2.3m
-79%
gross margin
55.8%
-356.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
145.3m
-0.02%
total assets
908.6m
+0.06%
cash
16.6m
+1.11%
net assets
Total assets minus all liabilities
kellas midstream limited company details
company number
09048880
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
cats management limited (December 2018)
cats bidco limited (May 2015)
accountant
-
auditor
ERNST & YOUNG LLP
address
suite 1 7th floor, 50 broadway, london, SW1H 0BL
Bank
-
Legal Advisor
-
kellas midstream 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 3 charges/mortgages relating to kellas midstream limited. Currently there are 1 open charges and 2 have been satisfied in the past.
kellas midstream 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.
Click to start generating capital raising & share issue transactions for KELLAS MIDSTREAM LIMITED. This can take several minutes, an email will notify you when this has completed.
kellas midstream limited Companies House Filings - See Documents
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