kingsway mezz hold co limited
kingsway mezz hold co limited Company Information
Company Number
09211115
Next Accounts
81 days late
Shareholders
sapphire properties (2016) limited
sapphire properties (2016) ltd
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
regent house, theobald street, borehamwood, hertfordshire, WD64RS
Website
-kingsway mezz hold co limited Estimated Valuation
Pomanda estimates the enterprise value of KINGSWAY MEZZ HOLD CO LIMITED at £27.9m based on a Turnover of £12.5m and 2.24x industry multiple (adjusted for size and gross margin).
kingsway mezz hold co limited Estimated Valuation
Pomanda estimates the enterprise value of KINGSWAY MEZZ HOLD CO LIMITED at £0 based on an EBITDA of £-873k and a 9.35x industry multiple (adjusted for size and gross margin).
kingsway mezz hold co limited Estimated Valuation
Pomanda estimates the enterprise value of KINGSWAY MEZZ HOLD CO LIMITED at £0 based on Net Assets of £-67.1m and 1.31x industry multiple (adjusted for liquidity).
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Kingsway Mezz Hold Co Limited Overview
Kingsway Mezz Hold Co Limited is a live company located in hertfordshire, WD64RS with a Companies House number of 09211115. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2014, it's largest shareholder is sapphire properties (2016) limited with a 90.8% stake. Kingsway Mezz Hold Co Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.5m with unknown growth in recent years.
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Kingsway Mezz Hold Co Limited Health Check
Pomanda's financial health check has awarded Kingsway Mezz Hold Co Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £12.5m, make it smaller than the average company (£18.1m)
£12.5m - Kingsway Mezz Hold Co Limited
£18.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Kingsway Mezz Hold Co Limited
- - Industry AVG
Production
with a gross margin of 76.1%, this company has a lower cost of product (35.1%)
76.1% - Kingsway Mezz Hold Co Limited
35.1% - Industry AVG
Profitability
an operating margin of -22.9% make it less profitable than the average company (5%)
-22.9% - Kingsway Mezz Hold Co Limited
5% - Industry AVG
Employees
with 100 employees, this is similar to the industry average (103)
100 - Kingsway Mezz Hold Co Limited
103 - Industry AVG
Pay Structure
on an average salary of £29.2k, the company has a lower pay structure (£41.6k)
£29.2k - Kingsway Mezz Hold Co Limited
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £124.7k, this is less efficient (£179.6k)
£124.7k - Kingsway Mezz Hold Co Limited
£179.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Kingsway Mezz Hold Co Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 377 days, this is slower than average (46 days)
377 days - Kingsway Mezz Hold Co Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (37 days)
5 days - Kingsway Mezz Hold Co Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
1 weeks - Kingsway Mezz Hold Co Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 140.6%, this is a higher level of debt than the average (68.8%)
140.6% - Kingsway Mezz Hold Co Limited
68.8% - Industry AVG
KINGSWAY MEZZ HOLD CO LIMITED financials
Kingsway Mezz Hold Co Limited's latest turnover from March 2023 is £12.5 million and the company has net assets of -£67.1 million. According to their latest financial statements, Kingsway Mezz Hold Co Limited has 100 employees and maintains cash reserves of £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 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,473,000 | 3,872,000 | 18,000 | 9,040,804 | 11,411,951 | 11,794,872 | 6,052,605 | ||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 2,976,000 | 1,132,000 | 36,000 | 54,000 | 3,270,365 | 3,694,125 | 4,166,652 | 2,005,332 | |
| Gross Profit | 9,497,000 | 2,740,000 | -18,000 | -54,000 | 5,770,439 | 7,717,826 | 7,628,220 | 4,047,273 | |
| Admin Expenses | 12,355,000 | 7,588,000 | 4,358,000 | 5,299,000 | 1,427,000 | 3,346,492 | 4,222,701 | 3,215,225 | 3,354,586 |
| Operating Profit | -2,858,000 | -4,848,000 | -4,376,000 | -5,353,000 | -1,427,000 | 2,423,947 | 3,495,125 | 4,412,995 | 692,687 |
| Interest Payable | 10,690,000 | 8,438,000 | 8,530,000 | 11,568,000 | 8,992,000 | 7,104,346 | 7,299,529 | 8,182,974 | 3,394,741 |
| Interest Receivable | 72,000 | 69,000 | 35,000 | 45,000 | 51,000 | 19,479 | 24,798 | 1,044,446 | 4,530 |
| Pre-Tax Profit | -13,476,000 | -13,217,000 | -12,871,000 | -3,393,000 | -10,368,000 | -4,562,548 | -3,576,844 | -2,765,618 | -2,697,524 |
| Tax | 3,859 | -150,332 | 15,142 | ||||||
| Profit After Tax | -13,476,000 | -13,217,000 | -12,871,000 | -3,393,000 | -10,368,000 | -4,562,548 | -3,572,985 | -2,915,950 | -2,682,382 |
| Dividends Paid | |||||||||
| Retained Profit | -13,476,000 | -13,217,000 | -12,871,000 | -3,393,000 | -10,368,000 | -4,562,548 | -3,572,985 | -2,915,950 | -2,682,382 |
| Employee Costs | 2,920,000 | 2,066,000 | 773,000 | 255,000 | 155,000 | 2,259,250 | 2,638,031 | 2,582,728 | 1,368,251 |
| Number Of Employees | 100 | 59 | 23 | 5 | 3 | 88 | 137 | 140 | 242 |
| EBITDA* | -873,000 | -2,648,000 | -1,897,000 | -3,174,000 | -539,000 | 3,407,374 | 4,676,068 | 5,298,879 | 1,224,894 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 158,575,000 | 160,505,000 | 162,127,000 | 161,242,000 | 136,551,000 | 114,476,001 | 96,735,030 | 96,358,377 | 96,547,541 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 158,575,000 | 160,505,000 | 162,127,000 | 161,242,000 | 136,551,000 | 114,476,001 | 96,735,030 | 96,358,377 | 96,547,541 |
| Stock & work in progress | 44,000 | 41,000 | 15,000 | 27,250 | 27,305 | 27,643 | |||
| Trade Debtors | 256,000 | 203,000 | 136,000 | 386 | 399,007 | 527,094 | 472,056 | ||
| Group Debtors | 3,522,000 | 5,900,000 | 5,592,000 | 5,871,000 | 2,509,000 | 887,208 | 8,485 | 2,707,110 | 74 |
| Misc Debtors | 919,000 | 216,000 | 128,000 | 22,000 | 541,000 | 291,140 | 117,969 | 269,670 | 881,626 |
| Cash | 2,043,000 | 6,676,000 | 416,000 | 36,000 | 16,929,000 | 16,332,081 | 14,052,428 | 14,338,828 | 2,131,097 |
| misc current assets | |||||||||
| total current assets | 6,528,000 | 13,089,000 | 6,354,000 | 5,929,000 | 20,115,000 | 17,510,815 | 14,605,139 | 17,870,007 | 3,512,496 |
| total assets | 165,103,000 | 173,594,000 | 168,481,000 | 167,171,000 | 156,666,000 | 131,986,816 | 111,340,169 | 114,228,384 | 100,060,037 |
| Bank overdraft | 112,454,000 | 61 | |||||||
| Bank loan | |||||||||
| Trade Creditors | 3,076,000 | 2,482,000 | 1,584,000 | 1,847,000 | 3,242,000 | 2,316,448 | 1,092,822 | 665,892 | 508,603 |
| Group/Directors Accounts | 45,461,000 | 42,030,000 | 39,863,000 | 37,661,000 | 32,002,000 | 24,615,663 | 16,945,918 | 502,059 | 3,704,339 |
| other short term finances | |||||||||
| hp & lease commitments | 1,528,000 | 1,498,000 | 1,469,000 | 1,440,000 | |||||
| other current liabilities | 13,720,000 | 14,368,000 | 11,904,000 | 5,770,000 | 1,372,000 | 1,378,985 | 2,072,537 | 3,206,438 | 3,172,356 |
| total current liabilities | 63,785,000 | 60,378,000 | 54,820,000 | 46,718,000 | 149,070,000 | 28,311,096 | 20,111,338 | 4,374,389 | 7,385,298 |
| loans | 92,628,000 | 93,869,000 | 83,866,000 | 75,855,000 | 16,878,000 | 103,926,411 | 100,400,000 | 115,452,179 | 95,356,973 |
| hp & lease commitments | 75,746,000 | 72,927,000 | 70,158,000 | 68,553,000 | |||||
| Accruals and Deferred Income | 3,537,000 | 1,337,000 | |||||||
| other liabilities | |||||||||
| provisions | 1,848,000 | 1,847,782 | |||||||
| total long term liabilities | 168,374,000 | 166,796,000 | 154,024,000 | 147,945,000 | 20,063,000 | 105,774,193 | 100,400,000 | 115,452,179 | 95,356,973 |
| total liabilities | 232,159,000 | 227,174,000 | 208,844,000 | 194,663,000 | 169,133,000 | 134,085,289 | 120,511,338 | 119,826,568 | 102,742,271 |
| net assets | -67,056,000 | -53,580,000 | -40,363,000 | -27,492,000 | -12,467,000 | -2,098,473 | -9,171,169 | -5,598,184 | -2,682,234 |
| total shareholders funds | -67,056,000 | -53,580,000 | -40,363,000 | -27,492,000 | -12,467,000 | -2,098,473 | -9,171,169 | -5,598,184 | -2,682,234 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -2,858,000 | -4,848,000 | -4,376,000 | -5,353,000 | -1,427,000 | 2,423,947 | 3,495,125 | 4,412,995 | 692,687 |
| Depreciation | 1,985,000 | 2,200,000 | 2,479,000 | 2,179,000 | 888,000 | 983,427 | 1,180,943 | 885,884 | 532,207 |
| Amortisation | |||||||||
| Tax | 3,859 | -150,332 | 15,142 | ||||||
| Stock | 3,000 | 26,000 | 15,000 | -27,250 | -55 | -338 | 27,643 | ||
| Debtors | -1,931,000 | 449,000 | 30,000 | 2,707,000 | 2,007,266 | 653,273 | -2,978,413 | 2,150,118 | 1,353,756 |
| Creditors | 594,000 | 898,000 | -263,000 | -1,395,000 | 925,552 | 1,223,626 | 426,930 | 157,289 | 508,603 |
| Accruals and Deferred Income | -648,000 | 2,464,000 | 2,597,000 | 6,598,000 | 1,330,015 | -693,552 | -1,133,901 | 34,082 | 3,172,356 |
| Deferred Taxes & Provisions | -1,848,000 | 218 | 1,847,782 | ||||||
| Cash flow from operations | 1,001,000 | 239,000 | 392,000 | -2,526,000 | -290,481 | 5,159,207 | 6,951,424 | 3,190,138 | 3,539,596 |
| Investing Activities | |||||||||
| capital expenditure | -22,962,000 | -5,200,698 | -1,557,596 | -696,720 | -97,079,748 | ||||
| Change in Investments | |||||||||
| cash flow from investments | -22,962,000 | -5,200,698 | -1,557,596 | -696,720 | -97,079,748 | ||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | 3,431,000 | 2,167,000 | 2,202,000 | 5,659,000 | 7,386,337 | 7,669,745 | 16,443,859 | -3,202,280 | 3,704,339 |
| Other Short Term Loans | |||||||||
| Long term loans | -1,241,000 | 10,003,000 | 8,011,000 | 58,977,000 | -87,048,411 | 3,526,411 | -15,052,179 | 20,095,206 | 95,356,973 |
| Hire Purchase and Lease Commitments | 2,849,000 | 2,798,000 | 1,634,000 | 69,993,000 | |||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | -10,618,000 | -8,369,000 | -8,495,000 | -11,523,000 | -8,941,000 | -7,084,867 | -7,274,731 | -7,138,528 | -3,390,211 |
| cash flow from financing | -5,579,000 | 6,599,000 | 3,352,000 | 111,474,000 | -88,603,601 | 15,746,533 | -5,883,051 | 9,754,398 | 95,671,249 |
| cash and cash equivalents | |||||||||
| cash | -4,633,000 | 6,260,000 | 380,000 | -16,893,000 | 596,919 | 2,279,653 | -286,400 | 12,207,731 | 2,131,097 |
| overdraft | -112,454,000 | 112,454,000 | -61 | 61 | |||||
| change in cash | -4,633,000 | 6,260,000 | 380,000 | 95,561,000 | -111,857,081 | 2,279,714 | -286,461 | 12,207,731 | 2,131,097 |
kingsway mezz hold co limited Credit Report and Business Information
Kingsway Mezz Hold Co Limited Competitor Analysis
Perform a competitor analysis for kingsway mezz hold co limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in WD6 area or any other competitors across 12 key performance metrics.
kingsway mezz hold co limited Ownership
KINGSWAY MEZZ HOLD CO LIMITED group structure
Kingsway Mezz Hold Co Limited has 1 subsidiary company.
Ultimate parent company
ABBEY CARE HOMES LTD
#0032866
KW HOLDINGS CO LTD
#0043449
2 parents
KINGSWAY MEZZ HOLD CO LIMITED
09211115
1 subsidiary
kingsway mezz hold co limited directors
Kingsway Mezz Hold Co Limited currently has 2 directors. The longest serving directors include Mr Rishi Sachdev (Sep 2014) and Mr Uday Vyas (Sep 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rishi Sachdev | United Kingdom | 49 years | Sep 2014 | - | Director |
| Mr Uday Vyas | United Kingdom | 46 years | Sep 2014 | - | Director |
P&L
March 2023turnover
12.5m
+222%
operating profit
-2.9m
-41%
gross margin
76.2%
+7.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-67.1m
+0.25%
total assets
165.1m
-0.05%
cash
2m
-0.69%
net assets
Total assets minus all liabilities
kingsway mezz hold co limited company details
company number
09211115
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
September 2014
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
STERLING
address
regent house, theobald street, borehamwood, hertfordshire, WD64RS
Bank
-
Legal Advisor
-
kingsway mezz hold co 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 4 charges/mortgages relating to kingsway mezz hold co limited. Currently there are 0 open charges and 4 have been satisfied in the past.
kingsway mezz hold co 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 KINGSWAY MEZZ HOLD CO LIMITED. This can take several minutes, an email will notify you when this has completed.
kingsway mezz hold co limited Companies House Filings - See Documents
| date | description | view/download |
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