lock bidco limited
lock bidco limited Company Information
Company Number
09268374
Website
http://mvfglobal.comRegistered Address
1st & 2nd floors, wenlock works, 1a shepherdess walk, london, N1 7QE
Industry
Other business support service activities n.e.c.
Telephone
02035953800
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
lock midco 2 limited 100%
lock bidco limited Estimated Valuation
Pomanda estimates the enterprise value of LOCK BIDCO LIMITED at £0 based on a Turnover of £0 and 0.55x industry multiple (adjusted for size and gross margin).
lock bidco limited Estimated Valuation
Pomanda estimates the enterprise value of LOCK BIDCO LIMITED at £864.6k based on an EBITDA of £204.9k and a 4.22x industry multiple (adjusted for size and gross margin).
lock bidco limited Estimated Valuation
Pomanda estimates the enterprise value of LOCK BIDCO LIMITED at £39.4m based on Net Assets of £15.3m and 2.57x industry multiple (adjusted for liquidity).
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Lock Bidco Limited Overview
Lock Bidco Limited is a live company located in london, N1 7QE with a Companies House number of 09268374. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 2014, it's largest shareholder is lock midco 2 limited with a 100% stake. Lock Bidco Limited is a established, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.
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Lock Bidco Limited Health Check
Pomanda's financial health check has awarded Lock Bidco Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 4 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
4 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Lock Bidco Limited
- - Industry AVG
Growth
3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (4%)
- - Lock Bidco Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Lock Bidco Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Lock Bidco Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (20)
- Lock Bidco Limited
- - Industry AVG
Pay Structure
on an average salary of £43.6k, the company has an equivalent pay structure (£43.6k)
- Lock Bidco Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Lock Bidco Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Lock Bidco Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Lock Bidco Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lock Bidco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (28 weeks)
- - Lock Bidco Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.9%, this is a higher level of debt than the average (60.5%)
- - Lock Bidco Limited
- - Industry AVG
LOCK BIDCO LIMITED financials
Lock Bidco Limited's latest turnover from March 2023 is 0 and the company has net assets of £15.3 million. According to their latest financial statements, we estimate that Lock Bidco Limited has 1 employee and maintains cash reserves of £229 thousand 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 | 0 | 0 | 99,178,000 | 112,222,000 | 91,123,000 | 70,889,000 | 54,257,000 | 39,010,000 | 4,208,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 50,581,000 | 58,625,000 | 46,933,000 | 33,953,000 | 26,143,000 | 18,305,000 | 2,072,000 | ||
| Gross Profit | 48,597,000 | 53,597,000 | 44,190,000 | 36,936,000 | 28,114,000 | 20,705,000 | 2,136,000 | ||
| Admin Expenses | 45,708,000 | 49,947,000 | 40,752,000 | 34,109,000 | 23,680,000 | 19,002,000 | 2,492,000 | ||
| Operating Profit | 2,889,000 | 3,650,000 | 3,438,000 | 2,827,000 | 4,434,000 | 1,703,000 | -356,000 | ||
| Interest Payable | 5,146,000 | 4,226,000 | 1,446,000 | 456,000 | 518,000 | 477,000 | 520,000 | 654,000 | 80,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 3,000 | 12,000 | 18,000 | 1,000 |
| Pre-Tax Profit | -6,355,000 | -5,325,000 | 1,443,000 | 3,194,000 | 2,920,000 | 2,353,000 | 3,926,000 | 1,067,000 | -435,000 |
| Tax | 0 | 0 | -1,904,000 | -1,618,000 | -1,400,000 | -1,832,000 | -1,443,000 | -907,000 | -189,000 |
| Profit After Tax | -6,355,000 | -5,325,000 | -461,000 | 1,576,000 | 1,520,000 | 521,000 | 2,483,000 | 160,000 | -624,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -6,355,000 | -5,325,000 | -461,000 | 1,576,000 | 1,520,000 | 521,000 | 2,483,000 | 160,000 | -624,000 |
| Employee Costs | 27,134,000 | 23,801,000 | 20,499,000 | 16,821,000 | 12,453,000 | 9,671,000 | 935,000 | ||
| Number Of Employees | 494 | 505 | 448 | 392 | 332 | 278 | 218 | ||
| EBITDA* | 14,004,000 | 17,594,000 | 16,118,000 | 13,753,000 | 11,622,000 | 8,406,000 | 54,000 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 7,991,000 | 1,659,000 | 1,275,000 | 1,700,000 | 1,445,000 | 1,588,000 | 211,000 |
| Intangible Assets | 0 | 0 | 31,905,000 | 38,432,000 | 46,394,000 | 56,416,000 | 52,024,000 | 57,423,000 | 63,995,000 |
| Investments & Other | 68,939,000 | 68,939,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 68,939,000 | 68,939,000 | 39,896,000 | 40,091,000 | 47,669,000 | 58,116,000 | 53,469,000 | 59,011,000 | 64,206,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 11,697,000 | 11,919,000 | 10,098,000 | 9,274,000 | 6,677,000 | 5,979,000 | 4,422,000 |
| Group Debtors | 20,093,000 | 20,093,000 | 676,000 | 1,378,000 | 959,000 | 905,000 | 716,000 | 504,000 | 389,000 |
| Misc Debtors | 515,000 | 178,000 | 3,928,000 | 3,081,000 | 2,760,000 | 1,276,000 | 1,002,000 | 153,000 | 1,806,000 |
| Cash | 229,000 | 266,000 | 11,314,000 | 30,619,000 | 19,996,000 | 12,989,000 | 15,044,000 | 10,662,000 | 4,086,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 20,837,000 | 20,537,000 | 27,615,000 | 46,997,000 | 33,813,000 | 24,444,000 | 23,439,000 | 17,298,000 | 10,703,000 |
| total assets | 89,776,000 | 89,476,000 | 67,511,000 | 87,088,000 | 81,482,000 | 82,560,000 | 76,908,000 | 76,309,000 | 74,909,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 1,584,000 | 1,083,000 | 478,000 | 1,260,000 | 840,000 | 843,000 | 633,000 | 420,000 | 210,000 |
| Trade Creditors | 0 | 0 | 9,105,000 | 6,717,000 | 6,070,000 | 4,844,000 | 3,441,000 | 3,115,000 | 2,194,000 |
| Group/Directors Accounts | 9,197,000 | 4,771,000 | 14,593,000 | 57,543,000 | 57,208,000 | 57,206,000 | 57,063,000 | 56,953,000 | 56,931,000 |
| other short term finances | 0 | 0 | 341,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 23,000 | 9,000 | 10,313,000 | 7,349,000 | 3,673,000 | 6,753,000 | 2,565,000 | 4,567,000 | 3,683,000 |
| total current liabilities | 10,804,000 | 5,863,000 | 34,830,000 | 72,869,000 | 67,791,000 | 69,646,000 | 63,702,000 | 65,055,000 | 63,018,000 |
| loans | 63,625,000 | 61,911,000 | 26,122,000 | 7,688,000 | 8,874,000 | 9,632,000 | 10,372,000 | 10,897,000 | 11,250,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,000 | 743,000 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 226,000 | 0 |
| provisions | 0 | 0 | 907,000 | 344,000 | 226,000 | 226,000 | 284,000 | 0 | 0 |
| total long term liabilities | 63,625,000 | 61,911,000 | 27,029,000 | 8,032,000 | 9,100,000 | 9,858,000 | 10,656,000 | 11,193,000 | 11,993,000 |
| total liabilities | 74,429,000 | 67,774,000 | 61,859,000 | 80,901,000 | 76,891,000 | 79,504,000 | 74,358,000 | 76,248,000 | 75,011,000 |
| net assets | 15,347,000 | 21,702,000 | 5,652,000 | 6,187,000 | 4,591,000 | 3,056,000 | 2,550,000 | 61,000 | -102,000 |
| total shareholders funds | 15,347,000 | 21,702,000 | 5,652,000 | 6,187,000 | 4,591,000 | 3,056,000 | 2,550,000 | 61,000 | -102,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 2,889,000 | 3,650,000 | 3,438,000 | 2,827,000 | 4,434,000 | 1,703,000 | -356,000 | ||
| Depreciation | 0 | 0 | 634,000 | 806,000 | 798,000 | 594,000 | 471,000 | 222,000 | 15,000 |
| Amortisation | 0 | 0 | 10,481,000 | 13,138,000 | 11,882,000 | 10,332,000 | 6,717,000 | 6,481,000 | 395,000 |
| Tax | 0 | 0 | -1,904,000 | -1,618,000 | -1,400,000 | -1,832,000 | -1,443,000 | -907,000 | -189,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 337,000 | 3,970,000 | -77,000 | 2,561,000 | 2,362,000 | 3,060,000 | 1,759,000 | 19,000 | 6,617,000 |
| Creditors | 0 | -9,105,000 | 2,388,000 | 647,000 | 1,226,000 | 1,403,000 | 326,000 | 921,000 | 2,194,000 |
| Accruals and Deferred Income | 14,000 | -10,304,000 | 2,964,000 | 3,676,000 | -3,080,000 | 4,188,000 | -2,072,000 | 211,000 | 4,426,000 |
| Deferred Taxes & Provisions | 0 | -907,000 | 563,000 | 118,000 | 0 | -58,000 | 284,000 | 0 | 0 |
| Cash flow from operations | 18,092,000 | 17,856,000 | 10,502,000 | 14,394,000 | 6,958,000 | 8,612,000 | -132,000 | ||
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -3,032,000 | 107,000 | 0 | ||
| Change in Investments | 0 | 68,939,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -3,032,000 | 107,000 | 0 | ||
| Financing Activities | |||||||||
| Bank loans | 501,000 | 605,000 | -782,000 | 420,000 | -3,000 | 210,000 | 213,000 | 210,000 | 210,000 |
| Group/Directors Accounts | 4,426,000 | -9,822,000 | -42,950,000 | 335,000 | 2,000 | 143,000 | 110,000 | 22,000 | 56,931,000 |
| Other Short Term Loans | 0 | -341,000 | 341,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,714,000 | 35,789,000 | 18,434,000 | -1,186,000 | -758,000 | -740,000 | -525,000 | -353,000 | 11,250,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -226,000 | 226,000 | 0 |
| share issue | |||||||||
| interest | -5,146,000 | -4,226,000 | -1,446,000 | -456,000 | -518,000 | -474,000 | -508,000 | -636,000 | -79,000 |
| cash flow from financing | 1,495,000 | 43,380,000 | -26,477,000 | -867,000 | -1,262,000 | -876,000 | -930,000 | -528,000 | 68,834,000 |
| cash and cash equivalents | |||||||||
| cash | -37,000 | -11,048,000 | -19,305,000 | 10,623,000 | 7,007,000 | -2,055,000 | 4,382,000 | 6,576,000 | 4,086,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -37,000 | -11,048,000 | -19,305,000 | 10,623,000 | 7,007,000 | -2,055,000 | 4,382,000 | 6,576,000 | 4,086,000 |
lock bidco limited Credit Report and Business Information
Lock Bidco Limited Competitor Analysis
Perform a competitor analysis for lock bidco limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other established companies, companies in N 1 area or any other competitors across 12 key performance metrics.
lock bidco limited Ownership
LOCK BIDCO LIMITED group structure
Lock Bidco Limited has 1 subsidiary company.
Ultimate parent company
2 parents
LOCK BIDCO LIMITED
09268374
1 subsidiary
lock bidco limited directors
Lock Bidco Limited currently has 2 directors. The longest serving directors include Mr Michael Winn (Nov 2020) and Miss Elizabeth Deeming (Jun 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Winn | England | 45 years | Nov 2020 | - | Director |
| Miss Elizabeth Deeming | England | 47 years | Jun 2023 | - | Director |
P&L
March 2023turnover
0
0%
operating profit
204.9k
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
15.3m
-0.29%
total assets
89.8m
0%
cash
229k
-0.14%
net assets
Total assets minus all liabilities
lock bidco limited company details
company number
09268374
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
October 2014
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
bdc bidco 67 limited (December 2014)
accountant
-
auditor
KPMG LLP
address
1st & 2nd floors, wenlock works, 1a shepherdess walk, london, N1 7QE
Bank
-
Legal Advisor
-
lock 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 found 2 charges/mortgages relating to lock bidco limited. Currently there are 1 open charges and 1 have been satisfied in the past.
lock bidco limited Companies House Filings - See Documents
| date | description | view/download |
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