kerridge commercial systems (bidco) limited
kerridge commercial systems (bidco) limited Company Information
Company Number
09353447
Website
https://www.kerridgecs.comRegistered Address
unit 2a herongate, charnham park, hungerford, berkshire, RG17 0YU
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
01488662000
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
kerridge commercial systems (midco) limited 100%
kerridge commercial systems (bidco) limited Estimated Valuation
Pomanda estimates the enterprise value of KERRIDGE COMMERCIAL SYSTEMS (BIDCO) LIMITED at £4.2m based on a Turnover of £3.5m and 1.22x industry multiple (adjusted for size and gross margin).
kerridge commercial systems (bidco) limited Estimated Valuation
Pomanda estimates the enterprise value of KERRIDGE COMMERCIAL SYSTEMS (BIDCO) LIMITED at £0 based on an EBITDA of £-336k and a 4.63x industry multiple (adjusted for size and gross margin).
kerridge commercial systems (bidco) limited Estimated Valuation
Pomanda estimates the enterprise value of KERRIDGE COMMERCIAL SYSTEMS (BIDCO) LIMITED at £76.8m based on Net Assets of £42.4m and 1.81x industry multiple (adjusted for liquidity).
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Kerridge Commercial Systems (bidco) Limited Overview
Kerridge Commercial Systems (bidco) Limited is a live company located in hungerford, RG17 0YU with a Companies House number of 09353447. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2014, it's largest shareholder is kerridge commercial systems (midco) limited with a 100% stake. Kerridge Commercial Systems (bidco) Limited is a established, small sized company, Pomanda has estimated its turnover at £3.5m with rapid growth in recent years.
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Kerridge Commercial Systems (bidco) Limited Health Check
Pomanda's financial health check has awarded Kerridge Commercial Systems (Bidco) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £3.5m, make it smaller than the average company (£19m)
£3.5m - Kerridge Commercial Systems (bidco) Limited
£19m - Industry AVG
Growth
3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (8.8%)
57% - Kerridge Commercial Systems (bidco) Limited
8.8% - Industry AVG
Production
with a gross margin of 34.6%, this company has a comparable cost of product (34.6%)
34.6% - Kerridge Commercial Systems (bidco) Limited
34.6% - Industry AVG
Profitability
an operating margin of -9.7% make it less profitable than the average company (4.6%)
-9.7% - Kerridge Commercial Systems (bidco) Limited
4.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (105)
2 - Kerridge Commercial Systems (bidco) Limited
105 - Industry AVG
Pay Structure
on an average salary of £391k, the company has a higher pay structure (£43k)
£391k - Kerridge Commercial Systems (bidco) Limited
£43k - Industry AVG
Efficiency
resulting in sales per employee of £1.7m, this is more efficient (£186.9k)
£1.7m - Kerridge Commercial Systems (bidco) Limited
£186.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Kerridge Commercial Systems (bidco) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (45 days)
1 days - Kerridge Commercial Systems (bidco) Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Kerridge Commercial Systems (bidco) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)
3 weeks - Kerridge Commercial Systems (bidco) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.2%, this is a similar level of debt than the average (69.3%)
67.2% - Kerridge Commercial Systems (bidco) Limited
69.3% - Industry AVG
KERRIDGE COMMERCIAL SYSTEMS (BIDCO) LIMITED financials
Kerridge Commercial Systems (Bidco) Limited's latest turnover from September 2023 is £3.5 million and the company has net assets of £42.4 million. According to their latest financial statements, Kerridge Commercial Systems (Bidco) Limited has 2 employees and maintains cash reserves of £6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,479,000 | 2,792,000 | 1,247,000 | 893,000 | 936,000 | 767,000 | 707,000 | 536,000 | 376,000 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | -336,000 | -604,000 | -98,000 | -613,000 | -94,000 | 9,000 | -65,000 | -38,000 | 52,000 |
| Interest Payable | 18,611,000 | 11,752,000 | 11,819,000 | 9,667,000 | 5,397,000 | 2,290,000 | 1,284,000 | 1,615,000 | 1,051,000 |
| Interest Receivable | 23,334,000 | 20,526,000 | 5,649,000 | 4,736,000 | 1,158,000 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 4,387,000 | 8,170,000 | -1,652,000 | -1,844,000 | -4,333,000 | 434,000 | -240,000 | 3,636,000 | -505,000 |
| Tax | 0 | 38,000 | -38,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 4,387,000 | 8,208,000 | -1,690,000 | -1,844,000 | -4,333,000 | 434,000 | -240,000 | 3,636,000 | -505,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250,000 |
| Retained Profit | 4,387,000 | 8,208,000 | -1,690,000 | -1,844,000 | -4,333,000 | 434,000 | -240,000 | 3,636,000 | -755,000 |
| Employee Costs | 782,000 | 844,000 | 563,000 | 514,000 | 459,000 | 504,000 | 251,000 | ||
| Number Of Employees | 2 | 2 | 6 | 2 | 4 | 4 | 4 | 4 | 4 |
| EBITDA* | -336,000 | -604,000 | -98,000 | -613,000 | -94,000 | 9,000 | -65,000 | -38,000 | 52,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 104,008,000 | 104,008,000 | 104,008,000 | 104,008,000 | 104,008,000 | 104,008,000 | 96,974,000 | 96,974,000 | 96,974,000 |
| Debtors (Due After 1 year) | 9,265,000 | 82,278,000 | 83,502,000 | 85,986,000 | 5,282,000 | 27,621,000 | 380,000 | 0 | 0 |
| Total Fixed Assets | 113,273,000 | 186,286,000 | 187,510,000 | 189,994,000 | 109,290,000 | 131,629,000 | 97,354,000 | 96,974,000 | 96,974,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 83,000 | 0 | 0 | 0 | 0 | 757,000 | 76,000 |
| Group Debtors | 9,849,000 | 2,244,000 | 2,137,000 | 7,940,000 | 12,604,000 | 0 | 0 | 0 | 0 |
| Misc Debtors | 399,000 | 556,000 | 318,000 | 178,000 | 138,000 | 122,000 | 95,000 | 97,000 | 58,000 |
| Cash | 5,991,000 | 3,060,000 | 1,040,000 | 2,901,000 | 3,824,000 | 91,000 | 87,000 | 189,000 | 357,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 16,239,000 | 5,860,000 | 3,578,000 | 11,019,000 | 16,566,000 | 213,000 | 182,000 | 1,043,000 | 491,000 |
| total assets | 129,512,000 | 192,146,000 | 191,088,000 | 201,013,000 | 125,856,000 | 131,842,000 | 97,536,000 | 98,017,000 | 97,465,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 83,799,000 | 0 | 0 | 7,500,000 | 0 | 3,000,000 | 1,421,000 | 1,172,000 | 948,000 |
| Trade Creditors | 9,000 | 166,000 | 45,000 | 101,000 | 40,000 | 1,000 | 0 | 45,000 | 13,000 |
| Group/Directors Accounts | 2,403,000 | 4,770,000 | 6,374,000 | 1,164,000 | 761,000 | 0 | 1,000 | 0 | 917,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 857,000 | 3,912,000 | 249,000 | 753,000 | 150,000 | 100,000 | 43,000 | 0 | 45,000 |
| total current liabilities | 87,068,000 | 8,848,000 | 6,668,000 | 9,518,000 | 951,000 | 3,101,000 | 1,465,000 | 1,217,000 | 1,923,000 |
| loans | 0 | 145,241,000 | 154,571,000 | 159,956,000 | 91,522,000 | 91,025,000 | 58,789,000 | 59,278,000 | 61,656,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 145,241,000 | 154,571,000 | 159,956,000 | 91,522,000 | 91,025,000 | 58,789,000 | 59,278,000 | 61,656,000 |
| total liabilities | 87,068,000 | 154,089,000 | 161,239,000 | 169,474,000 | 92,473,000 | 94,126,000 | 60,254,000 | 60,495,000 | 63,579,000 |
| net assets | 42,444,000 | 38,057,000 | 29,849,000 | 31,539,000 | 33,383,000 | 37,716,000 | 37,282,000 | 37,522,000 | 33,886,000 |
| total shareholders funds | 42,444,000 | 38,057,000 | 29,849,000 | 31,539,000 | 33,383,000 | 37,716,000 | 37,282,000 | 37,522,000 | 33,886,000 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -336,000 | -604,000 | -98,000 | -613,000 | -94,000 | 9,000 | -65,000 | -38,000 | 52,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 38,000 | -38,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -65,565,000 | -962,000 | -8,064,000 | 76,080,000 | -9,719,000 | 27,268,000 | -379,000 | 720,000 | 134,000 |
| Creditors | -157,000 | 121,000 | -56,000 | 61,000 | 39,000 | 1,000 | -45,000 | 32,000 | 13,000 |
| Accruals and Deferred Income | -3,055,000 | 3,663,000 | -504,000 | 603,000 | 50,000 | 57,000 | 43,000 | -45,000 | 45,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 62,017,000 | 4,180,000 | 7,368,000 | -76,029,000 | 9,714,000 | -27,201,000 | 312,000 | -771,000 | -24,000 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 7,034,000 | 0 | 0 | 96,974,000 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 83,799,000 | 0 | -7,500,000 | 7,500,000 | -3,000,000 | 1,579,000 | 249,000 | 224,000 | 948,000 |
| Group/Directors Accounts | -2,367,000 | -1,604,000 | 5,210,000 | 403,000 | 761,000 | -1,000 | 1,000 | -917,000 | 917,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -145,241,000 | -9,330,000 | -5,385,000 | 68,434,000 | 497,000 | 32,236,000 | -489,000 | -2,378,000 | 61,656,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 4,723,000 | 8,774,000 | -6,170,000 | -4,931,000 | -4,239,000 | -2,290,000 | -1,284,000 | -1,615,000 | -1,051,000 |
| cash flow from financing | -59,086,000 | -2,160,000 | -13,845,000 | 71,406,000 | -5,981,000 | 31,524,000 | -1,523,000 | -4,686,000 | 97,111,000 |
| cash and cash equivalents | |||||||||
| cash | 2,931,000 | 2,020,000 | -1,861,000 | -923,000 | 3,733,000 | 4,000 | -102,000 | -168,000 | 357,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,931,000 | 2,020,000 | -1,861,000 | -923,000 | 3,733,000 | 4,000 | -102,000 | -168,000 | 357,000 |
kerridge commercial systems (bidco) limited Credit Report and Business Information
Kerridge Commercial Systems (bidco) Limited Competitor Analysis
Perform a competitor analysis for kerridge commercial systems (bidco) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in RG17 area or any other competitors across 12 key performance metrics.
kerridge commercial systems (bidco) limited Ownership
KERRIDGE COMMERCIAL SYSTEMS (BIDCO) LIMITED group structure
Kerridge Commercial Systems (Bidco) Limited has 1 subsidiary company.
Ultimate parent company
2 parents
KERRIDGE COMMERCIAL SYSTEMS (BIDCO) LIMITED
09353447
1 subsidiary
kerridge commercial systems (bidco) limited directors
Kerridge Commercial Systems (Bidco) Limited currently has 2 directors. The longest serving directors include Mr Ian Bendelow (Feb 2015) and Mr Michael Jefferies (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Bendelow | 57 years | Feb 2015 | - | Director | |
| Mr Michael Jefferies | England | 47 years | Mar 2024 | - | Director |
P&L
September 2023turnover
3.5m
+25%
operating profit
-336k
-44%
gross margin
34.7%
-0.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
42.4m
+0.12%
total assets
129.5m
-0.33%
cash
6m
+0.96%
net assets
Total assets minus all liabilities
kerridge commercial systems (bidco) limited company details
company number
09353447
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
December 2014
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
florence bidco limited (October 2017)
accountant
-
auditor
RSM UK AUDIT LLP
address
unit 2a herongate, charnham park, hungerford, berkshire, RG17 0YU
Bank
HSBC BANK PLC
Legal Advisor
-
kerridge commercial systems (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 4 charges/mortgages relating to kerridge commercial systems (bidco) limited. Currently there are 1 open charges and 3 have been satisfied in the past.
kerridge commercial systems (bidco) limited Companies House Filings - See Documents
| date | description | view/download |
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