harvest midco limited
harvest midco limited Company Information
Group Structure
View All
Industry
Activities of head offices
Registered Address
2 the square, southall lane, southall, middlesex, UB2 5NH
Website
superiorfoods.co.ukharvest midco limited Estimated Valuation
Pomanda estimates the enterprise value of HARVEST MIDCO LIMITED at £237.1m based on a Turnover of £248.5m and 0.95x industry multiple (adjusted for size and gross margin).
harvest midco limited Estimated Valuation
Pomanda estimates the enterprise value of HARVEST MIDCO LIMITED at £0 based on an EBITDA of £-5.2m and a 7.08x industry multiple (adjusted for size and gross margin).
harvest midco limited Estimated Valuation
Pomanda estimates the enterprise value of HARVEST MIDCO LIMITED at £0 based on Net Assets of £-2.4m and 2.13x industry multiple (adjusted for liquidity).
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Harvest Midco Limited Overview
Harvest Midco Limited is a dissolved company that was located in southall, UB2 5NH with a Companies House number of 09453817. It operated in the activities of head offices sector, SIC Code 70100. Founded in February 2015, it's largest shareholder was new midco limited with a 100% stake. The last turnover for Harvest Midco Limited was estimated at £248.5m.
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Harvest Midco Limited Health Check
Pomanda's financial health check has awarded Harvest Midco Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £248.5m, make it larger than the average company (£18m)
£248.5m - Harvest Midco Limited
£18m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Harvest Midco Limited
- - Industry AVG
Production
with a gross margin of 23.2%, this company has a higher cost of product (32.3%)
23.2% - Harvest Midco Limited
32.3% - Industry AVG
Profitability
an operating margin of -8.3% make it less profitable than the average company (4.9%)
-8.3% - Harvest Midco Limited
4.9% - Industry AVG
Employees
with 2358 employees, this is above the industry average (116)
2358 - Harvest Midco Limited
116 - Industry AVG
Pay Structure
on an average salary of £24.6k, the company has a lower pay structure (£40k)
£24.6k - Harvest Midco Limited
£40k - Industry AVG
Efficiency
resulting in sales per employee of £105.4k, this is less efficient (£163.6k)
£105.4k - Harvest Midco Limited
£163.6k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (48 days)
48 days - Harvest Midco Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is slower than average (47 days)
54 days - Harvest Midco Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is less than average (42 days)
8 days - Harvest Midco Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Harvest Midco Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.3%, this is a higher level of debt than the average (61%)
102.3% - Harvest Midco Limited
61% - Industry AVG
HARVEST MIDCO LIMITED financials
Harvest Midco Limited's latest turnover from September 2018 is £248.5 million and the company has net assets of -£2.4 million. According to their latest financial statements, Harvest Midco Limited has 2,358 employees and maintains cash reserves of £830 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2018 | Sep 2017 | Mar 2016 | |
|---|---|---|---|
| Turnover | 248,529,000 | 372,982,000 | 327,614,000 |
| Other Income Or Grants | 0 | 0 | 0 |
| Cost Of Sales | 190,829,000 | 290,167,000 | 247,483,000 |
| Gross Profit | 57,700,000 | 82,815,000 | 80,131,000 |
| Admin Expenses | 78,217,000 | 127,233,000 | 94,796,000 |
| Operating Profit | -20,517,000 | -44,418,000 | -14,665,000 |
| Interest Payable | 4,213,000 | 9,900,000 | 12,508,000 |
| Interest Receivable | 0 | 7,000 | 7,000 |
| Pre-Tax Profit | -54,875,000 | -54,311,000 | -27,166,000 |
| Tax | -3,322,000 | 3,265,000 | 513,000 |
| Profit After Tax | -58,197,000 | -51,046,000 | -26,653,000 |
| Dividends Paid | 0 | 0 | 0 |
| Retained Profit | -58,197,000 | -51,046,000 | -26,653,000 |
| Employee Costs | 58,117,000 | 90,836,000 | 62,968,000 |
| Number Of Employees | 2,358 | 2,422 | 2,879 |
| EBITDA* | -5,210,000 | -20,817,000 | 1,738,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2018 | Sep 2017 | Mar 2016 | |
|---|---|---|---|
| Tangible Assets | 8,504,000 | 9,487,000 | 10,856,000 |
| Intangible Assets | 46,255,000 | 88,308,000 | 106,224,000 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 54,759,000 | 97,795,000 | 117,080,000 |
| Stock & work in progress | 4,381,000 | 3,786,000 | 4,413,000 |
| Trade Debtors | 32,750,000 | 34,528,000 | 49,200,000 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 8,992,000 | 8,841,000 | 12,197,000 |
| Cash | 830,000 | 80,000 | 17,532,000 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 46,953,000 | 47,235,000 | 83,342,000 |
| total assets | 101,712,000 | 145,030,000 | 200,422,000 |
| Bank overdraft | 0 | 1,682,000 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 28,307,000 | 24,970,000 | 35,675,000 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 19,486,000 | 11,659,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 13,822,000 | 13,388,000 | 24,555,000 |
| total current liabilities | 61,615,000 | 51,699,000 | 60,230,000 |
| loans | 34,995,000 | 32,415,000 | 139,850,000 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 975,000 | 1,077,000 | 200,000 |
| other liabilities | 0 | 0 | 0 |
| provisions | 6,506,000 | 4,021,000 | 8,235,000 |
| total long term liabilities | 42,476,000 | 37,513,000 | 148,285,000 |
| total liabilities | 104,091,000 | 89,212,000 | 208,515,000 |
| net assets | -2,379,000 | 55,818,000 | -8,093,000 |
| total shareholders funds | -2,379,000 | 55,818,000 | -8,093,000 |
| Sep 2018 | Sep 2017 | Mar 2016 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -20,517,000 | -44,418,000 | -14,665,000 |
| Depreciation | 3,236,000 | 5,416,000 | 3,367,000 |
| Amortisation | 12,071,000 | 18,185,000 | 13,036,000 |
| Tax | -3,322,000 | 3,265,000 | 513,000 |
| Stock | 595,000 | -627,000 | 4,413,000 |
| Debtors | -1,627,000 | -18,028,000 | 61,397,000 |
| Creditors | 3,337,000 | -10,705,000 | 35,675,000 |
| Accruals and Deferred Income | 332,000 | -10,290,000 | 24,755,000 |
| Deferred Taxes & Provisions | 2,485,000 | -4,214,000 | 8,235,000 |
| Cash flow from operations | -1,346,000 | -24,106,000 | 5,106,000 |
| Investing Activities | |||
| capital expenditure | -2,554,000 | -5,954,000 | -130,641,000 |
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | -2,554,000 | -5,954,000 | -130,641,000 |
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 7,827,000 | 11,659,000 | 0 |
| Long term loans | 2,580,000 | -107,435,000 | 139,850,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | -4,213,000 | -9,893,000 | -12,501,000 |
| cash flow from financing | 6,194,000 | 9,288,000 | 145,909,000 |
| cash and cash equivalents | |||
| cash | 750,000 | -17,452,000 | 17,532,000 |
| overdraft | -1,682,000 | 1,682,000 | 0 |
| change in cash | 2,432,000 | -19,134,000 | 17,532,000 |
harvest midco limited Credit Report and Business Information
Harvest Midco Limited Competitor Analysis
Perform a competitor analysis for harvest midco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in UB2 area or any other competitors across 12 key performance metrics.
harvest midco limited Ownership
HARVEST MIDCO LIMITED group structure
Harvest Midco Limited has 1 subsidiary company.
Ultimate parent company
2 parents
HARVEST MIDCO LIMITED
09453817
1 subsidiary
harvest midco limited directors
Harvest Midco Limited currently has 1 director, Mr Diarmuid Conifrey serving since Apr 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Diarmuid Conifrey | 57 years | Apr 2020 | - | Director |
P&L
September 2018turnover
248.5m
-33%
operating profit
-20.5m
-54%
gross margin
23.3%
+4.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2018net assets
-2.4m
-1.04%
total assets
101.7m
-0.3%
cash
830k
+9.38%
net assets
Total assets minus all liabilities
harvest midco limited company details
company number
09453817
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
February 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2018
previous names
N/A
accountant
-
auditor
GRANT THORNTON UK LLP
address
2 the square, southall lane, southall, middlesex, UB2 5NH
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
harvest midco 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 1 charges/mortgages relating to harvest midco limited. Currently there are 1 open charges and 0 have been satisfied in the past.
harvest midco 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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harvest midco limited Companies House Filings - See Documents
| date | description | view/download |
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