project farm bidco limited
project farm bidco limited Company Information
Company Number
09794282
Website
kynetec.comRegistered Address
kynetec weston court, weston, newbury, berkshire, RG20 8JE
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Directors
Peter McDowell8 Years
Shareholders
kynetec bidco uk ltd 100%
project farm bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT FARM BIDCO LIMITED at £277.4k based on a Turnover of £246.5k and 1.13x industry multiple (adjusted for size and gross margin).
project farm bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT FARM BIDCO LIMITED at £0 based on an EBITDA of £-213k and a 4.29x industry multiple (adjusted for size and gross margin).
project farm bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT FARM BIDCO LIMITED at £172.6m based on Net Assets of £95.4m and 1.81x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Project Farm Bidco Limited Overview
Project Farm Bidco Limited is a live company located in newbury, RG20 8JE with a Companies House number of 09794282. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2015, it's largest shareholder is kynetec bidco uk ltd with a 100% stake. Project Farm Bidco Limited is a young, micro sized company, Pomanda has estimated its turnover at £246.5k with healthy growth in recent years.
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Project Farm Bidco Limited Health Check
Pomanda's financial health check has awarded Project Farm Bidco Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £246.5k, make it smaller than the average company (£19m)
£246.5k - Project Farm Bidco Limited
£19m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (8.8%)
6% - Project Farm 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% - Project Farm Bidco Limited
34.6% - Industry AVG
Profitability
an operating margin of -86.5% make it less profitable than the average company (4.6%)
-86.5% - Project Farm Bidco Limited
4.6% - Industry AVG
Employees
with 4 employees, this is below the industry average (105)
4 - Project Farm Bidco Limited
105 - Industry AVG
Pay Structure
on an average salary of £93.8k, the company has a higher pay structure (£43k)
£93.8k - Project Farm Bidco Limited
£43k - Industry AVG
Efficiency
resulting in sales per employee of £61.6k, this is less efficient (£186.9k)
£61.6k - Project Farm Bidco Limited
£186.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Project Farm Bidco Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (45 days)
10 days - Project Farm Bidco Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Project Farm Bidco Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Project Farm Bidco Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.5%, this is a lower level of debt than the average (69.3%)
7.5% - Project Farm Bidco Limited
69.3% - Industry AVG
PROJECT FARM BIDCO LIMITED financials
Project Farm Bidco Limited's latest turnover from September 2023 is £246.5 thousand and the company has net assets of £95.4 million. According to their latest financial statements, Project Farm Bidco Limited has 4 employees and maintains cash reserves of 0 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 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 246,492 | 382,465 | 171,543 | 204,886 | 288,980 | 781,981 | 2,096,926 | 2,589,975 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | -213,252 | 62,241 | -1,566,985 | -889,962 | 781,981 | 2,096,926 | 598,434 | |
| Interest Payable | 2,182,779 | 9,570,470 | 8,987,700 | 6,037,225 | 3,274,318 | 3,267,118 | 3,929,294 | 0 |
| Interest Receivable | 6,340,558 | 5,696,370 | 5,479,422 | 5,931,505 | 2,489,616 | 3,124,301 | 1,856,483 | 1,213,493 |
| Pre-Tax Profit | 3,944,527 | -3,811,859 | -5,075,263 | -1,918,588 | -1,674,664 | 17,473 | -2,280,828 | 74,648 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 3,944,527 | -3,811,859 | -5,075,263 | -1,918,588 | -1,674,664 | 17,473 | -2,280,828 | 74,648 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,944,527 | -3,811,859 | -5,075,263 | -1,918,588 | -1,674,664 | 17,473 | -2,280,828 | 74,648 |
| Employee Costs | 375,186 | 285,318 | 329,706 | 307,954 | 310,273 | 447,398 | 1,024,814 | 258,271 |
| Number Of Employees | 4 | 4 | 6 | 6 | 4 | 7 | 11 | 11 |
| EBITDA* | -212,975 | 62,241 | -1,566,985 | -887,832 | 791,549 | 2,102,375 | 600,411 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,161 | 0 | 0 | 181 | 1,079 | 3,209 | 10,082 | 13,347 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 7,414 | 7,414 |
| Investments & Other | 34,230,474 | 34,230,474 | 20,850,262 | 20,850,262 | 19,623,145 | 18,519,488 | 16,397,912 | 16,283,494 |
| Debtors (Due After 1 year) | 8,815,036 | 66,171,773 | 59,673,747 | 57,899,136 | 27,113,878 | 24,329,938 | 19,687,858 | 14,535,062 |
| Total Fixed Assets | 43,048,671 | 100,402,247 | 80,524,009 | 78,749,579 | 46,738,102 | 42,852,635 | 36,103,266 | 30,839,317 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 117,617 | 0 | 0 | 0 |
| Group Debtors | 60,082,255 | 6,930,933 | 12,310,581 | 4,824,694 | 4,390,118 | 2,040,195 | 198,195 | 2,721,880 |
| Misc Debtors | 1,119 | 1,326 | 965 | 159,635 | 7,083 | 9,517 | 98,285 | 178,490 |
| Cash | 0 | 2,689 | 87 | 1,170 | 432 | 242,642 | 661,710 | 59,721 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 60,083,374 | 6,934,948 | 12,311,633 | 4,985,499 | 4,515,250 | 2,292,354 | 958,190 | 2,960,091 |
| total assets | 103,132,045 | 107,337,195 | 92,835,642 | 83,735,078 | 51,253,352 | 45,144,989 | 37,061,456 | 33,799,408 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,804 | 0 | 0 | 566 | 12,075 | 16,480 | 30,715 | 195,674 |
| Group/Directors Accounts | 1,742,121 | 9,970,007 | 8,177,372 | 3,614,215 | 2,970,115 | 391,408 | 2,550,660 | 2,999,184 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 55,438 | 47,580 | 69,024 | 129,596 | 50,684 | 43,329 | 114,273 | 805,648 |
| total current liabilities | 1,802,363 | 10,017,587 | 8,246,396 | 3,744,377 | 3,032,874 | 451,217 | 2,695,648 | 4,000,506 |
| loans | 5,938,386 | 96,366,069 | 92,963,277 | 83,289,469 | 52,083,748 | 46,882,378 | 36,571,887 | 29,724,153 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 5,938,386 | 96,366,069 | 92,963,277 | 83,289,469 | 52,083,748 | 46,882,378 | 36,571,887 | 29,724,153 |
| total liabilities | 7,740,749 | 106,383,656 | 101,209,673 | 87,033,846 | 55,116,622 | 47,333,595 | 39,267,535 | 33,724,659 |
| net assets | 95,391,296 | 953,539 | -8,374,031 | -3,298,768 | -3,863,270 | -2,188,606 | -2,206,079 | 74,749 |
| total shareholders funds | 95,391,296 | 953,539 | -8,374,031 | -3,298,768 | -3,863,270 | -2,188,606 | -2,206,079 | 74,749 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -213,252 | 62,241 | -1,566,985 | -889,962 | 781,981 | 2,096,926 | 598,434 | |
| Depreciation | 277 | 0 | 0 | 898 | 2,130 | 9,568 | 5,449 | 1,977 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -4,205,622 | 1,118,739 | 9,101,828 | 31,254,769 | 5,249,046 | 6,395,312 | 2,548,906 | 17,435,432 |
| Creditors | 4,804 | 0 | -566 | -11,509 | -4,405 | -14,235 | -164,959 | 195,674 |
| Accruals and Deferred Income | 7,858 | -21,444 | -60,572 | 78,912 | 7,355 | -70,944 | -691,375 | 805,648 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 4,005,309 | -1,077,942 | -10,729,951 | -6,133,928 | -5,688,942 | -1,302,865 | -15,833,699 | |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 13,380,212 | 0 | 1,227,117 | 1,103,657 | 2,121,576 | 114,418 | 16,283,494 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -8,227,886 | 1,792,635 | 4,563,157 | 644,100 | 2,578,707 | -2,159,252 | -448,524 | 2,999,184 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -90,427,683 | 3,402,792 | 9,673,808 | 31,205,721 | 5,201,370 | 10,310,491 | 6,847,734 | 29,724,153 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 4,157,779 | -3,874,100 | -3,508,278 | -105,720 | -784,702 | -142,817 | -2,072,811 | 1,213,493 |
| cash flow from financing | -4,004,560 | 14,460,756 | 10,728,687 | 34,227,191 | 6,995,375 | 8,008,422 | 4,326,399 | 33,936,931 |
| cash and cash equivalents | ||||||||
| cash | -2,689 | 2,602 | -1,083 | 738 | -242,210 | -419,068 | 601,989 | 59,721 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,689 | 2,602 | -1,083 | 738 | -242,210 | -419,068 | 601,989 | 59,721 |
project farm bidco limited Credit Report and Business Information
Project Farm Bidco Limited Competitor Analysis
Perform a competitor analysis for project farm bidco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in RG20 area or any other competitors across 12 key performance metrics.
project farm bidco limited Ownership
PROJECT FARM BIDCO LIMITED group structure
Project Farm Bidco Limited has 2 subsidiary companies.
Ultimate parent company
PSP KYNETEC CAYMAN HOLDINGS L.P.
#0134488
2 parents
PROJECT FARM BIDCO LIMITED
09794282
2 subsidiaries
project farm bidco limited directors
Project Farm Bidco Limited currently has 1 director, Mr Peter McDowell serving since Jan 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter McDowell | United Kingdom | 53 years | Jan 2016 | - | Director |
P&L
September 2023turnover
246.5k
-36%
operating profit
-213.3k
-443%
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
95.4m
+99.04%
total assets
103.1m
-0.04%
cash
0
-1%
net assets
Total assets minus all liabilities
project farm bidco limited company details
company number
09794282
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 2015
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
aghoco 1343 limited (October 2015)
accountant
-
auditor
GRANT THORNTON UK LLP
address
kynetec weston court, weston, newbury, berkshire, RG20 8JE
Bank
LLOYDS TSB BANK PLC
Legal Advisor
ADDLESHAW GODDARD LLP
project farm 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 17 charges/mortgages relating to project farm bidco limited. Currently there are 4 open charges and 13 have been satisfied in the past.
project farm bidco limited Companies House Filings - See Documents
| date | description | view/download |
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