romaco spv 2 limited
romaco spv 2 limited Company Information
Company Number
10179215
Next Accounts
Sep 2025
Shareholders
romaco limited
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
15 carnarvon street, manchester, M3 1HJ
Website
romafinance.co.ukromaco spv 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ROMACO SPV 2 LIMITED at £1.8b based on a Turnover of £661.9m and 2.72x industry multiple (adjusted for size and gross margin).
romaco spv 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ROMACO SPV 2 LIMITED at £63.3m based on an EBITDA of £6.7m and a 9.39x industry multiple (adjusted for size and gross margin).
romaco spv 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ROMACO SPV 2 LIMITED at £3.4m based on Net Assets of £2.6m and 1.31x industry multiple (adjusted for liquidity).
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Romaco Spv 2 Limited Overview
Romaco Spv 2 Limited is a live company located in manchester, M3 1HJ with a Companies House number of 10179215. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in May 2016, it's largest shareholder is romaco limited with a 100% stake. Romaco Spv 2 Limited is a young, mega sized company, Pomanda has estimated its turnover at £661.9m with rapid growth in recent years.
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Romaco Spv 2 Limited Health Check
Pomanda's financial health check has awarded Romaco Spv 2 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £822.7m, make it larger than the average company (£4.6m)
- Romaco Spv 2 Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (3.7%)
- Romaco Spv 2 Limited
3.7% - Industry AVG
Production
with a gross margin of 56.6%, this company has a comparable cost of product (56.6%)
- Romaco Spv 2 Limited
56.6% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (9.9%)
- Romaco Spv 2 Limited
9.9% - Industry AVG
Employees
with 4000 employees, this is above the industry average (13)
- Romaco Spv 2 Limited
13 - Industry AVG
Pay Structure
on an average salary of £75.3k, the company has an equivalent pay structure (£75.3k)
- Romaco Spv 2 Limited
£75.3k - Industry AVG
Efficiency
resulting in sales per employee of £205.7k, this is equally as efficient (£205.7k)
- Romaco Spv 2 Limited
£205.7k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is near the average (33 days)
- Romaco Spv 2 Limited
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Romaco Spv 2 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Romaco Spv 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (31 weeks)
0 weeks - Romaco Spv 2 Limited
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97%, this is a higher level of debt than the average (68.9%)
97% - Romaco Spv 2 Limited
68.9% - Industry AVG
ROMACO SPV 2 LIMITED financials
Romaco Spv 2 Limited's latest turnover from December 2023 is estimated at £661.9 million and the company has net assets of £2.6 million. According to their latest financial statements, we estimate that Romaco Spv 2 Limited has 2,957 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 3 | 3 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | ||||||||
| Stock & work in progress | ||||||||
| Trade Debtors | 81,518,210 | 75,195,896 | 36,685,035 | 13,348,425 | 21,247,523 | 20,884,665 | 15,386,555 | 11,163,166 |
| Group Debtors | 230,000 | 480,445 | 22,073 | |||||
| Misc Debtors | 761,912 | 310,601 | 817,599 | 2 | 454,816 | 238,819 | 139,158 | 183,822 |
| Cash | 2,952,948 | 344,544 | 259,828 | 3,266,329 | 528,122 | 546,430 | 598,049 | 209,063 |
| misc current assets | ||||||||
| total current assets | 85,233,070 | 75,851,041 | 37,762,462 | 16,614,756 | 22,460,461 | 22,150,359 | 16,145,835 | 11,556,051 |
| total assets | 85,233,070 | 75,851,041 | 37,762,462 | 16,614,756 | 22,460,461 | 22,150,359 | 16,145,835 | 11,556,051 |
| Bank overdraft | 6,863,005 | |||||||
| Bank loan | 67,594,822 | 54,912,896 | 26,934,733 | 7,747,563 | 13,897,083 | 14,047,359 | 10,000,000 | |
| Trade Creditors | 312 | 131,556 | 6,000 | 1,350 | ||||
| Group/Directors Accounts | 11,499,109 | 14,516,940 | 7,570,726 | 4,623,556 | 5,030,182 | 4,868,698 | 3,013,746 | 708,454 |
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 1,877,895 | 2,460,441 | 1,668,994 | 2,495,908 | 1,980,146 | 2,128,592 | 2,433,649 | 3,756,975 |
| total current liabilities | 80,972,138 | 71,890,277 | 36,306,009 | 14,873,027 | 20,907,411 | 21,044,649 | 15,448,745 | 11,328,434 |
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 1,666,934 | 1,666,934 | ||||||
| provisions | ||||||||
| total long term liabilities | 1,666,934 | 1,666,934 | ||||||
| total liabilities | 82,639,072 | 73,557,211 | 36,306,009 | 14,873,027 | 20,907,411 | 21,044,649 | 15,448,745 | 11,328,434 |
| net assets | 2,593,998 | 2,293,830 | 1,456,453 | 1,741,729 | 1,553,050 | 1,105,710 | 697,090 | 227,617 |
| total shareholders funds | 2,593,998 | 2,293,830 | 1,456,453 | 1,741,729 | 1,553,050 | 1,105,710 | 697,090 | 227,617 |
| Dec 2023 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | ||||||||
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | ||||||||
| Debtors | 44,777,488 | 38,003,863 | 24,154,207 | -8,583,912 | 328,410 | 6,056,143 | 4,200,798 | 11,346,988 |
| Creditors | -131,244 | -131,556 | 125,556 | 6,000 | -1,350 | 1,350 | ||
| Accruals and Deferred Income | 208,901 | 791,447 | -826,914 | 515,762 | -148,446 | -305,057 | -1,323,326 | 3,756,975 |
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 40,660,089 | 27,978,163 | 19,187,170 | -6,149,520 | -150,276 | 4,047,359 | 10,000,000 | |
| Group/Directors Accounts | 3,928,383 | 6,946,214 | 2,947,170 | -406,626 | 161,484 | 1,854,952 | 2,305,292 | 708,454 |
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | 1,666,934 | 1,666,934 | ||||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 2,693,120 | 84,716 | -3,006,501 | 2,738,207 | -18,308 | -51,619 | 388,986 | 209,063 |
| overdraft | -6,863,005 | 6,863,005 | ||||||
| change in cash | 2,693,120 | 84,716 | -3,006,501 | 2,738,207 | -18,308 | -51,619 | 7,251,991 | -6,653,942 |
romaco spv 2 limited Credit Report and Business Information
Romaco Spv 2 Limited Competitor Analysis
Perform a competitor analysis for romaco spv 2 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in M 3 area or any other competitors across 12 key performance metrics.
romaco spv 2 limited Ownership
ROMACO SPV 2 LIMITED group structure
Romaco Spv 2 Limited has no subsidiary companies.
Ultimate parent company
2 parents
ROMACO SPV 2 LIMITED
10179215
romaco spv 2 limited directors
Romaco Spv 2 Limited currently has 5 directors. The longest serving directors include Mr Keith Richardson (May 2016) and Mr Philip Hodari (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Keith Richardson | 65 years | May 2016 | - | Director | |
| Mr Philip Hodari | 64 years | Jun 2016 | - | Director | |
| Mr Scott Marshall | 51 years | Jun 2016 | - | Director | |
| Mr Michael Allison | United Kingdom | 46 years | Apr 2024 | - | Director |
| Mr Matthew Severs | United Kingdom | 47 years | Apr 2024 | - | Director |
P&L
December 2023turnover
661.9m
+128%
operating profit
6.7m
0%
gross margin
53.9%
-8.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.6m
+0.78%
total assets
85.2m
+1.26%
cash
3m
+10.37%
net assets
Total assets minus all liabilities
romaco spv 2 limited company details
company number
10179215
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
LOPIAN GROSS BARNETT & CO
auditor
-
address
15 carnarvon street, manchester, M3 1HJ
Bank
-
Legal Advisor
-
romaco spv 2 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 9 charges/mortgages relating to romaco spv 2 limited. Currently there are 3 open charges and 6 have been satisfied in the past.
romaco spv 2 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 ROMACO SPV 2 LIMITED. This can take several minutes, an email will notify you when this has completed.
romaco spv 2 limited Companies House Filings - See Documents
| date | description | view/download |
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