gle midco 2 limited
gle midco 2 limited Company Information
Company Number
10212212
Website
-Registered Address
merchants house north, wapping road, bristol, BS1 4RW
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
gle midco limited 100%
gle midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of GLE MIDCO 2 LIMITED at £0 based on a Turnover of £0 and 1.21x industry multiple (adjusted for size and gross margin).
gle midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of GLE MIDCO 2 LIMITED at £88m based on an EBITDA of £19.2m and a 4.58x industry multiple (adjusted for size and gross margin).
gle midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of GLE MIDCO 2 LIMITED at £143.3m based on Net Assets of £83.8m and 1.71x industry multiple (adjusted for liquidity).
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Gle Midco 2 Limited Overview
Gle Midco 2 Limited is a live company located in bristol, BS1 4RW with a Companies House number of 10212212. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 2016, it's largest shareholder is gle midco limited with a 100% stake. Gle Midco 2 Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.
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Gle Midco 2 Limited Health Check
Pomanda's financial health check has awarded Gle Midco 2 Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 2 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Gle Midco 2 Limited
- - Industry AVG
Growth
3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (6.6%)
- - Gle Midco 2 Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Gle Midco 2 Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Gle Midco 2 Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (106)
- Gle Midco 2 Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Gle Midco 2 Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Gle Midco 2 Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Gle Midco 2 Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Gle Midco 2 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Gle Midco 2 Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Gle Midco 2 Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.3%, this is a lower level of debt than the average (69.9%)
- - Gle Midco 2 Limited
- - Industry AVG
gle midco 2 limited Credit Report and Business Information
Gle Midco 2 Limited Competitor Analysis
Perform a competitor analysis for gle midco 2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
gle midco 2 limited Ownership
GLE MIDCO 2 LIMITED group structure
Gle Midco 2 Limited has 1 subsidiary company.
Ultimate parent company
H & F CORPORATE INVESTORS VII LTD
#0076445
2 parents
GLE MIDCO 2 LIMITED
10212212
1 subsidiary
gle midco 2 limited directors
Gle Midco 2 Limited currently has 3 directors. The longest serving directors include Mr Christopher Bauleke (Mar 2023) and Mr Neal Dittersdorf (Mar 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Bauleke | United States | 57 years | Mar 2023 | - | Director |
| Mr Neal Dittersdorf | United States | 64 years | Mar 2023 | - | Director |
| Mr Ted Wolf | United States | 46 years | Jan 2024 | - | Director |
GLE MIDCO 2 LIMITED financials
Gle Midco 2 Limited's latest turnover from December 2022 is 0 and the company has net assets of £83.8 million. According to their latest financial statements, we estimate that Gle Midco 2 Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 0 | 50,149,000 | 39,537,000 | 38,923,000 | 36,847,000 | 34,882,000 | 19,022,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 4,498,000 | 5,280,000 | 4,216,000 | 4,810,000 | 5,804,000 | 2,395,000 |
| Gross Profit | 0 | 45,651,000 | 34,257,000 | 34,707,000 | 32,037,000 | 29,078,000 | 16,627,000 |
| Admin Expenses | 22,177,000 | 18,619,000 | 22,723,000 | 25,717,000 | 24,275,000 | 16,218,000 | |
| Operating Profit | 23,474,000 | 15,638,000 | 11,984,000 | 6,320,000 | 4,803,000 | 409,000 | |
| Interest Payable | 1,244,000 | 7,778,000 | 6,788,000 | 5,389,000 | 4,271,000 | 3,433,000 | 3,008,000 |
| Interest Receivable | 844,000 | 1,215,000 | 951,000 | 938,000 | 0 | 0 | 9,000 |
| Pre-Tax Profit | 5,885,000 | 16,911,000 | 5,844,000 | 7,533,000 | 2,049,000 | 1,370,000 | -2,590,000 |
| Tax | 0 | -4,333,000 | -819,000 | -528,000 | 280,000 | -202,000 | -133,000 |
| Profit After Tax | 5,885,000 | 12,578,000 | 5,025,000 | 7,005,000 | 2,329,000 | 1,168,000 | -2,723,000 |
| Dividends Paid | 59,625,000 | 40,109,000 | 41,853,000 | 0 | 0 | 0 | 0 |
| Retained Profit | -53,740,000 | -27,531,000 | -36,828,000 | 7,005,000 | 2,329,000 | 1,168,000 | -2,723,000 |
| Employee Costs | 0 | 11,029,000 | 11,155,000 | 10,068,000 | 8,374,000 | 8,773,000 | 3,916,000 |
| Number Of Employees | 218 | 228 | 227 | 238 | 244 | 175 | |
| EBITDA* | 30,546,000 | 23,412,000 | 21,949,000 | 16,951,000 | 15,939,000 | 5,064,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 69,824,000 | 67,514,000 | 65,635,000 | 634,000 | 886,000 | 1,082,000 |
| Intangible Assets | 0 | 203,874,000 | 205,405,000 | 212,781,000 | 217,820,000 | 224,709,000 | 232,164,000 |
| Investments & Other | 137,561,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 67,959,000 | 65,218,000 | 62,538,000 | 0 | 0 | 0 |
| Total Fixed Assets | 137,561,000 | 273,698,000 | 272,919,000 | 278,416,000 | 218,454,000 | 225,595,000 | 233,246,000 |
| Stock & work in progress | 0 | 256,000 | 355,000 | 482,000 | 540,000 | 566,000 | 609,000 |
| Trade Debtors | 0 | 5,252,000 | 4,248,000 | 4,525,000 | 3,670,000 | 2,488,000 | 3,522,000 |
| Group Debtors | 623,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 2,033,000 | 4,422,000 | 912,000 | 541,000 | 501,000 | 1,471,000 |
| Cash | 0 | 6,488,000 | 10,842,000 | 7,174,000 | 3,014,000 | 2,684,000 | 2,903,000 |
| misc current assets | 0 | 0 | 0 | 0 | 39,000 | 19,000 | 569,000 |
| total current assets | 623,000 | 14,764,000 | 19,867,000 | 13,118,000 | 7,804,000 | 6,258,000 | 9,074,000 |
| total assets | 138,184,000 | 288,462,000 | 292,786,000 | 291,534,000 | 226,258,000 | 231,853,000 | 242,320,000 |
| Bank overdraft | 0 | 0 | 3,000 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 1,668,000 | 8,230,000 |
| Trade Creditors | 0 | 3,400,000 | 1,193,000 | 1,872,000 | 2,076,000 | 1,495,000 | 1,806,000 |
| Group/Directors Accounts | 54,363,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 472,000 | 487,000 | 527,000 | 0 | 0 | 0 |
| other current liabilities | 0 | 97,563,000 | 95,549,000 | 90,566,000 | 28,945,000 | 31,928,000 | 34,483,000 |
| total current liabilities | 54,363,000 | 101,435,000 | 97,232,000 | 92,965,000 | 31,021,000 | 35,091,000 | 44,519,000 |
| loans | 0 | 254,130,000 | 219,780,000 | 148,390,000 | 151,698,000 | 101,900,000 | 102,928,000 |
| hp & lease commitments | 0 | 1,303,000 | 1,777,000 | 2,661,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 26,000 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 10,492,000 | 6,834,000 | 10,598,000 | 14,428,000 | 19,612,000 | 22,946,000 |
| total long term liabilities | 0 | 132,311,000 | 113,307,000 | 79,494,000 | 83,063,000 | 60,756,000 | 62,963,000 |
| total liabilities | 54,363,000 | 233,746,000 | 210,539,000 | 172,459,000 | 114,084,000 | 95,847,000 | 107,482,000 |
| net assets | 83,821,000 | 54,716,000 | 82,247,000 | 119,075,000 | 112,174,000 | 136,006,000 | 134,838,000 |
| total shareholders funds | 83,821,000 | 54,716,000 | 82,247,000 | 119,075,000 | 112,174,000 | 136,006,000 | 134,838,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 23,474,000 | 15,638,000 | 11,984,000 | 6,320,000 | 4,803,000 | 409,000 | |
| Depreciation | 0 | 559,000 | 740,000 | 798,000 | 393,000 | 429,000 | 227,000 |
| Amortisation | 0 | 6,513,000 | 7,034,000 | 9,167,000 | 10,238,000 | 10,707,000 | 4,428,000 |
| Tax | 0 | -4,333,000 | -819,000 | -528,000 | 280,000 | -202,000 | -133,000 |
| Stock | -256,000 | -99,000 | -127,000 | -58,000 | -26,000 | -43,000 | 609,000 |
| Debtors | -74,621,000 | 1,356,000 | 5,913,000 | 63,764,000 | 1,222,000 | -2,004,000 | 4,993,000 |
| Creditors | -3,400,000 | 2,207,000 | -679,000 | -204,000 | 581,000 | -311,000 | 1,806,000 |
| Accruals and Deferred Income | -97,563,000 | 2,014,000 | 4,983,000 | 61,621,000 | -2,983,000 | -2,581,000 | 34,509,000 |
| Deferred Taxes & Provisions | -10,492,000 | 3,658,000 | -3,764,000 | -3,830,000 | -5,184,000 | -3,334,000 | 22,946,000 |
| Cash flow from operations | 32,835,000 | 17,347,000 | 15,302,000 | 8,449,000 | 11,558,000 | 58,590,000 | |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 137,561,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | -1,668,000 | -6,562,000 | 8,230,000 |
| Group/Directors Accounts | 54,363,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -254,130,000 | 34,350,000 | 71,390,000 | -3,308,000 | 49,798,000 | -1,028,000 | 102,928,000 |
| Hire Purchase and Lease Commitments | -1,775,000 | -489,000 | -924,000 | 3,188,000 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -400,000 | -6,563,000 | -5,837,000 | -4,451,000 | -4,271,000 | -3,433,000 | -2,999,000 |
| cash flow from financing | -119,097,000 | 27,298,000 | 64,629,000 | -4,675,000 | 17,698,000 | -11,023,000 | 245,720,000 |
| cash and cash equivalents | |||||||
| cash | -6,488,000 | -4,354,000 | 3,668,000 | 4,160,000 | 330,000 | -219,000 | 2,903,000 |
| overdraft | 0 | -3,000 | 3,000 | 0 | 0 | 0 | 0 |
| change in cash | -6,488,000 | -4,351,000 | 3,665,000 | 4,160,000 | 330,000 | -219,000 | 2,903,000 |
P&L
December 2022turnover
0
-100%
operating profit
19.2m
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
83.8m
+0.53%
total assets
138.2m
-0.52%
cash
0
-1%
net assets
Total assets minus all liabilities
gle midco 2 limited company details
company number
10212212
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
June 2016
age
8
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
merchants house north, wapping road, bristol, BS1 4RW
last accounts submitted
December 2022
gle midco 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 7 charges/mortgages relating to gle midco 2 limited. Currently there are 0 open charges and 7 have been satisfied in the past.
gle midco 2 limited Companies House Filings - See Documents
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