manzana bidco limited
manzana bidco limited Company Information
Company Number
10318602
Website
apogeecorp.comRegistered Address
nimbus house liphook way, 20/20 business park, maidstone, kent, ME16 0FZ
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
July 2024
Group Structure
View All
Shareholders
manzana holdings limited 100%
manzana bidco limited Estimated Valuation
Pomanda estimates the enterprise value of MANZANA BIDCO LIMITED at £214.9m based on a Turnover of £102.8m and 2.09x industry multiple (adjusted for size and gross margin).
manzana bidco limited Estimated Valuation
Pomanda estimates the enterprise value of MANZANA BIDCO LIMITED at £0 based on an EBITDA of £-55m and a 7.93x industry multiple (adjusted for size and gross margin).
manzana bidco limited Estimated Valuation
Pomanda estimates the enterprise value of MANZANA BIDCO LIMITED at £195m based on Net Assets of £114m and 1.71x industry multiple (adjusted for liquidity).
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Manzana Bidco Limited Overview
Manzana Bidco Limited is a live company located in maidstone, ME16 0FZ with a Companies House number of 10318602. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in August 2016, it's largest shareholder is manzana holdings limited with a 100% stake. Manzana Bidco Limited is a young, mega sized company, Pomanda has estimated its turnover at £102.8m with declining growth in recent years.
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Manzana Bidco Limited Health Check
Pomanda's financial health check has awarded Manzana Bidco Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 9 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
9 Weak
Size
annual sales of £102.8m, make it larger than the average company (£17.5m)
£102.8m - Manzana Bidco Limited
£17.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (5.4%)
-17% - Manzana Bidco Limited
5.4% - Industry AVG
Production
with a gross margin of 17.5%, this company has a higher cost of product (34.8%)
17.5% - Manzana Bidco Limited
34.8% - Industry AVG
Profitability
an operating margin of -74.6% make it less profitable than the average company (5.6%)
-74.6% - Manzana Bidco Limited
5.6% - Industry AVG
Employees
with 883 employees, this is above the industry average (105)
883 - Manzana Bidco Limited
105 - Industry AVG
Pay Structure
on an average salary of £49.9k, the company has a higher pay structure (£40.1k)
£49.9k - Manzana Bidco Limited
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £116.4k, this is less efficient (£170.3k)
£116.4k - Manzana Bidco Limited
£170.3k - Industry AVG
Debtor Days
it gets paid by customers after 109 days, this is later than average (48 days)
109 days - Manzana Bidco Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is quicker than average (49 days)
31 days - Manzana Bidco Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 87 days, this is more than average (40 days)
87 days - Manzana Bidco Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (17 weeks)
9 weeks - Manzana Bidco Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.4%, this is a lower level of debt than the average (69.1%)
52.4% - Manzana Bidco Limited
69.1% - Industry AVG
MANZANA BIDCO LIMITED financials
Manzana Bidco Limited's latest turnover from October 2022 is £102.8 million and the company has net assets of £114 million. According to their latest financial statements, Manzana Bidco Limited has 883 employees and maintains cash reserves of £10.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 102,766,000 | 107,595,000 | 127,732,000 | 177,107,000 | 199,194,000 | 249,962,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 84,833,000 | 100,048,000 | 106,877,000 | 141,748,000 | 153,623,000 | 173,465,000 |
| Gross Profit | 17,933,000 | 7,547,000 | 20,855,000 | 35,359,000 | 45,571,000 | 76,497,000 |
| Admin Expenses | 94,540,000 | 39,487,000 | 43,157,000 | 48,824,000 | 40,590,000 | 73,157,000 |
| Operating Profit | -76,607,000 | -31,940,000 | -22,302,000 | -13,465,000 | 4,981,000 | 3,340,000 |
| Interest Payable | 8,880,000 | 9,114,000 | 9,123,000 | 15,123,000 | 18,491,000 | 27,967,000 |
| Interest Receivable | 154,000 | 26,000 | 116,000 | 29,000 | 0 | |
| Pre-Tax Profit | -85,333,000 | -41,028,000 | -31,309,000 | -28,559,000 | -13,483,000 | -24,660,000 |
| Tax | 6,359,000 | 58,000 | 2,547,000 | 147,000 | -2,091,000 | 5,036,000 |
| Profit After Tax | -78,974,000 | -40,970,000 | -28,762,000 | -28,412,000 | -15,574,000 | -19,624,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -78,974,000 | -40,970,000 | -28,762,000 | -28,412,000 | -15,574,000 | -19,624,000 |
| Employee Costs | 44,101,000 | 43,240,000 | 45,675,000 | 46,830,000 | 39,549,000 | 64,079,000 |
| Number Of Employees | 883 | 878 | 985 | 1,084 | 1,097 | 949 |
| EBITDA* | -55,036,000 | -10,393,000 | -1,890,000 | 6,816,000 | 6,750,000 | 30,199,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 3,104,000 | 3,317,000 | 1,130,000 | 1,310,000 | 1,824,000 | 3,530,000 |
| Intangible Assets | 126,030,000 | 183,713,000 | 193,150,000 | 212,585,000 | 231,548,000 | 247,720,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 9,231,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 138,365,000 | 187,030,000 | 194,280,000 | 213,895,000 | 233,372,000 | 251,250,000 |
| Stock & work in progress | 20,378,000 | 17,276,000 | 16,334,000 | 21,904,000 | 22,778,000 | 31,585,000 |
| Trade Debtors | 30,718,000 | 28,996,000 | 23,610,000 | 34,780,000 | 52,314,000 | 59,136,000 |
| Group Debtors | 24,598,000 | 5,901,000 | 4,378,000 | 77,000 | 0 | 0 |
| Misc Debtors | 14,988,000 | 7,503,000 | 8,565,000 | 13,793,000 | 0 | 12,684,000 |
| Cash | 10,586,000 | 16,388,000 | 26,556,000 | 10,362,000 | 13,516,000 | 8,985,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 101,268,000 | 76,064,000 | 79,443,000 | 80,916,000 | 106,193,000 | 112,390,000 |
| total assets | 239,633,000 | 263,094,000 | 273,723,000 | 294,811,000 | 339,565,000 | 363,640,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,281,000 | 14,241,000 | 8,146,000 | 16,694,000 | 26,110,000 | 40,614,000 |
| Group/Directors Accounts | 1,839,000 | 0 | 0 | 0 | 0 | 927,000 |
| other short term finances | 3,039,000 | 7,957,000 | 7,902,000 | 286,195,000 | 34,000 | 22,744,000 |
| hp & lease commitments | 4,799,000 | 0 | 0 | 57,000 | 0 | 101,000 |
| other current liabilities | 38,926,000 | 22,917,000 | 22,119,000 | 18,781,000 | 0 | 29,306,000 |
| total current liabilities | 55,884,000 | 45,115,000 | 38,167,000 | 321,727,000 | 81,215,000 | 93,692,000 |
| loans | 17,503,000 | 303,692,000 | 295,423,000 | 8,556,000 | 0 | 242,238,000 |
| hp & lease commitments | 8,578,000 | 0 | 0 | 14,000 | 0 | 6,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 16,743,000 |
| other liabilities | 0 | 0 | 72,000 | 72,000 | 0 | 0 |
| provisions | 43,633,000 | 33,558,000 | 31,309,000 | 26,882,000 | 0 | 30,563,000 |
| total long term liabilities | 69,714,000 | 337,250,000 | 326,804,000 | 35,524,000 | 292,396,000 | 289,550,000 |
| total liabilities | 125,598,000 | 382,365,000 | 364,971,000 | 357,251,000 | 373,611,000 | 383,242,000 |
| net assets | 114,035,000 | -119,271,000 | -91,248,000 | -62,440,000 | -34,046,000 | -19,602,000 |
| total shareholders funds | 114,035,000 | -119,271,000 | -91,248,000 | -62,440,000 | -34,046,000 | -19,602,000 |
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -76,607,000 | -31,940,000 | -22,302,000 | -13,465,000 | 4,981,000 | 3,340,000 |
| Depreciation | 1,919,000 | 927,000 | 977,000 | 1,033,000 | 1,769,000 | 3,730,000 |
| Amortisation | 19,652,000 | 20,620,000 | 19,435,000 | 19,248,000 | 23,129,000 | |
| Tax | 6,359,000 | 58,000 | 2,547,000 | 147,000 | -2,091,000 | 5,036,000 |
| Stock | 3,102,000 | 942,000 | -5,570,000 | -874,000 | -8,807,000 | 31,585,000 |
| Debtors | 37,135,000 | 5,847,000 | -12,097,000 | -3,664,000 | -19,506,000 | 71,820,000 |
| Creditors | -6,960,000 | 6,095,000 | -8,548,000 | -9,416,000 | -14,504,000 | 40,614,000 |
| Accruals and Deferred Income | 16,009,000 | 798,000 | 3,338,000 | 18,781,000 | -46,049,000 | 46,049,000 |
| Deferred Taxes & Provisions | 10,075,000 | 2,249,000 | 4,427,000 | 26,882,000 | -30,563,000 | 30,563,000 |
| Cash flow from operations | -69,790,000 | -7,982,000 | 17,541,000 | 47,748,000 | 49,056,000 | |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | -197,240,000 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -197,240,000 | |
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,839,000 | 0 | 0 | 0 | -927,000 | 927,000 |
| Other Short Term Loans | -4,918,000 | 55,000 | -278,293,000 | 286,161,000 | -22,710,000 | 22,744,000 |
| Long term loans | -286,189,000 | 8,269,000 | 286,867,000 | 8,556,000 | -242,238,000 | 242,238,000 |
| Hire Purchase and Lease Commitments | 13,377,000 | 0 | -71,000 | 71,000 | -107,000 | 107,000 |
| other long term liabilities | 0 | -72,000 | 0 | 72,000 | 0 | 0 |
| share issue | ||||||
| interest | -8,726,000 | -9,088,000 | -9,007,000 | -15,094,000 | -27,967,000 | |
| cash flow from financing | 27,663,000 | 12,111,000 | -550,000 | 279,784,000 | 238,071,000 | |
| cash and cash equivalents | ||||||
| cash | -5,802,000 | -10,168,000 | 16,194,000 | -3,154,000 | 4,531,000 | 8,985,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -5,802,000 | -10,168,000 | 16,194,000 | -3,154,000 | 4,531,000 | 8,985,000 |
manzana bidco limited Credit Report and Business Information
Manzana Bidco Limited Competitor Analysis
Perform a competitor analysis for manzana bidco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
manzana bidco limited Ownership
MANZANA BIDCO LIMITED group structure
Manzana Bidco Limited has 1 subsidiary company.
Ultimate parent company
HP INC
#0103122
MANZANA HOLDINGS LTD
#0098572
2 parents
MANZANA BIDCO LIMITED
10318602
1 subsidiary
manzana bidco limited directors
Manzana Bidco Limited currently has 2 directors. The longest serving directors include Ms Samantha Jackson (May 2022) and Mr James Clark (Jan 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Samantha Jackson | England | 39 years | May 2022 | - | Director |
| Mr James Clark | England | 44 years | Jan 2024 | - | Director |
P&L
October 2022turnover
102.8m
-4%
operating profit
-76.6m
+140%
gross margin
17.5%
+148.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
114m
-1.96%
total assets
239.6m
-0.09%
cash
10.6m
-0.35%
net assets
Total assets minus all liabilities
manzana bidco limited company details
company number
10318602
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
August 2016
age
8
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
nimbus house liphook way, 20/20 business park, maidstone, kent, ME16 0FZ
last accounts submitted
October 2022
manzana 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 did not find charges/mortgages relating to manzana bidco limited.
manzana bidco limited Companies House Filings - See Documents
| date | description | view/download |
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