platinum midco 2 limited
platinum midco 2 limited Company Information
Company Number
10354776
Website
smartcommunications.comRegistered Address
14 floral street, covent garden, london, WC2E 9DH
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
platinum topco limited 100%
platinum midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of PLATINUM MIDCO 2 LIMITED at £156.7m based on a Turnover of £63.3m and 2.47x industry multiple (adjusted for size and gross margin).
platinum midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of PLATINUM MIDCO 2 LIMITED at £1.3b based on an EBITDA of £63.3m and a 19.83x industry multiple (adjusted for size and gross margin).
platinum midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of PLATINUM MIDCO 2 LIMITED at £241m based on Net Assets of £93.6m and 2.57x industry multiple (adjusted for liquidity).
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Platinum Midco 2 Limited Overview
Platinum Midco 2 Limited is a live company located in london, WC2E 9DH with a Companies House number of 10354776. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2016, it's largest shareholder is platinum topco limited with a 100% stake. Platinum Midco 2 Limited is a young, large sized company, Pomanda has estimated its turnover at £63.3m with unknown growth in recent years.
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Platinum Midco 2 Limited Health Check
Pomanda's financial health check has awarded Platinum Midco 2 Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
1 Weak
Size
annual sales of £63.3m, make it larger than the average company (£3.8m)
£63.3m - Platinum Midco 2 Limited
£3.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Platinum Midco 2 Limited
- - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (38.8%)
100% - Platinum Midco 2 Limited
38.8% - Industry AVG
Profitability
an operating margin of 100% make it more profitable than the average company (6.3%)
100% - Platinum Midco 2 Limited
6.3% - Industry AVG
Employees
with 3 employees, this is below the industry average (25)
3 - Platinum Midco 2 Limited
25 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Platinum Midco 2 Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £21.1m, this is more efficient (£157.8k)
£21.1m - Platinum Midco 2 Limited
£157.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Platinum Midco 2 Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Platinum Midco 2 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Platinum Midco 2 Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Platinum Midco 2 Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.6%, this is a lower level of debt than the average (63.6%)
12.6% - Platinum Midco 2 Limited
63.6% - Industry AVG
PLATINUM MIDCO 2 LIMITED financials
Platinum Midco 2 Limited's latest turnover from December 2022 is £63.3 million and the company has net assets of £93.6 million. According to their latest financial statements, Platinum Midco 2 Limited has 3 employees 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 | 63,348,903 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 63,348,903 | 0 | 0 | 0 | 0 | 0 | 0 |
| Admin Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | 63,348,903 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Payable | 269,971 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 63,078,933 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 63,078,933 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 76,556,884 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -13,477,951 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| EBITDA* | 63,348,903 | 0 | 0 | 0 | 0 | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 107,111,868 | 107,111,868 | 114,451,400 | 99,144,804 | 94,385,122 | 94,385,122 | 87,638,313 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 107,111,868 | 107,111,868 | 114,451,400 | 99,144,804 | 94,385,122 | 94,385,122 | 87,638,313 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 107,111,868 | 107,111,868 | 114,451,400 | 99,144,804 | 94,385,122 | 94,385,122 | 87,638,313 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 13,477,951 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 13,477,951 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 13,477,951 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 93,633,917 | 107,111,868 | 114,451,400 | 99,144,804 | 94,385,122 | 94,385,122 | 87,638,313 |
| total shareholders funds | 93,633,917 | 107,111,868 | 114,451,400 | 99,144,804 | 94,385,122 | 94,385,122 | 87,638,313 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 63,348,903 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 63,348,903 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | -7,339,532 | 15,306,596 | 4,759,682 | 0 | 6,746,809 | 87,638,313 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 13,477,951 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -269,971 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 13,207,980 | -7,339,532 | 15,306,596 | 4,759,682 | 0 | 6,746,809 | 87,638,313 |
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
platinum midco 2 limited Credit Report and Business Information
Platinum Midco 2 Limited Competitor Analysis
Perform a competitor analysis for platinum midco 2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
platinum midco 2 limited Ownership
PLATINUM MIDCO 2 LIMITED group structure
Platinum Midco 2 Limited has 1 subsidiary company.
Ultimate parent company
1 parent
PLATINUM MIDCO 2 LIMITED
10354776
1 subsidiary
platinum midco 2 limited directors
Platinum Midco 2 Limited currently has 3 directors. The longest serving directors include Mr Thomas Barnds (Sep 2016) and Mr Maurice Hernandez (Sep 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Barnds | United States | 55 years | Sep 2016 | - | Director |
| Mr Maurice Hernandez | United Kingdom | 43 years | Sep 2016 | - | Director |
| Mr Jason Klein | United States | 51 years | Sep 2016 | - | Director |
P&L
December 2022turnover
63.3m
0%
operating profit
63.3m
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
93.6m
-0.13%
total assets
107.1m
0%
cash
0
0%
net assets
Total assets minus all liabilities
platinum midco 2 limited company details
company number
10354776
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
September 2016
age
8
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
14 floral street, covent garden, london, WC2E 9DH
last accounts submitted
December 2022
platinum 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 2 charges/mortgages relating to platinum midco 2 limited. Currently there are 1 open charges and 1 have been satisfied in the past.
platinum midco 2 limited Companies House Filings - See Documents
| date | description | view/download |
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