regus (mercury) holdings limited
regus (mercury) holdings limited Company Information
Company Number
10423105
Website
-Registered Address
6th floor, 2 kingdom street, london, W2 6BD
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Richard Morris7 Years
Shareholders
iwg group holdings sarl 100%
regus (mercury) holdings limited Estimated Valuation
Pomanda estimates the enterprise value of REGUS (MERCURY) HOLDINGS LIMITED at £23.2m based on a Turnover of £8.8m and 2.62x industry multiple (adjusted for size and gross margin).
regus (mercury) holdings limited Estimated Valuation
Pomanda estimates the enterprise value of REGUS (MERCURY) HOLDINGS LIMITED at £16.7m based on an EBITDA of £2.9m and a 5.75x industry multiple (adjusted for size and gross margin).
regus (mercury) holdings limited Estimated Valuation
Pomanda estimates the enterprise value of REGUS (MERCURY) HOLDINGS LIMITED at £0 based on Net Assets of £-3.1m and 1.6x industry multiple (adjusted for liquidity).
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Regus (mercury) Holdings Limited Overview
Regus (mercury) Holdings Limited is a live company located in london, W2 6BD with a Companies House number of 10423105. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2016, it's largest shareholder is iwg group holdings sarl with a 100% stake. Regus (mercury) Holdings Limited is a young, mid sized company, Pomanda has estimated its turnover at £8.8m with low growth in recent years.
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Regus (mercury) Holdings Limited Health Check
Pomanda's financial health check has awarded Regus (Mercury) Holdings Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £8.8m, make it larger than the average company (£865k)
£8.8m - Regus (mercury) Holdings Limited
£865k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (1.3%)
2% - Regus (mercury) Holdings Limited
1.3% - Industry AVG
Production
with a gross margin of 24.4%, this company has a higher cost of product (70.1%)
24.4% - Regus (mercury) Holdings Limited
70.1% - Industry AVG
Profitability
an operating margin of 6.1% make it less profitable than the average company (34.4%)
6.1% - Regus (mercury) Holdings Limited
34.4% - Industry AVG
Employees
with 47 employees, this is above the industry average (4)
- Regus (mercury) Holdings Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Regus (mercury) Holdings Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £187.9k, this is equally as efficient (£188.6k)
- Regus (mercury) Holdings Limited
£188.6k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (34 days)
78 days - Regus (mercury) Holdings Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (33 days)
4 days - Regus (mercury) Holdings Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Regus (mercury) Holdings Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Regus (mercury) Holdings Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 120.6%, this is a higher level of debt than the average (70%)
120.6% - Regus (mercury) Holdings Limited
70% - Industry AVG
regus (mercury) holdings limited Credit Report and Business Information
Regus (mercury) Holdings Limited Competitor Analysis
Perform a competitor analysis for regus (mercury) holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
regus (mercury) holdings limited Ownership
REGUS (MERCURY) HOLDINGS LIMITED group structure
Regus (Mercury) Holdings Limited has no subsidiary companies.
Ultimate parent company
IWG PLC
#0078602
IWG GROUP HOLDINGS SARL
#0104720
2 parents
REGUS (MERCURY) HOLDINGS LIMITED
10423105
regus (mercury) holdings limited directors
Regus (Mercury) Holdings Limited currently has 1 director, Mr Richard Morris serving since Oct 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Morris | England | 48 years | Oct 2016 | - | Director |
REGUS (MERCURY) HOLDINGS LIMITED financials
Regus (Mercury) Holdings Limited's latest turnover from December 2022 is £8.8 million and the company has net assets of -£3.1 million. According to their latest financial statements, we estimate that Regus (Mercury) Holdings Limited has 47 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 | 8,832,000 | 7,867,000 | 7,966,000 | 8,361,000 | 7,985,000 | 3,767,000 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 6,679,000 | 5,954,000 | 8,627,000 | 6,053,000 | 5,886,000 | 2,683,000 | |
| Gross Profit | 2,153,000 | 1,913,000 | -661,000 | 2,308,000 | 2,099,000 | 1,084,000 | |
| Admin Expenses | 1,618,000 | 1,388,000 | 1,503,000 | 1,459,000 | 1,348,000 | 608,000 | |
| Operating Profit | 535,000 | 525,000 | -2,164,000 | 849,000 | 751,000 | 476,000 | |
| Interest Payable | 313,000 | 345,000 | 402,000 | 452,000 | 4,000 | 0 | |
| Interest Receivable | 1,000 | 1,000 | 0 | 1,000 | 0 | ||
| Pre-Tax Profit | 223,000 | 181,000 | -2,566,000 | 399,000 | 748,000 | 1,187,000 | |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Tax | 223,000 | 181,000 | -2,566,000 | 399,000 | 748,000 | 1,187,000 | |
| Dividends Paid | 0 | 0 | 0 | 1,290,000 | 600,000 | 460,000 | |
| Retained Profit | 223,000 | 181,000 | -2,566,000 | -891,000 | 148,000 | 727,000 | |
| Employee Costs | 0 | 0 | 0 | 0 | |||
| Number Of Employees | |||||||
| EBITDA* | 2,908,000 | 2,899,000 | 210,000 | 3,223,000 | 751,000 | 476,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,681,000 | 13,054,000 | 15,428,000 | 17,802,000 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 711,000 | 711,000 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,681,000 | 13,054,000 | 15,428,000 | 17,802,000 | 711,000 | 711,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,901,000 | 1,663,000 | 1,692,000 | 990,000 | 949,000 | 649,000 | 0 |
| Group Debtors | 2,637,000 | 1,555,000 | 1,101,000 | 0 | 1,129,000 | 3,636,000 | 0 |
| Misc Debtors | 53,000 | 20,000 | 109,000 | 0 | 730,000 | 686,000 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,591,000 | 3,238,000 | 2,902,000 | 2,153,000 | 2,808,000 | 4,971,000 | 0 |
| total assets | 15,272,000 | 16,292,000 | 18,330,000 | 19,955,000 | 3,519,000 | 5,682,000 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 87,000 | 96,000 | 848,000 | 64,000 | 74,000 | 37,000 | 0 |
| Group/Directors Accounts | 1,584,000 | 712,000 | 800,000 | 0 | 1,057,000 | 3,645,000 | 0 |
| other short term finances | 0 | 0 | 0 | 3,300,000 | 0 | 0 | 0 |
| hp & lease commitments | 5,746,000 | 5,689,000 | 5,001,000 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,044,000 | 1,782,000 | 1,481,000 | 0 | 1,513,000 | 1,273,000 | 0 |
| total current liabilities | 9,461,000 | 8,279,000 | 8,130,000 | 4,876,000 | 2,644,000 | 4,955,000 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 8,954,000 | 11,379,000 | 13,747,000 | 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 | 8,954,000 | 11,379,000 | 13,747,000 | 16,060,000 | 0 | 0 | 0 |
| total liabilities | 18,415,000 | 19,658,000 | 21,877,000 | 20,936,000 | 2,644,000 | 4,955,000 | 0 |
| net assets | -3,143,000 | -3,366,000 | -3,547,000 | -981,000 | 875,000 | 727,000 | 0 |
| total shareholders funds | -3,143,000 | -3,366,000 | -3,547,000 | -981,000 | 875,000 | 727,000 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 535,000 | 525,000 | -2,164,000 | 849,000 | 751,000 | 476,000 | |
| Depreciation | 2,373,000 | 2,374,000 | 2,374,000 | 2,374,000 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,353,000 | 336,000 | 1,912,000 | -1,818,000 | -2,163,000 | 4,971,000 | 0 |
| Creditors | -9,000 | -752,000 | 784,000 | -10,000 | 37,000 | 37,000 | 0 |
| Accruals and Deferred Income | 262,000 | 301,000 | 1,481,000 | -1,513,000 | 240,000 | 1,273,000 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,808,000 | 2,112,000 | 563,000 | 3,191,000 | -3,185,000 | ||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 872,000 | -88,000 | 800,000 | -1,057,000 | -2,588,000 | 3,645,000 | 0 |
| Other Short Term Loans | 0 | 0 | -3,300,000 | 3,300,000 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -2,368,000 | -1,680,000 | 18,748,000 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -312,000 | -344,000 | -402,000 | -3,000 | 0 | ||
| cash flow from financing | -1,808,000 | -2,112,000 | 15,846,000 | -2,591,000 | 3,645,000 | ||
| 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 |
P&L
December 2022turnover
8.8m
+12%
operating profit
535k
+2%
gross margin
24.4%
+0.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-3.1m
-0.07%
total assets
15.3m
-0.06%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
regus (mercury) holdings limited company details
company number
10423105
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
October 2016
age
8
accounts
Full Accounts
ultimate parent company
previous names
express 076 limited (April 2017)
incorporated
UK
address
6th floor, 2 kingdom street, london, W2 6BD
last accounts submitted
December 2022
regus (mercury) holdings 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 3 charges/mortgages relating to regus (mercury) holdings limited. Currently there are 3 open charges and 0 have been satisfied in the past.
regus (mercury) holdings limited Companies House Filings - See Documents
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