ivc acquisition midco ltd

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ivc acquisition midco ltd Company Information

Share IVC ACQUISITION MIDCO LTD
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YoungMegaRapid

Company Number

10510862

Registered Address

the chocolate factory keynsham, bristol, BS31 2AU

Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

 

Telephone

-

Next Accounts Due

June 2024

Group Structure

View All

Directors

Per Franzen7 Years

Ali Farahani5 Years

View All

Shareholders

ivc acquisition pikco ltd 100%

ivc acquisition midco ltd Estimated Valuation

£8b

Pomanda estimates the enterprise value of IVC ACQUISITION MIDCO LTD at £8b based on a Turnover of £2.8b and 2.81x industry multiple (adjusted for size and gross margin).

ivc acquisition midco ltd Estimated Valuation

£863.7m

Pomanda estimates the enterprise value of IVC ACQUISITION MIDCO LTD at £863.7m based on an EBITDA of £70.9m and a 12.18x industry multiple (adjusted for size and gross margin).

ivc acquisition midco ltd Estimated Valuation

£2.8b

Pomanda estimates the enterprise value of IVC ACQUISITION MIDCO LTD at £2.8b based on Net Assets of £1.7b and 1.64x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from September 2022 

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Ivc Acquisition Midco Ltd Overview

Ivc Acquisition Midco Ltd is a live company located in bristol, BS31 2AU with a Companies House number of 10510862. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2016, it's largest shareholder is ivc acquisition pikco ltd with a 100% stake. Ivc Acquisition Midco Ltd is a young, mega sized company, Pomanda has estimated its turnover at £2.8b with rapid growth in recent years.

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Ivc Acquisition Midco Ltd Health Check

Pomanda's financial health check has awarded Ivc Acquisition Midco Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £2.8b, make it larger than the average company (£17.5m)

£2.8b - Ivc Acquisition Midco Ltd

£17.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (5.3%)

41% - Ivc Acquisition Midco Ltd

5.3% - Industry AVG

production

Production

with a gross margin of 44.5%, this company has a lower cost of product (34.7%)

44.5% - Ivc Acquisition Midco Ltd

34.7% - Industry AVG

profitability

Profitability

an operating margin of -6.6% make it less profitable than the average company (5.6%)

-6.6% - Ivc Acquisition Midco Ltd

5.6% - Industry AVG

employees

Employees

with 36605 employees, this is above the industry average (104)

36605 - Ivc Acquisition Midco Ltd

104 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.8k, the company has an equivalent pay structure (£40k)

£38.8k - Ivc Acquisition Midco Ltd

£40k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £77.7k, this is less efficient (£170.9k)

£77.7k - Ivc Acquisition Midco Ltd

£170.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 13 days, this is earlier than average (48 days)

13 days - Ivc Acquisition Midco Ltd

48 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 24 days, this is quicker than average (49 days)

24 days - Ivc Acquisition Midco Ltd

49 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 22 days, this is less than average (41 days)

22 days - Ivc Acquisition Midco Ltd

41 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (17 weeks)

13 weeks - Ivc Acquisition Midco Ltd

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 80.5%, this is a higher level of debt than the average (69.2%)

80.5% - Ivc Acquisition Midco Ltd

69.2% - Industry AVG

ivc acquisition midco ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ivc Acquisition Midco Ltd Competitor Analysis

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Perform a competitor analysis for ivc acquisition midco ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

ivc acquisition midco ltd Ownership

IVC ACQUISITION MIDCO LTD group structure

Ivc Acquisition Midco Ltd has 1 subsidiary company.

Ultimate parent company

ISLAY NEW GROUP HOLDING SA

#0146137

2 parents

IVC ACQUISITION MIDCO LTD

10510862

1 subsidiary

IVC ACQUISITION MIDCO LTD Shareholders

ivc acquisition pikco ltd 100%

ivc acquisition midco ltd directors

Ivc Acquisition Midco Ltd currently has 4 directors. The longest serving directors include Mr Per Franzen (Feb 2017) and Mr Ali Farahani (Mar 2019).

officercountryagestartendrole
Mr Per Franzen48 years Feb 2017- Director
Mr Ali FarahaniUnited Kingdom37 years Mar 2019- Director
Mr Paul Kenyon60 years Jan 2020- Director
Mr Simon Smith52 years Oct 2022- Director

IVC ACQUISITION MIDCO LTD financials

EXPORTms excel logo

Ivc Acquisition Midco Ltd's latest turnover from September 2022 is £2.8 billion and the company has net assets of £1.7 billion. According to their latest financial statements, Ivc Acquisition Midco Ltd has 36,605 employees and maintains cash reserves of £231.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017
Turnover2,844,000,0001,771,200,0001,311,097,0001,025,283,000667,265,000272,267,000
Other Income Or Grants000000
Cost Of Sales1,577,700,000987,000,000763,802,000625,325,000414,467,000165,679,000
Gross Profit1,266,300,000784,200,000547,295,000399,958,000252,798,000106,588,000
Admin Expenses1,455,000,000588,900,000456,440,000371,678,000353,118,000147,731,000
Operating Profit-188,700,000195,300,00090,855,00028,280,000-100,320,000-41,143,000
Interest Payable405,500,000211,300,000185,452,000159,889,00091,133,00050,616,000
Interest Receivable45,800,00033,900,00017,368,000173,00045,00023,000
Pre-Tax Profit-481,700,000-23,700,000-72,544,000-114,827,000-191,408,000-91,736,000
Tax-58,400,000-25,600,0007,124,0003,784,000-650,000-814,000
Profit After Tax-540,100,000-49,300,000-65,420,000-111,043,000-192,058,000-92,550,000
Dividends Paid000000
Retained Profit-540,500,000-49,600,000-65,039,000-111,076,000-192,139,000-92,583,000
Employee Costs1,420,700,000863,800,000656,416,000557,976,000379,195,000129,634,000
Number Of Employees36,60523,68219,77017,57611,7687,418
EBITDA*70,900,000347,100,000203,594,000114,757,00033,825,00018,418,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017
Tangible Assets1,070,900,000637,700,000464,818,000424,491,00079,356,00052,295,000
Intangible Assets7,021,500,0002,734,800,0002,292,406,0001,998,066,0001,423,185,0001,097,791,000
Investments & Other1,500,0001,300,000267,00081,000290,0003,809,000
Debtors (Due After 1 year)142,100,00052,600,0000000
Total Fixed Assets8,092,400,0003,372,500,0002,757,224,0002,422,557,0001,502,831,0001,153,895,000
Stock & work in progress96,100,00054,900,00040,484,00037,322,00022,271,00015,034,000
Trade Debtors106,100,00069,400,00056,731,00053,366,00030,455,00017,218,000
Group Debtors0030,567,00027,787,0008,0000
Misc Debtors150,500,00084,600,00062,120,00054,778,00036,214,00018,486,000
Cash231,100,000186,500,000219,514,000209,789,000116,057,000101,001,000
misc current assets000678,00000
total current assets586,900,000395,600,000413,143,000383,720,000205,005,000151,739,000
total assets8,679,300,0003,768,100,0003,170,367,0002,806,277,0001,707,836,0001,305,634,000
Bank overdraft000000
Bank loan000000
Trade Creditors 106,800,000100,200,00070,673,00078,319,00050,077,00036,508,000
Group/Directors Accounts000000
other short term finances15,600,00000000
hp & lease commitments77,200,00046,500,00045,543,00029,826,0002,088,000635,000
other current liabilities661,400,000300,200,000356,225,000252,112,000109,861,00056,109,000
total current liabilities861,000,000446,900,000472,441,000360,257,000162,026,00093,252,000
loans10,209,300,0004,847,700,0003,341,150,0002,967,462,0001,506,691,000970,420,000
hp & lease commitments519,000,000347,900,000296,054,000281,604,0004,744,0003,785,000
Accruals and Deferred Income02,800,0003,000000
other liabilities771,600,000641,000,000784,363,000678,821,00000
provisions389,600,000134,000,00099,378,00078,352,00010,757,00016,585,000
total long term liabilities6,127,700,0003,178,100,0002,504,630,0002,201,728,0001,522,192,000990,790,000
total liabilities6,988,700,0003,625,000,0002,977,071,0002,561,985,0001,684,218,0001,084,042,000
net assets1,687,300,000124,300,000193,296,000244,292,00023,569,000221,592,000
total shareholders funds1,687,300,000124,300,000193,296,000244,292,00023,569,000221,592,000
Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017
Operating Activities
Operating Profit-188,700,000195,300,00090,855,00028,280,000-100,320,000-41,143,000
Depreciation175,500,000111,400,00084,881,00068,078,00020,385,0009,394,000
Amortisation84,100,00040,400,00027,858,00018,399,000113,760,00050,167,000
Tax-58,400,000-25,600,0007,124,0003,784,000-650,000-814,000
Stock41,200,00014,416,0003,162,00015,051,0007,237,00015,034,000
Debtors192,100,00057,182,00013,487,00069,254,00030,973,00035,704,000
Creditors6,600,00029,527,000-7,646,00028,242,00013,569,00036,508,000
Accruals and Deferred Income358,400,000-53,228,000104,116,000142,251,00053,752,00056,109,000
Deferred Taxes & Provisions255,600,00034,622,00021,026,00067,595,000-5,828,00016,585,000
Cash flow from operations399,800,000260,823,000311,565,000272,324,00056,458,00076,068,000
Investing Activities
capital expenditure-4,979,500,000-767,076,000-447,406,000-1,006,493,000-486,600,000-1,209,647,000
Change in Investments200,0001,033,000186,000-209,000-3,519,0003,809,000
cash flow from investments-4,979,700,000-768,109,000-447,592,000-1,006,284,000-483,081,000-1,213,456,000
Financing Activities
Bank loans000000
Group/Directors Accounts000000
Other Short Term Loans 15,600,00000000
Long term loans5,361,600,0001,506,550,000373,688,0001,460,771,000536,271,000970,420,000
Hire Purchase and Lease Commitments201,800,00052,803,00030,167,000304,598,0002,412,0004,420,000
other long term liabilities130,600,000-143,363,000105,542,000678,821,00000
share issue2,103,500,000-19,396,00014,043,000331,799,000-5,884,000314,175,000
interest-359,700,000-177,400,000-168,084,000-159,716,000-91,088,000-50,593,000
cash flow from financing7,453,400,0001,219,194,000355,356,0002,616,273,000441,711,0001,238,422,000
cash and cash equivalents
cash44,600,000-33,014,0009,725,00093,732,00015,056,000101,001,000
overdraft000000
change in cash44,600,000-33,014,0009,725,00093,732,00015,056,000101,001,000

P&L

September 2022

turnover

2.8b

+61%

operating profit

-188.7m

-197%

gross margin

44.6%

+0.57%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2022

net assets

1.7b

+12.57%

total assets

8.7b

+1.3%

cash

231.1m

+0.24%

net assets

Total assets minus all liabilities

ivc acquisition midco ltd company details

company number

10510862

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

December 2016

age

8

accounts

Group

ultimate parent company

ISLAY NEW GROUP HOLDING SA

previous names

N/A

incorporated

UK

address

the chocolate factory keynsham, bristol, BS31 2AU

last accounts submitted

September 2022

ivc acquisition midco ltd 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 ivc acquisition midco ltd.

charges

ivc acquisition midco ltd Companies House Filings - See Documents

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