ivc acquisition midco ltd Company Information
Company Number
10510862
Website
berryhousevets.co.ukRegistered 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
Shareholders
ivc acquisition pikco ltd 100%
ivc acquisition midco ltd Estimated Valuation
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
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
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).
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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
6 Strong
2 Regular
4 Weak
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
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
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
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
with 36605 employees, this is above the industry average (104)
36605 - Ivc Acquisition Midco Ltd
104 - Industry AVG
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
resulting in sales per employee of £77.7k, this is less efficient (£170.9k)
£77.7k - Ivc Acquisition Midco Ltd
£170.9k - Industry AVG
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
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
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
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
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
Ivc Acquisition Midco Ltd Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Per Franzen | 48 years | Feb 2017 | - | Director | |
Mr Ali Farahani | United Kingdom | 37 years | Mar 2019 | - | Director |
Mr Paul Kenyon | 60 years | Jan 2020 | - | Director | |
Mr Simon Smith | 52 years | Oct 2022 | - | Director |
IVC ACQUISITION MIDCO LTD financials
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 House, Pomanda Estimates
Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
---|---|---|---|---|---|---|
Turnover | 2,844,000,000 | 1,771,200,000 | 1,311,097,000 | 1,025,283,000 | 667,265,000 | 272,267,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 1,577,700,000 | 987,000,000 | 763,802,000 | 625,325,000 | 414,467,000 | 165,679,000 |
Gross Profit | 1,266,300,000 | 784,200,000 | 547,295,000 | 399,958,000 | 252,798,000 | 106,588,000 |
Admin Expenses | 1,455,000,000 | 588,900,000 | 456,440,000 | 371,678,000 | 353,118,000 | 147,731,000 |
Operating Profit | -188,700,000 | 195,300,000 | 90,855,000 | 28,280,000 | -100,320,000 | -41,143,000 |
Interest Payable | 405,500,000 | 211,300,000 | 185,452,000 | 159,889,000 | 91,133,000 | 50,616,000 |
Interest Receivable | 45,800,000 | 33,900,000 | 17,368,000 | 173,000 | 45,000 | 23,000 |
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 | -25,600,000 | 7,124,000 | 3,784,000 | -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 Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -540,500,000 | -49,600,000 | -65,039,000 | -111,076,000 | -192,139,000 | -92,583,000 |
Employee Costs | 1,420,700,000 | 863,800,000 | 656,416,000 | 557,976,000 | 379,195,000 | 129,634,000 |
Number Of Employees | 36,605 | 23,682 | 19,770 | 17,576 | 11,768 | 7,418 |
EBITDA* | 70,900,000 | 347,100,000 | 203,594,000 | 114,757,000 | 33,825,000 | 18,418,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
---|---|---|---|---|---|---|
Tangible Assets | 1,070,900,000 | 637,700,000 | 464,818,000 | 424,491,000 | 79,356,000 | 52,295,000 |
Intangible Assets | 7,021,500,000 | 2,734,800,000 | 2,292,406,000 | 1,998,066,000 | 1,423,185,000 | 1,097,791,000 |
Investments & Other | 1,500,000 | 1,300,000 | 267,000 | 81,000 | 290,000 | 3,809,000 |
Debtors (Due After 1 year) | 142,100,000 | 52,600,000 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 8,092,400,000 | 3,372,500,000 | 2,757,224,000 | 2,422,557,000 | 1,502,831,000 | 1,153,895,000 |
Stock & work in progress | 96,100,000 | 54,900,000 | 40,484,000 | 37,322,000 | 22,271,000 | 15,034,000 |
Trade Debtors | 106,100,000 | 69,400,000 | 56,731,000 | 53,366,000 | 30,455,000 | 17,218,000 |
Group Debtors | 0 | 0 | 30,567,000 | 27,787,000 | 8,000 | 0 |
Misc Debtors | 150,500,000 | 84,600,000 | 62,120,000 | 54,778,000 | 36,214,000 | 18,486,000 |
Cash | 231,100,000 | 186,500,000 | 219,514,000 | 209,789,000 | 116,057,000 | 101,001,000 |
misc current assets | 0 | 0 | 0 | 678,000 | 0 | 0 |
total current assets | 586,900,000 | 395,600,000 | 413,143,000 | 383,720,000 | 205,005,000 | 151,739,000 |
total assets | 8,679,300,000 | 3,768,100,000 | 3,170,367,000 | 2,806,277,000 | 1,707,836,000 | 1,305,634,000 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 106,800,000 | 100,200,000 | 70,673,000 | 78,319,000 | 50,077,000 | 36,508,000 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 15,600,000 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 77,200,000 | 46,500,000 | 45,543,000 | 29,826,000 | 2,088,000 | 635,000 |
other current liabilities | 661,400,000 | 300,200,000 | 356,225,000 | 252,112,000 | 109,861,000 | 56,109,000 |
total current liabilities | 861,000,000 | 446,900,000 | 472,441,000 | 360,257,000 | 162,026,000 | 93,252,000 |
loans | 10,209,300,000 | 4,847,700,000 | 3,341,150,000 | 2,967,462,000 | 1,506,691,000 | 970,420,000 |
hp & lease commitments | 519,000,000 | 347,900,000 | 296,054,000 | 281,604,000 | 4,744,000 | 3,785,000 |
Accruals and Deferred Income | 0 | 2,800,000 | 3,000 | 0 | 0 | 0 |
other liabilities | 771,600,000 | 641,000,000 | 784,363,000 | 678,821,000 | 0 | 0 |
provisions | 389,600,000 | 134,000,000 | 99,378,000 | 78,352,000 | 10,757,000 | 16,585,000 |
total long term liabilities | 6,127,700,000 | 3,178,100,000 | 2,504,630,000 | 2,201,728,000 | 1,522,192,000 | 990,790,000 |
total liabilities | 6,988,700,000 | 3,625,000,000 | 2,977,071,000 | 2,561,985,000 | 1,684,218,000 | 1,084,042,000 |
net assets | 1,687,300,000 | 124,300,000 | 193,296,000 | 244,292,000 | 23,569,000 | 221,592,000 |
total shareholders funds | 1,687,300,000 | 124,300,000 | 193,296,000 | 244,292,000 | 23,569,000 | 221,592,000 |
Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
---|---|---|---|---|---|---|
Operating Activities | ||||||
Operating Profit | -188,700,000 | 195,300,000 | 90,855,000 | 28,280,000 | -100,320,000 | -41,143,000 |
Depreciation | 175,500,000 | 111,400,000 | 84,881,000 | 68,078,000 | 20,385,000 | 9,394,000 |
Amortisation | 84,100,000 | 40,400,000 | 27,858,000 | 18,399,000 | 113,760,000 | 50,167,000 |
Tax | -58,400,000 | -25,600,000 | 7,124,000 | 3,784,000 | -650,000 | -814,000 |
Stock | 41,200,000 | 14,416,000 | 3,162,000 | 15,051,000 | 7,237,000 | 15,034,000 |
Debtors | 192,100,000 | 57,182,000 | 13,487,000 | 69,254,000 | 30,973,000 | 35,704,000 |
Creditors | 6,600,000 | 29,527,000 | -7,646,000 | 28,242,000 | 13,569,000 | 36,508,000 |
Accruals and Deferred Income | 358,400,000 | -53,228,000 | 104,116,000 | 142,251,000 | 53,752,000 | 56,109,000 |
Deferred Taxes & Provisions | 255,600,000 | 34,622,000 | 21,026,000 | 67,595,000 | -5,828,000 | 16,585,000 |
Cash flow from operations | 399,800,000 | 260,823,000 | 311,565,000 | 272,324,000 | 56,458,000 | 76,068,000 |
Investing Activities | ||||||
capital expenditure | ||||||
Change in Investments | 200,000 | 1,033,000 | 186,000 | -209,000 | -3,519,000 | 3,809,000 |
cash flow from investments | ||||||
Financing Activities | ||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 15,600,000 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 5,361,600,000 | 1,506,550,000 | 373,688,000 | 1,460,771,000 | 536,271,000 | 970,420,000 |
Hire Purchase and Lease Commitments | 201,800,000 | 52,803,000 | 30,167,000 | 304,598,000 | 2,412,000 | 4,420,000 |
other long term liabilities | 130,600,000 | -143,363,000 | 105,542,000 | 678,821,000 | 0 | 0 |
share issue | ||||||
interest | -359,700,000 | -177,400,000 | -168,084,000 | -159,716,000 | -91,088,000 | -50,593,000 |
cash flow from financing | 7,453,400,000 | 1,219,194,000 | 355,356,000 | 2,616,273,000 | 441,711,000 | 1,238,422,000 |
cash and cash equivalents | ||||||
cash | 44,600,000 | -33,014,000 | 9,725,000 | 93,732,000 | 15,056,000 | 101,001,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 44,600,000 | -33,014,000 | 9,725,000 | 93,732,000 | 15,056,000 | 101,001,000 |
P&L
September 2022turnover
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 2022net 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
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.
ivc acquisition midco ltd Companies House Filings - See Documents
date | description | view/download |
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