quadgas midco limited
quadgas midco limited Company Information
Company Number
10615396
Website
nationalgrid.comRegistered Address
cadent, pilot way, ansty, coventry, CV7 9JU
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
quadgas pledgeco limited 100%
quadgas midco limited Estimated Valuation
Pomanda estimates the enterprise value of QUADGAS MIDCO LIMITED at £2.9b based on a Turnover of £2.3b and 1.24x industry multiple (adjusted for size and gross margin).
quadgas midco limited Estimated Valuation
Pomanda estimates the enterprise value of QUADGAS MIDCO LIMITED at £13.2b based on an EBITDA of £1.4b and a 9.69x industry multiple (adjusted for size and gross margin).
quadgas midco limited Estimated Valuation
Pomanda estimates the enterprise value of QUADGAS MIDCO LIMITED at £8.4b based on Net Assets of £3.7b and 2.27x industry multiple (adjusted for liquidity).
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Quadgas Midco Limited Overview
Quadgas Midco Limited is a live company located in coventry, CV7 9JU with a Companies House number of 10615396. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2017, it's largest shareholder is quadgas pledgeco limited with a 100% stake. Quadgas Midco Limited is a young, mega sized company, Pomanda has estimated its turnover at £2.3b with low growth in recent years.
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Quadgas Midco Limited Health Check
Pomanda's financial health check has awarded Quadgas Midco Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £2.3b, make it larger than the average company (£3m)
£2.3b - Quadgas Midco Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a similar rate (4.1%)
3% - Quadgas Midco Limited
4.1% - Industry AVG
Production
with a gross margin of 38.8%, this company has a comparable cost of product (38.8%)
38.8% - Quadgas Midco Limited
38.8% - Industry AVG
Profitability
an operating margin of 38.3% make it more profitable than the average company (6.5%)
38.3% - Quadgas Midco Limited
6.5% - Industry AVG
Employees
with 6018 employees, this is above the industry average (20)
6018 - Quadgas Midco Limited
20 - Industry AVG
Pay Structure
on an average salary of £42.4k, the company has an equivalent pay structure (£43.7k)
£42.4k - Quadgas Midco Limited
£43.7k - Industry AVG
Efficiency
resulting in sales per employee of £388.8k, this is more efficient (£136.7k)
£388.8k - Quadgas Midco Limited
£136.7k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (39 days)
1 days - Quadgas Midco Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is slower than average (33 days)
43 days - Quadgas Midco Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (29 days)
3 days - Quadgas Midco Limited
29 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (28 weeks)
1 weeks - Quadgas Midco Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.8%, this is a higher level of debt than the average (60%)
79.8% - Quadgas Midco Limited
60% - Industry AVG
quadgas midco limited Credit Report and Business Information
Quadgas Midco Limited Competitor Analysis
Perform a competitor analysis for quadgas midco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
quadgas midco limited Ownership
QUADGAS MIDCO LIMITED group structure
Quadgas Midco Limited has 3 subsidiary companies.
Ultimate parent company
QUADGAS HOLDINGS TOPCO LTD
#0111449
2 parents
QUADGAS MIDCO LIMITED
10615396
3 subsidiaries
quadgas midco limited directors
Quadgas Midco Limited currently has 17 directors. The longest serving directors include Mr Mark Braithwaite (Feb 2017) and Mr Deven Karnik (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Braithwaite | 58 years | Feb 2017 | - | Director | |
| Mr Deven Karnik | England | 56 years | Mar 2017 | - | Director |
| Mr David Xie | England | 46 years | May 2017 | - | Director |
| Sir Adrian Montague | England | 76 years | Nov 2017 | - | Director |
| Mr Abdulla Al-Ansari | England | 36 years | May 2018 | - | Director |
| Mr Hua Su | England | 33 years | Aug 2018 | - | Director |
| Mr Mark Mathieson | England | 57 years | Nov 2018 | - | Director |
| Mr Eduard Fidler | England | 47 years | Nov 2018 | - | Director |
| Mr Simon Fennell | England | 44 years | May 2019 | - | Director |
| Mr Simon Fennell | United Kingdom | 44 years | May 2019 | - | Director |
QUADGAS MIDCO LIMITED financials
Quadgas Midco Limited's latest turnover from March 2023 is £2.3 billion and the company has net assets of £3.7 billion. According to their latest financial statements, Quadgas Midco Limited has 6,018 employees and maintains cash reserves of £28 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 2,340,000,000 | 1,984,000,000 | 2,074,000,000 | 2,115,000,000 | 1,986,000,000 | 1,852,000,000 | 0 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | 896,000,000 | 631,000,000 | 850,000,000 | 649,000,000 | -623,000,000 | 648,000,000 | -10,000,000 |
| Interest Payable | 584,000,000 | 402,000,000 | 261,000,000 | 281,000,000 | 264,000,000 | 272,000,000 | 0 |
| Interest Receivable | 35,000,000 | 10,000,000 | 22,000,000 | 18,000,000 | 16,000,000 | 3,000,000 | 0 |
| Pre-Tax Profit | 507,000,000 | 164,000,000 | 614,000,000 | 372,000,000 | -884,000,000 | 379,000,000 | -10,000,000 |
| Tax | -146,000,000 | -633,000,000 | -116,000,000 | -328,000,000 | -90,000,000 | -76,000,000 | 0 |
| Profit After Tax | 361,000,000 | -469,000,000 | 498,000,000 | 44,000,000 | -974,000,000 | 303,000,000 | -10,000,000 |
| Dividends Paid | 212,000,000 | 135,000,000 | 127,000,000 | 275,000,000 | 340,000,000 | 369,000,000 | 0 |
| Retained Profit | 149,000,000 | -604,000,000 | 371,000,000 | -231,000,000 | -1,314,000,000 | -66,000,000 | -10,000,000 |
| Employee Costs | 255,000,000 | 244,000,000 | 304,000,000 | 258,000,000 | 256,000,000 | 0 | |
| Number Of Employees | 6,018 | 5,945 | 5,258 | 3,938 | 4,062 | 4,012 | 4,049 |
| EBITDA* | 1,364,000,000 | 1,081,000,000 | 850,000,000 | 1,266,000,000 | -254,000,000 | 1,002,000,000 | -10,000,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,313,000,000 | 14,548,000,000 | 12,890,000,000 | 13,343,000,000 | 11,719,000,000 | 11,184,000,000 | 10,418,000,000 |
| Intangible Assets | 3,904,000,000 | 3,926,000,000 | 3,944,000,000 | 3,946,000,000 | 4,146,000,000 | 5,514,000,000 | 5,546,000,000 |
| Investments & Other | 43,000,000 | 7,000,000 | 0 | 44,000,000 | 8,000,000 | 13,000,000 | 0 |
| Debtors (Due After 1 year) | 729,000,000 | 1,084,000,000 | 428,000,000 | 938,000,000 | 44,000,000 | 50,000,000 | 54,000,000 |
| Total Fixed Assets | 17,488,000,000 | 17,391,000,000 | 16,408,000,000 | 16,372,000,000 | 15,865,000,000 | 16,698,000,000 | 15,964,000,000 |
| Stock & work in progress | 15,000,000 | 11,000,000 | 12,000,000 | 10,000,000 | 10,000,000 | 6,000,000 | 7,000,000 |
| Trade Debtors | 8,000,000 | 12,000,000 | 17,000,000 | 10,000,000 | 182,000,000 | 27,000,000 | 15,000,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 203,000,000 | 167,000,000 | 200,000,000 | 230,000,000 | 203,000,000 | 210,000,000 | 203,000,000 |
| Cash | 28,000,000 | 21,000,000 | 22,000,000 | 26,000,000 | 12,000,000 | 20,000,000 | 5,000,000 |
| misc current assets | 526,000,000 | 82,000,000 | 828,000,000 | 332,000,000 | 339,000,000 | 166,000,000 | 61,000,000 |
| total current assets | 804,000,000 | 299,000,000 | 1,082,000,000 | 608,000,000 | 580,000,000 | 429,000,000 | 291,000,000 |
| total assets | 18,292,000,000 | 17,690,000,000 | 17,490,000,000 | 16,980,000,000 | 16,445,000,000 | 17,127,000,000 | 16,255,000,000 |
| Bank overdraft | 0 | 1,000,000 | 5,000,000 | 8,000,000 | 9,000,000 | 5,000,000 | 20,000,000 |
| Bank loan | 157,000,000 | 91,000,000 | 53,000,000 | 75,000,000 | 2,000,000 | 2,000,000 | 2,000,000 |
| Trade Creditors | 171,000,000 | 132,000,000 | 269,000,000 | 280,000,000 | 276,000,000 | 213,000,000 | 176,000,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 64,000,000 | 59,000,000 | 300,000,000 | 56,000,000 | 55,000,000 | 46,000,000 | 38,000,000 |
| hp & lease commitments | 12,000,000 | 8,000,000 | 6,000,000 | 9,000,000 | 0 | 0 | 0 |
| other current liabilities | 352,000,000 | 308,000,000 | 315,000,000 | 330,000,000 | 355,000,000 | 283,000,000 | 266,000,000 |
| total current liabilities | 756,000,000 | 599,000,000 | 948,000,000 | 758,000,000 | 697,000,000 | 549,000,000 | 502,000,000 |
| loans | 20,760,000,000 | 19,507,000,000 | 19,704,000,000 | 18,739,000,000 | 18,990,000,000 | 17,327,000,000 | 16,664,000,000 |
| hp & lease commitments | 78,000,000 | 60,000,000 | 16,000,000 | 18,000,000 | 0 | 6,000,000 | 0 |
| Accruals and Deferred Income | 30,000,000 | 16,000,000 | 8,000,000 | 12,000,000 | 27,000,000 | 58,000,000 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 5,702,000,000 | 5,746,000,000 | 4,296,000,000 | 4,532,000,000 | 4,016,000,000 | 3,998,000,000 | 3,916,000,000 |
| total long term liabilities | 13,838,000,000 | 13,229,000,000 | 12,519,000,000 | 12,135,000,000 | 11,549,000,000 | 11,176,000,000 | 10,835,000,000 |
| total liabilities | 14,594,000,000 | 13,828,000,000 | 13,467,000,000 | 12,893,000,000 | 12,246,000,000 | 11,725,000,000 | 11,337,000,000 |
| net assets | 3,698,000,000 | 3,862,000,000 | 4,023,000,000 | 4,087,000,000 | 4,199,000,000 | 5,402,000,000 | 4,918,000,000 |
| total shareholders funds | 3,698,000,000 | 3,862,000,000 | 4,023,000,000 | 4,087,000,000 | 4,199,000,000 | 5,402,000,000 | 4,918,000,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 896,000,000 | 631,000,000 | 850,000,000 | 649,000,000 | -623,000,000 | 648,000,000 | -10,000,000 |
| Depreciation | 448,000,000 | 429,000,000 | 371,000,000 | 343,000,000 | 354,000,000 | 0 | |
| Amortisation | 20,000,000 | 21,000,000 | 246,000,000 | 26,000,000 | 0 | 0 | |
| Tax | -146,000,000 | -633,000,000 | -116,000,000 | -328,000,000 | -90,000,000 | -76,000,000 | 0 |
| Stock | 4,000,000 | -1,000,000 | 2,000,000 | 0 | 4,000,000 | -1,000,000 | 7,000,000 |
| Debtors | -323,000,000 | 618,000,000 | -533,000,000 | 915,000,000 | -24,000,000 | 15,000,000 | 272,000,000 |
| Creditors | 39,000,000 | -137,000,000 | -11,000,000 | 4,000,000 | 63,000,000 | 37,000,000 | 176,000,000 |
| Accruals and Deferred Income | 58,000,000 | 1,000,000 | -19,000,000 | -40,000,000 | 41,000,000 | 75,000,000 | 266,000,000 |
| Deferred Taxes & Provisions | -44,000,000 | 1,450,000,000 | -236,000,000 | 516,000,000 | 18,000,000 | 82,000,000 | 3,916,000,000 |
| Cash flow from operations | 1,590,000,000 | 1,145,000,000 | 503,000,000 | -202,000,000 | 1,106,000,000 | 4,069,000,000 | |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 36,000,000 | 7,000,000 | -44,000,000 | 36,000,000 | -5,000,000 | 13,000,000 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 66,000,000 | 38,000,000 | -22,000,000 | 73,000,000 | 0 | 0 | 2,000,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 5,000,000 | -241,000,000 | 244,000,000 | 1,000,000 | 9,000,000 | 8,000,000 | 38,000,000 |
| Long term loans | 1,253,000,000 | -197,000,000 | 965,000,000 | -251,000,000 | 1,663,000,000 | 663,000,000 | 16,664,000,000 |
| Hire Purchase and Lease Commitments | 22,000,000 | 46,000,000 | -5,000,000 | 27,000,000 | -6,000,000 | 6,000,000 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -549,000,000 | -392,000,000 | -239,000,000 | -263,000,000 | -248,000,000 | -269,000,000 | 0 |
| cash flow from financing | 484,000,000 | -303,000,000 | 508,000,000 | -294,000,000 | 1,529,000,000 | 958,000,000 | 21,632,000,000 |
| cash and cash equivalents | |||||||
| cash | 7,000,000 | -1,000,000 | -4,000,000 | 14,000,000 | -8,000,000 | 15,000,000 | 5,000,000 |
| overdraft | -1,000,000 | -4,000,000 | -3,000,000 | -1,000,000 | 4,000,000 | -15,000,000 | 20,000,000 |
| change in cash | 8,000,000 | 3,000,000 | -1,000,000 | 15,000,000 | -12,000,000 | 30,000,000 | -15,000,000 |
P&L
March 2023turnover
2.3b
+18%
operating profit
896m
+42%
gross margin
38.9%
+1.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
3.7b
-0.04%
total assets
18.3b
+0.03%
cash
28m
+0.33%
net assets
Total assets minus all liabilities
quadgas midco limited company details
company number
10615396
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2017
age
7
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
cadent, pilot way, ansty, coventry, CV7 9JU
last accounts submitted
March 2023
quadgas midco 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 quadgas midco limited.
quadgas midco limited Companies House Filings - See Documents
| date | description | view/download |
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