acorn bidco limited

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acorn bidco limited Company Information

Share ACORN BIDCO LIMITED

Company Number

10627467

Shareholders

acorn topco limited

Group Structure

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Industry

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

 

Registered Address

4 beacon road trafford park, manchester, M17 1AF

acorn bidco limited Estimated Valuation

£738.7k

Pomanda estimates the enterprise value of ACORN BIDCO LIMITED at £738.7k based on a Turnover of £652.6k and 1.13x industry multiple (adjusted for size and gross margin).

acorn bidco limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ACORN BIDCO LIMITED at £0 based on an EBITDA of £-275.9k and a 4.7x industry multiple (adjusted for size and gross margin).

acorn bidco limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ACORN BIDCO LIMITED at £0 based on Net Assets of £-7.1m and 1.34x industry multiple (adjusted for liquidity).

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Acorn Bidco Limited Overview

Acorn Bidco Limited is a live company located in manchester, M17 1AF with a Companies House number of 10627467. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2017, it's largest shareholder is acorn topco limited with a 100% stake. Acorn Bidco Limited is a young, small sized company, Pomanda has estimated its turnover at £652.6k with declining growth in recent years.

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Acorn Bidco Limited Health Check

Pomanda's financial health check has awarded Acorn Bidco Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating0.5out of 5
positive_score

0 Strong

positive_score

1 Regular

positive_score

9 Weak

size

Size

annual sales of £652.6k, make it smaller than the average company (£18.9m)

£652.6k - Acorn Bidco Limited

£18.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (10.6%)

-12% - Acorn Bidco Limited

10.6% - Industry AVG

production

Production

with a gross margin of 36.4%, this company has a comparable cost of product (36.4%)

36.4% - Acorn Bidco Limited

36.4% - Industry AVG

profitability

Profitability

an operating margin of -42.3% make it less profitable than the average company (4.5%)

-42.3% - Acorn Bidco Limited

4.5% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (104)

5 - Acorn Bidco Limited

104 - Industry AVG

paystructure

Pay Structure

on an average salary of £143.2k, the company has a higher pay structure (£44.7k)

£143.2k - Acorn Bidco Limited

£44.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £130.5k, this is less efficient (£191.4k)

£130.5k - Acorn Bidco Limited

£191.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Acorn Bidco Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (44 days)

1 days - Acorn Bidco Limited

44 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Acorn Bidco Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (14 weeks)

6 weeks - Acorn Bidco Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 141.7%, this is a higher level of debt than the average (69.6%)

141.7% - Acorn Bidco Limited

69.6% - Industry AVG

ACORN BIDCO LIMITED financials

EXPORTms excel logo

Acorn Bidco Limited's latest turnover from December 2023 is £652.6 thousand and the company has net assets of -£7.1 million. According to their latest financial statements, Acorn Bidco Limited has 5 employees and maintains cash reserves of £132.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Turnover652,557628,074635,400948,000948,000948,000711,000
Other Income Or Grants0000000
Cost Of Sales415,128400,588412,761621,043618,586628,795469,417
Gross Profit237,429227,486222,639326,957329,414319,205241,583
Admin Expenses513,375583,192548,73472,794529,962737,246173,354
Operating Profit-275,946-355,706-326,095254,163-200,548-418,04168,229
Interest Payable2,304,2052,114,4791,803,2151,595,3291,639,0971,561,2301,191,997
Interest Receivable0000000
Pre-Tax Profit-2,580,151-2,470,185-2,129,310-1,341,166-1,839,645-1,979,271-1,123,768
Tax132,722158,320126,118-7,802-47,662105,15370,200
Profit After Tax-2,447,429-2,311,865-2,003,192-1,348,968-1,887,307-1,874,118-1,053,568
Dividends Paid0000000
Retained Profit-2,447,429-2,311,865-2,003,192-1,348,968-1,887,307-1,874,118-1,053,568
Employee Costs716,096773,705684,172512,760678,45976,004263,312
Number Of Employees5554113
EBITDA*-275,946-355,706-326,095254,163-200,548-418,04168,229

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Tangible Assets0000000
Intangible Assets0000000
Investments & Other13,087,85613,087,85613,087,85613,087,85613,087,85613,585,35614,085,356
Debtors (Due After 1 year)281,715262,09700000
Total Fixed Assets13,369,57113,349,95313,087,85613,087,85613,087,85613,585,35614,085,356
Stock & work in progress0000000
Trade Debtors0000000
Group Debtors3,480,9225,800,2536,634,3053,203,3363,162,3843,121,3353,073,335
Misc Debtors9,85111,279123,53411,66341,836180,587127,865
Cash132,18213,39712,8566,8998,1031,47571,941
misc current assets0000000
total current assets3,622,9555,824,9296,770,6953,221,8983,212,3233,303,3973,273,141
total assets16,992,52619,174,88219,858,55116,309,75416,300,17916,888,75317,358,497
Bank overdraft00000350,000350,000
Bank loan457,3271,864,3321,947,605245,835508,43700
Trade Creditors 1,5007,52215,90752,468112,14870,05369,591
Group/Directors Accounts392,417473,264472,0241,082,3342,459,8721,445,693748,607
other short term finances0024,40460,00060,00000
hp & lease commitments0000000
other current liabilities196,20160,00075,483114,214277,318253,046535,061
total current liabilities1,047,4452,405,1182,535,4231,554,8513,417,7752,118,7921,703,259
loans23,024,39321,401,64719,643,14615,071,72917,697,39617,697,64616,708,805
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities0000000
provisions0000000
total long term liabilities23,024,39321,401,64719,643,14615,071,72917,697,39617,697,64616,708,805
total liabilities24,071,83823,806,76522,178,56916,626,58021,115,17119,816,43818,412,064
net assets-7,079,312-4,631,883-2,320,018-316,826-4,814,992-2,927,685-1,053,567
total shareholders funds-7,079,312-4,631,883-2,320,018-316,826-4,814,992-2,927,685-1,053,567
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Operating Activities
Operating Profit-275,946-355,706-326,095254,163-200,548-418,04168,229
Depreciation0000000
Amortisation0000000
Tax132,722158,320126,118-7,802-47,662105,15370,200
Stock0000000
Debtors-2,301,141-684,2103,542,84010,779-97,702100,7223,201,200
Creditors-6,022-8,385-36,561-59,68042,09546269,591
Accruals and Deferred Income136,201-15,483-38,731-163,10424,272-282,015535,061
Deferred Taxes & Provisions0000000
Cash flow from operations2,288,096462,956-3,818,10912,798-84,141-695,163-2,458,119
Investing Activities
capital expenditure0000000
Change in Investments0000-497,500-500,00014,085,356
cash flow from investments0000497,500500,000-14,085,356
Financing Activities
Bank loans-1,407,005-83,2731,701,770-262,602508,43700
Group/Directors Accounts-80,8471,240-610,310-1,377,5381,014,179697,086748,607
Other Short Term Loans 0-24,404-35,596060,00000
Long term loans1,622,7461,758,5014,571,417-2,625,667-250988,84116,708,805
Hire Purchase and Lease Commitments0000000
other long term liabilities0000000
share issue0005,847,134001
interest-2,304,205-2,114,479-1,803,215-1,595,329-1,639,097-1,561,230-1,191,997
cash flow from financing-2,169,311-462,4153,824,066-14,002-56,731124,69716,265,416
cash and cash equivalents
cash118,7855415,957-1,2046,628-70,46671,941
overdraft0000-350,0000350,000
change in cash118,7855415,957-1,204356,628-70,466-278,059

acorn bidco limited 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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Acorn Bidco Limited Competitor Analysis

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Perform a competitor analysis for acorn bidco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in M17 area or any other competitors across 12 key performance metrics.

acorn bidco limited Ownership

ACORN BIDCO LIMITED group structure

Acorn Bidco Limited has 2 subsidiary companies.

Ultimate parent company

1 parent

ACORN BIDCO LIMITED

10627467

2 subsidiaries

ACORN BIDCO LIMITED Shareholders

acorn topco limited 100%

acorn bidco limited directors

Acorn Bidco Limited currently has 4 directors. The longest serving directors include Mr Ian Forrester (Oct 2019) and Mr Marcus Hudson (Oct 2019).

officercountryagestartendrole
Mr Ian ForresterEngland54 years Oct 2019- Director
Mr Marcus HudsonEngland54 years Oct 2019- Director
Mrs Suzanne SmithEngland42 years Jun 2024- Director
Mr Sandeep ChadhaEngland56 years Jun 2024- Director

P&L

December 2023

turnover

652.6k

+4%

operating profit

-275.9k

-22%

gross margin

36.4%

+0.46%

turnover

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

Balance Sheet

December 2023

net assets

-7.1m

+0.53%

total assets

17m

-0.11%

cash

132.2k

+8.87%

net assets

Total assets minus all liabilities

acorn bidco limited company details

company number

10627467

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

February 2017

age

8

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

crossco (1415) limited (March 2017)

accountant

-

auditor

RSM UK AUDIT LLP

address

4 beacon road trafford park, manchester, M17 1AF

Bank

YORKSHIRE BANK PLC

Legal Advisor

-

acorn bidco 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 5 charges/mortgages relating to acorn bidco limited. Currently there are 0 open charges and 5 have been satisfied in the past.

acorn bidco limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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acorn bidco limited Companies House Filings - See Documents

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