bid i-a europe (uk) limited
bid i-a europe (uk) limited Company Information
Company Number
10958609
Website
-Registered Address
10th floor 5 churchill place, london, E14 5HU
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
bid us bermuda finco limited 100%
bid i-a europe (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BID I-A EUROPE (UK) LIMITED at £15.3m based on a Turnover of £8.6m and 1.78x industry multiple (adjusted for size and gross margin).
bid i-a europe (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BID I-A EUROPE (UK) LIMITED at £57.9m based on an EBITDA of £8.2m and a 7.02x industry multiple (adjusted for size and gross margin).
bid i-a europe (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BID I-A EUROPE (UK) LIMITED at £2.9m based on Net Assets of £4.4m and 0.68x industry multiple (adjusted for liquidity).
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Bid I-a Europe (uk) Limited Overview
Bid I-a Europe (uk) Limited is a live company located in london, E14 5HU with a Companies House number of 10958609. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in September 2017, it's largest shareholder is bid us bermuda finco limited with a 100% stake. Bid I-a Europe (uk) Limited is a young, mid sized company, Pomanda has estimated its turnover at £8.6m with declining growth in recent years.
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Bid I-a Europe (uk) Limited Health Check
Pomanda's financial health check has awarded Bid I-A Europe (Uk) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £8.6m, make it larger than the average company (£4.6m)
£8.6m - Bid I-a Europe (uk) Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (3.2%)
-9% - Bid I-a Europe (uk) Limited
3.2% - Industry AVG
Production
with a gross margin of 61.2%, this company has a comparable cost of product (61.2%)
61.2% - Bid I-a Europe (uk) Limited
61.2% - Industry AVG
Profitability
an operating margin of 96.1% make it more profitable than the average company (10.9%)
96.1% - Bid I-a Europe (uk) Limited
10.9% - Industry AVG
Employees
with 38 employees, this is above the industry average (15)
- Bid I-a Europe (uk) Limited
15 - Industry AVG
Pay Structure
on an average salary of £79k, the company has an equivalent pay structure (£79k)
- Bid I-a Europe (uk) Limited
£79k - Industry AVG
Efficiency
resulting in sales per employee of £225.6k, this is equally as efficient (£225.9k)
- Bid I-a Europe (uk) Limited
£225.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Bid I-a Europe (uk) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Bid I-a Europe (uk) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bid I-a Europe (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (38 weeks)
4 weeks - Bid I-a Europe (uk) Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.6%, this is a higher level of debt than the average (58.8%)
96.6% - Bid I-a Europe (uk) Limited
58.8% - Industry AVG
BID I-A EUROPE (UK) LIMITED financials
Bid I-A Europe (Uk) Limited's latest turnover from December 2022 is £8.6 million and the company has net assets of £4.4 million. According to their latest financial statements, we estimate that Bid I-A Europe (Uk) Limited has 38 employees and maintains cash reserves of £263.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 8,570,935 | 15,829,034 | 14,152,649 | 11,529,191 | 5,111,587 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | 8,235,498 | 7,768,191 | 12,430,329 | 9,872,344 | 4,517,943 |
| Interest Payable | 8,170,658 | 7,365,238 | 12,167,545 | 9,557,222 | 4,363,507 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 64,840 | 401,174 | 436,020 | 333,869 | 154,437 |
| Tax | -12,103 | -125,423 | -159,846 | -59,811 | -29,459 |
| Profit After Tax | 52,736 | 275,752 | 276,174 | 274,058 | 124,978 |
| Dividends Paid | 165,125 | 4,822,096 | 0 | 0 | 0 |
| Retained Profit | -112,389 | -4,546,344 | 276,174 | 274,058 | 124,978 |
| Employee Costs | |||||
| Number Of Employees | |||||
| EBITDA* | 8,235,498 | 7,768,191 | 12,430,329 | 9,872,344 | 4,517,943 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 124,376,243 | 140,839,708 | 228,124,529 | 208,851,991 | 80,006,249 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 123,969,914 | 139,832,769 | 226,883,421 | 208,851,990 | 80,006,248 |
| Debtors (Due After 1 year) | 406,328 | 503,469 | 0 | 0 | 0 |
| Total Fixed Assets | 124,376,242 | 140,336,239 | 228,124,529 | 208,851,990 | 80,006,248 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 2,021,882 | 4,482,383 | 4,093,912 | 2,141,582 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,014,610 | 0 | 0 | 0 | 0 |
| Cash | 263,681 | 523,928 | 200,853 | 315,122 | 130,333 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,278,292 | 2,545,810 | 4,683,237 | 4,409,034 | 2,271,916 |
| total assets | 127,654,534 | 142,882,049 | 232,807,766 | 213,261,024 | 82,278,164 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 1,757,694 | 3,673,948 | 3,424,389 | 1,640,778 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,061,294 | 951,787 | 1,097,999 | 1,258,703 | 1,202,463 |
| total current liabilities | 3,061,295 | 2,709,482 | 4,771,947 | 4,683,092 | 2,843,242 |
| loans | 240,470,302 | 271,010,496 | 439,270,230 | 402,717,370 | 151,408,676 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 67,603 | 572,432 | 527,584 | 1,191,751 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 120,235,151 | 135,572,851 | 220,207,548 | 201,886,270 | 76,896,089 |
| total liabilities | 123,296,446 | 138,282,333 | 224,979,495 | 206,569,362 | 79,739,331 |
| net assets | 4,358,088 | 4,599,716 | 7,828,271 | 6,691,662 | 2,538,832 |
| total shareholders funds | 4,358,088 | 4,599,715 | 7,828,270 | 6,691,662 | 2,538,832 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 8,235,498 | 7,768,191 | 12,430,329 | 9,872,344 | 4,517,943 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | -12,103 | -125,423 | -159,846 | -59,811 | -29,459 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 895,587 | -1,957,032 | 388,472 | 1,952,330 | 2,141,581 |
| Creditors | -1,757,694 | -1,916,253 | 249,559 | 1,783,610 | 1,640,778 |
| Accruals and Deferred Income | 2,041,904 | -651,041 | -115,856 | -607,927 | 2,394,214 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 7,612,018 | 7,032,506 | 12,015,714 | 9,035,886 | 6,381,895 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -15,862,855 | -87,050,652 | 18,031,431 | 128,845,742 | 80,006,248 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -30,540,194 | -168,259,734 | 36,552,860 | 251,308,694 | 151,408,676 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -8,170,658 | -7,365,238 | -12,167,545 | -9,557,222 | -4,363,507 |
| cash flow from financing | -38,840,091 | -174,307,183 | 25,245,749 | 245,630,244 | 149,459,023 |
| cash and cash equivalents | |||||
| cash | -260,247 | 323,075 | -114,269 | 184,789 | 130,333 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -260,247 | 323,075 | -114,269 | 184,789 | 130,333 |
bid i-a europe (uk) limited Credit Report and Business Information
Bid I-a Europe (uk) Limited Competitor Analysis
Perform a competitor analysis for bid i-a europe (uk) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in E14 area or any other competitors across 12 key performance metrics.
bid i-a europe (uk) limited Ownership
BID I-A EUROPE (UK) LIMITED group structure
Bid I-A Europe (Uk) Limited has no subsidiary companies.
Ultimate parent company
BID US BERMUDA FINCO LTD
#0112879
1 parent
BID I-A EUROPE (UK) LIMITED
10958609
bid i-a europe (uk) limited directors
Bid I-A Europe (Uk) Limited currently has 3 directors. The longest serving directors include Mr Ian Simes (Sep 2017) and Mr Cormac Kerins (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Simes | England | 49 years | Sep 2017 | - | Director |
| Mr Cormac Kerins | England | 38 years | Dec 2022 | - | Director |
| Mr Benjamin Epstein | United Kingdom | 34 years | Apr 2023 | - | Director |
P&L
December 2022turnover
8.6m
-46%
operating profit
8.2m
+6%
gross margin
61.3%
-2.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
4.4m
-0.05%
total assets
127.7m
-0.11%
cash
263.7k
-0.5%
net assets
Total assets minus all liabilities
Similar Companies
bid i-a europe (uk) limited company details
company number
10958609
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
September 2017
age
7
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
10th floor 5 churchill place, london, E14 5HU
accountant
-
auditor
DELOITTE LLP
bid i-a europe (uk) 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 7 charges/mortgages relating to bid i-a europe (uk) limited. Currently there are 3 open charges and 4 have been satisfied in the past.
bid i-a europe (uk) limited Companies House Filings - See Documents
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