birmingham organising committee for the 2022 commonwealth games ltd
birmingham organising committee for the 2022 commonwealth games ltd Company Information
Company Number
11120160
Next Accounts
210 days late
Industry
Operation of sports facilities
Shareholders
-
Group Structure
View All
Contact
Registered Address
pricewaterhousecoopers llp, one chamberlain square, birmingham, B3 3AX
Website
www.birmingham2022.combirmingham organising committee for the 2022 commonwealth games ltd Estimated Valuation
Pomanda estimates the enterprise value of BIRMINGHAM ORGANISING COMMITTEE FOR THE 2022 COMMONWEALTH GAMES LTD at £1.1b based on a Turnover of £579.7m and 1.95x industry multiple (adjusted for size and gross margin).
birmingham organising committee for the 2022 commonwealth games ltd Estimated Valuation
Pomanda estimates the enterprise value of BIRMINGHAM ORGANISING COMMITTEE FOR THE 2022 COMMONWEALTH GAMES LTD at £38.8m based on an EBITDA of £4m and a 9.67x industry multiple (adjusted for size and gross margin).
birmingham organising committee for the 2022 commonwealth games ltd Estimated Valuation
Pomanda estimates the enterprise value of BIRMINGHAM ORGANISING COMMITTEE FOR THE 2022 COMMONWEALTH GAMES LTD at £0 based on Net Assets of £0 and 1.86x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Birmingham Organising Committee For The 2022 Commonwealth Games Ltd Overview
Birmingham Organising Committee For The 2022 Commonwealth Games Ltd is a live company located in birmingham, B3 3AX with a Companies House number of 11120160. It operates in the operation of sports facilities sector, SIC Code 93110. Founded in December 2017, it's largest shareholder is unknown. Birmingham Organising Committee For The 2022 Commonwealth Games Ltd is a young, mega sized company, Pomanda has estimated its turnover at £579.7m with rapid growth in recent years.
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Birmingham Organising Committee For The 2022 Commonwealth Games Ltd Health Check
Pomanda's financial health check has awarded Birmingham Organising Committee For The 2022 Commonwealth Games Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £579.7m, make it larger than the average company (£614.7k)
£579.7m - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
£614.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 187%, show it is growing at a faster rate (0.7%)
187% - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
0.7% - Industry AVG
Production
with a gross margin of 64.2%, this company has a comparable cost of product (64.2%)
64.2% - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
64.2% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (6.5%)
0% - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
6.5% - Industry AVG
Employees
with 627 employees, this is above the industry average (21)
627 - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
21 - Industry AVG
Pay Structure
on an average salary of £74.7k, the company has a higher pay structure (£18.6k)
£74.7k - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
£18.6k - Industry AVG
Efficiency
resulting in sales per employee of £924.6k, this is more efficient (£42.7k)
£924.6k - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
£42.7k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (10 days)
0 days - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
10 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (50 days)
17 days - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is less cash available to meet short term requirements (49 weeks)
16 weeks - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
49 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (44.9%)
100% - Birmingham Organising Committee For The 2022 Commonwealth Games Ltd
44.9% - Industry AVG
BIRMINGHAM ORGANISING COMMITTEE FOR THE 2022 COMMONWEALTH GAMES LTD financials
Birmingham Organising Committee For The 2022 Commonwealth Games Ltd's latest turnover from September 2022 is £579.7 million and the company has net assets of 0. According to their latest financial statements, Birmingham Organising Committee For The 2022 Commonwealth Games Ltd has 627 employees and maintains cash reserves of £35.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|
| Turnover | 579,712,000 | 47,186,000 | 16,145,000 | 24,507,000 |
| Other Income Or Grants | 0 | |||
| Cost Of Sales | 0 | |||
| Gross Profit | 24,507,000 | |||
| Admin Expenses | 24,506,000 | |||
| Operating Profit | -59,000 | 111,000 | 100,000 | 1,000 |
| Interest Payable | 96,000 | 111,000 | 100,000 | 1,000 |
| Interest Receivable | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -155,000 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 |
| Profit After Tax | -155,000 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -155,000 | 0 | 0 | 0 |
| Employee Costs | 46,857,000 | 10,280,000 | 3,152,000 | 331,000 |
| Number Of Employees | 627 | 184 | 45 | 3 |
| EBITDA* | 4,014,000 | 1,418,000 | 139,000 | 7,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|
| Tangible Assets | 242,000 | 2,711,000 | 16,716,000 | 39,000 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 13,574,000 | 0 |
| Total Fixed Assets | 242,000 | 2,711,000 | 16,716,000 | 39,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 179,000 | 21,449,000 | 176,000 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 48,894,000 | 3,225,000 | 1,920,000 | 4,391,000 |
| Cash | 35,789,000 | 3,723,000 | 3,140,000 | 1,749,000 |
| misc current assets | 0 | 0 | 0 | 7,000 |
| total current assets | 111,516,000 | 30,548,000 | 5,236,000 | 6,147,000 |
| total assets | 111,758,000 | 33,259,000 | 21,952,000 | 6,186,000 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,830,000 | 22,233,000 | 186,000 | 77,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 39,000 | 2,982,000 | 812,000 | 0 |
| other current liabilities | 101,889,000 | 7,889,000 | 3,197,000 | 5,631,000 |
| total current liabilities | 111,758,000 | 33,104,000 | 4,195,000 | 5,708,000 |
| loans | 0 | 0 | 5,848,000 | 0 |
| hp & lease commitments | 0 | 0 | 2,924,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 682,000 | 0 |
| other liabilities | 0 | 0 | 13,706,000 | 478,000 |
| provisions | 0 | 0 | 580,000 | 0 |
| total long term liabilities | 0 | 0 | 17,602,000 | 478,000 |
| total liabilities | 111,758,000 | 33,104,000 | 21,797,000 | 6,186,000 |
| net assets | 0 | 155,000 | 155,000 | 0 |
| total shareholders funds | 0 | 155,000 | 155,000 | 0 |
| Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -59,000 | 111,000 | 100,000 | 1,000 |
| Depreciation | 4,073,000 | 1,307,000 | 39,000 | 6,000 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 24,399,000 | 9,004,000 | 11,279,000 | 4,391,000 |
| Creditors | -12,403,000 | 22,047,000 | 109,000 | 77,000 |
| Accruals and Deferred Income | 94,000,000 | 4,010,000 | -1,752,000 | 5,631,000 |
| Deferred Taxes & Provisions | 0 | -580,000 | 580,000 | 0 |
| Cash flow from operations | 61,212,000 | 17,891,000 | -12,203,000 | 1,324,000 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -5,848,000 | 5,848,000 | 0 |
| Hire Purchase and Lease Commitments | -2,943,000 | -754,000 | 3,736,000 | 0 |
| other long term liabilities | 0 | -13,706,000 | 13,228,000 | 478,000 |
| share issue | ||||
| interest | -96,000 | -111,000 | -100,000 | -1,000 |
| cash flow from financing | -3,039,000 | -20,419,000 | 22,867,000 | 477,000 |
| cash and cash equivalents | ||||
| cash | 32,066,000 | 583,000 | 1,391,000 | 1,749,000 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 32,066,000 | 583,000 | 1,391,000 | 1,749,000 |
birmingham organising committee for the 2022 commonwealth games ltd Credit Report and Business Information
Birmingham Organising Committee For The 2022 Commonwealth Games Ltd Competitor Analysis
Perform a competitor analysis for birmingham organising committee for the 2022 commonwealth games ltd by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other mega companies, companies in B 3 area or any other competitors across 12 key performance metrics.
birmingham organising committee for the 2022 commonwealth games ltd Ownership
BIRMINGHAM ORGANISING COMMITTEE FOR THE 2022 COMMONWEALTH GAMES LTD group structure
Birmingham Organising Committee For The 2022 Commonwealth Games Ltd has no subsidiary companies.
Ultimate parent company
BIRMINGHAM ORGANISING COMMITTEE FOR THE 2022 COMMONWEALTH GAMES LTD
11120160
birmingham organising committee for the 2022 commonwealth games ltd directors
Birmingham Organising Committee For The 2022 Commonwealth Games Ltd currently has 2 directors. The longest serving directors include Miss Eleanor Simmonds (Jan 2019) and Mr Hiren Dhimar (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Eleanor Simmonds | England | 30 years | Jan 2019 | - | Director |
| Mr Hiren Dhimar | 39 years | Oct 2020 | - | Director |
P&L
September 2022turnover
579.7m
+1129%
operating profit
-59k
-153%
gross margin
64.3%
+2.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
0
-1%
total assets
111.8m
+2.36%
cash
35.8m
+8.61%
net assets
Total assets minus all liabilities
birmingham organising committee for the 2022 commonwealth games ltd company details
company number
11120160
Type
Private Ltd By Guarantee w/o Share Cap
industry
93110 - Operation of sports facilities
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2022
previous names
N/A
accountant
-
auditor
COMPTROLLER AND AUDIT GENERAL
address
pricewaterhousecoopers llp, one chamberlain square, birmingham, B3 3AX
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
birmingham organising committee for the 2022 commonwealth games 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 birmingham organising committee for the 2022 commonwealth games ltd.
birmingham organising committee for the 2022 commonwealth games ltd 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.
Click to start generating capital raising & share issue transactions for BIRMINGHAM ORGANISING COMMITTEE FOR THE 2022 COMMONWEALTH GAMES LTD. This can take several minutes, an email will notify you when this has completed.
birmingham organising committee for the 2022 commonwealth games ltd Companies House Filings - See Documents
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