essar midlands limited Company Information
Company Number
11253987
Next Accounts
Dec 2025
Shareholders
essar oil (uk) limited
Group Structure
View All
Industry
Mineral oil refining
+1Registered Address
5th floor, the administration building, ellesmere port, cheshire, CH65 4HB
Website
www.essaroil.co.ukessar midlands limited Estimated Valuation
Pomanda estimates the enterprise value of ESSAR MIDLANDS LIMITED at £1.2b based on a Turnover of £1.5b and 0.78x industry multiple (adjusted for size and gross margin).
essar midlands limited Estimated Valuation
Pomanda estimates the enterprise value of ESSAR MIDLANDS LIMITED at £16.7m based on an EBITDA of £4.9m and a 3.39x industry multiple (adjusted for size and gross margin).
essar midlands limited Estimated Valuation
Pomanda estimates the enterprise value of ESSAR MIDLANDS LIMITED at £11.7m based on Net Assets of £5.5m and 2.14x industry multiple (adjusted for liquidity).
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Essar Midlands Limited Overview
Essar Midlands Limited is a live company located in ellesmere port, CH65 4HB with a Companies House number of 11253987. It operates in the mineral oil refining sector, SIC Code 19201. Founded in March 2018, it's largest shareholder is essar oil (uk) limited with a 100% stake. Essar Midlands Limited is a young, mega sized company, Pomanda has estimated its turnover at £1.5b with declining growth in recent years.
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Essar Midlands Limited Health Check
Pomanda's financial health check has awarded Essar Midlands Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
![Health Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
4 Strong
![positive_score](/assets/images/scoreRate1.png)
0 Regular
![positive_score](/assets/images/scoreRate0.png)
7 Weak
![size](/assets/images/scoreRate2.png)
Size
annual sales of £1.5b, make it larger than the average company (£188.5m)
£1.5b - Essar Midlands Limited
£188.5m - Industry AVG
![growth](/assets/images/scoreRate0.png)
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (11.5%)
-4% - Essar Midlands Limited
11.5% - Industry AVG
![production](/assets/images/scoreRate0.png)
Production
with a gross margin of 1.1%, this company has a higher cost of product (38%)
1.1% - Essar Midlands Limited
38% - Industry AVG
![profitability](/assets/images/scoreRate0.png)
Profitability
an operating margin of 0.3% make it less profitable than the average company (14.8%)
0.3% - Essar Midlands Limited
14.8% - Industry AVG
![employees](/assets/images/scoreRate2.png)
Employees
with 2238 employees, this is above the industry average (148)
- Essar Midlands Limited
148 - Industry AVG
![paystructure](/assets/images/scoreRate-1.png)
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Essar Midlands Limited
- - Industry AVG
![efficiency](/assets/images/scoreRate0.png)
Efficiency
resulting in sales per employee of £683k, this is less efficient (£2.2m)
- Essar Midlands Limited
£2.2m - Industry AVG
![debtordays](/assets/images/scoreRate2.png)
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (29 days)
0 days - Essar Midlands Limited
29 days - Industry AVG
![creditordays](/assets/images/scoreRate0.png)
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (34 days)
3 days - Essar Midlands Limited
34 days - Industry AVG
![stockdays](/assets/images/scoreRate2.png)
Stock Days
it holds stock equivalent to 3 days, this is less than average (27 days)
3 days - Essar Midlands Limited
27 days - Industry AVG
![cashbalance](/assets/images/scoreRate0.png)
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (3 weeks)
0 weeks - Essar Midlands Limited
3 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate0.png)
Debt Level
it has a ratio of liabilities to total assets of 89.7%, this is a higher level of debt than the average (68.3%)
89.7% - Essar Midlands Limited
68.3% - Industry AVG
ESSAR MIDLANDS LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
Essar Midlands Limited's latest turnover from March 2024 is £1.5 billion and the company has net assets of £5.5 million. According to their latest financial statements, we estimate that Essar Midlands Limited has 2,238 employees and maintains cash reserves of £227.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2024 | Mar 2023 | Mar 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
---|---|---|---|---|---|---|---|
Turnover | 1,528,574,673 | 1,793,656,801 | 831,764,518 | 1,731,786,158 | 1,045,943,082 | 781,765,973 | |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |
Cost Of Sales | 1,512,224,661 | 1,773,824,843 | 824,026,803 | 1,719,436,386 | 1,036,709,052 | 774,587,222 | |
Gross Profit | 16,350,011 | 19,831,958 | 7,737,715 | 12,349,772 | 9,234,030 | 7,178,751 | |
Admin Expenses | 12,413,897 | 16,198,622 | 10,130,823 | 12,349,772 | 7,266,122 | 1,292,175 | |
Operating Profit | 3,936,114 | 3,633,336 | -2,393,108 | 0 | 1,967,908 | 5,886,576 | |
Interest Payable | 3,027,780 | 2,346,529 | 877,473 | 1,989,225 | 2,270,663 | 1,292,175 | |
Interest Receivable | 75,694 | 0 | 0 | 0 | 0 | 0 | |
Pre-Tax Profit | 984,028 | 1,286,806 | -3,270,581 | -1,989,225 | -302,755 | 4,594,401 | |
Tax | -302,778 | -151,389 | 478,622 | -663,075 | -151,378 | 143,575 | |
Profit After Tax | 681,250 | 1,135,417 | -2,791,959 | -2,652,300 | -454,133 | 4,737,976 | |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |
Retained Profit | 681,250 | 1,135,417 | -2,791,959 | -2,652,300 | -454,133 | 4,737,976 | |
Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | |
Number Of Employees | |||||||
EBITDA* | 4,920,142 | 4,693,059 | -1,834,716 | 994,613 | 2,800,484 | 6,317,301 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024 | Mar 2023 | Mar 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
---|---|---|---|---|---|---|---|
Tangible Assets | 24,297,934 | 23,919,461 | 25,047,862 | 25,859,925 | 22,782,319 | 22,182,340 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 1,148,600 | 0 |
Total Fixed Assets | 24,297,933 | 23,919,461 | 25,047,862 | 25,859,925 | 22,782,319 | 22,182,340 | 0 |
Stock & work in progress | 14,760,426 | 9,840,284 | 15,634,971 | 14,256,112 | 10,899,182 | 2,512,562 | 0 |
Trade Debtors | 1,211,112 | 2,876,391 | 7,737,715 | 15,913,800 | 2,724,796 | 6,676,238 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 1,740,973 | 2,195,140 | 638,162 | 248,653 | 908,265 | 3,302,225 | 0 |
Cash | 227,083 | 227,083 | 7,259,093 | 8,702,859 | 454,132 | 358,937 | 0 |
misc current assets | 10,672,924 | 10,445,841 | 11,805,999 | 12,515,541 | 1,211,020 | 0 | 0 |
total current assets | 28,612,520 | 25,584,740 | 43,075,941 | 51,636,966 | 16,197,396 | 12,993,539 | 0 |
total assets | 52,910,453 | 49,504,201 | 68,123,803 | 77,496,891 | 38,979,715 | 35,175,879 | 0 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 13,397,926 | 3,027,780 | 1,834,716 | 10,774,969 | 2,876,173 | 4,307,251 | 0 |
Group/Directors Accounts | 1 | 0 | 0 | 1 | 0 | 1,507,538 | 0 |
other short term finances | 1,665,278 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 16,501,399 | 24,827,794 | 43,873,643 | 40,116,037 | 10,445,049 | 7,106,962 | 0 |
total current liabilities | 31,564,605 | 27,855,575 | 45,708,360 | 50,891,007 | 13,321,223 | 12,921,752 | 0 |
loans | 14,609,037 | 15,895,844 | 17,868,538 | 18,980,522 | 16,651,528 | 13,567,839 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 2,573,612 | 1,968,056 | 1,435,864 | 1,491,918 | 605,510 | 0 | 0 |
total long term liabilities | 15,895,844 | 16,879,872 | 18,586,470 | 19,726,481 | 16,954,283 | 13,567,839 | 0 |
total liabilities | 47,460,449 | 44,735,447 | 64,294,830 | 70,617,488 | 30,275,506 | 26,489,591 | 0 |
net assets | 5,450,004 | 4,768,754 | 3,828,973 | 6,879,403 | 8,704,209 | 8,686,289 | 0 |
total shareholders funds | 5,450,004 | 4,768,753 | 3,828,973 | 6,879,403 | 8,704,208 | 8,686,289 | 0 |
Mar 2024 | Mar 2023 | Mar 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Operating Profit | 3,936,114 | 3,633,336 | -2,393,108 | 0 | 1,967,908 | 5,886,576 | |
Depreciation | 984,028 | 1,059,723 | 558,392 | 994,613 | 832,576 | 430,725 | |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | -302,778 | -151,389 | 478,622 | -663,075 | -151,378 | 143,575 | |
Stock | 4,920,142 | -5,794,687 | 1,378,859 | 3,356,930 | 8,386,620 | 2,512,562 | 0 |
Debtors | -2,119,446 | -3,304,346 | -7,786,576 | 12,529,393 | -7,494,003 | 11,127,063 | 0 |
Creditors | 10,370,146 | 1,193,064 | -8,940,253 | 7,898,796 | -1,431,077 | 4,307,251 | 0 |
Accruals and Deferred Income | -8,326,395 | -19,045,849 | 3,757,606 | 29,670,988 | 3,338,087 | 7,106,962 | 0 |
Deferred Taxes & Provisions | 605,556 | 532,192 | -56,054 | 886,408 | 605,510 | 0 | 0 |
Cash flow from operations | 4,465,975 | -3,679,890 | -187,078 | 22,901,407 | 4,269,009 | 4,235,464 | |
Investing Activities | |||||||
capital expenditure | |||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||
Financing Activities | |||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 1 | 0 | -1 | 1 | -1,507,538 | 1,507,538 | 0 |
Other Short Term Loans | 1,665,278 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -1,286,807 | -1,972,694 | -1,111,984 | 2,328,994 | 3,083,689 | 13,567,839 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||
interest | -2,952,086 | -2,346,529 | -877,473 | -1,989,225 | -2,270,663 | -1,292,175 | |
cash flow from financing | -2,573,614 | -4,514,859 | -2,247,930 | 1,167,265 | -222,459 | 17,731,515 | |
cash and cash equivalents | |||||||
cash | 0 | -7,032,010 | -1,443,766 | 8,248,727 | 95,195 | 358,937 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | -7,032,010 | -1,443,766 | 8,248,727 | 95,195 | 358,937 | 0 |
essar midlands limited Credit Report and Business Information
Essar Midlands Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for essar midlands limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in CH65 area or any other competitors across 12 key performance metrics.
essar midlands limited Ownership
ESSAR MIDLANDS LIMITED group structure
Essar Midlands Limited has 1 subsidiary company.
Ultimate parent company
ESSAR GLOBAL FUND LTD
#0000348
2 parents
ESSAR MIDLANDS LIMITED
11253987
1 subsidiary
essar midlands limited directors
Essar Midlands Limited currently has 3 directors. The longest serving directors include Mr Andrew Wright (Jul 2021) and Mr Deepak Maheshwari (Sep 2021).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Andrew Wright | 50 years | Jul 2021 | - | Director | |
Mr Deepak Maheshwari | United Kingdom | 55 years | Sep 2021 | - | Director |
Mr Satish Vasooja | United Kingdom | 50 years | Feb 2022 | - | Director |
P&L
March 2024turnover
1.5b
-15%
operating profit
3.9m
+8%
gross margin
1.1%
-3.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
5.5m
+0.14%
total assets
52.9m
+0.07%
cash
227.1k
0%
net assets
Total assets minus all liabilities
essar midlands limited company details
company number
11253987
Type
Private limited with Share Capital
industry
19201 - Mineral oil refining
49500 - Transport via pipeline
incorporation date
March 2018
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
samwise limited (March 2018)
accountant
-
auditor
PKF LITTLEJOHN LLP
address
5th floor, the administration building, ellesmere port, cheshire, CH65 4HB
Bank
MACQUARIE BANK LIMITED
Legal Advisor
-
essar midlands 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 2 charges/mortgages relating to essar midlands limited. Currently there are 2 open charges and 0 have been satisfied in the past.
essar midlands 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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essar midlands limited Companies House Filings - See Documents
date | description | view/download |
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