essar midlands limited

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essar midlands limited Company Information

Share ESSAR MIDLANDS LIMITED

Company Number

11253987

Shareholders

essar oil (uk) limited

Group Structure

View All

Industry

Mineral oil refining

 +1

Registered Address

5th floor, the administration building, ellesmere port, cheshire, CH65 4HB

essar midlands limited Estimated Valuation

£1.2b

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

£16.7m

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

£11.7m

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
Health Rating2out of 5
positive_score

4 Strong

positive_score

0 Regular

positive_score

7 Weak

size

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

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

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

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

Employees

with 2238 employees, this is above the industry average (148)

2238 - Essar Midlands Limited

148 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Essar Midlands Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £683k, this is less efficient (£2.2m)

£683k - Essar Midlands Limited

£2.2m - Industry AVG

debtordays

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

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

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

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

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

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Sep 2021Sep 2020Sep 2019Sep 2018
Turnover1,528,574,6731,793,656,801831,764,5181,731,786,1581,045,943,082781,765,9730
Other Income Or Grants0000000
Cost Of Sales1,512,224,6611,773,824,843824,026,8031,719,436,3861,036,709,052774,587,2220
Gross Profit16,350,01119,831,9587,737,71512,349,7729,234,0307,178,7510
Admin Expenses12,413,89716,198,62210,130,82312,349,7727,266,1221,292,1750
Operating Profit3,936,1143,633,336-2,393,10801,967,9085,886,5760
Interest Payable3,027,7802,346,529877,4731,989,2252,270,6631,292,1750
Interest Receivable75,694000000
Pre-Tax Profit984,0281,286,806-3,270,581-1,989,225-302,7554,594,4010
Tax-302,778-151,389478,622-663,075-151,378143,5750
Profit After Tax681,2501,135,417-2,791,959-2,652,300-454,1334,737,9760
Dividends Paid0000000
Retained Profit681,2501,135,417-2,791,959-2,652,300-454,1334,737,9760
Employee Costs0000000
Number Of Employees2,2382,8231,4223,0701,5071,1080
EBITDA*4,920,1424,693,059-1,834,716994,6132,800,4846,317,3010

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Sep 2021Sep 2020Sep 2019Sep 2018
Tangible Assets24,297,93423,919,46125,047,86225,859,92522,782,31922,182,3400
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)000001,148,6000
Total Fixed Assets24,297,93323,919,46125,047,86225,859,92522,782,31922,182,3400
Stock & work in progress14,760,4269,840,28415,634,97114,256,11210,899,1822,512,5620
Trade Debtors1,211,1122,876,3917,737,71515,913,8002,724,7966,676,2380
Group Debtors0000000
Misc Debtors1,740,9732,195,140638,162248,653908,2653,302,2250
Cash227,083227,0837,259,0938,702,859454,132358,9370
misc current assets10,672,92410,445,84111,805,99912,515,5411,211,02000
total current assets28,612,52025,584,74043,075,94151,636,96616,197,39612,993,5390
total assets52,910,45349,504,20168,123,80377,496,89138,979,71535,175,8790
Bank overdraft0000000
Bank loan0000000
Trade Creditors 13,397,9263,027,7801,834,71610,774,9692,876,1734,307,2510
Group/Directors Accounts100101,507,5380
other short term finances1,665,278000000
hp & lease commitments0000000
other current liabilities16,501,39924,827,79443,873,64340,116,03710,445,0497,106,9620
total current liabilities31,564,60527,855,57545,708,36050,891,00713,321,22312,921,7520
loans14,609,03715,895,84417,868,53818,980,52216,651,52813,567,8390
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities0000000
provisions2,573,6121,968,0561,435,8641,491,918605,51000
total long term liabilities15,895,84416,879,87218,586,47019,726,48116,954,28313,567,8390
total liabilities47,460,44944,735,44764,294,83070,617,48830,275,50626,489,5910
net assets5,450,0044,768,7543,828,9736,879,4038,704,2098,686,2890
total shareholders funds5,450,0044,768,7533,828,9736,879,4038,704,2088,686,2890
Mar 2024Mar 2023Mar 2022Sep 2021Sep 2020Sep 2019Sep 2018
Operating Activities
Operating Profit3,936,1143,633,336-2,393,10801,967,9085,886,5760
Depreciation984,0281,059,723558,392994,613832,576430,7250
Amortisation0000000
Tax-302,778-151,389478,622-663,075-151,378143,5750
Stock4,920,142-5,794,6871,378,8593,356,9308,386,6202,512,5620
Debtors-2,119,446-3,304,346-7,786,57612,529,393-7,494,00311,127,0630
Creditors10,370,1461,193,064-8,940,2537,898,796-1,431,0774,307,2510
Accruals and Deferred Income-8,326,395-19,045,8493,757,60629,670,9883,338,0877,106,9620
Deferred Taxes & Provisions605,556532,192-56,054886,408605,51000
Cash flow from operations4,465,975-3,679,890-187,07822,901,4074,269,0094,235,4640
Investing Activities
capital expenditure-1,362,50168,678253,671-4,072,219-1,432,555-22,613,0650
Change in Investments0000000
cash flow from investments-1,362,50168,678253,671-4,072,219-1,432,555-22,613,0650
Financing Activities
Bank loans0000000
Group/Directors Accounts10-11-1,507,5381,507,5380
Other Short Term Loans 1,665,278000000
Long term loans-1,286,807-1,972,694-1,111,9842,328,9943,083,68913,567,8390
Hire Purchase and Lease Commitments0000000
other long term liabilities0000000
share issue0-195,636-258,472827,495472,0533,948,3130
interest-2,952,086-2,346,529-877,473-1,989,225-2,270,663-1,292,1750
cash flow from financing-2,573,614-4,514,859-2,247,9301,167,265-222,45917,731,5150
cash and cash equivalents
cash0-7,032,010-1,443,7668,248,72795,195358,9370
overdraft0000000
change in cash0-7,032,010-1,443,7668,248,72795,195358,9370

essar midlands 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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Essar Midlands Limited Competitor Analysis

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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 Shareholders

essar oil (uk) limited 100%

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).

officercountryagestartendrole
Mr Andrew Wright50 years Jul 2021- Director
Mr Deepak MaheshwariUnited Kingdom55 years Sep 2021- Director
Mr Satish VasoojaUnited Kingdom50 years Feb 2022- Director

P&L

March 2024

turnover

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 2024

net 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

ESSAR GLOBAL FUND LTD

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

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