minerva equity limited
minerva equity limited Company Information
Company Number
11279452
Next Accounts
Dec 2025
Shareholders
midas bidco i limited
Group Structure
View All
Industry
Non-trading company
Registered Address
abel smith house, gunnels wood road, stevenage, hertfordshire, SG1 2ST
Website
minervaequity.comminerva equity limited Estimated Valuation
Pomanda estimates the enterprise value of MINERVA EQUITY LIMITED at £1.7b based on a Turnover of £2.2b and 0.78x industry multiple (adjusted for size and gross margin).
minerva equity limited Estimated Valuation
Pomanda estimates the enterprise value of MINERVA EQUITY LIMITED at £595.2m based on an EBITDA of £96.8m and a 6.15x industry multiple (adjusted for size and gross margin).
minerva equity limited Estimated Valuation
Pomanda estimates the enterprise value of MINERVA EQUITY LIMITED at £0 based on Net Assets of £-330.4m and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Minerva Equity Limited Overview
Minerva Equity Limited is a live company located in stevenage, SG1 2ST with a Companies House number of 11279452. It operates in the non-trading company sector, SIC Code 74990. Founded in March 2018, it's largest shareholder is midas bidco i limited with a 100% stake. Minerva Equity Limited is a young, mega sized company, Pomanda has estimated its turnover at £2.2b with high growth in recent years.
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Minerva Equity Limited Health Check
Pomanda's financial health check has awarded Minerva Equity Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
7 Weak
Size
annual sales of £2.2b, make it larger than the average company (£2.5m)
£2.2b - Minerva Equity Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (6.7%)
20% - Minerva Equity Limited
6.7% - Industry AVG
Production
with a gross margin of 9.7%, this company has a higher cost of product (34.6%)
9.7% - Minerva Equity Limited
34.6% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (5.2%)
0.6% - Minerva Equity Limited
5.2% - Industry AVG
Employees
with 11281 employees, this is above the industry average (33)
11281 - Minerva Equity Limited
33 - Industry AVG
Pay Structure
on an average salary of £54.6k, the company has a higher pay structure (£39.7k)
£54.6k - Minerva Equity Limited
£39.7k - Industry AVG
Efficiency
resulting in sales per employee of £194.7k, this is more efficient (£138.5k)
£194.7k - Minerva Equity Limited
£138.5k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (36 days)
58 days - Minerva Equity Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (39 days)
18 days - Minerva Equity Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (43 days)
2 days - Minerva Equity Limited
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (48 weeks)
10 weeks - Minerva Equity Limited
48 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 129.8%, this is a higher level of debt than the average (38.7%)
129.8% - Minerva Equity Limited
38.7% - Industry AVG
MINERVA EQUITY LIMITED financials
Minerva Equity Limited's latest turnover from March 2024 is £2.2 billion and the company has net assets of -£330.4 million. According to their latest financial statements, Minerva Equity Limited has 11,281 employees and maintains cash reserves of £104.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Turnover | 2,196,000,000 | 1,864,600,000 | 1,545,300,000 | 1,260,500,000 | 1,301,300,000 | 805,300,000 |
| Other Income Or Grants | ||||||
| Cost Of Sales | 1,983,300,000 | 1,664,500,000 | 1,379,300,000 | 1,178,400,000 | 1,182,800,000 | 730,600,000 |
| Gross Profit | 212,700,000 | 200,100,000 | 166,000,000 | 82,100,000 | 118,500,000 | 74,700,000 |
| Admin Expenses | 200,000,000 | 209,600,000 | 144,700,000 | 94,300,000 | 106,100,000 | 62,100,000 |
| Operating Profit | 12,700,000 | -9,500,000 | 21,300,000 | -12,200,000 | 12,400,000 | 12,600,000 |
| Interest Payable | 95,600,000 | 69,800,000 | 51,700,000 | 48,900,000 | 49,700,000 | 31,200,000 |
| Interest Receivable | 2,600,000 | 100,000 | 100,000 | |||
| Pre-Tax Profit | -80,300,000 | -79,300,000 | -30,400,000 | -61,000,000 | -37,200,000 | -18,600,000 |
| Tax | -1,000,000 | -200,000 | -19,400,000 | 3,300,000 | -5,900,000 | -900,000 |
| Profit After Tax | -81,300,000 | -79,500,000 | -49,800,000 | -57,700,000 | -43,100,000 | -19,500,000 |
| Dividends Paid | ||||||
| Retained Profit | -81,300,000 | -79,500,000 | -49,800,000 | -57,700,000 | -43,100,000 | -19,500,000 |
| Employee Costs | 615,500,000 | 558,300,000 | 452,900,000 | 365,400,000 | 351,800,000 | 209,100,000 |
| Number Of Employees | 11,281 | 10,819 | 9,517 | 8,564 | 8,991 | 7,987 |
| EBITDA* | 96,800,000 | 67,800,000 | 92,300,000 | 49,700,000 | 68,900,000 | 44,600,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 42,500,000 | 53,600,000 | 50,100,000 | 38,300,000 | 42,600,000 | 43,600,000 |
| Intangible Assets | 505,100,000 | 503,800,000 | 556,800,000 | 471,900,000 | 510,200,000 | 521,800,000 |
| Investments & Other | 19,900,000 | 3,800,000 | 6,200,000 | |||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 567,500,000 | 561,200,000 | 613,100,000 | 510,200,000 | 552,800,000 | 565,400,000 |
| Stock & work in progress | 13,500,000 | 12,500,000 | 9,300,000 | 2,300,000 | 2,400,000 | 2,600,000 |
| Trade Debtors | 349,600,000 | 315,600,000 | 262,600,000 | 222,300,000 | 212,800,000 | 198,100,000 |
| Group Debtors | 3,200,000 | 3,000,000 | ||||
| Misc Debtors | 63,300,000 | 43,700,000 | 61,300,000 | 41,700,000 | 35,600,000 | 24,300,000 |
| Cash | 104,800,000 | 211,400,000 | 186,400,000 | 131,000,000 | 125,500,000 | 56,300,000 |
| misc current assets | 3,600,000 | 2,600,000 | 2,600,000 | |||
| total current assets | 534,800,000 | 585,800,000 | 522,200,000 | 400,500,000 | 376,300,000 | 284,300,000 |
| total assets | 1,102,300,000 | 1,147,000,000 | 1,135,300,000 | 910,700,000 | 929,100,000 | 849,700,000 |
| Bank overdraft | 100,000,000 | 85,700,000 | 65,000,000 | 30,000,000 | ||
| Bank loan | ||||||
| Trade Creditors | 102,700,000 | 95,000,000 | 92,200,000 | 118,700,000 | 80,000,000 | 77,500,000 |
| Group/Directors Accounts | 5,300,000 | 3,500,000 | 3,100,000 | 18,100,000 | 7,800,000 | 7,000,000 |
| other short term finances | 19,500,000 | |||||
| hp & lease commitments | 2,600,000 | 2,200,000 | 3,900,000 | 3,400,000 | 4,200,000 | |
| other current liabilities | 420,200,000 | 320,900,000 | 293,700,000 | 204,000,000 | 182,100,000 | 155,200,000 |
| total current liabilities | 530,800,000 | 521,600,000 | 478,600,000 | 360,300,000 | 338,300,000 | 273,900,000 |
| loans | 765,500,000 | 732,900,000 | 705,900,000 | 580,500,000 | 580,000,000 | 495,900,000 |
| hp & lease commitments | 9,300,000 | 9,800,000 | 5,300,000 | 9,300,000 | 14,300,000 | |
| Accruals and Deferred Income | 4,300,000 | 5,100,000 | 3,700,000 | 1,400,000 | ||
| other liabilities | 34,700,000 | 47,100,000 | 43,300,000 | 2,400,000 | ||
| provisions | 85,800,000 | 78,200,000 | 66,900,000 | 56,400,000 | 62,800,000 | 60,900,000 |
| total long term liabilities | 899,600,000 | 873,100,000 | 825,100,000 | 639,800,000 | 653,200,000 | 574,300,000 |
| total liabilities | 1,430,400,000 | 1,394,700,000 | 1,303,700,000 | 1,000,100,000 | 991,500,000 | 848,200,000 |
| net assets | -330,400,000 | -247,700,000 | -168,400,000 | -89,400,000 | -62,400,000 | 1,500,000 |
| total shareholders funds | -330,400,000 | -247,700,000 | -168,400,000 | -89,400,000 | -62,400,000 | 1,500,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 12,700,000 | -9,500,000 | 21,300,000 | -12,200,000 | 12,400,000 | 12,600,000 |
| Depreciation | 20,500,000 | 12,200,000 | 13,100,000 | 11,100,000 | 10,400,000 | 4,200,000 |
| Amortisation | 63,600,000 | 65,100,000 | 57,900,000 | 50,800,000 | 46,100,000 | 27,800,000 |
| Tax | -1,000,000 | -200,000 | -19,400,000 | 3,300,000 | -5,900,000 | -900,000 |
| Stock | 1,000,000 | 3,200,000 | 7,000,000 | -100,000 | -200,000 | 2,600,000 |
| Debtors | 53,600,000 | 35,400,000 | 56,700,000 | 18,800,000 | 23,000,000 | 225,400,000 |
| Creditors | 7,700,000 | 2,800,000 | -26,500,000 | 38,700,000 | 2,500,000 | 77,500,000 |
| Accruals and Deferred Income | 98,500,000 | 28,600,000 | 93,400,000 | 21,900,000 | 25,500,000 | 156,600,000 |
| Deferred Taxes & Provisions | 7,600,000 | 11,300,000 | 10,500,000 | -6,400,000 | 1,900,000 | 60,900,000 |
| Cash flow from operations | 155,000,000 | 71,700,000 | 86,600,000 | 88,500,000 | 70,100,000 | 110,700,000 |
| Investing Activities | ||||||
| capital expenditure | -144,600,000 | |||||
| Change in Investments | 16,100,000 | -2,400,000 | 6,200,000 | |||
| cash flow from investments | -16,100,000 | 2,400,000 | -6,200,000 | -144,600,000 | ||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | 1,800,000 | 400,000 | -15,000,000 | 10,300,000 | 800,000 | 7,000,000 |
| Other Short Term Loans | -19,500,000 | 19,500,000 | ||||
| Long term loans | 32,600,000 | 27,000,000 | 125,400,000 | 500,000 | 84,100,000 | 495,900,000 |
| Hire Purchase and Lease Commitments | -100,000 | 2,800,000 | 9,200,000 | -12,700,000 | -5,800,000 | 18,500,000 |
| other long term liabilities | -12,400,000 | 3,800,000 | 40,900,000 | 2,400,000 | ||
| share issue | ||||||
| interest | -93,000,000 | -69,800,000 | -51,700,000 | -48,800,000 | -49,600,000 | -31,200,000 |
| cash flow from financing | -72,500,000 | -35,600,000 | 60,100,000 | 1,900,000 | 8,700,000 | 511,200,000 |
| cash and cash equivalents | ||||||
| cash | -106,600,000 | 25,000,000 | 55,400,000 | 5,500,000 | 69,200,000 | 56,300,000 |
| overdraft | -100,000,000 | 14,300,000 | 85,700,000 | -65,000,000 | 35,000,000 | 30,000,000 |
| change in cash | -6,600,000 | 10,700,000 | -30,300,000 | 70,500,000 | 34,200,000 | 26,300,000 |
minerva equity limited Credit Report and Business Information
Minerva Equity Limited Competitor Analysis
Perform a competitor analysis for minerva equity limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in SG1 area or any other competitors across 12 key performance metrics.
minerva equity limited Ownership
MINERVA EQUITY LIMITED group structure
Minerva Equity Limited has 1 subsidiary company.
Ultimate parent company
1 parent
MINERVA EQUITY LIMITED
11279452
1 subsidiary
minerva equity limited directors
Minerva Equity Limited currently has 4 directors. The longest serving directors include Mr Eric Ellul (Feb 2020) and Mr Andrew Findlay (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eric Ellul | United Kingdom | 65 years | Feb 2020 | - | Director |
| Mr Andrew Findlay | United Kingdom | 55 years | Aug 2021 | - | Director |
| Mr Andrew Findlay | United Kingdom | 55 years | Aug 2021 | - | Director |
| Mr Christian Keen | 61 years | Jan 2023 | - | Director |
P&L
March 2024turnover
2.2b
+18%
operating profit
12.7m
-234%
gross margin
9.7%
-9.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-330.4m
+0.33%
total assets
1.1b
-0.04%
cash
104.8m
-0.5%
net assets
Total assets minus all liabilities
minerva equity limited company details
company number
11279452
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
March 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
dmwsl 881 limited (May 2018)
accountant
-
auditor
DELOITTE LLP
address
abel smith house, gunnels wood road, stevenage, hertfordshire, SG1 2ST
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
minerva equity 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 did not find charges/mortgages relating to minerva equity limited.
minerva equity 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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minerva equity limited Companies House Filings - See Documents
| date | description | view/download |
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