book retail midco limited
book retail midco limited Company Information
Company Number
11309674
Website
https://www.foyles.co.uk/Registered Address
203-206 piccadilly, london, W1J 9HD
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
book retail holdco limited 100%
book retail midco limited Estimated Valuation
The estimated valuation range for book retail midco limited, derived from financial data as of April 2023 and the most recent industry multiples, is between £239.7m to £873.2m
book retail midco limited Estimated Valuation
The estimated valuation range for book retail midco limited, derived from financial data as of April 2023 and the most recent industry multiples, is between £239.7m to £873.2m
book retail midco limited Estimated Valuation
The estimated valuation range for book retail midco limited, derived from financial data as of April 2023 and the most recent industry multiples, is between £239.7m to £873.2m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Book Retail Midco Limited Overview
Book Retail Midco Limited is a live company located in london, W1J 9HD with a Companies House number of 11309674. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in April 2018, it's largest shareholder is book retail holdco limited with a 100% stake. Book Retail Midco Limited is a young, mega sized company, Pomanda has estimated its turnover at £499.6m with healthy growth in recent years.
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Book Retail Midco Limited Health Check
Pomanda's financial health check has awarded Book Retail Midco Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £499.6m, make it larger than the average company (£19.1m)
£499.6m - Book Retail Midco Limited
£19.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.8%)
7% - Book Retail Midco Limited
7.8% - Industry AVG
Production
with a gross margin of 8.5%, this company has a higher cost of product (34.8%)
8.5% - Book Retail Midco Limited
34.8% - Industry AVG
Profitability
an operating margin of 2.5% make it less profitable than the average company (4.7%)
2.5% - Book Retail Midco Limited
4.7% - Industry AVG
Employees
with 3515 employees, this is above the industry average (106)
3515 - Book Retail Midco Limited
106 - Industry AVG
Pay Structure
on an average salary of £25.1k, the company has a lower pay structure (£42.5k)
£25.1k - Book Retail Midco Limited
£42.5k - Industry AVG
Efficiency
resulting in sales per employee of £142.1k, this is less efficient (£184.9k)
£142.1k - Book Retail Midco Limited
£184.9k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (46 days)
1 days - Book Retail Midco Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (45 days)
27 days - Book Retail Midco Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 72 days, this is more than average (39 days)
72 days - Book Retail Midco Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (15 weeks)
14 weeks - Book Retail Midco Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.6%, this is a similar level of debt than the average (69.3%)
71.6% - Book Retail Midco Limited
69.3% - Industry AVG
book retail midco limited Credit Report and Business Information
Book Retail Midco Limited Competitor Analysis
Perform a competitor analysis for book retail midco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
book retail midco limited Ownership
BOOK RETAIL MIDCO LIMITED group structure
Book Retail Midco Limited has 1 subsidiary company.
Ultimate parent company
BOOK RETAIL INVESTCO LTD
#0113006
BOOK RETAIL HOLDCO LTD
#0113004
2 parents
BOOK RETAIL MIDCO LIMITED
11309674
1 subsidiary
book retail midco limited directors
Book Retail Midco Limited currently has 4 directors. The longest serving directors include Mr Paul Best (Apr 2018) and Mr Edouard Larnaudie De Ferrand (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Best | United Kingdom | 45 years | Apr 2018 | - | Director |
| Mr Edouard Larnaudie De Ferrand | United Kingdom | 35 years | May 2018 | - | Director |
| Mr Aleksis Razmuss | United Kingdom | 37 years | May 2018 | - | Director |
| Mr Achilles Daunt | England | 60 years | Sep 2018 | - | Director |
BOOK RETAIL MIDCO LIMITED financials
Book Retail Midco Limited's latest turnover from April 2023 is £499.6 million and the company has net assets of £139.4 million. According to their latest financial statements, Book Retail Midco Limited has 3,515 employees and maintains cash reserves of £39.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Turnover | 499,593,000 | 452,937,000 | 247,680,000 | 413,074,000 | 395,659,000 |
| Other Income Or Grants | 0 | 0 | 0 | -9,091,000 | 0 |
| Cost Of Sales | 456,994,000 | 371,295,000 | 219,454,000 | 359,752,000 | 350,108,000 |
| Gross Profit | 42,599,000 | 81,642,000 | 28,226,000 | 44,231,000 | 45,551,000 |
| Admin Expenses | 30,360,000 | 27,290,000 | 21,220,000 | 22,732,000 | 21,635,000 |
| Operating Profit | 12,239,000 | 54,352,000 | 7,006,000 | 21,499,000 | 23,916,000 |
| Interest Payable | 16,280,000 | 21,251,000 | 21,706,000 | 24,620,000 | 16,213,000 |
| Interest Receivable | 255,000 | 32,000 | 22,000 | 177,000 | 243,000 |
| Pre-Tax Profit | -3,786,000 | 33,133,000 | -14,678,000 | -2,944,000 | 7,946,000 |
| Tax | 4,615,000 | -9,849,000 | 3,447,000 | -2,652,000 | -3,959,000 |
| Profit After Tax | 829,000 | 23,284,000 | -11,231,000 | -5,596,000 | 3,987,000 |
| Dividends Paid | 0 | 0 | 0 | 32,280,000 | 0 |
| Retained Profit | 829,000 | 23,284,000 | -11,231,000 | -37,876,000 | 3,987,000 |
| Employee Costs | 88,243,000 | 70,053,000 | 60,734,000 | 69,352,000 | 57,782,000 |
| Number Of Employees | 3,515 | 3,483 | 3,131 | 3,532 | 3,458 |
| EBITDA* | 61,560,000 | 102,502,000 | 22,602,000 | 21,499,000 | 39,860,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 169,804,000 | 172,481,000 | 183,017,000 | 220,573,000 | 45,109,000 |
| Intangible Assets | 161,377,000 | 167,062,000 | 163,090,000 | 168,360,000 | 173,595,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,809,000 | 3,230,000 | 74,000 | 139,000 | 1,557,000 |
| Total Fixed Assets | 330,623,000 | 339,543,000 | 346,033,000 | 388,933,000 | 218,704,000 |
| Stock & work in progress | 90,299,000 | 74,533,000 | 69,755,000 | 67,764,000 | 60,616,000 |
| Trade Debtors | 2,469,000 | 2,497,000 | 553,000 | 793,000 | 589,000 |
| Group Debtors | 122,000 | 157,000 | 200,000 | 157,000 | 0 |
| Misc Debtors | 28,803,000 | 27,482,000 | 19,422,000 | 15,715,000 | 34,619,000 |
| Cash | 39,172,000 | 69,042,000 | 45,981,000 | 45,149,000 | 22,036,000 |
| misc current assets | 156,000 | 147,000 | 301,000 | 149,000 | 148,000 |
| total current assets | 161,045,000 | 174,019,000 | 136,512,000 | 130,358,000 | 118,008,000 |
| total assets | 491,668,000 | 513,562,000 | 482,545,000 | 519,291,000 | 336,712,000 |
| Bank overdraft | 0 | 685,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 33,848,000 | 41,544,000 | 16,459,000 | 28,469,000 | 34,993,000 |
| Group/Directors Accounts | 583,000 | 2,840,000 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 194,631,000 | 2,179,000 | 0 |
| hp & lease commitments | 32,565,000 | 37,139,000 | 50,676,000 | 42,237,000 | 0 |
| other current liabilities | 68,802,000 | 67,117,000 | 41,778,000 | 36,040,000 | 65,368,000 |
| total current liabilities | 135,798,000 | 149,325,000 | 303,544,000 | 108,925,000 | 100,361,000 |
| loans | 264,858,000 | 278,026,000 | 298,726,000 | 730,458,000 | 135,750,000 |
| hp & lease commitments | 132,429,000 | 139,013,000 | 149,363,000 | 175,229,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 77,888,000 | 77,888,000 | 0 | 0 | 0 |
| provisions | 12,238,000 | 24,328,000 | 15,726,000 | 25,556,000 | 62,006,000 |
| total long term liabilities | 216,436,000 | 229,065,000 | 157,226,000 | 378,007,000 | 166,753,000 |
| total liabilities | 352,234,000 | 378,390,000 | 460,770,000 | 486,932,000 | 267,114,000 |
| net assets | 139,434,000 | 135,172,000 | 21,775,000 | 32,359,000 | 69,598,000 |
| total shareholders funds | 139,434,000 | 135,172,000 | 21,775,000 | 32,359,000 | 69,598,000 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 12,239,000 | 54,352,000 | 7,006,000 | 21,499,000 | 23,916,000 |
| Depreciation | 49,321,000 | 48,150,000 | 9,882,000 | 10,668,000 | |
| Amortisation | 0 | 0 | 5,714,000 | 5,276,000 | |
| Tax | 4,615,000 | -9,849,000 | 3,447,000 | -2,652,000 | -3,959,000 |
| Stock | 15,766,000 | 4,778,000 | 1,991,000 | 7,148,000 | 60,616,000 |
| Debtors | 837,000 | 13,117,000 | 3,445,000 | -19,961,000 | 36,765,000 |
| Creditors | -7,696,000 | 25,085,000 | -12,010,000 | -6,524,000 | 34,993,000 |
| Accruals and Deferred Income | 1,685,000 | 25,339,000 | 5,738,000 | -29,328,000 | 65,368,000 |
| Deferred Taxes & Provisions | -12,090,000 | 8,602,000 | -9,830,000 | -36,450,000 | 62,006,000 |
| Cash flow from operations | 31,471,000 | 133,784,000 | 4,511,000 | 100,887,000 | |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,257,000 | 2,840,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -194,631,000 | 192,452,000 | 2,179,000 | 0 |
| Long term loans | -13,168,000 | -20,700,000 | -431,732,000 | 594,708,000 | 135,750,000 |
| Hire Purchase and Lease Commitments | -11,158,000 | -23,887,000 | -17,427,000 | 217,466,000 | 0 |
| other long term liabilities | 0 | 77,888,000 | 0 | 0 | 0 |
| share issue | |||||
| interest | -16,025,000 | -21,219,000 | -21,684,000 | -24,443,000 | -15,970,000 |
| cash flow from financing | -39,175,000 | -89,596,000 | -277,744,000 | 790,547,000 | 185,391,000 |
| cash and cash equivalents | |||||
| cash | -29,870,000 | 23,061,000 | 832,000 | 23,113,000 | 22,036,000 |
| overdraft | -685,000 | 685,000 | 0 | 0 | 0 |
| change in cash | -29,185,000 | 22,376,000 | 832,000 | 23,113,000 | 22,036,000 |
P&L
April 2023turnover
499.6m
+10%
operating profit
12.2m
-77%
gross margin
8.6%
-52.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
139.4m
+0.03%
total assets
491.7m
-0.04%
cash
39.2m
-0.43%
net assets
Total assets minus all liabilities
book retail midco limited company details
company number
11309674
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
April 2018
age
6
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
203-206 piccadilly, london, W1J 9HD
last accounts submitted
April 2023
book retail midco 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 book retail midco limited. Currently there are 1 open charges and 1 have been satisfied in the past.
book retail midco limited Companies House Filings - See Documents
| date | description | view/download |
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