thredd midco limited
thredd midco limited Company Information
Company Number
11319840
Next Accounts
Sep 2025
Shareholders
global processing services group limited
Group Structure
View All
Industry
Non-trading company
Registered Address
kingsbourne house 229-231 high h, high holborn, london, WC1V 7DA
Website
-thredd midco limited Estimated Valuation
Pomanda estimates the enterprise value of THREDD MIDCO LIMITED at £0 based on a Turnover of £0 and 0.54x industry multiple (adjusted for size and gross margin).
thredd midco limited Estimated Valuation
Pomanda estimates the enterprise value of THREDD MIDCO LIMITED at £3.7m based on an EBITDA of £876.8k and a 4.24x industry multiple (adjusted for size and gross margin).
thredd midco limited Estimated Valuation
Pomanda estimates the enterprise value of THREDD MIDCO LIMITED at £5.9m based on Net Assets of £4.5m and 1.31x industry multiple (adjusted for liquidity).
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Thredd Midco Limited Overview
Thredd Midco Limited is a live company located in london, WC1V 7DA with a Companies House number of 11319840. It operates in the non-trading company sector, SIC Code 74990. Founded in April 2018, it's largest shareholder is global processing services group limited with a 100% stake. Thredd Midco Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Thredd Midco Limited Health Check
There is insufficient data available to calculate a health check for Thredd Midco Limited. Company Health Check FAQs
0 Strong
0 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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Growth
There is insufficient data available for this Key Performance Indicator!
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Production
There is insufficient data available for this Key Performance Indicator!
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Profitability
There is insufficient data available for this Key Performance Indicator!
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Employees
with 1 employees, this is below the industry average (41)
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- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
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Efficiency
There is insufficient data available for this Key Performance Indicator!
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
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Creditor Days
There is insufficient data available for this Key Performance Indicator!
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Stock Days
There is insufficient data available for this Key Performance Indicator!
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Cash Balance
There is insufficient data available for this Key Performance Indicator!
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Debt Level
it has a ratio of liabilities to total assets of 95.1%, this is a higher level of debt than the average (47.9%)
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THREDD MIDCO LIMITED financials
Thredd Midco Limited's latest turnover from December 2023 is 0 and the company has net assets of £4.5 million. According to their latest financial statements, we estimate that Thredd Midco Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | -5,690 | |||||
| Interest Payable | 7,000 | 1,424,000 | 5,994,041 | 3,846,177 | 3,054,533 | 1,408,116 |
| Interest Receivable | 583,000 | 446,000 | 2,601,827 | 2,570,985 | 2,568,638 | 1,412,600 |
| Pre-Tax Profit | 568,000 | -987,000 | -3,405,490 | -1,288,889 | -504,954 | -25,674 |
| Tax | -388,325 | 300,286 | 88,039 | |||
| Profit After Tax | 568,000 | -987,000 | -3,793,815 | -988,603 | -416,915 | -25,674 |
| Dividends Paid | ||||||
| Retained Profit | 568,000 | -987,000 | -3,793,815 | -988,603 | -416,915 | -25,674 |
| Employee Costs | ||||||
| Number Of Employees | ||||||
| EBITDA* | -5,690 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 52,381,000 | 51,802,000 | 51,154,232 | 1 | 36,187,439 | 33,530,762 |
| Intangible Assets | ||||||
| Investments & Other | 52,381,000 | 51,802,000 | 51,154,232 | 1 | 1 | 1 |
| Debtors (Due After 1 year) | 36,187,438 | 33,530,761 | ||||
| Total Fixed Assets | 52,381,000 | 51,802,000 | 51,154,232 | 1 | 36,187,439 | 33,530,762 |
| Stock & work in progress | ||||||
| Trade Debtors | ||||||
| Group Debtors | 38,527,000 | 38,527,000 | 38,526,854 | 38,526,854 | 38,526,854 | 33,528,354 |
| Misc Debtors | 7,000 | 6,000 | 4,885 | 5,006 | 4,469 | |
| Cash | ||||||
| misc current assets | 38,670,384 | |||||
| total current assets | 38,534,000 | 38,533,000 | 38,531,739 | 77,590,569 | 38,531,323 | 33,528,354 |
| total assets | 90,915,000 | 90,335,000 | 89,685,971 | 77,590,570 | 74,718,762 | 67,059,116 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 1,520 | 500 | ||||
| Group/Directors Accounts | 34,215,000 | 34,215,000 | 34,215,340 | 33,528,354 | 33,528,354 | |
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 51,683,000 | 51,671,000 | 50,033,184 | 56,953 | 43,219 | 33,549,544 |
| total current liabilities | 85,898,000 | 85,886,000 | 84,250,044 | 33,585,807 | 33,571,573 | 33,549,544 |
| loans | 1,062,000 | 1,062,000 | 1,061,974 | 90,871,908 | 83,179,554 | 67,070,490 |
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | 531,000 | 531,000 | 530,987 | 45,435,954 | 41,589,777 | 33,535,245 |
| total liabilities | 86,429,000 | 86,417,000 | 84,781,031 | 79,021,761 | 75,161,350 | 67,084,789 |
| net assets | 4,486,000 | 3,918,000 | 4,904,940 | -1,431,191 | -442,588 | -25,673 |
| total shareholders funds | 4,486,000 | 3,918,000 | 4,904,940 | -1,431,191 | -442,588 | -25,673 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -5,690 | |||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | -388,325 | 300,286 | 88,039 | |||
| Stock | ||||||
| Debtors | 1,000 | 1,261 | -121 | -36,186,901 | 7,659,646 | 67,059,115 |
| Creditors | -1,520 | 1,020 | 500 | |||
| Accruals and Deferred Income | 12,000 | 1,637,816 | 49,976,231 | 13,734 | -33,506,325 | 33,549,544 |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | -33,515,261 | |||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 579,000 | 647,768 | 51,154,231 | 1 | ||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -340 | 686,986 | 33,528,354 | |||
| Other Short Term Loans | ||||||
| Long term loans | 26 | -89,809,934 | 7,692,354 | 16,109,064 | 67,070,490 | |
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | 576,000 | -978,000 | -3,392,214 | -1,275,192 | -485,895 | 4,484 |
| cash flow from financing | 576,000 | -978,254 | -82,385,216 | 6,417,162 | 49,151,523 | 67,074,975 |
| cash and cash equivalents | ||||||
| cash | ||||||
| overdraft | ||||||
| change in cash |
thredd midco limited Credit Report and Business Information
Thredd Midco Limited Competitor Analysis
Perform a competitor analysis for thredd midco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other young companies, companies in WC1V area or any other competitors across 12 key performance metrics.
thredd midco limited Ownership
THREDD MIDCO LIMITED group structure
Thredd Midco Limited has 1 subsidiary company.
Ultimate parent company
AUXO TOPCO JERSEY LTD
#0141895
2 parents
THREDD MIDCO LIMITED
11319840
1 subsidiary
thredd midco limited directors
Thredd Midco Limited currently has 2 directors. The longest serving directors include Mr Cecil Edwards (Sep 2022) and Mr James McCarthy (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Cecil Edwards | England | 46 years | Sep 2022 | - | Director |
| Mr James McCarthy | England | 60 years | Oct 2023 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
876.8k
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.5m
+0.14%
total assets
90.9m
+0.01%
cash
0
0%
net assets
Total assets minus all liabilities
thredd midco limited company details
company number
11319840
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
April 2018
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
gps midco limited (April 2023)
george midco limited (May 2019)
accountant
-
auditor
KPMG AUDIT LLC
address
kingsbourne house 229-231 high h, high holborn, london, WC1V 7DA
Bank
-
Legal Advisor
-
thredd 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 3 charges/mortgages relating to thredd midco limited. Currently there are 0 open charges and 3 have been satisfied in the past.
thredd midco 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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thredd midco limited Companies House Filings - See Documents
| date | description | view/download |
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