Pomanda estimates the enterprise value of SURF (MIDCO) LIMITED at £0 based on a Turnover of £0 and 1.07x industry multiple (adjusted for size and gross margin).
surf (midco) limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SURF (MIDCO) LIMITED at £0 based on an EBITDA of £-8k and a 4.54x industry multiple (adjusted for size and gross margin).
surf (midco) limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SURF (MIDCO) LIMITED at £0 based on Net Assets of £-223k and 1.61x industry multiple (adjusted for liquidity).
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Surf (midco) LimitedOverview
Surf (midco) Limited is a live company located in london, EC1Y 4TY with a Companies House number of 11375227. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in May 2018, it's largest shareholder is
surf (holdco) limited
with a 100% stake. Surf (midco) Limited is a young,
unknown sized company, Pomanda has estimated its turnover at
£0 with
declining
growth in recent years.
There is insufficient data available to calculate a health check for Surf (Midco) Limited. Company Health Check FAQs
Health Rating0out of 5
0 Strong
0 Regular
3 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Surf (midco) Limited
- - Industry AVG
Growth
3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (8.1%)
- - Surf (midco) Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Surf (midco) Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Surf (midco) Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (64)
- - Surf (midco) Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Surf (midco) Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- - Surf (midco) Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Surf (midco) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Surf (midco) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Surf (midco) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Surf (midco) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.2%, this is a higher level of debt than the average (58.2%)
- - Surf (midco) Limited
- - Industry AVG
SURF (MIDCO) LIMITED financials
EXPORT
Surf (Midco) Limited's latest turnover from December 2023 is 0 and the company has net assets of -£223 thousand. According to their latest financial statements, we estimate that Surf (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
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Turnover
51,242,282
61,622,291
46,734,266
Other Income Or Grants
Cost Of Sales
32,274,494
38,902,514
29,659,859
Gross Profit
18,967,788
22,719,777
17,074,407
Admin Expenses
8,000
16,000
38,000
18,334,248
23,818,879
18,759,393
Operating Profit
-8,000
-16,000
-38,000
633,540
-1,099,102
-1,684,986
Interest Payable
6,419,000
8,717,000
7,943,000
9,171,128
8,226,486
7,099,524
Interest Receivable
6,419,000
8,717,000
7,943,000
11,779
15,540
17,136
Pre-Tax Profit
-8,000
-16,000
-38,000
-8,937,071
-9,710,474
-9,640,474
Tax
1,000
-1,162,715
-859,611
-270,910
Profit After Tax
-7,000
-16,000
-38,000
-10,099,786
-10,570,085
-9,911,384
Dividends Paid
Retained Profit
-7,000
-16,000
-38,000
-9,976,295
-10,570,085
-9,911,384
Employee Costs
8,992,454
9,374,991
8,264,270
Number Of Employees
1
1
1
109
114
73
EBITDA*
-8,000
-16,000
-38,000
9,771,498
7,728,760
5,946,271
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Tangible Assets
453,025
401,281
393,716
Intangible Assets
69,259,664
62,043,785
66,372,518
Investments & Other
75,355
Debtors (Due After 1 year)
59,925,000
59,925,000
59,930,000
84,729
193,803
Total Fixed Assets
59,925,000
59,925,000
59,930,000
69,872,773
62,638,869
66,766,234
Stock & work in progress
Trade Debtors
11,600,545
11,636,482
9,997,171
Group Debtors
42,433,000
36,015,000
146,208
Misc Debtors
1,000
27,297,000
1,039,770
1,793,064
3,803,509
Cash
7,222,171
10,826,821
7,065,144
misc current assets
total current assets
42,434,000
36,015,000
27,297,000
19,862,486
24,256,367
21,012,032
total assets
102,359,000
95,940,000
87,227,000
89,735,259
86,895,236
87,778,266
Bank overdraft
Bank loan
Trade Creditors
1,475,119
1,661,737
2,237,847
Group/Directors Accounts
other short term finances
4,500,000
hp & lease commitments
other current liabilities
9,000
15,000
28,000
6,427,723
5,914,836
14,171,939
total current liabilities
9,000
15,000
28,000
7,902,842
12,076,573
16,409,786
loans
102,573,000
96,141,000
60,102,000
92,569,029
82,166,713
80,107,927
hp & lease commitments
Accruals and Deferred Income
27,297,000
19,682,529
12,341,171
other liabilities
provisions
697,237
959,734
1,187,993
total long term liabilities
102,573,000
96,141,000
87,399,000
112,948,795
95,467,618
81,295,920
total liabilities
102,582,000
96,156,000
87,427,000
120,851,637
107,544,191
97,705,706
net assets
-223,000
-216,000
-200,000
-31,116,378
-20,648,955
-9,927,440
total shareholders funds
-223,000
-216,000
-200,000
-31,116,378
-20,648,955
-9,927,440
Dec 2023
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Operating Activities
Operating Profit
-8,000
-16,000
-38,000
633,540
-1,099,102
-1,684,986
Depreciation
156,712
172,362
99,367
Amortisation
8,981,246
8,655,500
7,531,890
Tax
1,000
-1,162,715
-859,611
-270,910
Stock
Debtors
15,132,000
8,713,000
74,501,956
-898,305
-323,539
13,946,888
Creditors
-1,475,119
-186,618
-576,110
2,237,847
Accruals and Deferred Income
-27,316,000
-27,310,000
1,214,748
7,854,245
4,084,068
14,171,939
Deferred Taxes & Provisions
-697,237
-262,497
-228,259
1,187,993
Cash flow from operations
-42,455,000
-36,039,000
-75,497,564
16,912,218
10,472,387
9,326,252
Investing Activities
capital expenditure
69,712,689
-64,476,104
Change in Investments
-75,355
75,355
cash flow from investments
69,788,044
-75,355
-64,476,104
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-4,500,000
4,500,000
Long term loans
42,471,000
36,039,000
-32,467,029
10,402,316
2,058,786
80,107,927
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-16,000
30,954,378
-491,128
-151,430
-16,056
interest
-9,159,349
-8,210,946
-7,082,388
cash flow from financing
42,455,000
36,039,000
-1,512,651
-3,748,161
-1,803,590
73,009,483
cash and cash equivalents
cash
-7,222,171
-3,604,650
3,761,677
7,065,144
overdraft
change in cash
-7,222,171
-3,604,650
3,761,677
7,065,144
surf (midco) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for surf (midco) limited. Get real-time insights into surf (midco) limited's credit score, group structure and payment trends.
Perform a competitor analysis for surf (midco) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other young companies, companies in EC1Y area or any other competitors across 12 key performance metrics.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
-223k
+0.12%
total assets
102.4m
+0.17%
cash
0
0%
net assets
Total assets minus all liabilities
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surf (midco) limited company details
company number
11375227
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
May 2018
age
7
incorporated
UK
ultimate parent company
SURF (TOPCO) LTD
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
MHA
auditor
-
address
6th floor 24 chiswell street, london, EC1Y 4TY
Bank
-
Legal Advisor
-
surf (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 1 charges/mortgages relating to surf (midco) limited. Currently there are 0 open charges and 1 have been satisfied in the past.
surf (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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surf (midco) limitedCompanies House Filings - See Documents
