surf (midco) limited
surf (midco) limited Company Information
Company Number
11375227
Next Accounts
Sep 2025
Shareholders
surf (holdco) limited
Group Structure
View All
Industry
Activities of financial services holding companies
Registered Address
6th floor 24 chiswell street, london, EC1Y 4TY
Website
https://lodlaw.comsurf (midco) limited Estimated Valuation
Pomanda estimates the enterprise value of SURF (MIDCO) LIMITED at £0 based on a Turnover of £0 and 1.14x industry multiple (adjusted for size and gross margin).
surf (midco) limited Estimated Valuation
Pomanda estimates the enterprise value of SURF (MIDCO) LIMITED at £0 based on an EBITDA of £-8k and a 4.22x industry multiple (adjusted for size and gross margin).
surf (midco) limited Estimated Valuation
Pomanda estimates the enterprise value of SURF (MIDCO) LIMITED at £0 based on Net Assets of £-223k and 1.67x industry multiple (adjusted for liquidity).
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Surf (midco) Limited Overview
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.
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Surf (midco) Limited Health Check
There is insufficient data available to calculate a health check for Surf (Midco) Limited. Company Health Check FAQs
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 (58.4%)
- - Surf (midco) Limited
- - Industry AVG
SURF (MIDCO) LIMITED financials
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 | 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 | 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 | -64,476,104 | |||||
| Change in Investments | -75,355 | 75,355 | ||||
| cash flow from investments | -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 | ||||||
| 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
Surf (midco) Limited Competitor Analysis
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.
surf (midco) limited Ownership
SURF (MIDCO) LIMITED group structure
Surf (Midco) Limited has 1 subsidiary company.
Ultimate parent company
SURF (TOPCO) LTD
#0102062
2 parents
SURF (MIDCO) LIMITED
11375227
1 subsidiary
surf (midco) limited directors
Surf (Midco) Limited currently has 4 directors. The longest serving directors include Mr Simon Harper (Jul 2018) and Mr Andrew MacDonald (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Harper | 54 years | Jul 2018 | - | Director | |
| Mr Andrew MacDonald | United Kingdom | 61 years | Aug 2023 | - | Director |
| Mr Michael Flanagan | United States | 60 years | Aug 2023 | - | Director |
| Mr Andrew MacAulay | United Kingdom | 47 years | Dec 2023 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
-8k
-79%
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
-223k
+0.12%
total assets
102.4m
+0.17%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
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
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) limited Companies House Filings - See Documents
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