deuce midco limited
deuce midco limited Company Information
Company Number
11385914
Website
altfarm.mediaplex.comRegistered Address
the hangar mosquito way, hatfield business park, hatfield, hertfordshire, AL10 9AX
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
deuce parentco limited 100%
deuce holdco limited 0%
deuce midco limited Estimated Valuation
Pomanda estimates the enterprise value of DEUCE MIDCO LIMITED at £2.9b based on a Turnover of £655.3m and 4.41x industry multiple (adjusted for size and gross margin).
deuce midco limited Estimated Valuation
Pomanda estimates the enterprise value of DEUCE MIDCO LIMITED at £4b based on an EBITDA of £224.4m and a 17.73x industry multiple (adjusted for size and gross margin).
deuce midco limited Estimated Valuation
Pomanda estimates the enterprise value of DEUCE MIDCO LIMITED at £0 based on Net Assets of £-386.4m and 1.71x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Deuce Midco Limited Overview
Deuce Midco Limited is a live company located in hatfield, AL10 9AX with a Companies House number of 11385914. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in May 2018, it's largest shareholder is deuce parentco limited with a 100% stake. Deuce Midco Limited is a young, mega sized company, Pomanda has estimated its turnover at £655.3m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Deuce Midco Limited Health Check
Pomanda's financial health check has awarded Deuce Midco Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
4 Weak
Size
annual sales of £655.3m, make it larger than the average company (£18.1m)
£655.3m - Deuce Midco Limited
£18.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (6.6%)
8% - Deuce Midco Limited
6.6% - Industry AVG
Production
with a gross margin of 75.5%, this company has a lower cost of product (36.1%)
75.5% - Deuce Midco Limited
36.1% - Industry AVG
Profitability
an operating margin of 20.7% make it more profitable than the average company (5.1%)
20.7% - Deuce Midco Limited
5.1% - Industry AVG
Employees
with 6241 employees, this is above the industry average (106)
6241 - Deuce Midco Limited
106 - Industry AVG
Pay Structure
on an average salary of £28.4k, the company has a lower pay structure (£42k)
£28.4k - Deuce Midco Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £105k, this is less efficient (£178.6k)
£105k - Deuce Midco Limited
£178.6k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (47 days)
5 days - Deuce Midco Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is quicker than average (48 days)
41 days - Deuce Midco Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (42 days)
4 days - Deuce Midco Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (16 weeks)
4 weeks - Deuce Midco Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 119.9%, this is a higher level of debt than the average (69.9%)
119.9% - Deuce Midco Limited
69.9% - Industry AVG
DEUCE MIDCO LIMITED financials
Deuce Midco Limited's latest turnover from December 2022 is £655.3 million and the company has net assets of -£386.4 million. According to their latest financial statements, Deuce Midco Limited has 6,241 employees and maintains cash reserves of £11.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 655,321,000 | 390,552,000 | 284,374,000 | 519,535,000 | 483,360,000 | 429,001,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 160,584,000 | 126,513,000 | 119,873,000 | 130,154,000 | 126,046,000 | 116,919,000 |
| Gross Profit | 494,737,000 | 264,039,000 | 164,501,000 | 389,381,000 | 357,314,000 | 312,082,000 |
| Admin Expenses | 359,025,000 | 258,390,000 | 249,653,000 | 294,350,000 | 305,482,000 | 261,055,000 |
| Operating Profit | 135,712,000 | 5,649,000 | -85,152,000 | 95,031,000 | 51,832,000 | 51,027,000 |
| Interest Payable | 138,169,000 | 152,170,000 | 163,963,000 | 148,835,000 | 78,999,000 | 52,881,000 |
| Interest Receivable | 897,000 | 5,163,000 | 70,000 | 99,000 | 286,000 | 245,000 |
| Pre-Tax Profit | -1,560,000 | -141,358,000 | -249,045,000 | -53,705,000 | -26,881,000 | -1,609,000 |
| Tax | -7,400,000 | -11,630,000 | 22,703,000 | 2,056,000 | 4,739,000 | 398,000 |
| Profit After Tax | -8,960,000 | -152,988,000 | -226,342,000 | -51,649,000 | -22,142,000 | -1,211,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -8,960,000 | -152,988,000 | -226,342,000 | -51,649,000 | -22,142,000 | -1,211,000 |
| Employee Costs | 177,020,000 | 150,668,000 | 145,391,000 | 154,786,000 | 143,646,000 | 132,209,000 |
| Number Of Employees | 6,241 | 5,575 | 5,707 | 5,668 | 5,620 | 5,323 |
| EBITDA* | 224,426,000 | 88,924,000 | 4,842,000 | 183,397,000 | 103,658,000 | 99,702,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,838,726,000 | 1,723,049,000 | 1,603,985,000 | 1,347,470,000 | 569,482,000 | 549,523,000 |
| Intangible Assets | 243,691,000 | 228,623,000 | 275,358,000 | 217,356,000 | 231,671,000 | 232,841,000 |
| Investments & Other | 4,342,000 | 0 | 0 | 120,706,000 | 1,780,000 | 0 |
| Debtors (Due After 1 year) | 177,527,000 | 198,746,000 | 156,577,000 | 0 | 0 | 0 |
| Total Fixed Assets | 1,907,760,000 | 1,758,674,000 | 1,726,035,000 | 1,564,826,000 | 801,153,000 | 782,364,000 |
| Stock & work in progress | 1,774,000 | 1,430,000 | 652,000 | 1,648,000 | 1,631,000 | 1,030,000 |
| Trade Debtors | 10,279,000 | 10,092,000 | 7,792,000 | 5,325,000 | 3,815,000 | 3,967,000 |
| Group Debtors | 0 | 0 | 497,000 | 0 | 0 | 0 |
| Misc Debtors | 7,556,000 | 6,641,000 | 24,554,000 | 7,526,000 | 18,862,000 | 28,388,000 |
| Cash | 11,495,000 | 124,213,000 | 82,566,000 | 26,706,000 | 19,683,000 | 30,680,000 |
| misc current assets | 0 | 0 | 0 | 0 | 310,000 | 0 |
| total current assets | 31,104,000 | 142,376,000 | 116,061,000 | 41,605,000 | 44,301,000 | 64,065,000 |
| total assets | 1,938,864,000 | 1,901,050,000 | 1,842,096,000 | 1,606,431,000 | 845,454,000 | 846,429,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 78,719,000 |
| Trade Creditors | 18,176,000 | 32,537,000 | 43,714,000 | 11,432,000 | 9,097,000 | 8,401,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 487,000 | 3,384,000 | 50,110,000 | 0 | 0 | 0 |
| hp & lease commitments | 5,979,000 | 49,004,000 | 35,072,000 | 9,415,000 | 873,000 | 940,000 |
| other current liabilities | 106,165,000 | 113,236,000 | 146,883,000 | 87,673,000 | 93,832,000 | 112,382,000 |
| total current liabilities | 130,807,000 | 198,161,000 | 275,779,000 | 108,520,000 | 103,802,000 | 200,442,000 |
| loans | 3,890,022,000 | 3,681,236,000 | 4,073,334,000 | 3,524,990,000 | 2,131,208,000 | 1,122,580,000 |
| hp & lease commitments | 1,042,485,000 | 953,451,000 | 949,918,000 | 818,258,000 | 169,669,000 | 170,336,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 26,229,000 | 24,813,000 |
| other liabilities | 6,905,000 | 2,956,000 | 643,000 | 886,000 | 985,000 | 0 |
| provisions | 485,152,000 | 494,950,000 | 382,960,000 | 351,788,000 | 252,610,000 | 257,412,000 |
| total long term liabilities | 2,194,492,000 | 2,091,049,000 | 2,228,790,000 | 1,939,275,000 | 1,219,123,000 | 714,809,000 |
| total liabilities | 2,325,299,000 | 2,289,210,000 | 2,504,569,000 | 2,047,795,000 | 1,322,925,000 | 915,251,000 |
| net assets | -386,435,000 | -388,160,000 | -662,473,000 | -441,364,000 | -477,471,000 | -68,822,000 |
| total shareholders funds | -386,435,000 | -388,160,000 | -662,473,000 | -441,364,000 | -477,471,000 | -68,822,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 135,712,000 | 5,649,000 | -85,152,000 | 95,031,000 | 51,832,000 | 51,027,000 |
| Depreciation | 80,357,000 | 76,061,000 | 79,236,000 | 77,034,000 | 43,864,000 | 41,349,000 |
| Amortisation | 8,357,000 | 7,214,000 | 10,758,000 | 11,332,000 | 7,962,000 | 7,326,000 |
| Tax | -7,400,000 | -11,630,000 | 22,703,000 | 2,056,000 | 4,739,000 | 398,000 |
| Stock | 344,000 | 778,000 | -996,000 | 17,000 | 1,631,000 | 1,030,000 |
| Debtors | -20,117,000 | 26,059,000 | 176,569,000 | -9,826,000 | 22,677,000 | 32,355,000 |
| Creditors | -14,361,000 | -11,177,000 | 32,282,000 | 2,335,000 | 9,097,000 | 8,401,000 |
| Accruals and Deferred Income | -7,071,000 | -33,647,000 | 59,210,000 | -32,388,000 | 120,061,000 | 137,195,000 |
| Deferred Taxes & Provisions | -9,798,000 | 111,990,000 | 31,172,000 | 99,178,000 | 252,610,000 | 257,412,000 |
| Cash flow from operations | 205,569,000 | 117,623,000 | -25,364,000 | 264,387,000 | 465,857,000 | 469,723,000 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 4,342,000 | 0 | -120,706,000 | 118,926,000 | 1,780,000 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 78,719,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -2,897,000 | -46,726,000 | 50,110,000 | 0 | 0 | 0 |
| Long term loans | 208,786,000 | -392,098,000 | 548,344,000 | 1,393,782,000 | 2,131,208,000 | 1,122,580,000 |
| Hire Purchase and Lease Commitments | 46,009,000 | 17,465,000 | 157,317,000 | 657,131,000 | 170,542,000 | 171,276,000 |
| other long term liabilities | 3,949,000 | 2,313,000 | -243,000 | -99,000 | 985,000 | 0 |
| share issue | ||||||
| interest | -137,272,000 | -147,007,000 | -163,893,000 | -148,736,000 | -78,713,000 | -52,636,000 |
| cash flow from financing | 129,260,000 | -138,752,000 | 596,868,000 | 1,989,834,000 | 1,768,693,000 | 1,252,328,000 |
| cash and cash equivalents | ||||||
| cash | -112,718,000 | 41,647,000 | 55,860,000 | 7,023,000 | 19,683,000 | 30,680,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -112,718,000 | 41,647,000 | 55,860,000 | 7,023,000 | 19,683,000 | 30,680,000 |
deuce midco limited Credit Report and Business Information
Deuce Midco Limited Competitor Analysis
Perform a competitor analysis for deuce midco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
deuce midco limited Ownership
DEUCE MIDCO LIMITED group structure
Deuce Midco Limited has 2 subsidiary companies.
Ultimate parent company
DEUCE HOLDING SARL
#0134363
2 parents
DEUCE MIDCO LIMITED
11385914
2 subsidiaries
deuce midco limited directors
Deuce Midco Limited currently has 7 directors. The longest serving directors include Mr Brian Magnus (May 2018) and Mr Mark Stephens (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Magnus | United Kingdom | 58 years | May 2018 | - | Director |
| Mr Mark Stephens | United Kingdom | 42 years | May 2018 | - | Director |
| Mr Patrick Burrows | United Kingdom | 57 years | Jan 2019 | - | Director |
| Mr Scott Lloyd | United Kingdom | 49 years | Jan 2019 | - | Director |
| Mr Donald Earlam | United Kingdom | 58 years | Jan 2019 | - | Director |
| Mr Martin Evans | United Kingdom | 50 years | Apr 2020 | - | Director |
| Mr Russell Barnes | United Kingdom | 53 years | Sep 2020 | - | Director |
P&L
December 2022turnover
655.3m
+68%
operating profit
135.7m
+2302%
gross margin
75.5%
+11.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-386.4m
0%
total assets
1.9b
+0.02%
cash
11.5m
-0.91%
net assets
Total assets minus all liabilities
deuce midco limited company details
company number
11385914
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
May 2018
age
6
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
the hangar mosquito way, hatfield business park, hatfield, hertfordshire, AL10 9AX
last accounts submitted
December 2022
deuce 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 deuce midco limited. Currently there are 1 open charges and 1 have been satisfied in the past.
deuce midco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
