bidx1 acquisitions limited
bidx1 acquisitions limited Company Information
Company Number
11454833
Next Accounts
134 days late
Shareholders
bidx1 holdings limited
space property investment holdings limited
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
henry wood house, 4 - 5 langham place, london, W1B 3DG
Website
bidx1.combidx1 acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of BIDX1 ACQUISITIONS LIMITED at £10m based on a Turnover of £10.1m and 0.99x industry multiple (adjusted for size and gross margin).
bidx1 acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of BIDX1 ACQUISITIONS LIMITED at £0 based on an EBITDA of £-2.6m and a 7.58x industry multiple (adjusted for size and gross margin).
bidx1 acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of BIDX1 ACQUISITIONS LIMITED at £44.7m based on Net Assets of £20.9m and 2.14x industry multiple (adjusted for liquidity).
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Bidx1 Acquisitions Limited Overview
Bidx1 Acquisitions Limited is a live company located in london, W1B 3DG with a Companies House number of 11454833. It operates in the activities of head offices sector, SIC Code 70100. Founded in July 2018, it's largest shareholder is bidx1 holdings limited with a 35.3% stake. Bidx1 Acquisitions Limited is a young, mid sized company, Pomanda has estimated its turnover at £10.1m with high growth in recent years.
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Bidx1 Acquisitions Limited Health Check
Pomanda's financial health check has awarded Bidx1 Acquisitions Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £10.1m, make it smaller than the average company (£18.8m)
£10.1m - Bidx1 Acquisitions Limited
£18.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (3.4%)
26% - Bidx1 Acquisitions Limited
3.4% - Industry AVG
Production
with a gross margin of 71%, this company has a lower cost of product (33.4%)
71% - Bidx1 Acquisitions Limited
33.4% - Industry AVG
Profitability
an operating margin of -70% make it less profitable than the average company (6.2%)
-70% - Bidx1 Acquisitions Limited
6.2% - Industry AVG
Employees
with 123 employees, this is similar to the industry average (109)
123 - Bidx1 Acquisitions Limited
109 - Industry AVG
Pay Structure
on an average salary of £51.5k, the company has an equivalent pay structure (£47k)
£51.5k - Bidx1 Acquisitions Limited
£47k - Industry AVG
Efficiency
resulting in sales per employee of £82.1k, this is less efficient (£196k)
£82.1k - Bidx1 Acquisitions Limited
£196k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is near the average (47 days)
37 days - Bidx1 Acquisitions Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 133 days, this is slower than average (45 days)
133 days - Bidx1 Acquisitions Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bidx1 Acquisitions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (16 weeks)
5 weeks - Bidx1 Acquisitions Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23%, this is a lower level of debt than the average (57.1%)
23% - Bidx1 Acquisitions Limited
57.1% - Industry AVG
BIDX1 ACQUISITIONS LIMITED financials
Bidx1 Acquisitions Limited's latest turnover from December 2022 is £10.1 million and the company has net assets of £20.9 million. According to their latest financial statements, Bidx1 Acquisitions Limited has 123 employees and maintains cash reserves of £639.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 10,103,737 | 9,795,391 | 8,580,206 | 5,040,321 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 2,931,562 | 2,190,027 | 2,244,976 | 1,343,044 | |
| Gross Profit | 7,172,175 | 7,605,364 | 6,335,230 | 3,697,277 | |
| Admin Expenses | 14,242,743 | 14,083,898 | 11,229,850 | 12,956,632 | |
| Operating Profit | -7,070,568 | -6,478,534 | -4,894,620 | -9,259,355 | |
| Interest Payable | 18,802 | 80,150 | 4,021,025 | 0 | |
| Interest Receivable | 468 | 113 | 17,341 | 24,120 | |
| Pre-Tax Profit | -7,088,902 | -6,558,571 | -8,898,307 | -9,470,781 | |
| Tax | -8,282 | 90,866 | 2,004 | -5,983 | |
| Profit After Tax | -7,097,184 | -6,467,705 | -8,896,303 | -9,476,764 | |
| Dividends Paid | 0 | 0 | 0 | 0 | |
| Retained Profit | -7,097,184 | -6,467,705 | -8,896,303 | -9,476,764 | |
| Employee Costs | 6,336,292 | 6,918,894 | 5,966,383 | 4,836,258 | |
| Number Of Employees | 123 | 126 | 12 | 6 | |
| EBITDA* | -2,599,225 | -3,544,045 | -1,997,456 | -6,791,135 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 133,580 | 132,267 | 221,438 | 200,382 | 0 |
| Intangible Assets | 24,068,657 | 25,473,256 | 24,159,216 | 24,869,029 | 0 |
| Investments & Other | 0 | 0 | 0 | 101,741 | 9,148,819 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 24,202,237 | 25,605,523 | 24,380,654 | 25,171,152 | 9,148,819 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,047,956 | 1,132,599 | 1,166,117 | 1,064,313 | 18,000 |
| Group Debtors | 0 | 0 | 0 | 23,980 | 1,377,852 |
| Misc Debtors | 1,205,989 | 1,253,938 | 1,340,385 | 834,983 | 24,843 |
| Cash | 639,579 | 6,384,408 | 1,973,788 | 596,587 | 235,994 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,893,524 | 8,770,945 | 4,480,290 | 2,519,863 | 1,656,689 |
| total assets | 27,095,761 | 34,376,468 | 28,860,944 | 27,691,015 | 10,805,508 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 245,190 | 331,199 | 354,355 | 0 | 0 |
| Trade Creditors | 1,076,198 | 970,063 | 1,091,021 | 865,540 | 16,276 |
| Group/Directors Accounts | 44,455 | 45,726 | 105,540 | 54,944 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,838,570 | 4,944,281 | 3,524,540 | 1,345,553 | 62,515 |
| total current liabilities | 6,204,413 | 6,291,269 | 5,075,456 | 2,266,037 | 78,791 |
| loans | 35,634 | 283,338 | 6,594,675 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 44,195 | 72,334 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 35,634 | 327,533 | 6,667,009 | 0 | 0 |
| total liabilities | 6,240,047 | 6,618,802 | 11,742,465 | 2,266,037 | 78,791 |
| net assets | 20,855,714 | 27,757,666 | 17,118,479 | 25,424,978 | 10,726,717 |
| total shareholders funds | 20,855,714 | 27,757,666 | 17,118,479 | 25,424,978 | 10,726,717 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -7,070,568 | -6,478,534 | -4,894,620 | -9,259,355 | |
| Depreciation | 120,769 | 90,828 | 98,781 | 42,960 | 0 |
| Amortisation | 4,350,574 | 2,843,661 | 2,798,383 | 2,425,260 | 0 |
| Tax | -8,282 | 90,866 | 2,004 | -5,983 | |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -132,592 | -119,965 | 583,226 | 502,581 | 1,420,695 |
| Creditors | 106,135 | -120,958 | 225,481 | 849,264 | 16,276 |
| Accruals and Deferred Income | -105,711 | 1,419,741 | 2,178,987 | 1,283,038 | 62,515 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -2,474,491 | -2,034,431 | -174,210 | -5,167,397 | |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | |
| Change in Investments | 0 | 0 | -101,741 | -9,047,078 | 9,148,819 |
| cash flow from investments | 0 | 0 | 101,741 | 9,047,078 | |
| Financing Activities | |||||
| Bank loans | -86,009 | -23,156 | 354,355 | 0 | 0 |
| Group/Directors Accounts | -1,271 | -59,814 | 50,596 | 54,944 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -247,704 | -6,311,337 | 6,594,675 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -44,195 | -28,139 | 72,334 | 0 | 0 |
| share issue | |||||
| interest | -18,334 | -80,037 | -4,003,684 | 24,120 | |
| cash flow from financing | -202,281 | 10,604,409 | 3,658,080 | 24,254,089 | |
| cash and cash equivalents | |||||
| cash | -5,744,829 | 4,410,620 | 1,377,201 | 360,593 | 235,994 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -5,744,829 | 4,410,620 | 1,377,201 | 360,593 | 235,994 |
bidx1 acquisitions limited Credit Report and Business Information
Bidx1 Acquisitions Limited Competitor Analysis
Perform a competitor analysis for bidx1 acquisitions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in W1B area or any other competitors across 12 key performance metrics.
bidx1 acquisitions limited Ownership
BIDX1 ACQUISITIONS LIMITED group structure
Bidx1 Acquisitions Limited has 2 subsidiary companies.
Ultimate parent company
BIDX1 ACQUISITIONS LIMITED
11454833
2 subsidiaries
bidx1 acquisitions limited directors
Bidx1 Acquisitions Limited currently has 4 directors. The longest serving directors include Mr Daniele Della Seta (Nov 2021) and Mr Patrick Carey (Sep 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniele Della Seta | Italy | 43 years | Nov 2021 | - | Director |
| Mr Patrick Carey | England | 41 years | Sep 2022 | - | Director |
| Mr Michael Murphy | England | 53 years | Mar 2023 | - | Director |
| Mr Denis Creighton | England | 61 years | May 2024 | - | Director |
P&L
December 2022turnover
10.1m
+3%
operating profit
-7.1m
+9%
gross margin
71%
-8.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
20.9m
-0.25%
total assets
27.1m
-0.21%
cash
639.6k
-0.9%
net assets
Total assets minus all liabilities
bidx1 acquisitions limited company details
company number
11454833
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
July 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
ERNST & YOUNG
address
henry wood house, 4 - 5 langham place, london, W1B 3DG
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
PENNINGTON MANCHES LLP
bidx1 acquisitions 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 did not find charges/mortgages relating to bidx1 acquisitions limited.
bidx1 acquisitions 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.
Click to start generating capital raising & share issue transactions for BIDX1 ACQUISITIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
bidx1 acquisitions limited Companies House Filings - See Documents
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