lernen midco 2 limited
lernen midco 2 limited Company Information
Company Number
11534509
Next Accounts
May 2025
Shareholders
lernen midco 1 limited
michael john drake
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
seebeck house 1 seebeck place, knowlhill, milton keynes, buckinghamshire, MK5 8FR
Website
cognita.comlernen midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LERNEN MIDCO 2 LIMITED at £2.1b based on a Turnover of £858.3m and 2.39x industry multiple (adjusted for size and gross margin).
lernen midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LERNEN MIDCO 2 LIMITED at £1.9b based on an EBITDA of £189m and a 10x industry multiple (adjusted for size and gross margin).
lernen midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LERNEN MIDCO 2 LIMITED at £0 based on Net Assets of £-1.6b and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Lernen Midco 2 Limited Overview
Lernen Midco 2 Limited is a live company located in milton keynes, MK5 8FR with a Companies House number of 11534509. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in August 2018, it's largest shareholder is lernen midco 1 limited with a 99.5% stake. Lernen Midco 2 Limited is a young, mega sized company, Pomanda has estimated its turnover at £858.3m with high growth in recent years.
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Lernen Midco 2 Limited Health Check
Pomanda's financial health check has awarded Lernen Midco 2 Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £858.3m, make it larger than the average company (£18.7m)
£858.3m - Lernen Midco 2 Limited
£18.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8.6%)
20% - Lernen Midco 2 Limited
8.6% - Industry AVG
Production
with a gross margin of 34.9%, this company has a comparable cost of product (34.9%)
34.9% - Lernen Midco 2 Limited
34.9% - Industry AVG
Profitability
an operating margin of 8% make it more profitable than the average company (4.7%)
8% - Lernen Midco 2 Limited
4.7% - Industry AVG
Employees
with 13723 employees, this is above the industry average (103)
13723 - Lernen Midco 2 Limited
103 - Industry AVG
Pay Structure
on an average salary of £31.4k, the company has a lower pay structure (£42.6k)
£31.4k - Lernen Midco 2 Limited
£42.6k - Industry AVG
Efficiency
resulting in sales per employee of £62.5k, this is less efficient (£185.5k)
£62.5k - Lernen Midco 2 Limited
£185.5k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (45 days)
39 days - Lernen Midco 2 Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (45 days)
12 days - Lernen Midco 2 Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (38 days)
1 days - Lernen Midco 2 Limited
38 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (14 weeks)
13 weeks - Lernen Midco 2 Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 141.5%, this is a higher level of debt than the average (69.2%)
141.5% - Lernen Midco 2 Limited
69.2% - Industry AVG
LERNEN MIDCO 2 LIMITED financials
Lernen Midco 2 Limited's latest turnover from August 2023 is £858.3 million and the company has net assets of -£1.6 billion. According to their latest financial statements, Lernen Midco 2 Limited has 13,723 employees and maintains cash reserves of £179.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|---|
| Turnover | 858,339,000 | 624,229,000 | 515,277,000 | 502,111,000 | 429,790,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | 68,869,000 | -39,421,000 | 7,616,000 | -284,993,000 | -37,243,000 |
| Interest Payable | 408,704,000 | 77,749,000 | 72,714,000 | 89,882,000 | 51,702,000 |
| Interest Receivable | 8,963,000 | 79,833,000 | 12,111,000 | 2,054,000 | 1,316,000 |
| Pre-Tax Profit | -330,872,000 | -37,337,000 | -52,987,000 | -372,821,000 | -87,629,000 |
| Tax | -15,616,000 | -15,842,000 | -673,000 | -1,772,000 | -5,116,000 |
| Profit After Tax | -346,488,000 | -53,179,000 | -53,660,000 | -374,593,000 | -92,745,000 |
| Dividends Paid | |||||
| Retained Profit | -346,439,000 | -52,537,000 | -53,586,000 | -374,511,000 | -92,766,000 |
| Employee Costs | 430,632,000 | 331,562,000 | 280,555,000 | 281,492,000 | 228,050,000 |
| Number Of Employees | 13,723 | 10,440 | 8,976 | 8,414 | 8,253 |
| EBITDA* | 189,041,000 | 133,776,000 | 111,682,000 | 81,223,000 | 48,418,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,552,343,000 | 1,370,440,000 | 1,152,800,000 | 1,100,328,000 | 836,408,000 |
| Intangible Assets | 1,839,709,000 | 1,505,752,000 | 1,313,064,000 | 1,249,871,000 | 1,528,012,000 |
| Investments & Other | |||||
| Debtors (Due After 1 year) | 49,100,000 | 43,622,000 | 32,625,000 | 24,531,000 | 34,480,000 |
| Total Fixed Assets | 3,392,052,000 | 2,862,293,000 | 2,454,093,000 | 2,341,678,000 | 2,352,779,000 |
| Stock & work in progress | 1,849,000 | 1,013,000 | 1,036,000 | 890,000 | 714,000 |
| Trade Debtors | 92,946,000 | 74,942,000 | 70,744,000 | 88,152,000 | 71,141,000 |
| Group Debtors | 2,073,000 | 14,805,000 | 31,258,000 | ||
| Misc Debtors | 44,383,000 | 30,366,000 | 28,563,000 | 22,005,000 | |
| Cash | 179,816,000 | 291,887,000 | 134,236,000 | 96,540,000 | 128,321,000 |
| misc current assets | 12,394,000 | 141,000 | |||
| total current assets | 325,577,000 | 429,041,000 | 268,610,000 | 188,684,000 | 223,950,000 |
| total assets | 3,717,629,000 | 3,291,334,000 | 2,722,703,000 | 2,530,362,000 | 2,576,729,000 |
| Bank overdraft | |||||
| Bank loan | 25,812,000 | 21,179,000 | 19,564,000 | ||
| Trade Creditors | 19,398,000 | 16,806,000 | 11,680,000 | 97,590,000 | 14,326,000 |
| Group/Directors Accounts | |||||
| other short term finances | 129,043,000 | 10,830,000 | |||
| hp & lease commitments | 13,542,000 | 10,733,000 | 8,837,000 | 177,000 | |
| other current liabilities | 519,593,000 | 386,574,000 | 316,338,000 | 195,559,000 | 308,890,000 |
| total current liabilities | 668,034,000 | 442,734,000 | 359,930,000 | 321,550,000 | 334,223,000 |
| loans | 8,615,606,000 | 3,143,560,000 | 2,543,888,000 | 2,435,781,000 | 1,618,933,000 |
| hp & lease commitments | 543,406,000 | 394,878,000 | 330,297,000 | ||
| Accruals and Deferred Income | 21,000 | 397,000 | |||
| other liabilities | 169,754,000 | 91,270,000 | 22,575,000 | 11,730,000 | 11,364,000 |
| provisions | 231,212,000 | 219,944,000 | 129,602,000 | 92,982,000 | 115,696,000 |
| total long term liabilities | 4,593,163,000 | 1,773,043,000 | 1,359,887,000 | 1,277,003,000 | 887,016,000 |
| total liabilities | 5,261,197,000 | 2,215,777,000 | 1,719,817,000 | 1,598,553,000 | 1,221,239,000 |
| net assets | -1,572,077,000 | 1,069,400,000 | 996,657,000 | 931,809,000 | 1,355,490,000 |
| total shareholders funds | -1,572,077,000 | 1,069,400,000 | 996,657,000 | 931,809,000 | 1,355,490,000 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 68,869,000 | -39,421,000 | 7,616,000 | -284,993,000 | -37,243,000 |
| Depreciation | 82,049,000 | 78,781,000 | 80,994,000 | 133,150,000 | 44,002,000 |
| Amortisation | 38,123,000 | 94,416,000 | 23,072,000 | 233,066,000 | 41,659,000 |
| Tax | -15,616,000 | -15,842,000 | -673,000 | -1,772,000 | -5,116,000 |
| Stock | 836,000 | -23,000 | 146,000 | 176,000 | 714,000 |
| Debtors | 24,767,000 | 545,000 | 50,507,000 | -14,943,000 | 127,626,000 |
| Creditors | 2,592,000 | 5,126,000 | -85,910,000 | 83,264,000 | 14,326,000 |
| Accruals and Deferred Income | 132,998,000 | 69,860,000 | 121,176,000 | -113,331,000 | 308,890,000 |
| Deferred Taxes & Provisions | 11,268,000 | 90,342,000 | 36,620,000 | -22,714,000 | 115,696,000 |
| Cash flow from operations | 294,680,000 | 282,740,000 | 132,242,000 | 41,437,000 | 353,874,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | -25,812,000 | 4,633,000 | 1,615,000 | 19,564,000 | |
| Group/Directors Accounts | |||||
| Other Short Term Loans | 129,043,000 | -10,830,000 | 10,830,000 | ||
| Long term loans | 5,472,046,000 | 599,672,000 | 108,107,000 | 816,848,000 | 1,618,933,000 |
| Hire Purchase and Lease Commitments | -556,948,000 | 151,337,000 | 66,477,000 | 338,957,000 | 177,000 |
| other long term liabilities | 78,484,000 | 68,695,000 | 10,845,000 | 366,000 | 11,364,000 |
| share issue | |||||
| interest | -399,741,000 | 2,084,000 | -60,603,000 | -87,828,000 | -50,386,000 |
| cash flow from financing | 2,402,034,000 | 951,701,000 | 244,875,000 | 1,027,907,000 | 3,039,174,000 |
| cash and cash equivalents | |||||
| cash | -112,071,000 | 157,651,000 | 37,696,000 | -31,781,000 | 128,321,000 |
| overdraft | |||||
| change in cash | -112,071,000 | 157,651,000 | 37,696,000 | -31,781,000 | 128,321,000 |
lernen midco 2 limited Credit Report and Business Information
Lernen Midco 2 Limited Competitor Analysis
Perform a competitor analysis for lernen midco 2 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in MK5 area or any other competitors across 12 key performance metrics.
lernen midco 2 limited Ownership
LERNEN MIDCO 2 LIMITED group structure
Lernen Midco 2 Limited has 1 subsidiary company.
lernen midco 2 limited directors
Lernen Midco 2 Limited currently has 10 directors. The longest serving directors include Mr Philippe Jacobs (Nov 2018) and Mr Nicolas Jacobs (Nov 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philippe Jacobs | 41 years | Nov 2018 | - | Director | |
| Mr Nicolas Jacobs | United Kingdom | 43 years | Nov 2018 | - | Director |
| Mr Vernon Johnson | United Kingdom | 76 years | Apr 2021 | - | Director |
| Mr Frank Maassen | United Kingdom | 59 years | Jul 2021 | - | Director |
| Mr Benjamin Sher | United Kingdom | 48 years | Jul 2021 | - | Director |
| Mr Andreas Tolpeit | United Kingdom | 36 years | Jun 2022 | - | Director |
| Mr Andreas Tolpeit | United Kingdom | 36 years | Jun 2022 | - | Director |
| Tay Karen | United Kingdom | 64 years | Feb 2023 | - | Director |
| Mr Timothy Pirrie-Franks | England | 51 years | Jun 2024 | - | Director |
| Ms Tanya Sen | United Kingdom | 33 years | Sep 2024 | - | Director |
P&L
August 2023turnover
858.3m
+38%
operating profit
68.9m
-275%
gross margin
35%
-0.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-1.6b
-2.47%
total assets
3.7b
+0.13%
cash
179.8m
-0.38%
net assets
Total assets minus all liabilities
Similar Companies
lernen midco 2 limited company details
company number
11534509
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
August 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
KPMG LLP
address
seebeck house 1 seebeck place, knowlhill, milton keynes, buckinghamshire, MK5 8FR
Bank
-
Legal Advisor
-
lernen midco 2 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 lernen midco 2 limited.
lernen midco 2 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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lernen midco 2 limited Companies House Filings - See Documents
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