lex midco 1 limited
lex midco 1 limited Company Information
Company Number
11568316
Website
leo.co.ukRegistered Address
30 finsbury square, london, EC2A 1AG
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
1131 days late
Group Structure
View All
Shareholders
argyll partners limited 100%
lex midco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of LEX MIDCO 1 LIMITED at £367m based on a Turnover of £127.8m and 2.87x industry multiple (adjusted for size and gross margin).
lex midco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of LEX MIDCO 1 LIMITED at £261.1m based on an EBITDA of £23.7m and a 11x industry multiple (adjusted for size and gross margin).
lex midco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of LEX MIDCO 1 LIMITED at £0 based on Net Assets of £-24.3m and 1.86x industry multiple (adjusted for liquidity).
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Lex Midco 1 Limited Overview
Lex Midco 1 Limited is a live company located in london, EC2A 1AG with a Companies House number of 11568316. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2018, it's largest shareholder is argyll partners limited with a 100% stake. Lex Midco 1 Limited is a young, mega sized company, Pomanda has estimated its turnover at £127.8m with unknown growth in recent years.
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Lex Midco 1 Limited Health Check
Pomanda's financial health check has awarded Lex Midco 1 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £127.8m, make it larger than the average company (£15.7m)
£127.8m - Lex Midco 1 Limited
£15.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Lex Midco 1 Limited
- - Industry AVG
Production
with a gross margin of 41.6%, this company has a comparable cost of product (34.7%)
41.6% - Lex Midco 1 Limited
34.7% - Industry AVG
Profitability
an operating margin of 7.6% make it more profitable than the average company (4.6%)
7.6% - Lex Midco 1 Limited
4.6% - Industry AVG
Employees
with 279 employees, this is above the industry average (111)
279 - Lex Midco 1 Limited
111 - Industry AVG
Pay Structure
on an average salary of £50.6k, the company has a higher pay structure (£37.7k)
£50.6k - Lex Midco 1 Limited
£37.7k - Industry AVG
Efficiency
resulting in sales per employee of £458k, this is more efficient (£154.4k)
£458k - Lex Midco 1 Limited
£154.4k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is earlier than average (47 days)
32 days - Lex Midco 1 Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (47 days)
9 days - Lex Midco 1 Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lex Midco 1 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Lex Midco 1 Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 104.7%, this is a higher level of debt than the average (71.2%)
104.7% - Lex Midco 1 Limited
71.2% - Industry AVG
LEX MIDCO 1 LIMITED financials
Lex Midco 1 Limited's latest turnover from December 2019 is £127.8 million and the company has net assets of -£24.3 million. According to their latest financial statements, Lex Midco 1 Limited has 279 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | |
|---|---|
| Turnover | 127,779,090 |
| Other Income Or Grants | 0 |
| Cost Of Sales | 74,686,895 |
| Gross Profit | 53,092,195 |
| Admin Expenses | 43,407,084 |
| Operating Profit | 9,685,111 |
| Interest Payable | 31,199,007 |
| Interest Receivable | 231,757 |
| Pre-Tax Profit | -21,282,139 |
| Tax | -3,013,016 |
| Profit After Tax | -24,295,155 |
| Dividends Paid | 0 |
| Retained Profit | -24,295,155 |
| Employee Costs | 14,112,163 |
| Number Of Employees | 279 |
| EBITDA* | 23,746,350 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | |
|---|---|
| Tangible Assets | 46,047,813 |
| Intangible Assets | 42,319,043 |
| Investments & Other | 387,556,659 |
| Debtors (Due After 1 year) | 7,482,220 |
| Total Fixed Assets | 483,405,735 |
| Stock & work in progress | 0 |
| Trade Debtors | 11,235,506 |
| Group Debtors | 23,720 |
| Misc Debtors | 18,094,300 |
| Cash | 5,602,347 |
| misc current assets | 0 |
| total current assets | 34,955,873 |
| total assets | 518,361,608 |
| Bank overdraft | 0 |
| Bank loan | 4,499,502 |
| Trade Creditors | 1,917,628 |
| Group/Directors Accounts | 142,836,560 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 74,302,970 |
| total current liabilities | 223,556,660 |
| loans | 273,571,719 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 41,766,503 |
| provisions | 3,761,871 |
| total long term liabilities | 319,100,093 |
| total liabilities | 542,656,753 |
| net assets | -24,295,145 |
| total shareholders funds | -24,295,145 |
| Dec 2019 | |
|---|---|
| Operating Activities | |
| Operating Profit | 9,685,111 |
| Depreciation | 8,059,452 |
| Amortisation | 6,001,787 |
| Tax | -3,013,016 |
| Stock | 0 |
| Debtors | 36,835,746 |
| Creditors | 1,917,628 |
| Accruals and Deferred Income | 74,302,970 |
| Deferred Taxes & Provisions | 3,761,871 |
| Cash flow from operations | 63,880,057 |
| Investing Activities | |
| capital expenditure | -406,792,053 |
| Change in Investments | 387,556,659 |
| cash flow from investments | -794,348,712 |
| Financing Activities | |
| Bank loans | 4,499,502 |
| Group/Directors Accounts | 142,836,560 |
| Other Short Term Loans | 0 |
| Long term loans | 273,571,719 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 41,766,503 |
| share issue | |
| interest | -30,967,250 |
| cash flow from financing | 431,707,044 |
| cash and cash equivalents | |
| cash | 5,602,347 |
| overdraft | 0 |
| change in cash | 5,602,347 |
lex midco 1 limited Credit Report and Business Information
Lex Midco 1 Limited Competitor Analysis
Perform a competitor analysis for lex midco 1 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC2A area or any other competitors across 12 key performance metrics.
lex midco 1 limited Ownership
LEX MIDCO 1 LIMITED group structure
Lex Midco 1 Limited has 1 subsidiary company.
Ultimate parent company
ARGYLL PARTNERS LTD
#0154907
1 parent
LEX MIDCO 1 LIMITED
11568316
1 subsidiary
lex midco 1 limited directors
Lex Midco 1 Limited currently has 3 directors. The longest serving directors include Mr William Starn (Oct 2018) and Mr Simon Samuels (Jul 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Starn | 58 years | Oct 2018 | - | Director | |
| Mr Simon Samuels | 52 years | Jul 2021 | - | Director | |
| Mr Simon Samuels | 52 years | Jul 2021 | - | Director |
P&L
December 2019turnover
127.8m
0%
operating profit
9.7m
0%
gross margin
41.6%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
-24.3m
0%
total assets
518.4m
0%
cash
5.6m
0%
net assets
Total assets minus all liabilities
lex midco 1 limited company details
company number
11568316
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
September 2018
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2019
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
30 finsbury square, london, EC2A 1AG
Bank
-
Legal Advisor
-
lex midco 1 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 lex midco 1 limited. Currently there are 0 open charges and 2 have been satisfied in the past.
lex midco 1 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
