stripes midco limited
stripes midco limited Company Information
Company Number
11807938
Next Accounts
Sep 2025
Shareholders
stripes topco limited
Group 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
magna house, first floor, 18-32 london road, staines-upon-thames, TW18 4BP
stripes midco limited Estimated Valuation
Pomanda estimates the enterprise value of STRIPES MIDCO LIMITED at £82.3m based on a Turnover of £25.4m and 3.24x industry multiple (adjusted for size and gross margin).
stripes midco limited Estimated Valuation
Pomanda estimates the enterprise value of STRIPES MIDCO LIMITED at £155m based on an EBITDA of £11.4m and a 13.55x industry multiple (adjusted for size and gross margin).
stripes midco limited Estimated Valuation
Pomanda estimates the enterprise value of STRIPES MIDCO LIMITED at £0 based on Net Assets of £-65.4m and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Stripes Midco Limited Overview
Stripes Midco Limited is a live company located in staines-upon-thames, TW18 4BP with a Companies House number of 11807938. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2019, it's largest shareholder is stripes topco limited with a 100% stake. Stripes Midco Limited is a young, large sized company, Pomanda has estimated its turnover at £25.4m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Stripes Midco Limited Health Check
Pomanda's financial health check has awarded Stripes Midco 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 £25.4m, make it larger than the average company (£18.9m)
£25.4m - Stripes Midco Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (10.5%)
11% - Stripes Midco Limited
10.5% - Industry AVG
Production
with a gross margin of 94.6%, this company has a lower cost of product (36.3%)
94.6% - Stripes Midco Limited
36.3% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (4.5%)
0.7% - Stripes Midco Limited
4.5% - Industry AVG
Employees
with 151 employees, this is above the industry average (104)
151 - Stripes Midco Limited
104 - Industry AVG
Pay Structure
on an average salary of £71.8k, the company has a higher pay structure (£44.7k)
£71.8k - Stripes Midco Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £168k, this is equally as efficient (£191k)
£168k - Stripes Midco Limited
£191k - Industry AVG
Debtor Days
it gets paid by customers after 85 days, this is later than average (45 days)
85 days - Stripes Midco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 820 days, this is slower than average (44 days)
820 days - Stripes Midco Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Stripes Midco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (14 weeks)
15 weeks - Stripes Midco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 139.9%, this is a higher level of debt than the average (69.7%)
139.9% - Stripes Midco Limited
69.7% - Industry AVG
STRIPES MIDCO LIMITED financials
Stripes Midco Limited's latest turnover from December 2023 is £25.4 million and the company has net assets of -£65.4 million. According to their latest financial statements, Stripes Midco Limited has 151 employees and maintains cash reserves of £7.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 25,375,000 | 22,299,000 | 21,622,000 | 18,476,000 | 13,222,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | 1,373,000 | 1,402,000 | 1,016,000 | 569,000 | 543,000 |
| Gross Profit | 24,002,000 | 20,897,000 | 20,606,000 | 17,907,000 | 12,679,000 |
| Admin Expenses | 23,822,000 | 19,276,000 | 18,719,000 | 15,014,000 | 13,996,000 |
| Operating Profit | 180,000 | 1,621,000 | 1,887,000 | 2,893,000 | -1,317,000 |
| Interest Payable | 19,529,000 | 15,818,000 | 14,073,000 | 19,719,000 | 2,767,000 |
| Interest Receivable | 489,000 | 700,000 | |||
| Pre-Tax Profit | -18,860,000 | -13,497,000 | -12,186,000 | -16,826,000 | -4,084,000 |
| Tax | 760,000 | 1,035,000 | -1,656,000 | -760,000 | 913,000 |
| Profit After Tax | -18,100,000 | -12,462,000 | -13,842,000 | -17,586,000 | -3,171,000 |
| Dividends Paid | |||||
| Retained Profit | -18,137,000 | -12,462,000 | -13,842,000 | -17,586,000 | -3,171,000 |
| Employee Costs | 10,836,000 | 10,012,000 | 10,961,000 | 10,029,000 | 5,568,000 |
| Number Of Employees | 151 | 124 | 121 | 103 | 94 |
| EBITDA* | 11,438,000 | 11,086,000 | 9,733,000 | 9,225,000 | 2,121,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 11,762,000 | 10,378,000 | 5,926,000 | 3,293,000 | 2,528,000 |
| Intangible Assets | 133,907,000 | 126,659,000 | 127,022,000 | 128,498,000 | 127,613,000 |
| Investments & Other | 429,000 | 933,000 | |||
| Debtors (Due After 1 year) | 5,485,000 | 4,520,000 | 2,629,000 | 1,202,000 | 1,371,000 |
| Total Fixed Assets | 140,184,000 | 132,517,000 | 130,319,000 | 130,589,000 | 130,141,000 |
| Stock & work in progress | |||||
| Trade Debtors | 5,949,000 | 5,197,000 | 4,933,000 | 3,317,000 | 3,071,000 |
| Group Debtors | |||||
| Misc Debtors | 4,285,000 | 2,309,000 | 2,314,000 | 2,005,000 | 1,194,000 |
| Cash | 7,474,000 | 4,711,000 | 7,016,000 | 9,690,000 | 4,930,000 |
| misc current assets | |||||
| total current assets | 17,708,000 | 12,423,000 | 14,263,000 | 15,012,000 | 9,195,000 |
| total assets | 157,892,000 | 144,940,000 | 144,582,000 | 145,601,000 | 139,336,000 |
| Bank overdraft | |||||
| Bank loan | 248,000 | ||||
| Trade Creditors | 3,088,000 | 1,516,000 | 1,800,000 | 2,095,000 | 300,000 |
| Group/Directors Accounts | |||||
| other short term finances | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | |
| hp & lease commitments | 193,000 | 81,000 | 180,000 | 54,000 | 200,000 |
| other current liabilities | 18,294,000 | 16,803,000 | 14,772,000 | 13,906,000 | 12,138,000 |
| total current liabilities | 24,575,000 | 21,400,000 | 19,752,000 | 19,055,000 | 12,886,000 |
| loans | 240,224,000 | 319,048,000 | 199,246,000 | 189,439,000 | 170,215,000 |
| hp & lease commitments | 469,000 | 480,000 | 744,000 | 850,000 | 1,088,000 |
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | 23,962,000 | 22,508,000 | 22,026,000 | 17,452,000 | 17,636,000 |
| total long term liabilities | 196,367,000 | 170,778,000 | 159,515,000 | 147,315,000 | 129,643,000 |
| total liabilities | 220,942,000 | 192,178,000 | 179,267,000 | 166,370,000 | 142,529,000 |
| net assets | -65,404,000 | -47,238,000 | -34,685,000 | -20,769,000 | -3,193,000 |
| total shareholders funds | -65,404,000 | -47,238,000 | -34,685,000 | -20,769,000 | -3,193,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 180,000 | 1,621,000 | 1,887,000 | 2,893,000 | -1,317,000 |
| Depreciation | 171,000 | 104,000 | 261,000 | 301,000 | 221,000 |
| Amortisation | 11,087,000 | 9,361,000 | 7,585,000 | 6,031,000 | 3,217,000 |
| Tax | 760,000 | 1,035,000 | -1,656,000 | -760,000 | 913,000 |
| Stock | |||||
| Debtors | 3,693,000 | 2,150,000 | 3,352,000 | 888,000 | 5,636,000 |
| Creditors | 1,572,000 | -284,000 | -295,000 | 1,795,000 | 300,000 |
| Accruals and Deferred Income | 1,491,000 | 2,031,000 | 866,000 | 1,768,000 | 12,138,000 |
| Deferred Taxes & Provisions | 1,454,000 | 482,000 | 4,574,000 | -184,000 | 17,636,000 |
| Cash flow from operations | 13,022,000 | 12,200,000 | 9,870,000 | 10,956,000 | 27,472,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -504,000 | 933,000 | |||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | -248,000 | 248,000 | |||
| Group/Directors Accounts | |||||
| Other Short Term Loans | 3,000,000 | ||||
| Long term loans | -78,824,000 | 119,802,000 | 9,807,000 | 19,224,000 | 170,215,000 |
| Hire Purchase and Lease Commitments | 101,000 | -363,000 | 20,000 | -384,000 | 1,288,000 |
| other long term liabilities | |||||
| share issue | |||||
| interest | -19,040,000 | -15,118,000 | -14,073,000 | -19,719,000 | -2,767,000 |
| cash flow from financing | -97,792,000 | 104,230,000 | -4,320,000 | 1,883,000 | 168,962,000 |
| cash and cash equivalents | |||||
| cash | 2,763,000 | -2,305,000 | -2,674,000 | 4,760,000 | 4,930,000 |
| overdraft | |||||
| change in cash | 2,763,000 | -2,305,000 | -2,674,000 | 4,760,000 | 4,930,000 |
stripes midco limited Credit Report and Business Information
Stripes Midco Limited Competitor Analysis
Perform a competitor analysis for stripes midco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in TW18 area or any other competitors across 12 key performance metrics.
stripes midco limited Ownership
STRIPES MIDCO LIMITED group structure
Stripes Midco Limited has 1 subsidiary company.
Ultimate parent company
BOWMARK CAPITAL LLP
#0129498
STRIPES TOPCO LTD
#0116246
2 parents
STRIPES MIDCO LIMITED
11807938
1 subsidiary
stripes midco limited directors
Stripes Midco Limited currently has 8 directors. The longest serving directors include Mr Gavin Lyons (Feb 2019) and Mr Simon Adcock (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gavin Lyons | England | 47 years | Feb 2019 | - | Director |
| Mr Simon Adcock | United Kingdom | 49 years | May 2019 | - | Director |
| Mr Peter Johnston | England | 61 years | Nov 2019 | - | Director |
| Mr Bruce Martin | England | 42 years | Sep 2021 | - | Director |
| Mr Julian Masters | United Kingdom | 51 years | Feb 2022 | - | Director |
| Mr Simon Kaufman | 38 years | Feb 2022 | - | Director | |
| Mr Julian Masters | United Kingdom | 51 years | Feb 2022 | - | Director |
| Mr Thomas Maycock | England | 36 years | May 2024 | - | Director |
P&L
December 2023turnover
25.4m
+14%
operating profit
180k
-89%
gross margin
94.6%
+0.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-65.4m
+0.38%
total assets
157.9m
+0.09%
cash
7.5m
+0.59%
net assets
Total assets minus all liabilities
stripes midco limited company details
company number
11807938
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
February 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
CROWE U.K. LLP
address
magna house, first floor, 18-32 london road, staines-upon-thames, TW18 4BP
Bank
-
Legal Advisor
-
stripes 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 did not find charges/mortgages relating to stripes midco limited.
stripes 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.
Click to start generating capital raising & share issue transactions for STRIPES MIDCO LIMITED. This can take several minutes, an email will notify you when this has completed.
stripes midco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
