bayton midco limited
bayton midco limited Company Information
Company Number
12011922
Website
-Registered Address
c/o rubicon partners, 8-12 york gate, london, NW1 4QG
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
bayton topco limited 100%
bayton midco limited Estimated Valuation
Pomanda estimates the enterprise value of BAYTON MIDCO LIMITED at £33.5m based on a Turnover of £18m and 1.86x industry multiple (adjusted for size and gross margin).
bayton midco limited Estimated Valuation
Pomanda estimates the enterprise value of BAYTON MIDCO LIMITED at £16.9m based on an EBITDA of £2.4m and a 7.05x industry multiple (adjusted for size and gross margin).
bayton midco limited Estimated Valuation
Pomanda estimates the enterprise value of BAYTON MIDCO LIMITED at £13.5m based on Net Assets of £7.9m and 1.71x industry multiple (adjusted for liquidity).
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Bayton Midco Limited Overview
Bayton Midco Limited is a live company located in london, NW1 4QG with a Companies House number of 12011922. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in May 2019, it's largest shareholder is bayton topco limited with a 100% stake. Bayton Midco Limited is a young, mid sized company, Pomanda has estimated its turnover at £18m with high growth in recent years.
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Bayton Midco Limited Health Check
Pomanda's financial health check has awarded Bayton Midco Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
3 Weak
Size
annual sales of £18m, make it in line with the average company (£18.1m)
£18m - Bayton Midco Limited
£18.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (6.6%)
23% - Bayton Midco Limited
6.6% - Industry AVG
Production
with a gross margin of 36.4%, this company has a comparable cost of product (36.1%)
36.4% - Bayton Midco Limited
36.1% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (5.1%)
-0.2% - Bayton Midco Limited
5.1% - Industry AVG
Employees
with 156 employees, this is above the industry average (106)
156 - Bayton Midco Limited
106 - Industry AVG
Pay Structure
on an average salary of £34.9k, the company has an equivalent pay structure (£42k)
£34.9k - Bayton Midco Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £115.4k, this is less efficient (£178.6k)
£115.4k - Bayton Midco Limited
£178.6k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is near the average (47 days)
47 days - Bayton Midco Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (48 days)
79 days - Bayton Midco Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 92 days, this is more than average (42 days)
92 days - Bayton Midco Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (16 weeks)
25 weeks - Bayton Midco Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.8%, this is a similar level of debt than the average (69.9%)
69.8% - Bayton Midco Limited
69.9% - Industry AVG
BAYTON MIDCO LIMITED financials
Bayton Midco Limited's latest turnover from December 2022 is £18 million and the company has net assets of £7.9 million. According to their latest financial statements, Bayton Midco Limited has 156 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Turnover | 18,009,000 | 14,297,000 | 11,549,000 | 9,717,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 11,456,000 | 9,036,000 | 7,289,000 | 6,229,000 |
| Gross Profit | 6,553,000 | 5,261,000 | 4,260,000 | 3,488,000 |
| Admin Expenses | 6,595,000 | 6,151,000 | 5,903,000 | 4,965,000 |
| Operating Profit | -42,000 | -890,000 | -1,643,000 | -1,477,000 |
| Interest Payable | 1,178,000 | 970,000 | 1,032,000 | 661,000 |
| Interest Receivable | 0 | 0 | 0 | 4,000 |
| Pre-Tax Profit | -1,220,000 | -1,860,000 | -2,675,000 | -2,134,000 |
| Tax | -273,000 | 181,000 | 190,000 | -302,000 |
| Profit After Tax | -1,493,000 | -1,679,000 | -2,485,000 | -2,436,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -1,493,000 | -1,679,000 | -2,485,000 | -2,436,000 |
| Employee Costs | 5,451,000 | 4,677,000 | 4,617,000 | 3,528,000 |
| Number Of Employees | 156 | 138 | 165 | 199 |
| EBITDA* | 2,403,000 | 1,838,000 | 1,201,000 | -80,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Tangible Assets | 5,463,000 | 4,490,000 | 5,015,000 | 5,974,000 |
| Intangible Assets | 11,860,000 | 13,618,000 | 15,434,000 | 17,105,000 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 17,323,000 | 18,108,000 | 20,449,000 | 23,079,000 |
| Stock & work in progress | 2,902,000 | 1,805,000 | 1,591,000 | 1,917,000 |
| Trade Debtors | 2,365,000 | 1,988,000 | 1,614,000 | 3,642,000 |
| Group Debtors | 200,000 | 200,000 | 200,000 | 0 |
| Misc Debtors | 533,000 | 505,000 | 263,000 | 324,000 |
| Cash | 2,758,000 | 4,226,000 | 6,161,000 | 1,446,000 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 8,758,000 | 8,724,000 | 9,829,000 | 7,329,000 |
| total assets | 26,081,000 | 26,832,000 | 30,278,000 | 30,408,000 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 1,007,000 | 980,000 | 955,000 | 826,000 |
| Trade Creditors | 2,489,000 | 1,225,000 | 894,000 | 1,296,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 865,000 | 860,000 | 0 | 0 |
| hp & lease commitments | 156,000 | 259,000 | 426,000 | 553,000 |
| other current liabilities | 1,030,000 | 667,000 | 1,365,000 | 1,570,000 |
| total current liabilities | 5,547,000 | 3,991,000 | 3,640,000 | 4,245,000 |
| loans | 11,853,000 | 13,725,000 | 15,548,000 | 12,177,000 |
| hp & lease commitments | 164,000 | 239,000 | 498,000 | 924,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 633,000 | 417,000 | 453,000 | 498,000 |
| total long term liabilities | 12,650,000 | 14,381,000 | 16,499,000 | 13,599,000 |
| total liabilities | 18,197,000 | 18,372,000 | 20,139,000 | 17,844,000 |
| net assets | 7,884,000 | 8,460,000 | 10,139,000 | 12,564,000 |
| total shareholders funds | 7,884,000 | 8,460,000 | 10,139,000 | 12,564,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -42,000 | -890,000 | -1,643,000 | -1,477,000 |
| Depreciation | 624,000 | 912,000 | 1,028,000 | 497,000 |
| Amortisation | 1,821,000 | 1,816,000 | 1,816,000 | 900,000 |
| Tax | -273,000 | 181,000 | 190,000 | -302,000 |
| Stock | 1,097,000 | 214,000 | -326,000 | 1,917,000 |
| Debtors | 405,000 | 616,000 | -1,889,000 | 3,966,000 |
| Creditors | 1,264,000 | 331,000 | -402,000 | 1,296,000 |
| Accruals and Deferred Income | 363,000 | -698,000 | -205,000 | 1,570,000 |
| Deferred Taxes & Provisions | 216,000 | -36,000 | -45,000 | 498,000 |
| Cash flow from operations | 2,471,000 | 786,000 | 2,954,000 | -2,901,000 |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 |
| Financing Activities | ||||
| Bank loans | 27,000 | 25,000 | 129,000 | 826,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 5,000 | 860,000 | 0 | 0 |
| Long term loans | -1,872,000 | -1,823,000 | 3,371,000 | 12,177,000 |
| Hire Purchase and Lease Commitments | -178,000 | -426,000 | -553,000 | 1,477,000 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -1,178,000 | -970,000 | -1,032,000 | -657,000 |
| cash flow from financing | -2,279,000 | -2,334,000 | 1,975,000 | 28,823,000 |
| cash and cash equivalents | ||||
| cash | -1,468,000 | -1,935,000 | 4,715,000 | 1,446,000 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -1,468,000 | -1,935,000 | 4,715,000 | 1,446,000 |
bayton midco limited Credit Report and Business Information
Bayton Midco Limited Competitor Analysis
Perform a competitor analysis for bayton midco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
bayton midco limited Ownership
BAYTON MIDCO LIMITED group structure
Bayton Midco Limited has 1 subsidiary company.
Ultimate parent company
RUBICON PARTNERS V SCSP
#0151704
2 parents
BAYTON MIDCO LIMITED
12011922
1 subsidiary
bayton midco limited directors
Bayton Midco Limited currently has 2 directors. The longest serving directors include Mr Andrew Fischer (May 2019) and Mrs Maria Perez Corral (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Fischer | England | 59 years | May 2019 | - | Director |
| Mrs Maria Perez Corral | England | 43 years | Oct 2020 | - | Director |
P&L
December 2022turnover
18m
+26%
operating profit
-42k
-95%
gross margin
36.4%
-1.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
7.9m
-0.07%
total assets
26.1m
-0.03%
cash
2.8m
-0.35%
net assets
Total assets minus all liabilities
Similar Companies
bayton midco limited company details
company number
12011922
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 2019
age
5
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
c/o rubicon partners, 8-12 york gate, london, NW1 4QG
last accounts submitted
December 2022
bayton 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 bayton midco limited. Currently there are 2 open charges and 0 have been satisfied in the past.
bayton midco limited Companies House Filings - See Documents
| date | description | view/download |
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