greenhouse midco limited
greenhouse midco limited Company Information
Company Number
12223821
Next Accounts
Sep 2025
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Shareholders
greenhouse singco pte. ltd.
Group Structure
View All
Contact
Registered Address
5th floor 62 - 64 cornhill, london, EC3V 3NH
Website
gbrailfreight.comgreenhouse midco limited Estimated Valuation
Pomanda estimates the enterprise value of GREENHOUSE MIDCO LIMITED at £444.2m based on a Turnover of £309m and 1.44x industry multiple (adjusted for size and gross margin).
greenhouse midco limited Estimated Valuation
Pomanda estimates the enterprise value of GREENHOUSE MIDCO LIMITED at £467.4m based on an EBITDA of £83.7m and a 5.58x industry multiple (adjusted for size and gross margin).
greenhouse midco limited Estimated Valuation
Pomanda estimates the enterprise value of GREENHOUSE MIDCO LIMITED at £40m based on Net Assets of £30.5m and 1.31x industry multiple (adjusted for liquidity).
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Greenhouse Midco Limited Overview
Greenhouse Midco Limited is a live company located in london, EC3V 3NH with a Companies House number of 12223821. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2019, it's largest shareholder is greenhouse singco pte. ltd. with a 100% stake. Greenhouse Midco Limited is a young, mega sized company, Pomanda has estimated its turnover at £309m with healthy growth in recent years.
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Greenhouse Midco Limited Health Check
Pomanda's financial health check has awarded Greenhouse Midco Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £309m, make it larger than the average company (£19m)
£309m - Greenhouse Midco Limited
£19m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (10.6%)
9% - Greenhouse Midco Limited
10.6% - Industry AVG
Production
with a gross margin of 4.7%, this company has a higher cost of product (36.3%)
4.7% - Greenhouse Midco Limited
36.3% - Industry AVG
Profitability
an operating margin of 8.4% make it more profitable than the average company (4.6%)
8.4% - Greenhouse Midco Limited
4.6% - Industry AVG
Employees
with 1377 employees, this is above the industry average (105)
1377 - Greenhouse Midco Limited
105 - Industry AVG
Pay Structure
on an average salary of £71.7k, the company has a higher pay structure (£44.7k)
£71.7k - Greenhouse Midco Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £224.4k, this is more efficient (£191.8k)
£224.4k - Greenhouse Midco Limited
£191.8k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (45 days)
65 days - Greenhouse Midco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (44 days)
33 days - Greenhouse Midco Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (40 days)
7 days - Greenhouse Midco Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)
3 weeks - Greenhouse Midco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.3%, this is a higher level of debt than the average (69.5%)
96.3% - Greenhouse Midco Limited
69.5% - Industry AVG
GREENHOUSE MIDCO LIMITED financials
Greenhouse Midco Limited's latest turnover from December 2023 is £309 million and the company has net assets of £30.5 million. According to their latest financial statements, Greenhouse Midco Limited has 1,377 employees and maintains cash reserves of £6.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 308,967,000 | 269,951,000 | 227,535,000 | 237,949,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 294,615,000 | 259,956,000 | 223,133,000 | 237,528,000 |
| Gross Profit | 14,352,000 | 9,995,000 | 4,402,000 | 421,000 |
| Admin Expenses | -11,613,000 | -6,849,000 | -6,370,000 | -8,656,000 |
| Operating Profit | 25,965,000 | 16,844,000 | 10,772,000 | 9,077,000 |
| Interest Payable | 51,090,000 | 40,938,000 | 38,387,000 | 41,756,000 |
| Interest Receivable | 5,210,000 | 0 | 0 | 0 |
| Pre-Tax Profit | -19,937,000 | -24,058,000 | -27,620,000 | -39,800,000 |
| Tax | 4,418,000 | 7,040,000 | 2,494,000 | 7,413,000 |
| Profit After Tax | -15,519,000 | -17,018,000 | -25,126,000 | -32,387,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -15,519,000 | -17,018,000 | -25,126,000 | -32,387,000 |
| Employee Costs | 98,759,000 | 83,986,000 | 72,016,000 | 74,916,000 |
| Number Of Employees | 1,377 | 1,215 | 1,012 | 926 |
| EBITDA* | 83,702,000 | 71,088,000 | 60,035,000 | 61,134,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 174,666,000 | 409,674,000 | 326,230,000 | 255,521,000 |
| Intangible Assets | 547,976,000 | 343,413,000 | 348,753,000 | 354,301,000 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 42,892,000 | 39,329,000 | 24,283,000 | 12,957,000 |
| Total Fixed Assets | 722,642,000 | 713,758,000 | 650,700,000 | 599,311,000 |
| Stock & work in progress | 5,857,000 | 5,452,000 | 4,981,000 | 5,229,000 |
| Trade Debtors | 55,585,000 | 47,950,000 | 31,431,000 | 29,638,000 |
| Group Debtors | 105,000 | 137,000 | 0 | 24,000 |
| Misc Debtors | 32,259,000 | 18,016,000 | 18,955,000 | 13,881,000 |
| Cash | 6,389,000 | 8,025,000 | 14,177,000 | 5,417,000 |
| misc current assets | 10,021,000 | 15,172,000 | 753,000 | 297,000 |
| total current assets | 110,216,000 | 94,752,000 | 70,829,000 | 56,955,000 |
| total assets | 832,858,000 | 808,510,000 | 721,529,000 | 656,266,000 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 26,963,000 | 18,899,000 | 10,693,000 | 16,644,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 4,501,000 | 1,499,000 | 0 | 98,585,000 |
| hp & lease commitments | 37,047,000 | 35,831,000 | 31,713,000 | 25,841,000 |
| other current liabilities | 39,854,000 | 33,983,000 | 30,792,000 | 21,160,000 |
| total current liabilities | 108,365,000 | 90,212,000 | 73,198,000 | 162,230,000 |
| loans | 1,310,346,000 | 1,254,988,000 | 1,103,974,000 | 784,838,000 |
| hp & lease commitments | 195,463,000 | 201,350,000 | 158,359,000 | 125,872,000 |
| Accruals and Deferred Income | 0 | 0 | 12,761,000 | 11,546,000 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 77,726,000 | 79,738,000 | 82,778,000 | 74,928,000 |
| total long term liabilities | 694,036,000 | 667,363,000 | 606,137,000 | 441,429,000 |
| total liabilities | 802,401,000 | 757,575,000 | 679,335,000 | 603,659,000 |
| net assets | 30,457,000 | 50,935,000 | 42,194,000 | 52,607,000 |
| total shareholders funds | 30,457,000 | 50,935,000 | 42,194,000 | 52,607,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 25,965,000 | 16,844,000 | 10,772,000 | 9,077,000 |
| Depreciation | 51,966,000 | 48,314,000 | 43,095,000 | 44,768,000 |
| Amortisation | 5,771,000 | 5,930,000 | 6,168,000 | 7,289,000 |
| Tax | 4,418,000 | 7,040,000 | 2,494,000 | 7,413,000 |
| Stock | 405,000 | 471,000 | -248,000 | 5,229,000 |
| Debtors | 25,409,000 | 30,763,000 | 18,169,000 | 56,500,000 |
| Creditors | 8,064,000 | 8,206,000 | -5,951,000 | 16,644,000 |
| Accruals and Deferred Income | 5,871,000 | -9,570,000 | 10,847,000 | 32,706,000 |
| Deferred Taxes & Provisions | -2,012,000 | -3,040,000 | 7,850,000 | 74,928,000 |
| Cash flow from operations | 74,229,000 | 42,490,000 | 57,354,000 | 131,096,000 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 3,002,000 | 1,499,000 | -98,585,000 | 98,585,000 |
| Long term loans | 55,358,000 | 151,014,000 | 319,136,000 | 784,838,000 |
| Hire Purchase and Lease Commitments | -4,671,000 | 47,109,000 | 38,359,000 | 151,713,000 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -45,880,000 | -40,938,000 | -38,387,000 | -41,756,000 |
| cash flow from financing | 2,850,000 | 184,443,000 | 235,236,000 | 1,078,374,000 |
| cash and cash equivalents | ||||
| cash | -1,636,000 | -6,152,000 | 8,760,000 | 5,417,000 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -1,636,000 | -6,152,000 | 8,760,000 | 5,417,000 |
greenhouse midco limited Credit Report and Business Information
Greenhouse Midco Limited Competitor Analysis
Perform a competitor analysis for greenhouse midco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC3V area or any other competitors across 12 key performance metrics.
greenhouse midco limited Ownership
GREENHOUSE MIDCO LIMITED group structure
Greenhouse Midco Limited has 1 subsidiary company.
Ultimate parent company
GREENHOUSE SINGCO PTE LTD
#0125827
1 parent
GREENHOUSE MIDCO LIMITED
12223821
1 subsidiary
greenhouse midco limited directors
Greenhouse Midco Limited currently has 4 directors. The longest serving directors include Mr Milton Fernandes (Sep 2019) and Mr Wael Elkhouly (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Milton Fernandes | United Kingdom | 63 years | Sep 2019 | - | Director |
| Mr Wael Elkhouly | England | 57 years | Nov 2019 | - | Director |
| Mr Edward Clarke | United Kingdom | 58 years | Nov 2019 | - | Director |
| Mr James Hepburn | United Kingdom | 35 years | Jun 2021 | - | Director |
P&L
December 2023turnover
309m
+14%
operating profit
26m
+54%
gross margin
4.7%
+25.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
30.5m
-0.4%
total assets
832.9m
+0.03%
cash
6.4m
-0.2%
net assets
Total assets minus all liabilities
greenhouse midco limited company details
company number
12223821
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 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PKF LITTLEJOHN LLP
address
5th floor 62 - 64 cornhill, london, EC3V 3NH
Bank
HSBC BANK PLC
Legal Advisor
-
greenhouse 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 1 charges/mortgages relating to greenhouse midco limited. Currently there are 1 open charges and 0 have been satisfied in the past.
greenhouse 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.
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greenhouse midco limited Companies House Filings - See Documents
| date | description | view/download |
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