koru bidco limited
koru bidco limited Company Information
Company Number
12355185
Website
-Registered Address
unit 7, interchange 25 business park, nottingham, NG10 5QG
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
koru midco 2 limited 100%
koru bidco limited Estimated Valuation
Pomanda estimates the enterprise value of KORU BIDCO LIMITED at £3.8k based on a Turnover of £3.8k and 0.99x industry multiple (adjusted for size and gross margin).
koru bidco limited Estimated Valuation
Pomanda estimates the enterprise value of KORU BIDCO LIMITED at £0 based on an EBITDA of £-1.4m and a 3.77x industry multiple (adjusted for size and gross margin).
koru bidco limited Estimated Valuation
Pomanda estimates the enterprise value of KORU BIDCO LIMITED at £0 based on Net Assets of £-7m and 1.71x industry multiple (adjusted for liquidity).
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Koru Bidco Limited Overview
Koru Bidco Limited is a live company located in nottingham, NG10 5QG with a Companies House number of 12355185. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2019, it's largest shareholder is koru midco 2 limited with a 100% stake. Koru Bidco Limited is a young, micro sized company, Pomanda has estimated its turnover at £3.8k with unknown growth in recent years.
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Koru Bidco Limited Health Check
Pomanda's financial health check has awarded Koru Bidco Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £3.8k, make it smaller than the average company (£18.1m)
- Koru Bidco Limited
£18.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Koru Bidco Limited
- - Industry AVG
Production
with a gross margin of 21%, this company has a higher cost of product (36.1%)
- Koru Bidco Limited
36.1% - Industry AVG
Profitability
an operating margin of -36589.4% make it less profitable than the average company (5.1%)
- Koru Bidco Limited
5.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (106)
- Koru Bidco Limited
106 - Industry AVG
Pay Structure
on an average salary of £42k, the company has an equivalent pay structure (£42k)
- Koru Bidco Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £3.8k, this is less efficient (£178.6k)
- Koru Bidco Limited
£178.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Koru Bidco Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 164 days, this is slower than average (48 days)
- Koru Bidco Limited
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Koru Bidco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Koru Bidco Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 119%, this is a higher level of debt than the average (69.9%)
119% - Koru Bidco Limited
69.9% - Industry AVG
KORU BIDCO LIMITED financials
Koru Bidco Limited's latest turnover from December 2022 is estimated at £3.8 thousand and the company has net assets of -£7 million. According to their latest financial statements, we estimate that Koru Bidco Limited has 1 employee and maintains cash reserves of £5.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Turnover | 185,533 | 166,002 | |
| Other Income Or Grants | 0 | 0 | |
| Cost Of Sales | 0 | 0 | |
| Gross Profit | 185,533 | 166,002 | |
| Admin Expenses | 2,600,350 | 1,018,600 | |
| Operating Profit | -2,414,817 | -852,598 | |
| Interest Payable | 632,842 | 30,253 | |
| Interest Receivable | 0 | 0 | |
| Pre-Tax Profit | -3,047,659 | -882,851 | |
| Tax | 0 | 0 | |
| Profit After Tax | -3,047,659 | -882,851 | |
| Dividends Paid | 0 | 0 | |
| Retained Profit | -3,047,659 | -882,851 | |
| Employee Costs | 0 | 0 | |
| Number Of Employees | 4 | ||
| EBITDA* | -2,414,817 | -852,598 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 23,447,165 | 23,449,521 | 23,449,521 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 23,447,165 | 23,449,521 | 23,449,521 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 |
| Group Debtors | 13,554,465 | 7,004,366 | 0 |
| Misc Debtors | 27,658 | 3,610 | 65,005 |
| Cash | 5,110 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 13,587,233 | 7,007,976 | 65,005 |
| total assets | 37,034,398 | 30,457,497 | 23,514,526 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 1,357 | 0 | 161,762 |
| Group/Directors Accounts | 7,689,660 | 32,846,056 | 22,834,676 |
| other short term finances | 330,061 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 127,967 | 1,541,166 | 310,053 |
| total current liabilities | 8,149,045 | 34,387,222 | 23,306,491 |
| loans | 35,930,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 1,090,101 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 35,930,000 | 0 | 1,090,101 |
| total liabilities | 44,079,045 | 34,387,222 | 24,396,592 |
| net assets | -7,044,647 | -3,929,725 | -882,066 |
| total shareholders funds | -7,044,647 | -3,929,725 | -882,066 |
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -2,414,817 | -852,598 | |
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | 0 | 0 | |
| Stock | 0 | 0 | 0 |
| Debtors | 6,574,147 | 6,942,971 | 65,005 |
| Creditors | 1,357 | -161,762 | 161,762 |
| Accruals and Deferred Income | -1,413,199 | 141,012 | 1,400,154 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | -9,378,538 | 644,313 | |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | -2,356 | 0 | 23,449,521 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | -25,156,396 | 10,011,380 | 22,834,676 |
| Other Short Term Loans | 330,061 | 0 | 0 |
| Long term loans | 35,930,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | -632,842 | -30,253 | |
| cash flow from financing | 9,378,538 | 22,805,208 | |
| cash and cash equivalents | |||
| cash | 5,110 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 5,110 | 0 | 0 |
koru bidco limited Credit Report and Business Information
Koru Bidco Limited Competitor Analysis
Perform a competitor analysis for koru bidco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
koru bidco limited Ownership
KORU BIDCO LIMITED group structure
Koru Bidco Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
KORU BIDCO LIMITED
12355185
2 subsidiaries
koru bidco limited directors
Koru Bidco Limited currently has 5 directors. The longest serving directors include Mr James Healey (Jan 2020) and Mr James Steventon (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Healey | United Kingdom | 40 years | Jan 2020 | - | Director |
| Mr James Steventon | England | 56 years | Mar 2022 | - | Director |
| Mr James Steventon | England | 56 years | Mar 2022 | - | Director |
| Mr Spencer Lea | United Kingdom | 52 years | Dec 2023 | - | Director |
| Mr Mark Lovett | England | 50 years | Apr 2024 | - | Director |
P&L
December 2022turnover
3.8k
-98%
operating profit
-1.4m
0%
gross margin
21%
-79.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-7m
+0.79%
total assets
37m
+0.22%
cash
5.1k
0%
net assets
Total assets minus all liabilities
Similar Companies
koru bidco limited company details
company number
12355185
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
December 2019
age
5
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 7, interchange 25 business park, nottingham, NG10 5QG
last accounts submitted
December 2022
koru bidco 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 koru bidco limited. Currently there are 2 open charges and 0 have been satisfied in the past.
koru bidco limited Companies House Filings - See Documents
| date | description | view/download |
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