ox (holdco) limited
ox (holdco) limited Company Information
Company Number
12442465
Next Accounts
Dec 2025
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Shareholders
ox slp lp
dominic roland kearns
View AllGroup Structure
View All
Contact
Registered Address
first floor, 85 great portland street, london, W1W 7LT
Website
-ox (holdco) limited Estimated Valuation
Pomanda estimates the enterprise value of OX (HOLDCO) LIMITED at £27.9m based on a Turnover of £17.6m and 1.59x industry multiple (adjusted for size and gross margin).
ox (holdco) limited Estimated Valuation
Pomanda estimates the enterprise value of OX (HOLDCO) LIMITED at £0 based on an EBITDA of £-12.9m and a 6.17x industry multiple (adjusted for size and gross margin).
ox (holdco) limited Estimated Valuation
Pomanda estimates the enterprise value of OX (HOLDCO) LIMITED at £0 based on Net Assets of £-68.7m and 1.31x industry multiple (adjusted for liquidity).
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Ox (holdco) Limited Overview
Ox (holdco) Limited is a live company located in london, W1W 7LT with a Companies House number of 12442465. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2020, it's largest shareholder is ox slp lp with a 92.4% stake. Ox (holdco) Limited is a young, mid sized company, Pomanda has estimated its turnover at £17.6m with rapid growth in recent years.
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Ox (holdco) Limited Health Check
Pomanda's financial health check has awarded Ox (Holdco) 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
4 Regular
4 Weak
Size
annual sales of £17.6m, make it in line with the average company (£19.3m)
£17.6m - Ox (holdco) Limited
£19.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 141%, show it is growing at a faster rate (11.7%)
- Ox (holdco) Limited
11.7% - Industry AVG
Production
with a gross margin of 35%, this company has a comparable cost of product (34.7%)
35% - Ox (holdco) Limited
34.7% - Industry AVG
Profitability
an operating margin of -217.3% make it less profitable than the average company (4.7%)
-217.3% - Ox (holdco) Limited
4.7% - Industry AVG
Employees
with 1020 employees, this is above the industry average (105)
1020 - Ox (holdco) Limited
105 - Industry AVG
Pay Structure
on an average salary of £44.8k, the company has an equivalent pay structure (£44.5k)
£44.8k - Ox (holdco) Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £17.2k, this is less efficient (£192.3k)
£17.2k - Ox (holdco) Limited
£192.3k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is near the average (44 days)
44 days - Ox (holdco) Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 323 days, this is slower than average (43 days)
323 days - Ox (holdco) Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 442 days, this is more than average (34 days)
442 days - Ox (holdco) Limited
34 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is more cash available to meet short term requirements (14 weeks)
19 weeks - Ox (holdco) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 115.8%, this is a higher level of debt than the average (68.2%)
115.8% - Ox (holdco) Limited
68.2% - Industry AVG
OX (HOLDCO) LIMITED financials
Ox (Holdco) Limited's latest turnover from March 2024 is £17.6 million and the company has net assets of -£68.7 million. According to their latest financial statements, Ox (Holdco) Limited has 1,020 employees and maintains cash reserves of £18.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Turnover | 17,583,861 | 11,115,647 | 2,925,100 | |
| Other Income Or Grants | 0 | 0 | 0 | |
| Cost Of Sales | 11,424,018 | 7,966,056 | 2,258,470 | |
| Gross Profit | 6,159,843 | 3,149,591 | 666,630 | |
| Admin Expenses | 44,376,913 | 22,781,934 | 16,655,164 | |
| Operating Profit | -38,217,070 | -19,632,343 | -15,988,534 | |
| Interest Payable | 20,195,834 | 10,657,588 | 3,079,649 | |
| Interest Receivable | 282,227 | 6,182 | 0 | |
| Pre-Tax Profit | -58,130,677 | -30,283,749 | -19,068,183 | |
| Tax | 118,547 | -682,180 | 0 | |
| Profit After Tax | -58,012,130 | -30,965,929 | -19,068,183 | |
| Dividends Paid | 0 | 0 | 0 | |
| Retained Profit | -58,012,130 | -30,965,929 | -19,068,183 | |
| Employee Costs | 45,716,466 | 32,940,177 | 10,978,215 | 0 |
| Number Of Employees | 1,020 | 675 | 369 | 5 |
| EBITDA* | -12,899,668 | -8,526,762 | -12,448,774 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Tangible Assets | 372,182,699 | 257,786,147 | 125,224,574 | 0 |
| Intangible Assets | 15,435,799 | 15,948,400 | 16,755,813 | 0 |
| Investments & Other | 0 | 0 | 0 | 14,052,295 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 387,618,498 | 273,734,547 | 141,980,387 | 14,052,295 |
| Stock & work in progress | 13,845,628 | 17,967,172 | 8,428,125 | 0 |
| Trade Debtors | 2,125,081 | 688,885 | 3,043,821 | 0 |
| Group Debtors | 111,893 | 0 | 513 | 903,789 |
| Misc Debtors | 13,613,253 | 14,900,549 | 14,710,976 | 171,722 |
| Cash | 18,509,434 | 34,048,915 | 2,377,582 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 48,205,289 | 67,605,521 | 28,561,017 | 1,075,511 |
| total assets | 435,823,787 | 341,340,068 | 170,541,404 | 15,127,806 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 10,131,040 | 17,259,289 | 14,704,763 | 377,226 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 1,500,000 | 0 |
| hp & lease commitments | 530,973 | 332,902 | 212,554 | 0 |
| other current liabilities | 39,430,721 | 32,181,538 | 26,421,599 | 0 |
| total current liabilities | 50,092,734 | 49,773,729 | 42,838,916 | 377,226 |
| loans | 303,457,655 | 203,446,409 | 63,624,876 | 0 |
| hp & lease commitments | 239,033 | 330,910 | 347,669 | 0 |
| Accruals and Deferred Income | 150,166,912 | 108,779,110 | 62,745,093 | 0 |
| other liabilities | 0 | 0 | 2,649,234 | 0 |
| provisions | 595,288 | 555,078 | 265,355 | 0 |
| total long term liabilities | 454,458,888 | 313,111,507 | 129,632,227 | 0 |
| total liabilities | 504,551,622 | 362,885,236 | 172,471,143 | 377,226 |
| net assets | -68,727,835 | -21,545,168 | -1,929,739 | 14,750,580 |
| total shareholders funds | -68,727,835 | -21,545,168 | -1,929,739 | 14,750,580 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -38,217,070 | -19,632,343 | -15,988,534 | |
| Depreciation | 25,317,402 | 11,105,581 | 3,539,760 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | 118,547 | -682,180 | 0 | |
| Stock | -4,121,544 | 9,539,047 | 8,428,125 | 0 |
| Debtors | 260,793 | -2,165,876 | 16,679,799 | 1,075,511 |
| Creditors | -7,128,249 | 2,554,526 | 14,327,537 | 377,226 |
| Accruals and Deferred Income | 48,636,985 | 51,793,956 | 89,166,692 | 0 |
| Deferred Taxes & Provisions | 40,210 | 289,723 | 265,355 | 0 |
| Cash flow from operations | 32,628,576 | 38,056,092 | 66,202,886 | |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | |
| Change in Investments | 0 | 0 | -14,052,295 | 14,052,295 |
| cash flow from investments | 0 | 0 | 14,052,295 | |
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -1,500,000 | 1,500,000 | 0 |
| Long term loans | 100,011,246 | 139,821,533 | 63,624,876 | 0 |
| Hire Purchase and Lease Commitments | 106,194 | 103,589 | 560,223 | 0 |
| other long term liabilities | 0 | -2,649,234 | 2,649,234 | 0 |
| share issue | ||||
| interest | -19,913,607 | -10,651,406 | -3,079,649 | |
| cash flow from financing | 91,033,296 | 136,474,982 | 67,642,548 | |
| cash and cash equivalents | ||||
| cash | -15,539,481 | 31,671,333 | 2,377,582 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -15,539,481 | 31,671,333 | 2,377,582 | 0 |
ox (holdco) limited Credit Report and Business Information
Ox (holdco) Limited Competitor Analysis
Perform a competitor analysis for ox (holdco) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in W1W area or any other competitors across 12 key performance metrics.
ox (holdco) limited Ownership
OX (HOLDCO) LIMITED group structure
Ox (Holdco) Limited has 1 subsidiary company.
ox (holdco) limited directors
Ox (Holdco) Limited currently has 8 directors. The longest serving directors include Mr Thomas Crawley (Feb 2020) and Mr Andrew Matthews (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Crawley | England | 38 years | Feb 2020 | - | Director |
| Mr Andrew Matthews | United Kingdom | 62 years | Oct 2020 | - | Director |
| Mr Conal Henry | Northern Ireland | 55 years | Nov 2020 | - | Director |
| Mr Dominic Kearns | United Kingdom | 39 years | Nov 2020 | - | Director |
| Mr Dominic Kearns | United Kingdom | 39 years | Nov 2020 | - | Director |
| Mr Conal Henry | Northern Ireland | 55 years | Nov 2020 | - | Director |
| Mr Lee Crossingham | Northern Ireland | 37 years | Feb 2022 | - | Director |
| Mr Savvas Karatapanis | United Kingdom | 32 years | Sep 2022 | - | Director |
P&L
March 2024turnover
17.6m
+58%
operating profit
-38.2m
+95%
gross margin
35.1%
+23.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-68.7m
+2.19%
total assets
435.8m
+0.28%
cash
18.5m
-0.46%
net assets
Total assets minus all liabilities
Similar Companies
ox (holdco) limited company details
company number
12442465
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 2020
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
GRANT THORNTON (NI) LLP
address
first floor, 85 great portland street, london, W1W 7LT
Bank
-
Legal Advisor
TUGHANS
ox (holdco) 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 ox (holdco) limited.
ox (holdco) 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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ox (holdco) limited Companies House Filings - See Documents
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