planets uk midco limited

planets uk midco limited Company Information

Share PLANETS UK MIDCO LIMITED
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StartupMegaHigh

Company Number

12487859

Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

 

Shareholders

planets holdco limited

Group Structure

View All

Contact

Registered Address

duo, level 6 280 bishopsgate, london, EC2M 4RB

Website

-

planets uk midco limited Estimated Valuation

£1.4b

Pomanda estimates the enterprise value of PLANETS UK MIDCO LIMITED at £1.4b based on a Turnover of £579.4m and 2.35x industry multiple (adjusted for size and gross margin).

planets uk midco limited Estimated Valuation

£1.3b

Pomanda estimates the enterprise value of PLANETS UK MIDCO LIMITED at £1.3b based on an EBITDA of £130.5m and a 10.02x industry multiple (adjusted for size and gross margin).

planets uk midco limited Estimated Valuation

£959.5m

Pomanda estimates the enterprise value of PLANETS UK MIDCO LIMITED at £959.5m based on Net Assets of £761.5m and 1.26x industry multiple (adjusted for liquidity).

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Planets Uk Midco Limited Overview

Planets Uk Midco Limited is a live company located in london, EC2M 4RB with a Companies House number of 12487859. 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 planets holdco limited with a 100% stake. Planets Uk Midco Limited is a startup, mega sized company, Pomanda has estimated its turnover at £579.4m with high growth in recent years.

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Planets Uk Midco Limited Health Check

Pomanda's financial health check has awarded Planets Uk Midco Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £579.4m, make it larger than the average company (£19.5m)

£579.4m - Planets Uk Midco Limited

£19.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (11.7%)

19% - Planets Uk Midco Limited

11.7% - Industry AVG

production

Production

with a gross margin of 34.8%, this company has a comparable cost of product (34.8%)

34.8% - Planets Uk Midco Limited

34.8% - Industry AVG

profitability

Profitability

an operating margin of 5.7% make it more profitable than the average company (4.7%)

5.7% - Planets Uk Midco Limited

4.7% - Industry AVG

employees

Employees

with 994 employees, this is above the industry average (106)

994 - Planets Uk Midco Limited

106 - Industry AVG

paystructure

Pay Structure

on an average salary of £81.9k, the company has a higher pay structure (£44.8k)

£81.9k - Planets Uk Midco Limited

£44.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £582.9k, this is more efficient (£193.7k)

£582.9k - Planets Uk Midco Limited

£193.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 37 days, this is near the average (45 days)

37 days - Planets Uk Midco Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 38 days, this is quicker than average (43 days)

38 days - Planets Uk Midco Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 57 days, this is more than average (35 days)

57 days - Planets Uk Midco Limited

35 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (14 weeks)

31 weeks - Planets Uk Midco Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 83.5%, this is a higher level of debt than the average (68.1%)

83.5% - Planets Uk Midco Limited

68.1% - Industry AVG

PLANETS UK MIDCO LIMITED financials

EXPORTms excel logo

Planets Uk Midco Limited's latest turnover from March 2024 is £579.4 million and the company has net assets of £761.5 million. According to their latest financial statements, Planets Uk Midco Limited has 994 employees and maintains cash reserves of £149.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021
Turnover579,400,000672,100,000555,400,000347,100,000
Other Income Or Grants0000
Cost Of Sales377,560,938435,565,989361,420,516231,042,874
Gross Profit201,839,062236,534,011193,979,484116,057,126
Admin Expenses168,739,062127,634,011215,579,484154,857,126
Operating Profit33,100,000108,900,000-21,600,000-38,800,000
Interest Payable132,200,000118,200,000375,900,000106,400,000
Interest Receivable110,200,00035,500,00019,100,00014,700,000
Pre-Tax Profit46,700,00034,300,000-377,800,000-123,300,000
Tax-64,900,000-23,600,000-26,100,0007,400,000
Profit After Tax-18,200,00010,700,000-403,900,000-115,900,000
Dividends Paid112,000,000290,000,000765,000,0000
Retained Profit-192,700,000-357,400,000-1,227,500,000-150,000,000
Employee Costs81,400,00070,400,000101,700,00094,000,000
Number Of Employees9941,0141,8562,687
EBITDA*130,500,000207,700,000239,900,00082,800,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021
Tangible Assets2,477,100,0002,386,300,0002,350,900,0002,459,800,000
Intangible Assets1,731,000,0001,744,900,0001,692,600,0001,969,900,000
Investments & Other732,700,000675,000,000601,400,000483,400,000
Debtors (Due After 1 year)341,500,000305,400,000267,100,000278,000,000
Total Fixed Assets4,208,100,0004,131,200,0004,043,500,0004,429,700,000
Stock & work in progress59,100,00048,600,00039,400,00037,000,000
Trade Debtors59,800,00049,100,00073,100,000104,100,000
Group Debtors23,300,00026,800,00018,700,0008,500,000
Misc Debtors86,100,000102,300,000164,400,000144,500,000
Cash149,100,000161,100,000190,800,000122,400,000
misc current assets23,000,00022,000,0004,100,0000
total current assets400,400,000409,900,000490,500,000420,000,000
total assets4,608,500,0004,541,100,0004,534,000,0004,849,700,000
Bank overdraft0000
Bank loan0000
Trade Creditors 40,300,00025,900,00024,100,00021,100,000
Group/Directors Accounts006,000,0000
other short term finances82,600,000143,200,000144,400,00020,200,000
hp & lease commitments5,100,0003,700,0003,400,00010,400,000
other current liabilities117,400,000192,700,000249,300,000183,000,000
total current liabilities245,400,000365,500,000427,200,000234,700,000
loans5,604,900,0005,748,900,0005,709,500,0005,191,900,000
hp & lease commitments63,900,00057,200,00050,600,00086,500,000
Accruals and Deferred Income0000
other liabilities0000
provisions755,600,000613,200,000633,200,000939,200,000
total long term liabilities3,601,600,0003,613,100,0003,597,800,0003,390,100,000
total liabilities3,847,000,0003,978,600,0004,025,000,0003,624,800,000
net assets761,500,000562,500,000509,000,0001,224,900,000
total shareholders funds761,500,000562,500,000509,000,0001,224,900,000
Mar 2024Mar 2023Mar 2022Mar 2021
Operating Activities
Operating Profit33,100,000108,900,000-21,600,000-38,800,000
Depreciation49,000,00044,600,00077,100,00085,000,000
Amortisation48,400,00054,200,000184,400,00036,600,000
Tax-64,900,000-23,600,000-26,100,0007,400,000
Stock10,500,0009,200,0002,400,00037,000,000
Debtors27,100,000-39,700,000-11,800,000535,100,000
Creditors14,400,0001,800,0003,000,00021,100,000
Accruals and Deferred Income-75,300,000-56,600,00066,300,000183,000,000
Deferred Taxes & Provisions142,400,000-20,000,000-306,000,000939,200,000
Cash flow from operations109,500,000139,800,000-13,500,000661,400,000
Investing Activities
capital expenditure-174,300,000-186,500,000124,700,000-4,551,300,000
Change in Investments57,700,00073,600,000118,000,000483,400,000
cash flow from investments-232,000,000-260,100,0006,700,000-5,034,700,000
Financing Activities
Bank loans0000
Group/Directors Accounts0-6,000,0006,000,0000
Other Short Term Loans -60,600,000-1,200,000124,200,00020,200,000
Long term loans-144,000,00039,400,000517,600,0005,191,900,000
Hire Purchase and Lease Commitments8,100,0006,900,000-42,900,00096,900,000
other long term liabilities0000
share issue391,700,000410,900,000511,600,0001,374,900,000
interest-22,000,000-82,700,000-356,800,000-91,700,000
cash flow from financing173,200,000367,300,000759,700,0006,592,200,000
cash and cash equivalents
cash-12,000,000-29,700,00068,400,000122,400,000
overdraft0000
change in cash-12,000,000-29,700,00068,400,000122,400,000

planets uk midco limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Planets Uk Midco Limited Competitor Analysis

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Perform a competitor analysis for planets uk midco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC2M area or any other competitors across 12 key performance metrics.

planets uk midco limited Ownership

PLANETS UK MIDCO LIMITED group structure

Planets Uk Midco Limited has 1 subsidiary company.

Ultimate parent company

KKR PLANETS AGGREGATOR LP

#0161738

PLANETS HOLDCO LTD

#0129968

2 parents

PLANETS UK MIDCO LIMITED

12487859

1 subsidiary

PLANETS UK MIDCO LIMITED Shareholders

planets holdco limited 100%

planets uk midco limited directors

Planets Uk Midco Limited currently has 2 directors. The longest serving directors include Ms Tara Davies (Feb 2020) and Mr James Gordon (Feb 2020).

officercountryagestartendrole
Ms Tara DaviesUnited Kingdom47 years Feb 2020- Director
Mr James GordonEngland39 years Feb 2020- Director

P&L

March 2024

turnover

579.4m

-14%

operating profit

33.1m

-70%

gross margin

34.9%

-1.02%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

761.5m

+0.35%

total assets

4.6b

+0.01%

cash

149.1m

-0.07%

net assets

Total assets minus all liabilities

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planets uk midco limited company details

company number

12487859

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

4

incorporated

UK

ultimate parent company

KKR PLANETS AGGREGATOR LP

accounts

Group

last accounts submitted

March 2024

previous names

vino uk midco limited (March 2020)

accountant

-

auditor

ERNST & YOUNG LLP

address

duo, level 6 280 bishopsgate, london, EC2M 4RB

Bank

-

Legal Advisor

-

planets uk 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 planets uk midco limited. Currently there are 1 open charges and 1 have been satisfied in the past.

planets uk 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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planets uk midco limited Companies House Filings - See Documents

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