dvorak midco 2 limited
dvorak midco 2 limited Company Information
Company Number
12525342
Next Accounts
Aug 2025
Shareholders
dvorak midco 1 limited
Group Structure
View All
Industry
Activities of head offices
Registered Address
glenny house fenton way, southfields business park, basildon, essex, SS15 6TD
Website
http://traverssmith.comdvorak midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of DVORAK MIDCO 2 LIMITED at £136.4m based on a Turnover of £103.4m and 1.32x industry multiple (adjusted for size and gross margin).
dvorak midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of DVORAK MIDCO 2 LIMITED at £100.5m based on an EBITDA of £9.6m and a 10.44x industry multiple (adjusted for size and gross margin).
dvorak midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of DVORAK MIDCO 2 LIMITED at £0 based on Net Assets of £-80.8m and 2.11x industry multiple (adjusted for liquidity).
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Dvorak Midco 2 Limited Overview
Dvorak Midco 2 Limited is a live company located in basildon, SS15 6TD with a Companies House number of 12525342. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 2020, it's largest shareholder is dvorak midco 1 limited with a 100% stake. Dvorak Midco 2 Limited is a young, mega sized company, Pomanda has estimated its turnover at £103.4m with rapid growth in recent years.
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Dvorak Midco 2 Limited Health Check
Pomanda's financial health check has awarded Dvorak Midco 2 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £103.4m, make it larger than the average company (£19.8m)
£103.4m - Dvorak Midco 2 Limited
£19.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 313%, show it is growing at a faster rate (6.2%)
313% - Dvorak Midco 2 Limited
6.2% - Industry AVG
Production
with a gross margin of 45.5%, this company has a lower cost of product (33.1%)
45.5% - Dvorak Midco 2 Limited
33.1% - Industry AVG
Profitability
an operating margin of -13.6% make it less profitable than the average company (5.7%)
-13.6% - Dvorak Midco 2 Limited
5.7% - Industry AVG
Employees
with 444 employees, this is above the industry average (109)
444 - Dvorak Midco 2 Limited
109 - Industry AVG
Pay Structure
on an average salary of £45.9k, the company has an equivalent pay structure (£47.6k)
£45.9k - Dvorak Midco 2 Limited
£47.6k - Industry AVG
Efficiency
resulting in sales per employee of £232.8k, this is more efficient (£197.6k)
£232.8k - Dvorak Midco 2 Limited
£197.6k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (45 days)
45 days - Dvorak Midco 2 Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (44 days)
53 days - Dvorak Midco 2 Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Dvorak Midco 2 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 - Dvorak Midco 2 Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 135.2%, this is a higher level of debt than the average (55.7%)
135.2% - Dvorak Midco 2 Limited
55.7% - Industry AVG
DVORAK MIDCO 2 LIMITED financials
Dvorak Midco 2 Limited's latest turnover from November 2023 is £103.4 million and the company has net assets of -£80.8 million. According to their latest financial statements, Dvorak Midco 2 Limited has 444 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | |
|---|---|---|---|---|
| Turnover | 103,357,000 | 56,246,000 | 34,471,000 | 1,466,269 |
| Other Income Or Grants | ||||
| Cost Of Sales | 56,301,000 | 29,133,000 | 17,462,000 | 714,728 |
| Gross Profit | 47,056,000 | 27,113,000 | 17,009,000 | 751,541 |
| Admin Expenses | 61,070,000 | 38,574,000 | 25,283,000 | 2,216,663 |
| Operating Profit | -14,014,000 | -11,461,000 | -8,274,000 | -1,465,122 |
| Interest Payable | 25,864,000 | 16,274,000 | 3,916,000 | 191,514 |
| Interest Receivable | 343,000 | 126,000 | 1,000 | 2,565 |
| Pre-Tax Profit | -39,535,000 | -27,609,000 | -12,189,000 | -1,654,071 |
| Tax | 84,000 | 91,000 | -23,000 | |
| Profit After Tax | -39,451,000 | -27,518,000 | -12,212,000 | -1,654,071 |
| Dividends Paid | ||||
| Retained Profit | -39,451,000 | -27,518,000 | -12,212,000 | -1,654,071 |
| Employee Costs | 20,391,000 | 11,587,000 | 7,192,000 | 685,882 |
| Number Of Employees | 444 | 276 | 218 | 113 |
| EBITDA* | 9,626,000 | 3,707,000 | 2,842,000 | -696,040 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | |
|---|---|---|---|---|
| Tangible Assets | 898,000 | 996,000 | 527,000 | 347,159 |
| Intangible Assets | 192,430,000 | 174,625,000 | 110,059,000 | 91,449,300 |
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 193,328,000 | 175,621,000 | 110,586,000 | 91,796,459 |
| Stock & work in progress | 25,000 | |||
| Trade Debtors | 12,754,000 | 7,744,000 | 2,585,000 | 1,594,557 |
| Group Debtors | 4,966,000 | 2,083,000 | 1,516,000 | 990,002 |
| Misc Debtors | 16,960,000 | 15,324,000 | 4,978,000 | 4,012,698 |
| Cash | 1,380,000 | 8,518,000 | 4,743,000 | 3,857,439 |
| misc current assets | ||||
| total current assets | 36,060,000 | 33,694,000 | 13,822,000 | 10,454,696 |
| total assets | 229,388,000 | 209,315,000 | 124,408,000 | 102,251,155 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 8,311,000 | 8,975,000 | 4,308,000 | 2,368,331 |
| Group/Directors Accounts | 93,453,000 | 71,768,000 | 68,426,000 | 64,970,875 |
| other short term finances | 13,764,000 | 10,092,000 | 3,330,000 | 1,800,000 |
| hp & lease commitments | 34,000 | 28,000 | 14,000 | 17,699 |
| other current liabilities | 25,354,000 | 25,601,000 | 7,598,000 | 5,645,036 |
| total current liabilities | 140,916,000 | 116,464,000 | 83,676,000 | 74,801,941 |
| loans | 168,929,000 | 133,726,000 | 54,155,000 | 28,690,242 |
| hp & lease commitments | 100,000 | 88,000 | 45,000 | 56,227 |
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | 278,000 | 421,000 | 398,000 | 356,814 |
| total long term liabilities | 169,307,000 | 134,235,000 | 54,598,000 | 29,103,283 |
| total liabilities | 310,223,000 | 250,699,000 | 138,274,000 | 103,905,224 |
| net assets | -80,835,000 | -41,384,000 | -13,866,000 | -1,654,069 |
| total shareholders funds | -80,835,000 | -41,384,000 | -13,866,000 | -1,654,069 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -14,014,000 | -11,461,000 | -8,274,000 | -1,465,122 |
| Depreciation | 475,000 | 358,000 | 240,000 | 15,280 |
| Amortisation | 23,165,000 | 14,810,000 | 10,876,000 | 753,802 |
| Tax | 84,000 | 91,000 | -23,000 | |
| Stock | -25,000 | 25,000 | ||
| Debtors | 9,529,000 | 16,072,000 | 2,481,743 | 6,597,257 |
| Creditors | -664,000 | 4,667,000 | 1,939,669 | 2,368,331 |
| Accruals and Deferred Income | -247,000 | 18,003,000 | 1,952,964 | 5,645,036 |
| Deferred Taxes & Provisions | -143,000 | 23,000 | 41,186 | 356,814 |
| Cash flow from operations | -848,000 | 10,394,000 | 4,271,076 | 1,076,884 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 21,685,000 | 3,342,000 | 3,455,125 | 64,970,875 |
| Other Short Term Loans | 3,672,000 | 6,762,000 | 1,530,000 | 1,800,000 |
| Long term loans | 35,203,000 | 79,571,000 | 25,464,758 | 28,690,242 |
| Hire Purchase and Lease Commitments | 18,000 | 57,000 | -14,926 | 73,926 |
| other long term liabilities | ||||
| share issue | ||||
| interest | -25,521,000 | -16,148,000 | -3,915,000 | -188,949 |
| cash flow from financing | 35,057,000 | 73,584,000 | 26,520,026 | 95,346,096 |
| cash and cash equivalents | ||||
| cash | -7,138,000 | 3,775,000 | 885,561 | 3,857,439 |
| overdraft | ||||
| change in cash | -7,138,000 | 3,775,000 | 885,561 | 3,857,439 |
dvorak midco 2 limited Credit Report and Business Information
Dvorak Midco 2 Limited Competitor Analysis
Perform a competitor analysis for dvorak midco 2 limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in SS15 area or any other competitors across 12 key performance metrics.
dvorak midco 2 limited Ownership
DVORAK MIDCO 2 LIMITED group structure
Dvorak Midco 2 Limited has 1 subsidiary company.
Ultimate parent company
2 parents
DVORAK MIDCO 2 LIMITED
12525342
1 subsidiary
dvorak midco 2 limited directors
Dvorak Midco 2 Limited currently has 2 directors. The longest serving directors include Mr Alexander Clark (Apr 2024) and Mr Andrew Lindsell (Jan 2025).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander Clark | England | 47 years | Apr 2024 | - | Director |
| Mr Andrew Lindsell | England | 43 years | Jan 2025 | - | Director |
P&L
November 2023turnover
103.4m
+84%
operating profit
-14m
+22%
gross margin
45.6%
-5.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
-80.8m
+0.95%
total assets
229.4m
+0.1%
cash
1.4m
-0.84%
net assets
Total assets minus all liabilities
Similar Companies
dvorak midco 2 limited company details
company number
12525342
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
March 2020
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
November 2023
previous names
de facto 2255 limited (November 2020)
accountant
-
auditor
CLA EVELYN PARTNERS LIMITED
address
glenny house fenton way, southfields business park, basildon, essex, SS15 6TD
Bank
-
Legal Advisor
-
dvorak midco 2 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 3 charges/mortgages relating to dvorak midco 2 limited. Currently there are 2 open charges and 1 have been satisfied in the past.
dvorak midco 2 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.
Click to start generating capital raising & share issue transactions for DVORAK MIDCO 2 LIMITED. This can take several minutes, an email will notify you when this has completed.
dvorak midco 2 limited Companies House Filings - See Documents
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