mcdermott holdings 1 limited
mcdermott holdings 1 limited Company Information
Company Number
12572705
Next Accounts
119 days late
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Shareholders
mcdermott international ltd
Group Structure
View All
Contact
Registered Address
building 3, 566 chiswick high road, chiswick, london, W4 5YA
Website
-mcdermott holdings 1 limited Estimated Valuation
Pomanda estimates the enterprise value of MCDERMOTT HOLDINGS 1 LIMITED at £0 based on a Turnover of £0 and 1.14x industry multiple (adjusted for size and gross margin).
mcdermott holdings 1 limited Estimated Valuation
Pomanda estimates the enterprise value of MCDERMOTT HOLDINGS 1 LIMITED at £0 based on an EBITDA of £-75.3m and a 4.41x industry multiple (adjusted for size and gross margin).
mcdermott holdings 1 limited Estimated Valuation
Pomanda estimates the enterprise value of MCDERMOTT HOLDINGS 1 LIMITED at £15.2m based on Net Assets of £11.6m and 1.31x industry multiple (adjusted for liquidity).
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Mcdermott Holdings 1 Limited Overview
Mcdermott Holdings 1 Limited is a live company located in london, W4 5YA with a Companies House number of 12572705. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in April 2020, it's largest shareholder is mcdermott international ltd with a 100% stake. Mcdermott Holdings 1 Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Mcdermott Holdings 1 Limited Health Check
Pomanda's financial health check has awarded Mcdermott Holdings 1 Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 2 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mcdermott Holdings 1 Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Mcdermott Holdings 1 Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Mcdermott Holdings 1 Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (105)
- Mcdermott Holdings 1 Limited
- - Industry AVG
Pay Structure
on an average salary of £41.9k, the company has an equivalent pay structure (£41.9k)
- Mcdermott Holdings 1 Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Mcdermott Holdings 1 Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (16 weeks)
- - Mcdermott Holdings 1 Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.7%, this is a lower level of debt than the average (69.6%)
- - Mcdermott Holdings 1 Limited
- - Industry AVG
MCDERMOTT HOLDINGS 1 LIMITED financials
Mcdermott Holdings 1 Limited's latest turnover from December 2022 is 0 and the company has net assets of £11.6 million. According to their latest financial statements, we estimate that Mcdermott Holdings 1 Limited has 1 employee and maintains cash reserves of £4.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Turnover | 0 | 0 | 0 |
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | -75,302,333 | ||
| Interest Payable | 0 | 0 | 0 |
| Interest Receivable | 191,068 | 0 | 0 |
| Pre-Tax Profit | -75,111,265 | 2,320,763 | -1,002,850,587 |
| Tax | -24,555 | 1,658 | 1,765 |
| Profit After Tax | -75,135,820 | 2,322,420 | -1,002,848,822 |
| Dividends Paid | 0 | 0 | 0 |
| Retained Profit | -75,135,820 | 2,322,420 | -1,002,848,822 |
| Employee Costs | 0 | ||
| Number Of Employees | |||
| EBITDA* | -75,302,333 |
* 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 | 0 | 81,268,131 | 97,290,619 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 81,268,131 | 97,290,619 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 |
| Group Debtors | 11,675,107 | 12,435,971 | 1,765 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 4,604 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 11,679,711 | 12,435,972 | 1,765 |
| total assets | 11,679,711 | 93,704,103 | 97,292,384 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 16,577 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 79,803 | 0 | 8,825 |
| total current liabilities | 79,804 | 16,577 | 8,825 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 79,804 | 16,577 | 8,825 |
| net assets | 11,599,908 | 93,687,526 | 97,283,558 |
| total shareholders funds | 11,599,908 | 93,687,526 | 97,283,558 |
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -75,302,333 | ||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | -24,555 | 1,658 | 1,765 |
| Stock | 0 | 0 | 0 |
| Debtors | -760,864 | 12,434,206 | 1,765 |
| Creditors | 0 | 0 | 0 |
| Accruals and Deferred Income | 79,803 | -8,825 | 8,825 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | -74,486,221 | ||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | -81,268,131 | -16,022,488 | 97,290,619 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | -16,577 | 16,577 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | 191,068 | 0 | 0 |
| cash flow from financing | -6,777,307 | -5,901,875 | 1,100,132,380 |
| cash and cash equivalents | |||
| cash | 4,604 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 4,604 | 0 | 0 |
mcdermott holdings 1 limited Credit Report and Business Information
Mcdermott Holdings 1 Limited Competitor Analysis
Perform a competitor analysis for mcdermott holdings 1 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other young companies, companies in W 4 area or any other competitors across 12 key performance metrics.
mcdermott holdings 1 limited Ownership
MCDERMOTT HOLDINGS 1 LIMITED group structure
Mcdermott Holdings 1 Limited has no subsidiary companies.
Ultimate parent company
MCDERMOTT INTERNATIONAL LTD
#0133745
1 parent
MCDERMOTT HOLDINGS 1 LIMITED
12572705
mcdermott holdings 1 limited directors
Mcdermott Holdings 1 Limited currently has 2 directors. The longest serving directors include Mr Ashok Joshi (Apr 2020) and Mr Michael Brantley (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ashok Joshi | United Kingdom | 65 years | Apr 2020 | - | Director |
| Mr Michael Brantley | United Kingdom | 47 years | Dec 2021 | - | Director |
P&L
December 2022turnover
0
0%
operating profit
-75.3m
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
11.6m
-0.88%
total assets
11.7m
-0.88%
cash
4.6k
0%
net assets
Total assets minus all liabilities
Similar Companies
mcdermott holdings 1 limited company details
company number
12572705
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
April 2020
age
5
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
building 3, 566 chiswick high road, chiswick, london, W4 5YA
Bank
-
Legal Advisor
-
mcdermott holdings 1 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 4 charges/mortgages relating to mcdermott holdings 1 limited. Currently there are 4 open charges and 0 have been satisfied in the past.
mcdermott holdings 1 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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mcdermott holdings 1 limited Companies House Filings - See Documents
| date | description | view/download |
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