meter serve (holdco 2) limited
meter serve (holdco 2) limited Company Information
Company Number
12598014
Registered Address
5th floor 1 marsden street, manchester, M2 1HW
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 2025
Group Structure
View All
Shareholders
calisen meter serve holdco limited 100%
meter serve (holdco 2) limited Estimated Valuation
Pomanda estimates the enterprise value of METER SERVE (HOLDCO 2) LIMITED at £831.8m based on a Turnover of £249.1m and 3.34x industry multiple (adjusted for size and gross margin).
meter serve (holdco 2) limited Estimated Valuation
Pomanda estimates the enterprise value of METER SERVE (HOLDCO 2) LIMITED at £170.6m based on an EBITDA of £13.3m and a 12.79x industry multiple (adjusted for size and gross margin).
meter serve (holdco 2) limited Estimated Valuation
Pomanda estimates the enterprise value of METER SERVE (HOLDCO 2) LIMITED at £1.5b based on Net Assets of £815.4m and 1.86x industry multiple (adjusted for liquidity).
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Meter Serve (holdco 2) Limited Overview
Meter Serve (holdco 2) Limited is a live company located in manchester, M2 1HW with a Companies House number of 12598014. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in May 2020, it's largest shareholder is calisen meter serve holdco limited with a 100% stake. Meter Serve (holdco 2) Limited is a startup, mega sized company, Pomanda has estimated its turnover at £249.1m with unknown growth in recent years.
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Meter Serve (holdco 2) Limited Health Check
Pomanda's financial health check has awarded Meter Serve (Holdco 2) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
1 Weak
Size
annual sales of £249.1m, make it larger than the average company (£19.3m)
£249.1m - Meter Serve (holdco 2) Limited
£19.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Meter Serve (holdco 2) Limited
- - Industry AVG
Production
with a gross margin of 54.3%, this company has a lower cost of product (36.2%)
54.3% - Meter Serve (holdco 2) Limited
36.2% - Industry AVG
Profitability
an operating margin of 5.4% make it as profitable than the average company (4.6%)
5.4% - Meter Serve (holdco 2) Limited
4.6% - Industry AVG
Employees
with 1290 employees, this is above the industry average (107)
- Meter Serve (holdco 2) Limited
107 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Meter Serve (holdco 2) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £193.1k, this is equally as efficient (£193.3k)
- Meter Serve (holdco 2) Limited
£193.3k - Industry AVG
Debtor Days
it gets paid by customers after 98 days, this is later than average (45 days)
98 days - Meter Serve (holdco 2) Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 143 days, this is slower than average (44 days)
143 days - Meter Serve (holdco 2) Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Meter Serve (holdco 2) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (14 weeks)
11 weeks - Meter Serve (holdco 2) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.1%, this is a similar level of debt than the average (69.5%)
67.1% - Meter Serve (holdco 2) Limited
69.5% - Industry AVG
METER SERVE (HOLDCO 2) LIMITED financials
Meter Serve (Holdco 2) Limited's latest turnover from December 2023 is £249.1 million and the company has net assets of £815.4 million. According to their latest financial statements, we estimate that Meter Serve (Holdco 2) Limited has 1,290 employees and maintains cash reserves of £73.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 249,142,000 | 231,712,000 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 113,951,000 | 94,409,000 | 0 | 0 |
| Gross Profit | 135,191,000 | 137,303,000 | 0 | 0 |
| Admin Expenses | 121,848,000 | 103,665,000 | 0 | 0 |
| Operating Profit | 13,343,000 | 33,638,000 | 0 | 0 |
| Interest Payable | 101,513,000 | 32,286,000 | 32,225,000 | 16,579,000 |
| Interest Receivable | 4,014,000 | 666,000 | 70,758,000 | 22,700,000 |
| Pre-Tax Profit | -66,451,000 | 97,333,000 | 38,533,000 | 6,121,000 |
| Tax | 4,884,000 | -29,514,000 | -6,502,000 | -1,357,000 |
| Profit After Tax | -61,567,000 | 67,819,000 | 32,031,000 | 4,764,000 |
| Dividends Paid | 337,514,000 | 4,000,000 | 0 | 0 |
| Retained Profit | -399,081,000 | 63,819,000 | 32,031,000 | 4,764,000 |
| Employee Costs | 0 | 0 | 0 | 0 |
| Number Of Employees | ||||
| EBITDA* | 13,343,000 | 33,638,000 | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 1,304,178,000 | 1,165,543,000 | 0 | 0 |
| Intangible Assets | 929,226,000 | 1,046,208,000 | 0 | 0 |
| Investments & Other | 0 | 0 | 10,000 | 10,000 |
| Debtors (Due After 1 year) | 102,100,000 | 117,800,000 | 0 | 0 |
| Total Fixed Assets | 2,335,504,000 | 2,329,551,000 | 10,000 | 10,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 66,898,000 | 64,535,000 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 773,159,000 |
| Misc Debtors | 0 | 0 | 928,190,000 | 3,337,000 |
| Cash | 73,886,000 | 123,264,000 | 32,748,000 | 24,585,000 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 140,784,000 | 187,799,000 | 960,938,000 | 801,081,000 |
| total assets | 2,476,288,000 | 2,517,350,000 | 960,948,000 | 801,091,000 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 257,109,000 | 264,872,000 | 193,614,000 | 39,352,000 |
| Trade Creditors | 44,815,000 | 55,259,000 | 0 | 0 |
| Group/Directors Accounts | 0 | 19,021,000 | 3,422,000 | 7,764,000 |
| other short term finances | 0 | 0 | 185,521,000 | 250,574,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 26,922,000 | 25,000,000 | 4,006,000 | 1,150,000 |
| total current liabilities | 328,846,000 | 364,152,000 | 386,563,000 | 298,840,000 |
| loans | 1,109,480,000 | 705,008,000 | 533,385,000 | 496,714,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 222,527,000 | 233,800,000 | 4,190,000 | 758,000 |
| total long term liabilities | 1,332,007,000 | 938,808,000 | 537,575,000 | 497,472,000 |
| total liabilities | 1,660,853,000 | 1,302,960,000 | 924,138,000 | 796,312,000 |
| net assets | 815,435,000 | 1,214,390,000 | 36,810,000 | 4,779,000 |
| total shareholders funds | 815,435,000 | 1,214,390,000 | 36,810,000 | 4,779,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 13,343,000 | 33,638,000 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | 4,884,000 | -29,514,000 | -6,502,000 | -1,357,000 |
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -13,337,000 | -745,855,000 | 151,694,000 | 776,496,000 |
| Creditors | -10,444,000 | 55,259,000 | 0 | 0 |
| Accruals and Deferred Income | 1,922,000 | 20,994,000 | 2,856,000 | 1,150,000 |
| Deferred Taxes & Provisions | -11,273,000 | 229,610,000 | 3,432,000 | 758,000 |
| Cash flow from operations | 11,769,000 | 1,055,842,000 | -151,908,000 | -775,945,000 |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | ||
| Change in Investments | 0 | -10,000 | 0 | 10,000 |
| cash flow from investments | 0 | 10,000 | ||
| Financing Activities | ||||
| Bank loans | -7,763,000 | 71,258,000 | 154,262,000 | 39,352,000 |
| Group/Directors Accounts | -19,021,000 | 15,599,000 | -4,342,000 | 7,764,000 |
| Other Short Term Loans | 0 | -185,521,000 | -65,053,000 | 250,574,000 |
| Long term loans | 404,472,000 | 171,623,000 | 36,671,000 | 496,714,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -97,499,000 | -31,620,000 | 38,533,000 | 6,121,000 |
| cash flow from financing | 280,315,000 | 1,155,100,000 | 160,071,000 | 800,540,000 |
| cash and cash equivalents | ||||
| cash | -49,378,000 | 90,516,000 | 8,163,000 | 24,585,000 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -49,378,000 | 90,516,000 | 8,163,000 | 24,585,000 |
meter serve (holdco 2) limited Credit Report and Business Information
Meter Serve (holdco 2) Limited Competitor Analysis
Perform a competitor analysis for meter serve (holdco 2) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in M 2 area or any other competitors across 12 key performance metrics.
meter serve (holdco 2) limited Ownership
METER SERVE (HOLDCO 2) LIMITED group structure
Meter Serve (Holdco 2) Limited has 7 subsidiary companies.
Ultimate parent company
CALISEN MIDCO II LTD
#0140215
2 parents
METER SERVE (HOLDCO 2) LIMITED
12598014
7 subsidiaries
meter serve (holdco 2) limited directors
Meter Serve (Holdco 2) Limited currently has 9 directors. The longest serving directors include Mrs Sarah Blackburn (May 2020) and Mr Sean Latus (May 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Sarah Blackburn | England | 44 years | May 2020 | - | Director |
| Mr Sean Latus | United Kingdom | 55 years | May 2020 | - | Director |
| Mr Sean Latus | United Kingdom | 55 years | May 2020 | - | Director |
| Mrs Sarah Blackburn | England | 44 years | May 2020 | - | Director |
| Mr David Taylor | 49 years | Aug 2021 | - | Director | |
| Mr Matthew Bateman | United Kingdom | 56 years | Nov 2022 | - | Director |
| Mr Brandon Rennet | United Kingdom | 52 years | Jan 2023 | - | Director |
| Mrs Sandeep Johal | England | 47 years | Jan 2024 | - | Director |
| Ms Kimberley Ratcliffe | England | 45 years | Jun 2024 | - | Director |
P&L
December 2023turnover
249.1m
+8%
operating profit
13.3m
-60%
gross margin
54.3%
-8.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
815.4m
-0.33%
total assets
2.5b
-0.02%
cash
73.9m
-0.4%
net assets
Total assets minus all liabilities
Similar Companies
meter serve (holdco 2) limited company details
company number
12598014
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
May 2020
age
4
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KPMG LLP
address
5th floor 1 marsden street, manchester, M2 1HW
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
meter serve (holdco 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 2 charges/mortgages relating to meter serve (holdco 2) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
meter serve (holdco 2) limited Companies House Filings - See Documents
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