mobilise (midco 2) limited
mobilise (midco 2) limited Company Information
Company Number
12948402
Website
-Registered Address
2c crown business park, cowm top lane, rochdale, lancashire, OL11 2PU
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 2024
Group Structure
View All
Shareholders
mobilise (midco 1) limited 100%
mobilise (midco 2) limited Estimated Valuation
Pomanda estimates the enterprise value of MOBILISE (MIDCO 2) LIMITED at £211.7m based on a Turnover of £46.5m and 4.56x industry multiple (adjusted for size and gross margin).
mobilise (midco 2) limited Estimated Valuation
Pomanda estimates the enterprise value of MOBILISE (MIDCO 2) LIMITED at £0 based on an EBITDA of £-12.5m and a 18.33x industry multiple (adjusted for size and gross margin).
mobilise (midco 2) limited Estimated Valuation
Pomanda estimates the enterprise value of MOBILISE (MIDCO 2) LIMITED at £0 based on Net Assets of £-48.4m and 1.71x industry multiple (adjusted for liquidity).
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Mobilise (midco 2) Limited Overview
Mobilise (midco 2) Limited is a live company located in rochdale, OL11 2PU with a Companies House number of 12948402. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in October 2020, it's largest shareholder is mobilise (midco 1) limited with a 100% stake. Mobilise (midco 2) Limited is a startup, large sized company, Pomanda has estimated its turnover at £46.5m with unknown growth in recent years.
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Mobilise (midco 2) Limited Health Check
Pomanda's financial health check has awarded Mobilise (Midco 2) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £46.5m, make it larger than the average company (£18.1m)
£46.5m - Mobilise (midco 2) Limited
£18.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mobilise (midco 2) Limited
- - Industry AVG
Production
with a gross margin of 84.9%, this company has a lower cost of product (36.1%)
84.9% - Mobilise (midco 2) Limited
36.1% - Industry AVG
Profitability
an operating margin of -39.6% make it less profitable than the average company (5.1%)
-39.6% - Mobilise (midco 2) Limited
5.1% - Industry AVG
Employees
with 353 employees, this is above the industry average (106)
353 - Mobilise (midco 2) Limited
106 - Industry AVG
Pay Structure
on an average salary of £65.9k, the company has a higher pay structure (£41.9k)
£65.9k - Mobilise (midco 2) Limited
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £131.7k, this is less efficient (£178.2k)
£131.7k - Mobilise (midco 2) Limited
£178.2k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (47 days)
67 days - Mobilise (midco 2) Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (48 days)
74 days - Mobilise (midco 2) Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (42 days)
5 days - Mobilise (midco 2) Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (15 weeks)
2 weeks - Mobilise (midco 2) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 123.9%, this is a higher level of debt than the average (69.9%)
123.9% - Mobilise (midco 2) Limited
69.9% - Industry AVG
MOBILISE (MIDCO 2) LIMITED financials
Mobilise (Midco 2) Limited's latest turnover from December 2022 is £46.5 million and the company has net assets of -£48.4 million. According to their latest financial statements, Mobilise (Midco 2) Limited has 353 employees and maintains cash reserves of £7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 46,477,687 | 41,480,719 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 7,034,602 | 5,850,412 |
| Gross Profit | 39,443,085 | 35,630,307 |
| Admin Expenses | 57,845,043 | 58,281,256 |
| Operating Profit | -18,401,958 | -22,650,949 |
| Interest Payable | 7,253,694 | 6,717,765 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | -24,925,577 | -29,368,714 |
| Tax | 236,735 | 117,483 |
| Profit After Tax | -24,688,842 | -29,251,231 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -24,688,842 | -29,251,231 |
| Employee Costs | 23,261,776 | 24,449,897 |
| Number Of Employees | 353 | 364 |
| EBITDA* | -12,476,969 | -15,729,727 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 395,114 | 671,559 |
| Intangible Assets | 179,308,896 | 196,282,855 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 179,704,010 | 196,954,414 |
| Stock & work in progress | 102,308 | 130,739 |
| Trade Debtors | 8,602,867 | 6,949,316 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 6,564,756 | 4,477,148 |
| Cash | 6,959,394 | 7,496,541 |
| misc current assets | 739,448 | 453,489 |
| total current assets | 22,968,773 | 19,507,233 |
| total assets | 202,672,783 | 216,461,647 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 1,443,348 | 1,284,278 |
| Group/Directors Accounts | 143,091,825 | 142,375,702 |
| other short term finances | 679,584 | 362,816 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 23,172,925 | 20,073,773 |
| total current liabilities | 168,387,682 | 164,096,569 |
| loans | 81,533,360 | 74,742,318 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 1,173,473 | 1,413,403 |
| total long term liabilities | 82,706,833 | 76,155,721 |
| total liabilities | 251,094,515 | 240,252,290 |
| net assets | -48,421,732 | -23,790,643 |
| total shareholders funds | -48,421,732 | -23,790,643 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -18,401,958 | -22,650,949 |
| Depreciation | 375,113 | 416,386 |
| Amortisation | 5,549,876 | 6,504,836 |
| Tax | 236,735 | 117,483 |
| Stock | -28,431 | 130,739 |
| Debtors | 3,741,159 | 11,426,464 |
| Creditors | 159,070 | 1,284,278 |
| Accruals and Deferred Income | 3,099,152 | 20,073,773 |
| Deferred Taxes & Provisions | -239,930 | 1,413,403 |
| Cash flow from operations | -12,934,670 | -4,397,993 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 0 |
| cash flow from investments | 0 | 0 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 716,123 | 142,375,702 |
| Other Short Term Loans | 316,768 | 362,816 |
| Long term loans | 6,791,042 | 74,742,318 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -7,253,694 | -6,717,765 |
| cash flow from financing | 627,992 | 216,223,659 |
| cash and cash equivalents | ||
| cash | -537,147 | 7,496,541 |
| overdraft | 0 | 0 |
| change in cash | -537,147 | 7,496,541 |
mobilise (midco 2) limited Credit Report and Business Information
Mobilise (midco 2) Limited Competitor Analysis
Perform a competitor analysis for mobilise (midco 2) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mobilise (midco 2) limited Ownership
MOBILISE (MIDCO 2) LIMITED group structure
Mobilise (Midco 2) Limited has 2 subsidiary companies.
Ultimate parent company
MOBILISE TOPCO LTD
#0127302
2 parents
MOBILISE (MIDCO 2) LIMITED
12948402
2 subsidiaries
mobilise (midco 2) limited directors
Mobilise (Midco 2) Limited currently has 6 directors. The longest serving directors include Mr Thomas Keen (Oct 2020) and Mr Stephen Delaney (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Keen | 36 years | Oct 2020 | - | Director | |
| Mr Stephen Delaney | England | 44 years | Oct 2020 | - | Director |
| Mr Gary Adams | 51 years | Oct 2020 | - | Director | |
| Mr Chris Hornung | England | 55 years | Oct 2020 | - | Director |
| Mr Andrew Murrell | England | 54 years | Aug 2023 | - | Director |
| Mr Phil Race | Northern Ireland | 58 years | Feb 2024 | - | Director |
P&L
December 2022turnover
46.5m
+12%
operating profit
-18.4m
-19%
gross margin
84.9%
-1.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-48.4m
+1.04%
total assets
202.7m
-0.06%
cash
7m
-0.07%
net assets
Total assets minus all liabilities
Similar Companies
mobilise (midco 2) limited company details
company number
12948402
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
October 2020
age
4
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
2c crown business park, cowm top lane, rochdale, lancashire, OL11 2PU
last accounts submitted
December 2022
mobilise (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 1 charges/mortgages relating to mobilise (midco 2) limited. Currently there are 1 open charges and 0 have been satisfied in the past.
mobilise (midco 2) limited Companies House Filings - See Documents
| date | description | view/download |
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