mobilise (midco 2) limited
mobilise (midco 2) limited Company Information
Company Number
12948402
Next Accounts
Sep 2025
Shareholders
mobilise (midco 1) limited
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
2c crown business park, cowm top lane, rochdale, lancashire, OL11 2PU
Website
-mobilise (midco 2) limited Estimated Valuation
Pomanda estimates the enterprise value of MOBILISE (MIDCO 2) LIMITED at £217.3m based on a Turnover of £52.6m and 4.13x 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 £-11.4m and a 17.26x 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 £-74.6m and 1.31x 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 young, large sized company, Pomanda has estimated its turnover at £52.6m 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 £52.6m, make it larger than the average company (£18.9m)
£52.6m - Mobilise (midco 2) Limited
£18.9m - 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 85%, this company has a lower cost of product (36.3%)
85% - Mobilise (midco 2) Limited
36.3% - Industry AVG
Profitability
an operating margin of -33.1% make it less profitable than the average company (4.5%)
-33.1% - Mobilise (midco 2) Limited
4.5% - Industry AVG
Employees
with 357 employees, this is above the industry average (104)
357 - Mobilise (midco 2) Limited
104 - Industry AVG
Pay Structure
on an average salary of £77k, the company has a higher pay structure (£44.7k)
£77k - Mobilise (midco 2) Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £147.4k, this is less efficient (£191k)
£147.4k - Mobilise (midco 2) Limited
£191k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (45 days)
71 days - Mobilise (midco 2) Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 120 days, this is slower than average (44 days)
120 days - Mobilise (midco 2) Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (40 days)
3 days - Mobilise (midco 2) Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)
1 weeks - Mobilise (midco 2) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 141.2%, this is a higher level of debt than the average (69.7%)
141.2% - Mobilise (midco 2) Limited
69.7% - Industry AVG
MOBILISE (MIDCO 2) LIMITED financials
Mobilise (Midco 2) Limited's latest turnover from December 2023 is £52.6 million and the company has net assets of -£74.6 million. According to their latest financial statements, Mobilise (Midco 2) Limited has 357 employees and maintains cash reserves of £5.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Turnover | 52,630,128 | 46,477,687 | 41,480,719 |
| Other Income Or Grants | |||
| Cost Of Sales | 7,920,220 | 7,034,602 | 5,850,412 |
| Gross Profit | 44,709,908 | 39,443,085 | 35,630,307 |
| Admin Expenses | 62,124,001 | 57,845,043 | 58,281,256 |
| Operating Profit | -17,414,093 | -18,401,958 | -22,650,949 |
| Interest Payable | 9,020,113 | 7,253,694 | 6,717,765 |
| Interest Receivable | |||
| Pre-Tax Profit | -27,041,699 | -24,925,577 | -29,368,714 |
| Tax | 868,482 | 236,735 | 117,483 |
| Profit After Tax | -26,173,217 | -24,688,842 | -29,251,231 |
| Dividends Paid | |||
| Retained Profit | -26,173,217 | -24,688,842 | -29,251,231 |
| Employee Costs | 27,479,483 | 23,261,776 | 24,449,897 |
| Number Of Employees | 357 | 353 | 364 |
| EBITDA* | -11,437,908 | -12,476,969 | -15,729,727 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Tangible Assets | 262,438 | 395,114 | 671,559 |
| Intangible Assets | 157,105,800 | 179,308,896 | 196,282,855 |
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 157,368,238 | 179,704,010 | 196,954,414 |
| Stock & work in progress | 67,667 | 102,308 | 130,739 |
| Trade Debtors | 10,256,266 | 9,342,315 | 6,949,316 |
| Group Debtors | |||
| Misc Debtors | 8,132,164 | 6,564,756 | 4,477,148 |
| Cash | 5,497,093 | 6,959,394 | 7,496,541 |
| misc current assets | 453,489 | ||
| total current assets | 23,953,190 | 22,968,773 | 19,507,233 |
| total assets | 181,321,428 | 202,672,783 | 216,461,647 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 2,611,172 | 1,443,348 | 1,284,278 |
| Group/Directors Accounts | 144,652,473 | 143,091,825 | 142,375,702 |
| other short term finances | 762,568 | 679,584 | 362,816 |
| hp & lease commitments | |||
| other current liabilities | 24,578,050 | 23,172,925 | 20,073,773 |
| total current liabilities | 172,604,263 | 168,387,682 | 164,096,569 |
| loans | 81,977,425 | 81,533,360 | 74,742,318 |
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | 1,381,383 | 1,173,473 | 1,413,403 |
| total long term liabilities | 83,358,808 | 82,706,833 | 76,155,721 |
| total liabilities | 255,963,071 | 251,094,515 | 240,252,290 |
| net assets | -74,641,643 | -48,421,732 | -23,790,643 |
| total shareholders funds | -74,641,643 | -48,421,732 | -23,790,643 |
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -17,414,093 | -18,401,958 | -22,650,949 |
| Depreciation | 301,137 | 375,113 | 416,386 |
| Amortisation | 5,675,048 | 5,549,876 | 6,504,836 |
| Tax | 868,482 | 236,735 | 117,483 |
| Stock | -34,641 | -28,431 | 130,739 |
| Debtors | 2,481,359 | 4,480,607 | 11,426,464 |
| Creditors | 1,167,824 | 159,070 | 1,284,278 |
| Accruals and Deferred Income | 1,405,125 | 3,099,152 | 20,073,773 |
| Deferred Taxes & Provisions | 207,910 | -239,930 | 1,413,403 |
| Cash flow from operations | -10,235,285 | -13,674,118 | -4,397,993 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | 1,560,648 | 716,123 | 142,375,702 |
| Other Short Term Loans | 82,984 | 316,768 | 362,816 |
| Long term loans | 444,065 | 6,791,042 | 74,742,318 |
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | -9,020,113 | -7,253,694 | -6,717,765 |
| cash flow from financing | -6,979,110 | 627,992 | 216,223,659 |
| cash and cash equivalents | |||
| cash | -1,462,301 | -537,147 | 7,496,541 |
| overdraft | |||
| change in cash | -1,462,301 | -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, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in OL11 area or any other competitors across 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 Stephen Delaney (Oct 2020) and Mr Thomas Keen (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Delaney | 44 years | Oct 2020 | - | Director | |
| Mr Thomas Keen | 37 years | Oct 2020 | - | Director | |
| Mr Gary Adams | 52 years | Oct 2020 | - | Director | |
| Mr Chris Hornung | England | 56 years | Oct 2020 | - | Director |
| Mr Andrew Murrell | Northern Ireland | 55 years | Aug 2023 | - | Director |
| Mr Phil Race | Northern Ireland | 59 years | Feb 2024 | - | Director |
P&L
December 2023turnover
52.6m
+13%
operating profit
-17.4m
-5%
gross margin
85%
+0.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-74.6m
+0.54%
total assets
181.3m
-0.11%
cash
5.5m
-0.21%
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
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KPMG
address
2c crown business park, cowm top lane, rochdale, lancashire, OL11 2PU
Bank
-
Legal Advisor
-
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 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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mobilise (midco 2) limited Companies House Filings - See Documents
| date | description | view/download |
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