argenta midco 2 limited
argenta midco 2 limited Company Information
Company Number
12988372
Next Accounts
93 days late
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Directors
Shareholders
mercurio midco limited
Group Structure
View All
Contact
Registered Address
duo, level 6 280 bishopsgate, london, EC2M 4RB
Website
-argenta midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ARGENTA MIDCO 2 LIMITED at £196.3m based on a Turnover of £76.3m and 2.57x industry multiple (adjusted for size and gross margin).
argenta midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ARGENTA MIDCO 2 LIMITED at £0 based on an EBITDA of £-15.8m and a 10.96x industry multiple (adjusted for size and gross margin).
argenta midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ARGENTA MIDCO 2 LIMITED at £78.9m based on Net Assets of £62.6m and 1.26x industry multiple (adjusted for liquidity).
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Argenta Midco 2 Limited Overview
Argenta Midco 2 Limited is a live company located in london, EC2M 4RB with a Companies House number of 12988372. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in November 2020, it's largest shareholder is mercurio midco limited with a 100% stake. Argenta Midco 2 Limited is a startup, large sized company, Pomanda has estimated its turnover at £76.3m with unknown growth in recent years.
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Argenta Midco 2 Limited Health Check
Pomanda's financial health check has awarded Argenta Midco 2 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £76.3m, make it larger than the average company (£18m)
£76.3m - Argenta Midco 2 Limited
£18m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Argenta Midco 2 Limited
- - Industry AVG
Production
with a gross margin of 41.9%, this company has a comparable cost of product (36.2%)
41.9% - Argenta Midco 2 Limited
36.2% - Industry AVG
Profitability
an operating margin of -29.8% make it less profitable than the average company (5.3%)
-29.8% - Argenta Midco 2 Limited
5.3% - Industry AVG
Employees
with 573 employees, this is above the industry average (105)
573 - Argenta Midco 2 Limited
105 - Industry AVG
Pay Structure
on an average salary of £61.1k, the company has a higher pay structure (£41.9k)
£61.1k - Argenta Midco 2 Limited
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £133.2k, this is less efficient (£178.4k)
£133.2k - Argenta Midco 2 Limited
£178.4k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (47 days)
70 days - Argenta Midco 2 Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 132 days, this is slower than average (48 days)
132 days - Argenta Midco 2 Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 211 days, this is more than average (43 days)
211 days - Argenta Midco 2 Limited
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (16 weeks)
8 weeks - Argenta Midco 2 Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.7%, this is a lower level of debt than the average (69.7%)
49.7% - Argenta Midco 2 Limited
69.7% - Industry AVG
ARGENTA MIDCO 2 LIMITED financials
Argenta Midco 2 Limited's latest turnover from December 2022 is £76.3 million and the company has net assets of £62.6 million. According to their latest financial statements, Argenta Midco 2 Limited has 573 employees and maintains cash reserves of £4.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 76,316,785 | 56,745,994 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 44,328,605 | 33,791,235 |
| Gross Profit | 31,988,180 | 22,954,760 |
| Admin Expenses | 54,754,925 | 89,074,773 |
| Operating Profit | -22,766,745 | -66,120,013 |
| Interest Payable | 1,539,795 | 783,852 |
| Interest Receivable | 1,713,947 | 151,586 |
| Pre-Tax Profit | -22,592,593 | -66,752,278 |
| Tax | 5,836,091 | 8,177,820 |
| Profit After Tax | -16,756,501 | -58,574,458 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -16,756,501 | -58,574,458 |
| Employee Costs | 35,029,157 | 22,889,570 |
| Number Of Employees | 573 | 482 |
| EBITDA* | -15,806,935 | -59,671,694 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 39,820,331 | 34,769,871 |
| Intangible Assets | 34,959,811 | 36,855,954 |
| Investments & Other | 336,484 | 1,277,097 |
| Debtors (Due After 1 year) | 5,351,457 | 392,711 |
| Total Fixed Assets | 74,780,141 | 71,233,113 |
| Stock & work in progress | 25,741,528 | 17,017,750 |
| Trade Debtors | 14,767,533 | 13,283,852 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 4,007,880 | 4,656,770 |
| Cash | 4,884,160 | 5,583,568 |
| misc current assets | 347,518 | 115,457 |
| total current assets | 49,748,621 | 40,657,399 |
| total assets | 124,528,762 | 111,890,512 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 16,126,084 | 14,352,812 |
| Group/Directors Accounts | 1 | 0 |
| other short term finances | 0 | 140,590 |
| hp & lease commitments | 253,743 | 385,642 |
| other current liabilities | 11,958,232 | 9,088,908 |
| total current liabilities | 28,338,061 | 23,967,955 |
| loans | 56,728,919 | 64,875,902 |
| hp & lease commitments | 248,226 | 225,416 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 5,946,414 | 8,284,636 |
| total long term liabilities | 33,589,440 | 36,580,270 |
| total liabilities | 61,927,501 | 60,548,225 |
| net assets | 62,601,261 | 51,342,287 |
| total shareholders funds | 62,601,261 | 51,342,287 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -22,766,745 | -66,120,013 |
| Depreciation | 2,565,800 | 3,997,015 |
| Amortisation | 4,394,011 | 2,451,303 |
| Tax | 5,836,091 | 8,177,820 |
| Stock | 8,723,778 | 17,017,750 |
| Debtors | 5,793,537 | 18,333,333 |
| Creditors | 1,773,272 | 14,352,812 |
| Accruals and Deferred Income | 2,869,324 | 9,088,908 |
| Deferred Taxes & Provisions | -2,338,222 | 8,284,636 |
| Cash flow from operations | -22,183,784 | -55,118,602 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | -940,613 | 1,277,097 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 1 | 0 |
| Other Short Term Loans | -140,590 | 140,590 |
| Long term loans | -8,146,983 | 64,875,902 |
| Hire Purchase and Lease Commitments | -109,089 | 611,058 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | 174,152 | -632,266 |
| cash flow from financing | 19,792,966 | 174,912,029 |
| cash and cash equivalents | ||
| cash | -699,408 | 5,583,568 |
| overdraft | 0 | 0 |
| change in cash | -699,408 | 5,583,568 |
argenta midco 2 limited Credit Report and Business Information
Argenta Midco 2 Limited Competitor Analysis
Perform a competitor analysis for argenta midco 2 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC2M area or any other competitors across 12 key performance metrics.
argenta midco 2 limited Ownership
ARGENTA MIDCO 2 LIMITED group structure
Argenta Midco 2 Limited has 1 subsidiary company.
Ultimate parent company
MERCURIO MIDCO LTD
#0135659
2 parents
ARGENTA MIDCO 2 LIMITED
12988372
1 subsidiary
argenta midco 2 limited directors
Argenta Midco 2 Limited currently has 1 director, Mr Kugan Sathiyanandarajah serving since Nov 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kugan Sathiyanandarajah | England | 38 years | Nov 2020 | - | Director |
P&L
December 2022turnover
76.3m
+34%
operating profit
-22.8m
-66%
gross margin
42%
+3.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
62.6m
+0.22%
total assets
124.5m
+0.11%
cash
4.9m
-0.13%
net assets
Total assets minus all liabilities
Similar Companies
argenta midco 2 limited company details
company number
12988372
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
November 2020
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
mercurio midco 2 limited (June 2024)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
duo, level 6 280 bishopsgate, london, EC2M 4RB
Bank
-
Legal Advisor
-
argenta 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 did not find charges/mortgages relating to argenta midco 2 limited.
argenta 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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argenta midco 2 limited Companies House Filings - See Documents
| date | description | view/download |
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