bidco 3 limited
bidco 3 limited Company Information
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
14th floor 82 king street, manchester, M2 4WQ
Website
-bidco 3 limited Estimated Valuation
Pomanda estimates the enterprise value of BIDCO 3 LIMITED at £928m based on a Turnover of £298.6m and 3.11x industry multiple (adjusted for size and gross margin).
bidco 3 limited Estimated Valuation
Pomanda estimates the enterprise value of BIDCO 3 LIMITED at £67.6m based on an EBITDA of £5.2m and a 12.99x industry multiple (adjusted for size and gross margin).
bidco 3 limited Estimated Valuation
Pomanda estimates the enterprise value of BIDCO 3 LIMITED at £0 based on Net Assets of £-10.5m and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Bidco 3 Limited Overview
Bidco 3 Limited is a live company located in manchester, M2 4WQ with a Companies House number of 13244971. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in March 2021, it's largest shareholder is richard hughes with a 100% stake. Bidco 3 Limited is a startup, mega sized company, Pomanda has estimated its turnover at £298.6m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Bidco 3 Limited Health Check
Pomanda's financial health check has awarded Bidco 3 Limited a 2 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 £298.6m, make it larger than the average company (£19.1m)
£298.6m - Bidco 3 Limited
£19.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Bidco 3 Limited
- - Industry AVG
Production
with a gross margin of 55.2%, this company has a lower cost of product (34.8%)
55.2% - Bidco 3 Limited
34.8% - Industry AVG
Profitability
an operating margin of -3.1% make it less profitable than the average company (4.6%)
-3.1% - Bidco 3 Limited
4.6% - Industry AVG
Employees
with 2581 employees, this is above the industry average (105)
2581 - Bidco 3 Limited
105 - Industry AVG
Pay Structure
on an average salary of £38.7k, the company has an equivalent pay structure (£44.5k)
£38.7k - Bidco 3 Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £115.7k, this is less efficient (£190.7k)
£115.7k - Bidco 3 Limited
£190.7k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is later than average (45 days)
60 days - Bidco 3 Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 122 days, this is slower than average (43 days)
122 days - Bidco 3 Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 51 days, this is more than average (35 days)
51 days - Bidco 3 Limited
35 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (14 weeks)
8 weeks - Bidco 3 Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 105.1%, this is a higher level of debt than the average (68.7%)
105.1% - Bidco 3 Limited
68.7% - Industry AVG
BIDCO 3 LIMITED financials
Bidco 3 Limited's latest turnover from March 2024 is £298.6 million and the company has net assets of -£10.5 million. According to their latest financial statements, Bidco 3 Limited has 2,581 employees and maintains cash reserves of £18 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Turnover | 298,619,000 | 325,332,000 | 322,354,000 |
| Other Income Or Grants | |||
| Cost Of Sales | 133,714,000 | 146,599,000 | 134,238,000 |
| Gross Profit | 164,905,000 | 178,733,000 | 188,116,000 |
| Admin Expenses | 174,234,000 | 181,248,000 | 180,769,000 |
| Operating Profit | -9,329,000 | -2,515,000 | 7,347,000 |
| Interest Payable | 5,163,000 | 4,423,000 | 3,686,000 |
| Interest Receivable | 153,000 | 754,000 | 97,000 |
| Pre-Tax Profit | -14,339,000 | -6,184,000 | 3,758,000 |
| Tax | 362,000 | 265,000 | 340,000 |
| Profit After Tax | -13,977,000 | -5,919,000 | 4,098,000 |
| Dividends Paid | |||
| Retained Profit | -16,080,000 | -6,798,000 | 3,590,000 |
| Employee Costs | 99,963,000 | 101,953,000 | 100,439,000 |
| Number Of Employees | 2,581 | 2,598 | 2,602 |
| EBITDA* | 5,207,000 | 12,564,000 | 17,328,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Tangible Assets | 58,442,000 | 63,122,000 | 59,157,000 |
| Intangible Assets | 29,323,000 | 33,528,000 | 37,719,000 |
| Investments & Other | 1,598,000 | 25,000 | 24,000 |
| Debtors (Due After 1 year) | 6,819,000 | ||
| Total Fixed Assets | 89,363,000 | 96,675,000 | 103,719,000 |
| Stock & work in progress | 19,048,000 | 24,662,000 | 22,161,000 |
| Trade Debtors | 49,351,000 | 51,012,000 | 66,337,000 |
| Group Debtors | |||
| Misc Debtors | 29,079,000 | 37,235,000 | |
| Cash | 18,044,000 | 28,040,000 | 37,470,000 |
| misc current assets | |||
| total current assets | 115,522,000 | 140,949,000 | 125,968,000 |
| total assets | 204,885,000 | 237,624,000 | 229,687,000 |
| Bank overdraft | 6,360,000 | 11,271,000 | 9,779,000 |
| Bank loan | 2,460,000 | 4,078,000 | 5,868,000 |
| Trade Creditors | 44,983,000 | 44,100,000 | 57,207,000 |
| Group/Directors Accounts | 1,246,000 | ||
| other short term finances | 1,550,000 | 38,222,000 | 35,452,000 |
| hp & lease commitments | 4,413,000 | 4,458,000 | 4,559,000 |
| other current liabilities | 45,710,000 | 44,689,000 | 24,885,000 |
| total current liabilities | 105,476,000 | 146,818,000 | 138,996,000 |
| loans | 97,931,000 | 56,389,000 | 65,459,000 |
| hp & lease commitments | 6,978,000 | 9,941,000 | |
| Accruals and Deferred Income | |||
| other liabilities | 593,000 | 9,560,000 | 10,614,000 |
| provisions | 1,515,000 | 2,769,000 | 5,249,000 |
| total long term liabilities | 109,941,000 | 83,339,000 | 81,322,000 |
| total liabilities | 215,417,000 | 230,157,000 | 220,318,000 |
| net assets | -10,532,000 | 4,227,000 | 5,891,000 |
| total shareholders funds | -10,532,000 | 4,227,000 | 5,891,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -9,329,000 | -2,515,000 | 7,347,000 |
| Depreciation | 10,346,000 | 10,888,000 | 9,981,000 |
| Amortisation | 4,190,000 | 4,191,000 | |
| Tax | 362,000 | 265,000 | 340,000 |
| Stock | -5,614,000 | 2,501,000 | 22,161,000 |
| Debtors | -9,817,000 | 15,091,000 | 73,156,000 |
| Creditors | 883,000 | -13,107,000 | 57,207,000 |
| Accruals and Deferred Income | 1,021,000 | 19,804,000 | 24,885,000 |
| Deferred Taxes & Provisions | -1,254,000 | -2,480,000 | 5,249,000 |
| Cash flow from operations | 21,650,000 | -546,000 | 9,692,000 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 1,573,000 | 1,000 | 24,000 |
| cash flow from investments | -1,573,000 | -1,000 | -24,000 |
| Financing Activities | |||
| Bank loans | -1,618,000 | -1,790,000 | 5,868,000 |
| Group/Directors Accounts | -1,246,000 | 1,246,000 | |
| Other Short Term Loans | -36,672,000 | 2,770,000 | 35,452,000 |
| Long term loans | 41,542,000 | -9,070,000 | 65,459,000 |
| Hire Purchase and Lease Commitments | -3,008,000 | 9,840,000 | 4,559,000 |
| other long term liabilities | -8,967,000 | -1,054,000 | 10,614,000 |
| share issue | |||
| interest | -5,010,000 | -3,669,000 | -3,589,000 |
| cash flow from financing | -12,412,000 | 915,000 | 121,910,000 |
| cash and cash equivalents | |||
| cash | -9,996,000 | -9,430,000 | 37,470,000 |
| overdraft | -4,911,000 | 1,492,000 | 9,779,000 |
| change in cash | -5,085,000 | -10,922,000 | 27,691,000 |
bidco 3 limited Credit Report and Business Information
Bidco 3 Limited Competitor Analysis
Perform a competitor analysis for bidco 3 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.
bidco 3 limited Ownership
BIDCO 3 LIMITED group structure
Bidco 3 Limited has 1 subsidiary company.
bidco 3 limited directors
Bidco 3 Limited currently has 1 director, Mr Richard Hughes serving since Mar 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Hughes | United Kingdom | 56 years | Mar 2021 | - | Director |
P&L
March 2024turnover
298.6m
-8%
operating profit
-9.3m
+271%
gross margin
55.3%
+0.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-10.5m
-3.49%
total assets
204.9m
-0.14%
cash
18m
-0.36%
net assets
Total assets minus all liabilities
Similar Companies
bidco 3 limited company details
company number
13244971
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
March 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
KPMG LLP
address
14th floor 82 king street, manchester, M2 4WQ
Bank
-
Legal Advisor
-
bidco 3 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 bidco 3 limited.
bidco 3 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.
Click to start generating capital raising & share issue transactions for BIDCO 3 LIMITED. This can take several minutes, an email will notify you when this has completed.
bidco 3 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
