atg midco 2 limited
atg midco 2 limited Company Information
Company Number
13297721
Website
-Registered Address
vinters business park, maidstone studios, maidstone, kent, ME14 5NZ
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
atg midco limited 100%
atg midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ATG MIDCO 2 LIMITED at £55.2m based on a Turnover of £42.2m and 1.31x industry multiple (adjusted for size and gross margin).
atg midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ATG MIDCO 2 LIMITED at £107.1m based on an EBITDA of £10.4m and a 10.3x industry multiple (adjusted for size and gross margin).
atg midco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ATG MIDCO 2 LIMITED at £0 based on Net Assets of £-8.5m and 0.52x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Atg Midco 2 Limited Overview
Atg Midco 2 Limited is a live company located in maidstone, ME14 5NZ with a Companies House number of 13297721. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2021, it's largest shareholder is atg midco limited with a 100% stake. Atg Midco 2 Limited is a startup, large sized company, Pomanda has estimated its turnover at £42.2m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Atg Midco 2 Limited Health Check
Pomanda's financial health check has awarded Atg Midco 2 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £42.2m, make it larger than the average company (£3.7m)
£42.2m - Atg Midco 2 Limited
£3.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Atg Midco 2 Limited
- - Industry AVG
Production
with a gross margin of 48.9%, this company has a lower cost of product (37.7%)
48.9% - Atg Midco 2 Limited
37.7% - Industry AVG
Profitability
an operating margin of -4.9% make it less profitable than the average company (5.9%)
-4.9% - Atg Midco 2 Limited
5.9% - Industry AVG
Employees
with 340 employees, this is above the industry average (23)
340 - Atg Midco 2 Limited
23 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£48k)
£46.6k - Atg Midco 2 Limited
£48k - Industry AVG
Efficiency
resulting in sales per employee of £124k, this is less efficient (£152.9k)
£124k - Atg Midco 2 Limited
£152.9k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (41 days)
81 days - Atg Midco 2 Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (32 days)
20 days - Atg Midco 2 Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Atg Midco 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (24 weeks)
34 weeks - Atg Midco 2 Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109%, this is a higher level of debt than the average (61.3%)
109% - Atg Midco 2 Limited
61.3% - Industry AVG
ATG MIDCO 2 LIMITED financials
Atg Midco 2 Limited's latest turnover from October 2023 is £42.2 million and the company has net assets of -£8.5 million. According to their latest financial statements, Atg Midco 2 Limited has 340 employees and maintains cash reserves of £7.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|
| Turnover | 42,168,741 | 40,147,868 | 21,308,961 |
| Other Income Or Grants | 0 | 0 | 0 |
| Cost Of Sales | 21,534,754 | 20,739,028 | 9,388,952 |
| Gross Profit | 20,633,987 | 19,408,840 | 11,920,009 |
| Admin Expenses | 22,681,583 | 21,522,568 | 12,206,383 |
| Operating Profit | -2,047,596 | -2,113,728 | -286,374 |
| Interest Payable | 7,202,761 | 6,425,072 | 3,078,773 |
| Interest Receivable | 30,279 | 7,289 | 244 |
| Pre-Tax Profit | 7,228,377 | -8,531,511 | -3,364,903 |
| Tax | -1,378,446 | -1,186,333 | -1,525,491 |
| Profit After Tax | 5,849,931 | -9,717,844 | -4,890,394 |
| Dividends Paid | 0 | 0 | 0 |
| Retained Profit | 5,849,931 | -9,717,844 | -4,890,394 |
| Employee Costs | 15,857,288 | 14,416,482 | 7,282,482 |
| Number Of Employees | 340 | 343 | 330 |
| EBITDA* | 10,395,355 | 9,686,174 | -286,374 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|
| Tangible Assets | 170,763 | 259,112 | 351,508 |
| Intangible Assets | 74,742,591 | 83,414,938 | 91,302,292 |
| Investments & Other | 0 | 291,086 | 291,086 |
| Debtors (Due After 1 year) | 208,101 | 217,725 | 0 |
| Total Fixed Assets | 75,121,455 | 84,182,861 | 91,944,886 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 9,363,917 | 9,789,015 | 7,927,135 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 1,601,491 | 2,294,134 | 1,618,981 |
| Cash | 7,826,801 | 5,745,071 | 3,571,431 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 18,792,209 | 17,828,220 | 13,117,547 |
| total assets | 93,913,664 | 102,011,081 | 105,062,433 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 1,208,923 | 1,964,848 | 1,989,671 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 10,749,137 | 8,722,119 | 7,203,950 |
| total current liabilities | 11,958,060 | 10,686,967 | 9,193,621 |
| loans | 88,062,233 | 103,272,338 | 99,369,165 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 2,374,554 | 2,401,352 | 1,351,979 |
| total long term liabilities | 90,436,787 | 105,673,690 | 100,721,144 |
| total liabilities | 102,394,847 | 116,360,657 | 109,914,765 |
| net assets | -8,481,183 | -14,349,576 | -4,852,332 |
| total shareholders funds | -8,481,183 | -14,349,576 | -4,852,332 |
| Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -2,047,596 | -2,113,728 | -286,374 |
| Depreciation | 162,966 | 211,382 | 0 |
| Amortisation | 12,279,985 | 11,588,520 | 0 |
| Tax | -1,378,446 | -1,186,333 | -1,525,491 |
| Stock | 0 | 0 | 0 |
| Debtors | -1,127,365 | 2,754,758 | 9,546,116 |
| Creditors | -755,925 | -24,823 | 1,989,671 |
| Accruals and Deferred Income | 2,027,018 | 1,518,169 | 7,203,950 |
| Deferred Taxes & Provisions | -26,798 | 1,049,373 | 1,351,979 |
| Cash flow from operations | 11,388,569 | 8,287,802 | -812,381 |
| Investing Activities | |||
| capital expenditure | 0 | 0 | 0 |
| Change in Investments | -291,086 | 0 | 291,086 |
| cash flow from investments | 291,086 | 0 | -291,086 |
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | -15,210,105 | 3,903,173 | 99,369,165 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | -7,172,482 | -6,417,783 | -3,078,529 |
| cash flow from financing | -22,364,125 | -2,294,010 | 96,328,698 |
| cash and cash equivalents | |||
| cash | 2,081,730 | 2,173,640 | 3,571,431 |
| overdraft | 0 | 0 | 0 |
| change in cash | 2,081,730 | 2,173,640 | 3,571,431 |
atg midco 2 limited Credit Report and Business Information
Atg Midco 2 Limited Competitor Analysis
Perform a competitor analysis for atg midco 2 limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in ME14 area or any other competitors across 12 key performance metrics.
atg midco 2 limited Ownership
ATG MIDCO 2 LIMITED group structure
Atg Midco 2 Limited has 1 subsidiary company.
Ultimate parent company
2 parents
ATG MIDCO 2 LIMITED
13297721
1 subsidiary
atg midco 2 limited directors
Atg Midco 2 Limited currently has 3 directors. The longest serving directors include Mr Timothy Smith (Apr 2021) and Mr Craig Duff (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Smith | England | 49 years | Apr 2021 | - | Director |
| Mr Craig Duff | England | 40 years | May 2024 | - | Director |
| Mr Anthony Johnson | England | 57 years | May 2024 | - | Director |
P&L
October 2023turnover
42.2m
+5%
operating profit
-2m
-3%
gross margin
49%
+1.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
-8.5m
-0.41%
total assets
93.9m
-0.08%
cash
7.8m
+0.36%
net assets
Total assets minus all liabilities
Similar Companies
atg midco 2 limited company details
company number
13297721
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2021
age
3
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
October 2023
address
vinters business park, maidstone studios, maidstone, kent, ME14 5NZ
accountant
-
auditor
CLA EVELYN PARTNERS LIMITED
atg 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 atg midco 2 limited. Currently there are 0 open charges and 1 have been satisfied in the past.
atg midco 2 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
