marlin holdco limited

4.5

marlin holdco limited Company Information

Share MARLIN HOLDCO LIMITED
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StartupLarge

Company Number

13467530

Website

-

Registered Address

16-19 canada square, london, E14 5ER

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 2025

Group Structure

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Directors

Martin Edsinger3 Years

Coley Brenan3 Years

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Shareholders

marlin topco limited 89.7%

grm2786 limited 8.5%

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marlin holdco limited Estimated Valuation

£308.8m

Pomanda estimates the enterprise value of MARLIN HOLDCO LIMITED at £308.8m based on a Turnover of £69.3m and 4.46x industry multiple (adjusted for size and gross margin).

marlin holdco limited Estimated Valuation

£239.5m

Pomanda estimates the enterprise value of MARLIN HOLDCO LIMITED at £239.5m based on an EBITDA of £14m and a 17.06x industry multiple (adjusted for size and gross margin).

marlin holdco limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MARLIN HOLDCO LIMITED at £0 based on Net Assets of £-61.7m and 1.86x industry multiple (adjusted for liquidity).

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Marlin Holdco Limited Overview

Marlin Holdco Limited is a live company located in london, E14 5ER with a Companies House number of 13467530. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 2021, it's largest shareholder is marlin topco limited with a 89.7% stake. Marlin Holdco Limited is a startup, large sized company, Pomanda has estimated its turnover at £69.3m with unknown growth in recent years.

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Marlin Holdco Limited Health Check

Pomanda's financial health check has awarded Marlin Holdco Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

8 Strong

positive_score

0 Regular

positive_score

3 Weak

size

Size

annual sales of £69.3m, make it larger than the average company (£19.3m)

£69.3m - Marlin Holdco Limited

£19.3m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Marlin Holdco Limited

- - Industry AVG

production

Production

with a gross margin of 84.7%, this company has a lower cost of product (36.2%)

84.7% - Marlin Holdco Limited

36.2% - Industry AVG

profitability

Profitability

an operating margin of -8.3% make it less profitable than the average company (4.6%)

-8.3% - Marlin Holdco Limited

4.6% - Industry AVG

employees

Employees

with 764 employees, this is above the industry average (107)

764 - Marlin Holdco Limited

107 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.9k, the company has a lower pay structure (£44.9k)

£32.9k - Marlin Holdco Limited

£44.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £90.7k, this is less efficient (£193.3k)

£90.7k - Marlin Holdco Limited

£193.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 5 days, this is earlier than average (45 days)

5 days - Marlin Holdco Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 131 days, this is slower than average (44 days)

131 days - Marlin Holdco Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 25 days, this is less than average (40 days)

25 days - Marlin Holdco Limited

40 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (14 weeks)

23 weeks - Marlin Holdco Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 137.5%, this is a higher level of debt than the average (69.5%)

137.5% - Marlin Holdco Limited

69.5% - Industry AVG

MARLIN HOLDCO LIMITED financials

EXPORTms excel logo

Marlin Holdco Limited's latest turnover from December 2023 is £69.3 million and the company has net assets of -£61.7 million. According to their latest financial statements, Marlin Holdco Limited has 764 employees and maintains cash reserves of £7.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021
Turnover69,312,93051,424,48518,597,874
Other Income Or Grants000
Cost Of Sales10,623,3939,093,7933,458,578
Gross Profit58,689,53742,330,69215,139,296
Admin Expenses64,412,90654,586,84421,972,939
Operating Profit-5,723,369-12,256,152-6,833,643
Interest Payable19,524,36314,467,9626,146,317
Interest Receivable132,71026,291315
Pre-Tax Profit-25,115,022-26,697,823-12,979,645
Tax1,339,443-158,732640,563
Profit After Tax-23,775,579-26,856,555-12,339,082
Dividends Paid000
Retained Profit-23,775,579-26,856,555-12,339,082
Employee Costs25,130,43519,251,7456,910,784
Number Of Employees764621429
EBITDA*14,034,0456,277,7042,246,270

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021
Tangible Assets46,979,26732,432,57525,359,769
Intangible Assets100,731,768113,607,266126,992,661
Investments & Other000
Debtors (Due After 1 year)4,352,4673,013,0243,510,525
Total Fixed Assets152,063,502149,052,865155,862,955
Stock & work in progress741,181544,964457,444
Trade Debtors1,091,4731,412,1041,363,915
Group Debtors000
Misc Debtors3,271,1433,775,6321,939,125
Cash7,247,5825,729,8247,128,944
misc current assets000
total current assets12,351,37911,462,52410,889,428
total assets164,414,881160,515,389166,752,383
Bank overdraft000
Bank loan000
Trade Creditors 3,834,9392,595,2674,601,163
Group/Directors Accounts000
other short term finances010,255,17743,619
hp & lease commitments000
other current liabilities12,451,79010,770,4399,671,785
total current liabilities16,286,72923,620,88314,316,567
loans178,478,141154,971,666144,058,461
hp & lease commitments000
Accruals and Deferred Income31,365,81019,875,9309,172,690
other liabilities000
provisions0010,301,200
total long term liabilities209,843,951174,847,596163,532,351
total liabilities226,130,680198,468,479177,848,918
net assets-61,715,799-37,953,090-11,096,535
total shareholders funds-61,715,799-37,953,090-11,096,535
Dec 2023Dec 2022Dec 2021
Operating Activities
Operating Profit-5,723,369-12,256,152-6,833,643
Depreciation6,316,2945,097,0152,365,270
Amortisation13,441,12013,436,8416,714,643
Tax1,339,443-158,732640,563
Stock196,21787,520457,444
Debtors514,3231,387,1956,813,565
Creditors1,239,672-2,005,8964,601,163
Accruals and Deferred Income13,171,23111,801,89418,844,475
Deferred Taxes & Provisions0-10,301,20010,301,200
Cash flow from operations29,073,8514,139,05529,362,662
Investing Activities
capital expenditure-21,428,608-12,221,267-161,432,343
Change in Investments000
cash flow from investments-21,428,608-12,221,267-161,432,343
Financing Activities
Bank loans000
Group/Directors Accounts000
Other Short Term Loans -10,255,17710,211,55843,619
Long term loans23,506,47510,913,205144,058,461
Hire Purchase and Lease Commitments000
other long term liabilities000
share issue12,87001,242,547
interest-19,391,653-14,441,671-6,146,002
cash flow from financing-6,127,4856,683,092139,198,625
cash and cash equivalents
cash1,517,758-1,399,1207,128,944
overdraft000
change in cash1,517,758-1,399,1207,128,944

marlin holdco limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Marlin Holdco Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for marlin holdco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in E14 area or any other competitors across 12 key performance metrics.

marlin holdco limited Ownership

MARLIN HOLDCO LIMITED group structure

Marlin Holdco Limited has 1 subsidiary company.

Ultimate parent company

STEELE OFFSHORE BLEU LLC

#0132290

2 parents

MARLIN HOLDCO LIMITED

13467530

1 subsidiary

MARLIN HOLDCO LIMITED Shareholders

marlin topco limited 89.71%
grm2786 limited 8.51%
intertrust employee benefit trustee limited 1.77%

marlin holdco limited directors

Marlin Holdco Limited currently has 6 directors. The longest serving directors include Mr Martin Edsinger (Jun 2021) and Mr Coley Brenan (Jun 2021).

officercountryagestartendrole
Mr Martin EdsingerUnited Kingdom41 years Jun 2021- Director
Mr Coley BrenanEngland46 years Jun 2021- Director
Mr Colin WaggettEngland55 years Jul 2021- Director
Mrs Suzanne ClarksonEngland40 years Sep 2023- Director
Mr Sean HarrisonEngland53 years Aug 2024- Director
Mr Jeffrey SingletonEngland49 years Aug 2024- Director

P&L

December 2023

turnover

69.3m

+35%

operating profit

-5.7m

-53%

gross margin

84.7%

+2.86%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-61.7m

+0.63%

total assets

164.4m

+0.02%

cash

7.2m

+0.26%

net assets

Total assets minus all liabilities

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marlin holdco limited company details

company number

13467530

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

June 2021

age

3

incorporated

UK

ultimate parent company

STEELE OFFSHORE BLEU LLC

accounts

Group

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

ERNST & YOUNG LLP

address

16-19 canada square, london, E14 5ER

Bank

-

Legal Advisor

-

marlin holdco 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 marlin holdco limited.

charges

marlin holdco limited Companies House Filings - See Documents

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