vgl midco limited
vgl midco limited Company Information
Company Number
13500306
Next Accounts
20 days late
Shareholders
vgl holdco limited
facility c limited
View AllGroup 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
acre house 11-15 william road, london, NW1 3ER
Website
-vgl midco limited Estimated Valuation
Pomanda estimates the enterprise value of VGL MIDCO LIMITED at £5.2b based on a Turnover of £2.1b and 2.41x industry multiple (adjusted for size and gross margin).
vgl midco limited Estimated Valuation
Pomanda estimates the enterprise value of VGL MIDCO LIMITED at £2.2b based on an EBITDA of £220.4m and a 10.08x industry multiple (adjusted for size and gross margin).
vgl midco limited Estimated Valuation
Pomanda estimates the enterprise value of VGL MIDCO LIMITED at £169m based on Net Assets of £129.5m and 1.31x industry multiple (adjusted for liquidity).
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Vgl Midco Limited Overview
Vgl Midco Limited is a live company located in london, NW1 3ER with a Companies House number of 13500306. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in July 2021, it's largest shareholder is vgl holdco limited with a 100% stake. Vgl Midco Limited is a startup, mega sized company, Pomanda has estimated its turnover at £2.1b with unknown growth in recent years.
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Vgl Midco Limited Health Check
Pomanda's financial health check has awarded Vgl Midco Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £2.1b, make it larger than the average company (£18.6m)
£2.1b - Vgl Midco Limited
£18.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Vgl Midco Limited
- - Industry AVG
Production
with a gross margin of 35.4%, this company has a comparable cost of product (34.8%)
35.4% - Vgl Midco Limited
34.8% - Industry AVG
Profitability
an operating margin of 7.5% make it more profitable than the average company (4.7%)
7.5% - Vgl Midco Limited
4.7% - Industry AVG
Employees
with 3542 employees, this is above the industry average (103)
3542 - Vgl Midco Limited
103 - Industry AVG
Pay Structure
on an average salary of £53.2k, the company has a higher pay structure (£42.5k)
£53.2k - Vgl Midco Limited
£42.5k - Industry AVG
Efficiency
resulting in sales per employee of £606.2k, this is more efficient (£184.7k)
£606.2k - Vgl Midco Limited
£184.7k - Industry AVG
Debtor Days
it gets paid by customers after 287 days, this is later than average (45 days)
287 days - Vgl Midco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (45 days)
102 days - Vgl Midco Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 27 days, this is less than average (39 days)
27 days - Vgl Midco Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)
2 weeks - Vgl Midco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.2%, this is a higher level of debt than the average (69.1%)
96.2% - Vgl Midco Limited
69.1% - Industry AVG
VGL MIDCO LIMITED financials
Vgl Midco Limited's latest turnover from June 2023 is £2.1 billion and the company has net assets of £129.5 million. According to their latest financial statements, Vgl Midco Limited has 3,542 employees and maintains cash reserves of £39.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | |
|---|---|---|
| Turnover | 2,147,000,000 | 2,148,300,000 |
| Other Income Or Grants | ||
| Cost Of Sales | 1,386,700,000 | 1,371,600,000 |
| Gross Profit | 760,300,000 | 776,700,000 |
| Admin Expenses | 600,300,000 | 589,800,000 |
| Operating Profit | 160,000,000 | 186,900,000 |
| Interest Payable | 207,100,000 | 166,300,000 |
| Interest Receivable | 1,400,000 | |
| Pre-Tax Profit | -45,700,000 | 20,600,000 |
| Tax | -8,200,000 | -7,600,000 |
| Profit After Tax | -53,900,000 | 13,000,000 |
| Dividends Paid | ||
| Retained Profit | -53,900,000 | 13,000,000 |
| Employee Costs | 188,600,000 | 181,200,000 |
| Number Of Employees | 3,542 | 3,591 |
| EBITDA* | 220,400,000 | 251,900,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | |
|---|---|---|
| Tangible Assets | 1,251,000,000 | 1,256,600,000 |
| Intangible Assets | 472,900,000 | 462,100,000 |
| Investments & Other | ||
| Debtors (Due After 1 year) | 997,600,000 | 990,400,000 |
| Total Fixed Assets | 1,540,300,000 | 1,527,900,000 |
| Stock & work in progress | 105,700,000 | 112,100,000 |
| Trade Debtors | 1,688,200,000 | 1,394,100,000 |
| Group Debtors | 12,100,000 | |
| Misc Debtors | 239,400,000 | |
| Cash | 39,600,000 | 43,400,000 |
| misc current assets | 5,100,000 | |
| total current assets | 1,834,700,000 | 1,807,300,000 |
| total assets | 3,375,000,000 | 3,335,200,000 |
| Bank overdraft | ||
| Bank loan | 6,500,000 | |
| Trade Creditors | 390,400,000 | 414,700,000 |
| Group/Directors Accounts | ||
| other short term finances | 125,800,000 | 73,500,000 |
| hp & lease commitments | 5,500,000 | 1,100,000 |
| other current liabilities | 267,500,000 | 192,100,000 |
| total current liabilities | 789,200,000 | 687,900,000 |
| loans | 4,854,800,000 | 4,866,600,000 |
| hp & lease commitments | 91,000,000 | 96,800,000 |
| Accruals and Deferred Income | 23,400,000 | 25,200,000 |
| other liabilities | ||
| provisions | 11,000,000 | 14,000,000 |
| total long term liabilities | 2,456,300,000 | 2,465,500,000 |
| total liabilities | 3,245,500,000 | 3,153,400,000 |
| net assets | 129,500,000 | 181,800,000 |
| total shareholders funds | 129,500,000 | 181,800,000 |
| Jun 2023 | Jun 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 160,000,000 | 186,900,000 |
| Depreciation | 7,200,000 | 10,600,000 |
| Amortisation | 53,200,000 | 54,400,000 |
| Tax | -8,200,000 | -7,600,000 |
| Stock | -6,400,000 | 112,100,000 |
| Debtors | 49,800,000 | 2,636,000,000 |
| Creditors | -24,300,000 | 414,700,000 |
| Accruals and Deferred Income | 73,600,000 | 217,300,000 |
| Deferred Taxes & Provisions | -3,000,000 | 14,000,000 |
| Cash flow from operations | 215,100,000 | -1,857,800,000 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | -6,500,000 | 6,500,000 |
| Group/Directors Accounts | ||
| Other Short Term Loans | 52,300,000 | 73,500,000 |
| Long term loans | -11,800,000 | 4,866,600,000 |
| Hire Purchase and Lease Commitments | -1,400,000 | 97,900,000 |
| other long term liabilities | ||
| share issue | ||
| interest | -205,700,000 | -166,300,000 |
| cash flow from financing | -171,500,000 | 5,047,000,000 |
| cash and cash equivalents | ||
| cash | -3,800,000 | 43,400,000 |
| overdraft | ||
| change in cash | -3,800,000 | 43,400,000 |
vgl midco limited Credit Report and Business Information
Vgl Midco Limited Competitor Analysis
Perform a competitor analysis for vgl midco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in NW1 area or any other competitors across 12 key performance metrics.
vgl midco limited Ownership
VGL MIDCO LIMITED group structure
Vgl Midco Limited has 1 subsidiary company.
Ultimate parent company
LW HOLDINGS LTD
#0083103
2 parents
VGL MIDCO LIMITED
13500306
1 subsidiary
vgl midco limited directors
Vgl Midco Limited currently has 6 directors. The longest serving directors include Mr Aidan Barclay (Jul 2021) and Mr Philip Peters (Jul 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Aidan Barclay | United Kingdom | 69 years | Jul 2021 | - | Director |
| Mr Philip Peters | United Kingdom | 67 years | Jul 2021 | - | Director |
| Mr Aidan Barclay | United Kingdom | 69 years | Jul 2021 | - | Director |
| Mr Howard Barclay | United Kingdom | 65 years | Jul 2021 | - | Director |
| Mr Mann El Aydi | England | 47 years | Jul 2024 | - | Director |
| Mr Tajinder Sidhu | England | 47 years | Jul 2024 | - | Director |
P&L
June 2023turnover
2.1b
0%
operating profit
160m
-14%
gross margin
35.5%
-2.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
129.5m
-0.29%
total assets
3.4b
+0.01%
cash
39.6m
-0.09%
net assets
Total assets minus all liabilities
Similar Companies
vgl midco limited company details
company number
13500306
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
July 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
acre house 11-15 william road, london, NW1 3ER
Bank
-
Legal Advisor
-
vgl midco 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 3 charges/mortgages relating to vgl midco limited. Currently there are 3 open charges and 0 have been satisfied in the past.
vgl midco 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 VGL MIDCO LIMITED. This can take several minutes, an email will notify you when this has completed.
vgl midco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
