vgl midco limited

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vgl midco limited Company Information

Share VGL MIDCO LIMITED

Company Number

13500306

Shareholders

vgl holdco limited

facility c limited

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Group Structure

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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

£5.2b

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

£2.2b

Pomanda estimates the enterprise value of VGL MIDCO LIMITED at £2.2b based on an EBITDA of £220.4m and a 10.07x industry multiple (adjusted for size and gross margin).

vgl midco limited Estimated Valuation

£169m

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

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

4 Weak

size

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

Growth

There is insufficient data available for this Key Performance Indicator!

- - Vgl Midco Limited

- - Industry AVG

production

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

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

Employees

with 3542 employees, this is above the industry average (104)

3542 - Vgl Midco Limited

104 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £606.2k, this is more efficient (£184.8k)

£606.2k - Vgl Midco Limited

£184.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 287 days, this is later than average (46 days)

287 days - Vgl Midco Limited

46 days - Industry AVG

creditordays

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

stockdays

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

cashbalance

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

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 96.2%, this is a higher level of debt than the average (69.2%)

96.2% - Vgl Midco Limited

69.2% - Industry AVG

VGL MIDCO LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Jun 2023Jun 2022
Turnover2,147,000,0002,148,300,000
Other Income Or Grants
Cost Of Sales1,386,700,0001,371,600,000
Gross Profit760,300,000776,700,000
Admin Expenses600,300,000589,800,000
Operating Profit160,000,000186,900,000
Interest Payable207,100,000166,300,000
Interest Receivable1,400,000
Pre-Tax Profit-45,700,00020,600,000
Tax-8,200,000-7,600,000
Profit After Tax-53,900,00013,000,000
Dividends Paid
Retained Profit-53,900,00013,000,000
Employee Costs188,600,000181,200,000
Number Of Employees3,5423,591
EBITDA*220,400,000251,900,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022
Tangible Assets1,251,000,0001,256,600,000
Intangible Assets472,900,000462,100,000
Investments & Other
Debtors (Due After 1 year)997,600,000990,400,000
Total Fixed Assets1,540,300,0001,527,900,000
Stock & work in progress105,700,000112,100,000
Trade Debtors1,688,200,0001,394,100,000
Group Debtors12,100,000
Misc Debtors239,400,000
Cash39,600,00043,400,000
misc current assets5,100,000
total current assets1,834,700,0001,807,300,000
total assets3,375,000,0003,335,200,000
Bank overdraft
Bank loan6,500,000
Trade Creditors 390,400,000414,700,000
Group/Directors Accounts
other short term finances125,800,00073,500,000
hp & lease commitments5,500,0001,100,000
other current liabilities267,500,000192,100,000
total current liabilities789,200,000687,900,000
loans4,854,800,0004,866,600,000
hp & lease commitments91,000,00096,800,000
Accruals and Deferred Income23,400,00025,200,000
other liabilities
provisions11,000,00014,000,000
total long term liabilities2,456,300,0002,465,500,000
total liabilities3,245,500,0003,153,400,000
net assets129,500,000181,800,000
total shareholders funds129,500,000181,800,000
Jun 2023Jun 2022
Operating Activities
Operating Profit160,000,000186,900,000
Depreciation7,200,00010,600,000
Amortisation53,200,00054,400,000
Tax-8,200,000-7,600,000
Stock-6,400,000112,100,000
Debtors49,800,0002,636,000,000
Creditors-24,300,000414,700,000
Accruals and Deferred Income73,600,000217,300,000
Deferred Taxes & Provisions-3,000,00014,000,000
Cash flow from operations215,100,000-1,857,800,000
Investing Activities
capital expenditure-65,600,000-1,783,700,000
Change in Investments
cash flow from investments-65,600,000-1,783,700,000
Financing Activities
Bank loans-6,500,0006,500,000
Group/Directors Accounts
Other Short Term Loans 52,300,00073,500,000
Long term loans-11,800,0004,866,600,000
Hire Purchase and Lease Commitments-1,400,00097,900,000
other long term liabilities
share issue1,600,000168,800,000
interest-205,700,000-166,300,000
cash flow from financing-171,500,0005,047,000,000
cash and cash equivalents
cash-3,800,00043,400,000
overdraft
change in cash-3,800,00043,400,000

vgl midco 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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Vgl Midco Limited Competitor Analysis

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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 Shareholders

vgl holdco limited 100%
facility c limited 0%
ccof ii master s.a.r.l. 0%
ccof spv i. s.a.r.l. 0%
carlyle tactical private credit fund 0%
carlyle skyline credit spv s.a.r.l. 0%
carlyle bravo opportunistic credit spv s.a.r.l. 0%
carlyle ontario credit spv s.a.r.l. 0%

vgl midco limited directors

Vgl Midco Limited currently has 6 directors. The longest serving directors include Mr Philip Peters (Jul 2021) and Mr Aidan Barclay (Jul 2021).

officercountryagestartendrole
Mr Philip PetersEngland67 years Jul 2021- Director
Mr Aidan BarclayEngland69 years Jul 2021- Director
Mr Aidan BarclayUnited Kingdom69 years Jul 2021- Director
Mr Howard BarclayEngland65 years Jul 2021- Director
Mr Tajinder SidhuEngland47 years Jul 2024- Director
Mr Mann El AydiEngland47 years Jul 2024- Director

P&L

June 2023

turnover

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 2023

net assets

129.5m

-0.29%

total assets

3.4b

+0.01%

cash

39.6m

-0.09%

net assets

Total assets minus all liabilities

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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

LW HOLDINGS LTD

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.

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vgl midco limited Companies House Filings - See Documents

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