coventry municipal holdings limited
coventry municipal holdings limited Company Information
Company Number
13705254
Next Accounts
51 days late
Shareholders
the council of the city of coventry
Group Structure
View All
Industry
Non-trading company
+2Registered Address
council house earl street, coventry, CV1 5RR
Website
-coventry municipal holdings limited Estimated Valuation
Pomanda estimates the enterprise value of COVENTRY MUNICIPAL HOLDINGS LIMITED at £41.2m based on a Turnover of £33.7m and 1.22x industry multiple (adjusted for size and gross margin).
coventry municipal holdings limited Estimated Valuation
Pomanda estimates the enterprise value of COVENTRY MUNICIPAL HOLDINGS LIMITED at £14.3m based on an EBITDA of £2m and a 7.01x industry multiple (adjusted for size and gross margin).
coventry municipal holdings limited Estimated Valuation
Pomanda estimates the enterprise value of COVENTRY MUNICIPAL HOLDINGS LIMITED at £10.2m based on Net Assets of £6.3m and 1.61x industry multiple (adjusted for liquidity).
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Coventry Municipal Holdings Limited Overview
Coventry Municipal Holdings Limited is a live company located in coventry, CV1 5RR with a Companies House number of 13705254. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in October 2021, it's largest shareholder is the council of the city of coventry with a 100% stake. Coventry Municipal Holdings Limited is a startup, large sized company, Pomanda has estimated its turnover at £33.7m with unknown growth in recent years.
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Coventry Municipal Holdings Limited Health Check
Pomanda's financial health check has awarded Coventry Municipal Holdings Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £33.7m, make it larger than the average company (£13.3m)
£33.7m - Coventry Municipal Holdings Limited
£13.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Coventry Municipal Holdings Limited
- - Industry AVG
Production
with a gross margin of 28.5%, this company has a comparable cost of product (34.6%)
28.5% - Coventry Municipal Holdings Limited
34.6% - Industry AVG
Profitability
an operating margin of -1.2% make it less profitable than the average company (5.5%)
-1.2% - Coventry Municipal Holdings Limited
5.5% - Industry AVG
Employees
with 548 employees, this is above the industry average (82)
548 - Coventry Municipal Holdings Limited
82 - Industry AVG
Pay Structure
on an average salary of £23.5k, the company has a lower pay structure (£42.1k)
£23.5k - Coventry Municipal Holdings Limited
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £61.5k, this is less efficient (£169.6k)
£61.5k - Coventry Municipal Holdings Limited
£169.6k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (44 days)
43 days - Coventry Municipal Holdings Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 115 days, this is slower than average (44 days)
115 days - Coventry Municipal Holdings Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (43 days)
1 days - Coventry Municipal Holdings Limited
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is average cash available to meet short term requirements (25 weeks)
22 weeks - Coventry Municipal Holdings Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.7%, this is a higher level of debt than the average (56.5%)
86.7% - Coventry Municipal Holdings Limited
56.5% - Industry AVG
COVENTRY MUNICIPAL HOLDINGS LIMITED financials
Coventry Municipal Holdings Limited's latest turnover from March 2023 is £33.7 million and the company has net assets of £6.3 million. According to their latest financial statements, Coventry Municipal Holdings Limited has 548 employees and maintains cash reserves of £4.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Turnover | 33,703,956 | 12,750,859 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 24,109,375 | 9,309,702 |
| Gross Profit | 9,594,581 | 3,441,157 |
| Admin Expenses | 10,002,215 | 3,580,923 |
| Operating Profit | -407,634 | -139,766 |
| Interest Payable | 1,533,409 | 486,952 |
| Interest Receivable | 676 | 0 |
| Pre-Tax Profit | -1,940,367 | -626,718 |
| Tax | -214,230 | -156,366 |
| Profit After Tax | -2,154,597 | -783,084 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -2,154,597 | -783,084 |
| Employee Costs | 12,869,021 | 3,498,061 |
| Number Of Employees | 548 | 338 |
| EBITDA* | 2,035,533 | 723,920 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Tangible Assets | 17,201,555 | 35,202,035 |
| Intangible Assets | 20,494,839 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 37,696,394 | 35,202,035 |
| Stock & work in progress | 75,977 | 71,350 |
| Trade Debtors | 4,038,489 | 3,805,031 |
| Group Debtors | 0 | 71,213 |
| Misc Debtors | 683,696 | 871,620 |
| Cash | 4,600,770 | 5,048,307 |
| misc current assets | 0 | 0 |
| total current assets | 9,908,208 | 10,376,797 |
| total assets | 47,604,602 | 45,578,832 |
| Bank overdraft | 0 | 0 |
| Bank loan | 2,149,697 | 216,624 |
| Trade Creditors | 7,631,728 | 4,539,485 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 479,171 |
| hp & lease commitments | 0 | 1,106,238 |
| other current liabilities | 950,134 | 3,710,741 |
| total current liabilities | 10,731,559 | 10,052,259 |
| loans | 58,581,990 | 44,968,815 |
| hp & lease commitments | 0 | 15,487,398 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 2,497,422 | 2,068,962 |
| total long term liabilities | 30,539,706 | 27,428,859 |
| total liabilities | 41,271,265 | 37,481,118 |
| net assets | 6,333,337 | 8,097,714 |
| total shareholders funds | 6,333,337 | 8,097,714 |
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -407,634 | -139,766 |
| Depreciation | 2,443,167 | 863,686 |
| Amortisation | 0 | 0 |
| Tax | -214,230 | -156,366 |
| Stock | 4,627 | 71,350 |
| Debtors | -25,679 | 4,747,864 |
| Creditors | 3,092,243 | 4,539,485 |
| Accruals and Deferred Income | -2,760,607 | 3,710,741 |
| Deferred Taxes & Provisions | 428,460 | 2,068,962 |
| Cash flow from operations | 2,602,451 | 6,067,528 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 1,933,073 | 216,624 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | -479,171 | 479,171 |
| Long term loans | 13,613,175 | 44,968,815 |
| Hire Purchase and Lease Commitments | -16,593,636 | 16,593,636 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -1,532,733 | -486,952 |
| cash flow from financing | -2,669,072 | 70,652,092 |
| cash and cash equivalents | ||
| cash | -447,537 | 5,048,307 |
| overdraft | 0 | 0 |
| change in cash | -447,537 | 5,048,307 |
coventry municipal holdings limited Credit Report and Business Information
Coventry Municipal Holdings Limited Competitor Analysis
Perform a competitor analysis for coventry municipal holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in CV1 area or any other competitors across 12 key performance metrics.
coventry municipal holdings limited Ownership
COVENTRY MUNICIPAL HOLDINGS LIMITED group structure
Coventry Municipal Holdings Limited has 3 subsidiary companies.
Ultimate parent company
THE COUNCIL OF THE CITY OF COVENTRY
#0115964
1 parent
COVENTRY MUNICIPAL HOLDINGS LIMITED
13705254
3 subsidiaries
coventry municipal holdings limited directors
Coventry Municipal Holdings Limited currently has 4 directors. The longest serving directors include Parminder Mudhar (Oct 2021) and Mr Grant McKelvie (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Parminder Mudhar | United Kingdom | 43 years | Oct 2021 | - | Director |
| Mr Grant McKelvie | United Kingdom | 46 years | Oct 2021 | - | Director |
| Mr Andrew Walster | United Kingdom | 49 years | Oct 2021 | - | Director |
| Mr Peter Fahy | United Kingdom | 52 years | Nov 2021 | - | Director |
P&L
March 2023turnover
33.7m
+164%
operating profit
-407.6k
+192%
gross margin
28.5%
+5.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
6.3m
-0.22%
total assets
47.6m
+0.04%
cash
4.6m
-0.09%
net assets
Total assets minus all liabilities
Similar Companies
coventry municipal holdings limited company details
company number
13705254
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.
74990 - Non-trading company
70100 - Activities of head offices
incorporation date
October 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
LUCKMANS DUCKETT PARKER LIMITED
address
council house earl street, coventry, CV1 5RR
Bank
-
Legal Advisor
-
coventry municipal holdings 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 coventry municipal holdings limited.
coventry municipal holdings 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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coventry municipal holdings limited Companies House Filings - See Documents
| date | description | view/download |
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