parity midco limited
parity midco limited Company Information
Company Number
13802754
Website
-Registered Address
2 copthall avenue, london, EC2R 7DA
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
parity topco limited 100%
parity midco limited Estimated Valuation
Pomanda estimates the enterprise value of PARITY MIDCO LIMITED at £46.7m based on a Turnover of £23.4m and 1.99x industry multiple (adjusted for size and gross margin).
parity midco limited Estimated Valuation
Pomanda estimates the enterprise value of PARITY MIDCO LIMITED at £43.9m based on an EBITDA of £5.8m and a 7.56x industry multiple (adjusted for size and gross margin).
parity midco limited Estimated Valuation
Pomanda estimates the enterprise value of PARITY MIDCO LIMITED at £441.7m based on Net Assets of £258.3m and 1.71x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Parity Midco Limited Overview
Parity Midco Limited is a live company located in london, EC2R 7DA with a Companies House number of 13802754. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2021, it's largest shareholder is parity topco limited with a 100% stake. Parity Midco Limited is a startup, large sized company, Pomanda has estimated its turnover at £23.4m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Parity Midco Limited Health Check
Pomanda's financial health check has awarded Parity Midco Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £23.4m, make it larger than the average company (£18.4m)
£23.4m - Parity Midco Limited
£18.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Parity Midco Limited
- - Industry AVG
Production
with a gross margin of 35%, this company has a comparable cost of product (35%)
35% - Parity Midco Limited
35% - Industry AVG
Profitability
an operating margin of -123.7% make it less profitable than the average company (4.9%)
-123.7% - Parity Midco Limited
4.9% - Industry AVG
Employees
with 118 employees, this is similar to the industry average (106)
118 - Parity Midco Limited
106 - Industry AVG
Pay Structure
on an average salary of £71.3k, the company has a higher pay structure (£41.8k)
£71.3k - Parity Midco Limited
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £198.7k, this is equally as efficient (£180.2k)
£198.7k - Parity Midco Limited
£180.2k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (46 days)
81 days - Parity Midco Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (46 days)
10 days - Parity Midco Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Parity Midco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 71 weeks, this is more cash available to meet short term requirements (15 weeks)
71 weeks - Parity Midco Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.5%, this is a lower level of debt than the average (69.2%)
45.5% - Parity Midco Limited
69.2% - Industry AVG
PARITY MIDCO LIMITED financials
Parity Midco Limited's latest turnover from March 2023 is £23.4 million and the company has net assets of £258.3 million. According to their latest financial statements, Parity Midco Limited has 118 employees and maintains cash reserves of £9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | |
|---|---|
| Turnover | 23,445,000 |
| Other Income Or Grants | |
| Cost Of Sales | |
| Gross Profit | |
| Admin Expenses | |
| Operating Profit | -28,998,000 |
| Interest Payable | 12,895,000 |
| Interest Receivable | 133,000 |
| Pre-Tax Profit | -39,526,000 |
| Tax | 2,931,000 |
| Profit After Tax | -36,595,000 |
| Dividends Paid | 0 |
| Retained Profit | -36,595,000 |
| Employee Costs | 8,411,000 |
| Number Of Employees | 118 |
| EBITDA* | 5,807,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | |
|---|---|
| Tangible Assets | 1,007,000 |
| Intangible Assets | 449,483,000 |
| Investments & Other | 3,352,000 |
| Debtors (Due After 1 year) | 2,500,000 |
| Total Fixed Assets | 456,342,000 |
| Stock & work in progress | 0 |
| Trade Debtors | 5,261,000 |
| Group Debtors | 213,000 |
| Misc Debtors | 3,257,000 |
| Cash | 8,993,000 |
| misc current assets | 0 |
| total current assets | 17,724,000 |
| total assets | 474,066,000 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 456,000 |
| Group/Directors Accounts | 13,000 |
| other short term finances | 576,000 |
| hp & lease commitments | 0 |
| other current liabilities | 5,528,000 |
| total current liabilities | 6,573,000 |
| loans | 162,098,000 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 47,115,000 |
| total long term liabilities | 209,213,000 |
| total liabilities | 215,786,000 |
| net assets | 258,280,000 |
| total shareholders funds | 258,280,000 |
| Mar 2023 | |
|---|---|
| Operating Activities | |
| Operating Profit | -28,998,000 |
| Depreciation | 281,000 |
| Amortisation | 34,524,000 |
| Tax | 2,931,000 |
| Stock | 0 |
| Debtors | 11,231,000 |
| Creditors | 456,000 |
| Accruals and Deferred Income | 5,528,000 |
| Deferred Taxes & Provisions | 47,115,000 |
| Cash flow from operations | 50,606,000 |
| Investing Activities | |
| capital expenditure | 0 |
| Change in Investments | 3,352,000 |
| cash flow from investments | -3,352,000 |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 13,000 |
| Other Short Term Loans | 576,000 |
| Long term loans | 162,098,000 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 0 |
| share issue | |
| interest | -12,762,000 |
| cash flow from financing | 444,800,000 |
| cash and cash equivalents | |
| cash | 8,993,000 |
| overdraft | 0 |
| change in cash | 8,993,000 |
parity midco limited Credit Report and Business Information
Parity Midco Limited Competitor Analysis
Perform a competitor analysis for parity midco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
parity midco limited Ownership
PARITY MIDCO LIMITED group structure
Parity Midco Limited has 1 subsidiary company.
Ultimate parent company
PARITY TOPCO LTD
#0150111
1 parent
PARITY MIDCO LIMITED
13802754
1 subsidiary
parity midco limited directors
Parity Midco Limited currently has 6 directors. The longest serving directors include Mr Sebastien Briens (Dec 2021) and Mr Julian Masters (Jun 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sebastien Briens | United Kingdom | 51 years | Dec 2021 | - | Director |
| Mr Julian Masters | United Kingdom | 50 years | Jun 2022 | - | Director |
| Mr Julian Masters | United Kingdom | 50 years | Jun 2022 | - | Director |
| Miss Fiona McCormick | United Kingdom | 39 years | Aug 2023 | - | Director |
| Mr Thomas Martin | United Kingdom | 35 years | Feb 2024 | - | Director |
| Mr Jatinder Soomal | United Kingdom | 41 years | Feb 2024 | - | Director |
P&L
March 2023turnover
23.4m
0%
operating profit
-29m
0%
gross margin
35.1%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
258.3m
0%
total assets
474.1m
0%
cash
9m
0%
net assets
Total assets minus all liabilities
Similar Companies
parity midco limited company details
company number
13802754
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
December 2021
age
3
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
2 copthall avenue, london, EC2R 7DA
last accounts submitted
March 2023
parity 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 1 charges/mortgages relating to parity midco limited. Currently there are 1 open charges and 0 have been satisfied in the past.
parity midco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
