earth midco limited
earth midco limited Company Information
Company Number
13852571
Next Accounts
179 days late
Shareholders
earth topco limited
Group Structure
View All
Industry
Activities of distribution holding companies
Registered Address
parkhouse interchange, parkhouse industrial estate, newcastle-under-lyme, ST5 7FB
Website
-earth midco limited Estimated Valuation
Pomanda estimates the enterprise value of EARTH MIDCO LIMITED at £172.8m based on a Turnover of £78.7m and 2.2x industry multiple (adjusted for size and gross margin).
earth midco limited Estimated Valuation
Pomanda estimates the enterprise value of EARTH MIDCO LIMITED at £27m based on an EBITDA of £3m and a 8.99x industry multiple (adjusted for size and gross margin).
earth midco limited Estimated Valuation
Pomanda estimates the enterprise value of EARTH MIDCO LIMITED at £1.9m based on Net Assets of £1.1m and 1.68x industry multiple (adjusted for liquidity).
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Earth Midco Limited Overview
Earth Midco Limited is a live company located in newcastle-under-lyme, ST5 7FB with a Companies House number of 13852571. It operates in the activities of distribution holding companies sector, SIC Code 64204. Founded in January 2022, it's largest shareholder is earth topco limited with a 100% stake. Earth Midco Limited is a startup, large sized company, Pomanda has estimated its turnover at £78.7m with unknown growth in recent years.
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Earth Midco Limited Health Check
Pomanda's financial health check has awarded Earth Midco Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £78.7m, make it larger than the average company (£23m)
£78.7m - Earth Midco Limited
£23m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Earth Midco Limited
- - Industry AVG
Production
with a gross margin of 30.3%, this company has a comparable cost of product (26.1%)
30.3% - Earth Midco Limited
26.1% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (5.7%)
2.9% - Earth Midco Limited
5.7% - Industry AVG
Employees
with 525 employees, this is above the industry average (95)
525 - Earth Midco Limited
95 - Industry AVG
Pay Structure
on an average salary of £21.6k, the company has a lower pay structure (£38.6k)
£21.6k - Earth Midco Limited
£38.6k - Industry AVG
Efficiency
resulting in sales per employee of £149.9k, this is less efficient (£254.6k)
£149.9k - Earth Midco Limited
£254.6k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is later than average (49 days)
63 days - Earth Midco Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (41 days)
102 days - Earth Midco Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 199 days, this is more than average (71 days)
199 days - Earth Midco Limited
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (15 weeks)
9 weeks - Earth Midco Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.9%, this is a higher level of debt than the average (61.9%)
97.9% - Earth Midco Limited
61.9% - Industry AVG
EARTH MIDCO LIMITED financials
Earth Midco Limited's latest turnover from December 2022 is £78.7 million and the company has net assets of £1.1 million. According to their latest financial statements, Earth Midco Limited has 525 employees and maintains cash reserves of £8.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | |
|---|---|
| Turnover | 78,701,599 |
| Other Income Or Grants | |
| Cost Of Sales | 54,878,745 |
| Gross Profit | 23,822,854 |
| Admin Expenses | 21,582,422 |
| Operating Profit | 2,240,432 |
| Interest Payable | 130,309 |
| Interest Receivable | 9,997 |
| Pre-Tax Profit | 1,487,615 |
| Tax | -378,565 |
| Profit After Tax | 1,109,050 |
| Dividends Paid | |
| Retained Profit | 1,109,050 |
| Employee Costs | 11,329,814 |
| Number Of Employees | 525 |
| EBITDA* | 3,009,218 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | |
|---|---|
| Tangible Assets | 5,041,966 |
| Intangible Assets | -7,508,990 |
| Investments & Other | 715,560 |
| Debtors (Due After 1 year) | |
| Total Fixed Assets | -1,751,464 |
| Stock & work in progress | 29,972,029 |
| Trade Debtors | 13,761,835 |
| Group Debtors | 290,193 |
| Misc Debtors | 2,399,855 |
| Cash | 8,280,699 |
| misc current assets | |
| total current assets | 54,704,611 |
| total assets | 52,953,147 |
| Bank overdraft | |
| Bank loan | |
| Trade Creditors | 15,372,009 |
| Group/Directors Accounts | |
| other short term finances | 13,800,365 |
| hp & lease commitments | |
| other current liabilities | 16,813,756 |
| total current liabilities | 45,986,130 |
| loans | |
| hp & lease commitments | |
| Accruals and Deferred Income | |
| other liabilities | 5,750,000 |
| provisions | 107,966 |
| total long term liabilities | 5,857,966 |
| total liabilities | 51,844,096 |
| net assets | 1,109,051 |
| total shareholders funds | 1,109,051 |
| Dec 2022 | |
|---|---|
| Operating Activities | |
| Operating Profit | 2,240,432 |
| Depreciation | 768,720 |
| Amortisation | 66 |
| Tax | -378,565 |
| Stock | 29,972,029 |
| Debtors | 16,451,883 |
| Creditors | 15,372,009 |
| Accruals and Deferred Income | 16,813,756 |
| Deferred Taxes & Provisions | 107,966 |
| Cash flow from operations | -11,499,528 |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | 715,560 |
| cash flow from investments | -715,560 |
| Financing Activities | |
| Bank loans | |
| Group/Directors Accounts | |
| Other Short Term Loans | 13,800,365 |
| Long term loans | |
| Hire Purchase and Lease Commitments | |
| other long term liabilities | 5,750,000 |
| share issue | |
| interest | -120,312 |
| cash flow from financing | 19,430,054 |
| cash and cash equivalents | |
| cash | 8,280,699 |
| overdraft | |
| change in cash | 8,280,699 |
earth midco limited Credit Report and Business Information
Earth Midco Limited Competitor Analysis
Perform a competitor analysis for earth midco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in ST5 area or any other competitors across 12 key performance metrics.
earth midco limited Ownership
EARTH MIDCO LIMITED group structure
Earth Midco Limited has 1 subsidiary company.
Ultimate parent company
1 parent
EARTH MIDCO LIMITED
13852571
1 subsidiary
earth midco limited directors
Earth Midco Limited currently has 5 directors. The longest serving directors include Mr Edward Ransome (Apr 2022) and Mr Anthony Buffin (Jun 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Ransome | United Kingdom | 40 years | Apr 2022 | - | Director |
| Mr Anthony Buffin | 53 years | Jun 2022 | - | Director | |
| Mr Anthony Buffin | England | 53 years | Jun 2022 | - | Director |
| Mr Andrew Sutton | England | 57 years | Jan 2023 | - | Director |
| Mr Andrew Reid | England | 31 years | Jun 2023 | - | Director |
P&L
December 2022turnover
78.7m
0%
operating profit
2.2m
0%
gross margin
30.3%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.1m
0%
total assets
53m
0%
cash
8.3m
0%
net assets
Total assets minus all liabilities
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earth midco limited company details
company number
13852571
Type
Private limited with Share Capital
industry
64204 - Activities of distribution holding companies
incorporation date
January 2022
age
3
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
HAINES WATTS BIRMINGHAM LLP
address
parkhouse interchange, parkhouse industrial estate, newcastle-under-lyme, ST5 7FB
Bank
-
Legal Advisor
-
earth 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 2 charges/mortgages relating to earth midco limited. Currently there are 2 open charges and 0 have been satisfied in the past.
earth 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 EARTH MIDCO LIMITED. This can take several minutes, an email will notify you when this has completed.
earth midco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
