union midco limited
union midco limited Company Information
Company Number
14101394
Next Accounts
Dec 2025
Shareholders
keys group limited
Group 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
maybrook house third floor, queensway, halesowen, B63 4AH
Website
-union midco limited Estimated Valuation
Pomanda estimates the enterprise value of UNION MIDCO LIMITED at £594.7m based on a Turnover of £288.8m and 2.06x industry multiple (adjusted for size and gross margin).
union midco limited Estimated Valuation
Pomanda estimates the enterprise value of UNION MIDCO LIMITED at £390m based on an EBITDA of £45.3m and a 8.61x industry multiple (adjusted for size and gross margin).
union midco limited Estimated Valuation
Pomanda estimates the enterprise value of UNION MIDCO LIMITED at £0 based on Net Assets of £-458.5m and 1.31x industry multiple (adjusted for liquidity).
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Union Midco Limited Overview
Union Midco Limited is a live company located in halesowen, B63 4AH with a Companies House number of 14101394. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in May 2022, it's largest shareholder is keys group limited with a 100% stake. Union Midco Limited is a startup, mega sized company, Pomanda has estimated its turnover at £288.8m with unknown growth in recent years.
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Union Midco Limited Health Check
Pomanda's financial health check has awarded Union Midco Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £288.8m, make it larger than the average company (£19.1m)
£288.8m - Union Midco Limited
£19.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Union Midco Limited
- - Industry AVG
Production
with a gross margin of 25.3%, this company has a higher cost of product (34.9%)
25.3% - Union Midco Limited
34.9% - Industry AVG
Profitability
an operating margin of 3.2% make it less profitable than the average company (4.6%)
3.2% - Union Midco Limited
4.6% - Industry AVG
Employees
with 5752 employees, this is above the industry average (104)
5752 - Union Midco Limited
104 - Industry AVG
Pay Structure
on an average salary of £31.2k, the company has a lower pay structure (£44.5k)
£31.2k - Union Midco Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £50.2k, this is less efficient (£189.8k)
£50.2k - Union Midco Limited
£189.8k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is near the average (44 days)
36 days - Union Midco Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (43 days)
5 days - Union Midco Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Union Midco Limited
- - 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 - Union Midco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 256%, this is a higher level of debt than the average (68.7%)
256% - Union Midco Limited
68.7% - Industry AVG
UNION MIDCO LIMITED financials
Union Midco Limited's latest turnover from March 2024 is £288.8 million and the company has net assets of -£458.5 million. According to their latest financial statements, Union Midco Limited has 5,752 employees and maintains cash reserves of £20.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Turnover | 288,809,000 | 246,846,000 | 233,948,000 |
| Other Income Or Grants | |||
| Cost Of Sales | 215,767,000 | 189,565,000 | 167,771,000 |
| Gross Profit | 73,042,000 | 57,281,000 | 66,177,000 |
| Admin Expenses | 63,889,000 | 65,807,000 | 59,105,000 |
| Operating Profit | 9,153,000 | -8,526,000 | 7,072,000 |
| Interest Payable | 43,282,000 | 28,321,000 | 18,897,000 |
| Interest Receivable | 6,122,000 | 2,044,000 | 2,567,000 |
| Pre-Tax Profit | -28,007,000 | -34,803,000 | -9,258,000 |
| Tax | 688,000 | 4,215,000 | -8,355,000 |
| Profit After Tax | -27,319,000 | -30,588,000 | -17,613,000 |
| Dividends Paid | |||
| Retained Profit | -27,319,000 | -30,588,000 | -17,613,000 |
| Employee Costs | 179,300,000 | 133,769,000 | 133,683,000 |
| Number Of Employees | 5,752 | 5,334 | 5,131 |
| EBITDA* | 45,322,000 | 26,487,000 | 37,911,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Tangible Assets | 130,359,000 | 126,057,000 | 112,814,000 |
| Intangible Assets | 100,188,000 | 124,707,000 | 129,520,000 |
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 230,547,000 | 250,764,000 | 242,334,000 |
| Stock & work in progress | |||
| Trade Debtors | 28,935,000 | 27,531,000 | 25,508,000 |
| Group Debtors | 10,000 | 10,000 | |
| Misc Debtors | 14,414,000 | 22,810,000 | 15,862,000 |
| Cash | 20,085,000 | 20,782,000 | 28,893,000 |
| misc current assets | |||
| total current assets | 63,444,000 | 71,133,000 | 70,263,000 |
| total assets | 293,991,000 | 321,897,000 | 312,597,000 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 3,452,000 | 2,919,000 | 9,536,000 |
| Group/Directors Accounts | 356,320,000 | 355,979,000 | |
| other short term finances | |||
| hp & lease commitments | 251,000 | 97,000 | 55,000 |
| other current liabilities | 53,407,000 | 50,747,000 | 41,886,000 |
| total current liabilities | 413,430,000 | 409,742,000 | 51,477,000 |
| loans | 290,425,000 | 294,334,000 | 255,005,000 |
| hp & lease commitments | 32,971,000 | 31,964,000 | 30,880,000 |
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | 15,652,000 | 17,025,000 | 17,011,000 |
| total long term liabilities | 339,048,000 | 343,323,000 | 302,896,000 |
| total liabilities | 752,478,000 | 753,065,000 | 354,373,000 |
| net assets | -458,487,000 | -431,168,000 | -41,776,000 |
| total shareholders funds | -458,487,000 | -431,168,000 | -41,776,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 9,153,000 | -8,526,000 | 7,072,000 |
| Depreciation | 10,294,000 | 8,901,000 | 7,317,000 |
| Amortisation | 25,875,000 | 26,112,000 | 23,522,000 |
| Tax | 688,000 | 4,215,000 | -8,355,000 |
| Stock | |||
| Debtors | -6,992,000 | 8,981,000 | 41,370,000 |
| Creditors | 533,000 | -6,617,000 | 9,536,000 |
| Accruals and Deferred Income | 2,660,000 | 8,861,000 | 41,886,000 |
| Deferred Taxes & Provisions | -1,373,000 | 14,000 | 17,011,000 |
| Cash flow from operations | 54,822,000 | 23,979,000 | 56,619,000 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | 341,000 | 355,979,000 | |
| Other Short Term Loans | |||
| Long term loans | -3,909,000 | 39,329,000 | 255,005,000 |
| Hire Purchase and Lease Commitments | 1,161,000 | 1,126,000 | 30,935,000 |
| other long term liabilities | |||
| share issue | |||
| interest | -37,160,000 | -26,277,000 | -16,330,000 |
| cash flow from financing | -39,567,000 | 11,353,000 | 245,447,000 |
| cash and cash equivalents | |||
| cash | -697,000 | -8,111,000 | 28,893,000 |
| overdraft | |||
| change in cash | -697,000 | -8,111,000 | 28,893,000 |
union midco limited Credit Report and Business Information
Union Midco Limited Competitor Analysis
Perform a competitor analysis for union midco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in B63 area or any other competitors across 12 key performance metrics.
union midco limited Ownership
UNION MIDCO LIMITED group structure
Union Midco Limited has 1 subsidiary company.
Ultimate parent company
FUSION TOPCO LTD
#0142308
2 parents
UNION MIDCO LIMITED
14101394
1 subsidiary
union midco limited directors
Union Midco Limited currently has 4 directors. The longest serving directors include Mr Laurent Ganem (May 2022) and Mr David Manson (Jun 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Laurent Ganem | United Kingdom | 66 years | May 2022 | - | Director |
| Mr David Manson | United Kingdom | 56 years | Jun 2022 | - | Director |
| Mrs Pauline Paterson | United Kingdom | 50 years | Sep 2023 | - | Director |
| Mr Simon Martle | 54 years | Feb 2024 | - | Director |
P&L
March 2024turnover
288.8m
+17%
operating profit
9.2m
-207%
gross margin
25.3%
+8.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-458.5m
+0.06%
total assets
294m
-0.09%
cash
20.1m
-0.03%
net assets
Total assets minus all liabilities
Similar Companies
union midco limited company details
company number
14101394
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
May 2022
age
3
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
maybrook house third floor, queensway, halesowen, B63 4AH
Bank
-
Legal Advisor
-
union 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 union midco limited. Currently there are 1 open charges and 0 have been satisfied in the past.
union 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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union midco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
