Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
portman house 3rd floor, 2 portman street, london, W1H 6DU
Website
-
frigo newco 1 limitedEstimated Valuation
£334.3m
Pomanda estimates the enterprise value of FRIGO NEWCO 1 LIMITED at £334.3m based on a Turnover of £224.9m and 1.49x industry multiple (adjusted for size and gross margin).
frigo newco 1 limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of FRIGO NEWCO 1 LIMITED at £0 based on an EBITDA of £-49.9m and a 6.27x industry multiple (adjusted for size and gross margin).
frigo newco 1 limitedEstimated Valuation
£341.9k
Pomanda estimates the enterprise value of FRIGO NEWCO 1 LIMITED at £341.9k based on Net Assets of £269.5k and 1.27x industry multiple (adjusted for liquidity).
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Frigo Newco 1 LimitedOverview
Frigo Newco 1 Limited is a live company located in london, W1H 6DU with a Companies House number of 14701481. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in March 2023, it's largest shareholder is
burlington loan management dac
with a 18% stake. Frigo Newco 1 Limited is a startup,
mega sized company, Pomanda has estimated its turnover at
£224.9m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Frigo Newco 1 Limited a 2.5 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
Health Rating2.5out of 5
4 Strong
1 Regular
6 Weak
Size
annual sales of £224.9m, make it larger than the average company (£18.9m)
£224.9m - Frigo Newco 1 Limited
£18.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Frigo Newco 1 Limited
- - Industry AVG
Production
with a gross margin of 12.2%, this company has a higher cost of product (36.4%)
12.2% - Frigo Newco 1 Limited
36.4% - Industry AVG
Profitability
an operating margin of -26.9% make it less profitable than the average company (4.5%)
-26.9% - Frigo Newco 1 Limited
4.5% - Industry AVG
Employees
with 3191 employees, this is above the industry average (104)
3191 - Frigo Newco 1 Limited
104 - Industry AVG
Pay Structure
on an average salary of £11.5k, the company has a lower pay structure (£44.7k)
£11.5k - Frigo Newco 1 Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £70.5k, this is less efficient (£190.6k)
£70.5k - Frigo Newco 1 Limited
£190.6k - Industry AVG
Debtor Days
it gets paid by customers after 97 days, this is later than average (45 days)
97 days - Frigo Newco 1 Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (44 days)
102 days - Frigo Newco 1 Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 133 days, this is more than average (40 days)
133 days - Frigo Newco 1 Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 13 weeks, this is average cash available to meet short term requirements (14 weeks)
13 weeks - Frigo Newco 1 Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.5%, this is a higher level of debt than the average (69.7%)
95.5% - Frigo Newco 1 Limited
69.7% - Industry AVG
FRIGO NEWCO 1 LIMITED financials
EXPORT
Frigo Newco 1 Limited's latest turnover from December 2023 is £224.9 million and the company has net assets of £269.5 thousand. According to their latest financial statements, Frigo Newco 1 Limited has 3,191 employees and maintains cash reserves of £44.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Turnover
224,931,795
Other Income Or Grants
Cost Of Sales
197,498,316
Gross Profit
27,433,479
Admin Expenses
88,017,851
Operating Profit
-60,584,372
Interest Payable
23,161,839
Interest Receivable
24,669,922
Pre-Tax Profit
-59,702,762
Tax
-12,414,112
Profit After Tax
-72,116,874
Dividends Paid
2,321,489
Retained Profit
-73,094,476
Employee Costs
36,759,852
Number Of Employees
3,191
EBITDA*
-49,931,796
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Tangible Assets
135,130,515
Intangible Assets
92,965,645
Investments & Other
Debtors (Due After 1 year)
2,585,045
Total Fixed Assets
228,096,160
Stock & work in progress
72,201,919
Trade Debtors
60,137,252
Group Debtors
Misc Debtors
16,808,689
Cash
44,771,808
misc current assets
1,761,536
total current assets
198,073,425
total assets
426,169,585
Bank overdraft
2,232,233
Bank loan
52,062,142
Trade Creditors
55,298,080
Group/Directors Accounts
other short term finances
hp & lease commitments
1,407,039
other current liabilities
62,100,875
total current liabilities
173,100,370
loans
395,917,816
hp & lease commitments
1,961,940
Accruals and Deferred Income
other liabilities
provisions
72,207,813
total long term liabilities
234,062,816
total liabilities
407,163,186
net assets
269,451
total shareholders funds
269,451
Dec 2023
Operating Activities
Operating Profit
-60,584,372
Depreciation
9,808,858
Amortisation
843,718
Tax
-12,414,112
Stock
72,201,919
Debtors
79,530,986
Creditors
55,298,080
Accruals and Deferred Income
62,100,875
Deferred Taxes & Provisions
72,207,813
Cash flow from operations
-24,472,045
Investing Activities
capital expenditure
-238,748,736
Change in Investments
cash flow from investments
-238,748,736
Financing Activities
Bank loans
52,062,142
Group/Directors Accounts
Other Short Term Loans
Long term loans
395,917,816
Hire Purchase and Lease Commitments
3,368,979
other long term liabilities
share issue
73,363,927
interest
1,508,083
cash flow from financing
526,220,947
cash and cash equivalents
cash
44,771,808
overdraft
2,232,233
change in cash
42,539,575
frigo newco 1 limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for frigo newco 1 limited. Get real-time insights into frigo newco 1 limited's credit score, group structure and payment trends.
Perform a competitor analysis for frigo newco 1 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in W1H area or any other competitors across 12 key performance metrics.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
269.5k
0%
total assets
426.2m
0%
cash
44.8m
0%
net assets
Total assets minus all liabilities
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frigo newco 1 limited company details
company number
14701481
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
March 2023
age
2
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
EISNERAMPER AUDIT LIMITED
address
portman house 3rd floor, 2 portman street, london, W1H 6DU
Bank
-
Legal Advisor
-
frigo newco 1 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 frigo newco 1 limited. Currently there are 1 open charges and 0 have been satisfied in the past.
frigo newco 1 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 FRIGO NEWCO 1 LIMITED. This can take several minutes, an email will notify you when this has completed.
frigo newco 1 limitedCompanies House Filings - See Documents
