mid hill wind limited
mid hill wind limited Company Information
Company Number
SC257734
Website
-Registered Address
c/o harper macleod llp, the cadoro, glasgow, G1 3PE
Industry
Production of electricity
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
fred. olsen wind 2 limited 100%
mid hill wind limited Estimated Valuation
Pomanda estimates the enterprise value of MID HILL WIND LIMITED at £67.7m based on a Turnover of £24.3m and 2.79x industry multiple (adjusted for size and gross margin).
mid hill wind limited Estimated Valuation
Pomanda estimates the enterprise value of MID HILL WIND LIMITED at £153.5m based on an EBITDA of £19.1m and a 8.03x industry multiple (adjusted for size and gross margin).
mid hill wind limited Estimated Valuation
Pomanda estimates the enterprise value of MID HILL WIND LIMITED at £163.4m based on Net Assets of £57.6m and 2.84x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mid Hill Wind Limited Overview
Mid Hill Wind Limited is a live company located in glasgow, G1 3PE with a Companies House number of SC257734. It operates in the production of electricity sector, SIC Code 35110. Founded in October 2003, it's largest shareholder is fred. olsen wind 2 limited with a 100% stake. Mid Hill Wind Limited is a mature, large sized company, Pomanda has estimated its turnover at £24.3m with high growth in recent years.
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Mid Hill Wind Limited Health Check
Pomanda's financial health check has awarded Mid Hill Wind Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
3 Weak
Size
annual sales of £24.3m, make it larger than the average company (£1.7m)
£24.3m - Mid Hill Wind Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (9.4%)
22% - Mid Hill Wind Limited
9.4% - Industry AVG
Production
with a gross margin of 69.8%, this company has a comparable cost of product (69.8%)
69.8% - Mid Hill Wind Limited
69.8% - Industry AVG
Profitability
an operating margin of 64.5% make it more profitable than the average company (50.8%)
64.5% - Mid Hill Wind Limited
50.8% - Industry AVG
Employees
with 4 employees, this is above the industry average (2)
4 - Mid Hill Wind Limited
2 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Mid Hill Wind Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £6.1m, this is more efficient (£449.7k)
£6.1m - Mid Hill Wind Limited
£449.7k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (14 days)
1 days - Mid Hill Wind Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (19 days)
9 days - Mid Hill Wind Limited
19 days - Industry AVG
Stock Days
it holds stock equivalent to 22 days, this is more than average (12 days)
22 days - Mid Hill Wind Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Mid Hill Wind Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.8%, this is a lower level of debt than the average (89.8%)
28.8% - Mid Hill Wind Limited
89.8% - Industry AVG
MID HILL WIND LIMITED financials
Mid Hill Wind Limited's latest turnover from December 2023 is £24.3 million and the company has net assets of £57.6 million. According to their latest financial statements, Mid Hill Wind Limited has 4 employees and maintains cash reserves of £72 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 24,283,000 | 40,473,000 | 23,396,000 | 13,259,000 | 16,682,000 | 19,848,000 | 18,420,000 | 14,682,000 | 17,497,000 | 8,783,000 | 207,000 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | |||||||||||||
| Cost Of Sales | 0 | 0 | |||||||||||||
| Gross Profit | 0 | 0 | |||||||||||||
| Admin Expenses | 3,000 | 3,000 | |||||||||||||
| Operating Profit | 15,652,000 | 32,248,000 | 15,892,000 | 4,580,000 | 7,627,000 | 9,385,000 | 10,229,000 | 4,373,000 | 6,709,000 | 3,857,000 | 204,000 | -3,000 | -3,000 | -3,000 | -2,000 |
| Interest Payable | 122,000 | 927,000 | 1,765,000 | 2,513,000 | 5,574,000 | 3,810,000 | 4,281,000 | 4,616,000 | 6,297,000 | 2,649,000 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 1,098,000 | 6,000 | 38,000 | 3,000 | 22,000 | 117,000 | 17,000 | 29,000 | 57,000 | 29,000 | 7,000 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 16,835,000 | 31,327,000 | 14,165,000 | 2,070,000 | 2,075,000 | 5,836,000 | 3,972,000 | 370,000 | 469,000 | 1,237,000 | 211,000 | -3,000 | -3,000 | -3,000 | -2,000 |
| Tax | -4,153,000 | -6,174,000 | -3,440,000 | -946,000 | -636,000 | -1,448,000 | -2,645,000 | -209,000 | 958,000 | -194,000 | 372,000 | 94,000 | 47,000 | 21,000 | 24,000 |
| Profit After Tax | 12,682,000 | 25,153,000 | 10,725,000 | 1,124,000 | 1,439,000 | 4,388,000 | 1,327,000 | 161,000 | 1,427,000 | 1,043,000 | 583,000 | 91,000 | 44,000 | 18,000 | 22,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,800,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 12,682,000 | 25,153,000 | 10,725,000 | 1,124,000 | 1,439,000 | 4,388,000 | 1,327,000 | 161,000 | -1,373,000 | 1,043,000 | 583,000 | 91,000 | 44,000 | 18,000 | 22,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | ||||||
| EBITDA* | 19,117,000 | 35,933,000 | 19,425,000 | 9,377,000 | 12,400,000 | 16,177,000 | 16,872,000 | 11,284,000 | 14,084,000 | 7,296,000 | 204,000 | -3,000 | -3,000 | -3,000 | -2,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 53,848,000 | 57,752,000 | 63,265,000 | 66,515,000 | 71,087,000 | 75,091,000 | 82,542,000 | 89,124,000 | 99,630,000 | 106,993,000 | 48,819,000 | 11,529,000 | 3,562,000 | 1,495,000 | 1,198,000 |
| Intangible Assets | 134,000 | 70,000 | 132,000 | 0 | 0 | 0 | 0 | 12,000 | 24,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 529,000 | 525,000 | 525,000 | 525,000 | 524,000 | 521,000 | 7,930,000 | 7,621,000 | 113,000 | 113,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 54,511,000 | 58,347,000 | 63,922,000 | 67,040,000 | 71,611,000 | 75,612,000 | 90,472,000 | 96,757,000 | 99,767,000 | 107,106,000 | 48,819,000 | 11,529,000 | 3,562,000 | 1,495,000 | 1,198,000 |
| Stock & work in progress | 454,000 | 421,000 | 338,000 | 278,000 | 227,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 74,000 | 46,000 | 100,000 | 11,000 | 449,000 | 13,000 | 26,000 | 81,000 | 713,000 | 0 | 200,000 | 0 | 0 | 0 | 0 |
| Group Debtors | 21,109,000 | 218,000 | 572,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,689,000 | 8,053,000 | 5,847,000 | 3,854,000 | 4,848,000 | 5,160,000 | 4,650,000 | 3,868,000 | 4,194,000 | 6,244,000 | 2,303,000 | 667,000 | 0 | 0 | 0 |
| Cash | 72,000 | 1,037,000 | 272,000 | 115,000 | 555,000 | 8,449,000 | 5,681,000 | 5,683,000 | 4,696,000 | 11,223,000 | 11,050,000 | 113,000 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 26,398,000 | 9,775,000 | 7,129,000 | 4,258,000 | 6,079,000 | 13,622,000 | 10,357,000 | 9,632,000 | 9,603,000 | 17,467,000 | 13,553,000 | 780,000 | 0 | 0 | 0 |
| total assets | 80,909,000 | 68,122,000 | 71,051,000 | 71,298,000 | 77,690,000 | 89,234,000 | 100,829,000 | 106,389,000 | 109,370,000 | 124,573,000 | 62,372,000 | 12,309,000 | 3,562,000 | 1,495,000 | 1,198,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 7,173,000 | 6,767,000 | 5,903,000 | 5,239,000 | 4,810,000 | 361,000 | 0 | 0 | 0 | 0 |
| Trade Creditors | 187,000 | 66,000 | 8,000 | 138,000 | 790,000 | 476,000 | 205,000 | 10,000 | 41,000 | 248,000 | 132,000 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 8,530,000 | 7,568,000 | 35,362,000 | 50,278,000 | 56,440,000 | 13,000 | 27,000 | 32,000 | 45,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60,000 | 977,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,318,000 | 3,427,000 | 2,195,000 | 2,144,000 | 2,842,000 | 2,323,000 | 1,888,000 | 2,193,000 | 2,117,000 | 3,519,000 | 146,000 | 3,000 | 3,000 | 3,000 | 2,000 |
| total current liabilities | 11,035,000 | 11,061,000 | 37,565,000 | 52,560,000 | 60,072,000 | 9,985,000 | 8,887,000 | 8,138,000 | 7,442,000 | 8,637,000 | 1,616,000 | 3,000 | 3,000 | 3,000 | 2,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 63,684,000 | 81,446,000 | 92,042,000 | 98,425,000 | 111,892,000 | 58,342,000 | 12,004,000 | 3,461,000 | 1,438,000 | 1,160,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 12,233,000 | 12,102,000 | 13,680,000 | 9,657,000 | 9,661,000 | 9,047,000 | 8,366,000 | 5,406,000 | 2,861,000 | 2,029,000 | 1,442,000 | 113,000 | 0 | 0 | 0 |
| total long term liabilities | 12,233,000 | 12,102,000 | 13,680,000 | 9,657,000 | 9,661,000 | 72,731,000 | 89,812,000 | 97,448,000 | 101,286,000 | 113,921,000 | 59,784,000 | 12,117,000 | 3,461,000 | 1,438,000 | 1,160,000 |
| total liabilities | 23,268,000 | 23,163,000 | 51,245,000 | 62,217,000 | 69,733,000 | 82,716,000 | 98,699,000 | 105,586,000 | 108,728,000 | 122,558,000 | 61,400,000 | 12,120,000 | 3,464,000 | 1,441,000 | 1,162,000 |
| net assets | 57,641,000 | 44,959,000 | 19,806,000 | 9,081,000 | 7,957,000 | 6,518,000 | 2,130,000 | 803,000 | 642,000 | 2,015,000 | 972,000 | 189,000 | 98,000 | 54,000 | 36,000 |
| total shareholders funds | 57,641,000 | 44,959,000 | 19,806,000 | 9,081,000 | 7,957,000 | 6,518,000 | 2,130,000 | 803,000 | 642,000 | 2,015,000 | 972,000 | 189,000 | 98,000 | 54,000 | 36,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 15,652,000 | 32,248,000 | 15,892,000 | 4,580,000 | 7,627,000 | 9,385,000 | 10,229,000 | 4,373,000 | 6,709,000 | 3,857,000 | 204,000 | -3,000 | -3,000 | -3,000 | -2,000 |
| Depreciation | 3,415,000 | 3,640,000 | 3,508,000 | 4,797,000 | 4,773,000 | 6,792,000 | 6,631,000 | 6,899,000 | 7,363,000 | 3,439,000 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 50,000 | 45,000 | 25,000 | 0 | 0 | 0 | 12,000 | 12,000 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -4,153,000 | -6,174,000 | -3,440,000 | -946,000 | -636,000 | -1,448,000 | -2,645,000 | -209,000 | 958,000 | -194,000 | 372,000 | 94,000 | 47,000 | 21,000 | 24,000 |
| Stock | 33,000 | 83,000 | 60,000 | 51,000 | 227,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 17,559,000 | 1,798,000 | 2,654,000 | -1,431,000 | 127,000 | -6,912,000 | 1,036,000 | 6,550,000 | -1,337,000 | 3,854,000 | 1,836,000 | 667,000 | 0 | 0 | 0 |
| Creditors | 121,000 | 58,000 | -130,000 | -652,000 | 314,000 | 271,000 | 195,000 | -31,000 | -207,000 | 116,000 | 132,000 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -1,109,000 | 1,232,000 | 51,000 | -698,000 | 519,000 | 435,000 | -305,000 | 76,000 | -1,402,000 | 3,373,000 | 143,000 | 0 | 0 | 1,000 | 2,000 |
| Deferred Taxes & Provisions | 131,000 | -1,578,000 | 4,023,000 | -4,000 | 614,000 | 681,000 | 2,960,000 | 2,545,000 | 832,000 | 587,000 | 1,329,000 | 113,000 | 0 | 0 | 0 |
| Cash flow from operations | -3,485,000 | 27,590,000 | 17,215,000 | 8,457,000 | 12,857,000 | 23,028,000 | 16,041,000 | 7,115,000 | 15,602,000 | 7,324,000 | 344,000 | -463,000 | 44,000 | 19,000 | 24,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | -7,173,000 | 406,000 | 864,000 | 664,000 | 429,000 | 4,449,000 | 361,000 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 962,000 | -27,794,000 | -14,916,000 | -6,162,000 | 56,427,000 | -14,000 | -5,000 | -13,000 | 45,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -60,000 | -917,000 | 977,000 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -63,684,000 | -17,762,000 | -10,596,000 | -6,383,000 | -13,467,000 | 53,550,000 | 46,338,000 | 8,543,000 | 2,023,000 | 278,000 | 1,160,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 976,000 | -921,000 | -1,727,000 | -2,510,000 | -5,552,000 | -3,693,000 | -4,264,000 | -4,587,000 | -6,240,000 | -2,620,000 | 7,000 | 0 | 0 | 0 | 0 |
| cash flow from financing | 1,938,000 | -28,715,000 | -16,643,000 | -8,672,000 | -19,982,000 | -21,063,000 | -14,001,000 | -10,319,000 | -19,293,000 | 54,462,000 | 47,883,000 | 8,543,000 | 2,023,000 | 278,000 | 1,174,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -965,000 | 765,000 | 157,000 | -440,000 | -7,894,000 | 2,768,000 | -2,000 | 987,000 | -6,527,000 | 173,000 | 10,937,000 | 113,000 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -965,000 | 765,000 | 157,000 | -440,000 | -7,894,000 | 2,768,000 | -2,000 | 987,000 | -6,527,000 | 173,000 | 10,937,000 | 113,000 | 0 | 0 | 0 |
mid hill wind limited Credit Report and Business Information
Mid Hill Wind Limited Competitor Analysis
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mid hill wind limited Ownership
MID HILL WIND LIMITED group structure
Mid Hill Wind Limited has no subsidiary companies.
Ultimate parent company
BONHEUR ASA
#0134493
2 parents
MID HILL WIND LIMITED
SC257734
mid hill wind limited directors
Mid Hill Wind Limited currently has 5 directors. The longest serving directors include Mr Ivar Brandvold (Sep 2020) and Mr Ivar Brandvold (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ivar Brandvold | 68 years | Sep 2020 | - | Director | |
| Mr Ivar Brandvold | 68 years | Sep 2020 | - | Director | |
| Ms Claire Harris | United Kingdom | 31 years | Jul 2022 | - | Director |
| Mr Fredrik Bomstad | England | 39 years | Aug 2022 | - | Director |
| Mr Christopher Sweetman | United Kingdom | 49 years | Jul 2023 | - | Director |
P&L
December 2023turnover
24.3m
-40%
operating profit
15.7m
-51%
gross margin
69.8%
-1.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
57.6m
+0.28%
total assets
80.9m
+0.19%
cash
72k
-0.93%
net assets
Total assets minus all liabilities
mid hill wind limited company details
company number
SC257734
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
October 2003
age
21
accounts
Full Accounts
ultimate parent company
previous names
fred. olsen wind 3 limited (March 2004)
incorporated
UK
address
c/o harper macleod llp, the cadoro, glasgow, G1 3PE
last accounts submitted
December 2023
mid hill wind 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 mid hill wind limited.
mid hill wind limited Companies House Filings - See Documents
| date | description | view/download |
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