minerva equity limited
minerva equity limited Company Information
Company Number
11279452
Website
-Registered Address
abel smith house, gunnels wood road, stevenage, hertfordshire, SG1 2ST
Industry
Non-trading company
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
estera trust (jersey) ltd 81.3%
james arnold 8%
View Allminerva equity limited Estimated Valuation
Pomanda estimates the enterprise value of MINERVA EQUITY LIMITED at £1.2b based on a Turnover of £1.9b and 0.66x industry multiple (adjusted for size and gross margin).
minerva equity limited Estimated Valuation
Pomanda estimates the enterprise value of MINERVA EQUITY LIMITED at £390.6m based on an EBITDA of £67.8m and a 5.76x industry multiple (adjusted for size and gross margin).
minerva equity limited Estimated Valuation
Pomanda estimates the enterprise value of MINERVA EQUITY LIMITED at £0 based on Net Assets of £-247.7m and 2.08x industry multiple (adjusted for liquidity).
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Minerva Equity Limited Overview
Minerva Equity Limited is a live company located in stevenage, SG1 2ST with a Companies House number of 11279452. It operates in the non-trading company sector, SIC Code 74990. Founded in March 2018, it's largest shareholder is estera trust (jersey) ltd with a 81.3% stake. Minerva Equity Limited is a young, mega sized company, Pomanda has estimated its turnover at £1.9b with healthy growth in recent years.
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Minerva Equity Limited Health Check
Pomanda's financial health check has awarded Minerva Equity Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
7 Weak
Size
annual sales of £1.9b, make it larger than the average company (£2.7m)
£1.9b - Minerva Equity Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.4%)
13% - Minerva Equity Limited
4.4% - Industry AVG
Production
with a gross margin of 10.7%, this company has a higher cost of product (36.1%)
10.7% - Minerva Equity Limited
36.1% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (5.5%)
-0.5% - Minerva Equity Limited
5.5% - Industry AVG
Employees
with 10819 employees, this is above the industry average (32)
10819 - Minerva Equity Limited
32 - Industry AVG
Pay Structure
on an average salary of £51.6k, the company has a higher pay structure (£37.4k)
£51.6k - Minerva Equity Limited
£37.4k - Industry AVG
Efficiency
resulting in sales per employee of £172.3k, this is more efficient (£134.4k)
£172.3k - Minerva Equity Limited
£134.4k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (40 days)
61 days - Minerva Equity Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (42 days)
20 days - Minerva Equity Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (44 days)
2 days - Minerva Equity Limited
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is less cash available to meet short term requirements (48 weeks)
21 weeks - Minerva Equity Limited
48 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 121.6%, this is a higher level of debt than the average (41%)
121.6% - Minerva Equity Limited
41% - Industry AVG
minerva equity limited Credit Report and Business Information
Minerva Equity Limited Competitor Analysis
Perform a competitor analysis for minerva equity limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
minerva equity limited Ownership
MINERVA EQUITY LIMITED group structure
Minerva Equity Limited has 1 subsidiary company.
minerva equity limited directors
Minerva Equity Limited currently has 9 directors. The longest serving directors include Mr Maximilian Harrington (Jun 2018) and Mr Colm O'Sullivan (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Maximilian Harrington | England | 38 years | Jun 2018 | - | Director |
| Mr Colm O'Sullivan | United Kingdom | 56 years | Jul 2018 | - | Director |
| Mr Ian Fraser | United Kingdom | 67 years | Nov 2018 | - | Director |
| Mr Eric Ellul | United Kingdom | 65 years | Feb 2020 | - | Director |
| Mr Neil McIlroy | United Kingdom | 45 years | Nov 2020 | - | Director |
| Mr Andrew Findlay | United Kingdom | 54 years | Aug 2021 | - | Director |
| Mr Andrew Findlay | United Kingdom | 54 years | Aug 2021 | - | Director |
| Mr James Arnold | 59 years | Jan 2023 | - | Director | |
| Mr Christian Keen | 60 years | Jan 2023 | - | Director |
MINERVA EQUITY LIMITED financials
Minerva Equity Limited's latest turnover from March 2023 is £1.9 billion and the company has net assets of -£247.7 million. According to their latest financial statements, Minerva Equity Limited has 10,819 employees and maintains cash reserves of £211.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Turnover | 1,864,600,000 | 1,545,300,000 | 1,260,500,000 | 1,301,300,000 | 805,300,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,664,500,000 | 1,379,300,000 | 1,178,400,000 | 1,182,800,000 | 730,600,000 |
| Gross Profit | 200,100,000 | 166,000,000 | 82,100,000 | 118,500,000 | 74,700,000 |
| Admin Expenses | 209,600,000 | 144,700,000 | 94,300,000 | 106,100,000 | 62,100,000 |
| Operating Profit | -9,500,000 | 21,300,000 | -12,200,000 | 12,400,000 | 12,600,000 |
| Interest Payable | 69,800,000 | 51,700,000 | 48,900,000 | 49,700,000 | 31,200,000 |
| Interest Receivable | 0 | 0 | 100,000 | 100,000 | 0 |
| Pre-Tax Profit | -79,300,000 | -30,400,000 | -61,000,000 | -37,200,000 | -18,600,000 |
| Tax | -200,000 | -19,400,000 | 3,300,000 | -5,900,000 | -900,000 |
| Profit After Tax | -79,500,000 | -49,800,000 | -57,700,000 | -43,100,000 | -19,500,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -79,500,000 | -49,800,000 | -57,700,000 | -43,100,000 | -19,500,000 |
| Employee Costs | 558,300,000 | 452,900,000 | 365,400,000 | 351,800,000 | 209,100,000 |
| Number Of Employees | 10,819 | 9,517 | 8,564 | 8,991 | 7,987 |
| EBITDA* | 67,800,000 | 92,300,000 | 49,700,000 | 68,900,000 | 44,600,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 53,600,000 | 50,100,000 | 38,300,000 | 42,600,000 | 43,600,000 |
| Intangible Assets | 503,800,000 | 556,800,000 | 471,900,000 | 510,200,000 | 521,800,000 |
| Investments & Other | 3,800,000 | 6,200,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 561,200,000 | 613,100,000 | 510,200,000 | 552,800,000 | 565,400,000 |
| Stock & work in progress | 12,500,000 | 9,300,000 | 2,300,000 | 2,400,000 | 2,600,000 |
| Trade Debtors | 315,600,000 | 262,600,000 | 222,300,000 | 212,800,000 | 198,100,000 |
| Group Debtors | 0 | 0 | 3,200,000 | 0 | 3,000,000 |
| Misc Debtors | 43,700,000 | 61,300,000 | 41,700,000 | 35,600,000 | 24,300,000 |
| Cash | 211,400,000 | 186,400,000 | 131,000,000 | 125,500,000 | 56,300,000 |
| misc current assets | 2,600,000 | 2,600,000 | 0 | 0 | 0 |
| total current assets | 585,800,000 | 522,200,000 | 400,500,000 | 376,300,000 | 284,300,000 |
| total assets | 1,147,000,000 | 1,135,300,000 | 910,700,000 | 929,100,000 | 849,700,000 |
| Bank overdraft | 100,000,000 | 85,700,000 | 0 | 65,000,000 | 30,000,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 95,000,000 | 92,200,000 | 118,700,000 | 80,000,000 | 77,500,000 |
| Group/Directors Accounts | 3,500,000 | 3,100,000 | 18,100,000 | 7,800,000 | 7,000,000 |
| other short term finances | 0 | 0 | 19,500,000 | 0 | 0 |
| hp & lease commitments | 2,200,000 | 3,900,000 | 0 | 3,400,000 | 4,200,000 |
| other current liabilities | 320,900,000 | 293,700,000 | 204,000,000 | 182,100,000 | 155,200,000 |
| total current liabilities | 521,600,000 | 478,600,000 | 360,300,000 | 338,300,000 | 273,900,000 |
| loans | 732,900,000 | 705,900,000 | 580,500,000 | 580,000,000 | 495,900,000 |
| hp & lease commitments | 9,800,000 | 5,300,000 | 0 | 9,300,000 | 14,300,000 |
| Accruals and Deferred Income | 5,100,000 | 3,700,000 | 0 | 0 | 1,400,000 |
| other liabilities | 47,100,000 | 43,300,000 | 2,400,000 | 0 | 0 |
| provisions | 78,200,000 | 66,900,000 | 56,400,000 | 62,800,000 | 60,900,000 |
| total long term liabilities | 873,100,000 | 825,100,000 | 639,800,000 | 653,200,000 | 574,300,000 |
| total liabilities | 1,394,700,000 | 1,303,700,000 | 1,000,100,000 | 991,500,000 | 848,200,000 |
| net assets | -247,700,000 | -168,400,000 | -89,400,000 | -62,400,000 | 1,500,000 |
| total shareholders funds | -247,700,000 | -168,400,000 | -89,400,000 | -62,400,000 | 1,500,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -9,500,000 | 21,300,000 | -12,200,000 | 12,400,000 | 12,600,000 |
| Depreciation | 12,800,000 | 13,100,000 | 11,100,000 | 10,400,000 | 4,200,000 |
| Amortisation | 64,500,000 | 57,900,000 | 50,800,000 | 46,100,000 | 27,800,000 |
| Tax | -200,000 | -19,400,000 | 3,300,000 | -5,900,000 | -900,000 |
| Stock | 3,200,000 | 7,000,000 | -100,000 | -200,000 | 2,600,000 |
| Debtors | 35,400,000 | 56,700,000 | 18,800,000 | 23,000,000 | 225,400,000 |
| Creditors | 2,800,000 | -26,500,000 | 38,700,000 | 2,500,000 | 77,500,000 |
| Accruals and Deferred Income | 28,600,000 | 93,400,000 | 21,900,000 | 25,500,000 | 156,600,000 |
| Deferred Taxes & Provisions | 11,300,000 | 10,500,000 | -6,400,000 | 1,900,000 | 60,900,000 |
| Cash flow from operations | 71,700,000 | 86,600,000 | 88,500,000 | 70,100,000 | 110,700,000 |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | -144,600,000 |
| Change in Investments | -2,400,000 | 6,200,000 | 0 | 0 | 0 |
| cash flow from investments | 2,400,000 | -6,200,000 | 0 | 0 | -144,600,000 |
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 400,000 | -15,000,000 | 10,300,000 | 800,000 | 7,000,000 |
| Other Short Term Loans | 0 | -19,500,000 | 19,500,000 | 0 | 0 |
| Long term loans | 27,000,000 | 125,400,000 | 500,000 | 84,100,000 | 495,900,000 |
| Hire Purchase and Lease Commitments | 2,800,000 | 9,200,000 | -12,700,000 | -5,800,000 | 18,500,000 |
| other long term liabilities | 3,800,000 | 40,900,000 | 2,400,000 | 0 | 0 |
| share issue | |||||
| interest | -69,800,000 | -51,700,000 | -48,800,000 | -49,600,000 | -31,200,000 |
| cash flow from financing | -35,600,000 | 60,100,000 | 1,900,000 | 8,700,000 | 511,200,000 |
| cash and cash equivalents | |||||
| cash | 25,000,000 | 55,400,000 | 5,500,000 | 69,200,000 | 56,300,000 |
| overdraft | 14,300,000 | 85,700,000 | -65,000,000 | 35,000,000 | 30,000,000 |
| change in cash | 10,700,000 | -30,300,000 | 70,500,000 | 34,200,000 | 26,300,000 |
P&L
March 2023turnover
1.9b
+21%
operating profit
-9.5m
-145%
gross margin
10.8%
-0.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-247.7m
+0.47%
total assets
1.1b
+0.01%
cash
211.4m
+0.13%
net assets
Total assets minus all liabilities
Similar Companies
minerva equity limited company details
company number
11279452
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
March 2018
age
6
accounts
Group
ultimate parent company
previous names
dmwsl 881 limited (May 2018)
incorporated
UK
address
abel smith house, gunnels wood road, stevenage, hertfordshire, SG1 2ST
last accounts submitted
March 2023
minerva equity 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 minerva equity limited.
minerva equity limited Companies House Filings - See Documents
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