Midcap Invest UK 1 Midco Limited
Registered name: MIDCAP INVEST UK 1 MIDCO LIMITED
Part of Midcap Invest UK 1 Topco Limited groupMidcap Invest UK 1 Midco Limited made £43.8m revenue and a £12m loss in the year to 31 Mar 2023.
Midcap Invest UK 1 Midco Limited’s revenue grew 13% to £43.8m in the year to 31 Mar 2023, with a loss of £12m and 245 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 5 yrs · since 2021
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Midcap Invest UK 1 Topco Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £38.8m | £43.8m |
| Cost of sales | £7.4m | £9m |
| Gross profit | £31.5m | £34.8m |
| Operating profit | — | −£79.2m |
| Profit before tax | — | −£86.2m |
| Profit after tax | −£27.9m | −£12m |
| Profit (best available) | −£27.9m | −£12m |
| Staff costs | £13.1m | £16.1m |
| Employees (average) | 219 | 245 |
| Ratios | ||
| Profit margin | −71.7% | −27.5% |
| Gross margin | 81.1% | 79.5% |
| Revenue per employee | £177k | £179k |
| Profit per employee | −£127k | −£49.1k |
| Growth (year on year) | ||
| Revenue growth | — | ▲12.8% |
| Headcount growth | — | ▲11.9% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £50k | £50k |
| Net assets | £242m | £230m |
| Fixed assets | £292m | £203m |
| Current assets | £32.3m | £31.2m |
| Cash from operations | −£7.9m | £12.6m |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 |
How the business works
- Profit margin
- −27.5%
- Profit ÷ revenue.
- Gross margin
- 79.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £179k
- Revenue ÷ average employees.
- Profit per employee
- −£49.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 462.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼5%
- Now £230m
- Cash at bank
- 0%
- Now £50k
- Headcount
- ▲12%
- Now 245
- Deferred income
- —
- Now —
- Fixed assets
- ▼31%
- Now £203m
Group structure
Ownership chain
- Midcap Invest UK 1 Topco Limitedultimate parent75–100%
- Midcap Invest UK 1 Midco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Midcap Invest UK 1 Bidco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2023 (profit −£12m), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.