Merrilee Developments Limited

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merrilee developments limited Company Information

Live

MatureMicroDeclining

Company Number

00762465

Website

Registered Address

2 the cloisters 12 george road, edgbaston, birmingham, B15 1NP

Industry

Buying and selling of own real estate

Telephone

Next Accounts Due

June 2024

Group Structure

View All

Directors

Juliet Grundy33 Years

Shareholders

colmore estates ltd 100%

merrilee developments limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of MERRILEE DEVELOPMENTS LIMITED at £1.8m based on Net Assets of £1.3m and 1.4x industry multiple (adjusted for liquidity).

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Merrilee Developments Limited is a live company located in birmingham, B15 1NP with a Companies House number of 00762465. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 1963, it's largest shareholder is colmore estates ltd with a 100% stake. Merrilee Developments Limited is a mature, micro sized company, Pomanda has estimated its turnover at £270k with declining growth in recent years.

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Pomanda's financial health check has awarded Merrilee Developments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £270k, make it smaller than the average company (£858.4k)

Growth

3 year (CAGR) sales growth of -53%, show it is growing at a slower rate (1.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERRILEE DEVELOPMENTS LIMITED group structure

Merrilee Developments Limited has no subsidiary companies.

Ultimate parent company

COLMORE ESTATES LIMITED

07436045

1 parent

MERRILEE DEVELOPMENTS LIMITED

00762465

MERRILEE DEVELOPMENTS LIMITED Shareholders

colmore estates ltd

100%

Merrilee Developments Limited currently has 1 director, Ms Juliet Grundy serving since Mar 1991.

officer	country	age	start	end	role
Ms Juliet Grundy	England	73 years	Mar 1991	-	Director

EXPORT

Merrilee Developments Limited's latest turnover from September 2022 is estimated at £270 thousand and the company has net assets of £1.3 million. According to their latest financial statements, Merrilee Developments Limited has 4 employees and maintains cash reserves of £247.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	270,036	186,571	2,945,361	2,614,819	8,082,821	132,396	138,695	504,942	51,059	53,318	215,792	783,680	162,636	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	88,668	57,581	920,966	800,930	2,572,105	41,616	44,843	170,095	20,771	20,770	83,055	274,201	60,882	0
Gross Profit	181,368	128,990	2,024,395	1,813,889	5,510,716	90,781	93,852	334,846	30,288	32,549	132,737	509,479	101,753	0
Admin Expenses	255,411	25,839	1,957,560	1,814,605	5,467,121	-139,410	57,899	195,715	39,417	17,163	879,939	397,306	35,230	-2,039,207
Operating Profit	-74,043	103,151	66,835	-716	43,595	230,191	35,953	139,131	-9,129	15,386	-747,202	112,173	66,523	2,039,207
Interest Payable	3,438	1,423	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	5,208	108	0	0	1,611	1,014	682	772	1,028	1,204	2,769	4,394	4,228	2,066
Pre-Tax Profit	-72,273	101,836	66,835	-716	45,206	231,205	36,635	139,903	-8,101	16,590	-744,433	116,568	70,751	2,041,272
Tax	0	-19,349	-12,699	0	-8,589	-43,929	-7,327	-27,980	0	-3,816	0	-30,308	-19,810	-571,556
Profit After Tax	-72,273	82,487	54,136	-716	36,617	187,276	29,308	111,922	-8,101	12,774	-744,433	86,260	50,941	1,469,716
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-72,273	82,487	54,136	-716	36,617	187,276	29,308	111,922	-8,101	12,774	-744,433	86,260	50,941	1,469,716
Employee Costs	151,694	108,036	113,066	161,578	117,274	70,485	37,592	107,919	36,591	35,743	68,022	136,205	34,847	0
Number Of Employees	4	3	3	4	3	2	1	3	1	1	2	4	1	0
EBITDA*	-73,978	103,151	66,835	-716	43,595	230,464	36,316	139,617	-8,427	15,467	-747,094	112,318	66,716	2,039,463

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	194	259	976,835	976,950	327,972	820	1,093	1,456	1,942	244	325	433	578	771
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	976,489	976,489	0	0	0	955,441	911,903	1,262,118	1,291,122	1,177,131	1,177,098	663,203	663,203	663,203
Debtors (Due After 1 year)	145,000	265,000	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,121,683	1,241,748	976,835	976,950	327,972	956,261	912,996	1,263,574	1,293,064	1,177,375	1,177,423	663,636	663,781	663,974
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	10,156	5,485	411,925	291,012	923,268	3,161	11,965	54,550	1,925	2,589	23,576	83,354	15,457	7,274
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	9,061	8,539	0	0	0	252,684	253,125	0	0	0	0	0	0	0
Cash	247,216	215,711	0	0	0	429,517	381,847	163,805	144,961	266,432	215,169	892,620	865,164	826,199
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	266,433	229,735	411,925	291,012	923,268	685,362	646,937	218,355	146,886	269,021	238,745	975,974	880,621	833,473
total assets	1,388,116	1,471,483	1,388,760	1,267,962	1,251,240	1,641,623	1,559,933	1,481,929	1,439,950	1,446,396	1,416,168	1,639,610	1,544,402	1,497,447
Bank overdraft	10,000	10,000	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,372	253	53,060	36,398	18,960	2,424	13,049	26,933	27,376	25,721	8,267	32,593	23,645	27,631
Group/Directors Accounts	0	0	0	0	0	140	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	54,063	56,276	0	0	0	34,979	62,580	0	0	0	0	0	0	0
total current liabilities	65,435	66,529	53,060	36,398	18,960	37,543	75,629	26,933	27,376	25,721	8,267	32,593	23,645	27,631
loans	26,667	36,667	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	50,000	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	26,667	36,667	50,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	92,102	103,196	103,060	36,398	18,960	37,543	75,629	26,933	27,376	25,721	8,267	32,593	23,645	27,631
net assets	1,296,014	1,368,287	1,285,700	1,231,564	1,232,280	1,604,080	1,484,304	1,454,996	1,412,574	1,420,675	1,407,901	1,607,017	1,520,757	1,469,816
total shareholders funds	1,296,014	1,368,287	1,285,700	1,231,564	1,232,280	1,604,080	1,484,304	1,454,996	1,412,574	1,420,675	1,407,901	1,607,017	1,520,757	1,469,816

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-74,043	103,151	66,835	-716	43,595	230,191	35,953	139,131	-9,129	15,386	-747,202	112,173	66,523	2,039,207
Depreciation	65	0	0	0	0	273	363	486	702	81	108	145	193	256
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-19,349	-12,699	0	-8,589	-43,929	-7,327	-27,980	0	-3,816	0	-30,308	-19,810	-571,556
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-114,807	-132,901	120,913	-632,256	667,423	-9,245	210,540	52,625	-664	-20,987	-59,778	67,897	8,183	7,274
Creditors	1,119	-52,807	16,662	17,438	16,536	-10,625	-13,884	-443	1,655	17,454	-24,326	8,948	-3,986	27,631
Accruals and Deferred Income	-2,213	56,276	0	0	-34,979	-27,601	62,580	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	39,735	220,172	-50,115	648,978	-650,860	157,554	-132,855	58,569	-6,108	50,092	-711,642	23,061	34,737	1,488,264
Investing Activities
capital expenditure	0	976,576	115	-648,978	-327,152	0	0	0	-2,400	0	0	0	0	-1,027
Change in Investments	0	976,489	0	0	-955,441	43,538	-350,215	-29,004	113,991	33	513,895	0	0	663,203
cash flow from investments	0	87	115	-648,978	628,289	-43,538	350,215	29,004	-116,391	-33	-513,895	0	0	-664,230
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-140	140	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	36,667	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-50,000	50,000	0	0	0	0	0	0	0	0	0	0	0
share issue	0	100	0	0	-408,417	-67,500	0	-69,500	0	0	545,317	0	0	100
interest	1,770	-1,315	0	0	1,611	1,014	682	772	1,028	1,204	2,769	4,394	4,228	2,066
cash flow from financing	-8,230	-14,548	50,000	0	-406,946	-66,346	682	-68,728	1,028	1,204	548,086	4,394	4,228	2,166
cash and cash equivalents
cash	31,505	215,711	0	0	-429,517	47,670	218,042	18,844	-121,471	51,263	-677,451	27,456	38,965	826,199
overdraft	0	10,000	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	31,505	205,711	0	0	-429,517	47,670	218,042	18,844	-121,471	51,263	-677,451	27,456	38,965	826,199

P&L

September 2022

turnover

270k

+45%

operating profit

-74k

gross margin

67.2%

-2.85%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2022

net assets

1.3m

-0.05%

total assets

1.4m

-0.06%

cash

247.2k

+0.15%

net assets

Total assets minus all liabilities

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company number

00762465

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

May 1963

age

accounts

Total Exemption Full

ultimate parent company

COLMORE ESTATES LIMITED

previous names

N/A

incorporated

address

2 the cloisters 12 george road, edgbaston, birmingham, B15 1NP

last accounts submitted

September 2022

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 4 charges/mortgages relating to merrilee developments limited. Currently there are 0 open charges and 4 have been satisfied in the past.

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