metric office furniture limited

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metric office furniture limited Company Information

Share METRIC OFFICE FURNITURE LIMITED

Company Number

00977838

Shareholders

jason hart

jane mary hart

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Group Structure

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Industry

Other retail sale not in stores, stalls or markets

 

Registered Address

150-156 thorpe lea road, egham, surrey, TW20 8HA

metric office furniture limited Estimated Valuation

£660.4k

Pomanda estimates the enterprise value of METRIC OFFICE FURNITURE LIMITED at £660.4k based on a Turnover of £2.3m and 0.29x industry multiple (adjusted for size and gross margin).

metric office furniture limited Estimated Valuation

£134.2k

Pomanda estimates the enterprise value of METRIC OFFICE FURNITURE LIMITED at £134.2k based on an EBITDA of £41.8k and a 3.21x industry multiple (adjusted for size and gross margin).

metric office furniture limited Estimated Valuation

£5.3m

Pomanda estimates the enterprise value of METRIC OFFICE FURNITURE LIMITED at £5.3m based on Net Assets of £1.8m and 2.93x industry multiple (adjusted for liquidity).

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Metric Office Furniture Limited Overview

Metric Office Furniture Limited is a live company located in surrey, TW20 8HA with a Companies House number of 00977838. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in April 1970, it's largest shareholder is jason hart with a 40% stake. Metric Office Furniture Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with high growth in recent years.

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Metric Office Furniture Limited Health Check

Pomanda's financial health check has awarded Metric Office Furniture Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £2.3m, make it larger than the average company (£1.2m)

£2.3m - Metric Office Furniture Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5.3%)

24% - Metric Office Furniture Limited

5.3% - Industry AVG

production

Production

with a gross margin of 19.1%, this company has a higher cost of product (32.1%)

19.1% - Metric Office Furniture Limited

32.1% - Industry AVG

profitability

Profitability

an operating margin of -1.9% make it less profitable than the average company (4.9%)

-1.9% - Metric Office Furniture Limited

4.9% - Industry AVG

employees

Employees

with 14 employees, this is above the industry average (11)

14 - Metric Office Furniture Limited

11 - Industry AVG

paystructure

Pay Structure

on an average salary of £35k, the company has an equivalent pay structure (£35k)

£35k - Metric Office Furniture Limited

£35k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £163.4k, this is less efficient (£206.4k)

£163.4k - Metric Office Furniture Limited

£206.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 140 days, this is later than average (33 days)

140 days - Metric Office Furniture Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 106 days, this is slower than average (38 days)

106 days - Metric Office Furniture Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 7 days, this is less than average (71 days)

7 days - Metric Office Furniture Limited

71 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 123 weeks, this is more cash available to meet short term requirements (25 weeks)

123 weeks - Metric Office Furniture Limited

25 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 24%, this is a lower level of debt than the average (64.4%)

24% - Metric Office Furniture Limited

64.4% - Industry AVG

METRIC OFFICE FURNITURE LIMITED financials

EXPORTms excel logo

Metric Office Furniture Limited's latest turnover from April 2023 is estimated at £2.3 million and the company has net assets of £1.8 million. According to their latest financial statements, Metric Office Furniture Limited has 14 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover2,287,8091,962,1351,399,0471,192,7982,186,4452,534,1282,288,0612,523,7472,615,6292,727,7843,272,7381,891,8202,031,6892,052,155
Other Income Or Grants00000000000000
Cost Of Sales1,851,6811,620,8431,145,048955,3841,682,0042,007,7221,788,8531,957,8312,038,9462,103,0652,546,8201,440,4281,556,1301,566,957
Gross Profit436,127341,292253,999237,413504,441526,406499,209565,916576,683624,719725,918451,392475,559485,197
Admin Expenses479,806392,132185,510875,932729,013303,364345,689426,712404,677616,638544,590337,557528,441-1,537,682
Operating Profit-43,679-50,84068,489-638,519-224,572223,042153,520139,204172,0068,081181,328113,835-52,8822,022,879
Interest Payable00000000000000
Interest Receivable50,9428,7291,3131,2867,5994,1512,0813,9703,9173,8443,5513,9253,5611,457
Pre-Tax Profit7,263-42,11169,802-637,233-216,973227,193155,601143,174175,92311,924184,879117,759-49,3212,024,336
Tax-1,8160-13,26200-43,167-29,564-28,635-35,184-2,504-42,522-28,2620-566,814
Profit After Tax5,447-42,11156,540-637,233-216,973184,026126,037114,539140,7389,420142,35789,497-49,3211,457,522
Dividends Paid00000000000000
Retained Profit5,447-42,11156,540-637,233-216,973184,026126,037114,539140,7389,420142,35789,497-49,3211,457,522
Employee Costs489,765529,551519,910581,246653,804735,892730,050649,203163,199188,299253,162147,597174,628173,544
Number Of Employees1416161920232320568566
EBITDA*41,84531,619151,963-553,259-211,345236,722166,356149,915186,94425,028198,038171,443-29,8672,043,365

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets158,481213,965295,391366,019449,701456,784449,580426,360375,272402,496317,362256,386154,632187,004
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets158,481213,965295,391366,019449,701456,784449,580426,360375,272402,496317,362256,386154,632187,004
Stock & work in progress40,00040,23515,00020,38643,62490,19383,65217,00019,44041,22532,74030,28041,820167,228
Trade Debtors881,976842,784636,570345,393823,0981,036,069854,654855,374949,074814,3041,001,155584,232624,417569,350
Group Debtors00000000000000
Misc Debtors0000000008,5360000
Cash1,288,0451,109,2141,218,4721,407,5421,164,675861,610798,666866,427721,464845,189692,230728,358841,447582,874
misc current assets00000000000052,0070
total current assets2,210,0211,992,2331,870,0421,773,3212,031,3971,987,8721,736,9721,738,8011,689,9781,709,2541,726,1251,342,8701,559,6911,319,452
total assets2,368,5022,206,1982,165,4332,139,3402,481,0982,444,6562,186,5522,165,1612,065,2502,111,7502,043,4871,599,2561,714,3231,506,456
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 541,421410,635327,759344,577440,031457,425381,028486,165498,341685,228680,294370,449469,868334,852
Group/Directors Accounts000000000006,85412,8460
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities541,421410,635327,759344,577440,031457,425381,028486,165498,341685,228680,294377,303482,714334,852
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000097,2650
other liabilities00000000000000
provisions26,0710013,62915,70016,49218,81118,32020,77221,12319,76120,87822,76610,705
total long term liabilities26,0710013,62915,70016,49218,81118,32020,77221,12319,76120,878120,03110,705
total liabilities567,492410,635327,759358,206455,731473,917399,839504,485519,113706,351700,055398,181602,745345,557
net assets1,801,0101,795,5631,837,6741,781,1342,025,3671,970,7391,786,7131,660,6761,546,1371,405,3991,343,4321,201,0751,111,5781,160,899
total shareholders funds1,801,0101,795,5631,837,6741,781,1342,025,3671,970,7391,786,7131,660,6761,546,1371,405,3991,343,4321,201,0751,111,5781,160,899
Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit-43,679-50,84068,489-638,519-224,572223,042153,520139,204172,0068,081181,328113,835-52,8822,022,879
Depreciation85,52482,45983,47485,26013,22713,68012,83610,71114,93816,94716,71057,60823,01520,486
Amortisation00000000000000
Tax-1,8160-13,26200-43,167-29,564-28,635-35,184-2,504-42,522-28,2620-566,814
Stock-23525,235-5,386-23,238-46,5696,54166,652-2,440-21,7858,4852,460-11,540-125,408167,228
Debtors39,192206,214291,177-477,705-212,971181,415-720-93,700126,234-178,315416,923-40,18555,067569,350
Creditors130,78682,876-16,818-95,454-17,39476,397-105,137-12,176-186,8874,934309,845-99,419135,016334,852
Accruals and Deferred Income00000000000-97,26597,2650
Deferred Taxes & Provisions26,0710-13,629-2,071-792-2,319491-2,452-3511,362-1,117-1,88812,06110,705
Cash flow from operations157,929-116,954-177,537-149,84130,00979,677-33,786202,792-139,927198,65044,861-3,666284,8161,085,530
Investing Activities
capital expenditure-30,040-1,033-12,846-1,578-6,144-20,884-36,056-61,79912,286-102,081-77,686-159,3629,357-207,490
Change in Investments00000000000000
cash flow from investments-30,040-1,033-12,846-1,578-6,144-20,884-36,056-61,79912,286-102,081-77,686-159,3629,357-207,490
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0000000000-6,854-5,99212,8460
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue000393,000271,601000052,547000-296,623
interest50,9428,7291,3131,2867,5994,1512,0813,9703,9173,8443,5513,9253,5611,457
cash flow from financing50,9428,7291,313394,286279,2004,1512,0813,9703,91756,391-3,303-2,06716,407-295,166
cash and cash equivalents
cash178,831-109,258-189,070242,867303,06562,944-67,761144,963-123,725152,959-36,128-113,089258,573582,874
overdraft00000000000000
change in cash178,831-109,258-189,070242,867303,06562,944-67,761144,963-123,725152,959-36,128-113,089258,573582,874

metric office furniture limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Metric Office Furniture Limited Competitor Analysis

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Perform a competitor analysis for metric office furniture limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in TW20 area or any other competitors across 12 key performance metrics.

metric office furniture limited Ownership

METRIC OFFICE FURNITURE LIMITED group structure

Metric Office Furniture Limited has no subsidiary companies.

Ultimate parent company

METRIC OFFICE FURNITURE LIMITED

00977838

METRIC OFFICE FURNITURE LIMITED Shareholders

jason hart 40%
jane mary hart 30.01%
daryl barry want 29.99%

metric office furniture limited directors

Metric Office Furniture Limited currently has 2 directors. The longest serving directors include Mr Jason Hart (Dec 1991) and Mr Daryl Want (May 2000).

officercountryagestartendrole
Mr Jason Hart62 years Dec 1991- Director
Mr Daryl Want51 years May 2000- Director

P&L

April 2023

turnover

2.3m

+17%

operating profit

-43.7k

0%

gross margin

19.1%

+9.6%

turnover

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

Balance Sheet

April 2023

net assets

1.8m

0%

total assets

2.4m

+0.07%

cash

1.3m

+0.16%

net assets

Total assets minus all liabilities

metric office furniture limited company details

company number

00977838

Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

April 1970

age

55

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

April 2023

previous names

metric business machines limited (December 1981)

accountant

-

auditor

-

address

150-156 thorpe lea road, egham, surrey, TW20 8HA

Bank

-

Legal Advisor

-

metric office furniture 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 metric office furniture limited.

metric office furniture 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.

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metric office furniture limited Companies House Filings - See Documents

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