Mep Ltd

POWER SEARCH PRICING

SOLUTIONS

mep ltd Company Information

Company Number

01278360

Next Accounts

Jun 2025

Directors

Philip Hart

Susan Hart

Shareholders

philip ian hart

susan hart

Group Structure

View All

Industry

Manufacture of other plastic products

Registered Address

unit bb, st michaels close, the forstal estate, aylesford, kent, ME20 7BU

Website

www.mep.co.uk

mep ltd Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of MEP LTD at £3.7m based on Net Assets of £2.2m and 1.67x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Mep Ltd is a live company located in aylesford, ME20 7BU with a Companies House number of 01278360. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in September 1976, it's largest shareholder is philip ian hart with a 74.9% stake. Mep Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with healthy growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Mep Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

5 Regular

6 Weak

Size

annual sales of £4.6m, make it smaller than the average company (£15.8m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.2%)

EXPORT

Mep Ltd's latest turnover from September 2023 is estimated at £4.6 million and the company has net assets of £2.2 million. According to their latest financial statements, Mep Ltd has 42 employees and maintains cash reserves of £152.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	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	4,580,725	3,535,216	3,122,703	3,696,191	3,961,818	3,335,975	3,685,299	3,761,943	4,359,060	3,529,962	3,194,841	3,350,013	2,809,511	2,612,891
Other Income Or Grants
Cost Of Sales	3,396,042	2,564,879	2,240,446	2,657,772	2,886,026	2,364,971	2,578,927	2,630,128	3,108,353	2,500,103	2,283,631	2,396,890	1,978,031	1,807,094
Gross Profit	1,184,682	970,337	882,256	1,038,419	1,075,792	971,004	1,106,373	1,131,815	1,250,708	1,029,859	911,210	953,123	831,480	805,797
Admin Expenses	1,024,995	793,341	883,979	1,006,173	861,725	252,709	942,166	1,093,909	1,345,029	750,833	731,753	873,893	655,409	913,403	-818,659
Operating Profit	159,687	176,996	-1,723	32,246	214,067	718,295	164,207	37,906	-94,321	279,026	179,457	79,230	176,071	-107,606	818,659
Interest Payable	43,654	47,578	33,543	19,789	7,417	4,037	6,003	2,265
Interest Receivable	14,982	9,877	319	107	242	115	73	280	828	1,138	1,331	1,664	2,368	2,031	719
Pre-Tax Profit	131,015	139,295	-34,947	12,564	206,893	714,373	158,278	35,921	-93,493	280,165	180,788	80,893	178,439	-105,575	819,378
Tax	-32,754	-26,466		-2,387	-39,310	-135,731	-30,073	-7,184		-58,835	-41,581	-19,414	-46,394		-229,426
Profit After Tax	98,261	112,829	-34,947	10,177	167,583	578,642	128,205	28,737	-93,493	221,330	139,207	61,479	132,045	-105,575	589,952
Dividends Paid
Retained Profit	98,261	112,829	-34,947	10,177	167,583	578,642	128,205	28,737	-93,493	221,330	139,207	61,479	132,045	-105,575	589,952
Employee Costs	1,527,821	1,397,465	1,348,967	1,598,196	1,347,776	1,521,963	1,741,032	1,925,496	1,013,950	787,136	717,495	735,575	673,326	663,874
Number Of Employees	42	40	40	49	42	48	57	66	35	28	26	27	25	25
EBITDA*	567,492	481,167	398,131	354,857	583,736	718,295	342,098	195,540	51,016	367,202	279,106	121,763	224,386	-69,682	866,468

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	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	1,046,255	698,599	776,741	841,924	908,677	719,135	898,924	761,921	646,310	310,482	354,317	122,619	165,152	163,776	173,497
Intangible Assets	706,549	684,765	557,355	582,969	517,016	456,180
Investments & Other	369,258	369,258	369,258	1,047,295	1,119,695	1,121,488	1,035,597	1,092,412	1,049,042	700,042	350,542
Debtors (Due After 1 year)
Total Fixed Assets	2,122,062	1,752,622	1,703,354	2,472,188	2,545,388	2,296,803	1,934,521	1,854,333	1,695,352	1,010,524	704,859	122,619	165,152	163,776	173,497
Stock & work in progress	580,927	289,718	374,780	339,984	454,355	271,386	286,576	290,404	153,267	122,789	129,735	107,689	65,445	75,561	65,760
Trade Debtors	632,564	656,144	504,220	520,049	622,987	500,081	608,114	495,233	839,561	837,879	749,919	939,989	744,638	604,119	691,576
Group Debtors
Misc Debtors	1,375,217	1,067,851	967,781	252,900	147,377	56,956	55,879	89,522			571
Cash	152,637	418,087	459,891	178,862	34,509	30,143	485	58,280	165,448	165,833	289,450	243,026	422,478	524,869	287,494
misc current assets
total current assets	2,741,345	2,431,800	2,306,672	1,291,795	1,259,228	858,566	951,054	933,439	1,158,276	1,126,501	1,169,675	1,290,704	1,232,561	1,204,549	1,044,830
total assets	4,863,407	4,184,422	4,010,026	3,763,983	3,804,616	3,155,369	2,885,575	2,787,772	2,853,628	2,137,025	1,874,534	1,413,323	1,397,713	1,368,325	1,218,327
Bank overdraft	303						119,619	72,468
Bank loan	113,588	100,000	100,000	250,000
Trade Creditors	574,858	240,351	276,932	308,611	559,428	254,782	218,124	349,087	1,153,054	685,666	618,682	468,840	507,720	606,475	347,961
Group/Directors Accounts
other short term finances		81,390	56,972	56,972	97,666
hp & lease commitments	140,048	105,601	71,278	56,167	124,190
other current liabilities	580,753	617,855	238,734	265,998	242,853	419,727	469,632	405,795
total current liabilities	1,409,550	1,145,197	743,916	937,748	1,024,137	674,509	807,375	827,350	1,153,054	685,666	618,682	468,840	507,720	606,475	347,961
loans	179,506	301,287	513,751	122,084	122,084
hp & lease commitments	708,355	352,788	497,222	408,586	413,394
Accruals and Deferred Income
other liabilities						446,228	612,480	615,213	450,707	123,768	147,924			418	6,713
provisions	322,816	240,231	223,047	182,178	141,791	99,005	108,735	116,429	49,824	34,055	35,722	11,484	18,473	21,957	18,703
total long term liabilities	1,210,677	894,306	1,234,020	712,848	677,269	545,233	721,215	731,642	500,531	157,823	183,646	11,484	18,473	22,375	25,416
total liabilities	2,620,227	2,039,503	1,977,936	1,650,596	1,701,406	1,219,742	1,528,590	1,558,992	1,653,585	843,489	802,328	480,324	526,193	628,850	373,377
net assets	2,243,180	2,144,919	2,032,090	2,113,387	2,103,210	1,935,627	1,356,985	1,228,780	1,200,043	1,293,536	1,072,206	932,999	871,520	739,475	844,950
total shareholders funds	2,243,180	2,144,919	2,032,090	2,113,387	2,103,210	1,935,627	1,356,985	1,228,780	1,200,043	1,293,536	1,072,206	932,999	871,520	739,475	844,950

	Sep 2023	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	159,687	176,996	-1,723	32,246	214,067	718,295	164,207	37,906	-94,321	279,026	179,457	79,230	176,071	-107,606	818,659
Depreciation	137,930	130,205	125,870	102,110	200,785		177,891	157,634	145,337	88,176	99,649	42,533	48,315	37,924	47,809
Amortisation	269,875	173,966	273,984	220,501	168,884
Tax	-32,754	-26,466		-2,387	-39,310	-135,731	-30,073	-7,184		-58,835	-41,581	-19,414	-46,394		-229,426
Stock	291,209	-85,062	34,796	-114,371	182,969	-15,190	-3,828	137,137	30,478	-6,946	22,046	42,244	-10,116	9,801	65,760
Debtors	283,786	251,994	699,052	2,585	213,327	-106,956	79,238	-254,806	1,682	87,389	-189,499	195,351	140,519	-87,457	691,576
Creditors	334,507	-36,581	-31,679	-250,817	304,646	36,658	-130,963	-803,967	467,388	66,984	149,842	-38,880	-98,755	258,514	347,961
Accruals and Deferred Income	-37,102	379,121	-27,264	23,145	-176,874	-49,905	63,837	405,795
Deferred Taxes & Provisions	82,585	17,184	40,869	40,387	42,786	-9,730	-7,694	66,605	15,769	-1,667	24,238	-6,989	-3,484	3,254	18,703
Cash flow from operations	339,733	647,493	-353,791	276,971	318,688	681,733	161,795	-25,542	502,013	293,241	579,058	-181,115	-54,650	269,742	246,370
Investing Activities
capital expenditure	-777,245	-353,439	-309,057	-321,811	-620,047	-276,391	-314,894	-273,245	-481,165	-44,341	-331,347		-49,691	-28,203	-221,306
Change in Investments			-678,037	-72,400	-1,793	85,891	-56,815	43,370	349,000	349,500	350,542
cash flow from investments	-777,245	-353,439	368,980	-249,411	-618,254	-362,282	-258,079	-316,615	-830,165	-393,841	-681,889		-49,691	-28,203	-221,306
Financing Activities
Bank loans	13,588		-150,000	250,000
Group/Directors Accounts
Other Short Term Loans	-81,390	24,418		-40,694	97,666
Long term loans	-121,781	-212,464	391,667		122,084
Hire Purchase and Lease Commitments	390,014	-110,111	103,747	-72,831	537,584
other long term liabilities					-446,228	-166,252	-2,733	164,506	326,939	-24,156	147,924		-418	-6,295	6,713
share issue			-46,350											100	254,998
interest	-28,672	-37,701	-33,224	-19,682	-7,175	-3,922	-5,930	-1,985	828	1,138	1,331	1,664	2,368	2,031	719
cash flow from financing	171,759	-335,858	265,840	116,793	303,931	-170,174	-8,663	162,521	327,767	-23,018	149,255	1,664	1,950	-4,164	262,430
cash and cash equivalents
cash	-265,450	-41,804	281,029	144,353	4,366	29,658	-57,795	-107,168	-385	-123,617	46,424	-179,452	-102,391	237,375	287,494
overdraft	303					-119,619	47,151	72,468
change in cash	-265,753	-41,804	281,029	144,353	4,366	149,277	-104,946	-179,636	-385	-123,617	46,424	-179,452	-102,391	237,375	287,494

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for mep ltd. Get real-time insights into mep ltd's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for mep ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in ME20 area or any other competitors across 12 key performance metrics.

MEP LTD group structure

Mep Ltd has no subsidiary companies.

Ultimate parent company

MEP LTD

01278360

MEP LTD Shareholders

philip ian hart	74.88%
susan hart	25.12%

Mep Ltd currently has 2 directors. The longest serving directors include Mr Philip Hart (Aug 1998) and Mrs Susan Hart (Jun 2020).

officer	country	age	start	end	role
Mr Philip Hart		54 years	Aug 1998	-	Director
Mrs Susan Hart		55 years	Jun 2020	-	Director

P&L

September 2023

turnover

4.6m

+30%

operating profit

159.7k

gross margin

25.9%

-5.78%

turnover

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

Balance Sheet

September 2023

net assets

2.2m

+0.05%

total assets

4.9m

+0.16%

cash

152.6k

-0.63%

net assets

Total assets minus all liabilities

Similar Companies

c. & k. extrusions limited

3.5

eden limited

3.5

tilon composites limited

3.5

shavrin limited

scorpion enterprises limited

company number

01278360

Type

Private limited with Share Capital

industry

22290 - Manufacture of other plastic products

incorporation date

September 1976

ultimate parent company

None

previous names

m.e.p. limited (March 2005)

m.e.p. (aeroplastics) limited (January 2005)

address

unit bb, st michaels close, the forstal estate, aylesford, kent, ME20 7BU

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 3 charges/mortgages relating to mep ltd. Currently there are 1 open charges and 2 have been satisfied in the past.

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.

Click to start generating capital raising & share issue transactions for MEP LTD. This can take several minutes, an email will notify you when this has completed.

mep ltd Company Information

mep ltd Estimated Valuation

mep ltd Estimated Valuation

mep ltd Estimated Valuation

Mep Ltd Overview

Mep Ltd Health Check

MEP LTD financials

mep ltd Credit Report and Business Information

Mep Ltd Competitor Analysis

mep ltd Ownership

mep ltd directors

mep ltd company details

mep ltd Charges & Mortgages

mep ltd Capital Raised & Share Issues BETA

mep ltd Companies House Filings - See Documents