Meronden Limited

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meronden limited Company Information

Live

MatureSmallDeclining

Company Number

01587868

Website

http://www.merondendesigns.co.uk

Registered Address

19-20 bourne court, unity trading estate, woodford green, essex, IG8 8HD

Industry

Construction of commercial buildings

Telephone

01252415174

Next Accounts Due

December 2024

Group Structure

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Directors

Stephen Haycock32 Years

Martin Romaine28 Years

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Shareholders

stephen haycock 34%

martin george romaine 33%

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meronden limited Estimated Valuation

£816.6k

Pomanda estimates the enterprise value of MERONDEN LIMITED at £816.6k based on a Turnover of £3m and 0.27x industry multiple (adjusted for size and gross margin).

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Meronden Limited is a live company located in woodford green, IG8 8HD with a Companies House number of 01587868. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in September 1981, it's largest shareholder is stephen haycock with a 34% stake. Meronden Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with declining growth in recent years.

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Pomanda's financial health check has awarded Meronden Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £3m, make it smaller than the average company (£10.7m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.5%)

EXPORT

Meronden Limited's latest turnover from March 2023 is estimated at £3 million and the company has net assets of £251.6 thousand. According to their latest financial statements, Meronden Limited has 39 employees and maintains cash reserves of £11 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,995,397	4,021,399	2,818,712	3,517,570	6,201,701	3,489,671	4,200,335	4,498,910	2,988,473	2,848,410	6,521,901	4,916,990	3,580,034	5,708,072
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,771,718	3,706,044	2,600,567	3,226,904	5,685,875	3,201,104	3,839,578	4,132,705	2,755,664	2,624,675	6,007,770	4,512,694	3,249,219	5,174,937
Gross Profit	223,679	315,355	218,145	290,666	515,826	288,567	360,757	366,205	232,809	223,735	514,131	404,296	330,815	533,134
Admin Expenses	203,379	266,702	265,483	291,073	482,470	228,058	323,091	366,319	335,207	217,560	460,473	348,535	230,744	517,012
Operating Profit	20,300	48,653	-47,338	-407	33,356	60,509	37,666	-114	-102,398	6,175	53,658	55,761	100,071	16,122
Interest Payable	0	0	0	4,455	8,539	3,476	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	46	348	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	20,300	48,653	-47,338	-4,815	25,165	57,033	37,666	-114	-102,398	6,175	53,658	55,761	100,071	16,122
Tax	-3,857	-9,244	0	0	-4,781	-10,836	-7,533	0	0	-1,420	-12,878	-14,498	-28,020	-4,514
Profit After Tax	16,443	39,409	-47,338	-4,815	20,384	46,197	30,133	-114	-102,398	4,755	40,780	41,263	72,051	11,608
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	16,443	39,409	-47,338	-4,815	20,384	46,197	30,133	-114	-102,398	4,755	40,780	41,263	72,051	11,608
Employee Costs	2,021,989	1,544,608	1,291,271	1,301,786	1,284,830	1,250,021	943,146	893,055	244,700	236,317	540,304	454,527	335,007	549,055
Number Of Employees	39	31	27	27	27	27	21	21	6	6	14	12	9	15
EBITDA*	32,334	60,707	-36,848	10,173	43,433	65,511	41,957	11,761	-89,413	18,976	70,937	69,503	118,511	45,946

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	74,353	45,525	25,594	36,084	30,035	37,946	11,640	15,931	23,965	33,135	36,417	30,496	37,149	230,772
Intangible Assets	0	0	0	0	0	0	0	0	2,000	4,000	6,000	8,000	10,000	12,000
Investments & Other	270,000	270,000	260,000	260,000	250,000	235,000	235,000	235,000	235,000	180,000	180,000	170,064	173,787	26
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	344,353	315,525	285,594	296,084	280,035	272,946	246,640	250,931	260,965	217,135	222,417	208,560	220,936	242,798
Stock & work in progress	265,826	507,876	446,681	378,209	72,674	148,496	90,050	65,521	104,659	128,076	204,277	303,985	244,580	135,165
Trade Debtors	383,712	596,033	321,710	542,980	1,530,759	760,659	936,150	1,025,158	601,068	601,150	1,457,122	1,054,784	720,272	1,193,382
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	77,903	0	1,470	0	0
Cash	11	11	11	11	92,730	11	11	11	11	11	11	11	11	11
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	649,549	1,103,920	768,402	921,200	1,696,163	909,166	1,026,211	1,090,690	705,738	807,140	1,661,410	1,360,250	964,863	1,328,558
total assets	993,902	1,419,445	1,053,996	1,217,284	1,976,198	1,182,112	1,272,851	1,341,621	966,703	1,024,275	1,883,827	1,568,810	1,185,799	1,571,356
Bank overdraft	0	0	0	0	0	106,945	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	658,886	1,117,194	803,040	950,826	1,552,536	651,204	1,109,710	1,208,613	799,681	767,726	1,577,948	1,269,626	1,022,971	1,479,102
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	146,051	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	18,238	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	658,886	1,117,194	803,040	950,826	1,716,825	954,537	1,109,710	1,208,613	799,681	767,726	1,577,948	1,269,626	1,022,971	1,479,102
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	64,800	47,423	45,537	13,701	11,801	18,237	0	0	33,901	76,030	129,472	173,519	78,588	78,551
provisions	18,588	19,643	17,743	17,743	15,843	12,993	12,993	12,993	0	0	643	643	481	1,995
total long term liabilities	83,388	67,066	63,280	31,444	27,644	31,230	12,993	12,993	33,901	76,030	130,115	174,162	79,069	80,546
total liabilities	742,274	1,184,260	866,320	982,270	1,744,469	985,767	1,122,703	1,221,606	833,582	843,756	1,708,063	1,443,788	1,102,040	1,559,648
net assets	251,628	235,185	187,676	235,014	231,729	196,345	150,148	120,015	133,121	180,519	175,764	125,022	83,759	11,708
total shareholders funds	251,628	235,185	187,676	235,014	231,729	196,345	150,148	120,015	133,121	180,519	175,764	125,022	83,759	11,708

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	20,300	48,653	-47,338	-407	33,356	60,509	37,666	-114	-102,398	6,175	53,658	55,761	100,071	16,122
Depreciation	12,034	12,054	10,490	10,580	10,077	5,002	4,291	9,875	10,985	10,801	15,279	11,742	16,440	27,824
Amortisation	0	0	0	0	0	0	0	2,000	2,000	2,000	2,000	2,000	2,000	2,000
Tax	-3,857	-9,244	0	0	-4,781	-10,836	-7,533	0	0	-1,420	-12,878	-14,498	-28,020	-4,514
Stock	-242,050	61,195	68,472	305,535	-75,822	58,446	24,529	-39,138	-23,417	-76,201	-99,708	59,405	109,415	135,165
Debtors	-212,321	274,323	-221,270	-987,779	770,100	-175,491	-89,008	424,090	-77,985	-778,069	400,868	335,982	-473,110	1,193,382
Creditors	-458,308	314,154	-147,786	-601,710	901,332	-458,506	-98,903	408,932	31,955	-810,222	308,322	246,655	-456,131	1,479,102
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,055	1,900	0	1,900	2,850	0	0	12,993	0	-643	0	162	-1,514	1,995
Cash flow from operations	23,485	31,999	-31,836	92,607	248,556	-286,786	0	48,734	43,944	60,961	65,221	-93,565	-3,459	193,982
Investing Activities
capital expenditure	-40,862	-31,985	0	-16,629	-2,166	-31,308	0	-1,841	-1,815	-7,519	-21,200	-5,089	177,183	-272,596
Change in Investments	0	10,000	0	10,000	15,000	0	0	0	55,000	0	9,936	-3,723	173,761	26
cash flow from investments	-40,862	-41,985	0	-26,629	-17,166	-31,308	0	-1,841	-56,815	-7,519	-31,136	-1,366	3,422	-272,622
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	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-146,051	146,051	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-18,238	18,238	0	0	0	0	0	0	0	0	0
other long term liabilities	17,377	1,886	31,836	1,900	-6,436	18,237	0	-33,901	-42,129	-53,442	-44,047	94,931	37	78,551
share issue	0	8,100	0	8,100	15,000	0	0	-12,992	55,000	0	9,962	0	0	100
interest	0	0	0	-4,409	-8,191	-3,476	0	0	0	0	0	0	0	0
cash flow from financing	17,377	9,986	31,836	-158,698	164,662	14,761	0	-46,893	12,871	-53,442	-34,085	94,931	37	78,651
cash and cash equivalents
cash	0	0	0	-92,719	92,719	0	0	0	0	0	0	0	0	11
overdraft	0	0	0	0	-106,945	106,945	0	0	0	0	0	0	0	0
change in cash	0	0	0	-92,719	199,664	-106,945	0	0	0	0	0	0	0	11

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERONDEN LIMITED group structure

Meronden Limited has no subsidiary companies.

Ultimate parent company

MERONDEN LIMITED

01587868

MERONDEN LIMITED Shareholders

stephen haycock	34%
martin george romaine	33%
philip andrew brown	20%
kim elizabeth brown	13%

Meronden Limited currently has 3 directors. The longest serving directors include Mr Stephen Haycock (Jun 1991) and Mr Martin Romaine (Apr 1996).

officer	country	age	start	end	role
Mr Stephen Haycock	United Kingdom	64 years	Jun 1991	-	Director
Mr Martin Romaine		72 years	Apr 1996	-	Director
Mr Philip Brown	United Kingdom	66 years	Aug 2021	-	Director

P&L

March 2023

turnover

-26%

operating profit

20.3k

gross margin

7.5%

-4.78%

turnover

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

Balance Sheet

March 2023

net assets

251.6k

+0.07%

total assets

993.9k

-0.3%

cash

net assets

Total assets minus all liabilities

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company number

01587868

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

September 1981

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

19-20 bourne court, unity trading estate, woodford green, essex, IG8 8HD

last accounts submitted

March 2023

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 6 charges/mortgages relating to meronden limited. Currently there are 4 open charges and 2 have been satisfied in the past.

meronden limited Company Information

meronden limited Estimated Valuation

meronden limited Estimated Valuation

meronden limited Estimated Valuation

Meronden Limited Overview

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MERONDEN LIMITED financials

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