Pomanda estimates the enterprise value of MERRIDENE PROPERTIES LIMITED at £2.8m based on a Turnover of £2.2m and 1.25x industry multiple (adjusted for size and gross margin).
merridene properties limitedEstimated Valuation
£125.5k
Pomanda estimates the enterprise value of MERRIDENE PROPERTIES LIMITED at £125.5k based on an EBITDA of £34.3k and a 3.66x industry multiple (adjusted for size and gross margin).
merridene properties limitedEstimated Valuation
£728.7k
Pomanda estimates the enterprise value of MERRIDENE PROPERTIES LIMITED at £728.7k based on Net Assets of £487.7k and 1.49x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Merridene Properties LimitedOverview
Merridene Properties Limited is a live company located in bideford, EX39 4QU with a Companies House number of 02071832. It operates in the development of building projects sector, SIC Code 41100. Founded in November 1986, it's largest shareholder is
heather susan crathorn
with a 33.6% stake. Merridene Properties Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£2.2m with
high
growth in recent years.
Pomanda's financial health check has awarded Merridene Properties Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
5 Strong
1 Regular
4 Weak
Size
annual sales of £2.2m, make it larger than the average company (£1.6m)
£2.2m - Merridene Properties Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (4.5%)
26% - Merridene Properties Limited
4.5% - Industry AVG
Production
with a gross margin of 17.5%, this company has a higher cost of product (46.9%)
17.5% - Merridene Properties Limited
46.9% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (16.9%)
1.5% - Merridene Properties Limited
16.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (5)
2 - Merridene Properties Limited
5 - Industry AVG
Pay Structure
on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)
£43.3k - Merridene Properties Limited
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £1.1m, this is more efficient (£236.3k)
£1.1m - Merridene Properties Limited
£236.3k - Industry AVG
Debtor Days
it gets paid by customers after 161 days, this is later than average (27 days)
161 days - Merridene Properties Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (31 days)
61 days - Merridene Properties Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Merridene Properties Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Merridene Properties Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.8%, this is a lower level of debt than the average (68.6%)
52.8% - Merridene Properties Limited
68.6% - Industry AVG
MERRIDENE PROPERTIES LIMITED financials
EXPORT
Merridene Properties Limited's latest turnover from March 2024 is estimated at £2.2 million and the company has net assets of £487.7 thousand. According to their latest financial statements, Merridene Properties Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
2,239,757
1,639,806
1,564,151
1,114,433
1,239,799
1,529,688
959,490
991,897
5,845
7,581
5,401
324,141
335,003
387,295
545,427
Other Income Or Grants
Cost Of Sales
1,847,518
1,347,137
1,295,548
938,518
1,047,828
1,257,561
785,895
813,690
4,760
6,267
4,536
272,254
282,741
330,401
469,516
Gross Profit
392,239
292,669
268,603
175,915
191,971
272,127
173,595
178,207
1,085
1,315
865
51,887
52,262
56,895
75,911
Admin Expenses
357,920
260,586
189,607
138,485
189,927
288,706
172,623
173,307
-51,504
-1,357
72,777
22,079
44,088
-63,393
-290,651
Operating Profit
34,319
32,083
78,996
37,430
2,044
-16,579
972
4,900
52,589
2,672
-71,912
29,808
8,174
120,288
366,562
Interest Payable
Interest Receivable
149
301
3
3
6
14
38
29
Pre-Tax Profit
34,319
32,083
78,996
37,430
2,044
-16,579
972
5,049
52,890
2,675
-71,909
29,814
8,188
120,326
366,590
Tax
-8,580
-6,096
-15,009
-7,112
-388
-185
-1,010
-10,578
-562
-7,155
-2,129
-33,691
-102,645
Profit After Tax
25,739
25,987
63,987
30,318
1,656
-16,579
787
4,039
42,312
2,113
-71,909
22,659
6,059
86,635
263,945
Dividends Paid
Retained Profit
25,739
25,987
63,987
30,318
1,656
-16,579
787
4,039
42,312
2,113
-71,909
22,659
6,059
86,635
263,945
Employee Costs
86,693
81,994
81,215
78,970
82,229
121,847
77,441
76,331
38,927
36,730
36,241
34,302
33,763
33,579
33,152
Number Of Employees
2
2
2
2
2
3
2
2
1
1
1
1
1
1
1
EBITDA*
34,319
32,083
78,996
37,430
2,044
-16,579
972
4,900
52,593
2,676
-71,907
29,814
8,181
120,296
366,572
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
45,205
45,206
45,207
9
10
12
14
17
20
24
28
33
39
46
54
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
45,205
45,206
45,207
9
10
12
14
17
20
24
28
33
39
46
54
Stock & work in progress
235,376
310,376
310,376
885,103
901,207
1,072,907
1,305,801
Trade Debtors
989,040
727,024
724,075
558,650
562,557
541,712
358,341
358,073
10
9,343
6,597
15,340
7,174
Group Debtors
Misc Debtors
Cash
119,376
836
382
1,011
1,572
3,828
11,474
misc current assets
total current assets
989,040
727,024
724,075
558,650
562,557
541,712
358,341
358,073
354,752
311,212
310,768
895,457
909,376
1,092,075
1,324,449
total assets
1,034,245
772,230
769,282
558,659
562,567
541,724
358,355
358,090
354,772
311,236
310,796
895,490
909,415
1,092,121
1,324,503
Bank overdraft
Bank loan
Trade Creditors
312,661
309,338
332,353
185,471
220,141
201,134
1,199
2,237
2,833
1,609
3,282
516,067
552,651
741,416
1,060,433
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
312,661
309,338
332,353
185,471
220,141
201,134
1,199
2,237
2,833
1,609
3,282
516,067
552,651
741,416
1,060,433
loans
hp & lease commitments
Accruals and Deferred Income
1,036
883
907
1,153
709
529
516
other liabilities
232,800
provisions
total long term liabilities
233,836
883
907
1,153
709
529
516
total liabilities
546,497
310,221
333,260
186,624
220,850
201,663
1,715
2,237
2,833
1,609
3,282
516,067
552,651
741,416
1,060,433
net assets
487,748
462,009
436,022
372,035
341,717
340,061
356,640
355,853
351,939
309,627
307,514
379,423
356,764
350,705
264,070
total shareholders funds
487,748
462,009
436,022
372,035
341,717
340,061
356,640
355,853
351,939
309,627
307,514
379,423
356,764
350,705
264,070
Mar 2024
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
34,319
32,083
78,996
37,430
2,044
-16,579
972
4,900
52,589
2,672
-71,912
29,808
8,174
120,288
366,562
Depreciation
4
4
5
6
7
8
10
Amortisation
Tax
-8,580
-6,096
-15,009
-7,112
-388
-185
-1,010
-10,578
-562
-7,155
-2,129
-33,691
-102,645
Stock
-235,376
-75,000
-574,727
-16,104
-171,700
-232,894
1,305,801
Debtors
262,016
2,949
165,425
-3,907
20,845
183,371
268
358,073
-10
-9,333
2,746
-8,743
8,166
7,174
Creditors
3,323
-23,015
146,882
-34,670
19,007
199,935
-1,038
-596
1,224
-1,673
-512,785
-36,584
-188,765
-319,017
1,060,433
Accruals and Deferred Income
153
-24
-246
444
180
13
516
Deferred Taxes & Provisions
Cash flow from operations
-232,801
-1
45,198
-1
-2
-2
-3
-119,403
118,239
451
-632
-567
-2,270
-7,684
11,385
Investing Activities
capital expenditure
1
1
-45,198
1
2
2
3
3
-64
Change in Investments
cash flow from investments
1
1
-45,198
1
2
2
3
3
-64
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
232,800
share issue
-125
125
interest
149
301
3
3
6
14
38
29
cash flow from financing
232,800
24
301
3
3
6
14
38
154
cash and cash equivalents
cash
-119,376
118,540
454
-629
-561
-2,256
-7,646
11,474
overdraft
change in cash
-119,376
118,540
454
-629
-561
-2,256
-7,646
11,474
merridene properties limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for merridene properties limited. Get real-time insights into merridene properties limited's credit score, group structure and payment trends.
Perform a competitor analysis for merridene properties limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in EX39 area or any other competitors across 12 key performance metrics.
merridene properties limited Ownership
MERRIDENE PROPERTIES LIMITED group structure
Merridene Properties Limited has no subsidiary companies.
Ultimate parent company
MERRIDENE PROPERTIES LIMITED
02071832
MERRIDENE PROPERTIES LIMITED Shareholders
The largest shareholders in Merridene Properties Limited include Heather Susan Crathorn and Christopher Paul Ayres.
heather susan crathorn
33.59%
christopher paul ayres
33.59%
kathleen alison ayres
32.81%
merridene properties limited directors
Merridene Properties Limited currently has 2 directors.
The longest serving directors include
Mr Christopher Ayres (May 1991) and
Mrs Heather Crathorn (Feb 2017).
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 22 charges/mortgages relating to merridene properties limited. Currently there are 5 open charges and 17 have been satisfied in the past.
merridene properties 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.
Click to start generating capital raising & share issue transactions for MERRIDENE PROPERTIES LIMITED. This can take several minutes, an email will notify you when this has completed.
merridene properties limitedCompanies House Filings - See Documents
