met-spec roofing services limited
met-spec roofing services limited Company Information
Company Number
02364785
Website
www.metspec.co.ukRegistered Address
valentine house, 252 peel green road, eccles, manchester, M30 7BU
Industry
Development of building projects
Construction of commercial buildings
Telephone
01617878821
Next Accounts Due
January 2025
Group Structure
View All
Directors
Andrew Valentine32 Years
Shareholders
andrew david valentine 100%
met-spec roofing services limited Estimated Valuation
Pomanda estimates the enterprise value of MET-SPEC ROOFING SERVICES LIMITED at £399.1k based on a Turnover of £1.4m and 0.29x industry multiple (adjusted for size and gross margin).
met-spec roofing services limited Estimated Valuation
Pomanda estimates the enterprise value of MET-SPEC ROOFING SERVICES LIMITED at £255.5k based on an EBITDA of £110.9k and a 2.3x industry multiple (adjusted for size and gross margin).
met-spec roofing services limited Estimated Valuation
Pomanda estimates the enterprise value of MET-SPEC ROOFING SERVICES LIMITED at £790.7k based on Net Assets of £616.5k and 1.28x industry multiple (adjusted for liquidity).
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Met-spec Roofing Services Limited Overview
Met-spec Roofing Services Limited is a live company located in eccles, M30 7BU with a Companies House number of 02364785. It operates in the development of building projects sector, SIC Code 41100. Founded in March 1989, it's largest shareholder is andrew david valentine with a 100% stake. Met-spec Roofing Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
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Met-spec Roofing Services Limited Health Check
Pomanda's financial health check has awarded Met-Spec Roofing Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£5.9m)
- Met-spec Roofing Services Limited
£5.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (3.6%)
- Met-spec Roofing Services Limited
3.6% - Industry AVG
Production
with a gross margin of 8.7%, this company has a higher cost of product (20.3%)
- Met-spec Roofing Services Limited
20.3% - Industry AVG
Profitability
an operating margin of 8% make it more profitable than the average company (5.5%)
- Met-spec Roofing Services Limited
5.5% - Industry AVG
Employees
with 5 employees, this is below the industry average (17)
5 - Met-spec Roofing Services Limited
17 - Industry AVG
Pay Structure
on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)
- Met-spec Roofing Services Limited
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £277.3k, this is equally as efficient (£307.5k)
- Met-spec Roofing Services Limited
£307.5k - Industry AVG
Debtor Days
it gets paid by customers after 165 days, this is later than average (37 days)
- Met-spec Roofing Services Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (35 days)
- Met-spec Roofing Services Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Met-spec Roofing Services Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Met-spec Roofing Services Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.7%, this is a lower level of debt than the average (71.9%)
8.7% - Met-spec Roofing Services Limited
71.9% - Industry AVG
MET-SPEC ROOFING SERVICES LIMITED financials
Met-Spec Roofing Services Limited's latest turnover from April 2023 is estimated at £1.4 million and the company has net assets of £616.5 thousand. According to their latest financial statements, Met-Spec Roofing Services Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 5 | 5 | 5 | 6 | 6 | 6 | 6 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 38,094 | 33,472 | 18,757 | 22,358 | 24,139 | 25,352 | 15,235 | 15,896 | 16,027 | 18,218 | 20,783 | 22,719 | 27,512 | 20,665 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 38,094 | 33,472 | 18,757 | 22,358 | 24,139 | 25,352 | 15,235 | 15,896 | 16,027 | 18,218 | 20,783 | 22,719 | 27,512 | 20,665 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 629,113 | 575,181 | 527,395 | 661,247 | 573,390 | 497,488 | 474,685 | 427,455 | 374,409 | 355,309 | 318,265 | 205,440 | 217,569 | 244,339 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 7,940 | 54,476 | 7,678 | 1,760 | 3,863 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,566 | 93,264 | 63,989 | 46,013 | 142,536 | 125,858 | 97,121 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 2,903 | 1,839 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 637,053 | 629,657 | 535,073 | 663,007 | 577,253 | 500,391 | 476,524 | 498,021 | 467,673 | 419,298 | 364,278 | 347,976 | 343,427 | 341,460 |
| total assets | 675,147 | 663,129 | 553,830 | 685,365 | 601,392 | 525,743 | 491,759 | 513,917 | 483,700 | 437,516 | 385,061 | 370,695 | 370,939 | 362,125 |
| Bank overdraft | 0 | 0 | 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 | 56,765 | 122,835 | 27,930 | 109,308 | 82,969 | 68,501 | 56,181 | 74,769 | 119,599 | 137,820 | 188,176 | 196,348 | 203,669 | 184,074 |
| 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 56,765 | 122,835 | 27,930 | 109,308 | 82,969 | 68,501 | 56,181 | 74,769 | 119,599 | 137,820 | 188,176 | 196,348 | 203,669 | 184,074 |
| 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 | 1,853 | 6,848 | 1,422 | 67,829 | 1,243 | 1,371 | 1,965 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 122 | 830 | 1,384 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 818 | 782 | 1,159 | 1,381 | 1,657 | 2,291 | 740 |
| total long term liabilities | 1,853 | 6,970 | 2,252 | 69,213 | 1,243 | 1,371 | 1,965 | 818 | 782 | 1,159 | 1,381 | 1,657 | 2,291 | 740 |
| total liabilities | 58,618 | 129,805 | 30,182 | 178,521 | 84,212 | 69,872 | 58,146 | 75,587 | 120,381 | 138,979 | 189,557 | 198,005 | 205,960 | 184,814 |
| net assets | 616,529 | 533,324 | 523,648 | 506,844 | 517,180 | 455,871 | 433,613 | 438,330 | 363,319 | 298,537 | 195,504 | 172,690 | 164,979 | 177,311 |
| total shareholders funds | 616,529 | 533,324 | 523,648 | 506,844 | 517,180 | 455,871 | 433,613 | 438,330 | 363,319 | 298,537 | 195,504 | 172,690 | 164,979 | 177,311 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 1,708 | 2,191 | 2,487 | 3,292 | 3,706 | 3,507 | 3,266 | |||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 7,396 | 94,584 | -127,934 | 85,754 | 79,765 | 22,803 | 47,230 | 53,046 | 19,100 | 37,044 | 112,825 | -12,129 | -26,770 | 244,339 |
| Creditors | -66,070 | 94,905 | -81,378 | 26,339 | 14,468 | 12,320 | -18,588 | -44,830 | -18,221 | -50,356 | -8,172 | -7,321 | 19,595 | 184,074 |
| Accruals and Deferred Income | -4,995 | 5,426 | -66,407 | 66,586 | -128 | -594 | 1,965 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -818 | 36 | -377 | -222 | -276 | -634 | 1,551 | 740 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| 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 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -122 | -708 | -554 | 1,384 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -70,566 | -22,698 | 29,275 | 17,976 | -96,523 | 16,678 | 28,737 | 97,121 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -70,566 | -22,698 | 29,275 | 17,976 | -96,523 | 16,678 | 28,737 | 97,121 |
met-spec roofing services limited Credit Report and Business Information
Met-spec Roofing Services Limited Competitor Analysis
Perform a competitor analysis for met-spec roofing services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
met-spec roofing services limited Ownership
MET-SPEC ROOFING SERVICES LIMITED group structure
Met-Spec Roofing Services Limited has no subsidiary companies.
Ultimate parent company
MET-SPEC ROOFING SERVICES LIMITED
02364785
met-spec roofing services limited directors
Met-Spec Roofing Services Limited currently has 1 director, Mr Andrew Valentine serving since Oct 1991.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Valentine | 61 years | Oct 1991 | - | Director |
P&L
April 2023turnover
1.4m
+1%
operating profit
110.9k
0%
gross margin
8.7%
-0.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
616.5k
+0.16%
total assets
675.1k
+0.02%
cash
0
0%
net assets
Total assets minus all liabilities
met-spec roofing services limited company details
company number
02364785
Type
Private limited with Share Capital
industry
41100 - Development of building projects
41201 - Construction of commercial buildings
incorporation date
March 1989
age
35
accounts
Micro-Entity Accounts
ultimate parent company
previous names
harkhaven limited (March 1989)
incorporated
UK
address
valentine house, 252 peel green road, eccles, manchester, M30 7BU
last accounts submitted
April 2023
met-spec roofing services 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 found 1 charges/mortgages relating to met-spec roofing services limited. Currently there are 1 open charges and 0 have been satisfied in the past.
met-spec roofing services limited Companies House Filings - See Documents
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