Melbourne Developments Limited

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melbourne developments limited Company Information

Live

MatureMidRapid

Company Number

02420515

Website

www.melbournedevelopments.co.uk

Registered Address

charlotte house stanier way, the wyvern business park, derby, DE21 6BF

Industry

Construction of commercial buildings

Telephone

01332673565

Next Accounts Due

December 2024

Group Structure

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Directors

Errol Prime32 Years

Katherine Prime22 Years

Shareholders

errol antony donald prime 37.5%

katherine elizabeth prime 37.5%

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melbourne developments limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of MELBOURNE DEVELOPMENTS LIMITED at £5.4m based on Net Assets of £4.2m and 1.26x industry multiple (adjusted for liquidity).

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Melbourne Developments Limited is a live company located in derby, DE21 6BF with a Companies House number of 02420515. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in September 1989, it's largest shareholder is errol antony donald prime with a 37.5% stake. Melbourne Developments Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12m with rapid growth in recent years.

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Pomanda's financial health check has awarded Melbourne Developments Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £12m, make it in line with the average company (£10.7m)

Growth

3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (4.5%)

EXPORT

Melbourne Developments Limited's latest turnover from March 2023 is estimated at £12 million and the company has net assets of £4.2 million. According to their latest financial statements, Melbourne Developments Limited has 5 employees and maintains cash reserves of £167.9 thousand 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	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	11,980,019	8,004,084	7,285,908	5,214,269	5,367,419	4,574,171	6,435,822	5,520,808	7,850,450	4,912,704	4,839,631	4,364,243	5,779,923	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	10,261,568	6,855,986	6,292,561	4,453,643	4,579,547	3,894,499	5,451,263	4,712,922	6,791,645	4,263,841	4,215,025	3,749,484	4,892,410	0
Gross Profit	1,718,451	1,148,098	993,346	760,627	787,873	679,672	984,559	807,886	1,058,806	648,862	624,606	614,759	887,513	0
Admin Expenses	1,736,780	1,229,329	1,108,370	847,670	853,550	793,672	890,448	-4,119,002	1,121,746	472,854	169,293	630,457	768,507	-4,755,077
Operating Profit	-18,329	-81,231	-115,024	-87,043	-65,677	-114,000	94,111	4,926,888	-62,940	176,008	455,313	-15,698	119,006	4,755,077
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,949	3,871	1,063	1,322	11,186	6,949	2,874	2,899	6,405	6,879	5,511	3,725	4,184	1,934
Pre-Tax Profit	-10,380	-77,360	-113,961	-85,721	-54,491	-107,051	96,985	4,929,788	-56,535	182,887	460,824	-11,973	123,190	4,757,011
Tax	0	0	0	0	0	0	-19,397	-985,957	0	-42,064	-110,598	0	-34,493	-1,331,963
Profit After Tax	-10,380	-77,360	-113,961	-85,721	-54,491	-107,051	77,588	3,943,830	-56,535	140,823	350,226	-11,973	88,697	3,425,048
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-10,380	-77,360	-113,961	-85,721	-54,491	-107,051	77,588	3,943,830	-56,535	140,823	350,226	-11,973	88,697	3,425,048
Employee Costs	259,229	249,130	239,124	241,072	237,932	231,485	224,559	212,632	1,032,856	718,463	706,317	692,038	964,942	0
Number Of Employees	5	5	5	5	5	5	5	5	25	18	18	18	25	0
EBITDA*	-13,537	-75,446	-106,824	-78,224	-54,933	-101,933	104,936	4,951,050	-37,333	210,886	504,507	10,578	126,338	4,763,659

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	15,848	20,640	26,425	31,985	40,804	47,864	61,342	71,739	95,901	142,957	202,822	243,584	138,145	47,377
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,487,500	1,487,500	1,487,500	1,487,500	1,487,500	1,487,500	1,487,500	1,487,500	802,704	802,704	1,027,081	1,027,081	516,900	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	100,000	0	0	0	0
Total Fixed Assets	1,503,348	1,508,140	1,513,925	1,519,485	1,528,304	1,535,364	1,548,842	1,559,239	898,605	1,045,661	1,229,903	1,270,665	655,045	47,377
Stock & work in progress	1,934,023	2,039,840	2,064,843	1,760,009	1,760,009	1,756,931	1,929,051	2,085,197	2,129,600	1,884,486	1,493,002	1,830,279	2,031,632	2,841,122
Trade Debtors	1,930,662	1,118,745	598,129	328,900	430,183	152,126	598,180	252,631	803,037	269,874	155,142	159,168	326,226	63,510
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	0	0	0	0	0
Cash	167,901	206,187	826,093	1,300,867	1,342,614	1,640,413	1,139,048	1,159,789	1,424,793	1,137,382	1,614,293	589,933	899,890	773,746
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,032,586	3,364,772	3,489,065	3,389,776	3,532,806	3,549,470	3,666,279	3,497,617	4,357,430	3,291,742	3,262,437	2,579,380	3,257,748	3,678,378
total assets	5,535,934	4,872,912	5,002,990	4,909,261	5,061,110	5,084,834	5,215,121	5,056,856	5,256,035	4,337,403	4,492,340	3,850,045	3,912,793	3,725,755
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	1,119,018	444,969	497,525	293,987	373,626	327,707	346,099	263,394	152,202	173,295	458,321	164,064	308,746	281,858
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	1,119,018	444,969	497,525	293,987	373,626	327,707	346,099	263,394	152,202	173,295	458,321	164,064	308,746	281,858
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	0	0	0	0	0	0	0	0	500,000	0	0	0	0	0
provisions	169,692	170,339	135,408	135,872	122,361	137,513	142,357	156,378	509,394	13,134	23,868	26,056	25,267	6,849
total long term liabilities	169,692	170,339	135,408	135,872	122,361	137,513	142,357	156,378	1,009,394	13,134	23,868	26,056	25,267	6,849
total liabilities	1,288,710	615,308	632,933	429,859	495,987	465,220	488,456	419,772	1,161,596	186,429	482,189	190,120	334,013	288,707
net assets	4,247,224	4,257,604	4,370,057	4,479,402	4,565,123	4,619,614	4,726,665	4,637,084	4,094,439	4,150,974	4,010,151	3,659,925	3,578,780	3,437,048
total shareholders funds	4,247,224	4,257,604	4,370,057	4,479,402	4,565,123	4,619,614	4,726,665	4,637,084	4,094,439	4,150,974	4,010,151	3,659,925	3,578,780	3,437,048

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-18,329	-81,231	-115,024	-87,043	-65,677	-114,000	94,111	4,926,888	-62,940	176,008	455,313	-15,698	119,006	4,755,077
Depreciation	4,792	5,785	8,200	8,819	10,744	12,067	10,825	24,162	25,607	34,878	49,194	26,276	7,332	8,582
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	-19,397	-985,957	0	-42,064	-110,598	0	-34,493	-1,331,963
Stock	-105,817	-25,003	304,834	0	3,078	-172,120	-156,146	2,085,197	245,114	391,484	-337,277	-201,353	-809,490	2,841,122
Debtors	811,917	520,616	269,229	-101,283	278,057	-446,054	345,549	252,631	433,163	214,732	-4,026	-167,058	262,716	63,510
Creditors	674,049	-52,556	203,538	-79,639	45,919	-18,392	82,705	263,394	-21,093	-285,026	294,257	-144,682	26,888	281,858
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-647	34,931	-464	13,511	-15,152	-4,844	-14,021	156,378	496,260	-10,734	-2,188	789	18,418	6,849
Cash flow from operations	-46,235	-588,684	-477,813	-43,069	-305,301	493,005	-35,180	2,047,037	-240,443	-733,154	1,027,281	235,096	683,925	815,771
Investing Activities
capital expenditure	0	0	-2,640	0	-3,684	1,411	-428	-95,901	21,449	24,987	-8,432	-131,715	-98,100	-55,959
Change in Investments	0	0	0	0	0	0	0	1,487,500	0	-224,377	0	510,181	516,900	0
cash flow from investments	0	0	-2,640	0	-3,684	1,411	-428	-1,583,401	21,449	249,364	-8,432	-641,896	-615,000	-55,959
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	0	0	0	0	0	0	0	0	500,000	0	0	0	0	0
share issue	0	-35,093	4,616	0	0	0	11,993	693,254	0	0	0	93,118	53,035	12,000
interest	7,949	3,871	1,063	1,322	11,186	6,949	2,874	2,899	6,405	6,879	5,511	3,725	4,184	1,934
cash flow from financing	7,949	-31,222	5,679	1,322	11,186	6,949	14,867	696,153	506,405	6,879	5,511	96,843	57,219	13,934
cash and cash equivalents
cash	-38,286	-619,906	-474,774	-41,747	-297,799	501,365	-20,741	1,159,789	287,411	-476,911	1,024,360	-309,957	126,144	773,746
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-38,286	-619,906	-474,774	-41,747	-297,799	501,365	-20,741	1,159,789	287,411	-476,911	1,024,360	-309,957	126,144	773,746

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MELBOURNE DEVELOPMENTS LIMITED group structure

Melbourne Developments Limited has no subsidiary companies.

Ultimate parent company

MELBOURNE DEVELOPMENTS LIMITED

02420515

MELBOURNE DEVELOPMENTS LIMITED Shareholders

errol antony donald prime	37.5%
katherine elizabeth prime	37.5%
errol & kathy prime 2018 settlement	10%
michelle prime	5%
hayley prime	5%
thomas prime	5%

Melbourne Developments Limited currently has 2 directors. The longest serving directors include Mr Errol Prime (Aug 1991) and Mrs Katherine Prime (Nov 2001).

officer	country	age	start	end	role
Mr Errol Prime	England	62 years	Aug 1991	-	Director
Mrs Katherine Prime		68 years	Nov 2001	-	Director

P&L

March 2023

turnover

12m

+50%

operating profit

-18.3k

gross margin

14.4%

turnover

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

Balance Sheet

March 2023

net assets

4.2m

total assets

5.5m

+0.14%

cash

167.9k

-0.19%

net assets

Total assets minus all liabilities

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company number

02420515

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

September 1989

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

charlotte house stanier way, the wyvern business park, derby, DE21 6BF

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 2 charges/mortgages relating to melbourne developments limited. Currently there are 0 open charges and 2 have been satisfied in the past.

melbourne developments limited Company Information

melbourne developments limited Estimated Valuation

melbourne developments limited Estimated Valuation

melbourne developments limited Estimated Valuation

Melbourne Developments Limited Overview

Melbourne Developments Limited Health Check

MELBOURNE DEVELOPMENTS LIMITED financials

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