nicholas mee & company limited

nicholas mee & company limited Company Information

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Company Number

02828611

Industry

Sale of used cars and light motor vehicles

 

Maintenance and repair of motor vehicles

 

Directors

Nicholas Mee

Neal Garrard

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Shareholders

nicholas stewart mee

christianus johannes maria le blanc

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Group Structure

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Contact

Registered Address

essendonbury farm, hatfield park estate, essendon hill, hertfordshire, AL9 6AF

nicholas mee & company limited Estimated Valuation

£855.4k

Pomanda estimates the enterprise value of NICHOLAS MEE & COMPANY LIMITED at £855.4k based on a Turnover of £3.5m and 0.25x industry multiple (adjusted for size and gross margin).

nicholas mee & company limited Estimated Valuation

£0

Pomanda estimates the enterprise value of NICHOLAS MEE & COMPANY LIMITED at £0 based on an EBITDA of £-113.8k and a 3.12x industry multiple (adjusted for size and gross margin).

nicholas mee & company limited Estimated Valuation

£285.7k

Pomanda estimates the enterprise value of NICHOLAS MEE & COMPANY LIMITED at £285.7k based on Net Assets of £97.2k and 2.94x industry multiple (adjusted for liquidity).

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Nicholas Mee & Company Limited Overview

Nicholas Mee & Company Limited is a live company located in essendon hill, AL9 6AF with a Companies House number of 02828611. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in June 1993, it's largest shareholder is nicholas stewart mee with a 61.4% stake. Nicholas Mee & Company Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.5m with high growth in recent years.

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Nicholas Mee & Company Limited Health Check

Pomanda's financial health check has awarded Nicholas Mee & Company Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £3.5m, make it larger than the average company (£2.5m)

£3.5m - Nicholas Mee & Company Limited

£2.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (9.9%)

21% - Nicholas Mee & Company Limited

9.9% - Industry AVG

production

Production

with a gross margin of 13.5%, this company has a higher cost of product (22.6%)

13.5% - Nicholas Mee & Company Limited

22.6% - Industry AVG

profitability

Profitability

an operating margin of -5.3% make it less profitable than the average company (4%)

-5.3% - Nicholas Mee & Company Limited

4% - Industry AVG

employees

Employees

with 20 employees, this is above the industry average (10)

20 - Nicholas Mee & Company Limited

10 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.7k, the company has an equivalent pay structure (£32.7k)

£32.7k - Nicholas Mee & Company Limited

£32.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £174.1k, this is less efficient (£298.4k)

£174.1k - Nicholas Mee & Company Limited

£298.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 21 days, this is near the average (21 days)

21 days - Nicholas Mee & Company Limited

21 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 177 days, this is slower than average (28 days)

177 days - Nicholas Mee & Company Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 112 days, this is more than average (48 days)

112 days - Nicholas Mee & Company Limited

48 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (10 weeks)

30 weeks - Nicholas Mee & Company Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 96.4%, this is a higher level of debt than the average (66.1%)

96.4% - Nicholas Mee & Company Limited

66.1% - Industry AVG

NICHOLAS MEE & COMPANY LIMITED financials

EXPORTms excel logo

Nicholas Mee & Company Limited's latest turnover from December 2023 is estimated at £3.5 million and the company has net assets of £97.2 thousand. According to their latest financial statements, Nicholas Mee & Company Limited has 20 employees and maintains cash reserves of £865 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Jul 2009
Turnover3,482,2702,998,6182,455,6821,979,2022,255,3573,366,1922,777,3783,131,2952,356,0712,763,6639,713,3967,098,3142,057,3811,846,6150
Other Income Or Grants000000000000000
Cost Of Sales3,012,7252,602,2852,133,9411,706,5301,924,6312,841,9252,310,0602,587,9651,946,6002,291,6389,048,6796,549,9141,691,8041,493,9950
Gross Profit469,544396,333321,742272,673330,726524,267467,318543,330409,471472,025664,717548,400365,577352,6190
Admin Expenses654,163352,430209,150407,480843,1061,042,035348,409322,12749,639239,599536,340497,247495,004677,052237,699
Operating Profit-184,61943,903112,592-134,807-512,380-517,768118,909221,203359,832232,426128,37751,153-129,427-324,433-237,699
Interest Payable0000008,47243,43428,6484,05320,5404,637000
Interest Receivable29,9098,721378961,1897653,7242,1321,8581,3142662889685634
Pre-Tax Profit-154,71052,623112,970-134,711-511,191-517,003114,160205,631351,750229,687108,10346,344-129,338-323,748-237,065
Tax0-9,998-21,464000-21,690-41,126-70,350-48,234-530000
Profit After Tax-154,71042,62591,506-134,711-511,191-517,00392,470164,505281,400181,453108,05046,344-129,338-323,748-237,065
Dividends Paid000000000015,0000000
Retained Profit-154,71042,62591,506-134,711-511,191-517,00392,470164,505281,400181,45393,05046,344-129,338-323,748-237,065
Employee Costs653,613620,511563,541495,550509,632499,668431,111651,873548,516277,589909,816729,164205,322203,2140
Number Of Employees202019171717151414103428880
EBITDA*-113,841163,412219,798-32,721-404,031-422,445147,934249,504391,934263,490156,64878,558-109,553-324,433-215,668

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Jul 2009
Tangible Assets715,721725,004480,444529,253630,146717,74570,71197,39098,233104,263113,170128,665122,26748,37655,890
Intangible Assets000000000000000
Investments & Other000000000000200200200
Debtors (Due After 1 year)0116,666316,667516,667716,667916,6671,000,0000000000119,500
Total Fixed Assets715,721841,670797,1111,045,9201,346,8131,634,4121,070,71197,39098,233104,263113,170128,665122,46748,576175,590
Stock & work in progress927,235929,269704,587505,170625,853536,413548,483698,016902,552699,774491,026438,794248,024300,983424,318
Trade Debtors208,449151,743107,978156,209185,696456,936561,37958,50477,22485,036148,44173,104201,260115,417172,652
Group Debtors000000000009,727000
Misc Debtors000000061,20634,2030097,47520,78220,4130
Cash864,962274,435223,88178,656114,330202,7781,2681,488,234217,377525,6350304,34715,17220,283253,616
misc current assets00000000043,32812,4530000
total current assets2,000,6461,355,4471,036,446740,035925,8791,196,1271,111,1302,305,9601,231,3561,353,773651,920923,447485,238457,096850,586
total assets2,716,3672,197,1171,833,5571,785,9552,272,6922,830,5392,181,8412,403,3501,329,5891,458,036765,0901,052,112607,705505,6721,026,176
Bank overdraft00000000001,140128,745000
Bank loan000000000000000
Trade Creditors 1,466,483967,593822,072691,123568,9101,295,689494,3441,437,846237,293893,683213,477583,155719,856627,934677,087
Group/Directors Accounts000000000000000
other short term finances000000016,09815,16300154,250000
hp & lease commitments000000000000000
other current liabilities0000000132,953174,4710278,120218,269000
total current liabilities1,466,483967,593822,072691,123568,9101,295,689494,3441,586,897426,927893,683492,7371,084,419719,856627,934677,087
loans0000000244,574290,6730123,570413,500000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities1,063,623892,1431,002,8781,171,6781,635,4421,373,1301,027,48200249,11715,0000380,000240,551316,154
provisions89,04685,45651,39557,44867,92325,1126,40410,73815,353000000
total long term liabilities1,152,669977,5991,054,2731,229,1261,703,3651,398,2421,033,886255,312306,026249,117138,570413,500380,000240,551316,154
total liabilities2,619,1521,945,1921,876,3451,920,2492,272,2752,693,9311,528,2301,842,209732,9531,142,800631,3071,497,9191,099,856868,485993,241
net assets97,215251,925-42,788-134,294417136,608653,611561,141596,636315,236133,783-445,807-492,151-362,81332,935
total shareholders funds97,215251,925-42,788-134,294417136,608653,611561,141596,636315,236133,783-445,807-492,151-362,81332,935
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Jul 2009
Operating Activities
Operating Profit-184,61943,903112,592-134,807-512,380-517,768118,909221,203359,832232,426128,37751,153-129,427-324,433-237,699
Depreciation70,778119,509107,206102,086108,34995,32329,02528,30132,10231,06428,27127,40519,874022,031
Amortisation000000000000000
Tax0-9,998-21,464000-21,690-41,126-70,350-48,234-530000
Stock-2,034224,682199,417-120,68389,440-12,070-149,533-204,536202,778208,74852,232190,770-52,959-123,335424,318
Debtors-59,960-156,236-248,231-229,487-471,240-187,7761,441,6698,28326,391-63,405-31,865-41,73686,212-156,322292,152
Creditors498,890145,521130,949122,213-726,779801,345-943,5021,200,553-656,390680,206-369,678-136,70191,922-49,153677,087
Accruals and Deferred Income000000-132,953-41,518174,471-278,12059,851218,269000
Deferred Taxes & Provisions3,59034,061-6,053-10,47542,81118,708-4,334-4,61515,353000000
Cash flow from operations450,633264,550372,044429,187-706,199597,454-2,246,6811,559,051-374,151471,999-173,59911,092-50,884-93,929-255,051
Investing Activities
capital expenditure-61,495-364,069-58,397-1,193-20,750-742,357-2,346-27,458-26,072-22,157-12,776-33,803-93,7657,514-77,921
Change in Investments00000000000-20000200
cash flow from investments-61,495-364,069-58,397-1,193-20,750-742,357-2,346-27,458-26,072-22,157-12,776-33,603-93,7657,514-78,121
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000-16,09893515,1630-154,250154,250000
Long term loans000000-244,574-46,099290,673-123,570-289,930413,500000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities171,480-110,735-168,800-463,764262,312345,6481,027,4820-249,117234,11715,000-380,000139,449-75,603316,154
share issue0252,08800375,00000-200,00000486,54000-72,000270,000
interest29,9098,721378961,189765-4,748-41,302-26,790-2,739-20,274-4,60989685634
cash flow from financing201,389150,074-168,422-463,668638,501346,413762,062-286,46629,929107,80837,086183,141139,538-146,918586,788
cash and cash equivalents
cash590,52750,554145,225-35,674-88,448201,510-1,486,9661,270,857-308,258525,635-304,347289,175-5,111-233,333253,616
overdraft000000000-1,140-127,605128,745000
change in cash590,52750,554145,225-35,674-88,448201,510-1,486,9661,270,857-308,258526,775-176,742160,430-5,111-233,333253,616

nicholas mee & company limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Nicholas Mee & Company Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for nicholas mee & company limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in AL9 area or any other competitors across 12 key performance metrics.

nicholas mee & company limited Ownership

NICHOLAS MEE & COMPANY LIMITED group structure

Nicholas Mee & Company Limited has no subsidiary companies.

Ultimate parent company

NICHOLAS MEE & COMPANY LIMITED

02828611

NICHOLAS MEE & COMPANY LIMITED Shareholders

nicholas stewart mee 61.42%
christianus johannes maria le blanc 37.67%
neal garrard 0.91%

nicholas mee & company limited directors

Nicholas Mee & Company Limited currently has 3 directors. The longest serving directors include Mr Nicholas Mee (Jun 1993) and Mr Neal Garrard (Aug 2011).

officercountryagestartendrole
Mr Nicholas Mee71 years Jun 1993- Director
Mr Neal GarrardUnited Kingdom47 years Aug 2011- Director
Mr Christianus Le BlancEngland59 years Aug 2017- Director

P&L

December 2023

turnover

3.5m

+16%

operating profit

-184.6k

0%

gross margin

13.5%

+2.02%

turnover

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

Balance Sheet

December 2023

net assets

97.2k

-0.61%

total assets

2.7m

+0.24%

cash

865k

+2.15%

net assets

Total assets minus all liabilities

nicholas mee & company limited company details

company number

02828611

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

45200 - Maintenance and repair of motor vehicles

incorporation date

June 1993

age

32

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

essendonbury farm, hatfield park estate, essendon hill, hertfordshire, AL9 6AF

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

nicholas mee & company 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 11 charges/mortgages relating to nicholas mee & company limited. Currently there are 3 open charges and 8 have been satisfied in the past.

nicholas mee & company 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 NICHOLAS MEE & COMPANY LIMITED. This can take several minutes, an email will notify you when this has completed.

nicholas mee & company limited Companies House Filings - See Documents

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