nicholas mee & company limited Company Information
Company Number
02828611
Next Accounts
Sep 2025
Industry
Sale of used cars and light motor vehicles
Maintenance and repair of motor vehicles
Shareholders
nicholas stewart mee
christianus johannes maria le blanc
View AllGroup Structure
View All
Contact
Registered Address
essendonbury farm, hatfield park estate, essendon hill, hertfordshire, AL9 6AF
Website
www.nicholasmee.co.uknicholas mee & company limited Estimated Valuation
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
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
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).
Edit your figures and get a professional valuation report.
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
5 Strong
2 Regular
5 Weak
Size
annual sales of £3.5m, make it larger than the average company (£2.5m)
- Nicholas Mee & Company Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (9.9%)
- Nicholas Mee & Company Limited
9.9% - Industry AVG
Production
with a gross margin of 13.5%, this company has a higher cost of product (22.6%)
- Nicholas Mee & Company Limited
22.6% - Industry AVG
Profitability
an operating margin of -5.3% make it less profitable than the average company (4%)
- Nicholas Mee & Company Limited
4% - Industry AVG
Employees
with 20 employees, this is above the industry average (10)
20 - Nicholas Mee & Company Limited
10 - Industry AVG
Pay Structure
on an average salary of £32.7k, the company has an equivalent pay structure (£32.7k)
- Nicholas Mee & Company Limited
£32.7k - Industry AVG
Efficiency
resulting in sales per employee of £174.1k, this is less efficient (£298.4k)
- Nicholas Mee & Company Limited
£298.4k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is near the average (21 days)
- Nicholas Mee & Company Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 177 days, this is slower than average (28 days)
- Nicholas Mee & Company Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 112 days, this is more than average (48 days)
- Nicholas Mee & Company Limited
48 days - Industry AVG
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
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
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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jul 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 9,713,396 | 7,098,314 | |||||||||||||
Other Income Or Grants | 0 | 0 | |||||||||||||
Cost Of Sales | 9,048,679 | 6,549,914 | |||||||||||||
Gross Profit | 664,717 | 548,400 | |||||||||||||
Admin Expenses | 536,340 | 497,247 | |||||||||||||
Operating Profit | 128,377 | 51,153 | |||||||||||||
Interest Payable | 43,434 | 28,648 | 20,540 | 4,637 | |||||||||||
Interest Receivable | 266 | 28 | |||||||||||||
Pre-Tax Profit | 108,103 | 46,344 | |||||||||||||
Tax | -53 | 0 | |||||||||||||
Profit After Tax | 108,050 | 46,344 | |||||||||||||
Dividends Paid | 15,000 | 0 | |||||||||||||
Retained Profit | 93,050 | 46,344 | |||||||||||||
Employee Costs | 651,873 | 548,516 | |||||||||||||
Number Of Employees | 20 | 20 | 19 | 17 | 17 | 17 | 15 | 14 | 14 | ||||||
EBITDA* | 156,648 | 78,558 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jul 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 715,721 | 725,004 | 480,444 | 529,253 | 630,146 | 717,745 | 70,711 | 97,390 | 98,233 | 104,263 | 113,170 | 128,665 | 122,267 | 48,376 | 55,890 |
Intangible Assets | 0 | 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 | 200 | 200 | 200 |
Debtors (Due After 1 year) | 0 | 116,666 | 316,667 | 516,667 | 716,667 | 916,667 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 119,500 |
Total Fixed Assets | 715,721 | 841,670 | 797,111 | 1,045,920 | 1,346,813 | 1,634,412 | 1,070,711 | 97,390 | 98,233 | 104,263 | 113,170 | 128,665 | 122,467 | 48,576 | 175,590 |
Stock & work in progress | 927,235 | 929,269 | 704,587 | 505,170 | 625,853 | 536,413 | 548,483 | 698,016 | 902,552 | 699,774 | 491,026 | 438,794 | 248,024 | 300,983 | 424,318 |
Trade Debtors | 208,449 | 151,743 | 107,978 | 156,209 | 185,696 | 456,936 | 561,379 | 58,504 | 77,224 | 85,036 | 148,441 | 73,104 | 201,260 | 115,417 | 172,652 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,727 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61,206 | 34,203 | 0 | 0 | 97,475 | 20,782 | 20,413 | 0 |
Cash | 864,962 | 274,435 | 223,881 | 78,656 | 114,330 | 202,778 | 1,268 | 1,488,234 | 217,377 | 525,635 | 0 | 304,347 | 15,172 | 20,283 | 253,616 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43,328 | 12,453 | 0 | 0 | 0 | 0 |
total current assets | 2,000,646 | 1,355,447 | 1,036,446 | 740,035 | 925,879 | 1,196,127 | 1,111,130 | 2,305,960 | 1,231,356 | 1,353,773 | 651,920 | 923,447 | 485,238 | 457,096 | 850,586 |
total assets | 2,716,367 | 2,197,117 | 1,833,557 | 1,785,955 | 2,272,692 | 2,830,539 | 2,181,841 | 2,403,350 | 1,329,589 | 1,458,036 | 765,090 | 1,052,112 | 607,705 | 505,672 | 1,026,176 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,140 | 128,745 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 1,466,483 | 967,593 | 822,072 | 691,123 | 568,910 | 1,295,689 | 494,344 | 1,437,846 | 237,293 | 893,683 | 213,477 | 583,155 | 719,856 | 627,934 | 677,087 |
Group/Directors Accounts | 0 | 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 | 16,098 | 15,163 | 0 | 0 | 154,250 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 132,953 | 174,471 | 0 | 278,120 | 218,269 | 0 | 0 | 0 |
total current liabilities | 1,466,483 | 967,593 | 822,072 | 691,123 | 568,910 | 1,295,689 | 494,344 | 1,586,897 | 426,927 | 893,683 | 492,737 | 1,084,419 | 719,856 | 627,934 | 677,087 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 244,574 | 290,673 | 0 | 123,570 | 413,500 | 0 | 0 | 0 |
hp & lease commitments | 0 | 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 | 0 |
other liabilities | 1,063,623 | 892,143 | 1,002,878 | 1,171,678 | 1,635,442 | 1,373,130 | 1,027,482 | 0 | 0 | 249,117 | 15,000 | 0 | 380,000 | 240,551 | 316,154 |
provisions | 89,046 | 85,456 | 51,395 | 57,448 | 67,923 | 25,112 | 6,404 | 10,738 | 15,353 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 1,152,669 | 977,599 | 1,054,273 | 1,229,126 | 1,703,365 | 1,398,242 | 1,033,886 | 255,312 | 306,026 | 249,117 | 138,570 | 413,500 | 380,000 | 240,551 | 316,154 |
total liabilities | 2,619,152 | 1,945,192 | 1,876,345 | 1,920,249 | 2,272,275 | 2,693,931 | 1,528,230 | 1,842,209 | 732,953 | 1,142,800 | 631,307 | 1,497,919 | 1,099,856 | 868,485 | 993,241 |
net assets | 97,215 | 251,925 | -42,788 | -134,294 | 417 | 136,608 | 653,611 | 561,141 | 596,636 | 315,236 | 133,783 | -445,807 | -492,151 | -362,813 | 32,935 |
total shareholders funds | 97,215 | 251,925 | -42,788 | -134,294 | 417 | 136,608 | 653,611 | 561,141 | 596,636 | 315,236 | 133,783 | -445,807 | -492,151 | -362,813 | 32,935 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jul 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 128,377 | 51,153 | |||||||||||||
Depreciation | 70,778 | 119,509 | 107,206 | 102,086 | 108,349 | 95,323 | 29,025 | 28,301 | 32,102 | 31,064 | 28,271 | 27,405 | 19,874 | 22,031 | |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | -53 | 0 | |||||||||||||
Stock | -2,034 | 224,682 | 199,417 | -120,683 | 89,440 | -12,070 | -149,533 | -204,536 | 202,778 | 208,748 | 52,232 | 190,770 | -52,959 | -123,335 | 424,318 |
Debtors | -59,960 | -156,236 | -248,231 | -229,487 | -471,240 | -187,776 | 1,441,669 | 8,283 | 26,391 | -63,405 | -31,865 | -41,736 | 86,212 | -156,322 | 292,152 |
Creditors | 498,890 | 145,521 | 130,949 | 122,213 | -726,779 | 801,345 | -943,502 | 1,200,553 | -656,390 | 680,206 | -369,678 | -136,701 | 91,922 | -49,153 | 677,087 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | -132,953 | -41,518 | 174,471 | -278,120 | 59,851 | 218,269 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 3,590 | 34,061 | -6,053 | -10,475 | 42,811 | 18,708 | -4,334 | -4,615 | 15,353 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -173,599 | 11,092 | |||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200 | 0 | 0 | 200 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 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 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -16,098 | 935 | 15,163 | 0 | -154,250 | 154,250 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -244,574 | -46,099 | 290,673 | -123,570 | -289,930 | 413,500 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 171,480 | -110,735 | -168,800 | -463,764 | 262,312 | 345,648 | 1,027,482 | 0 | -249,117 | 234,117 | 15,000 | -380,000 | 139,449 | -75,603 | 316,154 |
share issue | |||||||||||||||
interest | -20,274 | -4,609 | |||||||||||||
cash flow from financing | 37,086 | 183,141 | |||||||||||||
cash and cash equivalents | |||||||||||||||
cash | 590,527 | 50,554 | 145,225 | -35,674 | -88,448 | 201,510 | -1,486,966 | 1,270,857 | -308,258 | 525,635 | -304,347 | 289,175 | -5,111 | -233,333 | 253,616 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,140 | -127,605 | 128,745 | 0 | 0 | 0 |
change in cash | 590,527 | 50,554 | 145,225 | -35,674 | -88,448 | 201,510 | -1,486,966 | 1,270,857 | -308,258 | 526,775 | -176,742 | 160,430 | -5,111 | -233,333 | 253,616 |
nicholas mee & company limited Credit Report and Business Information
Nicholas Mee & Company Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Nicholas Mee | 71 years | Jun 1993 | - | Director | |
Mr Neal Garrard | United Kingdom | 47 years | Aug 2011 | - | Director |
Mr Christianus Le Blanc | England | 59 years | Aug 2017 | - | Director |
P&L
December 2023turnover
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 2023net 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
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
date | description | view/download |
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