Dixon Mep Limited

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dixon mep limited Company Information

Live

MatureSmallDeclining

Company Number

03016136

Website

www.martindixonltd.co.uk

Registered Address

14 henry boot way priory park, hessle, east yorkshire, HU4 7DY

Industry

Plumbing, heat and air-conditioning installation

Telephone

01482574174

Next Accounts Due

December 2024

Group Structure

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Directors

Martin Dixon29 Years

Donna Dixon29 Years

View All

Shareholders

dixon group limited 100%

dixon mep limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of DIXON MEP LIMITED at £2.3m based on Net Assets of £697.2k and 3.25x industry multiple (adjusted for liquidity).

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Dixon Mep Limited is a live company located in east yorkshire, HU4 7DY with a Companies House number of 03016136. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in January 1995, it's largest shareholder is dixon group limited with a 100% stake. Dixon Mep Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Dixon Mep Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £2.1m, make it larger than the average company (£358.1k)

Growth

3 year (CAGR) sales growth of -41%, show it is growing at a slower rate (4.3%)

EXPORT

Dixon Mep Limited's latest turnover from March 2023 is £2.1 million and the company has net assets of £697.2 thousand. According to their latest financial statements, Dixon Mep Limited has 11 employees and maintains cash reserves of £230.1 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	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,050,841	2,552,715	11,431,634	10,217,477	9,317,030	5,954,250	7,156,692	5,401,538	6,789,610	7,198,114	4,205,266	6,222,180	5,681,493	4,967,133
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,597,710	2,284,708	9,676,677	7,001,761	6,117,418	3,968,540	4,588,384	3,475,267	4,322,993	4,502,584	2,609,003	3,843,354	3,396,803	2,910,796
Gross Profit	453,131	268,007	1,754,957	3,215,716	3,199,612	1,985,709	2,568,308	1,926,271	2,466,617	2,695,530	1,596,263	2,378,825	2,284,690	2,056,337
Admin Expenses	303,125	338,141	1,534,478	3,183,248	2,908,961	1,688,858	2,473,891	1,828,083	2,108,532	2,684,056	1,629,084	2,226,411	2,174,628	1,020,319
Operating Profit	150,006	-70,134	220,479	32,468	290,651	296,851	94,417	98,188	358,085	11,474	-32,821	152,414	110,062	1,036,018
Interest Payable	0	0	525	6,658	10,507	7,941	6,298	2,735	0	0	0	0	0	0
Interest Receivable	694	61	1,710	1,234	9,380	4,826	2,009	3,339	2,347	2,060	3,203	3,352	2,593	1,140
Pre-Tax Profit	150,700	-70,073	221,664	27,044	289,525	293,736	90,129	98,793	360,433	13,534	-29,618	155,766	112,656	1,037,158
Tax	88,774	6,202	175,745	-5,138	-55,010	-55,810	-18,026	-19,758	-75,691	-3,113	0	-40,499	-31,544	-290,404
Profit After Tax	239,474	-63,871	397,409	21,906	234,515	237,926	72,103	79,034	284,742	10,421	-29,618	115,267	81,112	746,754
Dividends Paid	0	485,000	1,250,000	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	239,474	-548,871	-852,591	21,906	234,515	237,926	72,103	79,034	284,742	10,421	-29,618	115,267	81,112	746,754
Employee Costs	360,215	353,405	3,330,622	2,757,091	2,288,500	2,017,662	1,907,871	1,880,637	1,727,264	1,869,239	1,065,321	1,769,643	1,719,527	1,478,343
Number Of Employees	11	13	89	80	66	60	57	53	50	53	31	51	52	46
EBITDA*	182,503	-30,854	268,499	86,036	346,728	336,462	132,583	137,821	396,980	54,450	18,847	213,406	154,932	1,078,850

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	150,018	179,424	215,587	255,587	278,483	327,378	129,865	140,859	124,057	160,096	163,711	222,232	200,311	161,647
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	86,653	0	0	0	0	0
Total Fixed Assets	150,018	179,424	215,587	255,587	278,483	327,378	129,865	140,859	210,710	160,096	163,711	222,232	200,311	161,647
Stock & work in progress	575	21,040	256,834	399,120	462,935	375,829	310,631	50,614	16,285	0	0	0	0	1,500
Trade Debtors	193,347	521,958	1,628,569	1,882,513	1,732,418	908,894	1,189,801	1,031,964	1,309,194	1,226,283	680,343	927,415	830,560	853,302
Group Debtors	754,849	77,101	373,770	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	104,849	91,350	282,537	87,207	254,680	71,684	60,475	73,698	0	0	0	0	0	0
Cash	230,144	160,164	402,390	988,835	1,479,247	1,022,109	908,330	698,723	636,959	302,020	521,807	759,478	581,295	456,054
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,283,764	871,613	2,944,100	3,357,675	3,929,280	2,378,516	2,469,237	1,854,999	1,962,438	1,528,303	1,202,150	1,686,893	1,411,855	1,310,856
total assets	1,433,782	1,051,037	3,159,687	3,613,262	4,207,763	2,705,894	2,599,102	1,995,858	2,173,148	1,688,399	1,365,861	1,909,125	1,612,166	1,472,503
Bank overdraft	45,072	24,191	182,109	33,959	184,338	116,971	67,370	84,150	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	520,130	312,231	1,499,542	1,214,881	1,348,284	606,424	792,715	399,857	945,592	729,488	431,212	903,694	724,226	699,145
Group/Directors Accounts	29,153	64,181	68,535	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	10,000	50,000	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	4,166	9,998	14,211	0	0	0	0	0	0
other current liabilities	76,103	105,673	333,312	426,530	756,225	269,398	280,352	159,994	0	0	0	0	0	0
total current liabilities	670,458	506,276	2,083,498	1,675,370	2,288,847	1,006,959	1,200,435	658,212	945,592	729,488	431,212	903,694	724,226	699,145
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	4,166	14,164	0	0	0	0	0	0
Accruals and Deferred Income	8,928	11,309	13,690	16,071	18,452	20,833	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	4,213	14,763	2,357	28,862	36,262	9,896
provisions	57,222	75,752	55,928	62,659	63,208	75,361	29,686	30,770	9,665	15,212	13,777	28,436	18,812	11,708
total long term liabilities	66,150	87,061	69,618	78,730	81,660	96,194	33,852	44,934	13,878	29,975	16,134	57,298	55,074	21,604
total liabilities	736,608	593,337	2,153,116	1,754,100	2,370,507	1,103,153	1,234,287	703,146	959,470	759,463	447,346	960,992	779,300	720,749
net assets	697,174	457,700	1,006,571	1,859,162	1,837,256	1,602,741	1,364,815	1,292,712	1,213,678	928,936	918,515	948,133	832,866	751,754
total shareholders funds	697,174	457,700	1,006,571	1,859,162	1,837,256	1,602,741	1,364,815	1,292,712	1,213,678	928,936	918,515	948,133	832,866	751,754

	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	150,006	-70,134	220,479	32,468	290,651	296,851	94,417	98,188	358,085	11,474	-32,821	152,414	110,062	1,036,018
Depreciation	32,497	39,280	48,020	53,568	56,077	39,611	38,166	39,633	38,895	42,976	51,668	60,992	44,870	42,832
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	88,774	6,202	175,745	-5,138	-55,010	-55,810	-18,026	-19,758	-75,691	-3,113	0	-40,499	-31,544	-290,404
Stock	-20,465	-235,794	-142,286	-63,815	87,106	65,198	260,017	34,329	16,285	0	0	0	-1,500	1,500
Debtors	362,636	-1,594,467	315,156	-17,378	1,006,520	-269,698	144,614	-290,185	169,564	545,940	-247,072	96,855	-22,742	853,302
Creditors	207,899	-1,187,311	284,661	-133,403	741,860	-186,291	392,858	-545,735	216,104	298,276	-472,482	179,468	25,081	699,145
Accruals and Deferred Income	-31,951	-230,020	-95,599	-332,076	484,446	9,879	120,358	159,994	0	0	0	0	0	0
Deferred Taxes & Provisions	-18,530	19,824	-6,731	-549	-12,153	45,675	-1,084	21,105	-5,547	1,435	-14,659	9,624	7,104	11,708
Cash flow from operations	86,524	408,102	453,705	-303,937	412,245	354,415	222,058	9,283	345,997	-194,892	-221,222	265,144	179,815	644,497
Investing Activities
capital expenditure	0	0	-8,020	-30,672	-7,182	-237,124	-27,172	-56,435	-2,856	-39,361	6,853	-82,913	-83,534	-204,479
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-8,020	-30,672	-7,182	-237,124	-27,172	-56,435	-2,856	-39,361	6,853	-82,913	-83,534	-204,479
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-35,028	-4,354	68,535	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	-10,000	-40,000	50,000	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	-4,166	-9,998	-14,211	28,375	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-4,213	-10,550	12,406	-26,505	-7,400	26,366	9,896
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	5,000
interest	694	61	1,185	-5,424	-1,127	-3,115	-4,289	604	2,347	2,060	3,203	3,352	2,593	1,140
cash flow from financing	-34,334	-4,293	69,720	-5,424	-15,293	-53,113	31,500	24,766	-8,203	14,466	-23,302	-4,048	28,959	16,036
cash and cash equivalents
cash	69,980	-242,226	-586,445	-490,412	457,138	113,779	209,607	61,764	334,939	-219,787	-237,671	178,183	125,241	456,054
overdraft	20,881	-157,918	148,150	-150,379	67,367	49,601	-16,780	84,150	0	0	0	0	0	0
change in cash	49,099	-84,308	-734,595	-340,033	389,771	64,178	226,387	-22,386	334,939	-219,787	-237,671	178,183	125,241	456,054

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DIXON MEP LIMITED group structure

Dixon Mep Limited has no subsidiary companies.

Ultimate parent company

DIXON GROUP LIMITED

12402168

1 parent

DIXON MEP LIMITED

03016136

DIXON MEP LIMITED Shareholders

dixon group limited

100%

Dixon Mep Limited currently has 3 directors. The longest serving directors include Mr Martin Dixon (Jan 1995) and Ms Donna Dixon (Jan 1995).

officer	age	start	end	role
Mr Martin Dixon	60 years	Jan 1995	-	Director
Ms Donna Dixon	60 years	Jan 1995	-	Director
Mr Kirk Dixon	39 years	Apr 2018	-	Director

P&L

March 2023

turnover

2.1m

-20%

operating profit

150k

-314%

gross margin

22.1%

+110.45%

turnover

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

Balance Sheet

March 2023

net assets

697.2k

+0.52%

total assets

1.4m

+0.36%

cash

230.1k

+0.44%

net assets

Total assets minus all liabilities

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company number

03016136

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

January 1995

age

accounts

Full Accounts

ultimate parent company

DIXON GROUP LIMITED

previous names

martin dixon limited (July 2020)

incorporated

address

14 henry boot way priory park, hessle, east yorkshire, HU4 7DY

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 dixon mep limited. Currently there are 0 open charges and 2 have been satisfied in the past.

dixon mep limited Company Information

dixon mep limited Estimated Valuation

dixon mep limited Estimated Valuation

dixon mep limited Estimated Valuation

Dixon Mep Limited Overview

Dixon Mep Limited Health Check

DIXON MEP LIMITED financials

dixon mep limited Credit Report and Business Information

Dixon Mep Limited Competitor Analysis

dixon mep limited Ownership

dixon mep limited directors

dixon mep limited company details

dixon mep limited Charges & Mortgages

dixon mep limited Companies House Filings - See Documents