Meir Services Limited

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meir services limited Company Information

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MatureSmallHealthy

Company Number

03162937

Website

www.meir-roofing.com

Registered Address

unit c1 m62 trading estate, larsden road, goole, east yorkshire, DN14 6XF

Industry

Roofing activities

Telephone

01405780444

Next Accounts Due

December 2024

Group Structure

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Directors

David Hespin28 Years

Elisabeth Hespin27 Years

Shareholders

david michael hespin 50%

elizabeth ann hespin 50%

meir services limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of MEIR SERVICES LIMITED at £1.8m based on Net Assets of £693.8k and 2.6x industry multiple (adjusted for liquidity).

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Meir Services Limited is a live company located in goole, DN14 6XF with a Companies House number of 03162937. It operates in the roofing activities sector, SIC Code 43910. Founded in February 1996, it's largest shareholder is david michael hespin with a 50% stake. Meir Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with healthy growth in recent years.

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

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £3.4m, make it larger than the average company (£634.7k)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.8%)

EXPORT

Meir Services Limited's latest turnover from March 2023 is estimated at £3.4 million and the company has net assets of £693.8 thousand. According to their latest financial statements, Meir Services Limited has 5 employees and maintains cash reserves of £690.9 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	Mar 2015	Mar 2014	Mar 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	3,372,678	1,803,435	2,103,909	2,353,666	2,333,384	2,117,678	3,436,582	3,487,223	4,175,883	3,095,035	3,944,074	2,679,565	3,553,339	3,188,322
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,476,870	1,281,639	1,514,733	1,690,247	1,671,665	1,556,793	2,528,996	2,546,958	3,045,970	2,224,116	2,697,230	1,859,752	2,408,305	2,250,815
Gross Profit	895,807	521,796	589,176	663,418	661,719	560,884	907,586	940,265	1,129,913	870,919	1,246,844	819,813	1,145,034	937,507
Admin Expenses	839,503	543,264	539,239	717,177	680,759	619,788	788,058	895,057	1,009,750	819,048	1,249,266	706,410	1,129,715	444,628
Operating Profit	56,304	-21,468	49,937	-53,759	-19,040	-58,904	119,528	45,208	120,163	51,871	-2,422	113,403	15,319	492,879
Interest Payable	29	16	0	641	709	0	0	0	0	0	0	0	0	0
Interest Receivable	29,008	5,385	575	464	4,213	2,781	1,246	2,115	2,164	2,533	2,352	1,732	1,341	653
Pre-Tax Profit	85,284	-16,099	50,512	-53,936	-15,536	-56,123	120,774	47,323	122,328	54,404	-70	115,135	16,660	493,532
Tax	-16,204	0	-9,597	0	0	0	-24,155	-9,464	-25,689	-12,513	0	-29,935	-4,665	-138,189
Profit After Tax	69,080	-16,099	40,915	-53,936	-15,536	-56,123	96,619	37,858	96,639	41,891	-70	85,200	11,995	355,343
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	69,080	-16,099	40,915	-53,936	-15,536	-56,123	96,619	37,858	96,639	41,891	-70	85,200	11,995	355,343
Employee Costs	180,614	166,548	204,978	260,755	254,167	219,040	234,894	215,517	659,373	491,672	659,039	385,811	647,182	571,368
Number Of Employees	5	5	6	7	7	7	7	6	19	15	20	12	22	18
EBITDA*	56,655	-21,420	51,794	-52,753	-12,616	-52,887	127,477	55,609	123,353	55,740	933	118,534	25,769	501,745

* 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	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	1,586	1,045	458	2,889	17,422	20,302	23,496	31,110	47,840	11,473	20,524	9,082	18,641	25,321
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	1,586	1,045	458	2,889	17,422	20,302	23,496	31,110	47,840	11,473	20,524	9,082	18,641	25,321
Stock & work in progress	151,633	116,148	129,559	108,537	104,301	78,250	84,638	71,067	30,222	35,022	20,532	22,675	27,774	15,851
Trade Debtors	626,673	340,229	354,805	460,329	375,588	311,197	698,480	706,191	841,680	592,748	663,868	552,434	652,104	532,180
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	210,214	199,712	227,387	218,639	233,852	245,846	102,159	106,731	0	0	0	0	0	0
Cash	690,948	674,148	761,853	388,841	538,179	585,357	526,846	470,083	375,715	490,069	523,099	417,817	275,113	261,123
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,679,468	1,330,237	1,473,604	1,176,346	1,251,920	1,220,650	1,412,123	1,354,072	1,247,617	1,117,839	1,207,499	992,926	954,991	809,154
total assets	1,681,054	1,331,282	1,474,062	1,179,235	1,269,342	1,240,952	1,435,619	1,385,182	1,295,457	1,129,312	1,228,023	1,002,008	973,632	834,475
Bank overdraft	79	483	0	0	21,004	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	693,420	474,480	553,097	426,783	438,454	464,953	560,546	624,173	694,889	632,656	772,239	548,654	603,818	475,458
Group/Directors Accounts	0	0	0	0	0	0	0	73,534	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	293,460	231,412	279,418	151,820	152,410	102,400	144,897	52,395	0	0	0	0	0	0
total current liabilities	986,959	706,375	832,515	578,603	611,868	567,353	705,443	750,102	694,889	632,656	772,239	548,654	603,818	475,458
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	0	0	0	0	0	0
provisions	317	209	750	750	3,656	4,245	4,699	6,222	9,568	2,295	3,314	814	2,474	3,672
total long term liabilities	317	209	750	750	3,656	4,245	4,699	6,222	9,568	2,295	3,314	814	2,474	3,672
total liabilities	987,276	706,584	833,265	579,353	615,524	571,598	710,142	756,324	704,457	634,951	775,553	549,468	606,292	479,130
net assets	693,778	624,698	640,797	599,882	653,818	669,354	725,477	628,858	591,000	494,361	452,470	452,540	367,340	355,345
total shareholders funds	693,778	624,698	640,797	599,882	653,818	669,354	725,477	628,858	591,000	494,361	452,470	452,540	367,340	355,345

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	56,304	-21,468	49,937	-53,759	-19,040	-58,904	119,528	45,208	120,163	51,871	-2,422	113,403	15,319	492,879
Depreciation	351	48	1,857	1,006	6,424	6,017	7,949	10,401	3,190	3,869	3,355	5,131	10,450	8,866
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-16,204	0	-9,597	0	0	0	-24,155	-9,464	-25,689	-12,513	0	-29,935	-4,665	-138,189
Stock	35,485	-13,411	21,022	4,236	26,051	-6,388	13,571	40,845	-4,800	14,490	-2,143	-5,099	11,923	15,851
Debtors	296,946	-42,251	-96,776	69,528	52,397	-243,596	-12,283	-28,758	248,932	-71,120	111,434	-99,670	119,924	532,180
Creditors	218,940	-78,617	126,314	-11,671	-26,499	-95,593	-63,627	-70,716	62,233	-139,583	223,585	-55,164	128,360	475,458
Accruals and Deferred Income	62,048	-48,006	127,598	-590	50,010	-42,497	92,502	52,395	0	0	0	0	0	0
Deferred Taxes & Provisions	108	-541	0	-2,906	-589	-454	-1,523	-3,346	7,273	-1,019	2,500	-1,660	-1,198	3,672
Cash flow from operations	-10,884	-92,922	371,863	-141,684	-68,142	58,553	129,386	12,391	-76,962	-40,745	117,727	136,544	16,419	294,655
Investing Activities
capital expenditure	-892	-635	574	13,527	-3,544	-2,823	-335	6,329	-39,557	5,182	-14,797	4,428	-3,770	-34,187
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-892	-635	574	13,527	-3,544	-2,823	-335	6,329	-39,557	5,182	-14,797	4,428	-3,770	-34,187
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	-73,534	73,534	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	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	28,979	5,369	575	-177	3,504	2,781	1,246	2,115	2,164	2,533	2,352	1,732	1,341	653
cash flow from financing	28,979	5,369	575	-177	3,504	2,781	-72,288	75,649	2,164	2,533	2,352	1,732	1,341	655
cash and cash equivalents
cash	16,800	-87,705	373,012	-149,338	-47,178	58,511	56,763	94,368	-114,354	-33,030	105,282	142,704	13,990	261,123
overdraft	-404	483	0	-21,004	21,004	0	0	0	0	0	0	0	0	0
change in cash	17,204	-88,188	373,012	-128,334	-68,182	58,511	56,763	94,368	-114,354	-33,030	105,282	142,704	13,990	261,123

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEIR SERVICES LIMITED group structure

Meir Services Limited has no subsidiary companies.

Ultimate parent company

MEIR SERVICES LIMITED

03162937

MEIR SERVICES LIMITED Shareholders

david michael hespin	50%
elizabeth ann hespin	50%

Meir Services Limited currently has 2 directors. The longest serving directors include Mr David Hespin (Feb 1996) and Mrs Elisabeth Hespin (Aug 1996).

officer	country	age	start	end	role
Mr David Hespin		77 years	Feb 1996	-	Director
Mrs Elisabeth Hespin		77 years	Aug 1996	-	Director

P&L

March 2023

turnover

3.4m

+87%

operating profit

56.3k

gross margin

26.6%

-8.2%

turnover

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

Balance Sheet

March 2023

net assets

693.8k

+0.11%

total assets

1.7m

+0.26%

cash

690.9k

+0.02%

net assets

Total assets minus all liabilities

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company number

03162937

Type

Private limited with Share Capital

industry

43910 - Roofing activities

incorporation date

February 1996

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit c1 m62 trading estate, larsden road, goole, east yorkshire, DN14 6XF

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 did not find charges/mortgages relating to meir services limited.

meir services limited Company Information

meir services limited Estimated Valuation

meir services limited Estimated Valuation

meir services limited Estimated Valuation

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MEIR SERVICES LIMITED financials

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