methis limited
methis limited Company Information
Company Number
03278548
Next Accounts
Dec 2025
Shareholders
grant james morrison
amanda morrison
Group Structure
View All
Industry
Wholesale of office furniture
Registered Address
sigma house oak view close, edginswell park, torquay, devon, TQ2 7FF
Website
www.methis.commethis limited Estimated Valuation
Pomanda estimates the enterprise value of METHIS LIMITED at £84.2k based on a Turnover of £314.7k and 0.27x industry multiple (adjusted for size and gross margin).
methis limited Estimated Valuation
Pomanda estimates the enterprise value of METHIS LIMITED at £270.3k based on an EBITDA of £95k and a 2.85x industry multiple (adjusted for size and gross margin).
methis limited Estimated Valuation
Pomanda estimates the enterprise value of METHIS LIMITED at £230.3k based on Net Assets of £116.8k and 1.97x industry multiple (adjusted for liquidity).
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Methis Limited Overview
Methis Limited is a live company located in torquay, TQ2 7FF with a Companies House number of 03278548. It operates in the wholesale of office furniture sector, SIC Code 46650. Founded in November 1996, it's largest shareholder is grant james morrison with a 50% stake. Methis Limited is a mature, micro sized company, Pomanda has estimated its turnover at £314.7k with low growth in recent years.
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Methis Limited Health Check
Pomanda's financial health check has awarded Methis Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £314.7k, make it smaller than the average company (£19.3m)
- Methis Limited
£19.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (16.6%)
- Methis Limited
16.6% - Industry AVG
Production
with a gross margin of 26.2%, this company has a comparable cost of product (26.2%)
- Methis Limited
26.2% - Industry AVG
Profitability
an operating margin of 24.7% make it more profitable than the average company (4.2%)
- Methis Limited
4.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (50)
2 - Methis Limited
50 - Industry AVG
Pay Structure
on an average salary of £54.5k, the company has an equivalent pay structure (£54.5k)
- Methis Limited
£54.5k - Industry AVG
Efficiency
resulting in sales per employee of £157.3k, this is less efficient (£484.6k)
- Methis Limited
£484.6k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (56 days)
- Methis Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (46 days)
- Methis Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Methis Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 105 weeks, this is more cash available to meet short term requirements (8 weeks)
105 weeks - Methis Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.8%, this is a lower level of debt than the average (83.5%)
41.8% - Methis Limited
83.5% - Industry AVG
METHIS LIMITED financials
Methis Limited's latest turnover from March 2024 is estimated at £314.7 thousand and the company has net assets of £116.8 thousand. According to their latest financial statements, Methis Limited has 2 employees and maintains cash reserves of £142.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 1,422,626 | 344,044 | 565,964 | 785,206 | |||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 983,473 | 196,883 | 455,958 | 592,206 | |||||||||||
| Gross Profit | 439,153 | 147,161 | 110,006 | 193,000 | |||||||||||
| Admin Expenses | 187,772 | 109,568 | 98,926 | 173,130 | |||||||||||
| Operating Profit | 251,381 | 37,593 | 11,080 | 19,870 | |||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | 188 | 201 | 8 | ||||||||||||
| Pre-Tax Profit | 251,381 | 37,781 | 11,281 | 21,409 | |||||||||||
| Tax | -50,423 | -7,728 | -2,801 | -821 | |||||||||||
| Profit After Tax | 200,958 | 30,053 | 8,480 | 20,588 | |||||||||||
| Dividends Paid | 22,000 | 28,000 | 41,506 | ||||||||||||
| Retained Profit | 178,958 | 2,053 | -33,026 | 20,588 | |||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||||
| EBITDA* | 252,631 | 39,064 | 12,810 | 21,906 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 54,572 | 69,230 | 1,983 | 2,490 | 16,270 | 21,478 | 678 | 318 | 405 | 492 | 1,052,917 | 7,088 | 8,338 | 1,730 | 11,539 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 54,572 | 69,230 | 1,983 | 2,490 | 16,270 | 21,478 | 678 | 318 | 405 | 492 | 1,052,917 | 7,088 | 8,338 | 1,730 | 11,539 |
| Stock & work in progress | 5,670 | 1,200 | 1,200 | 1,200 | 11,500 | 11,500 | 11,500 | 20,500 | 28,500 | ||||||
| Trade Debtors | 2,386 | 29 | 11,748 | 21,767 | 931 | 10,167 | 432 | 174,203 | 90,179 | 106,256 | 120,472 | 428,283 | 78,754 | 72,406 | 249,807 |
| Group Debtors | 68,411 | ||||||||||||||
| Misc Debtors | 1,298 | 1,918 | 2,623 | 25,033 | 3,697 | 990 | 9,290 | 28,567 | 3,250 | 3,250 | 3,250 | 3,250 | |||
| Cash | 142,402 | 228,424 | 90,219 | 67,547 | 89,116 | 6,259 | 121,532 | 26,138 | 131,248 | 665,636 | 204,006 | 298,918 | 165,242 | 290,645 | 195,401 |
| misc current assets | |||||||||||||||
| total current assets | 146,086 | 230,371 | 101,967 | 91,937 | 115,080 | 20,123 | 128,624 | 210,831 | 319,605 | 773,092 | 335,978 | 741,951 | 258,746 | 386,801 | 476,958 |
| total assets | 200,658 | 299,601 | 103,950 | 94,427 | 131,350 | 41,601 | 129,302 | 211,149 | 320,010 | 773,584 | 1,388,895 | 749,039 | 267,084 | 388,531 | 488,497 |
| Bank overdraft | |||||||||||||||
| Bank loan | 10,052 | 9,167 | |||||||||||||
| Trade Creditors | 9,930 | 5,754 | 53,082 | 19,064 | 34,050 | 3,403 | 170 | 105,285 | 126,432 | 637,429 | 634,327 | 389,417 | 147,956 | 281,749 | 294,958 |
| Group/Directors Accounts | 1,682 | 14,242 | 2,357 | 6,723 | 5,869 | ||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 60,241 | 225,269 | 26,087 | 20,780 | 74,695 | 13,998 | 26,444 | 23,842 | 41,404 | 69,718 | 20,067 | 7,408 | 59,993 | ||
| total current liabilities | 70,171 | 231,023 | 90,903 | 49,011 | 108,745 | 17,401 | 26,614 | 129,127 | 167,836 | 637,429 | 634,327 | 473,377 | 170,380 | 295,880 | 360,820 |
| loans | 31,615 | 40,833 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 13,643 | 17,308 | |||||||||||||
| total long term liabilities | 13,643 | 17,308 | 31,615 | 40,833 | |||||||||||
| total liabilities | 83,814 | 248,331 | 122,518 | 89,844 | 108,745 | 17,401 | 26,614 | 129,127 | 167,836 | 637,429 | 634,327 | 473,377 | 170,380 | 295,880 | 360,820 |
| net assets | 116,844 | 51,270 | -18,568 | 4,583 | 22,605 | 24,200 | 102,688 | 82,022 | 152,174 | 136,155 | 754,568 | 275,662 | 96,704 | 92,651 | 127,677 |
| total shareholders funds | 116,844 | 51,270 | -18,568 | 4,583 | 22,605 | 24,200 | 102,688 | 82,022 | 152,174 | 136,155 | 754,568 | 275,662 | 96,704 | 92,651 | 127,677 |
| Mar 2024 | 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 | 251,381 | 37,593 | 11,080 | 19,870 | |||||||||||
| Depreciation | 17,275 | 2,041 | 507 | 507 | 5,374 | 565 | 120 | 87 | 87 | 87 | 1,250 | 1,471 | 1,730 | 2,036 | |
| Amortisation | |||||||||||||||
| Tax | -50,423 | -7,728 | -2,801 | -821 | |||||||||||
| Stock | -5,670 | 4,470 | -10,300 | -9,000 | -8,000 | 28,500 | |||||||||
| Debtors | 1,737 | -9,801 | -12,642 | -1,574 | 12,100 | 12,442 | -182,071 | -3,664 | 80,901 | -14,216 | -311,061 | 349,529 | 6,348 | -177,401 | 253,057 |
| Creditors | 4,176 | -47,328 | 34,018 | -14,986 | 30,647 | 3,233 | -105,115 | -21,147 | -510,997 | 3,102 | 244,910 | 241,461 | -133,793 | -13,209 | 294,958 |
| Accruals and Deferred Income | -165,028 | 199,182 | 5,307 | -53,915 | 60,697 | -12,446 | 2,602 | -17,562 | 41,404 | -69,718 | 49,651 | 12,659 | -52,585 | 59,993 | |
| Deferred Taxes & Provisions | -3,665 | 17,308 | |||||||||||||
| Cash flow from operations | 143,791 | -87,146 | 129,616 | 94,479 | |||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -10,052 | 885 | 9,167 | ||||||||||||
| Group/Directors Accounts | -1,682 | 1,682 | -14,242 | 11,885 | -4,366 | 854 | 5,869 | ||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -31,615 | -9,218 | 40,833 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 188 | 201 | 8 | ||||||||||||
| cash flow from financing | 11,885 | -2,178 | -945 | 112,966 | |||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -86,022 | 138,205 | 22,672 | -21,569 | 82,857 | -115,273 | 95,394 | -105,110 | -534,388 | 461,630 | -94,912 | 133,676 | -125,403 | 95,244 | 195,401 |
| overdraft | |||||||||||||||
| change in cash | -86,022 | 138,205 | 22,672 | -21,569 | 82,857 | -115,273 | 95,394 | -105,110 | -534,388 | 461,630 | -94,912 | 133,676 | -125,403 | 95,244 | 195,401 |
methis limited Credit Report and Business Information
Methis Limited Competitor Analysis
Perform a competitor analysis for methis limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in TQ2 area or any other competitors across 12 key performance metrics.
methis limited Ownership
METHIS LIMITED group structure
Methis Limited has no subsidiary companies.
Ultimate parent company
METHIS LIMITED
03278548
methis limited directors
Methis Limited currently has 2 directors. The longest serving directors include Mr Grant Morrison (Nov 1996) and Mrs Amanda Morrison (Jan 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Grant Morrison | United Kingdom | 65 years | Nov 1996 | - | Director |
| Mrs Amanda Morrison | United Kingdom | 63 years | Jan 2006 | - | Director |
P&L
March 2024turnover
314.7k
+29%
operating profit
77.7k
0%
gross margin
26.3%
+2.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
116.8k
+1.28%
total assets
200.7k
-0.33%
cash
142.4k
-0.38%
net assets
Total assets minus all liabilities
methis limited company details
company number
03278548
Type
Private limited with Share Capital
industry
46650 - Wholesale of office furniture
incorporation date
November 1996
age
29
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
glendrich limited (August 2000)
accountant
FRANCIS CLARK LLP
auditor
-
address
sigma house oak view close, edginswell park, torquay, devon, TQ2 7FF
Bank
-
Legal Advisor
-
methis 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 4 charges/mortgages relating to methis limited. Currently there are 3 open charges and 1 have been satisfied in the past.
methis 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 METHIS LIMITED. This can take several minutes, an email will notify you when this has completed.
methis limited Companies House Filings - See Documents
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