Meridian (speciality Packaging) Limited

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meridian (speciality packaging) limited Company Information

Live

MatureMidHigh

Company Number

03440767

Website

www.meridiansp.co.uk

Registered Address

c/o cooper parry, sky view, argosy road, derby, derbyshire, DE74 2SA

Industry

Manufacture of paper and paperboard containers other than sacks and bags

Telephone

01684578441

Next Accounts Due

November 2025

Group Structure

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Directors

Robert Schooling24 Years

David Schooling4 Years

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Shareholders

robert llewellyn schooling 51%

meridiansp limited 40%

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meridian (speciality packaging) limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of MERIDIAN (SPECIALITY PACKAGING) LIMITED at £3.2m based on a Turnover of £6.6m and 0.49x industry multiple (adjusted for size and gross margin).

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Meridian (speciality Packaging) Limited is a live company located in derby, DE74 2SA with a Companies House number of 03440767. It operates in the manufacture of other paper and paperboard containers sector, SIC Code 17219. Founded in September 1997, it's largest shareholder is robert llewellyn schooling with a 51% stake. Meridian (speciality Packaging) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with high growth in recent years.

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Pomanda's financial health check has awarded Meridian (Speciality Packaging) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £6.6m, make it smaller than the average company (£17.7m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (9.8%)

EXPORT

Meridian (Speciality Packaging) Limited's latest turnover from February 2024 is estimated at £6.6 million and the company has net assets of £2 million. According to their latest financial statements, Meridian (Speciality Packaging) Limited has 59 employees and maintains cash reserves of £889.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	6,625,178	6,745,829	5,611,049	4,286,163	3,518,502	4,507,027	4,507,061	3,962,663	3,213,679	1,811,864	1,991,788	2,078,112	1,985,996	1,862,509	2,025,809
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,849,509	5,036,620	4,193,388	3,173,897	2,634,793	3,433,519	3,365,248	2,922,322	2,310,129	1,312,901	1,421,992	1,499,189	1,457,913	1,353,839	1,460,075
Gross Profit	1,775,669	1,709,209	1,417,661	1,112,267	883,710	1,073,508	1,141,812	1,040,341	903,550	498,963	569,796	578,923	528,082	508,670	565,735
Admin Expenses	1,754,969	1,771,938	1,084,446	1,301,895	1,029,026	988,117	673,485	702,287	743,146	371,143	375,084	621,144	274,293	371,230	-391,194
Operating Profit	20,700	-62,729	333,215	-189,628	-145,316	85,391	468,327	338,054	160,404	127,820	194,712	-42,221	253,789	137,440	956,929
Interest Payable	202	393	286	135	150	361	946	2,138	3,710	2,177	0	0	1,074	3,303	2,229
Interest Receivable	41,989	38,598	6,073	1,302	9,698	9,069	4,793	1,867	3,600	3,436	3,006	2,376	1,539	931	407
Pre-Tax Profit	62,488	-24,524	339,001	-188,461	-135,768	94,100	472,174	337,784	160,294	129,080	197,718	-39,845	254,254	135,068	955,107
Tax	-15,622	0	-64,410	0	0	-17,879	-89,713	-67,557	-32,059	-27,107	-45,475	0	-66,106	-37,819	-267,430
Profit After Tax	46,866	-24,524	274,591	-188,461	-135,768	76,221	382,461	270,227	128,235	101,973	152,243	-39,845	188,148	97,249	687,677
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	46,866	-24,524	274,591	-188,461	-135,768	76,221	382,461	270,227	128,235	101,973	152,243	-39,845	188,148	97,249	687,677
Employee Costs	2,255,569	2,174,064	1,931,599	1,581,244	1,687,462	1,653,101	1,645,938	1,395,875	1,439,564	399,907	428,571	458,216	437,402	457,261	556,989
Number Of Employees	59	58	54	46	50	49	52	45	47	14	15	16	15	16	19
EBITDA*	137,716	53,811	409,295	-135,973	-66,299	88,522	472,253	338,954	234,566	193,029	250,464	14,278	323,828	206,245	1,029,279

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	262,113	262,689	220,808	155,646	190,054	264,056	294,588	351,282	349,837	296,585	244,378	259,442	733,974	686,365	730,239
Intangible Assets	32,660	14,578	0	0	0	0	900	1,800	2,700	3,600	0	0	167	13,167	28,167
Investments & Other	0	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	0
Total Fixed Assets	294,773	277,267	220,808	155,646	190,054	264,056	295,488	353,082	352,537	300,185	244,378	259,442	734,141	699,532	758,406
Stock & work in progress	793,051	967,486	667,352	398,956	474,092	436,218	434,470	431,998	334,197	284,023	259,567	251,451	250,365	250,169	179,299
Trade Debtors	0	0	0	0	331,378	0	0	0	459,256	467,840	451,065	435,318	396,270	365,165	407,324
Group Debtors	0	0	180	0	180	0	0	0	0	0	0	0	0	0	0
Misc Debtors	734,460	642,343	692,792	445,755	112,385	607,563	517,973	559,515	0	0	0	0	0	0	0
Cash	889,883	789,696	1,140,201	1,288,843	1,314,961	1,271,137	1,147,316	769,966	723,920	716,219	658,277	544,101	406,288	209,333	162,956
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,417,394	2,399,525	2,500,525	2,133,554	2,232,996	2,314,918	2,099,759	1,761,479	1,517,373	1,468,082	1,368,909	1,230,870	1,052,923	824,667	749,579
total assets	2,712,167	2,676,792	2,721,333	2,289,200	2,423,050	2,578,974	2,395,247	2,114,561	1,869,910	1,768,267	1,613,287	1,490,312	1,787,064	1,524,199	1,507,985
Bank overdraft	0	0	0	0	0	0	5,343	21,240	20,510	19,806	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	409,522	416,372	363,988	399,381	222,537	203,156	222,499	281,133	231,185	248,811	403,535	475,277	503,604	465,569	501,064
Group/Directors Accounts	0	0	1,197	1,197	2,717	1,235	1,235	819	404	2,408	0	0	0	0	0
other short term finances	1,805	1,861	5,993	2,815	1,606	2,824	2,516	0	0	0	0	0	0	0	0
hp & lease commitments	0	5,195	18,951	0	0	4,108	11,671	5,090	5,090	10,203	0	0	0	0	0
other current liabilities	146,079	137,943	171,337	115,022	239,775	260,472	96,984	103,038	152,711	145,119	0	0	0	0	0
total current liabilities	557,406	561,371	561,466	518,415	466,635	471,795	340,248	411,320	409,900	426,347	403,535	475,277	503,604	465,569	501,064
loans	0	0	0	0	0	0	0	0	26,665	47,177	0	0	0	33,033	68,586
hp & lease commitments	0	9,167	0	0	0	0	0	0	16,760	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	72,330	74,458	76,585
other liabilities	61,418	66,256	17,689	0	0	0	0	56,617	0	0	77,207	33,492	190,284	132,131	136,196
provisions	71,050	64,571	142,227	24,886	27,300	33,440	42,067	55,717	57,616	54,021	42,073	43,314	42,772	29,082	32,877
total long term liabilities	132,468	139,994	159,916	24,886	27,300	33,440	42,067	112,334	101,041	101,198	119,280	76,806	305,386	268,704	314,244
total liabilities	689,874	701,365	721,382	543,301	493,935	505,235	382,315	523,654	510,941	527,545	522,815	552,083	808,990	734,273	815,308
net assets	2,022,293	1,975,427	1,999,951	1,745,899	1,929,115	2,073,739	2,012,932	1,590,907	1,358,969	1,240,722	1,090,472	938,229	978,074	789,926	692,677
total shareholders funds	2,022,293	1,975,427	1,999,951	1,745,899	1,929,115	2,073,739	2,012,932	1,590,907	1,358,969	1,240,722	1,090,472	938,229	978,074	789,926	692,677

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	20,700	-62,729	333,215	-189,628	-145,316	85,391	468,327	338,054	160,404	127,820	194,712	-42,221	253,789	137,440	956,929
Depreciation	108,608	116,540	76,080	53,655	79,017	2,231	3,026	0	73,262	64,309	55,752	56,332	57,039	55,805	61,517
Amortisation	8,408	0	0	0	0	900	900	900	900	900	0	167	13,000	13,000	10,833
Tax	-15,622	0	-64,410	0	0	-17,879	-89,713	-67,557	-32,059	-27,107	-45,475	0	-66,106	-37,819	-267,430
Stock	-174,435	300,134	268,396	-75,136	37,874	1,748	2,472	97,801	50,174	24,456	8,116	1,086	196	70,870	179,299
Debtors	92,117	-50,629	247,217	1,812	-163,620	89,590	-41,542	100,259	-8,584	16,775	15,747	39,048	31,105	-42,159	407,324
Creditors	-6,850	52,384	-35,393	176,844	19,381	-19,343	-58,634	49,948	-17,626	-154,724	-71,742	-28,327	38,035	-35,495	501,064
Accruals and Deferred Income	8,136	-33,394	56,315	-124,753	-20,697	163,488	-6,054	-49,673	7,592	145,119	0	-72,330	-2,128	-2,127	76,585
Deferred Taxes & Provisions	6,479	-77,656	117,341	-2,414	-6,140	-8,627	-13,650	-1,899	3,595	11,948	-1,241	542	13,690	-3,795	32,877
Cash flow from operations	212,177	-254,360	-32,465	-12,972	51,991	114,823	343,272	71,713	154,478	127,034	108,143	-125,971	276,018	98,298	785,752
Investing Activities
capital expenditure	-134,522	-172,999	-141,242	-19,247	-5,015	28,301	53,668	-1,445	-126,514	-121,016	-40,688	418,200	-104,648	-9,931	-830,756
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-134,522	-172,999	-141,242	-19,247	-5,015	28,301	53,668	-1,445	-126,514	-121,016	-40,688	418,200	-104,648	-9,931	-830,756
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-1,197	0	-1,520	1,482	0	416	415	-2,004	2,408	0	0	0	0	0
Other Short Term Loans	-56	-4,132	3,178	1,209	-1,218	308	2,516	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	-26,665	-20,512	47,177	0	0	-33,033	-35,553	68,586
Hire Purchase and Lease Commitments	-14,362	-4,589	18,951	0	-4,108	-7,563	6,581	-16,760	11,647	10,203	0	0	0	0	0
other long term liabilities	-4,838	48,567	17,689	0	0	0	-56,617	56,617	0	-77,207	43,715	-156,792	58,153	-4,065	136,196
share issue	0	0	-20,539	5,245	-8,856	-15,414	39,564	-38,289	-9,988	48,277	0	0	0	0	5,000
interest	41,787	38,205	5,787	1,167	9,548	8,708	3,847	-271	-110	1,259	3,006	2,376	465	-2,372	-1,822
cash flow from financing	22,531	76,854	25,066	6,101	-3,152	-13,961	-3,693	-24,953	-20,967	32,117	46,721	-154,416	25,585	-41,990	207,960
cash and cash equivalents
cash	100,187	-350,505	-148,642	-26,118	43,824	123,821	377,350	46,046	7,701	57,942	114,176	137,813	196,955	46,377	162,956
overdraft	0	0	0	0	0	-5,343	-15,897	730	704	19,806	0	0	0	0	0
change in cash	100,187	-350,505	-148,642	-26,118	43,824	129,164	393,247	45,316	6,997	38,136	114,176	137,813	196,955	46,377	162,956

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERIDIAN (SPECIALITY PACKAGING) LIMITED group structure

Meridian (Speciality Packaging) Limited has no subsidiary companies.

Ultimate parent company

MERIDIAN (SPECIALITY PACKAGING) LIMITED

03440767

MERIDIAN (SPECIALITY PACKAGING) LIMITED Shareholders

robert llewellyn schooling	51%
meridiansp limited	40%
leigh carol schooling	9%

Meridian (Speciality Packaging) Limited currently has 3 directors. The longest serving directors include Mr Robert Schooling (Dec 1999) and Mr David Schooling (Oct 2019).

officer	country	age	start	end	role
Mr Robert Schooling	England	60 years	Dec 1999	-	Director
Mr David Schooling	England	38 years	Oct 2019	-	Director
Mr David Holmes	England	42 years	Oct 2019	-	Director

P&L

February 2024

turnover

6.6m

-2%

operating profit

20.7k

gross margin

26.9%

+5.78%

turnover

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

Balance Sheet

February 2024

net assets

+0.02%

total assets

2.7m

+0.01%

cash

889.9k

+0.13%

net assets

Total assets minus all liabilities

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company number

03440767

Type

Private limited with Share Capital

industry

17219 - Manufacture of paper and paperboard containers other than sacks and bags

incorporation date

September 1997

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

February 2024

address

c/o cooper parry, sky view, argosy road, derby, derbyshire, DE74 2SA

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 9 charges/mortgages relating to meridian (speciality packaging) limited. Currently there are 9 open charges and 0 have been satisfied in the past.

meridian (speciality packaging) limited Company Information

meridian (speciality packaging) limited Estimated Valuation

meridian (speciality packaging) limited Estimated Valuation

meridian (speciality packaging) limited Estimated Valuation

Meridian (speciality Packaging) Limited Overview

Meridian (speciality Packaging) Limited Health Check

MERIDIAN (SPECIALITY PACKAGING) LIMITED financials

meridian (speciality packaging) limited Credit Report and Business Information

Meridian (speciality Packaging) Limited Competitor Analysis

meridian (speciality packaging) limited Ownership

meridian (speciality packaging) limited directors

meridian (speciality packaging) limited company details

meridian (speciality packaging) limited Charges & Mortgages

meridian (speciality packaging) limited Companies House Filings - See Documents