mears estates limited
mears estates limited Company Information
Company Number
03720903
Website
www.mearsgroup.co.ukRegistered Address
1390 montpellier court, gloucester business park,, brockworth, gloucester, GL3 4AH
Industry
Other personal service activities n.e.c.
Telephone
08706071400
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
scion group ltd 100%
mears estates limited Estimated Valuation
Pomanda estimates the enterprise value of MEARS ESTATES LIMITED at £1.4m based on a Turnover of £2.1m and 0.64x industry multiple (adjusted for size and gross margin).
mears estates limited Estimated Valuation
Pomanda estimates the enterprise value of MEARS ESTATES LIMITED at £1m based on an EBITDA of £240.5k and a 4.19x industry multiple (adjusted for size and gross margin).
mears estates limited Estimated Valuation
Pomanda estimates the enterprise value of MEARS ESTATES LIMITED at £1.3m based on Net Assets of £618.7k and 2.03x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mears Estates Limited Overview
Mears Estates Limited is a live company located in brockworth, gloucester, GL3 4AH with a Companies House number of 03720903. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in February 1999, it's largest shareholder is scion group ltd with a 100% stake. Mears Estates 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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Mears Estates Limited Health Check
Pomanda's financial health check has awarded Mears Estates Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £2.1m, make it larger than the average company (£1.1m)
£2.1m - Mears Estates Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (7.7%)
-13% - Mears Estates Limited
7.7% - Industry AVG
Production
with a gross margin of 36.7%, this company has a comparable cost of product (42.3%)
36.7% - Mears Estates Limited
42.3% - Industry AVG
Profitability
an operating margin of 10.8% make it more profitable than the average company (6.5%)
10.8% - Mears Estates Limited
6.5% - Industry AVG
Employees
with 46 employees, this is above the industry average (14)
46 - Mears Estates Limited
14 - Industry AVG
Pay Structure
on an average salary of £29.1k, the company has an equivalent pay structure (£32.9k)
£29.1k - Mears Estates Limited
£32.9k - Industry AVG
Efficiency
resulting in sales per employee of £46.2k, this is less efficient (£98.7k)
£46.2k - Mears Estates Limited
£98.7k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is near the average (29 days)
25 days - Mears Estates Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (42 days)
0 days - Mears Estates Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mears Estates Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is less cash available to meet short term requirements (43 weeks)
16 weeks - Mears Estates Limited
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.1%, this is a lower level of debt than the average (45.2%)
24.1% - Mears Estates Limited
45.2% - Industry AVG
MEARS ESTATES LIMITED financials
Mears Estates Limited's latest turnover from December 2023 is £2.1 million and the company has net assets of £618.7 thousand. According to their latest financial statements, Mears Estates Limited has 46 employees and maintains cash reserves of £62.5 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,126,836 | 2,049,213 | 2,276,436 | 3,185,764 | 4,030,231 | 3,505,951 | 3,237,726 | 1,712,875 | 1,222,796 | 2,093,707 | 3,495,925 | 3,687,382 | 3,531,435 | 4,665,003 | 5,064,703 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,346,235 | 1,252,617 | 1,400,259 | 2,154,589 | 2,843,938 | 2,608,708 | 2,236,188 | 1,149,175 | 833,871 | 1,394,239 | 2,657,159 | 2,538,234 | 2,385,847 | 3,349,007 | 3,799,639 |
| Gross Profit | 780,601 | 796,596 | 876,177 | 1,031,175 | 1,186,293 | 897,243 | 1,001,538 | 563,700 | 388,925 | 699,468 | 838,766 | 1,149,148 | 1,145,588 | 1,315,996 | 1,265,064 |
| Admin Expenses | 550,253 | 584,942 | 717,557 | 924,910 | 1,330,969 | 797,591 | 882,428 | 457,223 | 369,439 | 658,019 | 1,371,920 | 1,384,071 | 1,330,788 | 1,313,586 | 1,391,734 |
| Operating Profit | 230,348 | 211,654 | 158,620 | 106,265 | -144,676 | 99,652 | 119,110 | 106,477 | 19,486 | 41,449 | -533,154 | -234,923 | -185,200 | 2,410 | -126,670 |
| Interest Payable | 485 | 2,600 | 2,400 | 2,400 | 18,169 | 1,600 | 0 | 0 | 170 | 0 | 46 | 47 | 0 | 5 | 0 |
| Interest Receivable | 0 | 0 | 0 | 30 | 86 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,273 |
| Pre-Tax Profit | 229,863 | 209,054 | 156,220 | 103,895 | -159,187 | 98,052 | 119,110 | 106,477 | 19,316 | 41,449 | -533,200 | -234,970 | -185,200 | 2,405 | -116,397 |
| Tax | 0 | -29,000 | 29,000 | 0 | -744 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 229,863 | 180,054 | 185,220 | 103,895 | -159,931 | 98,052 | 119,110 | 106,477 | 19,316 | 41,449 | -533,200 | -234,970 | -185,200 | 2,405 | -116,397 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 229,863 | 180,054 | 185,220 | 103,895 | -159,931 | 98,052 | 119,110 | 106,477 | 19,316 | 41,449 | -533,200 | -234,970 | -185,200 | 2,405 | -116,397 |
| Employee Costs | 1,338,172 | 1,190,593 | 1,382,296 | 1,958,226 | 2,470,298 | 2,185,875 | 2,034,224 | 1,028,487 | 795,826 | 1,224,822 | 1,686,976 | 1,803,597 | 2,014,390 | 2,423,008 | 2,168,816 |
| Number Of Employees | 46 | 48 | 55 | 91 | 113 | 108 | 101 | 44 | 28 | 44 | 61 | 69 | 81 | 100 | 90 |
| EBITDA* | 240,505 | 258,548 | 187,933 | 176,038 | -111,182 | 124,536 | 155,530 | 136,588 | 58,840 | 128,204 | -433,943 | -134,045 | -88,272 | 107,906 | -36,781 |
* 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 18,110 | 65,004 | 207,128 | 284,175 | 198,323 | 124,555 | 148,940 | 111,207 | 226,157 | 402,242 | 486,944 | 558,929 | 618,416 | 573,225 |
| 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 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 602,757 | 0 | 29,000 | 0 | 0 | 0 | 0 | 1,900 | 227,751 | 203,657 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 602,757 | 18,110 | 94,004 | 207,128 | 284,175 | 198,323 | 124,555 | 150,840 | 338,958 | 429,814 | 402,242 | 486,944 | 558,929 | 618,416 | 573,225 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 271 | 69,037 | 191,125 | 104,725 | 73,500 | 75,600 |
| Trade Debtors | 149,649 | 128,808 | 211,588 | 190,831 | 522,494 | 428,703 | 103,013 | 148,882 | 87,028 | 248,921 | 634,212 | 1,000,699 | 621,156 | 811,279 | 1,327,995 |
| Group Debtors | 0 | 0 | 950 | 4,397 | 135,424 | 1,773 | 250,722 | 1,900 | 0 | 0 | 0 | 0 | 0 | 0 | 9,212 |
| Misc Debtors | 414 | 2,510 | 731 | 43 | 16 | 27,469 | 950 | 38,214 | 13,411 | 14,023 | 44,431 | 47,731 | 68,194 | 89,824 | 51,597 |
| Cash | 62,527 | 476,600 | 158,302 | 129,074 | 327,129 | 122,425 | 383,505 | 250 | 677,052 | 427,342 | 720,056 | 149,514 | 826,625 | 346,823 | 119,417 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 212,590 | 607,918 | 371,571 | 324,345 | 985,063 | 580,370 | 738,190 | 189,246 | 777,491 | 690,557 | 1,467,736 | 1,389,069 | 1,620,700 | 1,321,426 | 1,583,821 |
| total assets | 815,347 | 626,028 | 465,575 | 531,473 | 1,269,238 | 778,693 | 862,745 | 340,086 | 1,116,449 | 1,120,371 | 1,869,978 | 1,876,013 | 2,179,629 | 1,939,842 | 2,157,046 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
| Trade Creditors | 483 | 31,147 | 26,531 | 30,123 | 170,117 | 154,391 | 102,088 | 147,252 | 25,696 | 64,287 | 262,782 | 298,405 | 198,558 | 455,292 | 247,836 |
| Group/Directors Accounts | 48,129 | 44,329 | 49,905 | 141,137 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 742,724 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 143,007 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 4,115 | 15,893 | 35,835 | 54,156 | 67,755 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 146,939 | 150,550 | 155,183 | 287,621 | 267,176 | 289,254 | 170,465 | 185,796 | 157,376 | 198,464 | 154,144 | 194,246 | 170,284 | 167,594 | 520,337 |
| total current liabilities | 195,551 | 230,141 | 247,512 | 494,716 | 491,449 | 511,400 | 272,553 | 476,055 | 183,072 | 262,751 | 416,926 | 492,651 | 368,842 | 622,886 | 1,510,897 |
| loans | 1,107 | 7,061 | 5,309 | 13,205 | 858,132 | 187,705 | 608,656 | 1,605 | 1,177,428 | 1,120,987 | 1,757,868 | 1,154,978 | 1,347,433 | 668,402 | 0 |
| hp & lease commitments | 0 | 0 | 3,982 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,107 | 7,061 | 9,291 | 13,205 | 858,132 | 187,705 | 608,656 | 1,605 | 1,177,428 | 1,120,987 | 1,757,868 | 1,154,978 | 1,347,433 | 668,402 | 0 |
| total liabilities | 196,658 | 237,202 | 256,803 | 507,921 | 1,349,581 | 699,105 | 881,209 | 477,660 | 1,360,500 | 1,383,738 | 2,174,794 | 1,647,629 | 1,716,275 | 1,291,288 | 1,510,897 |
| net assets | 618,689 | 388,826 | 208,772 | 23,552 | -80,343 | 79,588 | -18,464 | -137,574 | -244,051 | -263,367 | -304,816 | 228,384 | 463,354 | 648,554 | 646,149 |
| total shareholders funds | 618,689 | 388,826 | 208,772 | 23,552 | -80,343 | 79,588 | -18,464 | -137,574 | -244,051 | -263,367 | -304,816 | 228,384 | 463,354 | 648,554 | 646,149 |
| 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 230,348 | 211,654 | 158,620 | 106,265 | -144,676 | 99,652 | 119,110 | 106,477 | 19,486 | 41,449 | -533,154 | -234,923 | -185,200 | 2,410 | -126,670 |
| Depreciation | 10,157 | 46,894 | 29,313 | 69,773 | 33,494 | 24,884 | 36,420 | 30,111 | 39,354 | 86,755 | 99,211 | 100,878 | 96,928 | 105,496 | 89,889 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | -29,000 | 29,000 | 0 | -744 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -271 | -68,766 | -122,088 | 86,400 | 31,225 | -2,100 | 75,600 |
| Debtors | 621,502 | -110,951 | 46,998 | -462,663 | 199,989 | 103,260 | 163,789 | -137,294 | -138,411 | -212,042 | -369,787 | 359,080 | -211,753 | -487,701 | 1,388,804 |
| Creditors | -30,664 | 4,616 | -3,592 | -139,994 | 15,726 | 52,303 | -45,164 | 121,556 | -38,591 | -198,495 | -35,623 | 99,847 | -256,734 | 207,456 | 247,836 |
| Accruals and Deferred Income | -3,611 | -4,633 | -132,438 | 20,445 | -22,078 | 118,789 | -15,331 | 28,420 | -41,088 | 44,320 | -40,102 | 23,962 | 2,690 | -352,743 | 520,337 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -415,272 | 340,482 | 33,905 | 519,152 | -318,267 | 192,368 | -68,754 | 423,858 | 117,843 | 254,837 | -17,793 | -455,716 | -161,788 | 452,420 | -733,012 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 3,800 | -5,576 | -91,232 | 141,137 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -742,724 | 742,724 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -143,007 | 143,007 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -5,954 | 1,752 | -7,896 | -844,927 | 670,427 | -420,951 | 607,051 | -1,175,823 | 56,441 | -636,881 | 602,890 | -192,455 | 679,031 | 668,402 | 0 |
| Hire Purchase and Lease Commitments | -4,115 | -15,760 | -15,960 | -18,321 | -13,599 | 67,755 | 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 | 0 |
| share issue | |||||||||||||||
| interest | -485 | -2,600 | -2,400 | -2,370 | -18,083 | -1,600 | 0 | 0 | -170 | 0 | -46 | -47 | 0 | -5 | 10,273 |
| cash flow from financing | -6,754 | -22,184 | -117,488 | -724,481 | 638,745 | -354,796 | 464,044 | -1,032,816 | 56,271 | -636,881 | 602,844 | -192,502 | 679,031 | -74,327 | 1,515,543 |
| cash and cash equivalents | |||||||||||||||
| cash | -414,073 | 318,298 | 29,228 | -198,055 | 204,704 | -261,080 | 383,255 | -676,802 | 249,710 | -292,714 | 570,542 | -677,111 | 479,802 | 227,406 | 119,417 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -414,073 | 318,298 | 29,228 | -198,055 | 204,704 | -261,080 | 383,255 | -676,802 | 249,710 | -292,714 | 570,542 | -677,111 | 479,802 | 227,406 | 119,417 |
mears estates limited Credit Report and Business Information
Mears Estates Limited Competitor Analysis
Perform a competitor analysis for mears estates limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in GL3 area or any other competitors across 12 key performance metrics.
mears estates limited Ownership
MEARS ESTATES LIMITED group structure
Mears Estates Limited has no subsidiary companies.
Ultimate parent company
2 parents
MEARS ESTATES LIMITED
03720903
mears estates limited directors
Mears Estates Limited currently has 2 directors. The longest serving directors include Mr Ben Westran (Jan 2008) and Mr Andrew Smith (Mar 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ben Westran | 47 years | Jan 2008 | - | Director | |
| Mr Andrew Smith | 52 years | Mar 2008 | - | Director |
P&L
December 2023turnover
2.1m
+4%
operating profit
230.3k
+9%
gross margin
36.8%
-5.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
618.7k
+0.59%
total assets
815.3k
+0.3%
cash
62.5k
-0.87%
net assets
Total assets minus all liabilities
mears estates limited company details
company number
03720903
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
February 1999
age
25
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
scion estates limited (May 2015)
tfm estates limited (December 2000)
accountant
-
auditor
-
address
1390 montpellier court, gloucester business park,, brockworth, gloucester, GL3 4AH
Bank
BARCLAYS BANK PLC
Legal Advisor
TRAVERS SMITH
mears estates 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 6 charges/mortgages relating to mears estates limited. Currently there are 0 open charges and 6 have been satisfied in the past.
mears estates limited Companies House Filings - See Documents
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