meter fit (north west) limited

3.5

meter fit (north west) limited Company Information

Share METER FIT (NORTH WEST) LIMITED
Live 
MatureMidDeclining

Company Number

04345746

Registered Address

5th floor 1 marsden street, manchester, M2 1HW

Industry

Other business support service activities n.e.c.

 

Telephone

01612201900

Next Accounts Due

September 2025

Group Structure

View All

Directors

Sean Latus9 Years

Sarah Blackburn6 Years

View All

Shareholders

meter serve (holdco 2) limited 100%

meter fit (north west) limited Estimated Valuation

£9.4m

Pomanda estimates the enterprise value of METER FIT (NORTH WEST) LIMITED at £9.4m based on a Turnover of £8.2m and 1.15x industry multiple (adjusted for size and gross margin).

meter fit (north west) limited Estimated Valuation

£72.8m

Pomanda estimates the enterprise value of METER FIT (NORTH WEST) LIMITED at £72.8m based on an EBITDA of £8.2m and a 8.83x industry multiple (adjusted for size and gross margin).

meter fit (north west) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of METER FIT (NORTH WEST) LIMITED at £0 based on Net Assets of £-1.4m and 2.57x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Meter Fit (north West) Limited Overview

Meter Fit (north West) Limited is a live company located in manchester, M2 1HW with a Companies House number of 04345746. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2001, it's largest shareholder is meter serve (holdco 2) limited with a 100% stake. Meter Fit (north West) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.2m with declining growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Meter Fit (north West) Limited Health Check

Pomanda's financial health check has awarded Meter Fit (North West) Limited a 3.5 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 Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £8.2m, make it larger than the average company (£4.5m)

£8.2m - Meter Fit (north West) Limited

£4.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (6.4%)

-10% - Meter Fit (north West) Limited

6.4% - Industry AVG

production

Production

with a gross margin of 92.5%, this company has a lower cost of product (37.8%)

92.5% - Meter Fit (north West) Limited

37.8% - Industry AVG

profitability

Profitability

an operating margin of 89.1% make it more profitable than the average company (5.7%)

89.1% - Meter Fit (north West) Limited

5.7% - Industry AVG

employees

Employees

with 49 employees, this is above the industry average (26)

49 - Meter Fit (north West) Limited

26 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Meter Fit (north West) Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £166.8k, this is equally as efficient (£167.6k)

£166.8k - Meter Fit (north West) Limited

£167.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 14 days, this is earlier than average (41 days)

14 days - Meter Fit (north West) Limited

41 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Meter Fit (north West) Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Meter Fit (north West) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (23 weeks)

3 weeks - Meter Fit (north West) Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 135.1%, this is a higher level of debt than the average (62%)

135.1% - Meter Fit (north West) Limited

62% - Industry AVG

METER FIT (NORTH WEST) LIMITED financials

EXPORTms excel logo

Meter Fit (North West) Limited's latest turnover from December 2023 is £8.2 million and the company has net assets of -£1.4 million. According to their latest financial statements, we estimate that Meter Fit (North West) Limited has 49 employees and maintains cash reserves of £339 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Mar 2011Mar 2010
Turnover8,172,0009,079,00010,104,00011,323,00012,587,00014,841,00017,515,00020,746,00022,950,00024,508,00026,735,00027,837,00021,748,00029,515,00028,632,000
Other Income Or Grants000000000000000
Cost Of Sales615,000835,0001,106,0001,121,0003,816,0003,573,0006,438,0007,302,0008,688,0009,253,00010,612,00013,137,0008,647,00012,701,00014,125,000
Gross Profit7,557,0008,244,0008,998,00010,202,0008,771,00011,268,00011,077,00013,444,00014,262,00015,255,00016,123,00014,700,00013,101,00016,814,00014,507,000
Admin Expenses274,000149,000688,000438,000435,000624,000360,000485,000497,000600,000662,0001,090,000461,0002,880,000914,000
Operating Profit7,283,0008,095,0008,310,0009,764,0008,336,00010,644,00010,717,00012,959,00013,765,00014,655,00015,461,00013,610,00012,640,00013,934,00013,593,000
Interest Payable2,00000060,0001,787,0002,405,0005,980,0004,777,0005,968,0006,790,0007,166,0007,487,0009,804,0008,508,000
Interest Receivable151,000213,000246,000273,000257,000893,0002,612,0002,822,000282,00022,00018,00027,00022,00025,00094,000
Pre-Tax Profit7,432,0008,308,0008,556,00010,037,0008,533,0009,750,00010,924,0009,801,0009,270,0006,858,0008,689,0006,471,0002,632,0004,155,0005,179,000
Tax-1,917,000-1,376,000-1,680,000-2,144,000-409,000-1,038,000-1,202,000113,000-742,0002,941,000-1,189,000-1,319,000-287,000-1,368,000-386,000
Profit After Tax5,515,0006,932,0006,876,0007,893,0008,124,0008,712,0009,722,0009,914,0008,528,0009,799,0007,500,0005,152,0002,345,0002,787,0004,793,000
Dividends Paid8,326,0008,939,00010,763,00012,099,00011,574,0003,452,0007,769,0007,148,0002,272,00010,300,00010,965,0006,558,000000
Retained Profit-2,811,000-2,007,000-3,887,000-4,206,000-3,450,0005,260,0001,953,0002,766,0006,256,000-501,000-3,465,000-1,406,0002,345,0002,787,0004,793,000
Employee Costs00000006,114,8976,416,9650053,00041,00078,00099,000
Number Of Employees495871808541241461541651803222
EBITDA*8,243,0009,236,0009,701,00011,498,00013,014,00016,593,00018,111,00022,156,00021,731,00023,335,00024,793,00023,457,00020,298,00024,541,00023,955,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Mar 2011Mar 2010
Tangible Assets1,178,0002,298,0003,774,0005,632,0007,973,00014,234,00023,199,00035,999,00050,623,00062,748,00075,634,00089,627,000104,126,000114,463,000121,619,000
Intangible Assets000000000000000
Investments & Other34,00000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets1,212,0002,298,0003,774,0005,632,0007,973,00014,234,00023,199,00035,999,00050,623,00062,748,00075,634,00089,627,000104,126,000114,463,000121,619,000
Stock & work in progress000000000000000
Trade Debtors318,000296,000198,000684,0001,653,0001,980,0002,184,0002,703,0002,915,0002,388,0003,177,0002,755,0002,201,0002,332,0004,469,000
Group Debtors1,372,000992,0001,883,0001,660,000724,000000053,00000000
Misc Debtors641,000694,0000281,000920,0002,642,000895,0003,127,0001,588,0001,874,0002,448,0002,603,0002,409,0002,731,0002,126,000
Cash339,000578,000983,000762,000932,000599,0001,474,0004,473,0001,914,0002,632,0003,711,0002,426,0002,637,0009,406,0009,320,000
misc current assets2,00000000000000000
total current assets2,672,0002,560,0003,064,0003,387,0004,229,0005,221,0004,553,00010,303,0006,417,0006,947,0009,336,0007,784,0007,247,00014,469,00015,915,000
total assets3,884,0004,858,0006,838,0009,019,00012,202,00019,455,00027,752,00046,302,00057,040,00069,695,00084,970,00097,411,000111,373,000128,932,000137,534,000
Bank overdraft000000000000000
Bank loan0000006,149,00010,807,0008,528,0008,971,0009,113,0009,074,0009,136,0008,873,0009,490,000
Trade Creditors 0000000016,00000019,000160,0002,123,000
Group/Directors Accounts000003,023,00000087,000116,0000007,853,000
other short term finances0000000004,829,0006,487,0006,558,0006,530,0006,159,0000
hp & lease commitments000000000000000
other current liabilities5,225,0003,294,0003,157,0001,427,000391,000758,000873,0001,354,0001,432,0001,184,0001,468,0001,572,0002,010,0003,868,0003,629,000
total current liabilities5,225,0003,294,0003,157,0001,427,000391,0003,781,0007,022,00012,161,0009,976,00015,071,00017,184,00017,204,00017,695,00019,060,00023,095,000
loans00000011,448,00027,757,00044,928,00050,368,00062,011,00072,155,00085,539,000104,365,000113,087,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00000000010,251,00000000
provisions24,000118,000228,000252,000265,000678,000553,000441,000341,00004,549,0003,360,0002,041,0001,754,000386,000
total long term liabilities24,000118,000228,000252,000265,000678,00012,001,00028,198,00045,269,00060,619,00066,560,00075,515,00087,580,000106,119,000113,473,000
total liabilities5,249,0003,412,0003,385,0001,679,000656,0004,459,00019,023,00040,359,00055,245,00075,690,00083,744,00092,719,000105,275,000125,179,000136,568,000
net assets-1,365,0001,446,0003,453,0007,340,00011,546,00014,996,0008,729,0005,943,0001,795,000-5,995,0001,226,0004,692,0006,098,0003,753,000966,000
total shareholders funds-1,365,0001,446,0003,453,0007,340,00011,546,00014,996,0008,729,0005,943,0001,795,000-5,995,0001,226,0004,692,0006,098,0003,753,000966,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Mar 2011Mar 2010
Operating Activities
Operating Profit7,283,0008,095,0008,310,0009,764,0008,336,00010,644,00010,717,00012,959,00013,765,00014,655,00015,461,00013,610,00012,640,00013,934,00013,593,000
Depreciation960,0001,141,0001,391,0001,734,0004,678,0005,949,0007,394,0009,197,0007,966,0008,680,0009,332,0009,847,0007,658,00010,607,00010,362,000
Amortisation000000000000000
Tax-1,917,000-1,376,000-1,680,000-2,144,000-409,000-1,038,000-1,202,000113,000-742,0002,941,000-1,189,000-1,319,000-287,000-1,368,000-386,000
Stock000000000000000
Debtors349,000-99,000-544,000-672,000-1,325,0001,543,000-2,751,0001,327,000188,000-1,310,000267,000748,000-1,985,000-1,532,0006,595,000
Creditors0000000-16,00016,00000-19,000-2,104,000-1,963,0002,123,000
Accruals and Deferred Income1,931,000137,0001,730,0001,036,000-367,000-115,000-481,000-78,000248,000-284,000-104,000-438,000-1,619,000239,0003,629,000
Deferred Taxes & Provisions-94,000-110,000-24,000-13,000-413,000125,000112,000100,000341,000-4,549,0001,189,0001,319,0001,655,0001,368,000386,000
Cash flow from operations7,814,0007,986,00010,271,00011,049,00013,150,00014,022,00019,291,00020,948,00021,406,00022,753,00024,422,00022,252,00019,928,00024,349,00023,112,000
Investing Activities
capital expenditure160,000335,000467,000607,0001,583,0003,016,0005,406,0005,427,00004,206,0004,661,0004,652,0009,835,000-3,451,000-131,981,000
Change in Investments34,00000000000000000
cash flow from investments126,000335,000467,000607,0001,583,0003,016,0005,406,0005,427,00004,206,0004,661,0004,652,0009,835,000-3,451,000-131,981,000
Financing Activities
Bank loans00000-6,149,000-4,658,0002,279,000-443,000-142,00039,000-62,000-354,000-617,0009,490,000
Group/Directors Accounts0000-3,023,0003,023,00000-87,000-29,000116,0000-7,853,000-7,853,0007,853,000
Other Short Term Loans 00000000-4,829,000-1,658,000-71,00028,0006,530,0006,159,0000
Long term loans00000-11,448,000-16,309,000-17,171,000-5,440,000-11,643,000-10,144,000-13,384,000-27,548,000-8,722,000113,087,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities00000000-10,251,00010,251,00000000
share issue000001,007,000833,0001,382,0001,534,000-6,720,000-1,00002,787,0000-3,827,000
interest149,000213,000246,000273,000197,000-894,000207,000-3,158,000-4,495,000-5,946,000-6,772,000-7,139,000-7,465,000-9,779,000-8,414,000
cash flow from financing149,000213,000246,000273,000-2,826,000-14,461,000-19,927,000-16,668,000-24,011,000-15,887,000-16,833,000-20,557,000-33,903,000-20,812,000118,189,000
cash and cash equivalents
cash-239,000-405,000221,000-170,000333,000-875,000-2,999,0002,559,000-718,000-1,079,0001,285,000-211,000-6,683,00086,0009,320,000
overdraft000000000000000
change in cash-239,000-405,000221,000-170,000333,000-875,000-2,999,0002,559,000-718,000-1,079,0001,285,000-211,000-6,683,00086,0009,320,000

meter fit (north west) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for meter fit (north west) limited. Get real-time insights into meter fit (north west) limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Meter Fit (north West) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for meter fit (north west) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in M 2 area or any other competitors across 12 key performance metrics.

meter fit (north west) limited Ownership

METER FIT (NORTH WEST) LIMITED group structure

Meter Fit (North West) Limited has no subsidiary companies.

Ultimate parent company

CALISEN MIDCO II LTD

#0140215

2 parents

METER FIT (NORTH WEST) LIMITED

04345746

METER FIT (NORTH WEST) LIMITED Shareholders

meter serve (holdco 2) limited 100%

meter fit (north west) limited directors

Meter Fit (North West) Limited currently has 7 directors. The longest serving directors include Mr Sean Latus (Jun 2015) and Mrs Sarah Blackburn (May 2018).

officercountryagestartendrole
Mr Sean LatusUnited Kingdom55 years Jun 2015- Director
Mrs Sarah BlackburnEngland44 years May 2018- Director
Mr David Taylor49 years Aug 2021- Director
Mr Matthew BatemanUnited Kingdom56 years Nov 2022- Director
Mr Brandon RennetUnited Kingdom52 years Jan 2023- Director
Mrs Sandeep JohalEngland47 years Jan 2024- Director
Ms Kimberley RatcliffeEngland45 years Jun 2024- Director

P&L

December 2023

turnover

8.2m

-10%

operating profit

7.3m

-10%

gross margin

92.5%

+1.84%

turnover

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

Balance Sheet

December 2023

net assets

-1.4m

-1.94%

total assets

3.9m

-0.2%

cash

339k

-0.41%

net assets

Total assets minus all liabilities

meter fit (north west) limited company details

company number

04345746

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

December 2001

age

23

incorporated

UK

ultimate parent company

CALISEN MIDCO II LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

ever 1677 limited (May 2002)

accountant

-

auditor

KPMG LLP

address

5th floor 1 marsden street, manchester, M2 1HW

Bank

HSBC BANK PLC

Legal Advisor

-

meter fit (north west) 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 7 charges/mortgages relating to meter fit (north west) limited. Currently there are 2 open charges and 5 have been satisfied in the past.

charges

meter fit (north west) limited Companies House Filings - See Documents

datedescriptionview/download