Meaco (u.k.) Limited

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meaco (u.k.) limited Company Information

Live

MatureLargeRapid

Company Number

05000418

Website

www.meaco.com

Registered Address

meaco house parklands, railton road, guildford, surrey, GU2 9JX

Industry

Other retail sale not in stores, stalls or markets

Telephone

01483234900

Next Accounts Due

December 2024

Group Structure

View All

Directors

Michelle Michael20 Years

Christopher Michael20 Years

Shareholders

meaco holdings limited 100%

meaco (u.k.) limited Estimated Valuation

£58.5m

Pomanda estimates the enterprise value of MEACO (U.K.) LIMITED at £58.5m based on an EBITDA of £9.2m and a 6.34x industry multiple (adjusted for size and gross margin).

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Meaco (u.k.) Limited is a live company located in guildford, GU2 9JX with a Companies House number of 05000418. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in December 2003, it's largest shareholder is meaco holdings limited with a 100% stake. Meaco (u.k.) Limited is a mature, large sized company, Pomanda has estimated its turnover at £31.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Meaco (U.K.) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

9 Strong

2 Regular

1 Weak

Size

annual sales of £31.9m, make it larger than the average company (£878.4k)

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (4.4%)

EXPORT

Meaco (U.K.) Limited's latest turnover from March 2023 is £31.9 million and the company has net assets of £18.5 million. According to their latest financial statements, Meaco (U.K.) Limited has 19 employees and maintains cash reserves of £9 million 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	Mar 2012	Mar 2011	Mar 2010
Turnover	31,946,410	28,278,430	25,011,664	13,337,730	3,527,486	2,441,141	4,839,982	2,493,000	2,689,415	2,916,902	1,889,126	1,943,123	723,075	1,245,478
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	17,690,333	17,872,064	15,832,849	8,909,169	2,324,052	1,621,789	3,114,100	1,621,521	1,760,206	1,924,336	1,247,816	1,267,610	462,958	812,376
Gross Profit	14,256,077	10,406,366	9,178,815	4,428,561	1,203,434	819,352	1,725,883	871,480	929,209	992,566	641,310	675,513	260,117	433,102
Admin Expenses	5,042,347	7,797,331	2,998,145	2,282,275	1,123,865	-26,906	1,048,614	203,959	474,853	610,618	437,295	621,103	255,783	-39,003
Operating Profit	9,213,730	2,609,035	6,180,670	2,146,286	79,569	846,258	677,269	667,521	454,356	381,948	204,015	54,410	4,334	472,105
Interest Payable	343	8,798	966	0	1,573	15,277	26,302	23,839	17,906	15,349	18,040	18,960	18,321	9,457
Interest Receivable	17,906	9,876	8,013	5,088	10,693	5,203	1,722	3,008	1,357	755	624	245	0	0
Pre-Tax Profit	9,231,293	2,610,113	6,187,717	2,151,374	88,689	836,184	652,689	646,690	437,808	367,355	186,599	35,695	-13,987	462,649
Tax	-1,754,533	-469,512	-1,162,313	-391,705	-16,851	-158,875	-130,538	-129,338	-91,940	-84,492	-44,784	-9,281	0	-129,542
Profit After Tax	7,476,760	2,140,601	5,025,404	1,759,669	71,838	677,309	522,151	517,352	345,868	282,863	141,815	26,414	-13,987	333,107
Dividends Paid	198,000	188,581	208,526	201,000	0	0	0	0	0	0	0	0	0	0
Retained Profit	7,278,760	1,952,020	4,816,878	1,558,669	71,838	677,309	522,151	517,352	345,868	282,863	141,815	26,414	-13,987	333,107
Employee Costs	470,352	543,965	467,613	409,672	226,819	220,741	157,435	362,026	365,091	408,150	286,765	234,015	116,419	215,153
Number Of Employees	19	16	13	10	7	7	5	11	11	13	9	8	4	7
EBITDA*	9,229,160	2,628,239	6,196,701	2,155,916	81,894	852,686	683,995	674,608	458,448	386,040	208,107	58,502	8,426	476,197

* 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	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	30,340	31,874	39,370	38,135	17,724	3,808	251,739	258,465	259,232	260,924	265,016	269,108	273,200	277,292
Intangible Assets	20,595	27,460	36,613	6,407	2,625	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	50,935	59,334	75,983	44,542	20,349	3,808	251,739	258,465	259,232	260,924	265,016	269,108	273,200	277,292
Stock & work in progress	6,171,662	7,814,612	5,694,288	1,706,164	2,046,617	1,423,908	3,004,128	1,605,018	845,456	481,336	537,761	484,073	187,234	234,533
Trade Debtors	3,004,839	2,977,647	2,567,848	1,505,900	587,225	372,293	223,855	169,006	354,601	414,211	164,471	135,931	94,627	173,201
Group Debtors	10,930,570	798,330	15,772	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	10,575,312	2,423,868	5,124,250	3,462,890	44,979	70,285	73,157	0	148,071	164,726	1,813	49,083	104,206	71,668
Cash	8,992,328	5,466,170	6,617,198	3,683,278	1,337,055	1,514,404	566,635	811,098	392,160	150,616	151,577	97,908	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	39,674,711	19,480,627	20,019,356	10,358,232	4,015,876	3,380,890	3,867,775	2,585,122	1,740,288	1,210,889	855,622	766,995	386,067	479,402
total assets	39,725,646	19,539,961	20,095,339	10,402,774	4,036,225	3,384,698	4,119,514	2,843,587	1,999,520	1,471,813	1,120,638	1,036,103	659,267	756,694
Bank overdraft	0	0	0	0	119	0	140,635	0	40,589	70,286	61,818	61,818	100,214	103,810
Bank loan	0	0	0	0	7,750	31,000	97,834	117,952	0	0	0	0	0	0
Trade Creditors	15,966,388	5,786,183	6,492,751	4,621,417	82,026	43,776	990,459	78,040	102,031	268,127	298,396	357,370	22,501	83,705
Group/Directors Accounts	0	6,054	0	0	0	0	0	0	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	4,257,612	1,475,979	3,307,591	770,684	1,041,500	469,181	542,075	721,640	458,171	205,565	90,329	22,475	44,785	48,810
total current liabilities	20,224,000	7,268,216	9,800,342	5,392,101	1,131,395	543,957	1,771,003	917,632	600,791	543,978	450,543	441,663	167,500	236,325
loans	0	0	0	0	0	7,749	192,828	292,423	282,549	157,523	182,646	248,806	172,547	187,162
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	990,489	1,039,348	1,014,620	547,174	0	0	0	0	0	0	0	0	0	0
total long term liabilities	990,489	1,039,348	1,014,620	547,174	0	7,749	192,828	292,423	282,549	157,523	182,646	248,806	172,547	187,162
total liabilities	21,214,489	8,307,564	10,814,962	5,939,275	1,131,395	551,706	1,963,831	1,210,055	883,340	701,501	633,189	690,469	340,047	423,487
net assets	18,511,157	11,232,397	9,280,377	4,463,499	2,904,830	2,832,992	2,155,683	1,633,532	1,116,180	770,312	487,449	345,634	319,220	333,207
total shareholders funds	18,511,157	11,232,397	9,280,377	4,463,499	2,904,830	2,832,992	2,155,683	1,633,532	1,116,180	770,312	487,449	345,634	319,220	333,207

	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	9,213,730	2,609,035	6,180,670	2,146,286	79,569	846,258	677,269	667,521	454,356	381,948	204,015	54,410	4,334	472,105
Depreciation	8,565	10,051	10,794	8,899	1,950	6,428	6,726	7,087	4,092	4,092	4,092	4,092	4,092	4,092
Amortisation	6,865	9,153	5,237	731	375	0	0	0	0	0	0	0	0	0
Tax	-1,754,533	-469,512	-1,162,313	-391,705	-16,851	-158,875	-130,538	-129,338	-91,940	-84,492	-44,784	-9,281	0	-129,542
Stock	-1,642,950	2,120,324	3,988,124	-340,453	622,709	-1,580,220	1,399,110	759,562	364,120	-56,425	53,688	296,839	-47,299	234,533
Debtors	18,310,876	-1,508,025	2,739,080	4,336,586	189,626	145,566	128,006	-333,666	-76,265	412,653	-18,730	-13,819	-46,036	244,869
Creditors	10,180,205	-706,568	1,871,334	4,539,391	38,250	-946,683	912,419	-23,991	-166,096	-30,269	-58,974	334,869	-61,204	83,705
Accruals and Deferred Income	2,781,633	-1,831,612	2,536,907	-270,816	572,319	-72,894	-179,565	263,469	252,606	115,236	67,854	-22,310	-4,025	48,810
Deferred Taxes & Provisions	-48,859	24,728	467,446	547,174	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	3,719,680	-967,024	3,182,871	2,583,827	-136,723	1,108,888	-240,805	358,852	165,163	30,287	137,245	78,760	36,532	-232
Investing Activities
capital expenditure	-7,031	-2,555	-47,472	0	-18,866	241,503	0	-6,320	-2,400	0	0	0	0	-281,384
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-7,031	-2,555	-47,472	0	-18,866	241,503	0	-6,320	-2,400	0	0	0	0	-281,384
Financing Activities
Bank loans	0	0	0	-7,750	-23,250	-66,834	-20,118	117,952	0	0	0	0	0	0
Group/Directors Accounts	-6,054	6,054	0	0	0	0	0	0	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	-7,749	-185,079	-99,595	9,874	125,026	-25,123	-66,160	76,259	-14,615	187,162
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	100
interest	17,563	1,078	7,047	5,088	9,120	-10,074	-24,580	-20,831	-16,549	-14,594	-17,416	-18,715	-18,321	-9,457
cash flow from financing	11,509	7,132	7,047	-2,662	-21,879	-261,987	-144,293	106,995	108,477	-39,717	-83,576	57,544	-32,936	177,805
cash and cash equivalents
cash	3,526,158	-1,151,028	2,933,920	2,346,223	-177,349	947,769	-244,463	418,938	241,544	-961	53,669	97,908	0	0
overdraft	0	0	0	-119	119	-140,635	140,635	-40,589	-29,697	8,468	0	-38,396	-3,596	103,810
change in cash	3,526,158	-1,151,028	2,933,920	2,346,342	-177,468	1,088,404	-385,098	459,527	271,241	-9,429	53,669	136,304	3,596	-103,810

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEACO (U.K.) LIMITED group structure

Meaco (U.K.) Limited has no subsidiary companies.

Ultimate parent company

MEACO (U.K.) LIMITED

05000418

MEACO (U.K.) LIMITED Shareholders

meaco holdings limited

100%

Meaco (U.K.) Limited currently has 2 directors. The longest serving directors include Mrs Michelle Michael (Dec 2003) and Mr Christopher Michael (Dec 2003).

officer	country	age	start	end	role
Mrs Michelle Michael		54 years	Dec 2003	-	Director
Mr Christopher Michael		55 years	Dec 2003	-	Director

P&L

March 2023

turnover

31.9m

+13%

operating profit

9.2m

+253%

gross margin

44.7%

+21.26%

turnover

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

Balance Sheet

March 2023

net assets

18.5m

+0.65%

total assets

39.7m

+1.03%

cash

+0.65%

net assets

Total assets minus all liabilities

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company number

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Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

December 2003

age

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

meaco house parklands, railton road, guildford, surrey, GU2 9JX

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 found 3 charges/mortgages relating to meaco (u.k.) limited. Currently there are 1 open charges and 2 have been satisfied in the past.

meaco (u.k.) limited Company Information

meaco (u.k.) limited Estimated Valuation

meaco (u.k.) limited Estimated Valuation

meaco (u.k.) limited Estimated Valuation

Meaco (u.k.) Limited Overview

Meaco (u.k.) Limited Health Check

MEACO (U.K.) LIMITED financials

meaco (u.k.) limited Credit Report and Business Information

Meaco (u.k.) Limited Competitor Analysis

meaco (u.k.) limited Ownership

meaco (u.k.) limited directors

meaco (u.k.) limited company details

meaco (u.k.) limited Charges & Mortgages

meaco (u.k.) limited Companies House Filings - See Documents