independent meters limited
independent meters limited Company Information
Company Number
05041663
Website
www.independentmeters.co.ukRegistered Address
synergy house windmill avenue, woolpit, bury st. edmunds, IP30 9UP
Industry
Other business support service activities n.e.c.
Telephone
08000326990
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
inexus group (holdings) ltd 100%
independent meters limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT METERS LIMITED at £3.9m based on a Turnover of £4.6m and 0.85x industry multiple (adjusted for size and gross margin).
independent meters limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT METERS LIMITED at £26.7m based on an EBITDA of £4.1m and a 6.43x industry multiple (adjusted for size and gross margin).
independent meters limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT METERS LIMITED at £17.9m based on Net Assets of £7.7m and 2.31x industry multiple (adjusted for liquidity).
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Independent Meters Limited Overview
Independent Meters Limited is a live company located in bury st. edmunds, IP30 9UP with a Companies House number of 05041663. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2004, it's largest shareholder is inexus group (holdings) ltd with a 100% stake. Independent Meters Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with declining growth in recent years.
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Independent Meters Limited Health Check
Pomanda's financial health check has awarded Independent Meters Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
2 Weak
Size
annual sales of £4.6m, make it larger than the average company (£3.7m)
£4.6m - Independent Meters Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (3%)
-14% - Independent Meters Limited
3% - Industry AVG
Production
with a gross margin of 69.3%, this company has a lower cost of product (38.9%)
69.3% - Independent Meters Limited
38.9% - Industry AVG
Profitability
an operating margin of 60.1% make it more profitable than the average company (6.3%)
60.1% - Independent Meters Limited
6.3% - Industry AVG
Employees
with 29 employees, this is similar to the industry average (25)
- Independent Meters Limited
25 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Independent Meters Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £157.4k, this is equally as efficient (£157.8k)
- Independent Meters Limited
£157.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Independent Meters Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Independent Meters Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Independent Meters Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - Independent Meters Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.6%, this is a lower level of debt than the average (63.6%)
40.6% - Independent Meters Limited
63.6% - Industry AVG
independent meters limited Credit Report and Business Information
Independent Meters Limited Competitor Analysis
Perform a competitor analysis for independent meters limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
independent meters limited Ownership
INDEPENDENT METERS LIMITED group structure
Independent Meters Limited has no subsidiary companies.
Ultimate parent company
BROOKFIELD CORP
#0153040
2 parents
INDEPENDENT METERS LIMITED
05041663
independent meters limited directors
Independent Meters Limited currently has 3 directors. The longest serving directors include Mr Clive Linsdell (Jan 2013) and Mr Richard Brett (Jul 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Clive Linsdell | 62 years | Jan 2013 | - | Director | |
| Mr Richard Brett | England | 38 years | Jul 2023 | - | Director |
| Mr John Trounson | England | 57 years | Dec 2023 | - | Director |
INDEPENDENT METERS LIMITED financials
Independent Meters Limited's latest turnover from December 2022 is £4.6 million and the company has net assets of £7.7 million. According to their latest financial statements, we estimate that Independent Meters Limited has 29 employees and maintains cash reserves of £35 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,563,717 | 5,121,940 | 5,902,690 | 7,261,829 | 7,275,663 | 7,066,439 | 5,601,109 | 4,322,885 | 4,176,969 | 3,949,536 | 1,841,379 | 3,605,176 | 3,457,118 | 3,148,421 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,403,394 | 1,458,059 | 1,512,183 | 1,577,546 | 1,652,747 | 109,938 | 138,728 | 35,615 | 27,987 | 281,172 | 140,104 | 274,394 | 250,337 | 228,909 |
| Gross Profit | 3,160,323 | 3,663,881 | 4,390,507 | 5,684,283 | 5,622,916 | 6,956,501 | 5,462,381 | 4,287,270 | 4,148,982 | 3,668,364 | 1,701,275 | 3,330,782 | 3,206,781 | 2,919,512 |
| Admin Expenses | 416,900 | 508,308 | 553,111 | 916,731 | 937,391 | 2,313,333 | 1,903,082 | 1,811,182 | 1,839,112 | 1,778,665 | 792,689 | 1,541,644 | 1,460,129 | 1,329,095 |
| Operating Profit | 2,743,423 | 3,155,573 | 3,837,396 | 4,767,552 | 4,685,525 | 4,643,168 | 3,559,299 | 2,476,088 | 2,309,870 | 1,889,699 | 908,586 | 1,789,138 | 1,746,652 | 1,590,417 |
| Interest Payable | 97,645 | 106,797 | 16,101 | 140,494 | 372,320 | 672,840 | 997,623 | 1,289,926 | 1,847,256 | 1,755,285 | 957,538 | 1,835,818 | 1,406,917 | 1,076,771 |
| Interest Receivable | 0 | 0 | 52,024 | 0 | 0 | 123,107 | 141,027 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 2,645,778 | 3,048,776 | 3,873,319 | 4,627,058 | 4,313,205 | 4,093,435 | 2,702,703 | 1,186,162 | 462,614 | 134,414 | -48,952 | -46,680 | 339,735 | 513,646 |
| Tax | -444,016 | -626,537 | -699,854 | -813,578 | -718,730 | -900,184 | -440,303 | -508,272 | -127,049 | -321,582 | -65,760 | -119,551 | -194,456 | -143,821 |
| Profit After Tax | 2,201,762 | 2,422,239 | 3,173,465 | 3,813,480 | 3,594,475 | 3,193,251 | 2,262,400 | 677,890 | 335,565 | -187,168 | -114,712 | -166,231 | 145,279 | 369,825 |
| Dividends Paid | 2,500,000 | 3,000,000 | 11,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -298,238 | -577,761 | -8,326,535 | 3,813,480 | 3,594,475 | 3,193,251 | 2,262,400 | 677,890 | 335,565 | -187,168 | -114,712 | -166,231 | 145,279 | 369,825 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | ||||||||||||||
| EBITDA* | 4,146,817 | 4,613,632 | 5,349,579 | 6,345,060 | 6,338,272 | 6,350,573 | 5,267,405 | 4,162,894 | 3,972,274 | 3,511,333 | 1,701,275 | 3,330,781 | 3,206,781 | 2,919,512 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,622,468 | 9,874,350 | 11,638,064 | 13,483,885 | 15,648,701 | 17,806,949 | 19,788,447 | 21,171,671 | 22,354,227 | 23,343,383 | 24,335,304 | 24,322,901 | 24,654,775 | 23,968,106 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 47,551 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 12,670,019 | 9,874,350 | 11,638,064 | 13,483,885 | 15,648,701 | 17,806,949 | 19,788,447 | 21,171,671 | 22,354,227 | 23,343,383 | 24,335,304 | 24,322,901 | 24,654,775 | 23,968,106 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 523,217 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,374,870 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 317,128 | 1,206,596 | 734,744 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 353,380 | 395,301 | 515,723 | 752,706 | 1,387,155 | 2,258,999 | 1,378,600 | 2,737,649 | 2,632,222 | 2,251,382 | 2,094,235 | 1,968,477 | 1,699,216 | 0 |
| Cash | 35 | 0 | 0 | 0 | 0 | 0 | 8 | 908 | 78 | 0 | 10,000 | 10,000 | 10,001 | 101 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 353,415 | 395,301 | 515,723 | 752,706 | 1,387,155 | 2,576,127 | 2,585,204 | 3,473,301 | 2,632,300 | 2,251,382 | 2,104,235 | 1,978,477 | 1,709,217 | 1,374,971 |
| total assets | 13,023,434 | 10,269,651 | 12,153,787 | 14,236,591 | 17,035,856 | 20,383,076 | 22,373,651 | 24,644,972 | 24,986,527 | 25,594,765 | 26,439,539 | 26,301,378 | 26,363,992 | 25,343,077 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,283,020 |
| Group/Directors Accounts | 4,181,338 | 5,362,705 | 6,866,036 | 622,305 | 7,235,050 | 14,176,745 | 19,360,571 | 23,894,292 | 24,913,737 | 25,857,540 | 26,515,146 | 26,262,273 | 26,158,656 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 4,181,338 | 5,362,705 | 6,866,036 | 622,305 | 7,235,050 | 14,176,745 | 19,360,571 | 23,894,292 | 24,913,737 | 25,857,540 | 26,515,146 | 26,262,273 | 26,158,656 | 25,283,020 |
| loans | 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 |
| 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 | 1,107,586 | 196,956 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,107,586 | 196,956 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 5,288,924 | 5,559,661 | 6,866,036 | 622,305 | 7,235,050 | 14,176,745 | 19,360,571 | 23,894,292 | 24,913,737 | 25,857,540 | 26,515,146 | 26,262,273 | 26,158,656 | 25,283,020 |
| net assets | 7,734,510 | 4,709,990 | 5,287,751 | 13,614,286 | 9,800,806 | 6,206,331 | 3,013,080 | 750,680 | 72,790 | -262,775 | -75,607 | 39,105 | 205,336 | 60,057 |
| total shareholders funds | 7,734,510 | 4,709,990 | 5,287,751 | 13,614,286 | 9,800,806 | 6,206,331 | 3,013,080 | 750,680 | 72,790 | -262,775 | -75,607 | 39,105 | 205,336 | 60,057 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 2,743,423 | 3,155,573 | 3,837,396 | 4,767,552 | 4,685,525 | 4,643,168 | 3,559,299 | 2,476,088 | 2,309,870 | 1,889,699 | 908,586 | 1,789,138 | 1,746,652 | 1,590,417 |
| Depreciation | 1,403,394 | 1,458,059 | 1,512,183 | 1,577,508 | 1,652,747 | 1,707,405 | 1,708,106 | 1,686,806 | 1,662,404 | 1,621,634 | 792,689 | 1,541,643 | 1,460,129 | 1,329,095 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -444,016 | -626,537 | -699,854 | -813,578 | -718,730 | -900,184 | -440,303 | -508,272 | -127,049 | -321,582 | -65,760 | -119,551 | -194,456 | -143,821 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5,630 | -120,422 | -236,983 | -634,449 | -1,188,972 | -9,069 | -887,197 | 840,171 | 380,840 | 157,147 | 395,019 | 269,261 | 324,346 | 1,374,870 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,283,020 | 25,283,020 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 910,630 | 196,956 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 4,607,801 | 4,304,473 | 4,886,708 | 6,165,931 | 6,808,514 | 5,459,458 | 5,714,299 | 2,814,451 | 3,464,385 | 3,032,604 | 1,240,496 | 2,941,969 | -22,595,041 | 26,683,841 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | -1,181,367 | -1,503,331 | 6,243,731 | -6,612,745 | -6,941,695 | -5,183,826 | -4,533,721 | -1,019,445 | -943,803 | -657,606 | 356,490 | 103,617 | 26,158,656 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | ||||||||||||||
| interest | -97,645 | -106,797 | 35,923 | -140,494 | -372,320 | -549,733 | -856,596 | -1,289,926 | -1,847,256 | -1,755,285 | -957,538 | -1,835,818 | -1,406,917 | -1,076,771 |
| cash flow from financing | 2,043,746 | -1,610,128 | 6,279,654 | -6,753,239 | -7,314,015 | -5,733,559 | -5,390,317 | -2,309,371 | -2,791,059 | -2,412,891 | -767,279 | -1,732,201 | 24,751,739 | -1,386,539 |
| cash and cash equivalents | ||||||||||||||
| cash | 35 | 0 | 0 | 0 | 0 | -8 | -900 | 830 | 78 | -10,000 | -1 | -1 | 9,900 | 101 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 35 | 0 | 0 | 0 | 0 | -8 | -900 | 830 | 78 | -10,000 | -1 | -1 | 9,900 | 101 |
P&L
December 2022turnover
4.6m
-11%
operating profit
2.7m
-13%
gross margin
69.3%
-3.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
7.7m
+0.64%
total assets
13m
+0.27%
cash
35
0%
net assets
Total assets minus all liabilities
independent meters limited company details
company number
05041663
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2004
age
20
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
synergy house windmill avenue, woolpit, bury st. edmunds, IP30 9UP
last accounts submitted
December 2022
independent meters 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 3 charges/mortgages relating to independent meters limited. Currently there are 1 open charges and 2 have been satisfied in the past.
independent meters limited Companies House Filings - See Documents
| date | description | view/download |
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