m.e.k. developments ltd.
m.e.k. developments ltd. Company Information
Company Number
05349988
Next Accounts
Nov 2025
Industry
Development of building projects
Shareholders
mark ernest albert prior
marie prior
Group Structure
View All
Contact
Registered Address
20 eastwood, chatteris, PE16 6RU
Website
-m.e.k. developments ltd. Estimated Valuation
Pomanda estimates the enterprise value of M.E.K. DEVELOPMENTS LTD. at £71.5k based on a Turnover of £190.8k and 0.37x industry multiple (adjusted for size and gross margin).
m.e.k. developments ltd. Estimated Valuation
Pomanda estimates the enterprise value of M.E.K. DEVELOPMENTS LTD. at £18.3k based on an EBITDA of £7k and a 2.63x industry multiple (adjusted for size and gross margin).
m.e.k. developments ltd. Estimated Valuation
Pomanda estimates the enterprise value of M.E.K. DEVELOPMENTS LTD. at £95.4k based on Net Assets of £61.3k and 1.56x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
M.e.k. Developments Ltd. Overview
M.e.k. Developments Ltd. is a live company located in chatteris, PE16 6RU with a Companies House number of 05349988. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2005, it's largest shareholder is mark ernest albert prior with a 50% stake. M.e.k. Developments Ltd. is a established, micro sized company, Pomanda has estimated its turnover at £190.8k with low growth in recent years.
Upgrade for unlimited company reports & a free credit check
M.e.k. Developments Ltd. Health Check
Pomanda's financial health check has awarded M.E.K. Developments Ltd. a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £190.8k, make it smaller than the average company (£2.3m)
- M.e.k. Developments Ltd.
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.3%)
- M.e.k. Developments Ltd.
5.3% - Industry AVG
Production
with a gross margin of 9.3%, this company has a higher cost of product (25.2%)
- M.e.k. Developments Ltd.
25.2% - Industry AVG
Profitability
an operating margin of 3.7% make it less profitable than the average company (7.4%)
- M.e.k. Developments Ltd.
7.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - M.e.k. Developments Ltd.
6 - Industry AVG
Pay Structure
on an average salary of £48k, the company has an equivalent pay structure (£48k)
- M.e.k. Developments Ltd.
£48k - Industry AVG
Efficiency
resulting in sales per employee of £95.4k, this is less efficient (£283.5k)
- M.e.k. Developments Ltd.
£283.5k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (27 days)
- M.e.k. Developments Ltd.
27 days - Industry AVG
Creditor Days
its suppliers are paid after 179 days, this is slower than average (31 days)
- M.e.k. Developments Ltd.
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- M.e.k. Developments Ltd.
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - M.e.k. Developments Ltd.
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.9%, this is a similar level of debt than the average (73.2%)
73.9% - M.e.k. Developments Ltd.
73.2% - Industry AVG
M.E.K. DEVELOPMENTS LTD. financials
M.E.K. Developments Ltd.'s latest turnover from February 2024 is estimated at £190.8 thousand and the company has net assets of £61.3 thousand. According to their latest financial statements, M.E.K. Developments Ltd. has 2 employees and maintains cash reserves of 0 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 | 24,895 | 14,115 | 13,255 | 13,845 | 14,750 | 14,495 | 12,346 | 14,772 | 10,281 | ||||||
| Other Income Or Grants | 0 | 0 | |||||||||||||
| Cost Of Sales | 8,956 | 0 | |||||||||||||
| Gross Profit | 15,939 | 14,115 | |||||||||||||
| Admin Expenses | 7,948 | 4,031 | |||||||||||||
| Operating Profit | 7,991 | 10,084 | 7,728 | 3,163 | 10,256 | 9,178 | 5,718 | 1,046 | 5,282 | ||||||
| Interest Payable | 1,865 | 2,046 | 2,277 | 2,274 | 2,274 | 2,277 | 2,280 | 3,820 | 2,911 | ||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | 6,126 | 8,038 | 5,451 | 889 | 7,982 | 6,901 | 3,438 | -2,774 | 2,371 | ||||||
| Tax | 0 | -1,622 | -1,112 | -211 | -1,645 | -1,124 | -516 | 0 | 0 | ||||||
| Profit After Tax | 6,126 | 6,416 | 4,339 | 678 | 6,337 | 5,777 | 2,922 | -2,774 | 2,371 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 6,126 | 6,416 | 4,339 | 678 | 6,337 | 5,777 | 2,922 | -2,774 | 2,371 | ||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 1 | 1 | |||||||||
| EBITDA* | 10,877 | 10,290 | 8,002 | 3,529 | 10,745 | 9,829 | 6,043 | 1,479 | 6,397 |
* 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 | 224,413 | 224,433 | 224,459 | 224,508 | 224,574 | 246,788 | 249,363 | 224,932 | 225,138 | 225,412 | 225,778 | 226,267 | 225,289 | 225,614 | 257,740 |
| 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) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 224,413 | 224,433 | 224,459 | 224,508 | 224,574 | 246,788 | 249,363 | 224,932 | 225,138 | 225,412 | 225,778 | 226,267 | 225,289 | 225,614 | 257,740 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,224 | 14,981 | 17,013 | 17,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 5,048 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,370 |
| Cash | 0 | 0 | 0 | 0 | 16,898 | 9,902 | 8,683 | 24,394 | 17,103 | 19,607 | 19,293 | 10,977 | 5,018 | 946 | 3,048 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 4,100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,224 | 14,981 | 17,013 | 17,925 | 16,898 | 14,002 | 13,731 | 24,394 | 17,103 | 19,607 | 19,293 | 10,977 | 5,018 | 946 | 4,418 |
| total assets | 234,637 | 239,414 | 241,472 | 242,433 | 241,472 | 260,790 | 263,094 | 249,326 | 242,241 | 245,019 | 245,071 | 237,244 | 230,307 | 226,560 | 262,158 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 2,280 | 2,280 | 2,280 | 2,280 | 2,280 | 2,280 | 2,280 | 2,280 | 7,704 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 85,163 | 84,734 | 81,585 | 76,021 | 68,359 | 69,185 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 53,474 | 34,459 | 31,853 | 38,967 | 39,691 | 38,195 | 37,032 | 36,208 | 43,813 |
| total current liabilities | 85,163 | 84,734 | 81,585 | 76,021 | 68,359 | 69,185 | 55,754 | 36,739 | 34,133 | 41,247 | 41,971 | 40,475 | 39,312 | 38,488 | 51,517 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 166,505 | 177,878 | 179,815 | 179,818 | 179,824 | 179,830 | 179,833 | 179,832 | 199,627 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 520 | 495 | 485 | 1,488 | 708 | 695 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 87,663 | 98,119 | 108,038 | 120,725 | 133,556 | 144,877 | 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 | 88,183 | 98,614 | 108,523 | 122,213 | 134,264 | 145,572 | 166,505 | 177,878 | 179,815 | 179,818 | 179,824 | 179,830 | 179,833 | 179,832 | 199,627 |
| total liabilities | 173,346 | 183,348 | 190,108 | 198,234 | 202,623 | 214,757 | 222,259 | 214,617 | 213,948 | 221,065 | 221,795 | 220,305 | 219,145 | 218,320 | 251,144 |
| net assets | 61,291 | 56,066 | 51,364 | 44,199 | 38,849 | 46,033 | 40,835 | 34,709 | 28,293 | 23,954 | 23,276 | 16,939 | 11,162 | 8,240 | 11,014 |
| total shareholders funds | 61,291 | 56,066 | 51,364 | 44,199 | 38,849 | 46,033 | 40,835 | 34,709 | 28,293 | 23,954 | 23,276 | 16,939 | 11,162 | 8,240 | 11,014 |
| 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 | 7,991 | 10,084 | 7,728 | 3,163 | 10,256 | 9,178 | 5,718 | 1,046 | 5,282 | ||||||
| Depreciation | 66 | 87 | 2,886 | 206 | 274 | 366 | 489 | 651 | 325 | 433 | 1,115 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | 0 | -1,622 | -1,112 | -211 | -1,645 | -1,124 | -516 | 0 | 0 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -4,757 | -2,032 | -912 | 17,925 | 0 | -5,048 | 5,048 | 0 | 0 | 0 | 0 | 0 | 0 | -1,370 | 1,370 |
| Creditors | 429 | 3,149 | 5,564 | 7,662 | -826 | 69,185 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 25 | 10 | -1,003 | 780 | 13 | -52,779 | 19,015 | 2,606 | -7,114 | -724 | 1,496 | 1,163 | 824 | -7,605 | 43,813 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 24,844 | 11,274 | -224 | 2,594 | 10,596 | 9,868 | 6,351 | -4,756 | 48,840 | ||||||
| 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 | 0 | 0 | 0 | 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 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -166,505 | -11,373 | -1,937 | -3 | -6 | -6 | -3 | 1 | -19,795 | 199,627 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -10,456 | -9,919 | -12,687 | -12,831 | -11,321 | 144,877 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -1,865 | -2,046 | -2,277 | -2,274 | -2,274 | -2,277 | -2,280 | -3,820 | -2,911 | ||||||
| cash flow from financing | -13,238 | -3,983 | -2,280 | -2,280 | -2,280 | -2,280 | -2,279 | -23,615 | 205,359 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | -16,898 | 6,996 | 1,219 | -15,711 | 7,291 | -2,504 | 314 | 8,316 | 5,959 | 4,072 | -2,102 | 3,048 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -2,280 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,424 | 7,704 |
| change in cash | 0 | 0 | 0 | -16,898 | 6,996 | 3,499 | -15,711 | 7,291 | -2,504 | 314 | 8,316 | 5,959 | 4,072 | 3,322 | -4,656 |
m.e.k. developments ltd. Credit Report and Business Information
M.e.k. Developments Ltd. Competitor Analysis
Perform a competitor analysis for m.e.k. developments ltd. by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in PE16 area or any other competitors across 12 key performance metrics.
m.e.k. developments ltd. Ownership
M.E.K. DEVELOPMENTS LTD. group structure
M.E.K. Developments Ltd. has no subsidiary companies.
Ultimate parent company
M.E.K. DEVELOPMENTS LTD.
05349988
m.e.k. developments ltd. directors
M.E.K. Developments Ltd. currently has 2 directors. The longest serving directors include Mrs Marie Prior (Feb 2005) and Mr Mark Prior (Feb 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Marie Prior | England | 52 years | Feb 2005 | - | Director |
| Mr Mark Prior | England | 54 years | Feb 2011 | - | Director |
P&L
February 2024turnover
190.8k
-3%
operating profit
7k
0%
gross margin
9.3%
-2.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
61.3k
+0.09%
total assets
234.6k
-0.02%
cash
0
0%
net assets
Total assets minus all liabilities
m.e.k. developments ltd. company details
company number
05349988
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
February 2005
age
19
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
20 eastwood, chatteris, PE16 6RU
Bank
-
Legal Advisor
-
m.e.k. developments ltd. 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 2 charges/mortgages relating to m.e.k. developments ltd.. Currently there are 2 open charges and 0 have been satisfied in the past.
m.e.k. developments ltd. Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for M.E.K. DEVELOPMENTS LTD.. This can take several minutes, an email will notify you when this has completed.
m.e.k. developments ltd. Companies House Filings - See Documents
| date | description | view/download |
|---|
