meridian lightweight technologies uk limited

NR

meridian lightweight technologies uk limited Company Information

Share MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED
Live 
EstablishedDeclining

Company Number

06614978

Registered Address

meridian orchard way, callidine park, sutton-in-ashfield, nottinghamshire, NG17 1JU

Industry

Casting of light metals

 

Telephone

01623444920

Next Accounts Due

September 2025

Group Structure

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Directors

Bin Chen10 Years

Yuan Lyu1 Years

Shareholders

wanfeng mlth holdings co ltd 100%

meridian lightweight technologies uk limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED at £0 based on a Turnover of £0 and 0.32x industry multiple (adjusted for size and gross margin).

meridian lightweight technologies uk limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED at £0 based on an EBITDA of £-905.2k and a 2.72x industry multiple (adjusted for size and gross margin).

meridian lightweight technologies uk limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED at £0 based on Net Assets of £-31.6m and 1.6x industry multiple (adjusted for liquidity).

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Meridian Lightweight Technologies Uk Limited Overview

Meridian Lightweight Technologies Uk Limited is a live company located in sutton-in-ashfield, NG17 1JU with a Companies House number of 06614978. It operates in the casting of light metals sector, SIC Code 24530. Founded in June 2008, it's largest shareholder is wanfeng mlth holdings co ltd with a 100% stake. Meridian Lightweight Technologies Uk Limited is a established, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.

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Meridian Lightweight Technologies Uk Limited Health Check

There is insufficient data available to calculate a health check for Meridian Lightweight Technologies Uk Limited. Company Health Check FAQs

Health Check Image
Health Rating0out of 5
positive_score

0 Strong

positive_score

0 Regular

positive_score

5 Weak

size

Size

There is insufficient data available for this Key Performance Indicator!

- - Meridian Lightweight Technologies Uk Limited

- - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (6.7%)

- - Meridian Lightweight Technologies Uk Limited

- - Industry AVG

production

Production

There is insufficient data available for this Key Performance Indicator!

- - Meridian Lightweight Technologies Uk Limited

- - Industry AVG

profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

- - Meridian Lightweight Technologies Uk Limited

- - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (109)

- - Meridian Lightweight Technologies Uk Limited

- - Industry AVG

paystructure

Pay Structure

on an average salary of £51.1k, the company has a higher pay structure (£35.5k)

- - Meridian Lightweight Technologies Uk Limited

- - Industry AVG

efficiency

Efficiency

There is insufficient data available for this Key Performance Indicator!

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- - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

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creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

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stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

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- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)

- - Meridian Lightweight Technologies Uk Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 1736.1%, this is a higher level of debt than the average (49.5%)

- - Meridian Lightweight Technologies Uk Limited

- - Industry AVG

MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED financials

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Meridian Lightweight Technologies Uk Limited's latest turnover from December 2023 is 0 and the company has net assets of -£31.6 million. According to their latest financial statements, Meridian Lightweight Technologies Uk Limited has 5 employees and maintains cash reserves of £156.9 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 2011Dec 2010Dec 2009
Turnover0437,69215,905,00013,397,00018,676,00021,890,00025,810,00053,242,00052,398,00028,792,00026,911,00026,693,00025,176,00018,877,00014,446,000
Other Income Or Grants000000000000000
Cost Of Sales0324,29712,851,00012,521,00017,330,00021,215,00022,468,00043,153,00047,304,00030,280,00026,270,00025,112,00023,941,00016,875,00012,999,000
Gross Profit0113,3953,054,000876,0001,346,000675,0003,342,00010,089,0005,094,000-1,488,000641,0001,581,0001,235,0002,002,0001,447,000
Admin Expenses1,250,4254,084,1292,191,0001,745,0006,012,000-2,290,00018,489,0006,407,00010,008,0004,995,0001,483,0001,006,000727,000937,000520,000
Operating Profit-1,250,425-3,970,734863,000-869,000-4,666,0002,965,000-15,147,0003,682,000-4,914,000-6,483,000-842,000575,000508,0001,065,000927,000
Interest Payable555,904418,956406,000470,000501,000660,000626,000695,000729,000975,0001,327,000655,000463,000250,000292,000
Interest Receivable000000000481,00000000
Pre-Tax Profit-1,806,329-4,389,690457,000-1,339,000-5,167,0002,305,000-15,773,000-555,000-7,032,000-8,239,000-879,000367,00066,00025,000181,000
Tax000000016,00015,000023,000-23,0000020,000
Profit After Tax-1,806,329-4,389,690457,000-1,339,000-5,167,0002,305,000-15,773,000-539,000-7,017,000-8,239,000-856,000344,00066,00025,000201,000
Dividends Paid000000000000000
Retained Profit-1,806,329-4,389,690457,000-1,339,000-5,167,0002,305,000-15,773,000-539,000-7,017,000-8,239,000-856,000344,00066,00025,000201,000
Employee Costs255,264304,3571,534,0001,386,0002,108,0002,986,0003,437,0006,399,0006,864,0005,429,0004,332,0003,923,0003,588,0002,931,0002,214,000
Number Of Employees5539455373972202401641641311129269
EBITDA*-905,200-3,398,9192,400,000192,000-3,488,0005,182,000-13,194,0006,159,000-2,559,000-4,356,000958,0002,236,0001,714,0001,841,0001,282,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets001,757,0003,458,0004,573,0006,451,000015,545,00016,043,00015,810,00013,508,00012,288,0007,765,0007,821,0003,710,000
Intangible Assets1,094,9301,100,335000005,00014,00019,00000000
Investments & Other9,03389,015171,000185,000199,000177,000167,000268,000327,000373,00000000
Debtors (Due After 1 year)00000000000220,000252,00076,0000
Total Fixed Assets1,103,9631,189,3501,928,0003,643,0004,772,0006,628,000167,00015,818,00016,384,00016,202,00013,508,00012,508,0008,017,0007,897,0003,710,000
Stock & work in progress00626,0001,885,0002,321,0002,035,0003,633,0005,314,00011,526,00010,197,0004,911,0004,120,0005,107,0002,882,0002,455,000
Trade Debtors406,552604,8801,009,0001,390,0001,722,0003,787,0002,158,0002,509,0004,064,0007,698,0007,391,0005,921,0005,580,0005,743,0004,045,000
Group Debtors0000002,951,0004,268,0003,010,000216,00022,442,00069,000396,000147,0001,068,000
Misc Debtors263,409160,001719,000382,000867,0001,594,0001,391,0002,013,0001,937,0004,051,000233,0001,103,000828,000437,000600,000
Cash156,893167,7583,392,0004,382,0002,741,0002,129,0001,339,0002,931,0001,942,000476,00066,000581,0004,000545,0001,164,000
misc current assets000000000000000
total current assets826,854932,6395,746,0008,039,0007,651,0009,545,00011,472,00017,035,00022,479,00022,638,00035,043,00011,794,00011,915,0009,754,0009,332,000
total assets1,930,8172,121,9897,674,00011,682,00012,423,00016,173,00011,639,00032,853,00038,863,00038,840,00048,551,00024,302,00019,932,00017,651,00013,042,000
Bank overdraft000000000000000
Bank loan05,641,7215,177,0005,142,0005,256,0001,336,0006,690,0006,356,0004,012,0003,024,00000000
Trade Creditors 219,54740,889286,000707,000694,0002,244,0002,563,0005,394,0006,332,00011,588,0005,130,0006,892,0005,362,0006,032,0003,560,000
Group/Directors Accounts29,115,40720,833,01212,815,00014,757,00011,752,00015,911,00017,819,00011,724,00013,917,0005,128,00032,839,00013,072,00011,375,0008,392,0006,198,000
other short term finances000000000000000
hp & lease commitments0000000000056,00056,00051,00074,000
other current liabilities868,8131,041,8421,117,0001,204,0001,165,000673,000981,0003,685,0005,944,0002,891,0001,985,0001,055,000439,000526,000445,000
total current liabilities30,203,76727,557,46419,395,00021,810,00018,867,00020,164,00028,053,00027,159,00030,205,00022,631,00039,954,00021,075,00017,232,00015,001,00010,277,000
loans02,226,87111,358,00012,625,00014,192,00016,108,0005,474,00011,712,00013,883,00015,655,00000000
hp & lease commitments00000000000056,000112,000164,000
Accruals and Deferred Income000000309,000295,000374,000372,000248,000235,000319,000298,000406,000
other liabilities1,601,1332,048,2062,586,0003,203,0003,884,000000000296,000000
provisions1,715,9241,789,8121,446,0001,612,0001,709,000963,0001,170,0001,281,0001,456,000220,000148,000166,000139,000120,000100,000
total long term liabilities3,317,0576,064,88915,390,00017,440,00019,785,00017,071,0006,953,00013,288,00015,713,00016,247,000396,000697,000514,000530,000670,000
total liabilities33,520,82433,622,35334,785,00039,250,00038,652,00037,235,00035,006,00040,447,00045,918,00038,878,00040,350,00021,772,00017,746,00015,531,00010,947,000
net assets-31,590,007-31,500,364-27,111,000-27,568,000-26,229,000-21,062,000-23,367,000-7,594,000-7,055,000-38,0008,201,0002,530,0002,186,0002,120,0002,095,000
total shareholders funds-31,590,007-31,500,364-27,111,000-27,568,000-26,229,000-21,062,000-23,367,000-7,594,000-7,055,000-38,0008,201,0002,530,0002,186,0002,120,0002,095,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-1,250,425-3,970,734863,000-869,000-4,666,0002,965,000-15,147,0003,682,000-4,914,000-6,483,000-842,000575,000508,0001,065,000927,000
Depreciation345,225571,8151,537,0001,061,0001,178,0002,217,0001,948,0002,475,0002,355,0002,127,0001,800,0001,661,0001,206,000776,000355,000
Amortisation0000005,0002,0000000000
Tax000000016,00015,000023,000-23,0000020,000
Stock0-626,000-1,259,000-436,000286,000-1,598,000-1,681,000-6,212,0001,329,0005,286,000791,000-987,0002,225,000427,0002,455,000
Debtors-94,920-963,119-44,000-817,000-2,792,000-1,119,000-2,290,000-221,000-2,954,000-18,101,00022,753,000257,000653,000690,0005,713,000
Creditors178,658-245,111-421,00013,000-1,550,000-319,000-2,831,000-938,000-5,256,0006,458,000-1,762,0001,530,000-670,0002,472,0003,560,000
Accruals and Deferred Income-173,029-75,158-87,00039,000492,000-617,000-2,690,000-2,338,0003,055,0001,030,000943,000532,000-66,000-27,000851,000
Deferred Taxes & Provisions-73,888343,812-166,000-97,000746,000-207,000-111,000-175,0001,236,00072,000-18,00027,00019,00020,000100,000
Cash flow from operations-878,539-1,786,2573,029,0001,400,000-1,294,0006,756,000-14,855,0009,157,000-1,884,00016,019,000-23,400,0005,032,000-1,881,0003,189,000-2,355,000
Investing Activities
capital expenditure-339,82084,850164,00054,000700,000-8,668,00013,597,000-1,970,000-2,583,000-4,448,000-3,020,000-6,184,000-1,150,000-4,887,000-4,065,000
Change in Investments-79,982-81,985-14,000-14,00022,00010,000-101,000-59,000-46,000373,00000000
cash flow from investments-259,838166,835178,00068,000678,000-8,678,00013,698,000-1,911,000-2,537,000-4,821,000-3,020,000-6,184,000-1,150,000-4,887,000-4,065,000
Financing Activities
Bank loans-5,641,721464,72135,000-114,0003,920,000-5,354,000334,0002,344,000988,0003,024,00000000
Group/Directors Accounts8,282,3958,018,012-1,942,0003,005,000-4,159,000-1,908,0006,095,000-2,193,0008,789,000-27,711,00019,767,0001,697,0002,983,0002,194,0006,198,000
Other Short Term Loans 000000000000000
Long term loans-2,226,871-9,131,129-1,267,000-1,567,000-1,916,00010,634,000-6,238,000-2,171,000-1,772,00015,655,00000000
Hire Purchase and Lease Commitments0000000000-56,000-56,000-51,000-75,000238,000
other long term liabilities-447,073-537,794-617,000-681,0003,884,00000000-296,000296,000000
share issue1,716,686326000000006,527,0000001,894,000
interest-555,904-418,956-406,000-470,000-501,000-660,000-626,000-695,000-729,000-494,000-1,327,000-655,000-463,000-250,000-292,000
cash flow from financing1,127,512-1,604,820-4,197,000173,0001,228,0002,712,000-435,000-2,715,0007,276,000-9,526,00024,615,0001,282,0002,469,0001,869,0008,038,000
cash and cash equivalents
cash-10,865-3,224,242-990,0001,641,000612,000790,000-1,592,000989,0001,466,000410,000-515,000577,000-541,000-619,0001,164,000
overdraft000000000000000
change in cash-10,865-3,224,242-990,0001,641,000612,000790,000-1,592,000989,0001,466,000410,000-515,000577,000-541,000-619,0001,164,000

meridian lightweight technologies uk limited Credit Report and Business Information

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Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Meridian Lightweight Technologies Uk Limited Competitor Analysis

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Perform a competitor analysis for meridian lightweight technologies uk limited by selecting its closest rivals, whether from the MANUFACTURING sector, other established companies, companies in NG17 area or any other competitors across 12 key performance metrics.

meridian lightweight technologies uk limited Ownership

MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED group structure

Meridian Lightweight Technologies Uk Limited has no subsidiary companies.

Ultimate parent company

ZHEJANG WANFENG AUTO WHEEL CO LTD

#0091195

2 parents

MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED

06614978

MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED Shareholders

wanfeng mlth holdings co ltd 100%

meridian lightweight technologies uk limited directors

Meridian Lightweight Technologies Uk Limited currently has 2 directors. The longest serving directors include Mr Bin Chen (Apr 2014) and Mr Yuan Lyu (Jun 2023).

officercountryagestartendrole
Mr Bin Chen45 years Apr 2014- Director
Mr Yuan Lyu44 years Jun 2023- Director

P&L

December 2023

turnover

0

-100%

operating profit

-1.3m

-69%

gross margin

0%

0%

turnover

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

Balance Sheet

December 2023

net assets

-31.6m

0%

total assets

1.9m

-0.09%

cash

156.9k

-0.06%

net assets

Total assets minus all liabilities

meridian lightweight technologies uk limited company details

company number

06614978

Type

Private limited with Share Capital

industry

24530 - Casting of light metals

incorporation date

June 2008

age

16

incorporated

UK

ultimate parent company

ZHEJANG WANFENG AUTO WHEEL CO LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

meridian magnesium technologies uk limited (June 2008)

accountant

-

auditor

HAINES WATTS TAMWORTH LIMITED

address

meridian orchard way, callidine park, sutton-in-ashfield, nottinghamshire, NG17 1JU

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

-

meridian lightweight technologies uk 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 did not find charges/mortgages relating to meridian lightweight technologies uk limited.

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meridian lightweight technologies uk limited Companies House Filings - See Documents

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