meering construction limited
meering construction limited Company Information
Company Number
07012753
Next Accounts
983 days late
Directors
Shareholders
nicholas michael cussy
kenneth john grimes
Group Structure
View All
Industry
Development of building projects
Registered Address
32 bloomsbury street, london, WC1B 3QJ
meering construction limited Estimated Valuation
Pomanda estimates the enterprise value of MEERING CONSTRUCTION LIMITED at £167.5k based on a Turnover of £490.9k and 0.34x industry multiple (adjusted for size and gross margin).
meering construction limited Estimated Valuation
Pomanda estimates the enterprise value of MEERING CONSTRUCTION LIMITED at £0 based on an EBITDA of £-58k and a 2.62x industry multiple (adjusted for size and gross margin).
meering construction limited Estimated Valuation
Pomanda estimates the enterprise value of MEERING CONSTRUCTION LIMITED at £0 based on Net Assets of £-329.2k and 1.49x industry multiple (adjusted for liquidity).
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Meering Construction Limited Overview
Meering Construction Limited is a live company located in london, WC1B 3QJ with a Companies House number of 07012753. It operates in the development of building projects sector, SIC Code 41100. Founded in September 2009, it's largest shareholder is nicholas michael cussy with a 90% stake. Meering Construction Limited is a established, micro sized company, Pomanda has estimated its turnover at £490.9k with declining growth in recent years.
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Meering Construction Limited Health Check
Pomanda's financial health check has awarded Meering Construction Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £490.9k, make it smaller than the average company (£2m)
- Meering Construction Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (2.9%)
- Meering Construction Limited
2.9% - Industry AVG
Production
with a gross margin of 9.9%, this company has a higher cost of product (25%)
- Meering Construction Limited
25% - Industry AVG
Profitability
an operating margin of -11.8% make it less profitable than the average company (8.8%)
- Meering Construction Limited
8.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - Meering Construction Limited
6 - Industry AVG
Pay Structure
on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)
- Meering Construction Limited
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £490.9k, this is more efficient (£262.9k)
- Meering Construction Limited
£262.9k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (29 days)
- Meering Construction Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 243 days, this is slower than average (30 days)
- Meering Construction Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Meering Construction Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Meering Construction Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2174.1%, this is a higher level of debt than the average (74.2%)
2174.1% - Meering Construction Limited
74.2% - Industry AVG
MEERING CONSTRUCTION LIMITED financials
Meering Construction Limited's latest turnover from September 2020 is estimated at £490.9 thousand and the company has net assets of -£329.2 thousand. According to their latest financial statements, Meering Construction Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 1 | 1 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,294 | 5,082 | 1,063 | 1,595 | 843 | 3,967 | 5,950 | 1,164 | 2,293 | ||
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 4,294 | 5,082 | 1,063 | 1,595 | 843 | 3,967 | 5,950 | 1,164 | 2,293 | ||
| Stock & work in progress | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |||||
| Trade Debtors | 11,580 | 15,293 | 10,139 | 60,286 | 222,286 | 196,879 | 150,770 | 232,566 | 9 | 8 | |
| Group Debtors | |||||||||||
| Misc Debtors | |||||||||||
| Cash | 12,603 | 144,848 | 27,701 | 5,581 | 39 | 6 | |||||
| misc current assets | |||||||||||
| total current assets | 11,580 | 15,293 | 10,139 | 60,286 | 222,286 | 215,482 | 301,618 | 266,267 | 11,581 | 6,048 | 6,014 |
| total assets | 15,874 | 20,375 | 11,202 | 61,881 | 223,129 | 219,449 | 307,568 | 266,267 | 11,581 | 7,212 | 8,307 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 295,113 | 291,578 | 341,856 | 476,217 | 500,035 | 343,851 | 399,780 | 157,017 | 28,891 | 12,356 | 11,288 |
| Group/Directors Accounts | |||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | |||||||||||
| total current liabilities | 295,113 | 291,578 | 341,856 | 476,217 | 500,035 | 343,851 | 399,780 | 157,017 | 28,891 | 12,356 | 11,288 |
| loans | 105,732 | 117,912 | |||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 50,000 | 108,626 | 105,564 | ||||||||
| provisions | |||||||||||
| total long term liabilities | 50,000 | 108,626 | 105,732 | 117,912 | 105,564 | ||||||
| total liabilities | 345,113 | 291,578 | 341,856 | 476,217 | 608,661 | 449,583 | 517,692 | 262,581 | 28,891 | 12,356 | 11,288 |
| net assets | -329,239 | -271,203 | -330,654 | -414,336 | -385,532 | -230,134 | -210,124 | 3,686 | -17,310 | -5,144 | -2,981 |
| total shareholders funds | -329,239 | -271,203 | -330,654 | -414,336 | -385,532 | -230,134 | -210,124 | 3,686 | -17,310 | -5,144 | -2,981 |
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 1,983 | 1,164 | 1,129 | 1,146 | |||||||
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | -6,000 | 6,000 | |||||||||
| Debtors | -3,713 | 5,154 | -50,147 | -162,000 | 25,407 | 46,109 | -81,796 | 232,566 | -9 | 1 | 8 |
| Creditors | 3,535 | -50,278 | -134,361 | -23,818 | 156,184 | -55,929 | 242,763 | 128,126 | 16,535 | 1,068 | 11,288 |
| Accruals and Deferred Income | |||||||||||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | -105,732 | -12,180 | 117,912 | ||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | 50,000 | -108,626 | 108,626 | -105,564 | 105,564 | ||||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -12,603 | -132,245 | 117,147 | 22,120 | 5,542 | 33 | 6 | ||||
| overdraft | |||||||||||
| change in cash | -12,603 | -132,245 | 117,147 | 22,120 | 5,542 | 33 | 6 |
meering construction limited Credit Report and Business Information
Meering Construction Limited Competitor Analysis
Perform a competitor analysis for meering construction limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in WC1B area or any other competitors across 12 key performance metrics.
meering construction limited Ownership
MEERING CONSTRUCTION LIMITED group structure
Meering Construction Limited has no subsidiary companies.
Ultimate parent company
MEERING CONSTRUCTION LIMITED
07012753
meering construction limited directors
Meering Construction Limited currently has 1 director, Mr Nicholas Cussy serving since Mar 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Cussy | England | 49 years | Mar 2010 | - | Director |
P&L
September 2020turnover
490.9k
+10%
operating profit
-58k
0%
gross margin
9.9%
-4.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2020net assets
-329.2k
+0.21%
total assets
15.9k
-0.22%
cash
0
0%
net assets
Total assets minus all liabilities
meering construction limited company details
company number
07012753
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
September 2009
age
16
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2020
previous names
meering limited (March 2012)
accountant
-
auditor
-
address
32 bloomsbury street, london, WC1B 3QJ
Bank
-
Legal Advisor
-
meering construction 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 meering construction limited.
meering construction limited 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.
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meering construction limited Companies House Filings - See Documents
| date | description | view/download |
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