meter fit 3 limited
meter fit 3 limited Company Information
Company Number
07280893
Website
http://www.meterfit.co.ukRegistered Address
5th floor 1 marsden street, manchester, M2 1HW
Industry
Other business support service activities n.e.c.
Telephone
01612201900
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
meter serve (holdco 2) limited 100%
meter fit 3 limited Estimated Valuation
Pomanda estimates the enterprise value of METER FIT 3 LIMITED at £13.2m based on a Turnover of £10.9m and 1.21x industry multiple (adjusted for size and gross margin).
meter fit 3 limited Estimated Valuation
Pomanda estimates the enterprise value of METER FIT 3 LIMITED at £122.1m based on an EBITDA of £13.2m and a 9.25x industry multiple (adjusted for size and gross margin).
meter fit 3 limited Estimated Valuation
Pomanda estimates the enterprise value of METER FIT 3 LIMITED at £1.5m based on Net Assets of £578k and 2.57x industry multiple (adjusted for liquidity).
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Meter Fit 3 Limited Overview
Meter Fit 3 Limited is a live company located in manchester, M2 1HW with a Companies House number of 07280893. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2010, it's largest shareholder is meter serve (holdco 2) limited with a 100% stake. Meter Fit 3 Limited is a established, mid sized company, Pomanda has estimated its turnover at £10.9m with declining growth in recent years.
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Meter Fit 3 Limited Health Check
Pomanda's financial health check has awarded Meter Fit 3 Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
3 Weak
Size
annual sales of £10.9m, make it larger than the average company (£4.5m)
£10.9m - Meter Fit 3 Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (6.4%)
-19% - Meter Fit 3 Limited
6.4% - Industry AVG
Production
with a gross margin of 91.3%, this company has a lower cost of product (37.8%)
91.3% - Meter Fit 3 Limited
37.8% - Industry AVG
Profitability
an operating margin of 86.8% make it more profitable than the average company (5.7%)
86.8% - Meter Fit 3 Limited
5.7% - Industry AVG
Employees
with 66 employees, this is above the industry average (26)
- Meter Fit 3 Limited
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Meter Fit 3 Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £165.9k, this is equally as efficient (£167.6k)
- Meter Fit 3 Limited
£167.6k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (41 days)
19 days - Meter Fit 3 Limited
41 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Meter Fit 3 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Meter Fit 3 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (23 weeks)
2 weeks - Meter Fit 3 Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.4%, this is a higher level of debt than the average (62%)
92.4% - Meter Fit 3 Limited
62% - Industry AVG
METER FIT 3 LIMITED financials
Meter Fit 3 Limited's latest turnover from December 2023 is £10.9 million and the company has net assets of £578 thousand. According to their latest financial statements, we estimate that Meter Fit 3 Limited has 66 employees and maintains cash reserves of £373 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,947,000 | 15,814,000 | 18,594,000 | 20,709,000 | 22,090,000 | 24,124,000 | 26,380,000 | 28,374,000 | 28,778,000 | 31,351,000 | 23,206,000 | 11,984,000 | 2,280,000 | 24,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 958,000 | 1,841,000 | 4,401,000 | 5,367,000 | 9,781,000 | 12,548,000 | 14,507,000 | 16,941,000 | 13,908,000 | 13,739,000 | 10,482,000 | 4,457,000 | 820,000 | 12,000 |
| Gross Profit | 9,989,000 | 13,973,000 | 14,193,000 | 15,342,000 | 12,309,000 | 11,576,000 | 11,873,000 | 11,433,000 | 14,870,000 | 17,612,000 | 12,724,000 | 7,527,000 | 1,460,000 | 12,000 |
| Admin Expenses | 489,000 | 351,000 | 1,083,000 | 898,000 | 847,000 | 1,020,000 | 805,000 | 802,000 | 746,000 | 720,000 | 881,000 | 1,110,000 | 2,052,000 | 696,000 |
| Operating Profit | 9,500,000 | 13,622,000 | 13,110,000 | 14,444,000 | 11,462,000 | 10,556,000 | 11,068,000 | 10,631,000 | 14,124,000 | 16,892,000 | 11,843,000 | 6,417,000 | -592,000 | -684,000 |
| Interest Payable | 2,000 | 0 | 0 | 613,000 | 2,426,000 | 4,910,000 | 5,595,000 | 6,659,000 | 7,131,000 | 8,023,000 | 5,977,000 | 4,727,000 | 1,389,000 | 1,000 |
| Interest Receivable | 285,000 | 381,000 | 534,000 | 30,000 | 0 | 13,000 | 6,000 | 25,000 | 15,000 | 9,000 | 1,934,000 | 3,000 | 0 | 0 |
| Pre-Tax Profit | 9,783,000 | 14,003,000 | 13,644,000 | 13,861,000 | 9,036,000 | 6,411,000 | 6,430,000 | 3,728,000 | 7,140,000 | 6,792,000 | 7,834,000 | 1,693,000 | -1,981,000 | -685,000 |
| Tax | -2,598,000 | -2,543,000 | -2,532,000 | -2,966,000 | 332,000 | 884,000 | 216,000 | 62,000 | -1,111,000 | -1,860,000 | 2,831,000 | -2,867,000 | 0 | 0 |
| Profit After Tax | 7,185,000 | 11,460,000 | 11,112,000 | 10,895,000 | 9,368,000 | 7,295,000 | 6,646,000 | 3,790,000 | 6,029,000 | 4,932,000 | 10,665,000 | -1,174,000 | -1,981,000 | -685,000 |
| Dividends Paid | 15,510,000 | 16,161,000 | 23,151,000 | 2,931,000 | 0 | 3,226,000 | 6,543,000 | 4,736,000 | 4,009,000 | 7,950,000 | 0 | 0 | 0 | 0 |
| Retained Profit | -8,325,000 | -4,701,000 | -12,039,000 | 7,964,000 | 9,368,000 | 4,069,000 | 103,000 | -946,000 | 2,020,000 | -3,018,000 | 10,665,000 | -1,174,000 | -1,981,000 | -685,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 4 | 3 | 4 | 2 | 2 | |||||||||
| EBITDA* | 13,205,000 | 17,824,000 | 19,139,000 | 21,433,000 | 22,995,000 | 23,384,000 | 25,267,000 | 25,488,000 | 26,415,000 | 29,632,000 | 21,447,000 | 10,874,000 | 228,000 | -672,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,793,000 | 8,115,000 | 13,045,000 | 20,388,000 | 28,990,000 | 43,713,000 | 61,725,000 | 82,155,000 | 99,542,000 | 113,451,000 | 127,452,000 | 90,554,000 | 29,053,000 | 3,492,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 35,000 | 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 | 3,828,000 | 8,115,000 | 13,045,000 | 20,388,000 | 28,990,000 | 43,713,000 | 61,725,000 | 82,155,000 | 99,542,000 | 113,451,000 | 127,452,000 | 90,554,000 | 29,053,000 | 3,492,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 586,000 | 846,000 | 661,000 | 1,948,000 | 2,648,000 | 2,454,000 | 2,769,000 | 2,367,000 | 2,211,000 | 2,749,000 | 3,246,000 | 1,642,000 | 7,000 | 0 |
| Group Debtors | 2,460,000 | 3,020,000 | 2,710,000 | 2,594,000 | 0 | 2,220,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 378,000 | 1,013,000 | 747,000 | 1,201,000 | 1,268,000 | 183,000 | 1,540,000 | 2,526,000 | 2,162,000 | 3,176,000 | 4,685,000 | 8,010,000 | 3,642,000 | 441,000 |
| Cash | 373,000 | 579,000 | 606,000 | 1,246,000 | 1,173,000 | 730,000 | 4,474,000 | 5,031,000 | 5,003,000 | 3,031,000 | 16,419,000 | 5,294,000 | 258,000 | 861,000 |
| misc current assets | 3,000 | 0 | 0 | 0 | 1,692,000 | 1,091,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,800,000 | 5,458,000 | 4,724,000 | 6,989,000 | 6,781,000 | 6,678,000 | 8,783,000 | 9,924,000 | 9,376,000 | 8,956,000 | 24,350,000 | 14,946,000 | 3,907,000 | 1,302,000 |
| total assets | 7,628,000 | 13,573,000 | 17,769,000 | 27,377,000 | 35,771,000 | 50,391,000 | 70,508,000 | 92,079,000 | 108,918,000 | 122,407,000 | 151,802,000 | 105,500,000 | 32,960,000 | 4,794,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 11,693,000 | 14,220,000 | 14,701,000 | 14,785,000 | 19,951,000 | 229,000 | 584,000 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 7,000 | 0 | 4,000 | 4,000 | 9,000 | 4,000 | 3,740,000 | 10,272,000 | 7,574,000 | 1,180,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 161,000 | 1,376,000 | 1,417,000 | 1,425,000 | 1,381,000 | 0 | 0 | 0 | 3,468,000 |
| other short term finances | 0 | 0 | 0 | 0 | 17,026,000 | 40,072,000 | 9,826,000 | 5,272,000 | 0 | 0 | 2,584,000 | 0 | 367,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,050,000 | 4,670,000 | 4,165,000 | 1,521,000 | 674,000 | 686,000 | 1,317,000 | 970,000 | 1,004,000 | 1,720,000 | 2,789,000 | 5,795,000 | 4,044,000 | 831,000 |
| total current liabilities | 7,050,000 | 4,670,000 | 4,165,000 | 1,521,000 | 17,707,000 | 40,919,000 | 24,216,000 | 21,883,000 | 17,139,000 | 17,890,000 | 29,064,000 | 16,296,000 | 12,569,000 | 5,479,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 39,991,000 | 63,299,000 | 83,874,000 | 99,743,000 | 115,871,000 | 90,171,000 | 23,052,000 | 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 | 0 | 0 | 0 | 213,000 | 385,000 | 1,161,000 | 2,059,000 | 2,758,000 | 2,820,000 | 1,709,000 | 36,000 | 2,867,000 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 213,000 | 385,000 | 1,161,000 | 42,050,000 | 66,057,000 | 86,694,000 | 101,452,000 | 115,907,000 | 93,038,000 | 23,052,000 | 0 |
| total liabilities | 7,050,000 | 4,670,000 | 4,165,000 | 1,734,000 | 18,092,000 | 42,080,000 | 66,266,000 | 87,940,000 | 103,833,000 | 119,342,000 | 144,971,000 | 109,334,000 | 35,621,000 | 5,479,000 |
| net assets | 578,000 | 8,903,000 | 13,604,000 | 25,643,000 | 17,679,000 | 8,311,000 | 4,242,000 | 4,139,000 | 5,085,000 | 3,065,000 | 6,831,000 | -3,834,000 | -2,661,000 | -685,000 |
| total shareholders funds | 578,000 | 8,903,000 | 13,604,000 | 25,643,000 | 17,679,000 | 8,311,000 | 4,242,000 | 4,139,000 | 5,085,000 | 3,065,000 | 6,831,000 | -3,834,000 | -2,661,000 | -685,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 9,500,000 | 13,622,000 | 13,110,000 | 14,444,000 | 11,462,000 | 10,556,000 | 11,068,000 | 10,631,000 | 14,124,000 | 16,892,000 | 11,843,000 | 6,417,000 | -592,000 | -684,000 |
| Depreciation | 3,705,000 | 4,202,000 | 6,029,000 | 6,989,000 | 11,533,000 | 12,828,000 | 14,199,000 | 14,857,000 | 12,291,000 | 12,740,000 | 9,604,000 | 4,457,000 | 820,000 | 12,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -2,598,000 | -2,543,000 | -2,532,000 | -2,966,000 | 332,000 | 884,000 | 216,000 | 62,000 | -1,111,000 | -1,860,000 | 2,831,000 | -2,867,000 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,455,000 | 761,000 | -1,625,000 | 1,827,000 | -941,000 | 548,000 | -584,000 | 520,000 | -1,552,000 | -2,006,000 | -1,721,000 | 6,003,000 | 3,208,000 | 441,000 |
| Creditors | 0 | 0 | 0 | -7,000 | 7,000 | -4,000 | 0 | -5,000 | 5,000 | -3,736,000 | -6,532,000 | 2,698,000 | 6,394,000 | 1,180,000 |
| Accruals and Deferred Income | 2,380,000 | 505,000 | 2,644,000 | 847,000 | -12,000 | -631,000 | 347,000 | -34,000 | -716,000 | -1,069,000 | -3,006,000 | 1,751,000 | 3,213,000 | 831,000 |
| Deferred Taxes & Provisions | 0 | 0 | -213,000 | -172,000 | -776,000 | -898,000 | -699,000 | -62,000 | 1,111,000 | 1,673,000 | -2,831,000 | 2,867,000 | 0 | 0 |
| Cash flow from operations | 14,442,000 | 15,025,000 | 20,663,000 | 17,308,000 | 23,487,000 | 22,187,000 | 25,715,000 | 24,929,000 | 27,256,000 | 26,646,000 | 13,630,000 | 9,320,000 | 6,627,000 | 898,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 35,000 | 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 | -11,693,000 | -2,527,000 | -481,000 | -84,000 | -5,166,000 | 19,722,000 | -355,000 | 584,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -161,000 | -1,215,000 | -41,000 | -8,000 | 44,000 | 1,381,000 | 0 | 0 | -3,468,000 | 3,468,000 |
| Other Short Term Loans | 0 | 0 | 0 | -17,026,000 | -23,046,000 | 30,246,000 | 4,554,000 | 5,272,000 | 0 | -2,584,000 | 2,584,000 | -367,000 | 367,000 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -39,991,000 | -23,308,000 | -20,575,000 | -15,869,000 | -16,128,000 | 25,700,000 | 67,119,000 | 23,052,000 | 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 | 283,000 | 381,000 | 534,000 | -583,000 | -2,426,000 | -4,897,000 | -5,589,000 | -6,634,000 | -7,116,000 | -8,014,000 | -4,043,000 | -4,724,000 | -1,389,000 | -1,000 |
| cash flow from financing | 283,000 | 381,000 | 534,000 | -17,609,000 | -25,633,000 | -27,550,000 | -26,911,000 | -22,426,000 | -23,025,000 | -31,259,000 | 43,963,000 | 61,674,000 | 19,151,000 | 3,467,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -206,000 | -27,000 | -640,000 | 73,000 | 443,000 | -3,744,000 | -557,000 | 28,000 | 1,972,000 | -13,388,000 | 11,125,000 | 5,036,000 | -603,000 | 861,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -206,000 | -27,000 | -640,000 | 73,000 | 443,000 | -3,744,000 | -557,000 | 28,000 | 1,972,000 | -13,388,000 | 11,125,000 | 5,036,000 | -603,000 | 861,000 |
meter fit 3 limited Credit Report and Business Information
Meter Fit 3 Limited Competitor Analysis
Perform a competitor analysis for meter fit 3 limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in M 2 area or any other competitors across 12 key performance metrics.
meter fit 3 limited Ownership
METER FIT 3 LIMITED group structure
Meter Fit 3 Limited has no subsidiary companies.
Ultimate parent company
CALISEN MIDCO II LTD
#0140215
2 parents
METER FIT 3 LIMITED
07280893
meter fit 3 limited directors
Meter Fit 3 Limited currently has 7 directors. The longest serving directors include Mr Sean Latus (Jun 2015) and Mrs Sarah Blackburn (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean Latus | United Kingdom | 55 years | Jun 2015 | - | Director |
| Mrs Sarah Blackburn | England | 44 years | May 2018 | - | Director |
| Mr David Taylor | 49 years | Aug 2021 | - | Director | |
| Mr Matthew Bateman | United Kingdom | 56 years | Nov 2022 | - | Director |
| Mr Brandon Rennet | United Kingdom | 52 years | Jan 2023 | - | Director |
| Mrs Sandeep Johal | England | 47 years | Jan 2024 | - | Director |
| Ms Kimberley Ratcliffe | England | 45 years | Jun 2024 | - | Director |
P&L
December 2023turnover
10.9m
-31%
operating profit
9.5m
-30%
gross margin
91.3%
+3.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
578k
-0.94%
total assets
7.6m
-0.44%
cash
373k
-0.36%
net assets
Total assets minus all liabilities
meter fit 3 limited company details
company number
07280893
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
June 2010
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KPMG LLP
address
5th floor 1 marsden street, manchester, M2 1HW
Bank
NATWEST GROUP PLC
Legal Advisor
-
meter fit 3 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 6 charges/mortgages relating to meter fit 3 limited. Currently there are 2 open charges and 4 have been satisfied in the past.
meter fit 3 limited Companies House Filings - See Documents
| date | description | view/download |
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