mereb ltd
mereb ltd Company Information
Company Number
07794633
Website
-Registered Address
411 holloway road, london, N7 6HJ
Industry
Retail sale in non-specialised stores with food, beverages or tobacco predominating
Telephone
02077004341
Next Accounts Due
July 2025
Group Structure
View All
Directors
Tesfalem Negash13 Years
Shareholders
tesfalem negash 60%
maeza haile 40%
mereb ltd Estimated Valuation
Pomanda estimates the enterprise value of MEREB LTD at £210.8k based on a Turnover of £738.2k and 0.29x industry multiple (adjusted for size and gross margin).
mereb ltd Estimated Valuation
Pomanda estimates the enterprise value of MEREB LTD at £80.7k based on an EBITDA of £24.7k and a 3.26x industry multiple (adjusted for size and gross margin).
mereb ltd Estimated Valuation
Pomanda estimates the enterprise value of MEREB LTD at £175.6k based on Net Assets of £65.3k and 2.69x industry multiple (adjusted for liquidity).
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Mereb Ltd Overview
Mereb Ltd is a live company located in london, N7 6HJ with a Companies House number of 07794633. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in October 2011, it's largest shareholder is tesfalem negash with a 60% stake. Mereb Ltd is a established, small sized company, Pomanda has estimated its turnover at £738.2k with low growth in recent years.
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Mereb Ltd Health Check
Pomanda's financial health check has awarded Mereb Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
5 Weak
Size
annual sales of £738.2k, make it smaller than the average company (£1m)
- Mereb Ltd
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.1%)
- Mereb Ltd
7.1% - Industry AVG
Production
with a gross margin of 22.1%, this company has a comparable cost of product (22.1%)
- Mereb Ltd
22.1% - Industry AVG
Profitability
an operating margin of 1.6% make it less profitable than the average company (2.3%)
- Mereb Ltd
2.3% - Industry AVG
Employees
with 7 employees, this is below the industry average (12)
7 - Mereb Ltd
12 - Industry AVG
Pay Structure
on an average salary of £15.2k, the company has an equivalent pay structure (£15.2k)
- Mereb Ltd
£15.2k - Industry AVG
Efficiency
resulting in sales per employee of £105.5k, this is equally as efficient (£113.3k)
- Mereb Ltd
£113.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mereb Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Mereb Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 33 days, this is more than average (21 days)
- Mereb Ltd
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 44 weeks, this is more cash available to meet short term requirements (18 weeks)
44 weeks - Mereb Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.7%, this is a similar level of debt than the average (68.3%)
72.7% - Mereb Ltd
68.3% - Industry AVG
MEREB LTD financials
Mereb Ltd's latest turnover from October 2023 is estimated at £738.2 thousand and the company has net assets of £65.3 thousand. According to their latest financial statements, Mereb Ltd has 7 employees and maintains cash reserves of £122.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 7 | 6 | 6 | 6 | 7 | 6 | 7 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 28,438 | 3,891 | 5,461 | 7,281 | 9,435 | 12,033 | 15,223 | 19,205 | 24,239 | 2,475 | 3,300 | 0 |
| Intangible Assets | 24,000 | 27,000 | 30,000 | 33,000 | 36,000 | 39,000 | 42,000 | 45,000 | 48,000 | 51,000 | 54,000 | 57,000 |
| Investments & Other | 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 |
| Total Fixed Assets | 52,438 | 30,891 | 35,461 | 40,281 | 45,435 | 51,033 | 57,223 | 64,205 | 72,239 | 53,475 | 57,300 | 57,000 |
| Stock & work in progress | 52,750 | 55,250 | 69,250 | 55,500 | 79,250 | 61,430 | 78,250 | 82,762 | 85,125 | 63,450 | 61,750 | 55,000 |
| Trade Debtors | 0 | 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 |
| Misc Debtors | 11,726 | 6,137 | 0 | 7,514 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 122,163 | 127,951 | 135,554 | 156,783 | 15,042 | 10,910 | 9,729 | 5,127 | 4,756 | 23,826 | 30,679 | 18,368 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 186,639 | 189,338 | 204,804 | 219,797 | 94,292 | 72,340 | 87,979 | 87,889 | 89,881 | 87,276 | 92,429 | 73,368 |
| total assets | 239,077 | 220,229 | 240,265 | 260,078 | 139,727 | 123,373 | 145,202 | 152,094 | 162,120 | 140,751 | 149,729 | 130,368 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,017 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 159,004 | 135,580 | 144,995 | 127,302 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 38,598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 105,743 | 129,694 | 153,151 | 184,427 | 137,221 | 122,531 | 142,628 | 148,675 | 0 | 0 | 0 | 0 |
| total current liabilities | 144,341 | 129,694 | 153,151 | 184,427 | 137,221 | 122,531 | 142,628 | 149,692 | 159,004 | 135,580 | 144,995 | 127,302 |
| loans | 29,484 | 36,041 | 47,736 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 29,484 | 36,041 | 47,736 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 173,825 | 165,735 | 200,887 | 234,427 | 137,221 | 122,531 | 142,628 | 149,692 | 159,004 | 135,580 | 144,995 | 127,302 |
| net assets | 65,252 | 54,494 | 39,378 | 25,651 | 2,506 | 842 | 2,574 | 2,402 | 3,116 | 5,171 | 4,734 | 3,066 |
| total shareholders funds | 65,252 | 54,494 | 39,378 | 25,651 | 2,506 | 842 | 2,574 | 2,402 | 3,116 | 5,171 | 4,734 | 3,066 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 10,026 | 1,570 | 1,820 | 2,154 | 2,598 | 3,190 | 3,982 | 5,034 | 6,439 | 1,100 | 0 | |
| Amortisation | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| Tax | ||||||||||||
| Stock | -2,500 | -14,000 | 13,750 | -23,750 | 17,820 | -16,820 | -4,512 | -2,363 | 21,675 | 1,700 | 6,750 | 55,000 |
| Debtors | 5,589 | 6,137 | -7,514 | 7,514 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -159,004 | 23,424 | -9,415 | 17,693 | 127,302 |
| Accruals and Deferred Income | -23,951 | -23,457 | -31,276 | 47,206 | 14,690 | -20,097 | -6,047 | 148,675 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 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 |
| Long term loans | -6,557 | -11,695 | -2,264 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 38,598 | 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 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | -5,788 | -7,603 | -21,229 | 141,741 | 4,132 | 1,181 | 4,602 | 371 | -19,070 | -6,853 | 12,311 | 18,368 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -1,017 | 1,017 | 0 | 0 | 0 | 0 |
| change in cash | -5,788 | -7,603 | -21,229 | 141,741 | 4,132 | 1,181 | 5,619 | -646 | -19,070 | -6,853 | 12,311 | 18,368 |
mereb ltd Credit Report and Business Information
Mereb Ltd Competitor Analysis
Perform a competitor analysis for mereb ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in N 7 area or any other competitors across 12 key performance metrics.
mereb ltd Ownership
MEREB LTD group structure
Mereb Ltd has no subsidiary companies.
Ultimate parent company
MEREB LTD
07794633
mereb ltd directors
Mereb Ltd currently has 1 director, Mr Tesfalem Negash serving since Oct 2011.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tesfalem Negash | England | 53 years | Oct 2011 | - | Director |
P&L
October 2023turnover
738.2k
+11%
operating profit
11.7k
0%
gross margin
22.1%
-5.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
65.3k
+0.2%
total assets
239.1k
+0.09%
cash
122.2k
-0.05%
net assets
Total assets minus all liabilities
mereb ltd company details
company number
07794633
Type
Private limited with Share Capital
industry
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
incorporation date
October 2011
age
13
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
October 2023
address
411 holloway road, london, N7 6HJ
accountant
EKB ACCOUNTANCY SERVICES LTD
auditor
-
mereb 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 did not find charges/mortgages relating to mereb ltd.
mereb ltd Companies House Filings - See Documents
| date | description | view/download |
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