Mec Security Limited

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mec security limited Company Information

Live

EstablishedSmallHealthy

Company Number

08322576

Website

www.mecsecurity.com

Registered Address

lakeview house, 4 woodbrook crescent, billericay, essex, CM12 0EQ

Industry

Private security activities

Telephone

01277376080

Next Accounts Due

September 2024

Group Structure

View All

Directors

Ryan Blewitt10 Years

Shareholders

danielle elizabeth coletti 50%

ryan edward blewitt 50%

mec security limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of MEC SECURITY LIMITED at £1.1m based on a Turnover of £2.9m and 0.37x industry multiple (adjusted for size and gross margin).

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Mec Security Limited is a live company located in billericay, CM12 0EQ with a Companies House number of 08322576. It operates in the private security activities sector, SIC Code 80100. Founded in December 2012, it's largest shareholder is danielle elizabeth coletti with a 50% stake. Mec Security Limited is a established, small sized company, Pomanda has estimated its turnover at £2.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Mec Security Limited a 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

Health Rating5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£4m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (2.2%)

EXPORT

Mec Security Limited's latest turnover from December 2022 is estimated at £2.9 million and the company has net assets of £452.6 thousand. According to their latest financial statements, Mec Security Limited has 14 employees and maintains cash reserves of £150.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013
Turnover	2,943,857	3,228,142	2,397,017	2,404,038	2,999,482	2,191,746	1,938,024	3,195,112	953,077	526,447
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,384,654	2,699,395	1,973,874	1,941,973	2,390,023	1,737,692	1,520,176	2,506,224	742,239	402,247
Gross Profit	559,203	528,747	423,143	462,064	609,459	454,054	417,848	688,888	210,838	124,200
Admin Expenses	577,185	566,848	350,745	477,513	570,840	51,733	277,949	701,527	213,451	102,482
Operating Profit	-17,982	-38,101	72,398	-15,449	38,619	402,321	139,899	-12,639	-2,613	21,718
Interest Payable	3,669	2,926	1,951	2,358	2,150	254	0	0	0	0
Interest Receivable	5,046	344	108	434	751	564	117	134	91	39
Pre-Tax Profit	-16,604	-40,682	70,556	-17,373	37,220	402,631	140,016	-12,505	-2,522	21,757
Tax	0	0	-13,406	0	-7,072	-76,500	-28,003	0	0	-5,004
Profit After Tax	-16,604	-40,682	57,150	-17,373	30,148	326,131	112,013	-12,505	-2,522	16,753
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-16,604	-40,682	57,150	-17,373	30,148	326,131	112,013	-12,505	-2,522	16,753
Employee Costs	376,550	102,334	98,197	71,826	1,807,303	45,253	44,057	2,099,755	654,577	391,067
Number Of Employees	14	4	4	3	73	2	2	98	30	18
EBITDA*	67,093	50,757	184,615	120,462	172,429	435,260	139,899	-6,928	1,873	24,949

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013
Tangible Assets	244,357	258,621	330,964	399,623	396,835	96,345	16,731	16,914	20,068	9,693
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	244,357	258,621	330,964	399,623	396,835	96,345	16,731	16,914	20,068	9,693
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	403,782	485,408	231,590	201,996	160,779	750	6,464	228,107	64,123	38,791
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	311,880	303,929	418,814	438,690	393,594	756,232	539,898	0	0	0
Cash	150,076	138,283	137,071	79,913	35,803	164,534	61,119	32,804	20,845	15,616
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	865,738	927,620	787,475	720,599	590,176	921,516	607,481	260,911	84,968	54,407
total assets	1,110,095	1,186,241	1,118,439	1,120,222	987,011	1,017,861	624,212	277,825	105,036	64,100
Bank overdraft	10,000	0	0	13,965	0	0	0	0	0	0
Bank loan	0	10,000	0	0	0	0	0	0	0	0
Trade Creditors	276,103	309,034	283,645	289,973	313,087	405,495	288,413	275,999	90,705	47,247
Group/Directors Accounts	0	0	0	0	0	0	20,559	0	0	0
other short term finances	0	0	0	0	55,891	7,823	0	0	0	0
hp & lease commitments	95,661	0	0	41,029	16,390	0	0	0	0	0
other current liabilities	185,926	337,710	238,783	210,966	80,955	164,573	201,501	0	0	0
total current liabilities	567,690	656,744	522,428	555,933	466,323	577,891	510,473	275,999	90,705	47,247
loans	23,616	33,616	50,000	0	0	0	0	0	0	0
hp & lease commitments	66,180	0	0	111,544	50,570	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	26,668	36,116	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	89,796	60,284	86,116	111,544	50,570	0	0	0	0	0
total liabilities	657,486	717,028	608,544	667,477	516,893	577,891	510,473	275,999	90,705	47,247
net assets	452,609	469,213	509,895	452,745	470,118	439,970	113,739	1,826	14,331	16,853
total shareholders funds	452,609	469,213	509,895	452,745	470,118	439,970	113,739	1,826	14,331	16,853

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013
Operating Activities
Operating Profit	-17,982	-38,101	72,398	-15,449	38,619	402,321	139,899	-12,639	-2,613	21,718
Depreciation	85,075	88,858	112,217	135,911	133,810	32,939	0	5,711	4,486	3,231
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-13,406	0	-7,072	-76,500	-28,003	0	0	-5,004
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-73,675	138,933	9,718	86,313	-202,609	210,620	318,255	163,984	25,332	38,791
Creditors	-32,931	25,389	-6,328	-23,114	-92,408	117,082	12,414	185,294	43,458	47,247
Accruals and Deferred Income	-151,784	98,927	27,817	130,011	-83,618	-36,928	201,501	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-43,947	36,140	182,980	141,046	191,940	228,294	7,556	14,382	19,999	28,401
Investing Activities
capital expenditure	-70,811	-16,515	-43,558	-138,699	-434,300	-112,553	183	-2,557	-14,861	-12,924
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-70,811	-16,515	-43,558	-138,699	-434,300	-112,553	183	-2,557	-14,861	-12,924
Financing Activities
Bank loans	-10,000	10,000	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-20,559	20,559	0	0	0
Other Short Term Loans	0	0	0	-55,891	48,068	7,823	0	0	0	0
Long term loans	-10,000	-16,384	50,000	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	161,841	0	-152,573	85,613	66,960	0	0	0	0	0
other long term liabilities	-26,668	-9,448	36,116	0	0	0	0	0	0	0
share issue	0	0	0	0	0	100	-100	0	0	100
interest	1,377	-2,582	-1,843	-1,924	-1,399	310	117	134	91	39
cash flow from financing	116,550	-18,414	-68,300	27,798	113,629	-12,326	20,576	134	91	139
cash and cash equivalents
cash	11,793	1,212	57,158	44,110	-128,731	103,415	28,315	11,959	5,229	15,616
overdraft	10,000	0	-13,965	13,965	0	0	0	0	0	0
change in cash	1,793	1,212	71,123	30,145	-128,731	103,415	28,315	11,959	5,229	15,616

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEC SECURITY LIMITED group structure

Mec Security Limited has no subsidiary companies.

Ultimate parent company

MEC SECURITY LIMITED

08322576

MEC SECURITY LIMITED Shareholders

danielle elizabeth coletti	50%
ryan edward blewitt	50%

Mec Security Limited currently has 1 director, Mr Ryan Blewitt serving since Aug 2013.

officer	country	age	start	end	role
Mr Ryan Blewitt	England	43 years	Aug 2013	-	Director

P&L

December 2022

turnover

2.9m

-9%

operating profit

-18k

gross margin

19%

+15.97%

turnover

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

Balance Sheet

December 2022

net assets

452.6k

-0.04%

total assets

1.1m

-0.06%

cash

150.1k

+0.09%

net assets

Total assets minus all liabilities

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company number

08322576

Type

Private limited with Share Capital

industry

80100 - Private security activities

incorporation date

December 2012

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

rgb security limited (February 2013)

rbg security limited (December 2012)

incorporated

address

lakeview house, 4 woodbrook crescent, billericay, essex, CM12 0EQ

last accounts submitted

December 2022

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 mec security limited.

mec security limited Company Information

mec security limited Estimated Valuation

mec security limited Estimated Valuation

mec security limited Estimated Valuation

Mec Security Limited Overview

Mec Security Limited Health Check

MEC SECURITY LIMITED financials

mec security limited Credit Report and Business Information

Mec Security Limited Competitor Analysis

mec security limited Ownership

mec security limited directors

mec security limited company details

mec security limited Charges & Mortgages

mec security limited Companies House Filings - See Documents