Pomanda estimates the enterprise value of MERITARE IT SOLUTIONS LIMITED at £88.8k based on a Turnover of £135k and 0.66x industry multiple (adjusted for size and gross margin).
meritare it solutions limitedEstimated Valuation
£65.6k
Pomanda estimates the enterprise value of MERITARE IT SOLUTIONS LIMITED at £65.6k based on an EBITDA of £14.1k and a 4.64x industry multiple (adjusted for size and gross margin).
meritare it solutions limitedEstimated Valuation
£24.3k
Pomanda estimates the enterprise value of MERITARE IT SOLUTIONS LIMITED at £24.3k based on Net Assets of £10.6k and 2.29x industry multiple (adjusted for liquidity).
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Meritare It Solutions LimitedOverview
Meritare It Solutions Limited is a live company located in essex, RM3 9FE with a Companies House number of 08984927. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in April 2014, it's largest shareholder is
vijaua kumar rayapaneni
with a 50% stake. Meritare It Solutions Limited is a established,
micro sized company, Pomanda has estimated its turnover at
£135k with
declining
growth in recent years.
Pomanda's financial health check has awarded Meritare It Solutions Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
3 Regular
4 Weak
Size
annual sales of £135k, make it smaller than the average company (£1.2m)
£135k - Meritare It Solutions Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (10%)
-1% - Meritare It Solutions Limited
10% - Industry AVG
Production
with a gross margin of 45.9%, this company has a comparable cost of product (45.9%)
45.9% - Meritare It Solutions Limited
45.9% - Industry AVG
Profitability
an operating margin of 9.7% make it more profitable than the average company (5.8%)
9.7% - Meritare It Solutions Limited
5.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (10)
2 - Meritare It Solutions Limited
10 - Industry AVG
Pay Structure
on an average salary of £59.7k, the company has an equivalent pay structure (£59.7k)
£59.7k - Meritare It Solutions Limited
£59.7k - Industry AVG
Efficiency
resulting in sales per employee of £67.5k, this is less efficient (£128.8k)
£67.5k - Meritare It Solutions Limited
£128.8k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (61 days)
28 days - Meritare It Solutions Limited
61 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Meritare It Solutions Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Meritare It Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 31 weeks, this is more cash available to meet short term requirements (17 weeks)
31 weeks - Meritare It Solutions Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.4%, this is a similar level of debt than the average (55.7%)
52.4% - Meritare It Solutions Limited
55.7% - Industry AVG
MERITARE IT SOLUTIONS LIMITED financials
EXPORT
Meritare It Solutions Limited's latest turnover from April 2024 is estimated at £135 thousand and the company has net assets of £10.6 thousand. According to their latest financial statements, Meritare It Solutions Limited has 2 employees and maintains cash reserves of £7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Turnover
135,030
122,609
165,806
139,545
78,948
282,720
237,277
312,167
125,532
55,538
Other Income Or Grants
Cost Of Sales
73,016
62,381
88,534
69,843
37,078
129,340
101,168
125,248
49,698
21,212
Gross Profit
62,014
60,228
77,272
69,702
41,870
153,380
136,109
186,919
75,834
34,326
Admin Expenses
48,900
59,187
72,625
87,609
74,206
158,252
135,441
167,063
65,836
1,214
Operating Profit
13,114
1,041
4,647
-17,907
-32,336
-4,872
668
19,856
9,998
33,112
Interest Payable
581
529
Interest Receivable
696
415
41
172
90
Pre-Tax Profit
13,229
927
4,647
-17,907
-32,336
-4,872
668
19,896
10,170
33,203
Tax
-3,307
-232
-883
-127
-3,780
-2,034
-6,640
Profit After Tax
9,922
695
3,764
-17,907
-32,336
-4,872
541
16,116
8,136
26,562
Dividends Paid
Retained Profit
9,922
695
3,764
-17,907
-32,336
-4,872
541
16,116
8,136
26,562
Employee Costs
119,475
112,981
103,061
47,547
46,645
156,017
157,782
161,425
57,454
57,612
Number Of Employees
2
2
2
1
1
3
3
3
1
1
EBITDA*
14,148
1,041
4,647
-17,907
-32,336
-4,872
668
19,856
9,998
33,112
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Tangible Assets
1,033
1,005
975
7,500
18,093
1,185
1,789
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,033
1,005
975
7,500
18,093
1,185
1,789
Stock & work in progress
Trade Debtors
10,703
8,908
29,006
24,365
11,348
65,683
58,432
67,540
21,000
7,706
Group Debtors
Misc Debtors
3,595
10,000
Cash
7,007
19,514
32,491
36,130
misc current assets
1
total current assets
21,306
28,422
29,006
24,365
11,348
65,683
68,432
67,540
53,491
43,836
total assets
22,339
29,427
29,981
31,865
29,441
66,868
68,432
69,329
53,491
43,836
Bank overdraft
10,322
Bank loan
Trade Creditors
29,977
35,625
15,294
20,385
17,077
18,515
18,783
17,264
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
11,708
18,396
total current liabilities
11,708
28,718
29,977
35,625
15,294
20,385
17,077
18,515
18,783
17,264
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
11,708
28,718
29,977
35,625
15,294
20,385
17,077
18,515
18,783
17,264
net assets
10,631
709
4
-3,760
14,147
46,483
51,355
50,814
34,708
26,572
total shareholders funds
10,631
709
4
-3,760
14,147
46,483
51,355
50,814
34,708
26,572
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Operating Activities
Operating Profit
13,114
1,041
4,647
-17,907
-32,336
-4,872
668
19,856
9,998
33,112
Depreciation
1,034
Amortisation
Tax
-3,307
-232
-883
-127
-3,780
-2,034
-6,640
Stock
Debtors
5,390
-20,098
4,641
13,017
-54,335
-2,749
892
46,540
13,294
7,706
Creditors
-29,977
-5,648
20,331
-5,091
3,308
-1,438
-268
1,519
17,264
Accruals and Deferred Income
-6,688
18,396
Deferred Taxes & Provisions
Cash flow from operations
-1,237
9,326
-6,525
-10,593
16,908
1,185
-1,789
-30,732
-3,811
36,030
Investing Activities
capital expenditure
-1,062
-30
6,525
10,593
-16,908
-1,185
1,789
-1,789
Change in Investments
cash flow from investments
-1,062
-30
6,525
10,593
-16,908
-1,185
1,789
-1,789
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
10
-10
10
interest
115
-114
41
172
90
cash flow from financing
115
-104
31
172
100
cash and cash equivalents
cash
-12,507
19,514
-32,491
-3,639
36,130
overdraft
-10,322
10,322
change in cash
-2,185
9,192
-32,491
-3,639
36,130
meritare it solutions limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for meritare it solutions limited. Get real-time insights into meritare it solutions limited's credit score, group structure and payment trends.
Perform a competitor analysis for meritare it solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in RM3 area or any other competitors across 12 key performance metrics.
meritare it solutions limited Ownership
MERITARE IT SOLUTIONS LIMITED group structure
Meritare It Solutions Limited has no subsidiary companies.
Ultimate parent company
MERITARE IT SOLUTIONS LIMITED
08984927
MERITARE IT SOLUTIONS LIMITED Shareholders
The largest shareholders in Meritare It Solutions Limited include Vijaua Kumar Rayapaneni and Alekhya Bonthu.
vijaua kumar rayapaneni
50%
alekhya bonthu
50%
meritare it solutions limited directors
Meritare It Solutions Limited currently has 1 director, Mr Vijaya Rayapaneni serving since Apr 2014.
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 meritare it solutions limited.
meritare it solutions 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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meritare it solutions limitedCompanies House Filings - See Documents
