mec & associates limited

Live EstablishedMicroDeclining

mec & associates limited Company Information

Share MEC & ASSOCIATES LIMITED

Company Number

09250288

Shareholders

eusebius chipangura

Group Structure

View All

Industry

Bookkeeping activities

 

Registered Address

6 deerhurst road, daventry, NN11 2PS

mec & associates limited Estimated Valuation

£4.1k

Pomanda estimates the enterprise value of MEC & ASSOCIATES LIMITED at £4.1k based on a Turnover of £10.5k and 0.39x industry multiple (adjusted for size and gross margin).

mec & associates limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MEC & ASSOCIATES LIMITED at £0 based on an EBITDA of £-892 and a 1.83x industry multiple (adjusted for size and gross margin).

mec & associates limited Estimated Valuation

£16.3k

Pomanda estimates the enterprise value of MEC & ASSOCIATES LIMITED at £16.3k based on Net Assets of £4.4k and 3.69x industry multiple (adjusted for liquidity).

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Mec & Associates Limited Overview

Mec & Associates Limited is a live company located in daventry, NN11 2PS with a Companies House number of 09250288. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in October 2014, it's largest shareholder is eusebius chipangura with a 100% stake. Mec & Associates Limited is a established, micro sized company, Pomanda has estimated its turnover at £10.5k with declining growth in recent years.

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Mec & Associates Limited Health Check

Pomanda's financial health check has awarded Mec & Associates Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating0.5out of 5
positive_score

0 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £10.5k, make it smaller than the average company (£83.7k)

£10.5k - Mec & Associates Limited

£83.7k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (4.8%)

-27% - Mec & Associates Limited

4.8% - Industry AVG

production

Production

with a gross margin of 23.1%, this company has a higher cost of product (60.7%)

23.1% - Mec & Associates Limited

60.7% - Industry AVG

profitability

Profitability

an operating margin of -8.5% make it less profitable than the average company (7.8%)

-8.5% - Mec & Associates Limited

7.8% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (2)

1 - Mec & Associates Limited

2 - Industry AVG

paystructure

Pay Structure

on an average salary of £16.5k, the company has an equivalent pay structure (£16.5k)

£16.5k - Mec & Associates Limited

£16.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £10.5k, this is less efficient (£51.1k)

£10.5k - Mec & Associates Limited

£51.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 118 days, this is later than average (66 days)

118 days - Mec & Associates Limited

66 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Mec & Associates Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Mec & Associates Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Mec & Associates Limited

- - Industry AVG

debtlevel

Debt Level

There is insufficient data available for this Key Performance Indicator!

- - Mec & Associates Limited

- - Industry AVG

MEC & ASSOCIATES LIMITED financials

EXPORTms excel logo

Mec & Associates Limited's latest turnover from October 2023 is estimated at £10.5 thousand and the company has net assets of £4.4 thousand. According to their latest financial statements, we estimate that Mec & Associates Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015
Turnover10,5009,03313,10927,22526,06114,33310,64310,1920
Other Income Or Grants000000000
Cost Of Sales8,0775,4976,5339,9319,3084,3533,4823,5970
Gross Profit2,4233,5366,57617,29516,7549,9807,1616,5950
Admin Expenses3,3155,90912,44712,24111,7226,7485,9384,501-125
Operating Profit-892-2,373-5,8715,0545,0323,2321,2232,094125
Interest Payable000000000
Interest Receivable000000000
Pre-Tax Profit-892-2,373-5,8715,0545,0323,2321,2232,094125
Tax000-960-956-614-232-419-25
Profit After Tax-892-2,373-5,8714,0944,0762,6189911,675100
Dividends Paid000000000
Retained Profit-892-2,373-5,8714,0944,0762,6189911,675100
Employee Costs16,50415,99316,07315,22812,78916,40815,71320,7530
Number Of Employees111111110
EBITDA*-892-2,373-5,8715,0545,0323,2321,2232,094125

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015
Tangible Assets000000000
Intangible Assets000000000
Investments & Other1,0001,0001,0001,0001,000000100
Debtors (Due After 1 year)000000000
Total Fixed Assets1,0001,0001,0001,0001,000000100
Stock & work in progress000000000
Trade Debtors3,4184,3106,68312,5548,4605,4002,7662,5820
Group Debtors000000000
Misc Debtors000000000
Cash000000000
misc current assets000000000
total current assets3,4184,3106,68312,5548,4605,4002,7662,5820
total assets4,4185,3107,68313,5549,4605,4002,7662,582100
Bank overdraft000000000
Bank loan000000000
Trade Creditors 00000160960
Group/Directors Accounts000000000
other short term finances000000000
hp & lease commitments000000000
other current liabilities000000000
total current liabilities00000160960
loans000000000
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities000000000
provisions000000000
total long term liabilities000000000
total liabilities00000160960
net assets4,4185,3107,68313,5549,4605,3842,7662,486100
total shareholders funds4,4185,3107,68313,5549,4605,3842,7662,486100
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015
Operating Activities
Operating Profit-892-2,373-5,8715,0545,0323,2321,2232,094125
Depreciation000000000
Amortisation000000000
Tax000-960-956-614-232-419-25
Stock000000000
Debtors-892-2,373-5,8714,0943,0602,6341842,5820
Creditors0000-1616-96960
Accruals and Deferred Income000000000
Deferred Taxes & Provisions000000000
Cash flow from operations00001,0000711-811100
Investing Activities
capital expenditure000000000
Change in Investments00001,00000-100100
cash flow from investments0000-1,00000100-100
Financing Activities
Bank loans000000000
Group/Directors Accounts000000000
Other Short Term Loans 000000000
Long term loans000000000
Hire Purchase and Lease Commitments000000000
other long term liabilities000000000
share issue000000-7117110
interest000000000
cash flow from financing000000-7117110
cash and cash equivalents
cash000000000
overdraft000000000
change in cash000000000

mec & associates limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mec & Associates Limited Competitor Analysis

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Perform a competitor analysis for mec & associates limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in NN11 area or any other competitors across 12 key performance metrics.

mec & associates limited Ownership

MEC & ASSOCIATES LIMITED group structure

Mec & Associates Limited has no subsidiary companies.

Ultimate parent company

MEC & ASSOCIATES LIMITED

09250288

MEC & ASSOCIATES LIMITED Shareholders

eusebius chipangura 100%

mec & associates limited directors

Mec & Associates Limited currently has 1 director, Mr Eusebius Chipangura serving since Oct 2014.

officercountryagestartendrole
Mr Eusebius ChipanguraUnited Kingdom51 years Oct 2014- Director

P&L

October 2023

turnover

10.5k

+16%

operating profit

-892

0%

gross margin

23.1%

-41.06%

turnover

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

Balance Sheet

October 2023

net assets

4.4k

-0.17%

total assets

4.4k

-0.17%

cash

0

0%

net assets

Total assets minus all liabilities

mec & associates limited company details

company number

09250288

Type

Private limited with Share Capital

industry

69202 - Bookkeeping activities

incorporation date

October 2014

age

11

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

October 2023

previous names

N/A

accountant

-

auditor

-

address

6 deerhurst road, daventry, NN11 2PS

Bank

-

Legal Advisor

-

mec & associates 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 mec & associates limited.

mec & associates 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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mec & associates limited Companies House Filings - See Documents

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