merit property limited
merit property limited Company Information
Company Number
09398962
Next Accounts
May 2025
Shareholders
richard ashford
roy ashford
View AllGroup Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
merit house, units 1-4, whitewall road, rochester, kent, ME2 4WS
merit property limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT PROPERTY LIMITED at £1.2m based on a Turnover of £357.9k and 3.27x industry multiple (adjusted for size and gross margin).
merit property limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT PROPERTY LIMITED at £1.6m based on an EBITDA of £249.5k and a 6.57x industry multiple (adjusted for size and gross margin).
merit property limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT PROPERTY LIMITED at £9.1m based on Net Assets of £5.2m and 1.76x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Merit Property Limited Overview
Merit Property Limited is a live company located in rochester, ME2 4WS with a Companies House number of 09398962. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 2015, it's largest shareholder is richard ashford with a 33.3% stake. Merit Property Limited is a established, micro sized company, Pomanda has estimated its turnover at £357.9k with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Merit Property Limited Health Check
Pomanda's financial health check has awarded Merit Property Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £357.9k, make it smaller than the average company (£833k)
- Merit Property Limited
£833k - Industry AVG
Growth
3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (2.6%)
- Merit Property Limited
2.6% - Industry AVG
Production
with a gross margin of 72.7%, this company has a comparable cost of product (72.7%)
- Merit Property Limited
72.7% - Industry AVG
Profitability
an operating margin of 67.5% make it more profitable than the average company (26.4%)
- Merit Property Limited
26.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
- Merit Property Limited
4 - Industry AVG
Pay Structure
on an average salary of £31k, the company has an equivalent pay structure (£31k)
- Merit Property Limited
£31k - Industry AVG
Efficiency
resulting in sales per employee of £119.3k, this is less efficient (£178.2k)
- Merit Property Limited
£178.2k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is later than average (32 days)
- Merit Property Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (35 days)
- Merit Property Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Merit Property Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Merit Property Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.1%, this is a lower level of debt than the average (67.8%)
55.1% - Merit Property Limited
67.8% - Industry AVG
MERIT PROPERTY LIMITED financials
Merit Property Limited's latest turnover from August 2023 is estimated at £357.9 thousand and the company has net assets of £5.2 million. According to their latest financial statements, we estimate that Merit Property Limited has 3 employees and maintains cash reserves of £255 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 340,300 | 28,511 | |||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | 310,752 | 19,828 | |||||||
| Interest Payable | 65,175 | 23,100 | |||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | 245,577 | -3,272 | |||||||
| Tax | -54,835 | ||||||||
| Profit After Tax | 190,742 | -3,272 | |||||||
| Dividends Paid | |||||||||
| Retained Profit | 190,742 | -3,272 | |||||||
| Employee Costs | |||||||||
| Number Of Employees | |||||||||
| EBITDA* | 310,752 | 19,828 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,331,447 | 9,289,851 | 5,500,000 | 4,250,000 | 4,250,000 | 4,250,000 | 4,150,000 | 3,606,200 | 2,614,752 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 10,331,447 | 9,289,851 | 5,500,000 | 4,250,000 | 4,250,000 | 4,250,000 | 4,150,000 | 3,606,200 | 2,614,752 |
| Stock & work in progress | |||||||||
| Trade Debtors | 43,529 | 24,990 | 20,446 | 10,450 | |||||
| Group Debtors | 510,000 | 510,000 | |||||||
| Misc Debtors | 1,131,344 | 550,333 | 558,247 | 510,000 | 34 | 96,750 | |||
| Cash | 255 | 6,814 | 1,055 | 730 | 4,711 | 5,897 | 12,461 | 10,248 | 31,505 |
| misc current assets | |||||||||
| total current assets | 1,175,128 | 582,137 | 579,748 | 521,180 | 514,711 | 515,931 | 12,461 | 10,248 | 128,255 |
| total assets | 11,506,575 | 9,871,988 | 6,079,748 | 4,771,180 | 4,764,711 | 4,765,931 | 4,162,461 | 3,616,448 | 2,743,007 |
| Bank overdraft | 269,485 | 144,831 | 136,656 | 123,656 | 127,683 | 124,532 | 104,117 | 59,263 | |
| Bank loan | |||||||||
| Trade Creditors | 19,799 | 12,509 | 2,986 | ||||||
| Group/Directors Accounts | 166,909 | 176,659 | 856,339 | ||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 189,860 | 452,636 | 306,650 | 314,787 | 261,151 | 324,785 | 588,899 | 803,010 | 14,640 |
| total current liabilities | 479,144 | 609,976 | 443,306 | 441,429 | 555,743 | 625,976 | 693,016 | 862,273 | 870,979 |
| loans | 4,355,364 | 2,406,199 | 2,559,205 | 2,714,336 | 2,763,320 | 2,892,350 | 2,518,825 | 2,566,404 | 1,875,000 |
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 137,454 | 159,205 | |||||||
| provisions | 1,370,950 | 1,370,950 | 359,822 | 122,322 | 122,322 | 109,446 | 103,322 | ||
| total long term liabilities | 5,863,768 | 3,936,354 | 2,919,027 | 2,836,658 | 2,885,642 | 3,001,796 | 2,622,147 | 2,566,404 | 1,875,000 |
| total liabilities | 6,342,912 | 4,546,330 | 3,362,333 | 3,278,087 | 3,441,385 | 3,627,772 | 3,315,163 | 3,428,677 | 2,745,979 |
| net assets | 5,163,663 | 5,325,658 | 2,717,415 | 1,493,093 | 1,323,326 | 1,138,159 | 847,298 | 187,771 | -2,972 |
| total shareholders funds | 5,163,663 | 5,325,658 | 2,717,415 | 1,493,093 | 1,323,326 | 1,138,159 | 847,298 | 187,771 | -2,972 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 310,752 | 19,828 | |||||||
| Depreciation | 8,075 | 2,019 | |||||||
| Amortisation | |||||||||
| Tax | -54,835 | ||||||||
| Stock | |||||||||
| Debtors | 599,550 | -3,370 | 58,243 | 10,450 | -34 | 510,034 | -96,750 | 96,750 | |
| Creditors | 7,290 | 12,509 | -2,986 | 2,986 | |||||
| Accruals and Deferred Income | -262,776 | 145,986 | -8,137 | 53,636 | -63,634 | -264,114 | -214,111 | 788,370 | 14,640 |
| Deferred Taxes & Provisions | 1,011,128 | 237,500 | 12,876 | 6,124 | 103,322 | ||||
| Cash flow from operations | 1,141,037 | -62,282 | |||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -166,909 | -9,750 | 176,659 | -856,339 | 856,339 | ||||
| Other Short Term Loans | |||||||||
| Long term loans | 1,949,165 | -153,006 | -155,131 | -48,984 | -129,030 | 373,525 | -47,579 | 691,404 | 1,875,000 |
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | -21,751 | 159,205 | |||||||
| share issue | |||||||||
| interest | -65,175 | -23,100 | |||||||
| cash flow from financing | -230,109 | 2,708,539 | |||||||
| cash and cash equivalents | |||||||||
| cash | -6,559 | 5,759 | 325 | -3,981 | -1,186 | -6,564 | 2,213 | -21,257 | 31,505 |
| overdraft | 124,654 | 8,175 | 13,000 | -4,027 | 3,151 | 20,415 | 44,854 | 59,263 | |
| change in cash | -131,213 | -2,416 | -12,675 | 46 | -4,337 | -26,979 | -42,641 | -80,520 | 31,505 |
merit property limited Credit Report and Business Information
Merit Property Limited Competitor Analysis
Perform a competitor analysis for merit property limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in ME2 area or any other competitors across 12 key performance metrics.
merit property limited Ownership
MERIT PROPERTY LIMITED group structure
Merit Property Limited has no subsidiary companies.
Ultimate parent company
MERIT PROPERTY LIMITED
09398962
merit property limited directors
Merit Property Limited currently has 3 directors. The longest serving directors include Mr Roy Ashford (Jan 2015) and Mr Richard Ashford (Jan 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roy Ashford | United Kingdom | 69 years | Jan 2015 | - | Director |
| Mr Richard Ashford | United Kingdom | 46 years | Jan 2015 | - | Director |
| Mr Jamie Ashford | United Kingdom | 48 years | Jan 2015 | - | Director |
P&L
August 2023turnover
357.9k
+80%
operating profit
241.5k
0%
gross margin
72.8%
+0.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
5.2m
-0.03%
total assets
11.5m
+0.17%
cash
255
-0.96%
net assets
Total assets minus all liabilities
merit property limited company details
company number
09398962
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
January 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
merit house, units 1-4, whitewall road, rochester, kent, ME2 4WS
Bank
-
Legal Advisor
-
merit property 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 4 charges/mortgages relating to merit property limited. Currently there are 4 open charges and 0 have been satisfied in the past.
merit property 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.
Click to start generating capital raising & share issue transactions for MERIT PROPERTY LIMITED. This can take several minutes, an email will notify you when this has completed.
merit property limited Companies House Filings - See Documents
| date | description | view/download |
|---|
