meter fit 5 limited
meter fit 5 limited Company Information
Company Number
09709451
Website
http://calvincapital.comRegistered Address
5th floor 1 marsden street, manchester, M2 1HW
Industry
Other business support service activities n.e.c.
Telephone
01612201900
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
meter serve (holdco 2) limited 100%
meter fit 5 limited Estimated Valuation
Pomanda estimates the enterprise value of METER FIT 5 LIMITED at £145.4m based on a Turnover of £86.4m and 1.68x industry multiple (adjusted for size and gross margin).
meter fit 5 limited Estimated Valuation
Pomanda estimates the enterprise value of METER FIT 5 LIMITED at £1.2b based on an EBITDA of £86.4m and a 13.49x industry multiple (adjusted for size and gross margin).
meter fit 5 limited Estimated Valuation
Pomanda estimates the enterprise value of METER FIT 5 LIMITED at £4.9m based on Net Assets of £1.9m and 2.57x industry multiple (adjusted for liquidity).
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Meter Fit 5 Limited Overview
Meter Fit 5 Limited is a live company located in manchester, M2 1HW with a Companies House number of 09709451. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2015, it's largest shareholder is meter serve (holdco 2) limited with a 100% stake. Meter Fit 5 Limited is a young, large sized company, Pomanda has estimated its turnover at £86.4m with healthy growth in recent years.
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Meter Fit 5 Limited Health Check
Pomanda's financial health check has awarded Meter Fit 5 Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
3 Weak
Size
annual sales of £86.4m, make it larger than the average company (£3.8m)
£86.4m - Meter Fit 5 Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (3%)
8% - Meter Fit 5 Limited
3% - Industry AVG
Production
with a gross margin of 57.2%, this company has a lower cost of product (38.8%)
57.2% - Meter Fit 5 Limited
38.8% - Industry AVG
Profitability
an operating margin of 55.3% make it more profitable than the average company (6.3%)
55.3% - Meter Fit 5 Limited
6.3% - Industry AVG
Employees
with 3 employees, this is below the industry average (25)
3 - Meter Fit 5 Limited
25 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Meter Fit 5 Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £28.8m, this is more efficient (£157.8k)
£28.8m - Meter Fit 5 Limited
£157.8k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (44 days)
50 days - Meter Fit 5 Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 251 days, this is slower than average (33 days)
251 days - Meter Fit 5 Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Meter Fit 5 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (24 weeks)
1 weeks - Meter Fit 5 Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.6%, this is a higher level of debt than the average (63.6%)
99.6% - Meter Fit 5 Limited
63.6% - Industry AVG
METER FIT 5 LIMITED financials
Meter Fit 5 Limited's latest turnover from December 2022 is £86.4 million and the company has net assets of £1.9 million. According to their latest financial statements, Meter Fit 5 Limited has 3 employees and maintains cash reserves of £9.6 million 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | 86,410,000 | 80,336,000 | 72,866,000 | 68,663,000 | 45,714,000 | 32,138,000 | 10,844,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 36,985,000 | 37,657,000 | 33,710,000 | 34,931,000 | 26,095,000 | 16,003,000 | 5,216,000 |
| Gross Profit | 49,425,000 | 42,679,000 | 39,156,000 | 33,732,000 | 19,619,000 | 16,135,000 | 5,628,000 |
| Admin Expenses | 1,648,000 | 2,973,000 | 1,806,000 | 1,466,000 | 1,383,000 | 1,157,000 | 989,000 |
| Operating Profit | 47,777,000 | 39,706,000 | 37,350,000 | 32,266,000 | 18,236,000 | 14,978,000 | 4,639,000 |
| Interest Payable | 30,872,000 | 29,575,000 | 84,285,000 | 24,530,000 | 12,148,000 | 8,764,000 | 5,650,000 |
| Interest Receivable | 93,000 | 0 | 31,917,000 | 43,000 | 32,000 | 1,000 | 3,000 |
| Pre-Tax Profit | 16,998,000 | 10,131,000 | -15,018,000 | 7,779,000 | 11,597,000 | 8,028,000 | -33,169,000 |
| Tax | -4,490,000 | -3,996,000 | 2,976,000 | -1,296,000 | -1,959,000 | -1,337,000 | 5,638,000 |
| Profit After Tax | 12,508,000 | 6,135,000 | -12,042,000 | 6,483,000 | 9,638,000 | 6,691,000 | -27,531,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 12,508,000 | 6,135,000 | -12,042,000 | 6,483,000 | 9,638,000 | 6,691,000 | -27,531,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 3 | 3 | 3 | 4 | 3 | ||
| EBITDA* | 86,425,000 | 73,884,000 | 68,200,000 | 61,916,000 | 39,504,000 | 28,657,000 | 4,639,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 448,743,000 | 420,538,000 | 398,737,000 | 384,942,000 | 288,084,000 | 222,455,000 | 126,434,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 646,000 | 861,000 | 988,000 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 449,389,000 | 421,399,000 | 399,725,000 | 384,942,000 | 288,084,000 | 222,455,000 | 126,434,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 11,886,000 | 4,477,000 | 6,943,000 | 6,287,000 | 5,543,000 | 4,149,000 | 2,287,000 |
| Group Debtors | 4,318,000 | 4,262,000 | 1,614,000 | 368,000 | 0 | 0 | 6,000 |
| Misc Debtors | 13,489,000 | 17,371,000 | 15,927,000 | 7,075,000 | 8,339,000 | 9,156,000 | 11,057,000 |
| Cash | 9,556,000 | 3,737,000 | 2,912,000 | 3,834,000 | 2,125,000 | 5,583,000 | 3,081,000 |
| misc current assets | 407,000 | 372,000 | 305,000 | 1,374,000 | 1,690,000 | 2,323,000 | 0 |
| total current assets | 39,656,000 | 30,219,000 | 27,701,000 | 18,938,000 | 17,697,000 | 21,211,000 | 16,431,000 |
| total assets | 489,045,000 | 451,618,000 | 427,426,000 | 403,880,000 | 305,781,000 | 243,666,000 | 142,865,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 25,435,000 | 11,666,000 | 6,639,000 | 4,294,000 | 6,933,000 | 1,839,000 | 17,093,000 |
| Group/Directors Accounts | 447,371,000 | 436,029,000 | 432,416,000 | 0 | 0 | 0 | 107,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 5,809,000 | 2,473,000 | 3,271,000 | 0 | 3,299,000 | 533,000 |
| total current liabilities | 472,806,000 | 453,504,000 | 441,528,000 | 7,565,000 | 6,933,000 | 5,138,000 | 17,733,000 |
| loans | 0 | 0 | 0 | 401,029,000 | 310,045,000 | 259,363,000 | 152,658,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 14,352,000 | 8,735,000 | 2,654,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 14,352,000 | 8,735,000 | 2,654,000 | 401,029,000 | 310,045,000 | 259,363,000 | 152,658,000 |
| total liabilities | 487,158,000 | 462,239,000 | 444,182,000 | 408,594,000 | 316,978,000 | 264,501,000 | 170,391,000 |
| net assets | 1,887,000 | -10,621,000 | -16,756,000 | -4,714,000 | -11,197,000 | -20,835,000 | -27,526,000 |
| total shareholders funds | 1,887,000 | -10,621,000 | -16,756,000 | -4,714,000 | -11,197,000 | -20,835,000 | -27,526,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 47,777,000 | 39,706,000 | 37,350,000 | 32,266,000 | 18,236,000 | 14,978,000 | 4,639,000 |
| Depreciation | 38,648,000 | 34,178,000 | 30,850,000 | 29,650,000 | 21,268,000 | 13,679,000 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -4,490,000 | -3,996,000 | 2,976,000 | -1,296,000 | -1,959,000 | -1,337,000 | 5,638,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,583,000 | 1,626,000 | 10,754,000 | -152,000 | 577,000 | -45,000 | 13,350,000 |
| Creditors | 13,769,000 | 5,027,000 | 2,345,000 | -2,639,000 | 5,094,000 | -15,254,000 | 17,093,000 |
| Accruals and Deferred Income | -5,809,000 | 3,336,000 | -798,000 | 3,271,000 | -3,299,000 | 2,766,000 | 533,000 |
| Deferred Taxes & Provisions | 5,617,000 | 6,081,000 | 2,654,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 91,929,000 | 82,706,000 | 64,623,000 | 61,404,000 | 38,763,000 | 14,877,000 | 14,553,000 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -215,000 | -127,000 | 988,000 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 11,342,000 | 3,613,000 | 432,416,000 | 0 | 0 | -107,000 | 107,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -401,029,000 | 90,984,000 | 50,682,000 | 106,705,000 | 152,658,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -30,779,000 | -29,575,000 | -52,368,000 | -24,487,000 | -12,116,000 | -8,763,000 | -5,647,000 |
| cash flow from financing | -19,437,000 | -25,962,000 | -20,981,000 | 66,497,000 | 38,566,000 | 97,835,000 | 147,123,000 |
| cash and cash equivalents | |||||||
| cash | 5,819,000 | 825,000 | -922,000 | 1,709,000 | -3,458,000 | 2,502,000 | 3,081,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 5,819,000 | 825,000 | -922,000 | 1,709,000 | -3,458,000 | 2,502,000 | 3,081,000 |
meter fit 5 limited Credit Report and Business Information
Meter Fit 5 Limited Competitor Analysis
Perform a competitor analysis for meter fit 5 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
meter fit 5 limited Ownership
METER FIT 5 LIMITED group structure
Meter Fit 5 Limited has no subsidiary companies.
Ultimate parent company
CALISEN MIDCO II LTD
#0140215
2 parents
METER FIT 5 LIMITED
09709451
meter fit 5 limited directors
Meter Fit 5 Limited currently has 6 directors. The longest serving directors include Mr Sean Latus (Jul 2015) and Mrs Sarah Blackburn (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean Latus | England | 55 years | Jul 2015 | - | Director |
| Mrs Sarah Blackburn | England | 43 years | May 2018 | - | Director |
| Mr David Taylor | 48 years | Aug 2021 | - | Director | |
| Mr Matthew Bateman | England | 55 years | Nov 2022 | - | Director |
| Mr Brandon Rennet | United Kingdom | 51 years | Jan 2023 | - | Director |
| Mrs Sandeep Johal | England | 47 years | Jan 2024 | - | Director |
P&L
December 2022turnover
86.4m
+8%
operating profit
47.8m
+20%
gross margin
57.2%
+7.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.9m
-1.18%
total assets
489m
+0.08%
cash
9.6m
+1.56%
net assets
Total assets minus all liabilities
meter fit 5 limited company details
company number
09709451
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
July 2015
age
9
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
5th floor 1 marsden street, manchester, M2 1HW
last accounts submitted
December 2022
meter fit 5 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 5 charges/mortgages relating to meter fit 5 limited. Currently there are 3 open charges and 2 have been satisfied in the past.
meter fit 5 limited Companies House Filings - See Documents
| date | description | view/download |
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