Meirow Diamonds London Limited

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meirow diamonds london limited Company Information

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Company Number

09721041

Website

Registered Address

45 chase court gardens, enfield, EN2 8DJ

Industry

Retail sale of watches and jewellery in specialised stores

Telephone

Next Accounts Due

May 2025

Group Structure

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Directors

Marc Meirow8 Years

Shareholders

celia sherin meirow 40%

marc igal meirow 40%

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meirow diamonds london limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of MEIROW DIAMONDS LONDON LIMITED at £2.5m based on Net Assets of £964.8k and 2.55x industry multiple (adjusted for liquidity).

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Meirow Diamonds London Limited is a live company located in enfield, EN2 8DJ with a Companies House number of 09721041. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in August 2015, it's largest shareholder is celia sherin meirow with a 40% stake. Meirow Diamonds London Limited is a young, small sized company, Pomanda has estimated its turnover at £3.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Meirow Diamonds London 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

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £3.7m, make it smaller than the average company (£10.1m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (11.6%)

EXPORT

Meirow Diamonds London Limited's latest turnover from August 2023 is estimated at £3.7 million and the company has net assets of £964.8 thousand. According to their latest financial statements, Meirow Diamonds London Limited has 3 employees and maintains cash reserves of £1.4 million 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
Turnover	3,744,652	4,483,688	3,859,300	2,767,216	4,355,582	5,108,702	4,624,761	13,810,724
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	2,402,920	2,938,440	2,554,535	1,742,199	2,570,828	2,950,393	2,603,388	7,926,438
Gross Profit	1,341,732	1,545,248	1,304,766	1,025,017	1,784,754	2,158,309	2,021,373	5,884,286
Admin Expenses	1,266,022	1,444,365	1,357,864	630,854	1,266,347	2,104,880	2,032,043	5,841,313
Operating Profit	75,710	100,883	-53,098	394,163	518,407	53,429	-10,670	42,973
Interest Payable	0	0	0	0	0	0	1	1
Interest Receivable	60,343	12,984	1,039	1,142	7,362	7,529	2,284	1,342
Pre-Tax Profit	136,053	113,867	-52,059	395,305	525,769	60,958	-8,387	44,314
Tax	-34,013	-21,635	0	-75,108	-99,896	-11,582	0	-8,863
Profit After Tax	102,040	92,232	-52,059	320,197	425,873	49,376	-8,387	35,451
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	102,040	92,232	-52,059	320,197	425,873	49,376	-8,387	35,451
Employee Costs	100,941	61,596	49,629	49,801	49,657	73,658	64,969	68,132
Number Of Employees	3	2	2	2	2	3	3	3
EBITDA*	76,549	101,562	-52,697	394,560	518,904	53,429	-10,670	42,973

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016
Tangible Assets	2,520	2,037	1,523	1,591	1,988	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0
Total Fixed Assets	2,520	2,037	1,523	1,591	1,988	0	0	0
Stock & work in progress	250,000	850,000	850,000	250,000	150,000	660,000	400,000	527,557
Trade Debtors	580,387	833,131	536,287	305,970	814,510	708,982	675,696	1,080,582
Group Debtors	0	0	0	0	0	0	0	0
Misc Debtors	11,695	12,710	10,030	50,525	54,647	8,028	0	48,306
Cash	1,433,781	979,937	503,932	1,574,246	708,820	1,254,322	753,392	1,073,421
misc current assets	0	0	0	0	0	0	0	0
total current assets	2,275,863	2,675,778	1,900,249	2,180,741	1,727,977	2,631,332	1,829,088	2,729,866
total assets	2,278,383	2,677,815	1,901,772	2,182,332	1,729,965	2,631,332	1,829,088	2,729,866
Bank overdraft	0	0	0	0	0	0	0	30
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	325,507	416,070	316,859	1,092,157	1,025,115	2,464,040	1,635,471	2,430,157
Group/Directors Accounts	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
other current liabilities	338,053	398,962	814,362	267,565	202,437	90,752	166,453	264,128
total current liabilities	663,560	815,032	1,131,221	1,359,722	1,227,552	2,554,792	1,801,924	2,694,315
loans	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	650,000	1,000,000	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0
total long term liabilities	650,000	1,000,000	0	0	0	0	0	0
total liabilities	1,313,560	1,815,032	1,131,221	1,359,722	1,227,552	2,554,792	1,801,924	2,694,315
net assets	964,823	862,783	770,551	822,610	502,413	76,540	27,164	35,551
total shareholders funds	964,823	862,783	770,551	822,610	502,413	76,540	27,164	35,551

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016
Operating Activities
Operating Profit	75,710	100,883	-53,098	394,163	518,407	53,429	-10,670	42,973
Depreciation	839	679	401	397	497	0	0	0
Amortisation	0	0	0	0	0	0	0	0
Tax	-34,013	-21,635	0	-75,108	-99,896	-11,582	0	-8,863
Stock	-600,000	0	600,000	100,000	-510,000	260,000	-127,557	527,557
Debtors	-253,759	299,524	189,822	-512,662	152,147	41,314	-453,192	1,128,888
Creditors	-90,563	99,211	-775,298	67,042	-1,438,925	828,569	-794,686	2,430,157
Accruals and Deferred Income	-60,909	-415,400	546,797	65,128	111,685	-75,701	-97,675	264,128
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0
Cash flow from operations	744,823	-535,786	-1,071,020	864,284	-550,379	493,401	-322,282	1,071,950
Investing Activities
capital expenditure	-1,322	-1,193	-333	0	-2,485	0	0	0
Change in Investments	0	0	0	0	0	0	0	0
cash flow from investments	-1,322	-1,193	-333	0	-2,485	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0
other long term liabilities	-350,000	1,000,000	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	100
interest	60,343	12,984	1,039	1,142	7,362	7,529	2,283	1,341
cash flow from financing	-289,657	1,012,984	1,039	1,142	7,362	7,529	2,283	1,441
cash and cash equivalents
cash	453,844	476,005	-1,070,314	865,426	-545,502	500,930	-320,029	1,073,421
overdraft	0	0	0	0	0	0	-30	30
change in cash	453,844	476,005	-1,070,314	865,426	-545,502	500,930	-319,999	1,073,391

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEIROW DIAMONDS LONDON LIMITED group structure

Meirow Diamonds London Limited has no subsidiary companies.

Ultimate parent company

MEIROW DIAMONDS LONDON LIMITED

09721041

MEIROW DIAMONDS LONDON LIMITED Shareholders

celia sherin meirow	40%
marc igal meirow	40%
helga meirow	20%

Meirow Diamonds London Limited currently has 1 director, Mr Marc Meirow serving since Aug 2015.

officer	country	age	start	end	role
Mr Marc Meirow	England	69 years	Aug 2015	-	Director

P&L

August 2023

turnover

3.7m

-16%

operating profit

75.7k

gross margin

35.9%

+3.97%

turnover

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

Balance Sheet

August 2023

net assets

964.8k

+0.12%

total assets

2.3m

-0.15%

cash

1.4m

+0.46%

net assets

Total assets minus all liabilities

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company number

09721041

Type

Private limited with Share Capital

industry

47770 - Retail sale of watches and jewellery in specialised stores

incorporation date

August 2015

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

45 chase court gardens, enfield, EN2 8DJ

last accounts submitted

August 2023

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 meirow diamonds london limited.

meirow diamonds london limited Company Information

meirow diamonds london limited Estimated Valuation

meirow diamonds london limited Estimated Valuation

meirow diamonds london limited Estimated Valuation

Meirow Diamonds London Limited Overview

Meirow Diamonds London Limited Health Check

MEIROW DIAMONDS LONDON LIMITED financials

meirow diamonds london limited Credit Report and Business Information

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meirow diamonds london limited Ownership

meirow diamonds london limited directors

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