Meg Property Services Limited

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meg property services limited Company Information

Live

YoungMicroDeclining

Company Number

09901144

Website

newlondonapartmentrentals.com

Registered Address

woodlands mapperley lane, mapperley, ilkeston, DE7 6BW

Industry

Buying and selling of own real estate

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Gillian Mooney8 Years

Justin Mooney8 Years

Shareholders

meg estates ltd 100%

meg property services limited Estimated Valuation

£557.5k

Pomanda estimates the enterprise value of MEG PROPERTY SERVICES LIMITED at £557.5k based on an EBITDA of £103.5k and a 5.38x industry multiple (adjusted for size and gross margin).

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Meg Property Services Limited is a live company located in ilkeston, DE7 6BW with a Companies House number of 09901144. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in December 2015, it's largest shareholder is meg estates ltd with a 100% stake. Meg Property Services Limited is a young, micro sized company, Pomanda has estimated its turnover at £32.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Meg Property Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £32.8k, make it smaller than the average company (£953.9k)

Growth

3 year (CAGR) sales growth of -82%, show it is growing at a slower rate (1.6%)

EXPORT

Meg Property Services Limited's latest turnover from December 2022 is estimated at £32.8 thousand and the company has net assets of -£12.8 thousand. According to their latest financial statements, we estimate that Meg Property Services Limited has 1 employee and maintains cash reserves of £5.4 thousand 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	32,766	138,281	2,894,027	5,486,429	4,829,533	3,445,384	194,690
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	9,826	40,919	841,074	1,625,242	1,512,229	1,100,134	64,454
Gross Profit	22,940	97,362	2,052,953	3,861,187	3,317,303	2,345,250	130,236
Admin Expenses	-61,544	108,265	2,029,074	3,813,001	3,390,684	2,331,109	145,237
Operating Profit	84,484	-10,903	23,879	48,186	-73,381	14,141	-15,001
Interest Payable	44,839	15,546	0	0	0	0	0
Interest Receivable	154	4	0	0	0	0	0
Pre-Tax Profit	39,799	-26,445	23,879	48,186	-73,381	14,141	-15,001
Tax	-7,562	0	-4,537	-9,155	0	-2,687	0
Profit After Tax	32,237	-26,445	19,342	39,031	-73,381	11,454	-15,001
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	32,237	-26,445	19,342	39,031	-73,381	11,454	-15,001
Employee Costs	38,880	36,671	73,977	939,167	859,408	608,600	37,047
Number Of Employees	1	1	2	23	22	17	1
EBITDA*	103,532	-10,903	23,879	48,186	-73,381	14,141	-6,470

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
Tangible Assets	340,145	343,193	89,661	66,348	53,637	29,695	25,594
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	340,145	343,193	89,661	66,348	53,637	29,695	25,594
Stock & work in progress	90,000	90,000	0	0	0	0	115,000
Trade Debtors	3,600	20,100	398,804	459,659	380,382	282,299	7,200
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	1,688	0	0	0	0	0
Cash	5,436	3,359	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0
total current assets	99,036	115,147	398,804	459,659	380,382	282,299	122,200
total assets	439,181	458,340	488,465	526,007	434,019	311,994	147,794
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	1,016	1,098	489,182	542,611	487,143	304,111	162,793
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	4,423	4,759	0	0	0	0	0
total current liabilities	5,439	5,857	489,182	542,611	487,143	304,111	162,793
loans	446,503	497,481	0	0	0	0	0
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	17,838	21,293	23,804	11,430	0
provisions	0	0	0	0	0	0	0
total long term liabilities	446,503	497,481	17,838	21,293	23,804	11,430	0
total liabilities	451,942	503,338	507,020	563,904	510,947	315,541	162,793
net assets	-12,761	-44,998	-18,555	-37,897	-76,928	-3,547	-14,999
total shareholders funds	-12,761	-44,998	-18,555	-37,897	-76,928	-3,547	-14,999

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
Operating Activities
Operating Profit	84,484	-10,903	23,879	48,186	-73,381	14,141	-15,001
Depreciation	19,048	0	0	0	0	0	8,531
Amortisation	0	0	0	0	0	0	0
Tax	-7,562	0	-4,537	-9,155	0	-2,687	0
Stock	0	90,000	0	0	0	-115,000	115,000
Debtors	-18,188	-377,016	-60,855	79,277	98,083	275,099	7,200
Creditors	-82	-488,084	-53,429	55,468	183,032	141,318	162,793
Accruals and Deferred Income	-336	4,759	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	113,740	-207,212	26,768	15,222	11,568	-7,327	34,123
Investing Activities
capital expenditure	-16,000	-253,532	-23,313	-12,711	-23,942	-4,101	-34,125
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-16,000	-253,532	-23,313	-12,711	-23,942	-4,101	-34,125
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	-50,978	497,481	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	0	-17,838	-3,455	-2,511	12,374	11,430	0
share issue	0	2	0	0	0	-2	2
interest	-44,685	-15,542	0	0	0	0	0
cash flow from financing	-95,663	464,103	-3,455	-2,511	12,374	11,428	2
cash and cash equivalents
cash	2,077	3,359	0	0	0	0	0
overdraft	0	0	0	0	0	0	0
change in cash	2,077	3,359	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEG PROPERTY SERVICES LIMITED group structure

Meg Property Services Limited has no subsidiary companies.

Ultimate parent company

MEG ESTATES LIMITED

13758131

1 parent

MEG PROPERTY SERVICES LIMITED

09901144

MEG PROPERTY SERVICES LIMITED Shareholders

meg estates ltd

100%

Meg Property Services Limited currently has 2 directors. The longest serving directors include Mrs Gillian Mooney (Dec 2015) and Mr Justin Mooney (Dec 2015).

officer	country	age	start	end	role
Mrs Gillian Mooney	United Kingdom	43 years	Dec 2015	-	Director
Mr Justin Mooney	United Kingdom	51 years	Dec 2015	-	Director

P&L

December 2022

turnover

32.8k

-76%

operating profit

84.5k

gross margin

70.1%

-0.56%

turnover

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

Balance Sheet

December 2022

net assets

-12.8k

-0.72%

total assets

439.2k

-0.04%

cash

5.4k

+0.62%

net assets

Total assets minus all liabilities

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company number

09901144

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

December 2015

age

accounts

Total Exemption Full

ultimate parent company

MEG ESTATES LIMITED

previous names

N/A

incorporated

address

woodlands mapperley lane, mapperley, ilkeston, DE7 6BW

last accounts submitted

December 2022

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 meg property services limited.

meg property services limited Company Information

meg property services limited Estimated Valuation

meg property services limited Estimated Valuation

meg property services limited Estimated Valuation

Meg Property Services Limited Overview

Meg Property Services Limited Health Check

MEG PROPERTY SERVICES LIMITED financials

meg property services limited Credit Report and Business Information

Meg Property Services Limited Competitor Analysis

meg property services limited Ownership

meg property services limited directors

meg property services limited company details

meg property services limited Charges & Mortgages

meg property services limited Companies House Filings - See Documents