meldrum facilities limited
meldrum facilities limited Company Information
Company Number
10507438
Next Accounts
Sep 2025
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Shareholders
meldrum construction services group ltd
Group Structure
View All
Contact
Registered Address
pantheon building, lancaster road, dunston, tyne and wear, NE11 9JW
Website
www.meldrumcs.commeldrum facilities limited Estimated Valuation
Pomanda estimates the enterprise value of MELDRUM FACILITIES LIMITED at £457.4k based on a Turnover of £1.3m and 0.34x industry multiple (adjusted for size and gross margin).
meldrum facilities limited Estimated Valuation
Pomanda estimates the enterprise value of MELDRUM FACILITIES LIMITED at £366.6k based on an EBITDA of £109.4k and a 3.35x industry multiple (adjusted for size and gross margin).
meldrum facilities limited Estimated Valuation
Pomanda estimates the enterprise value of MELDRUM FACILITIES LIMITED at £985.2k based on Net Assets of £454.2k and 2.17x industry multiple (adjusted for liquidity).
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Meldrum Facilities Limited Overview
Meldrum Facilities Limited is a live company located in dunston, NE11 9JW with a Companies House number of 10507438. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in December 2016, it's largest shareholder is meldrum construction services group ltd with a 100% stake. Meldrum Facilities Limited is a young, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.
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Meldrum Facilities Limited Health Check
Pomanda's financial health check has awarded Meldrum Facilities Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£8.7m)
- Meldrum Facilities Limited
£8.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (9.2%)
- Meldrum Facilities Limited
9.2% - Industry AVG
Production
with a gross margin of 14%, this company has a higher cost of product (24.5%)
- Meldrum Facilities Limited
24.5% - Industry AVG
Profitability
an operating margin of 8% make it more profitable than the average company (6%)
- Meldrum Facilities Limited
6% - Industry AVG
Employees
with 8 employees, this is below the industry average (37)
8 - Meldrum Facilities Limited
37 - Industry AVG
Pay Structure
on an average salary of £49.8k, the company has an equivalent pay structure (£49.8k)
- Meldrum Facilities Limited
£49.8k - Industry AVG
Efficiency
resulting in sales per employee of £168.3k, this is less efficient (£200.8k)
- Meldrum Facilities Limited
£200.8k - Industry AVG
Debtor Days
it gets paid by customers after 163 days, this is later than average (56 days)
- Meldrum Facilities Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (37 days)
- Meldrum Facilities Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (16 days)
- Meldrum Facilities Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is average cash available to meet short term requirements (20 weeks)
17 weeks - Meldrum Facilities Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.7%, this is a lower level of debt than the average (60.6%)
49.7% - Meldrum Facilities Limited
60.6% - Industry AVG
MELDRUM FACILITIES LIMITED financials
Meldrum Facilities Limited's latest turnover from December 2023 is estimated at £1.3 million and the company has net assets of £454.2 thousand. According to their latest financial statements, Meldrum Facilities Limited has 8 employees and maintains cash reserves of £150.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 2,706,601 | 1,721,299 | 3,720,800 | 1,996,779 | 0 | 230 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 2,426,935 | 1,574,529 | 3,615,990 | 1,595,988 | 0 | 180 | |
| Gross Profit | 279,666 | 146,770 | 104,810 | 400,791 | 0 | 50 | |
| Admin Expenses | 136,505 | 45,558 | 22,972 | 236,942 | 88 | ||
| Operating Profit | 143,161 | 101,212 | 81,838 | 163,849 | -88 | ||
| Interest Payable | 295 | 214 | 150 | 0 | 0 | 0 | |
| Interest Receivable | 23 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 142,889 | 100,998 | 81,688 | 163,849 | -88 | -49,217 | |
| Tax | 484 | -19,401 | 3,945 | -31,009 | 0 | 0 | |
| Profit After Tax | 143,373 | 81,597 | 85,633 | 132,840 | -88 | -49,217 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 143,373 | 81,597 | 85,633 | 132,840 | -88 | -49,217 | |
| Employee Costs | |||||||
| Number Of Employees | 8 | 8 | 10 | 38 | 26 | 2 | 2 |
| EBITDA* | 145,096 | 103,147 | 83,766 | 164,202 | -88 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 169 | 1,589 | 3,524 | 5,459 | 5,300 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 505,840 | 184,322 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 169 | 507,429 | 187,846 | 5,459 | 5,300 | 0 | 0 |
| Stock & work in progress | 1,678 | 1,596 | 2,349 | 0 | 287 | 0 | 0 |
| Trade Debtors | 603,810 | 548,397 | 451,969 | 692,085 | 371,247 | 0 | 0 |
| Group Debtors | 144,669 | 20,967 | 153,535 | 81,921 | 161,310 | 286 | 276 |
| Misc Debtors | 1,271 | 992 | 938 | 68,085 | 0 | 0 | 10 |
| Cash | 150,823 | 310,308 | 175,823 | 363,077 | 207,245 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 902,251 | 882,260 | 784,614 | 1,205,168 | 740,089 | 286 | 286 |
| total assets | 902,420 | 1,389,689 | 972,460 | 1,210,627 | 745,389 | 286 | 286 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 85,922 | 125,195 | 144,351 | 448,702 | 135,472 | 0 | 0 |
| Group/Directors Accounts | 85,921 | 535,958 | 249,693 | 286,812 | 335,187 | 49,581 | 49,493 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 276,296 | 363,989 | 326,758 | 304,895 | 190,284 | 0 | 0 |
| total current liabilities | 448,139 | 1,025,142 | 720,802 | 1,040,409 | 660,943 | 49,581 | 49,493 |
| loans | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 |
| provisions | 42 | 397 | 881 | 1,037 | 901 | 0 | 0 |
| total long term liabilities | 42 | 397 | 881 | 1,037 | 901 | 0 | 0 |
| total liabilities | 448,181 | 1,025,539 | 721,683 | 1,041,446 | 661,844 | 49,581 | 49,493 |
| net assets | 454,239 | 364,150 | 250,777 | 169,181 | 83,545 | -49,295 | -49,207 |
| total shareholders funds | 454,239 | 364,150 | 250,777 | 169,181 | 83,545 | -49,295 | -49,207 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 143,161 | 101,212 | 81,838 | 163,849 | -88 | ||
| Depreciation | 1,420 | 1,935 | 1,935 | 1,928 | 353 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 484 | -19,401 | 3,945 | -31,009 | 0 | 0 | |
| Stock | 82 | -753 | 2,349 | -287 | 287 | 0 | 0 |
| Debtors | -326,446 | 285,432 | -51,327 | 309,534 | 532,271 | 0 | 286 |
| Creditors | -39,273 | -19,156 | -304,351 | 313,230 | 135,472 | 0 | 0 |
| Accruals and Deferred Income | -87,693 | 37,231 | 21,863 | 114,611 | 190,284 | 0 | 0 |
| Deferred Taxes & Provisions | -355 | -484 | -156 | 136 | 901 | 0 | 0 |
| Cash flow from operations | -121,508 | -149,920 | 206,441 | -72,708 | -88 | ||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -450,037 | 286,265 | -37,119 | -48,375 | 285,606 | 88 | 49,493 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -272 | -214 | -150 | 0 | 0 | 0 | |
| cash flow from financing | 255,993 | -37,334 | -48,522 | 285,606 | 88 | 49,503 | |
| cash and cash equivalents | |||||||
| cash | -159,485 | 134,485 | -187,254 | 155,832 | 207,245 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -159,485 | 134,485 | -187,254 | 155,832 | 207,245 | 0 | 0 |
meldrum facilities limited Credit Report and Business Information
Meldrum Facilities Limited Competitor Analysis
Perform a competitor analysis for meldrum facilities limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in NE11 area or any other competitors across 12 key performance metrics.
meldrum facilities limited Ownership
MELDRUM FACILITIES LIMITED group structure
Meldrum Facilities Limited has no subsidiary companies.
Ultimate parent company
1 parent
MELDRUM FACILITIES LIMITED
10507438
meldrum facilities limited directors
Meldrum Facilities Limited currently has 4 directors. The longest serving directors include Mr David Meldrum (Dec 2016) and Mr David Meldrum (Dec 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Meldrum | United Kingdom | 61 years | Dec 2016 | - | Director |
| Mr David Meldrum | United Kingdom | 61 years | Dec 2016 | - | Director |
| Mr Simon Bissell | United Kingdom | 49 years | Dec 2022 | - | Director |
| Mr Brian Lee | United Kingdom | 41 years | Mar 2024 | - | Director |
P&L
December 2023turnover
1.3m
-50%
operating profit
108k
0%
gross margin
14%
+35.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
454.2k
+0.25%
total assets
902.4k
-0.35%
cash
150.8k
-0.51%
net assets
Total assets minus all liabilities
meldrum facilities limited company details
company number
10507438
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
December 2016
age
8
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
ARMSTRONG WATSON
auditor
-
address
pantheon building, lancaster road, dunston, tyne and wear, NE11 9JW
Bank
-
Legal Advisor
-
meldrum facilities 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 meldrum facilities limited.
meldrum facilities 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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meldrum facilities limited Companies House Filings - See Documents
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