mec properties limited
mec properties limited Company Information
Company Number
10617106
Next Accounts
Nov 2025
Shareholders
lion uk prime estates limited
caroline martin property limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
5 cavendish street, barrow, LA14 1SF
Website
-mec properties limited Estimated Valuation
Pomanda estimates the enterprise value of MEC PROPERTIES LIMITED at £131.1k based on a Turnover of £332.4k and 0.39x industry multiple (adjusted for size and gross margin).
mec properties limited Estimated Valuation
Pomanda estimates the enterprise value of MEC PROPERTIES LIMITED at £32k based on an EBITDA of £11.1k and a 2.89x industry multiple (adjusted for size and gross margin).
mec properties limited Estimated Valuation
Pomanda estimates the enterprise value of MEC PROPERTIES LIMITED at £0 based on Net Assets of £-149.2k and 2.13x industry multiple (adjusted for liquidity).
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Mec Properties Limited Overview
Mec Properties Limited is a live company located in barrow, LA14 1SF with a Companies House number of 10617106. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2017, it's largest shareholder is lion uk prime estates limited with a 50% stake. Mec Properties Limited is a young, micro sized company, Pomanda has estimated its turnover at £332.4k with declining growth in recent years.
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Mec Properties Limited Health Check
Pomanda's financial health check has awarded Mec Properties Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £332.4k, make it smaller than the average company (£4m)
- Mec Properties Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (8.1%)
- Mec Properties Limited
8.1% - Industry AVG
Production
with a gross margin of 17%, this company has a higher cost of product (38.3%)
- Mec Properties Limited
38.3% - Industry AVG
Profitability
an operating margin of 3.3% make it less profitable than the average company (5.7%)
- Mec Properties Limited
5.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (24)
- Mec Properties Limited
24 - Industry AVG
Pay Structure
on an average salary of £49.8k, the company has an equivalent pay structure (£49.8k)
- Mec Properties Limited
£49.8k - Industry AVG
Efficiency
resulting in sales per employee of £332.4k, this is more efficient (£153.9k)
- Mec Properties Limited
£153.9k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is near the average (39 days)
- Mec Properties Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 249 days, this is slower than average (33 days)
- Mec Properties Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mec Properties Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mec Properties Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 118.9%, this is a higher level of debt than the average (60.7%)
118.9% - Mec Properties Limited
60.7% - Industry AVG
MEC PROPERTIES LIMITED financials
Mec Properties Limited's latest turnover from February 2024 is estimated at £332.4 thousand and the company has net assets of -£149.2 thousand. According to their latest financial statements, we estimate that Mec Properties Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 759,993 | 759,993 | 759,993 | 759,993 | 759,993 | 759,993 | 631,638 |
| Intangible Assets | |||||||
| Investments & Other | 5,186 | ||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 759,993 | 759,993 | 759,993 | 759,993 | 759,993 | 759,993 | 636,824 |
| Stock & work in progress | |||||||
| Trade Debtors | 29,838 | 40,285 | 183,085 | 23,105 | 46,428 | 25,452 | 46,991 |
| Group Debtors | |||||||
| Misc Debtors | 1,159 | 1,462 | 945 | 900 | 863 | ||
| Cash | |||||||
| misc current assets | |||||||
| total current assets | 30,997 | 41,747 | 184,030 | 24,005 | 47,291 | 25,452 | 46,991 |
| total assets | 790,990 | 801,740 | 944,023 | 783,998 | 807,284 | 785,445 | 683,815 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 188,487 | 191,907 | 380,695 | 375,899 | 420,159 | 651,378 | 623,699 |
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | |||||||
| total current liabilities | 188,487 | 191,907 | 380,695 | 375,899 | 420,159 | 651,378 | 623,699 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | 498 | 450 | 400 | 400 | 360 | 360 | |
| other liabilities | 751,253 | 766,957 | 705,214 | 554,077 | 568,819 | 304,710 | 81,871 |
| provisions | 350 | ||||||
| total long term liabilities | 751,751 | 767,407 | 705,614 | 554,477 | 569,179 | 305,070 | 82,221 |
| total liabilities | 940,238 | 959,314 | 1,086,309 | 930,376 | 989,338 | 956,448 | 705,920 |
| net assets | -149,248 | -157,574 | -142,286 | -146,378 | -182,054 | -171,003 | -22,105 |
| total shareholders funds | -149,248 | -157,574 | -142,286 | -146,378 | -182,054 | -171,003 | -22,105 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | -10,750 | -142,283 | 160,025 | -23,286 | 21,839 | -21,539 | 46,991 |
| Creditors | -3,420 | -188,788 | 4,796 | -44,260 | -231,219 | 27,679 | 623,699 |
| Accruals and Deferred Income | 48 | 50 | 40 | 360 | |||
| Deferred Taxes & Provisions | -350 | 350 | |||||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -5,186 | 5,186 | |||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | -15,704 | 61,743 | 151,137 | -14,742 | 264,109 | 222,839 | 81,871 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | |||||||
| overdraft | |||||||
| change in cash |
mec properties limited Credit Report and Business Information
Mec Properties Limited Competitor Analysis
Perform a competitor analysis for mec properties limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in LA14 area or any other competitors across 12 key performance metrics.
mec properties limited Ownership
MEC PROPERTIES LIMITED group structure
Mec Properties Limited has no subsidiary companies.
Ultimate parent company
MEC PROPERTIES LIMITED
10617106
mec properties limited directors
Mec Properties Limited currently has 3 directors. The longest serving directors include Mr Martin Henshaw (Feb 2017) and Mr Eric Promm (Feb 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Henshaw | United Kingdom | 49 years | Feb 2017 | - | Director |
| Mr Eric Promm | Germany | 53 years | Feb 2017 | - | Director |
| Mrs Karen Selmon | United Kingdom | 68 years | Feb 2017 | - | Director |
P&L
February 2024turnover
332.4k
-1%
operating profit
11.1k
0%
gross margin
17.1%
-3.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
-149.2k
-0.05%
total assets
791k
-0.01%
cash
0
0%
net assets
Total assets minus all liabilities
mec properties limited company details
company number
10617106
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
5 cavendish street, barrow, LA14 1SF
Bank
-
Legal Advisor
-
mec properties 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 18 charges/mortgages relating to mec properties limited. Currently there are 5 open charges and 13 have been satisfied in the past.
mec properties 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 MEC PROPERTIES LIMITED. This can take several minutes, an email will notify you when this has completed.
mec properties limited Companies House Filings - See Documents
| date | description | view/download |
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