Meredith Homes Ltd

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meredith homes ltd Company Information

Company Number

10625790

Next Accounts

Sep 2025

Directors

Richard Meredith

Billie Pritchard

Shareholders

billie margaret meredith & richard meredith

Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Registered Address

unit 3 poplars farm, forshaw heath road, solihull, worcs, B94 5JX

Website

meredithhomesinc.com

meredith homes ltd Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of MEREDITH HOMES LTD at £1.8m based on an EBITDA of £283.7k and a 6.45x industry multiple (adjusted for size and gross margin).

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Meredith Homes Ltd is a live company located in solihull, B94 5JX with a Companies House number of 10625790. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 2017, it's largest shareholder is billie margaret meredith & richard meredith with a 100% stake. Meredith Homes Ltd is a young, micro sized company, Pomanda has estimated its turnover at £116.9k with healthy growth in recent years.

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Pomanda's financial health check has awarded Meredith Homes Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £116.9k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3.6%)

EXPORT

Meredith Homes Ltd's latest turnover from December 2023 is estimated at £116.9 thousand and the company has net assets of £98.6 thousand. According to their latest financial statements, Meredith Homes Ltd has 2 employees and maintains cash reserves of £19 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Turnover	116,854	106,858	86,696	84,404	94,803	91,643	268,062
Other Income Or Grants
Cost Of Sales	34,137	31,379	27,358	26,360	31,314	28,663	78,141
Gross Profit	82,717	75,479	59,338	58,045	63,490	62,980	189,920
Admin Expenses	-201,015	-88,568	-28,188	350	-953	39,708	189,920
Operating Profit	283,732	164,047	87,526	57,695	64,443	23,272
Interest Payable	261,782	161,501	66,733	56,639	53,822	22,309
Interest Receivable	2,057	1,454	216	77	28	12
Pre-Tax Profit	24,007	4,000	21,009	1,133	10,648	975
Tax	-6,002	-760	-3,992	-215	-2,023	-185
Profit After Tax	18,005	3,240	17,017	918	8,625	790
Dividends Paid
Retained Profit	18,005	3,240	17,017	918	8,625	790
Employee Costs	66,200	62,756	60,351	56,788	58,223	56,018	53,417
Number Of Employees	2	2	2	2	2	2	2
EBITDA*	283,732	164,047	87,526	57,695	64,443	23,272

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Tangible Assets	2,597,552	2,258,541	1,280,344	798,371	956,473	811,620	100,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	2,597,552	2,258,541	1,280,344	798,371	956,473	811,620	100,000
Stock & work in progress							119,025
Trade Debtors	115	62	42	37	658	752
Group Debtors
Misc Debtors
Cash	19,034	59,319	23,763	148,825	4,243	3,200	131
misc current assets
total current assets	19,149	59,381	23,805	148,862	4,901	3,952	119,156
total assets	2,616,701	2,317,922	1,304,149	947,233	961,374	815,572	219,156
Bank overdraft
Bank loan
Trade Creditors	6,406	5,598	1,389	1,080	1,600	1,398
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	45,604	43,922	13,209	11,554	15,622	12,646	101,757
total current liabilities	52,010	49,520	14,598	12,634	17,222	14,044	101,757
loans	2,466,096	2,187,812	1,212,201	923,266	933,737	661,000
hp & lease commitments
Accruals and Deferred Income
other liabilities						138,738	116,399
provisions
total long term liabilities	2,466,096	2,187,812	1,212,201	923,266	933,737	799,738	116,399
total liabilities	2,518,106	2,237,332	1,226,799	935,900	950,959	813,782	218,156
net assets	98,595	80,590	77,350	11,333	10,415	1,790	1,000
total shareholders funds	98,595	80,590	77,350	11,333	10,415	1,790	1,000

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Operating Profit	283,732	164,047	87,526	57,695	64,443	23,272
Depreciation
Amortisation
Tax	-6,002	-760	-3,992	-215	-2,023	-185
Stock						-119,025	119,025
Debtors	53	20	5	-621	-94	752
Creditors	808	4,209	309	-520	202	1,398
Accruals and Deferred Income	1,682	30,713	1,655	-4,068	2,976	-89,111	101,757
Deferred Taxes & Provisions
Cash flow from operations	280,167	198,189	85,493	53,513	65,692	53,647	-17,268
Investing Activities
capital expenditure	-339,011	-978,197	-481,973	158,102	-144,853	-711,620	-100,000
Change in Investments
cash flow from investments	-339,011	-978,197	-481,973	158,102	-144,853	-711,620	-100,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	278,284	975,611	288,935	-10,471	272,737	661,000
Hire Purchase and Lease Commitments
other long term liabilities					-138,738	22,339	116,399
share issue			49,000				1,000
interest	-259,725	-160,047	-66,517	-56,562	-53,794	-22,297
cash flow from financing	18,559	815,564	271,418	-67,033	80,205	661,042	117,399
cash and cash equivalents
cash	-40,285	35,556	-125,062	144,582	1,043	3,069	131
overdraft
change in cash	-40,285	35,556	-125,062	144,582	1,043	3,069	131

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for meredith homes ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in B94 area or any other competitors across 12 key performance metrics.

MEREDITH HOMES LTD group structure

Meredith Homes Ltd has no subsidiary companies.

Ultimate parent company

MEREDITH HOMES LTD

10625790

MEREDITH HOMES LTD Shareholders

billie margaret meredith & richard meredith

100%

Meredith Homes Ltd currently has 2 directors. The longest serving directors include Mr Richard Meredith (Feb 2017) and Miss Billie Pritchard (Aug 2018).

officer	country	age	start	end	role
Mr Richard Meredith	United Kingdom	36 years	Feb 2017	-	Director
Miss Billie Pritchard	England	33 years	Aug 2018	-	Director

P&L

December 2023

turnover

116.9k

+9%

operating profit

283.7k

gross margin

70.8%

+0.21%

turnover

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

Balance Sheet

December 2023

net assets

98.6k

+0.22%

total assets

2.6m

+0.13%

cash

19k

-0.68%

net assets

Total assets minus all liabilities

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company number

10625790

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

February 2017

ultimate parent company

None

previous names

N/A

address

unit 3 poplars farm, forshaw heath road, solihull, worcs, B94 5JX

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 35 charges/mortgages relating to meredith homes ltd. Currently there are 32 open charges and 3 have been satisfied in the past.

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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meredith homes ltd Company Information

meredith homes ltd Estimated Valuation

meredith homes ltd Estimated Valuation

meredith homes ltd Estimated Valuation

Meredith Homes Ltd Overview

Meredith Homes Ltd Health Check

MEREDITH HOMES LTD financials

meredith homes ltd Credit Report and Business Information

Meredith Homes Ltd Competitor Analysis

meredith homes ltd Ownership

meredith homes ltd directors

meredith homes ltd company details

meredith homes ltd Charges & Mortgages

meredith homes ltd Capital Raised & Share Issues BETA

meredith homes ltd Companies House Filings - See Documents