
Company Number
10735398
Next Accounts
Dec 2025
Shareholders
kenai holdings ltd
david frederick managh
Group Structure
View All
Industry
Construction of commercial buildings
Registered Address
millennium house, severn link distribution centre, chepstow, NP16 6UN
Pomanda estimates the enterprise value of MET STRUCTURES LIMITED at £9.5m based on a Turnover of £19.3m and 0.49x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of MET STRUCTURES LIMITED at £1.3m based on an EBITDA of £264.9k and a 4.87x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of MET STRUCTURES LIMITED at £1.8m based on Net Assets of £1.2m and 1.5x industry multiple (adjusted for liquidity).
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Met Structures Limited is a live company located in chepstow, NP16 6UN with a Companies House number of 10735398. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in April 2017, it's largest shareholder is kenai holdings ltd with a 90.1% stake. Met Structures Limited is a young, mid sized company, Pomanda has estimated its turnover at £19.3m with high growth in recent years.
Pomanda's financial health check has awarded Met Structures Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £19.3m, make it larger than the average company (£11.4m)
£19.3m - Met Structures Limited
£11.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (9.2%)
- Met Structures Limited
9.2% - Industry AVG
Production
with a gross margin of 18.3%, this company has a comparable cost of product (16%)
18.3% - Met Structures Limited
16% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (4.5%)
0.7% - Met Structures Limited
4.5% - Industry AVG
Employees
with 37 employees, this is similar to the industry average (32)
37 - Met Structures Limited
32 - Industry AVG
Pay Structure
on an average salary of £58.8k, the company has an equivalent pay structure (£55.1k)
£58.8k - Met Structures Limited
£55.1k - Industry AVG
Efficiency
resulting in sales per employee of £522.7k, this is more efficient (£336.5k)
£522.7k - Met Structures Limited
£336.5k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is near the average (47 days)
44 days - Met Structures Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (39 days)
79 days - Met Structures Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (17 days)
0 days - Met Structures Limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (22 weeks)
30 weeks - Met Structures Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.9%, this is a higher level of debt than the average (67.7%)
80.9% - Met Structures Limited
67.7% - Industry AVG
Met Structures Limited's latest turnover from March 2024 is £19.3 million and the company has net assets of £1.2 million. According to their latest financial statements, Met Structures Limited has 37 employees and maintains cash reserves of £2.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
---|---|---|---|---|---|---|---|
Turnover | 19,338,792 | 27,709,349 | 33,956,331 | ||||
Other Income Or Grants | |||||||
Cost Of Sales | 15,797,270 | 23,739,534 | 30,497,285 | ||||
Gross Profit | 3,541,522 | 3,969,815 | 3,459,046 | ||||
Admin Expenses | 3,397,722 | 3,582,263 | 2,364,990 | ||||
Operating Profit | 143,800 | 387,552 | 1,094,056 | ||||
Interest Payable | 3,922 | 1,860 | 1,425 | ||||
Interest Receivable | 252 | ||||||
Pre-Tax Profit | 140,130 | 385,692 | 1,092,631 | ||||
Tax | 84,183 | -68,183 | -78,353 | ||||
Profit After Tax | 224,313 | 317,509 | 1,014,278 | ||||
Dividends Paid | |||||||
Retained Profit | 224,313 | 317,509 | 1,014,278 | ||||
Employee Costs | 2,176,532 | 2,663,687 | 1,699,892 | ||||
Number Of Employees | 37 | 44 | 34 | 21 | 19 | 9 | 3 |
EBITDA* | 264,938 | 491,634 | 1,168,019 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
---|---|---|---|---|---|---|---|
Tangible Assets | 234,689 | 197,488 | 218,425 | 102,630 | 106,796 | 56,313 | 25,877 |
Intangible Assets | 59,856 | 71,069 | 80,284 | 80,716 | 91,257 | 62,794 | 17,980 |
Investments & Other | 100 | 100 | 100 | ||||
Debtors (Due After 1 year) | |||||||
Total Fixed Assets | 294,645 | 268,657 | 298,809 | 183,346 | 198,053 | 119,107 | 43,857 |
Stock & work in progress | 19,260 | 1,668,683 | 19,260 | 3,119 | 3,119 | 3,119 | 42,004 |
Trade Debtors | 2,380,803 | 2,276,863 | 6,994,626 | 1,220,278 | 301,087 | 287,164 | 28,523 |
Group Debtors | 522,242 | 92,417 | 609,892 | 1,329,540 | 168,561 | ||
Misc Debtors | 110,865 | 386,186 | 928,883 | 234,310 | 330,581 | 1,574,476 | 53,698 |
Cash | 2,897,533 | 5,565,185 | 2,532,454 | 801,844 | 121,428 | 315,147 | 204,005 |
misc current assets | |||||||
total current assets | 5,930,703 | 9,989,334 | 10,475,223 | 2,869,443 | 2,085,755 | 2,348,467 | 328,230 |
total assets | 6,225,348 | 10,257,991 | 10,774,032 | 3,052,789 | 2,283,808 | 2,467,574 | 372,087 |
Bank overdraft | |||||||
Bank loan | |||||||
Trade Creditors | 3,434,272 | 5,419,876 | 6,826,297 | 1,665,066 | 1,358,025 | 795,115 | 72,802 |
Group/Directors Accounts | 574,900 | 300,749 | 575,043 | 301,653 | 741,782 | 1,155,080 | |
other short term finances | |||||||
hp & lease commitments | 25,732 | 11,111 | 7,814 | ||||
other current liabilities | 880,435 | 3,456,564 | 2,590,226 | 1,421,840 | 1,098,430 | 1,024,674 | 448,534 |
total current liabilities | 4,915,339 | 9,188,300 | 9,999,380 | 3,388,559 | 3,198,237 | 2,974,869 | 521,336 |
loans | |||||||
hp & lease commitments | 65,701 | 42,696 | 56,177 | ||||
Accruals and Deferred Income | |||||||
other liabilities | |||||||
provisions | 55,000 | 62,000 | 71,000 | 31,033 | 32,993 | ||
total long term liabilities | 120,701 | 104,696 | 127,177 | 31,033 | 32,993 | ||
total liabilities | 5,036,040 | 9,292,996 | 10,126,557 | 3,419,592 | 3,231,230 | 2,974,869 | 521,336 |
net assets | 1,189,308 | 964,995 | 647,475 | -366,803 | -947,422 | -507,295 | -149,249 |
total shareholders funds | 1,189,308 | 964,995 | 647,475 | -366,803 | -947,422 | -507,295 | -149,249 |
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Operating Profit | 143,800 | 387,552 | 1,094,056 | ||||
Depreciation | 107,050 | 90,529 | 62,080 | 46,769 | 36,429 | 16,856 | 2,399 |
Amortisation | 14,088 | 13,553 | 11,883 | 80,716 | 8,842 | 4,259 | 464 |
Tax | 84,183 | -68,183 | -78,353 | ||||
Stock | -1,649,423 | 1,649,423 | 16,141 | -38,885 | 42,004 | ||
Debtors | 258,444 | -5,168,043 | 5,859,029 | 103,272 | -68,993 | 1,947,980 | 82,221 |
Creditors | -1,985,604 | -1,406,421 | 5,161,231 | 307,041 | 562,910 | 722,313 | 72,802 |
Accruals and Deferred Income | -2,576,129 | 866,338 | 1,168,386 | 323,410 | 73,756 | 576,140 | 448,534 |
Deferred Taxes & Provisions | -7,000 | -9,000 | 39,967 | -1,960 | 32,993 | ||
Cash flow from operations | -2,828,633 | 3,392,988 | 1,584,080 | ||||
Investing Activities | |||||||
capital expenditure | |||||||
Change in Investments | 100 | ||||||
cash flow from investments | -100 | ||||||
Financing Activities | |||||||
Bank loans | |||||||
Group/Directors Accounts | 274,151 | -274,294 | 273,390 | -440,129 | -413,298 | 1,155,080 | |
Other Short Term Loans | |||||||
Long term loans | |||||||
Hire Purchase and Lease Commitments | 37,626 | -10,184 | 63,991 | ||||
other long term liabilities | |||||||
share issue | |||||||
interest | -3,670 | -1,860 | -1,425 | ||||
cash flow from financing | 308,107 | -286,327 | 335,956 | ||||
cash and cash equivalents | |||||||
cash | -2,667,652 | 3,032,731 | 1,730,610 | 680,416 | -193,719 | 111,142 | 204,005 |
overdraft | |||||||
change in cash | -2,667,652 | 3,032,731 | 1,730,610 | 680,416 | -193,719 | 111,142 | 204,005 |
Perform a competitor analysis for met structures limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in NP16 area or any other competitors across 12 key performance metrics.
MET STRUCTURES LIMITED group structure
Met Structures Limited has 1 subsidiary company.
Ultimate parent company
1 parent
MET STRUCTURES LIMITED
10735398
1 subsidiary
Met Structures Limited currently has 6 directors. The longest serving directors include Mr Matthew Smith (Apr 2017) and Mr Neil Beatson (Sep 2017).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Matthew Smith | United Kingdom | 56 years | Apr 2017 | - | Director |
Mr Neil Beatson | England | 47 years | Sep 2017 | - | Director |
Mr Neil Beatson | 47 years | Sep 2017 | - | Director | |
Mr David Managh | Northern Ireland | 47 years | Sep 2019 | - | Director |
Mr Ian Cochrane | Northern Ireland | 55 years | Nov 2019 | - | Director |
Mr Ian Cochrane | Northern Ireland | 55 years | Nov 2019 | - | Director |
P&L
March 2024turnover
19.3m
-30%
operating profit
143.8k
-63%
gross margin
18.4%
+27.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1.2m
+0.23%
total assets
6.2m
-0.39%
cash
2.9m
-0.48%
net assets
Total assets minus all liabilities
company number
10735398
Type
Private limited with Share Capital
industry
41201 - Construction of commercial buildings
incorporation date
April 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
UHY HACKER YOUNG
address
millennium house, severn link distribution centre, chepstow, NP16 6UN
Bank
-
Legal Advisor
-
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 met structures limited.
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