met structures limited

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met structures limited Company Information

Share MET STRUCTURES LIMITED

Company Number

10735398

Directors

Matthew Smith

Neil Beatson

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Shareholders

kenai holdings ltd

david frederick managh

Group Structure

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Industry

Construction of commercial buildings

 

Registered Address

millennium house, severn link distribution centre, chepstow, NP16 6UN

met structures limited Estimated Valuation

£9.5m

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).

met structures limited Estimated Valuation

£1.3m

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).

met structures limited Estimated Valuation

£1.8m

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 Overview

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.

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Met Structures Limited Health Check

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

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

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

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (9.2%)

26% - Met Structures Limited

9.2% - Industry AVG

production

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

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

Employees

with 37 employees, this is similar to the industry average (32)

37 - Met Structures Limited

32 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £522.7k, this is more efficient (£336.5k)

£522.7k - Met Structures Limited

£336.5k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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 financials

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Turnover19,338,79227,709,34933,956,3319,747,6085,963,2293,488,610556,789
Other Income Or Grants
Cost Of Sales15,797,27023,739,53430,497,2858,294,4615,022,1592,923,111468,666
Gross Profit3,541,5223,969,8153,459,0461,453,147941,070565,49988,123
Admin Expenses3,397,7223,582,2632,364,990736,7951,381,415925,492237,982
Operating Profit143,800387,5521,094,056716,352-440,345-359,993-149,859
Interest Payable3,9221,8601,425
Interest Receivable2524622181,947510
Pre-Tax Profit140,130385,6921,092,631716,814-440,127-358,046-149,349
Tax84,183-68,183-78,353-136,195
Profit After Tax224,313317,5091,014,278580,619-440,127-358,046-149,349
Dividends Paid
Retained Profit224,313317,5091,014,278580,619-440,127-358,046-149,349
Employee Costs2,176,5322,663,6871,699,8921,008,226930,135430,225140,551
Number Of Employees374434211993
EBITDA*264,938491,6341,168,019843,837-395,074-338,878-146,996

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Tangible Assets234,689197,488218,425102,630106,79656,31325,877
Intangible Assets59,85671,06980,28480,71691,25762,79417,980
Investments & Other100100100
Debtors (Due After 1 year)
Total Fixed Assets294,645268,657298,809183,346198,053119,10743,857
Stock & work in progress19,2601,668,68319,2603,1193,1193,11942,004
Trade Debtors2,380,8032,276,8636,994,6261,220,278301,087287,16428,523
Group Debtors522,24292,417609,8921,329,540168,561
Misc Debtors110,865386,186928,883234,310330,5811,574,47653,698
Cash2,897,5335,565,1852,532,454801,844121,428315,147204,005
misc current assets
total current assets5,930,7039,989,33410,475,2232,869,4432,085,7552,348,467328,230
total assets6,225,34810,257,99110,774,0323,052,7892,283,8082,467,574372,087
Bank overdraft
Bank loan
Trade Creditors 3,434,2725,419,8766,826,2971,665,0661,358,025795,11572,802
Group/Directors Accounts574,900300,749575,043301,653741,7821,155,080
other short term finances
hp & lease commitments25,73211,1117,814
other current liabilities880,4353,456,5642,590,2261,421,8401,098,4301,024,674448,534
total current liabilities4,915,3399,188,3009,999,3803,388,5593,198,2372,974,869521,336
loans
hp & lease commitments65,70142,69656,177
Accruals and Deferred Income
other liabilities
provisions55,00062,00071,00031,03332,993
total long term liabilities120,701104,696127,17731,03332,993
total liabilities5,036,0409,292,99610,126,5573,419,5923,231,2302,974,869521,336
net assets1,189,308964,995647,475-366,803-947,422-507,295-149,249
total shareholders funds1,189,308964,995647,475-366,803-947,422-507,295-149,249
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Operating Activities
Operating Profit143,800387,5521,094,056716,352-440,345-359,993-149,859
Depreciation107,05090,52962,08046,76936,42916,8562,399
Amortisation14,08813,55311,88380,7168,8424,259464
Tax84,183-68,183-78,353-136,195
Stock-1,649,4231,649,42316,141-38,88542,004
Debtors258,444-5,168,0435,859,029103,272-68,9931,947,98082,221
Creditors-1,985,604-1,406,4215,161,231307,041562,910722,31372,802
Accruals and Deferred Income-2,576,129866,3381,168,386323,41073,756576,140448,534
Deferred Taxes & Provisions-7,000-9,00039,967-1,96032,993
Cash flow from operations-2,828,6333,392,9881,584,0801,232,861343,578-949,520250,115
Investing Activities
capital expenditure-112,778-124,217-96,365-46,720
Change in Investments100
cash flow from investments-100-112,778-124,217-96,365-46,720
Financing Activities
Bank loans
Group/Directors Accounts274,151-274,294273,390-440,129-413,2981,155,080
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments37,626-10,18463,991
other long term liabilities
share issue11100
interest-3,670-1,860-1,4254622181,947510
cash flow from financing308,107-286,327335,956-439,667-413,0801,157,027610
cash and cash equivalents
cash-2,667,6523,032,7311,730,610680,416-193,719111,142204,005
overdraft
change in cash-2,667,6523,032,7311,730,610680,416-193,719111,142204,005

met structures limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Met Structures Limited Competitor Analysis

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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 Ownership

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 Shareholders

kenai holdings ltd 90.09%
david frederick managh 9.91%

met structures limited directors

Met Structures Limited currently has 6 directors. The longest serving directors include Mr Matthew Smith (Apr 2017) and Mr Neil Beatson (Sep 2017).

officercountryagestartendrole
Mr Matthew SmithUnited Kingdom56 years Apr 2017- Director
Mr Neil BeatsonEngland47 years Sep 2017- Director
Mr Neil Beatson47 years Sep 2017- Director
Mr David ManaghNorthern Ireland47 years Sep 2019- Director
Mr Ian CochraneNorthern Ireland55 years Nov 2019- Director
Mr Ian CochraneNorthern Ireland55 years Nov 2019- Director

P&L

March 2024

turnover

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 2024

net assets

1.2m

+0.23%

total assets

6.2m

-0.39%

cash

2.9m

-0.48%

net assets

Total assets minus all liabilities

met structures limited company details

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

-

met structures 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 met structures limited.

met structures 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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met structures limited Companies House Filings - See Documents

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