merit home builders limited
merit home builders limited Company Information
Company Number
11012611
Next Accounts
May 2025
Shareholders
roy ashford
jamie ashford
View AllGroup Structure
View All
Industry
Development of building projects
Registered Address
merit house, units 1-4 whitewall road, rochester, ME2 4WS
Website
www.themeritgroup.co.ukmerit home builders limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT HOME BUILDERS LIMITED at £440 based on a Turnover of £874 and 0.5x industry multiple (adjusted for size and gross margin).
merit home builders limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT HOME BUILDERS LIMITED at £0 based on an EBITDA of £-24 and a 3.65x industry multiple (adjusted for size and gross margin).
merit home builders limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT HOME BUILDERS LIMITED at £0 based on Net Assets of £-182.9k and 1.38x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Merit Home Builders Limited Overview
Merit Home Builders Limited is a live company located in rochester, ME2 4WS with a Companies House number of 11012611. It operates in the development of building projects sector, SIC Code 41100. Founded in October 2017, it's largest shareholder is roy ashford with a 30% stake. Merit Home Builders Limited is a young, micro sized company, Pomanda has estimated its turnover at £874.9 with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Merit Home Builders Limited Health Check
Pomanda's financial health check has awarded Merit Home Builders Limited a 1.5 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 £874.9, make it smaller than the average company (£2.2m)
- Merit Home Builders Limited
£2.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Merit Home Builders Limited
- - Industry AVG
Production
with a gross margin of 26.8%, this company has a comparable cost of product (26.8%)
- Merit Home Builders Limited
26.8% - Industry AVG
Profitability
an operating margin of -2.8% make it less profitable than the average company (7.2%)
- Merit Home Builders Limited
7.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Merit Home Builders Limited
6 - Industry AVG
Pay Structure
on an average salary of £47.2k, the company has an equivalent pay structure (£47.2k)
- Merit Home Builders Limited
£47.2k - Industry AVG
Efficiency
resulting in sales per employee of £874.9, this is less efficient (£271.5k)
- Merit Home Builders Limited
£271.5k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (27 days)
- Merit Home Builders Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 71 days, this is slower than average (30 days)
- Merit Home Builders Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Merit Home Builders Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Merit Home Builders Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 153.1%, this is a higher level of debt than the average (73.3%)
153.1% - Merit Home Builders Limited
73.3% - Industry AVG
MERIT HOME BUILDERS LIMITED financials
Merit Home Builders Limited's latest turnover from August 2023 is estimated at £875 and the company has net assets of -£182.9 thousand. According to their latest financial statements, we estimate that Merit Home Builders Limited has 1 employee and maintains cash reserves of £281 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 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
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 298,974 |
| Trade Debtors | 50 | 0 | 0 | 0 | 0 |
| Group Debtors | 343,860 | 0 | 0 | 0 | 135,215 |
| Misc Debtors | 21 | 344,754 | 444,165 | 456,369 | 2,736 |
| Cash | 281 | 25 | 84 | 0 | 93,476 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 344,212 | 344,779 | 444,249 | 456,369 | 530,401 |
| total assets | 344,212 | 344,779 | 444,249 | 456,369 | 530,401 |
| Bank overdraft | 6,015 | 6,015 | 6,015 | 8,427 | 6,085 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 126 | 0 | 0 | 0 | 3,025 |
| Group/Directors Accounts | 510,000 | 0 | 0 | 0 | 510,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,960 | 520,960 | 615,155 | 624,067 | 15,490 |
| total current liabilities | 527,101 | 526,975 | 621,170 | 632,494 | 534,600 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 527,101 | 526,975 | 621,170 | 632,494 | 534,600 |
| net assets | -182,889 | -182,196 | -176,921 | -176,125 | -4,199 |
| total shareholders funds | -182,889 | -182,196 | -176,921 | -176,125 | -4,199 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 298,974 |
| Debtors | -823 | -99,411 | -12,204 | 456,369 | 137,951 |
| Creditors | 126 | 0 | 0 | 0 | 3,025 |
| Accruals and Deferred Income | -510,000 | -94,195 | -8,912 | 624,067 | 15,490 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 510,000 | 0 | 0 | 0 | 510,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 256 | -59 | 84 | 0 | 93,476 |
| overdraft | 0 | 0 | -2,412 | 8,427 | 6,085 |
| change in cash | 256 | -59 | 2,496 | -8,427 | 87,391 |
merit home builders limited Credit Report and Business Information
Merit Home Builders Limited Competitor Analysis
Perform a competitor analysis for merit home builders limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in ME2 area or any other competitors across 12 key performance metrics.
merit home builders limited Ownership
MERIT HOME BUILDERS LIMITED group structure
Merit Home Builders Limited has no subsidiary companies.
Ultimate parent company
MERIT HOME BUILDERS LIMITED
11012611
merit home builders limited directors
Merit Home Builders Limited currently has 3 directors. The longest serving directors include Mr Roy Ashford (Oct 2017) and Mr Jamie Ashford (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roy Ashford | United Kingdom | 69 years | Oct 2017 | - | Director |
| Mr Jamie Ashford | United Kingdom | 48 years | Nov 2017 | - | Director |
| Mr Richard Ashford | United Kingdom | 46 years | Nov 2017 | - | Director |
P&L
August 2023turnover
874.9
0%
operating profit
-24.4
0%
gross margin
26.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-182.9k
0%
total assets
344.2k
0%
cash
281
+10.24%
net assets
Total assets minus all liabilities
merit home builders limited company details
company number
11012611
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
October 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
merit spaces limited (September 2018)
accountant
-
auditor
-
address
merit house, units 1-4 whitewall road, rochester, ME2 4WS
Bank
-
Legal Advisor
-
merit home builders 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 3 charges/mortgages relating to merit home builders limited. Currently there are 3 open charges and 0 have been satisfied in the past.
merit home builders 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 MERIT HOME BUILDERS LIMITED. This can take several minutes, an email will notify you when this has completed.
merit home builders limited Companies House Filings - See Documents
| date | description | view/download |
|---|
