meercat boats limited
meercat boats limited Company Information
Company Number
11039128
Next Accounts
171 days late
Industry
Repair and maintenance of ships and boats
Shareholders
topbond holdings limited
Group Structure
View All
Contact
Registered Address
5th floor grove house, 248a marylebone road, london, NW1 6BB
Website
www.meercatboats.commeercat boats limited Estimated Valuation
Pomanda estimates the enterprise value of MEERCAT BOATS LIMITED at £556k based on a Turnover of £1.2m and 0.45x industry multiple (adjusted for size and gross margin).
meercat boats limited Estimated Valuation
Pomanda estimates the enterprise value of MEERCAT BOATS LIMITED at £0 based on an EBITDA of £-21.3k and a 4.59x industry multiple (adjusted for size and gross margin).
meercat boats limited Estimated Valuation
Pomanda estimates the enterprise value of MEERCAT BOATS LIMITED at £0 based on Net Assets of £-94.4k and 2.49x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Meercat Boats Limited Overview
Meercat Boats Limited is a live company located in london, NW1 6BB with a Companies House number of 11039128. It operates in the repair and maintenance of ships and boats sector, SIC Code 33150. Founded in October 2017, it's largest shareholder is topbond holdings limited with a 100% stake. Meercat Boats Limited is a young, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Meercat Boats Limited Health Check
Pomanda's financial health check has awarded Meercat Boats Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£5.4m)
- Meercat Boats Limited
£5.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (3.5%)
- Meercat Boats Limited
3.5% - Industry AVG
Production
with a gross margin of 29.9%, this company has a comparable cost of product (29.9%)
- Meercat Boats Limited
29.9% - Industry AVG
Profitability
an operating margin of -3.7% make it less profitable than the average company (5.3%)
- Meercat Boats Limited
5.3% - Industry AVG
Employees
with 11 employees, this is below the industry average (35)
11 - Meercat Boats Limited
35 - Industry AVG
Pay Structure
on an average salary of £44.2k, the company has an equivalent pay structure (£44.2k)
- Meercat Boats Limited
£44.2k - Industry AVG
Efficiency
resulting in sales per employee of £111.1k, this is less efficient (£131.5k)
- Meercat Boats Limited
£131.5k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is earlier than average (56 days)
- Meercat Boats Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (55 days)
- Meercat Boats Limited
55 days - Industry AVG
Stock Days
it holds stock equivalent to 110 days, this is more than average (24 days)
- Meercat Boats Limited
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (26 weeks)
2 weeks - Meercat Boats Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 113.7%, this is a higher level of debt than the average (59.6%)
113.7% - Meercat Boats Limited
59.6% - Industry AVG
MEERCAT BOATS LIMITED financials
Meercat Boats Limited's latest turnover from September 2022 is estimated at £1.2 million and the company has net assets of -£94.4 thousand. According to their latest financial statements, Meercat Boats Limited has 11 employees and maintains cash reserves of £26.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 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 | 11 | 13 | 9 | 14 | 15 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 142,671 | 165,462 | 189,027 | 212,847 | 200,876 |
| Intangible Assets | 17 | 217 | 417 | 617 | 817 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 142,688 | 165,679 | 189,444 | 213,464 | 201,693 |
| Stock & work in progress | 260,461 | 717,964 | 24,286 | 125,098 | 473,373 |
| Trade Debtors | 122,179 | 7,893 | 109,484 | 107,205 | 1,183,186 |
| Group Debtors | 0 | 0 | 2,356 | 878 | 0 |
| Misc Debtors | 137,601 | 127,483 | 145,831 | 244,753 | 277,857 |
| Cash | 26,265 | 199,645 | 133,978 | 51,785 | 27,280 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 546,506 | 1,052,985 | 415,935 | 529,719 | 1,961,696 |
| total assets | 689,194 | 1,218,664 | 605,379 | 743,183 | 2,163,389 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 40,000 | 40,000 | 13,333 | 0 | 0 |
| Trade Creditors | 190,536 | 222,819 | 153,055 | 177,546 | 128,122 |
| Group/Directors Accounts | 10,359 | 18,415 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 46,954 | 67,636 |
| other current liabilities | 432,737 | 825,078 | 88,416 | 108,339 | 1,877,657 |
| total current liabilities | 673,632 | 1,106,312 | 254,804 | 332,839 | 2,073,415 |
| loans | 110,000 | 150,000 | 186,667 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 46,954 |
| 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 | 110,000 | 150,000 | 186,667 | 0 | 46,954 |
| total liabilities | 783,632 | 1,256,312 | 441,471 | 332,839 | 2,120,369 |
| net assets | -94,438 | -37,648 | 163,908 | 410,344 | 43,020 |
| total shareholders funds | -94,438 | -37,648 | 163,908 | 410,344 | 43,020 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 23,820 | 23,820 | 23,820 | 24,422 | 20,225 |
| Amortisation | 200 | 200 | 200 | 200 | 182 |
| Tax | |||||
| Stock | -457,503 | 693,678 | -100,812 | -348,275 | 473,373 |
| Debtors | 124,404 | -122,295 | -95,165 | -1,108,207 | 1,461,043 |
| Creditors | -32,283 | 69,764 | -24,491 | 49,424 | 128,122 |
| Accruals and Deferred Income | -392,341 | 736,662 | -19,923 | -1,769,318 | 1,877,657 |
| 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 | 26,667 | 13,333 | 0 | 0 |
| Group/Directors Accounts | -8,056 | 18,415 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -40,000 | -36,667 | 186,667 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | -46,954 | -67,636 | 114,590 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -173,380 | 65,667 | 82,193 | 24,505 | 27,280 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -173,380 | 65,667 | 82,193 | 24,505 | 27,280 |
meercat boats limited Credit Report and Business Information
Meercat Boats Limited Competitor Analysis
Perform a competitor analysis for meercat boats limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in NW1 area or any other competitors across 12 key performance metrics.
meercat boats limited Ownership
MEERCAT BOATS LIMITED group structure
Meercat Boats Limited has no subsidiary companies.
meercat boats limited directors
Meercat Boats Limited currently has 3 directors. The longest serving directors include Mr Sean Springett (May 2018) and Mr Mark Springett (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean Springett | United Kingdom | 57 years | May 2018 | - | Director |
| Mr Mark Springett | United Kingdom | 61 years | May 2018 | - | Director |
| Mr Glenn Springett | England | 67 years | May 2018 | - | Director |
P&L
September 2022turnover
1.2m
-46%
operating profit
-45.3k
0%
gross margin
29.9%
+1.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
-94.4k
+1.51%
total assets
689.2k
-0.43%
cash
26.3k
-0.87%
net assets
Total assets minus all liabilities
meercat boats limited company details
company number
11039128
Type
Private limited with Share Capital
industry
33150 - Repair and maintenance of ships and boats
incorporation date
October 2017
age
7
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
September 2022
previous names
N/A
accountant
BARNES ROFFE LLP
auditor
-
address
5th floor grove house, 248a marylebone road, london, NW1 6BB
Bank
-
Legal Advisor
-
meercat boats 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 2 charges/mortgages relating to meercat boats limited. Currently there are 1 open charges and 1 have been satisfied in the past.
meercat boats 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 MEERCAT BOATS LIMITED. This can take several minutes, an email will notify you when this has completed.
meercat boats limited Companies House Filings - See Documents
| date | description | view/download |
|---|
