mere homes limited
mere homes limited Company Information
Company Number
11184729
Website
-Registered Address
3 clover drive, pickmere, knutsford, cheshire, WA16 0WF
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
michael sharp 50%
alison gallagher 50%
mere homes limited Estimated Valuation
Pomanda estimates the enterprise value of MERE HOMES LIMITED at £157k based on a Turnover of £69.7k and 2.25x industry multiple (adjusted for size and gross margin).
mere homes limited Estimated Valuation
Pomanda estimates the enterprise value of MERE HOMES LIMITED at £152.5k based on an EBITDA of £32.1k and a 4.76x industry multiple (adjusted for size and gross margin).
mere homes limited Estimated Valuation
Pomanda estimates the enterprise value of MERE HOMES LIMITED at £0 based on Net Assets of £-1.2k and 0.99x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mere Homes Limited Overview
Mere Homes Limited is a live company located in knutsford, WA16 0WF with a Companies House number of 11184729. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 2018, it's largest shareholder is michael sharp with a 50% stake. Mere Homes Limited is a young, micro sized company, Pomanda has estimated its turnover at £69.7k with healthy growth in recent years.
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Mere Homes Limited Health Check
Pomanda's financial health check has awarded Mere Homes Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £69.7k, make it smaller than the average company (£815.1k)
- Mere Homes Limited
£815.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (1.5%)
- Mere Homes Limited
1.5% - Industry AVG
Production
with a gross margin of 28.3%, this company has a higher cost of product (72.2%)
- Mere Homes Limited
72.2% - Industry AVG
Profitability
an operating margin of 46% make it more profitable than the average company (34.5%)
- Mere Homes Limited
34.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Mere Homes Limited
4 - Industry AVG
Pay Structure
on an average salary of £30.6k, the company has an equivalent pay structure (£30.6k)
- Mere Homes Limited
£30.6k - Industry AVG
Efficiency
resulting in sales per employee of £34.9k, this is less efficient (£178.1k)
- Mere Homes Limited
£178.1k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (33 days)
- Mere Homes Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 67 days, this is slower than average (35 days)
- Mere Homes Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mere Homes Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mere Homes Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.9%, this is a higher level of debt than the average (66.9%)
109.9% - Mere Homes Limited
66.9% - Industry AVG
MERE HOMES LIMITED financials
Mere Homes Limited's latest turnover from February 2023 is estimated at £69.7 thousand and the company has net assets of -£1.2 thousand. According to their latest financial statements, Mere Homes Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | |
|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 79,220 | 80,905 | 82,591 | 81,877 |
| 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 | 79,220 | 80,905 | 82,591 | 81,877 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 11,717 | 4,864 | 1,330 | 1,254 | 3,428 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,717 | 4,864 | 1,330 | 1,254 | 3,428 |
| total assets | 11,717 | 84,084 | 82,235 | 83,845 | 85,305 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,275 | 44,896 | 44,716 | 42,345 | 36,688 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 9,275 | 44,896 | 44,716 | 42,345 | 36,688 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 3,600 | 2,400 | 1,200 | 0 | 0 |
| other liabilities | 0 | 63,909 | 63,909 | 63,909 | 60,522 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,600 | 66,309 | 65,109 | 63,909 | 60,522 |
| total liabilities | 12,875 | 111,205 | 109,825 | 106,254 | 97,210 |
| net assets | -1,158 | -27,121 | -27,590 | -22,409 | -11,905 |
| total shareholders funds | -1,158 | -27,121 | -27,590 | -22,409 | -11,905 |
| Feb 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 6,853 | 3,534 | 76 | -2,174 | 3,428 |
| Creditors | -35,621 | 180 | 2,371 | 5,657 | 36,688 |
| Accruals and Deferred Income | 1,200 | 1,200 | 1,200 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| 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 | -63,909 | 0 | 0 | 3,387 | 60,522 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
mere homes limited Credit Report and Business Information
Mere Homes Limited Competitor Analysis
Perform a competitor analysis for mere homes limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in WA16 area or any other competitors across 12 key performance metrics.
mere homes limited Ownership
MERE HOMES LIMITED group structure
Mere Homes Limited has no subsidiary companies.
Ultimate parent company
MERE HOMES LIMITED
11184729
mere homes limited directors
Mere Homes Limited currently has 2 directors. The longest serving directors include Mr Michael Sharp (Feb 2018) and Ms Alison Gallagher (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Sharp | United Kingdom | 57 years | Feb 2018 | - | Director |
| Ms Alison Gallagher | United Kingdom | 65 years | Feb 2018 | - | Director |
P&L
February 2023turnover
69.7k
+20%
operating profit
32.1k
0%
gross margin
28.3%
+4.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
-1.2k
-0.96%
total assets
11.7k
-0.86%
cash
0
0%
net assets
Total assets minus all liabilities
mere homes limited company details
company number
11184729
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 2018
age
6
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
February 2023
address
3 clover drive, pickmere, knutsford, cheshire, WA16 0WF
accountant
MATRAVERS
auditor
-
mere homes 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 mere homes limited.
mere homes limited Companies House Filings - See Documents
| date | description | view/download |
|---|
