merit spaces limited
merit spaces limited Company Information
Company Number
11569638
Next Accounts
May 2025
Shareholders
merit group holdings limited
alfie ashford
View AllGroup Structure
View All
Industry
Development of building projects
+1Registered Address
merit house whitewall road, medway city estate, rochester, ME2 4WS
merit spaces limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT SPACES LIMITED at £485.4k based on a Turnover of £1.1m and 0.46x industry multiple (adjusted for size and gross margin).
merit spaces limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT SPACES LIMITED at £0 based on an EBITDA of £-343.3k and a 3.7x industry multiple (adjusted for size and gross margin).
merit spaces limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT SPACES LIMITED at £0 based on Net Assets of £-1.3m and 1.44x industry multiple (adjusted for liquidity).
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Merit Spaces Limited Overview
Merit Spaces Limited is a live company located in rochester, ME2 4WS with a Companies House number of 11569638. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in September 2018, it's largest shareholder is merit group holdings limited with a 85% stake. Merit Spaces Limited is a young, small sized company, Pomanda has estimated its turnover at £1.1m with low growth in recent years.
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Merit Spaces Limited Health Check
Pomanda's financial health check has awarded Merit Spaces Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
5 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£1.3m)
- Merit Spaces Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5.9%)
- Merit Spaces Limited
5.9% - Industry AVG
Production
with a gross margin of 23.8%, this company has a comparable cost of product (23.8%)
- Merit Spaces Limited
23.8% - Industry AVG
Profitability
an operating margin of -32.8% make it less profitable than the average company (6.4%)
- Merit Spaces Limited
6.4% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
4 - Merit Spaces Limited
4 - Industry AVG
Pay Structure
on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)
- Merit Spaces Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £263.8k, this is equally as efficient (£239.8k)
- Merit Spaces Limited
£239.8k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (26 days)
- Merit Spaces Limited
26 days - Industry AVG
Creditor Days
its suppliers are paid after 86 days, this is slower than average (30 days)
- Merit Spaces Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Merit Spaces Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Merit Spaces Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 310.5%, this is a higher level of debt than the average (72.9%)
310.5% - Merit Spaces Limited
72.9% - Industry AVG
MERIT SPACES LIMITED financials
Merit Spaces Limited's latest turnover from August 2023 is estimated at £1.1 million and the company has net assets of -£1.3 million. According to their latest financial statements, Merit Spaces Limited has 4 employees and maintains cash reserves of £8.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 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 | 4 | 4 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 5,883 | 7,737 | 128 | 160 | |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 5,883 | 7,737 | 128 | 160 | |
| Stock & work in progress | 2,000 | 2,000 | 1,501 | 5,350 | |
| Trade Debtors | 20,887 | 34,655 | 123,928 | 71,116 | 342,649 |
| Group Debtors | 440,245 | 7,833 | |||
| Misc Debtors | 160,479 | 378,272 | 151,150 | 76,165 | 171,507 |
| Cash | 8,691 | 10,798 | 539 | 10,675 | 1,193 |
| misc current assets | |||||
| total current assets | 630,302 | 433,558 | 277,617 | 159,457 | 520,699 |
| total assets | 636,185 | 441,295 | 277,745 | 159,617 | 520,699 |
| Bank overdraft | 2,574 | ||||
| Bank loan | |||||
| Trade Creditors | 190,592 | 87,635 | 200,278 | 183,819 | 169,023 |
| Group/Directors Accounts | 1,728,513 | 921,343 | 710,223 | 533,102 | 258,080 |
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 56,283 | 426,046 | 566,978 | 75,023 | 36,504 |
| total current liabilities | 1,975,388 | 1,435,024 | 1,477,479 | 791,944 | 466,181 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | |||||
| total liabilities | 1,975,388 | 1,435,024 | 1,477,479 | 791,944 | 466,181 |
| net assets | -1,339,203 | -993,729 | -1,199,734 | -632,327 | 54,518 |
| total shareholders funds | -1,339,203 | -993,729 | -1,199,734 | -632,327 | 54,518 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 2,646 | 2,529 | 32 | 25 | |
| Amortisation | |||||
| Tax | |||||
| Stock | -2,000 | 499 | -3,849 | 5,350 | |
| Debtors | 200,851 | 145,682 | 127,797 | -366,875 | 514,156 |
| Creditors | 102,957 | -112,643 | 16,459 | 14,796 | 169,023 |
| Accruals and Deferred Income | -369,763 | -140,932 | 491,955 | 38,519 | 36,504 |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | 807,170 | 211,120 | 177,121 | 275,022 | 258,080 |
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -2,107 | 10,259 | -10,136 | 9,482 | 1,193 |
| overdraft | -2,574 | 2,574 | |||
| change in cash | -2,107 | 10,259 | -10,136 | 12,056 | -1,381 |
merit spaces limited Credit Report and Business Information
Merit Spaces Limited Competitor Analysis
Perform a competitor analysis for merit spaces limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in ME2 area or any other competitors across 12 key performance metrics.
merit spaces limited Ownership
MERIT SPACES LIMITED group structure
Merit Spaces Limited has no subsidiary companies.
merit spaces limited directors
Merit Spaces Limited currently has 4 directors. The longest serving directors include Mr Jamie Ashford (Sep 2018) and Mr Roy Ashford (Sep 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jamie Ashford | United Kingdom | 48 years | Sep 2018 | - | Director |
| Mr Roy Ashford | United Kingdom | 69 years | Sep 2018 | - | Director |
| Mr Richard Ashford | United Kingdom | 46 years | Sep 2018 | - | Director |
| Mr Dean Want | England | 57 years | Apr 2022 | - | Director |
P&L
August 2023turnover
1.1m
+74%
operating profit
-346k
0%
gross margin
23.9%
+3.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-1.3m
+0.35%
total assets
636.2k
+0.44%
cash
8.7k
-0.2%
net assets
Total assets minus all liabilities
merit spaces limited company details
company number
11569638
Type
Private limited with Share Capital
industry
41100 - Development of building projects
41202 - Construction of domestic buildings
incorporation date
September 2018
age
7
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
August 2023
previous names
N/A
accountant
KRESTON REEVES LLP
auditor
-
address
merit house whitewall road, medway city estate, rochester, ME2 4WS
Bank
-
Legal Advisor
-
merit spaces 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 merit spaces limited.
merit spaces 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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merit spaces limited Companies House Filings - See Documents
| date | description | view/download |
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