meter express limited
meter express limited Company Information
Group Structure
View All
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
+1Registered Address
10 hughenden avenue, harrow, HA3 8HA
Website
meterexpress.co.ukmeter express limited Estimated Valuation
Pomanda estimates the enterprise value of METER EXPRESS LIMITED at £153.1k based on a Turnover of £438.6k and 0.35x industry multiple (adjusted for size and gross margin).
meter express limited Estimated Valuation
Pomanda estimates the enterprise value of METER EXPRESS LIMITED at £10.8k based on an EBITDA of £3.6k and a 3.01x industry multiple (adjusted for size and gross margin).
meter express limited Estimated Valuation
Pomanda estimates the enterprise value of METER EXPRESS LIMITED at £30.8k based on Net Assets of £12.7k and 2.43x industry multiple (adjusted for liquidity).
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Meter Express Limited Overview
Meter Express Limited is a live company located in harrow, HA3 8HA with a Companies House number of 11908808. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in March 2019, it's largest shareholder is nita parmar with a 100% stake. Meter Express Limited is a young, micro sized company, Pomanda has estimated its turnover at £438.6k with rapid growth in recent years.
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Meter Express Limited Health Check
Pomanda's financial health check has awarded Meter Express 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 £438.6k, make it smaller than the average company (£3.7m)
- Meter Express Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (7.9%)
- Meter Express Limited
7.9% - Industry AVG
Production
with a gross margin of 20.1%, this company has a higher cost of product (42.2%)
- Meter Express Limited
42.2% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (7%)
- Meter Express Limited
7% - Industry AVG
Employees
with 2 employees, this is below the industry average (18)
- Meter Express Limited
18 - Industry AVG
Pay Structure
on an average salary of £48.1k, the company has an equivalent pay structure (£48.1k)
- Meter Express Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £219.3k, this is more efficient (£156k)
- Meter Express Limited
£156k - Industry AVG
Debtor Days
it gets paid by customers after 132 days, this is later than average (61 days)
- Meter Express Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 119 days, this is slower than average (33 days)
- Meter Express Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Meter Express Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Meter Express Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.1%, this is a higher level of debt than the average (58%)
92.1% - Meter Express Limited
58% - Industry AVG
METER EXPRESS LIMITED financials
Meter Express Limited's latest turnover from September 2023 is estimated at £438.6 thousand and the company has net assets of £12.7 thousand. According to their latest financial statements, we estimate that Meter Express Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| 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 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 159,309 | 94,911 | 108,087 | 47,842 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 159,309 | 94,911 | 108,087 | 47,842 |
| total assets | 159,309 | 94,911 | 108,087 | 47,842 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 114,546 | 42,043 | 54,273 | 46,257 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 114,546 | 42,043 | 54,273 | 46,257 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 1,680 | 720 | 960 |
| other liabilities | 32,103 | 41,218 | 49,000 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 32,103 | 42,898 | 49,720 | 960 |
| total liabilities | 146,649 | 84,941 | 103,993 | 47,217 |
| net assets | 12,660 | 9,970 | 4,094 | 625 |
| total shareholders funds | 12,660 | 9,970 | 4,094 | 625 |
| Sep 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 64,398 | -13,176 | 60,245 | 47,842 |
| Creditors | 72,503 | -12,230 | 8,016 | 46,257 |
| Accruals and Deferred Income | -1,680 | 960 | -240 | 960 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | -9,115 | -7,782 | 49,000 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 |
meter express limited Credit Report and Business Information
Meter Express Limited Competitor Analysis
Perform a competitor analysis for meter express limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in HA3 area or any other competitors across 12 key performance metrics.
meter express limited Ownership
METER EXPRESS LIMITED group structure
Meter Express Limited has no subsidiary companies.
Ultimate parent company
METER EXPRESS LIMITED
11908808
meter express limited directors
Meter Express Limited currently has 1 director, Mrs Nita Parmar serving since Mar 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Nita Parmar | England | 40 years | Mar 2019 | - | Director |
P&L
September 2023turnover
438.6k
+118%
operating profit
3.6k
0%
gross margin
20.2%
+1.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
12.7k
+0.27%
total assets
159.3k
+0.68%
cash
0
0%
net assets
Total assets minus all liabilities
meter express limited company details
company number
11908808
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
70229 - Management consultancy activities (other than financial management)
incorporation date
March 2019
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
10 hughenden avenue, harrow, HA3 8HA
Bank
-
Legal Advisor
-
meter express 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 meter express limited.
meter express 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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meter express limited Companies House Filings - See Documents
| date | description | view/download |
|---|
