metric developments ltd
metric developments ltd Company Information
Company Number
12059160
Website
-Registered Address
regent house folds road, bolton, BL1 2RZ
Industry
Development of building projects
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
metric construction (holdings) limited 100%
metric developments ltd Estimated Valuation
Pomanda estimates the enterprise value of METRIC DEVELOPMENTS LTD at £228.3k based on a Turnover of £672.9k and 0.34x industry multiple (adjusted for size and gross margin).
metric developments ltd Estimated Valuation
Pomanda estimates the enterprise value of METRIC DEVELOPMENTS LTD at £192.7k based on an EBITDA of £74.8k and a 2.58x industry multiple (adjusted for size and gross margin).
metric developments ltd Estimated Valuation
Pomanda estimates the enterprise value of METRIC DEVELOPMENTS LTD at £0 based on Net Assets of £-68.3k and 1.49x industry multiple (adjusted for liquidity).
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Metric Developments Ltd Overview
Metric Developments Ltd is a live company located in bolton, BL1 2RZ with a Companies House number of 12059160. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2019, it's largest shareholder is metric construction (holdings) limited with a 100% stake. Metric Developments Ltd is a young, small sized company, Pomanda has estimated its turnover at £672.9k with rapid growth in recent years.
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Metric Developments Ltd Health Check
Pomanda's financial health check has awarded Metric Developments Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £672.9k, make it smaller than the average company (£2.6m)
- Metric Developments Ltd
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 177%, show it is growing at a faster rate (4.6%)
- Metric Developments Ltd
4.6% - Industry AVG
Production
with a gross margin of 9.3%, this company has a higher cost of product (26.2%)
- Metric Developments Ltd
26.2% - Industry AVG
Profitability
an operating margin of 11.1% make it more profitable than the average company (6.5%)
- Metric Developments Ltd
6.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (6)
3 - Metric Developments Ltd
6 - Industry AVG
Pay Structure
on an average salary of £49.1k, the company has an equivalent pay structure (£49.1k)
- Metric Developments Ltd
£49.1k - Industry AVG
Efficiency
resulting in sales per employee of £224.3k, this is less efficient (£312.7k)
- Metric Developments Ltd
£312.7k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (28 days)
- Metric Developments Ltd
28 days - Industry AVG
Creditor Days
its suppliers are paid after 137 days, this is slower than average (30 days)
- Metric Developments Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Metric Developments Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is more cash available to meet short term requirements (11 weeks)
15 weeks - Metric Developments Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 134%, this is a higher level of debt than the average (74.8%)
134% - Metric Developments Ltd
74.8% - Industry AVG
METRIC DEVELOPMENTS LTD financials
Metric Developments Ltd's latest turnover from December 2023 is estimated at £672.9 thousand and the company has net assets of -£68.3 thousand. According to their latest financial statements, Metric Developments Ltd has 3 employees and maintains cash reserves of £66.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Jun 2022 | Jun 2021 | Jun 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 | 3 | 3 | 3 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 1,200,000 | 285,000 | 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 | 1,200,000 | 285,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 134,226 | 15,368 | 7,900 | 2,906 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 66,560 | 3,705 | 1,060 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 200,786 | 19,073 | 8,960 | 2,906 |
| total assets | 200,786 | 1,219,073 | 293,960 | 2,906 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 229,878 | 718,043 | 352,588 | 461 |
| 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 | 229,878 | 718,043 | 352,588 | 461 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 480 |
| other liabilities | 39,177 | 45,681 | 50,000 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 39,177 | 45,681 | 50,000 | 480 |
| total liabilities | 269,055 | 763,724 | 402,588 | 941 |
| net assets | -68,269 | 455,349 | -108,628 | 1,965 |
| total shareholders funds | -68,269 | 455,349 | -108,628 | 1,965 |
| Dec 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 118,858 | 7,468 | 4,994 | 2,906 |
| Creditors | -488,165 | 365,455 | 352,127 | 461 |
| Accruals and Deferred Income | 0 | 0 | -480 | 480 |
| 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 | -6,504 | -4,319 | 50,000 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 62,855 | 2,645 | 1,060 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 62,855 | 2,645 | 1,060 | 0 |
metric developments ltd Credit Report and Business Information
Metric Developments Ltd Competitor Analysis
Perform a competitor analysis for metric developments ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in BL1 area or any other competitors across 12 key performance metrics.
metric developments ltd Ownership
METRIC DEVELOPMENTS LTD group structure
Metric Developments Ltd has no subsidiary companies.
Ultimate parent company
1 parent
METRIC DEVELOPMENTS LTD
12059160
metric developments ltd directors
Metric Developments Ltd currently has 4 directors. The longest serving directors include Mr Adam Chapman (Jun 2019) and Mr Adam Chapman (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Chapman | England | 41 years | Jun 2019 | - | Director |
| Mr Adam Chapman | United Kingdom | 41 years | Jun 2019 | - | Director |
| Mr Lee Metcalf | England | 52 years | Jul 2020 | - | Director |
| Mr Gavin Ritchie | England | 50 years | Jul 2020 | - | Director |
P&L
December 2023turnover
672.9k
-42%
operating profit
74.8k
0%
gross margin
9.4%
+0.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-68.3k
-1.15%
total assets
200.8k
-0.84%
cash
66.6k
+16.96%
net assets
Total assets minus all liabilities
metric developments ltd company details
company number
12059160
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 2019
age
5
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
middle row barns (lupton) ltd (September 2023)
adam chapman properties ltd (January 2021)
accountant
XEINADIN GROUP
auditor
-
address
regent house folds road, bolton, BL1 2RZ
Bank
-
Legal Advisor
-
metric developments ltd 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 metric developments ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
metric developments ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
