merit homes iden green limited
merit homes iden green limited Company Information
Company Number
12089035
Next Accounts
May 2025
Shareholders
merit developments group limited
Group Structure
View All
Industry
Development of building projects
Registered Address
merit house whitewall road, medway city estate, rochester, ME2 4WS
Website
-merit homes iden green limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT HOMES IDEN GREEN LIMITED at £4.4k based on a Turnover of £8.8k and 0.49x industry multiple (adjusted for size and gross margin).
merit homes iden green limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT HOMES IDEN GREEN LIMITED at £0 based on an EBITDA of £-307 and a 3.8x industry multiple (adjusted for size and gross margin).
merit homes iden green limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT HOMES IDEN GREEN LIMITED at £0 based on Net Assets of £-38.5k and 1.49x industry multiple (adjusted for liquidity).
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Merit Homes Iden Green Limited Overview
Merit Homes Iden Green Limited is a live company located in rochester, ME2 4WS with a Companies House number of 12089035. It operates in the development of building projects sector, SIC Code 41100. Founded in July 2019, it's largest shareholder is merit developments group limited with a 100% stake. Merit Homes Iden Green Limited is a young, micro sized company, Pomanda has estimated its turnover at £8.8k with declining growth in recent years.
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Merit Homes Iden Green Limited Health Check
Pomanda's financial health check has awarded Merit Homes Iden Green Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
7 Weak
Size
annual sales of £8.8k, make it smaller than the average company (£2.2m)
- Merit Homes Iden Green Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -74%, show it is growing at a slower rate (3.3%)
- Merit Homes Iden Green Limited
3.3% - Industry AVG
Production
with a gross margin of 26.9%, this company has a comparable cost of product (26.9%)
- Merit Homes Iden Green Limited
26.9% - Industry AVG
Profitability
an operating margin of -3.5% make it less profitable than the average company (7.3%)
- Merit Homes Iden Green Limited
7.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Merit Homes Iden Green Limited
6 - Industry AVG
Pay Structure
on an average salary of £47.3k, the company has an equivalent pay structure (£47.3k)
- Merit Homes Iden Green Limited
£47.3k - Industry AVG
Efficiency
resulting in sales per employee of £8.8k, this is less efficient (£272.5k)
- Merit Homes Iden Green Limited
£272.5k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is near the average (27 days)
- Merit Homes Iden Green Limited
27 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Merit Homes Iden Green Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Merit Homes Iden Green Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Merit Homes Iden Green Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 116.4%, this is a higher level of debt than the average (73.3%)
116.4% - Merit Homes Iden Green Limited
73.3% - Industry AVG
MERIT HOMES IDEN GREEN LIMITED financials
Merit Homes Iden Green Limited's latest turnover from August 2023 is estimated at £8.8 thousand and the company has net assets of -£38.5 thousand. According to their latest financial statements, we estimate that Merit Homes Iden Green Limited has 1 employee and maintains cash reserves of £75 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Jul 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Jul 2020 | |
|---|---|---|---|---|
| Tangible Assets | ||||
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | ||||
| Stock & work in progress | 1,297,915 | 1,265,658 | ||
| Trade Debtors | 670 | 670 | ||
| Group Debtors | 14,975 | 14,975 | 14,975 | 14,975 |
| Misc Debtors | 219,342 | 352,774 | 358,647 | 254,432 |
| Cash | 75 | 1,875 | 5,116 | 27,013 |
| misc current assets | ||||
| total current assets | 235,062 | 370,294 | 1,676,653 | 1,562,078 |
| total assets | 235,062 | 370,294 | 1,676,653 | 1,562,078 |
| Bank overdraft | 400,000 | 400,000 | ||
| Bank loan | ||||
| Trade Creditors | 916 | 31,071 | 9,794 | |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 273,565 | 407,625 | 1,245,537 | 1,185,037 |
| total current liabilities | 273,565 | 408,541 | 1,676,608 | 1,594,831 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | ||||
| total liabilities | 273,565 | 408,541 | 1,676,608 | 1,594,831 |
| net assets | -38,503 | -38,247 | 45 | -32,753 |
| total shareholders funds | -38,503 | -38,247 | 45 | -32,753 |
| Aug 2023 | Aug 2022 | Aug 2021 | Jul 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | -1,297,915 | 32,257 | 1,265,658 | |
| Debtors | -133,432 | -5,203 | 104,215 | 269,407 |
| Creditors | -916 | -30,155 | 21,277 | 9,794 |
| Accruals and Deferred Income | -134,060 | -837,912 | 60,500 | 1,185,037 |
| 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 | ||||
| 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 | -1,800 | -3,241 | -21,897 | 27,013 |
| overdraft | -400,000 | 400,000 | ||
| change in cash | -1,800 | 396,759 | -21,897 | -372,987 |
merit homes iden green limited Credit Report and Business Information
Merit Homes Iden Green Limited Competitor Analysis
Perform a competitor analysis for merit homes iden green limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in ME2 area or any other competitors across 12 key performance metrics.
merit homes iden green limited Ownership
MERIT HOMES IDEN GREEN LIMITED group structure
Merit Homes Iden Green Limited has no subsidiary companies.
Ultimate parent company
1 parent
MERIT HOMES IDEN GREEN LIMITED
12089035
merit homes iden green limited directors
Merit Homes Iden Green Limited currently has 2 directors. The longest serving directors include Mr Richard Ashford (Jul 2019) and Mr Steven Weekes (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Ashford | United Kingdom | 46 years | Jul 2019 | - | Director |
| Mr Steven Weekes | England | 37 years | Jul 2019 | - | Director |
P&L
August 2023turnover
8.8k
+14%
operating profit
-307.2
0%
gross margin
26.9%
+5.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-38.5k
+0.01%
total assets
235.1k
-0.37%
cash
75
-0.96%
net assets
Total assets minus all liabilities
Similar Companies
merit homes iden green limited company details
company number
12089035
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
July 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
merit house whitewall road, medway city estate, rochester, ME2 4WS
Bank
-
Legal Advisor
-
merit homes iden green 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 3 charges/mortgages relating to merit homes iden green limited. Currently there are 3 open charges and 0 have been satisfied in the past.
merit homes iden green 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 MERIT HOMES IDEN GREEN LIMITED. This can take several minutes, an email will notify you when this has completed.
merit homes iden green limited Companies House Filings - See Documents
| date | description | view/download |
|---|
