merit developments group limited
merit developments group limited Company Information
Company Number
12089334
Next Accounts
May 2025
Shareholders
jamie ashford
richard ashford
View AllGroup Structure
View All
Industry
Development of building projects
Registered Address
unit 1 whitewall road, medway city estate, rochester, ME2 4WS
Website
themeritgroup.co.ukmerit developments group limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT DEVELOPMENTS GROUP LIMITED at £61.2k based on a Turnover of £123.5k and 0.5x industry multiple (adjusted for size and gross margin).
merit developments group limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT DEVELOPMENTS GROUP LIMITED at £0 based on an EBITDA of £-76.5k and a 3.81x industry multiple (adjusted for size and gross margin).
merit developments group limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT DEVELOPMENTS GROUP LIMITED at £0 based on Net Assets of £-237.5k and 1.49x industry multiple (adjusted for liquidity).
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Merit Developments Group Limited Overview
Merit Developments Group Limited is a live company located in rochester, ME2 4WS with a Companies House number of 12089334. It operates in the development of building projects sector, SIC Code 41100. Founded in July 2019, it's largest shareholder is jamie ashford with a 40% stake. Merit Developments Group Limited is a young, micro sized company, Pomanda has estimated its turnover at £123.5k with high growth in recent years.
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Merit Developments Group Limited Health Check
Pomanda's financial health check has awarded Merit Developments Group Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £123.5k, make it smaller than the average company (£2.2m)
- Merit Developments Group Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (3.3%)
- Merit Developments Group Limited
3.3% - Industry AVG
Production
with a gross margin of 26.9%, this company has a comparable cost of product (26.9%)
- Merit Developments Group Limited
26.9% - Industry AVG
Profitability
an operating margin of -62% make it less profitable than the average company (7.3%)
- Merit Developments Group Limited
7.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - Merit Developments Group Limited
6 - Industry AVG
Pay Structure
on an average salary of £47.3k, the company has an equivalent pay structure (£47.3k)
- Merit Developments Group Limited
£47.3k - Industry AVG
Efficiency
resulting in sales per employee of £123.5k, this is less efficient (£272.5k)
- Merit Developments Group Limited
£272.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Merit Developments Group Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (30 days)
- Merit Developments Group Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Merit Developments Group 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 Developments Group Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 320.8%, this is a higher level of debt than the average (73.3%)
320.8% - Merit Developments Group Limited
73.3% - Industry AVG
MERIT DEVELOPMENTS GROUP LIMITED financials
Merit Developments Group Limited's latest turnover from August 2023 is estimated at £123.5 thousand and the company has net assets of -£237.5 thousand. According to their latest financial statements, Merit Developments Group Limited has 1 employee and maintains cash reserves of £21 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 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Jul 2020 | |
|---|---|---|---|---|
| Tangible Assets | ||||
| Intangible Assets | ||||
| Investments & Other | 8 | 8 | 4 | 4 |
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 8 | 8 | 4 | 4 |
| Stock & work in progress | ||||
| Trade Debtors | 8,760 | 8,760 | ||
| Group Debtors | 106,553 | 106,553 | ||
| Misc Debtors | 977 | 7,774 | 301 | 1,810 |
| Cash | 21 | 351 | 1,058 | |
| misc current assets | ||||
| total current assets | 107,551 | 114,678 | 10,119 | 10,570 |
| total assets | 107,559 | 114,686 | 10,123 | 10,574 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 2,348 | 3,225 | 78 | 1,537 |
| Group/Directors Accounts | 341,851 | 271,636 | 14,977 | 14,977 |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 900 | 860 | 75,343 | 22,155 |
| total current liabilities | 345,099 | 275,721 | 90,398 | 38,669 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | ||||
| total liabilities | 345,099 | 275,721 | 90,398 | 38,669 |
| net assets | -237,540 | -161,035 | -80,275 | -28,095 |
| total shareholders funds | -237,540 | -161,035 | -80,275 | -28,095 |
| Aug 2023 | Aug 2022 | Aug 2021 | Jul 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | -6,797 | 105,266 | -1,509 | 10,570 |
| Creditors | -877 | 3,147 | -1,459 | 1,537 |
| Accruals and Deferred Income | 40 | -74,483 | 53,188 | 22,155 |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 4 | 4 | ||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 70,215 | 256,659 | 14,977 | |
| 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 | -330 | -707 | 1,058 | |
| overdraft | ||||
| change in cash | -330 | -707 | 1,058 |
merit developments group limited Credit Report and Business Information
Merit Developments Group Limited Competitor Analysis
Perform a competitor analysis for merit developments group 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 developments group limited Ownership
MERIT DEVELOPMENTS GROUP LIMITED group structure
Merit Developments Group Limited has 7 subsidiary companies.
Ultimate parent company
MERIT DEVELOPMENTS GROUP LIMITED
12089334
7 subsidiaries
merit developments group limited directors
Merit Developments Group Limited currently has 4 directors. The longest serving directors include Mr Jamie Ashford (Jul 2019) and Mr Steven Weekes (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jamie Ashford | England | 48 years | Jul 2019 | - | Director |
| Mr Steven Weekes | England | 37 years | Jul 2019 | - | Director |
| Mr Richard Ashford | United Kingdom | 46 years | Sep 2019 | - | Director |
| Mr Richard Ashford | England | 46 years | Sep 2019 | - | Director |
P&L
August 2023turnover
123.5k
0%
operating profit
-76.5k
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
-237.5k
+0.48%
total assets
107.6k
-0.06%
cash
21
-0.94%
net assets
Total assets minus all liabilities
merit developments group limited company details
company number
12089334
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
merit homes ash limited (September 2019)
accountant
-
auditor
-
address
unit 1 whitewall road, medway city estate, rochester, ME2 4WS
Bank
-
Legal Advisor
-
merit developments group 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 1 charges/mortgages relating to merit developments group limited. Currently there are 1 open charges and 0 have been satisfied in the past.
merit developments group 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 DEVELOPMENTS GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
merit developments group limited Companies House Filings - See Documents
| date | description | view/download |
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