mekv newco limited
mekv newco limited Company Information
Company Number
12285543
Next Accounts
Mar 2026
Shareholders
karim velji
mansoor esmail
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
253 hertford road, enfield, middlesex, EN3 5JL
Website
-mekv newco limited Estimated Valuation
Pomanda estimates the enterprise value of MEKV NEWCO LIMITED at £11.4m based on a Turnover of £9.5m and 1.2x industry multiple (adjusted for size and gross margin).
mekv newco limited Estimated Valuation
Pomanda estimates the enterprise value of MEKV NEWCO LIMITED at £8.8m based on an EBITDA of £1.8m and a 5x industry multiple (adjusted for size and gross margin).
mekv newco limited Estimated Valuation
Pomanda estimates the enterprise value of MEKV NEWCO LIMITED at £19.8m based on Net Assets of £15.2m and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mekv Newco Limited Overview
Mekv Newco Limited is a live company located in middlesex, EN3 5JL with a Companies House number of 12285543. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in October 2019, it's largest shareholder is karim velji with a 50% stake. Mekv Newco Limited is a young, mid sized company, Pomanda has estimated its turnover at £9.5m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Mekv Newco Limited Health Check
Pomanda's financial health check has awarded Mekv Newco Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £9.5m, make it smaller than the average company (£19.4m)
£9.5m - Mekv Newco Limited
£19.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a slower rate (12.2%)
9% - Mekv Newco Limited
12.2% - Industry AVG
Production
with a gross margin of 28.6%, this company has a comparable cost of product (35%)
28.6% - Mekv Newco Limited
35% - Industry AVG
Profitability
an operating margin of 17.1% make it more profitable than the average company (4.5%)
17.1% - Mekv Newco Limited
4.5% - Industry AVG
Employees
with 249 employees, this is above the industry average (106)
249 - Mekv Newco Limited
106 - Industry AVG
Pay Structure
on an average salary of £24.6k, the company has a lower pay structure (£45.2k)
£24.6k - Mekv Newco Limited
£45.2k - Industry AVG
Efficiency
resulting in sales per employee of £38.2k, this is less efficient (£193.3k)
£38.2k - Mekv Newco Limited
£193.3k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (44 days)
17 days - Mekv Newco Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (43 days)
9 days - Mekv Newco Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (36 days)
0 days - Mekv Newco Limited
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 581 weeks, this is more cash available to meet short term requirements (13 weeks)
581 weeks - Mekv Newco Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6%, this is a lower level of debt than the average (68.7%)
6% - Mekv Newco Limited
68.7% - Industry AVG
MEKV NEWCO LIMITED financials
Mekv Newco Limited's latest turnover from June 2024 is £9.5 million and the company has net assets of £15.2 million. According to their latest financial statements, Mekv Newco Limited has 249 employees and maintains cash reserves of £10.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|---|
| Turnover | 9,512,707 | 8,285,492 | 7,463,869 | 7,265,461 | 7,374,784 | 7,121,687 |
| Other Income Or Grants | ||||||
| Cost Of Sales | 6,795,319 | 6,299,542 | 5,905,255 | 5,493,510 | 5,290,772 | 4,903,948 |
| Gross Profit | 2,717,388 | 1,985,950 | 1,558,614 | 1,771,951 | 2,084,012 | 2,217,739 |
| Admin Expenses | 1,093,220 | 1,064,370 | 671,779 | 323,089 | 801,729 | 861,086 |
| Operating Profit | 1,624,168 | 921,580 | 886,835 | 1,448,862 | 1,282,283 | 1,356,653 |
| Interest Payable | 78 | 52 | 4,210 | |||
| Interest Receivable | 473,448 | 153,016 | 50,740 | 23,704 | 19,977 | 16,447 |
| Pre-Tax Profit | 2,097,616 | 1,074,518 | 937,575 | 1,472,566 | 1,302,208 | 1,368,890 |
| Tax | -557,120 | -253,287 | -214,199 | -307,135 | -275,297 | -283,362 |
| Profit After Tax | 1,540,496 | 821,231 | 723,376 | 1,165,431 | 1,026,911 | 1,085,528 |
| Dividends Paid | ||||||
| Retained Profit | 1,540,496 | 821,231 | 723,376 | 1,165,431 | 1,026,911 | 1,085,528 |
| Employee Costs | 6,119,370 | 5,627,238 | 5,179,747 | 4,914,896 | 4,644,451 | 4,433,124 |
| Number Of Employees | 249 | 248 | 237 | 244 | 264 | 273 |
| EBITDA* | 1,761,420 | 1,091,537 | 1,032,270 | 1,604,056 | 1,454,493 | 1,528,312 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,334,350 | 2,471,602 | 2,641,559 | 2,783,223 | 2,938,417 | 3,090,807 |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 2,334,350 | 2,471,602 | 2,641,559 | 2,783,223 | 2,938,417 | 3,090,807 |
| Stock & work in progress | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 |
| Trade Debtors | 464,143 | 346,183 | 284,024 | 180,479 | 156,968 | 199,106 |
| Group Debtors | ||||||
| Misc Debtors | 2,564,768 | 2,589,089 | 2,474,571 | 2,410,027 | 28,403 | 32,026 |
| Cash | 10,792,526 | 8,866,615 | 7,899,949 | 7,816,831 | 8,372,958 | 7,034,861 |
| misc current assets | ||||||
| total current assets | 13,826,437 | 11,806,887 | 10,663,544 | 10,412,337 | 8,563,329 | 7,270,993 |
| total assets | 16,160,787 | 14,278,489 | 13,305,103 | 13,195,560 | 11,501,746 | 10,361,800 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 172,846 | 87,830 | 92,160 | 84,299 | 89,969 | 66,216 |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 792,059 | 535,273 | 378,788 | 1,000,527 | 466,474 | 376,292 |
| total current liabilities | 964,905 | 623,103 | 470,948 | 1,084,826 | 556,443 | 442,508 |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 1,982 | 1,982 | 1,982 | 1,937 | 1,937 | 2,837 |
| total long term liabilities | 1,982 | 1,982 | 1,982 | 1,937 | 1,937 | 2,837 |
| total liabilities | 966,887 | 625,085 | 472,930 | 1,086,763 | 558,380 | 445,345 |
| net assets | 15,193,900 | 13,653,404 | 12,832,173 | 12,108,797 | 10,943,366 | 9,916,455 |
| total shareholders funds | 15,193,900 | 13,653,404 | 12,832,173 | 12,108,797 | 10,943,366 | 9,916,455 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 1,624,168 | 921,580 | 886,835 | 1,448,862 | 1,282,283 | 1,356,653 |
| Depreciation | 137,252 | 169,957 | 145,435 | 155,194 | 172,210 | 171,659 |
| Amortisation | ||||||
| Tax | -557,120 | -253,287 | -214,199 | -307,135 | -275,297 | -283,362 |
| Stock | 5,000 | |||||
| Debtors | 93,639 | 176,677 | 168,089 | 2,405,135 | -45,761 | 231,132 |
| Creditors | 85,016 | -4,330 | 7,861 | -5,670 | 23,753 | 66,216 |
| Accruals and Deferred Income | 256,786 | 156,485 | -621,739 | 534,053 | 90,182 | 376,292 |
| Deferred Taxes & Provisions | 45 | -900 | 2,837 | |||
| Cash flow from operations | 1,452,463 | 813,728 | 36,149 | -579,831 | 1,337,992 | 1,454,163 |
| 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 | 473,448 | 152,938 | 50,740 | 23,704 | 19,925 | 12,237 |
| cash flow from financing | 473,448 | 152,938 | 50,740 | 23,704 | 19,925 | 8,843,164 |
| cash and cash equivalents | ||||||
| cash | 1,925,911 | 966,666 | 83,118 | -556,127 | 1,338,097 | 7,034,861 |
| overdraft | ||||||
| change in cash | 1,925,911 | 966,666 | 83,118 | -556,127 | 1,338,097 | 7,034,861 |
mekv newco limited Credit Report and Business Information
Mekv Newco Limited Competitor Analysis
Perform a competitor analysis for mekv newco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EN3 area or any other competitors across 12 key performance metrics.
mekv newco limited Ownership
MEKV NEWCO LIMITED group structure
Mekv Newco Limited has 1 subsidiary company.
Ultimate parent company
MEKV NEWCO LIMITED
12285543
1 subsidiary
mekv newco limited directors
Mekv Newco Limited currently has 2 directors. The longest serving directors include Mr Mansoor Esmail (Oct 2019) and Mr Karim Velji (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mansoor Esmail | 63 years | Oct 2019 | - | Director | |
| Mr Karim Velji | 64 years | Oct 2019 | - | Director |
P&L
June 2024turnover
9.5m
+15%
operating profit
1.6m
+76%
gross margin
28.6%
+19.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
15.2m
+0.11%
total assets
16.2m
+0.13%
cash
10.8m
+0.22%
net assets
Total assets minus all liabilities
mekv newco limited company details
company number
12285543
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
October 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
BLICK ROTHENBERG AUDIT LLP
address
253 hertford road, enfield, middlesex, EN3 5JL
Bank
-
Legal Advisor
-
mekv newco 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 mekv newco limited.
mekv newco 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 MEKV NEWCO LIMITED. This can take several minutes, an email will notify you when this has completed.
mekv newco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
