merit homes west kingsdown limited
merit homes west kingsdown limited Company Information
Company Number
12951527
Next Accounts
May 2025
Shareholders
merit developments group limited
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
unit 1-4 merit house, whitewall road, rochester, ME2 4WS
Website
lowergrangefarm.co.ukmerit homes west kingsdown limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT HOMES WEST KINGSDOWN LIMITED at £1.6m based on a Turnover of £479.6k and 3.28x industry multiple (adjusted for size and gross margin).
merit homes west kingsdown limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT HOMES WEST KINGSDOWN LIMITED at £0 based on an EBITDA of £-23.1k and a 6.59x industry multiple (adjusted for size and gross margin).
merit homes west kingsdown limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT HOMES WEST KINGSDOWN LIMITED at £0 based on Net Assets of £-78.2k and 1.76x industry multiple (adjusted for liquidity).
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Merit Homes West Kingsdown Limited Overview
Merit Homes West Kingsdown Limited is a live company located in rochester, ME2 4WS with a Companies House number of 12951527. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2020, it's largest shareholder is merit developments group limited with a 100% stake. Merit Homes West Kingsdown Limited is a young, micro sized company, Pomanda has estimated its turnover at £479.6k with unknown growth in recent years.
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Merit Homes West Kingsdown Limited Health Check
Pomanda's financial health check has awarded Merit Homes West Kingsdown Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £479.6k, make it smaller than the average company (£833k)
- Merit Homes West Kingsdown Limited
£833k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Merit Homes West Kingsdown Limited
- - Industry AVG
Production
with a gross margin of 72.7%, this company has a comparable cost of product (72.7%)
- Merit Homes West Kingsdown Limited
72.7% - Industry AVG
Profitability
an operating margin of -4.8% make it less profitable than the average company (26.4%)
- Merit Homes West Kingsdown Limited
26.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
- Merit Homes West Kingsdown Limited
4 - Industry AVG
Pay Structure
on an average salary of £31k, the company has an equivalent pay structure (£31k)
- Merit Homes West Kingsdown Limited
£31k - Industry AVG
Efficiency
resulting in sales per employee of £159.9k, this is equally as efficient (£178.2k)
- Merit Homes West Kingsdown Limited
£178.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Merit Homes West Kingsdown Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 161 days, this is slower than average (35 days)
- Merit Homes West Kingsdown Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 3366 days, this is more than average (54 days)
- Merit Homes West Kingsdown Limited
54 days - 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 West Kingsdown Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.4%, this is a higher level of debt than the average (67.8%)
106.4% - Merit Homes West Kingsdown Limited
67.8% - Industry AVG
MERIT HOMES WEST KINGSDOWN LIMITED financials
Merit Homes West Kingsdown Limited's latest turnover from August 2023 is estimated at £479.6 thousand and the company has net assets of -£78.2 thousand. According to their latest financial statements, we estimate that Merit Homes West Kingsdown Limited has 3 employees and maintains cash reserves of £32 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|
| 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 | |
|---|---|---|---|
| Tangible Assets | |||
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | |||
| Stock & work in progress | 1,206,717 | 362,763 | |
| Trade Debtors | |||
| Group Debtors | |||
| Misc Debtors | 10,342 | 3,171 | |
| Cash | 32 | 215,484 | 4 |
| misc current assets | |||
| total current assets | 1,217,091 | 581,418 | 4 |
| total assets | 1,217,091 | 581,418 | 4 |
| Bank overdraft | 500,000 | 500,000 | |
| Bank loan | |||
| Trade Creditors | 57,956 | 2,171 | |
| Group/Directors Accounts | 575,560 | 80,495 | |
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 161,820 | 3,345 | |
| total current liabilities | 1,295,336 | 586,011 | |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 1,295,336 | 586,011 | |
| net assets | -78,245 | -4,593 | 4 |
| total shareholders funds | -78,245 | -4,593 | 4 |
| Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | 843,954 | 362,763 | |
| Debtors | 7,171 | 3,171 | |
| Creditors | 55,785 | 2,171 | |
| Accruals and Deferred Income | 158,475 | 3,345 | |
| 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 | 495,065 | 80,495 | |
| 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 | -215,452 | 215,480 | 4 |
| overdraft | 500,000 | ||
| change in cash | -215,452 | -284,520 | 4 |
merit homes west kingsdown limited Credit Report and Business Information
Merit Homes West Kingsdown Limited Competitor Analysis
Perform a competitor analysis for merit homes west kingsdown limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in ME2 area or any other competitors across 12 key performance metrics.
merit homes west kingsdown limited Ownership
MERIT HOMES WEST KINGSDOWN LIMITED group structure
Merit Homes West Kingsdown Limited has no subsidiary companies.
Ultimate parent company
1 parent
MERIT HOMES WEST KINGSDOWN LIMITED
12951527
merit homes west kingsdown limited directors
Merit Homes West Kingsdown Limited currently has 4 directors. The longest serving directors include Mr Roy Ashford (Oct 2020) and Mr Steven Weekes (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roy Ashford | United Kingdom | 69 years | Oct 2020 | - | Director |
| Mr Steven Weekes | England | 37 years | Oct 2020 | - | Director |
| Mr Richard Ashford | England | 46 years | Oct 2020 | - | Director |
| Mr Jamie Ashford | England | 48 years | Oct 2020 | - | Director |
P&L
August 2023turnover
479.6k
+401%
operating profit
-23.1k
0%
gross margin
72.8%
+0.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-78.2k
+16.04%
total assets
1.2m
+1.09%
cash
32
-1%
net assets
Total assets minus all liabilities
Similar Companies
merit homes west kingsdown limited company details
company number
12951527
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
lower grange farm limited (July 2021)
accountant
-
auditor
-
address
unit 1-4 merit house, whitewall road, rochester, ME2 4WS
Bank
-
Legal Advisor
-
merit homes west kingsdown 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 merit homes west kingsdown limited.
merit homes west kingsdown 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 WEST KINGSDOWN LIMITED. This can take several minutes, an email will notify you when this has completed.
merit homes west kingsdown limited Companies House Filings - See Documents
| date | description | view/download |
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