melelo limited
melelo limited Company Information
Company Number
13475813
Website
-Registered Address
treviot house 186-192 high road, ilford, essex, IG1 1LR
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Buying and selling of own real estate
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
lorraine denise driver 32.1%
leon david gold 32.1%
View Allmelelo limited Estimated Valuation
Pomanda estimates the enterprise value of MELELO LIMITED at £1.5m based on a Turnover of £556.5k and 2.73x industry multiple (adjusted for size and gross margin).
melelo limited Estimated Valuation
Pomanda estimates the enterprise value of MELELO LIMITED at £77.9k based on an EBITDA of £11.7k and a 6.64x industry multiple (adjusted for size and gross margin).
melelo limited Estimated Valuation
Pomanda estimates the enterprise value of MELELO LIMITED at £20.8k based on Net Assets of £13.5k and 1.54x industry multiple (adjusted for liquidity).
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Melelo Limited Overview
Melelo Limited is a live company located in essex, IG1 1LR with a Companies House number of 13475813. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2021, it's largest shareholder is lorraine denise driver with a 32.1% stake. Melelo Limited is a startup, small sized company, Pomanda has estimated its turnover at £556.5k with unknown growth in recent years.
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Melelo Limited Health Check
Pomanda's financial health check has awarded Melelo Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
4 Weak
Size
annual sales of £556.5k, make it smaller than the average company (£849.2k)
- Melelo Limited
£849.2k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Melelo Limited
- - Industry AVG
Production
with a gross margin of 71.1%, this company has a comparable cost of product (71.1%)
- Melelo Limited
71.1% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (36.5%)
- Melelo Limited
36.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Melelo Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.4k, the company has an equivalent pay structure (£33.4k)
- Melelo Limited
£33.4k - Industry AVG
Efficiency
resulting in sales per employee of £185.5k, this is equally as efficient (£185.5k)
- Melelo Limited
£185.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Melelo Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Melelo Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Melelo Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 180 weeks, this is more cash available to meet short term requirements (11 weeks)
180 weeks - Melelo Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.5%, this is a higher level of debt than the average (63.4%)
96.5% - Melelo Limited
63.4% - Industry AVG
MELELO LIMITED financials
Melelo Limited's latest turnover from March 2023 is estimated at £556.5 thousand and the company has net assets of £13.5 thousand. According to their latest financial statements, Melelo Limited has 3 employees and maintains cash reserves of £16.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | |
|---|---|---|
| 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 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Tangible Assets | 372,750 | 372,750 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 372,750 | 372,750 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 1,000 |
| Cash | 16,212 | 5,460 |
| misc current assets | 0 | 0 |
| total current assets | 16,212 | 6,460 |
| total assets | 388,962 | 379,210 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 4,665 | 2,801 |
| total current liabilities | 4,665 | 2,801 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 370,750 | 372,750 |
| provisions | 0 | 0 |
| total long term liabilities | 370,750 | 372,750 |
| total liabilities | 375,415 | 375,551 |
| net assets | 13,547 | 3,659 |
| total shareholders funds | 13,547 | 3,659 |
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 0 | 0 |
| Debtors | -1,000 | 1,000 |
| Creditors | 0 | 0 |
| Accruals and Deferred Income | 1,864 | 2,801 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | -2,000 | 372,750 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 10,752 | 5,460 |
| overdraft | 0 | 0 |
| change in cash | 10,752 | 5,460 |
melelo limited Credit Report and Business Information
Melelo Limited Competitor Analysis
Perform a competitor analysis for melelo limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in IG1 area or any other competitors across 12 key performance metrics.
melelo limited Ownership
MELELO LIMITED group structure
Melelo Limited has no subsidiary companies.
Ultimate parent company
MELELO LIMITED
13475813
melelo limited directors
Melelo Limited currently has 3 directors. The longest serving directors include Mr Melvin Gold (Jun 2021) and Mr Leon Gold (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Melvin Gold | United Kingdom | 64 years | Jun 2021 | - | Director |
| Mr Leon Gold | United Kingdom | 63 years | Jun 2021 | - | Director |
| Mrs Lorraine Driver | United Kingdom | 60 years | Jun 2021 | - | Director |
P&L
March 2023turnover
556.5k
+6%
operating profit
11.7k
0%
gross margin
71.1%
+1.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
13.5k
+2.7%
total assets
389k
+0.03%
cash
16.2k
+1.97%
net assets
Total assets minus all liabilities
Similar Companies
melelo limited company details
company number
13475813
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.
68100 - Buying and selling of own real estate
incorporation date
June 2021
age
3
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
treviot house 186-192 high road, ilford, essex, IG1 1LR
Bank
-
Legal Advisor
-
melelo 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 melelo limited.
melelo limited Companies House Filings - See Documents
| date | description | view/download |
|---|
