merlin attractions operations limited

4

merlin attractions operations limited Company Information

Share MERLIN ATTRACTIONS OPERATIONS LIMITED
Live 
EstablishedMegaLow

Company Number

06272935

Registered Address

link house, 25 west street, poole, dorset, BH15 1LD

Industry

Activities of amusement parks and theme parks

 

Operation of historical sites and buildings and similar visitor attractions

 
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Telephone

-

Next Accounts Due

September 2024

Group Structure

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Directors

Fiona Rose8 Years

Matthew Jowett8 Years

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Shareholders

charcoal midco 1 ltd 100%

merlin attractions operations limited Estimated Valuation

£1.8b

Pomanda estimates the enterprise value of MERLIN ATTRACTIONS OPERATIONS LIMITED at £1.8b based on a Turnover of £534.6m and 3.45x industry multiple (adjusted for size and gross margin).

merlin attractions operations limited Estimated Valuation

£2.2b

Pomanda estimates the enterprise value of MERLIN ATTRACTIONS OPERATIONS LIMITED at £2.2b based on an EBITDA of £189.1m and a 11.43x industry multiple (adjusted for size and gross margin).

merlin attractions operations limited Estimated Valuation

£904.4m

Pomanda estimates the enterprise value of MERLIN ATTRACTIONS OPERATIONS LIMITED at £904.4m based on Net Assets of £350.4m and 2.58x industry multiple (adjusted for liquidity).

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Merlin Attractions Operations Limited Overview

Merlin Attractions Operations Limited is a live company located in poole, BH15 1LD with a Companies House number of 06272935. It operates in the operation of historical sites and buildings and similar visitor attractions sector, SIC Code 91030. Founded in June 2007, it's largest shareholder is charcoal midco 1 ltd with a 100% stake. Merlin Attractions Operations Limited is a established, mega sized company, Pomanda has estimated its turnover at £534.6m with low growth in recent years.

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Merlin Attractions Operations Limited Health Check

Pomanda's financial health check has awarded Merlin Attractions Operations Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £534.6m, make it larger than the average company (£2.2m)

£534.6m - Merlin Attractions Operations Limited

£2.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.8%)

2% - Merlin Attractions Operations Limited

4.8% - Industry AVG

production

Production

with a gross margin of 82.2%, this company has a lower cost of product (63.7%)

82.2% - Merlin Attractions Operations Limited

63.7% - Industry AVG

profitability

Profitability

an operating margin of 22.9% make it more profitable than the average company (16.6%)

22.9% - Merlin Attractions Operations Limited

16.6% - Industry AVG

employees

Employees

with 6593 employees, this is above the industry average (58)

6593 - Merlin Attractions Operations Limited

58 - Industry AVG

paystructure

Pay Structure

on an average salary of £25.5k, the company has a higher pay structure (£17.6k)

£25.5k - Merlin Attractions Operations Limited

£17.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £81.1k, this is more efficient (£52.2k)

£81.1k - Merlin Attractions Operations Limited

£52.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 15 days, this is later than average (7 days)

15 days - Merlin Attractions Operations Limited

7 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 57 days, this is slower than average (48 days)

57 days - Merlin Attractions Operations Limited

48 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 59 days, this is more than average (33 days)

59 days - Merlin Attractions Operations Limited

33 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (100 weeks)

7 weeks - Merlin Attractions Operations Limited

100 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 78.5%, this is a higher level of debt than the average (29.8%)

78.5% - Merlin Attractions Operations Limited

29.8% - Industry AVG

MERLIN ATTRACTIONS OPERATIONS LIMITED financials

EXPORTms excel logo

Merlin Attractions Operations Limited's latest turnover from December 2022 is £534.6 million and the company has net assets of £350.4 million. According to their latest financial statements, Merlin Attractions Operations Limited has 6,593 employees and maintains cash reserves of £40 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover534,642,000425,936,000204,315,000502,813,000448,616,000411,301,000401,015,000385,102,000412,809,000395,149,000367,667,000341,132,00059,518,00055,653,000
Other Income Or Grants00000000000000
Cost Of Sales95,429,00072,214,00049,962,00095,431,00072,550,00051,684,00049,785,00045,664,00045,625,00043,453,00051,445,00035,441,0002,600,0003,176,000
Gross Profit439,213,000353,722,000154,353,000407,382,000376,066,000359,617,000351,230,000339,438,000367,184,000351,696,000316,222,000305,691,00056,918,00052,477,000
Admin Expenses316,903,000289,315,000286,248,000315,288,000280,761,000273,193,000254,323,000264,546,000268,425,000261,235,000240,626,000227,663,00048,897,00042,909,000
Operating Profit122,310,00064,407,000-131,895,00092,094,00095,305,00086,424,00096,907,00074,892,00098,759,00090,461,00075,596,00078,028,0008,021,0009,568,000
Interest Payable59,534,00062,113,00060,949,00053,278,00016,596,00013,078,00014,698,00017,297,00014,163,00020,463,00020,812,00022,844,0005,056,0004,972,000
Interest Receivable10,985,00019,846,00020,719,00011,883,00010,773,0008,184,0005,368,0004,828,0003,248,0001,121,0002,592,0001,987,00083,000450,000
Pre-Tax Profit73,761,00022,140,000-172,125,00050,699,00089,482,00077,661,00087,577,00060,340,00087,462,00067,840,00057,032,00057,171,0003,048,0005,046,000
Tax-25,853,000-1,719,00035,075,000-17,755,000-19,716,000-18,094,000-17,213,000-16,248,000-17,580,0002,402,000-11,809,000-18,122,000-2,108,000-6,231,000
Profit After Tax47,908,00020,421,000-137,050,00032,944,00069,766,00059,567,00070,364,00044,092,00069,882,00070,242,00045,223,00039,049,000940,000-1,185,000
Dividends Paid00000000000000
Retained Profit47,908,00020,421,000-137,050,00032,944,00069,766,00059,567,00070,364,00044,092,00069,882,00070,242,00045,223,00039,049,000940,000-1,185,000
Employee Costs168,270,000150,860,000124,957,000128,829,000119,201,000112,912,000107,527,000101,278,00097,136,00089,720,00021,162,00019,285,00019,133,00013,390,000
Number Of Employees6,5936,3615,0746,5036,4865,9065,9066,306605,9171,0021,440692743
EBITDA*189,088,000134,710,000-56,905,000166,205,000142,825,000128,435,000135,232,000109,489,000128,026,000130,189,00094,227,00095,734,00016,418,00016,939,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,084,673,0001,187,760,0001,081,182,0001,042,880,000532,369,000500,703,000497,037,000410,704,000369,662,000295,340,000292,544,00025,213,00019,326,00017,541,000
Intangible Assets177,664,000176,221,000173,824,000179,848,000166,856,000166,854,000166,472,000166,472,000166,472,000166,323,000178,646,000190,969,00078,597,00083,360,000
Investments & Other79,381,00022,572,00039,314,00026,471,00035,438,00032,994,00015,654,0006,416,0006,217,0006,438,000101,000101,000101,000101,000
Debtors (Due After 1 year)067,452,00072,356,00049,272,00000000262,275,00017,705,000000
Total Fixed Assets1,341,718,0001,322,250,0001,208,299,0001,210,561,000699,225,000667,557,000663,509,000577,176,000536,134,000730,376,000488,996,000216,283,00098,024,000101,002,000
Stock & work in progress15,653,00013,116,00012,825,00030,285,00012,597,0008,787,0008,925,0008,301,0007,092,0006,738,0005,894,0004,975,000842,000498,000
Trade Debtors23,041,0009,404,00013,864,00018,851,00011,529,00010,010,0004,643,0004,937,0005,900,0005,009,0005,120,0003,855,0004,456,0002,069,000
Group Debtors172,522,000122,554,00019,283,00040,494,00041,532,00043,128,00037,695,00011,959,0005,476,0006,002,0007,814,00018,065,0002,026,0005,030,000
Misc Debtors37,409,00022,342,00027,645,00025,884,00030,615,00021,692,00018,355,00023,828,00016,784,00037,949,00023,739,00017,316,0005,958,0005,248,000
Cash39,962,0002,714,00032,756,00096,534,00070,324,000011,167,00095,562,00075,193,00015,672,000194,707,000139,156,000204,000198,000
misc current assets00000000000000
total current assets288,587,000170,130,000106,373,000212,048,000166,597,00083,617,00080,785,000144,587,000110,445,00071,370,000237,274,000183,367,00013,486,00013,043,000
total assets1,630,305,0001,492,380,0001,314,672,0001,422,609,000865,822,000751,174,000744,294,000721,763,000646,579,000801,746,000726,270,000399,650,000111,510,000114,045,000
Bank overdraft000009,250,00000000017,713,00013,537,000
Bank loan00000000000000
Trade Creditors 14,964,0007,605,00012,326,00010,858,00010,585,0008,469,00012,729,0007,969,0007,265,0006,415,0007,198,00010,142,0001,955,0001,684,000
Group/Directors Accounts135,612,00000000000278,411,000273,419,00059,470,0005,209,0002,336,000
other short term finances00000000000000
hp & lease commitments11,828,00013,832,00039,619,00015,739,0000000000000
other current liabilities108,710,000248,473,000198,478,000197,475,000169,713,000182,113,000187,562,000146,587,000119,582,00056,502,00056,807,00047,773,00013,380,00010,155,000
total current liabilities271,114,000269,910,000250,423,000224,072,000180,298,000199,832,000200,291,000154,556,000126,847,000341,328,000337,424,000117,385,00038,257,00027,712,000
loans01,658,932,0001,262,252,0001,374,031,000389,762,000105,378,000105,378,000105,378,0000246,326,000242,976,000242,076,00075,060,00090,060,000
hp & lease commitments885,162,000829,466,000631,126,000634,386,000194,881,00052,689,00052,689,00052,689,000052,689,00052,689,000000
Accruals and Deferred Income0000000000546,000670,00000
other liabilities85,303,00061,375,000123,955,00012,000080,623,000140,828,000238,007,000289,607,000422,0000000
provisions38,353,00079,714,00076,028,00071,100,00046,048,00043,444,00029,896,00025,562,00022,584,0009,484,00011,411,0003,518,0001,241,0001,398,000
total long term liabilities1,008,818,000930,698,000793,095,000775,207,000217,905,000155,034,000208,465,000303,477,000300,899,000308,921,000307,622,000246,264,00076,301,00091,458,000
total liabilities1,279,932,0001,200,608,0001,043,518,000999,279,000398,203,000354,866,000408,756,000458,033,000427,746,000650,249,000645,046,000363,649,000114,558,000119,170,000
net assets350,373,000291,772,000271,154,000423,330,000467,619,000396,308,000335,538,000263,730,000218,833,000151,497,00081,224,00036,001,000-3,048,000-5,125,000
total shareholders funds350,373,000291,772,000271,154,000423,330,000467,619,000396,308,000335,538,000263,730,000218,833,000151,497,00081,224,00036,001,000-3,048,000-5,125,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit122,310,00064,407,000-131,895,00092,094,00095,305,00086,424,00096,907,00074,892,00098,759,00090,461,00075,596,00078,028,0008,021,0009,568,000
Depreciation65,193,00069,059,00074,066,00074,084,00047,520,00042,011,00038,325,00034,597,00029,267,00027,405,0006,308,0005,382,0003,634,0002,607,000
Amortisation1,585,0001,244,000924,00027,0000000012,323,00012,323,00012,324,0004,763,0004,764,000
Tax-25,853,000-1,719,00035,075,000-17,755,000-19,716,000-18,094,000-17,213,000-16,248,000-17,580,0002,402,000-11,809,000-18,122,000-2,108,000-6,231,000
Stock2,537,000291,000-17,460,00017,688,0003,810,000-138,000624,0001,209,000354,000844,000919,0004,133,000344,000498,000
Debtors11,220,00088,604,000-1,353,00050,825,0008,846,00014,137,00019,969,00012,564,000-283,075,000256,857,00015,142,00026,796,00093,00012,347,000
Creditors7,359,000-4,721,0001,468,000273,0002,116,000-4,260,0004,760,000704,000850,000-783,000-2,944,0008,187,000271,0001,684,000
Accruals and Deferred Income-139,763,00049,995,0001,003,00027,762,000-12,400,000-5,449,00040,975,00027,005,00063,080,000-851,0008,910,00035,063,0003,225,00010,155,000
Deferred Taxes & Provisions-41,361,0003,686,0004,928,00025,052,0002,604,00013,548,0004,334,0002,978,00013,100,000-1,927,0007,893,0002,277,000-157,0001,398,000
Cash flow from operations-24,287,00093,056,0004,382,000133,024,000102,773,000100,181,000147,495,000110,155,000470,197,000-128,671,00080,216,00092,210,00017,212,00011,100,000
Investing Activities
capital expenditure34,866,000-179,278,000-107,268,000-597,614,000-79,188,000-46,059,000-124,658,000-75,639,000-103,738,000-30,201,000-273,639,000-135,965,000-5,419,000-108,272,000
Change in Investments56,809,000-16,742,00012,843,000-8,967,0002,444,00017,340,0009,238,000199,000-221,0006,337,000000101,000
cash flow from investments-21,943,000-162,536,000-120,111,000-588,647,000-81,632,000-63,399,000-133,896,000-75,838,000-103,517,000-36,538,000-273,639,000-135,965,000-5,419,000-108,373,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts135,612,0000000000-278,411,0004,992,000213,949,00054,261,0002,873,0002,336,000
Other Short Term Loans 00000000000000
Long term loans-1,658,932,000396,680,000-111,779,000984,269,000284,384,00000105,378,000-246,326,0003,350,000900,000167,016,000-15,000,00090,060,000
Hire Purchase and Lease Commitments53,692,000172,553,00020,620,000455,244,000142,192,0000052,689,000-52,689,000052,689,000000
other long term liabilities23,928,000-62,580,000123,943,00012,000-80,623,000-60,205,000-97,179,000-51,600,000289,185,000422,0000000
share issue10,693,000197,000-15,126,000-77,233,0001,545,0001,203,0001,444,000805,000-2,546,00031,000001,137,000-3,940,000
interest-48,549,000-42,267,000-40,230,000-41,395,000-5,823,000-4,894,000-9,330,000-12,469,000-10,915,000-19,342,000-18,220,000-20,857,000-4,973,000-4,522,000
cash flow from financing-1,483,556,000464,583,000-22,572,0001,320,897,000341,675,000-63,896,000-105,065,00094,803,000-301,702,000-10,547,000249,318,000200,420,000-15,963,00083,934,000
cash and cash equivalents
cash37,248,000-30,042,000-63,778,00026,210,00070,324,000-11,167,000-84,395,00020,369,00059,521,000-179,035,00055,551,000138,952,0006,000198,000
overdraft0000-9,250,0009,250,00000000-17,713,0004,176,00013,537,000
change in cash37,248,000-30,042,000-63,778,00026,210,00079,574,000-20,417,000-84,395,00020,369,00059,521,000-179,035,00055,551,000156,665,000-4,170,000-13,339,000

merlin attractions operations limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Merlin Attractions Operations Limited Competitor Analysis

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merlin attractions operations limited Ownership

MERLIN ATTRACTIONS OPERATIONS LIMITED Shareholders

charcoal midco 1 ltd 100%

merlin attractions operations limited directors

Merlin Attractions Operations Limited currently has 4 directors. The longest serving directors include Mrs Fiona Rose (Aug 2015) and Mr Matthew Jowett (Feb 2016).

officercountryagestartendrole
Mrs Fiona RoseEngland60 years Aug 2015- Director
Mr Matthew Jowett56 years Feb 2016- Director
Ms Fiona EastwoodEngland53 years Aug 2018- Director
Ms Hui ZhaoEngland47 years Jan 2023- Director

P&L

December 2022

turnover

534.6m

+26%

operating profit

122.3m

+90%

gross margin

82.2%

-1.08%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

350.4m

+0.2%

total assets

1.6b

+0.09%

cash

40m

+13.72%

net assets

Total assets minus all liabilities

merlin attractions operations limited company details

company number

06272935

Type

Private limited with Share Capital

industry

93290 - Other amusement and recreation activities

93210 - Activities of amusement parks and theme parks

91030 - Operation of historical sites and buildings and similar visitor attractions

incorporation date

June 2007

age

17

accounts

Full Accounts

ultimate parent company

previous names

tussauds attractions operations limited (November 2009)

incorporated

UK

address

link house, 25 west street, poole, dorset, BH15 1LD

last accounts submitted

December 2022

merlin attractions operations 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 6 charges/mortgages relating to merlin attractions operations limited. Currently there are 0 open charges and 6 have been satisfied in the past.

charges

merlin attractions operations limited Companies House Filings - See Documents

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