the mercantile investment trust plc
the mercantile investment trust plc Company Information
Company Number
00020537
Next Accounts
Jul 2026
Shareholders
undisclosed
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
60 victoria embankment, london, EC4Y 0JP
Website
http://mercantileit.co.ukthe mercantile investment trust plc Estimated Valuation
Pomanda estimates the enterprise value of THE MERCANTILE INVESTMENT TRUST PLC at £138m based on a Turnover of £79m and 1.75x industry multiple (adjusted for size and gross margin).
the mercantile investment trust plc Estimated Valuation
Pomanda estimates the enterprise value of THE MERCANTILE INVESTMENT TRUST PLC at £758.2m based on an EBITDA of £125.8m and a 6.03x industry multiple (adjusted for size and gross margin).
the mercantile investment trust plc Estimated Valuation
Pomanda estimates the enterprise value of THE MERCANTILE INVESTMENT TRUST PLC at £2.4b based on Net Assets of £1.9b and 1.31x industry multiple (adjusted for liquidity).
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The Mercantile Investment Trust Plc Overview
The Mercantile Investment Trust Plc is a live company located in london, EC4Y 0JP with a Companies House number of 00020537. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in December 1884, it's largest shareholder is undisclosed with a 100% stake. The Mercantile Investment Trust Plc is a mature, large sized company, Pomanda has estimated its turnover at £79m with high growth in recent years.
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The Mercantile Investment Trust Plc Health Check
Pomanda's financial health check has awarded The Mercantile Investment Trust Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
1 Weak
Size
annual sales of £79m, make it larger than the average company (£5.3m)
£79m - The Mercantile Investment Trust Plc
£5.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (6.4%)
25% - The Mercantile Investment Trust Plc
6.4% - Industry AVG
Production
with a gross margin of 13.6%, this company has a higher cost of product (54.7%)
13.6% - The Mercantile Investment Trust Plc
54.7% - Industry AVG
Profitability
an operating margin of 159.3% make it more profitable than the average company (9.2%)
159.3% - The Mercantile Investment Trust Plc
9.2% - Industry AVG
Employees
with 143 employees, this is above the industry average (12)
- The Mercantile Investment Trust Plc
12 - Industry AVG
Pay Structure
on an average salary of £79.4k, the company has an equivalent pay structure (£79.4k)
- The Mercantile Investment Trust Plc
£79.4k - Industry AVG
Efficiency
resulting in sales per employee of £552.3k, this is more efficient (£212.7k)
- The Mercantile Investment Trust Plc
£212.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Mercantile Investment Trust Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The Mercantile Investment Trust Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Mercantile Investment Trust Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 241 weeks, this is more cash available to meet short term requirements (29 weeks)
241 weeks - The Mercantile Investment Trust Plc
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.7%, this is a lower level of debt than the average (69%)
15.7% - The Mercantile Investment Trust Plc
69% - Industry AVG
THE MERCANTILE INVESTMENT TRUST PLC financials
The Mercantile Investment Trust Plc's latest turnover from January 2024 is £79 million and the company has net assets of £1.9 billion. According to their latest financial statements, we estimate that The Mercantile Investment Trust Plc has 143 employees and maintains cash reserves of £89.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 78,986,000 | 64,738,000 | 61,019,000 | 40,056,000 | 67,719,000 | 66,358,000 | 58,292,000 | 56,369,000 | 56,848,000 | 48,136,000 | 53,104,000 | 306,339,000 | 37,384,000 | 32,327,000 | 32,248,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | 37,384,000 | 32,327,000 | |||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 64,407,000 | ||||||||||||||
| Interest Payable | 4,172,000 | 4,245,000 | 3,851,000 | 3,323,000 | 3,295,000 | 10,979,000 | 10,978,000 | 11,118,000 | 3,345,000 | 3,359,000 | 11,004,000 | 10,978,000 | 3,389,000 | 3,320,000 | 5,489,000 |
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 71,207,000 | 57,008,000 | 52,972,000 | 33,176,000 | 61,112,000 | 59,675,000 | 51,584,000 | 49,479,000 | 49,862,000 | 41,465,000 | 370,807,000 | 289,397,000 | 31,599,000 | 26,787,000 | 23,766,000 |
| Tax | -141,000 | -128,000 | -1,494,000 | -711,000 | -602,000 | 75,000 | -292,000 | -183,000 | -282,000 | -113,000 | -312,000 | -32,000 | -44,000 | -18,000 | -63,000 |
| Profit After Tax | 71,066,000 | 56,880,000 | 51,478,000 | 32,465,000 | 60,510,000 | 59,750,000 | 51,292,000 | 49,296,000 | 49,580,000 | 41,352,000 | 370,495,000 | 289,365,000 | 31,555,000 | 26,769,000 | 23,703,000 |
| Dividends Paid | 58,791,000 | 54,567,000 | 53,033,000 | 52,241,000 | 52,254,000 | 47,193,000 | 39,149,000 | 40,564,000 | 45,227,000 | 39,289,000 | 41,279,000 | 35,503,000 | 35,571,000 | 35,792,000 | 36,808,000 |
| Retained Profit | 12,275,000 | 2,313,000 | -1,555,000 | -19,776,000 | 8,256,000 | 12,557,000 | 12,143,000 | 8,732,000 | 4,353,000 | 2,063,000 | 329,216,000 | 253,862,000 | -4,016,000 | -9,023,000 | -13,105,000 |
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | 64,407,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 2,115,714,000 | 2,042,758,000 | 2,465,122,000 | 2,228,555,000 | 2,289,569,000 | 1,754,994,000 | 2,090,612,000 | 1,787,131,000 | 1,775,622,000 | 1,722,405,000 | 1,831,759,000 | 1,417,228,000 | 1,276,856,000 | 1,347,562,000 | 1,158,236,000 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 2,115,714,000 | 2,042,758,000 | 2,465,122,000 | 2,228,555,000 | 2,289,569,000 | 1,754,994,000 | 2,090,612,000 | 1,787,131,000 | 1,775,622,000 | 1,722,405,000 | 1,831,759,000 | 1,417,228,000 | 1,276,856,000 | 1,347,562,000 | 1,158,236,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 4,271,000 | 10,607,000 | 27,000 | 7,783,000 | 13,836,000 | 9,027,000 | 3,605,000 | 1,021,000 | 15,807,000 | 1,757,000 | 410,000 | 2,078,000 | 17,727,000 | ||
| Group Debtors | |||||||||||||||
| Misc Debtors | 7,557,000 | 2,737,000 | 3,520,000 | 4,605,000 | 1,918,000 | 2,580,000 | 1,552,000 | 1,118,000 | 966,000 | 1,705,000 | 1,952,000 | 1,920,000 | |||
| Cash | 89,530,000 | 157,606,000 | 65,661,000 | 23,347,000 | 72,341,000 | 183,021,000 | 106,531,000 | 138,058,000 | 262,644,000 | 193,167,000 | 27,211,000 | 139,879,000 | 18,447,000 | 89,530,000 | 40,225,000 |
| misc current assets | 1,000 | ||||||||||||||
| total current assets | 97,087,000 | 160,343,000 | 69,932,000 | 37,474,000 | 76,973,000 | 190,804,000 | 120,367,000 | 149,003,000 | 268,829,000 | 195,740,000 | 44,137,000 | 142,602,000 | 20,562,000 | 93,560,000 | 59,872,000 |
| total assets | 2,212,801,000 | 2,203,101,000 | 2,535,054,000 | 2,266,029,000 | 2,366,542,000 | 1,945,798,000 | 2,210,979,000 | 1,936,134,000 | 2,044,451,000 | 1,918,145,000 | 1,875,896,000 | 1,559,830,000 | 1,297,418,000 | 1,441,122,000 | 1,218,108,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | 14,000 | 74,000 | 15,000,000 | ||||||||||||
| Trade Creditors | 949,000 | ||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 5,870,000 | 5,870,000 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 13,378,000 | 3,729,000 | 9,110,000 | 20,993,000 | 5,854,000 | 14,285,000 | 13,713,000 | 14,415,000 | 13,242,000 | 27,666,000 | 10,699,000 | 21,207,000 | 9,963,000 | 11,859,000 | 4,882,000 |
| total current liabilities | 19,248,000 | 9,599,000 | 9,124,000 | 21,067,000 | 5,854,000 | 14,285,000 | 13,713,000 | 14,415,000 | 13,242,000 | 27,666,000 | 10,699,000 | 21,207,000 | 9,963,000 | 26,859,000 | 5,831,000 |
| loans | 327,934,000 | 327,826,000 | 327,719,000 | 257,963,000 | 177,866,000 | 177,769,000 | 177,673,000 | 177,576,000 | 177,479,000 | 177,383,000 | 177,287,000 | 177,190,000 | 177,094,000 | 176,997,000 | 176,901,000 |
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 327,934,000 | 327,826,000 | 327,719,000 | 257,963,000 | 177,866,000 | 177,769,000 | 177,673,000 | 177,576,000 | 177,479,000 | 177,383,000 | 177,287,000 | 177,190,000 | 177,094,000 | 176,997,000 | 176,901,000 |
| total liabilities | 347,182,000 | 337,425,000 | 336,843,000 | 279,030,000 | 183,720,000 | 192,054,000 | 191,386,000 | 191,991,000 | 190,721,000 | 205,049,000 | 187,986,000 | 198,397,000 | 187,057,000 | 203,856,000 | 182,732,000 |
| net assets | 1,865,619,000 | 1,865,676,000 | 2,198,211,000 | 1,986,999,000 | 2,182,822,000 | 1,753,744,000 | 2,019,593,000 | 1,744,143,000 | 1,853,730,000 | 1,713,096,000 | 1,687,910,000 | 1,361,433,000 | 1,110,361,000 | 1,237,266,000 | 1,035,376,000 |
| total shareholders funds | 1,865,619,000 | 1,865,676,000 | 2,198,211,000 | 1,986,999,000 | 2,182,822,000 | 1,753,744,000 | 2,019,593,000 | 1,744,143,000 | 1,853,730,000 | 1,713,096,000 | 1,687,910,000 | 1,361,433,000 | 1,110,361,000 | 1,237,266,000 | 1,035,376,000 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 64,407,000 | ||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -141,000 | -128,000 | -1,494,000 | -711,000 | -602,000 | 75,000 | -292,000 | -183,000 | -282,000 | -113,000 | -312,000 | -32,000 | -44,000 | -18,000 | -63,000 |
| Stock | |||||||||||||||
| Debtors | 4,820,000 | -1,534,000 | -9,856,000 | 9,495,000 | -3,151,000 | -6,053,000 | 2,891,000 | 4,760,000 | 3,612,000 | -14,352,000 | 14,202,000 | 608,000 | -1,915,000 | -15,617,000 | 19,647,000 |
| Creditors | -949,000 | 949,000 | |||||||||||||
| Accruals and Deferred Income | 9,649,000 | -5,381,000 | -11,883,000 | 15,139,000 | -8,431,000 | 572,000 | -702,000 | 1,173,000 | -14,424,000 | 16,967,000 | -10,508,000 | 11,244,000 | -1,896,000 | 6,977,000 | 4,882,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 58,525,000 | ||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 135,776,000 | 74,357,000 | 22,470,000 | 112,367,000 | 180,024,000 | -100,935,000 | 138,323,000 | -37,962,000 | 82,564,000 | -106,082,000 | |||||
| Change in Investments | 72,956,000 | -422,364,000 | 236,567,000 | -61,014,000 | 534,575,000 | -335,618,000 | 303,481,000 | 11,509,000 | 53,217,000 | -109,354,000 | 414,531,000 | 140,372,000 | -70,706,000 | 189,326,000 | 1,158,236,000 |
| cash flow from investments | -72,956,000 | 422,364,000 | -236,567,000 | 61,014,000 | -534,575,000 | 471,394,000 | -229,124,000 | 10,961,000 | 59,150,000 | 289,378,000 | -515,466,000 | -2,049,000 | 32,744,000 | -106,762,000 | -1,264,318,000 |
| Financing Activities | |||||||||||||||
| Bank loans | -14,000 | -60,000 | 74,000 | -15,000,000 | 15,000,000 | ||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | 5,870,000 | ||||||||||||||
| Long term loans | 108,000 | 107,000 | 69,756,000 | 80,097,000 | 97,000 | 96,000 | 97,000 | 97,000 | 96,000 | 96,000 | 97,000 | 96,000 | 97,000 | 96,000 | 176,901,000 |
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -4,172,000 | -4,245,000 | -3,851,000 | -3,323,000 | -3,295,000 | -10,979,000 | -10,978,000 | -11,118,000 | -3,345,000 | -3,359,000 | -11,004,000 | -10,978,000 | -3,389,000 | -3,320,000 | -5,489,000 |
| cash flow from financing | -16,396,000 | -333,130,000 | 278,612,000 | -99,199,000 | 417,624,000 | -289,289,000 | 252,426,000 | -129,340,000 | 133,032,000 | 19,860,000 | -13,646,000 | -13,672,000 | -141,181,000 | 222,689,000 | 1,219,893,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -68,076,000 | 91,945,000 | 42,314,000 | -48,994,000 | -110,680,000 | 76,490,000 | -31,527,000 | -124,586,000 | 69,477,000 | 165,956,000 | -112,668,000 | 121,432,000 | -71,083,000 | 49,305,000 | 40,225,000 |
| overdraft | |||||||||||||||
| change in cash | -68,076,000 | 91,945,000 | 42,314,000 | -48,994,000 | -110,680,000 | 76,490,000 | -31,527,000 | -124,586,000 | 69,477,000 | 165,956,000 | -112,668,000 | 121,432,000 | -71,083,000 | 49,305,000 | 40,225,000 |
the mercantile investment trust plc Credit Report and Business Information
The Mercantile Investment Trust Plc Competitor Analysis
Perform a competitor analysis for the mercantile investment trust plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC4Y area or any other competitors across 12 key performance metrics.
the mercantile investment trust plc Ownership
THE MERCANTILE INVESTMENT TRUST PLC group structure
The Mercantile Investment Trust Plc has no subsidiary companies.
Ultimate parent company
THE MERCANTILE INVESTMENT TRUST PLC
00020537
the mercantile investment trust plc directors
The Mercantile Investment Trust Plc currently has 6 directors. The longest serving directors include Mr Angus Gordon Lennox (Sep 2015) and Ms Heather Hopkins (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Angus Gordon Lennox | 61 years | Sep 2015 | - | Director | |
| Ms Heather Hopkins | 51 years | Jul 2018 | - | Director | |
| Mr Graham Kitchen | England | 58 years | Jul 2018 | - | Director |
| Mr Damien Maltarp | United Kingdom | 50 years | Jun 2021 | - | Director |
| Mrs Rachel Beagles | Scotland | 57 years | Jun 2021 | - | Director |
| Ms Julia Goh | 56 years | Jan 2023 | - | Director |
P&L
January 2024turnover
79m
+22%
operating profit
125.8m
0%
gross margin
13.6%
-16.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
1.9b
0%
total assets
2.2b
0%
cash
89.5m
-0.43%
net assets
Total assets minus all liabilities
the mercantile investment trust plc company details
company number
00020537
Type
Public limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
December 1884
age
141
incorporated
UK
ultimate parent company
accounts
Interim
last accounts submitted
July 2024
previous names
jpmorgan fleming mercantile investment trust plc (April 2008)
fleming mercantile investment trust public limited company (the) (June 2004)
accountant
-
auditor
-
address
60 victoria embankment, london, EC4Y 0JP
Bank
BARCLAYS BANK PLC
Legal Advisor
-
the mercantile investment trust plc 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 11 charges/mortgages relating to the mercantile investment trust plc. Currently there are 2 open charges and 9 have been satisfied in the past.
the mercantile investment trust plc 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.
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the mercantile investment trust plc Companies House Filings - See Documents
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