Mersey Carpet Co.,limited(the)

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mersey carpet co.,limited(the) Company Information

Live

MatureSmallHigh

Company Number

00532356

Website

www.bandrcarpet.co.uk

Registered Address

brookhouse mill holcombe road, greenmount, bury, lancashire, BL8 4HR

Industry

Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Telephone

01757228859

Next Accounts Due

June 2025

Group Structure

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Directors

Iain Booth0 Years

Paul Barratt0 Years

Shareholders

greenwood & coope limited 48%

betty winifred cormack 16%

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mersey carpet co.,limited(the) Estimated Valuation

£701k

Pomanda estimates the enterprise value of MERSEY CARPET CO.,LIMITED(THE) at £701k based on Net Assets of £228.4k and 3.07x industry multiple (adjusted for liquidity).

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Mersey Carpet Co.,limited(the) is a live company located in bury, BL8 4HR with a Companies House number of 00532356. It operates in the retail sale of carpets, rugs, wall and floor coverings in specialised stores sector, SIC Code 47530. Founded in April 1954, it's largest shareholder is greenwood & coope limited with a 48% stake. Mersey Carpet Co.,limited(the) is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with high growth in recent years.

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Pomanda's financial health check has awarded Mersey Carpet Co.,Limited(The) a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£9.9m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.1%)

EXPORT

Mersey Carpet Co.,Limited(The)'s latest turnover from September 2023 is estimated at £1.6 million and the company has net assets of £228.4 thousand. According to their latest financial statements, we estimate that Mersey Carpet Co.,Limited(The) has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	1,637,959	2,460,651	1,177,635	959,110	1,183,267	1,045,078	154,384	144,817	261,204	236,733	159,761	102,256	142,100	124,143	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,082,423	1,596,967	778,306	626,286	813,334	710,355	108,848	103,318	185,266	167,730	112,004	71,365	96,887	84,904	0
Gross Profit	555,536	863,683	399,328	332,823	369,933	334,724	45,536	41,499	75,938	69,003	47,758	30,891	45,213	39,239	0
Admin Expenses	777,737	672,742	206,861	445,167	310,817	269,205	-32,288	-21,855	-2,641	98,349	-15,158	76,574	-14,133	144,189	-205,203
Operating Profit	-222,201	190,941	192,467	-112,344	59,116	65,519	77,824	63,354	78,579	-29,346	62,916	-45,683	59,346	-104,950	205,203
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	589	528	419	347	393	349	183
Pre-Tax Profit	-222,201	190,941	192,467	-112,344	59,116	65,519	78,364	63,586	79,168	-28,818	63,335	-45,336	59,739	-104,601	205,386
Tax	0	-36,279	-36,569	0	-11,232	-12,449	-15,284	-12,717	-15,833	0	-14,567	0	-15,532	0	-57,508
Profit After Tax	-222,201	154,662	155,898	-112,344	47,884	53,070	63,080	50,869	63,334	-28,818	48,768	-45,336	44,207	-104,601	147,878
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-222,201	154,662	155,898	-112,344	47,884	53,070	63,080	50,869	63,334	-28,818	48,768	-45,336	44,207	-104,601	147,878
Employee Costs	269,191	352,805	180,012	151,650	166,779	126,853	50,741	49,509	48,545	47,170	22,449	21,277	19,568	20,920	0
Number Of Employees	8	13	7	6	6	5	2	2	2	2	1	1	1	1	0
EBITDA*	-222,201	190,941	192,467	-112,344	59,116	65,519	77,824	63,354	78,579	-29,346	62,916	-45,683	59,346	-104,950	205,203

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	377,376	580,625	435,859	224,377	299,702	264,542	208,073	63,692	31,428	25,283	16,490	13,139	18,101	12,632	105,662
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	41,858	143,589	91,911	119,449	48,085	90,618	66,643	73,135
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	377,376	580,625	435,859	224,377	299,702	264,542	208,073	105,550	175,017	117,194	135,939	61,224	108,719	79,275	178,797
total assets	377,376	580,625	435,859	224,377	299,702	264,542	208,073	105,550	175,017	117,194	135,939	61,224	108,719	79,275	178,797
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	66,923	83,462	106,174	40,950	30,800	48,524	50,875	17,181	47,517	53,028	42,955	17,008	19,167	33,930	28,851
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	66,923	83,462	106,174	40,950	30,800	48,524	50,875	17,181	47,517	53,028	42,955	17,008	19,167	33,930	28,851
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	82,036	46,545	33,729	43,369	16,500	11,500	5,750	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	82,036	46,545	33,729	43,369	16,500	11,500	5,750	0	0	0	0	0	0	0	0
total liabilities	148,959	130,007	139,903	84,319	47,300	60,024	56,625	17,181	47,517	53,028	42,955	17,008	19,167	33,930	28,851
net assets	228,417	450,618	295,956	140,058	252,402	204,518	151,448	88,369	127,500	64,166	92,984	44,216	89,552	45,345	149,946
total shareholders funds	228,417	450,618	295,956	140,058	252,402	204,518	151,448	88,369	127,500	64,166	92,984	44,216	89,552	45,345	149,946

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-222,201	190,941	192,467	-112,344	59,116	65,519	77,824	63,354	78,579	-29,346	62,916	-45,683	59,346	-104,950	205,203
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-36,279	-36,569	0	-11,232	-12,449	-15,284	-12,717	-15,833	0	-14,567	0	-15,532	0	-57,508
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-203,249	144,766	211,482	-75,325	35,160	56,469	144,381	32,264	6,145	8,793	3,351	-4,962	5,469	-93,030	105,662
Creditors	-16,539	-22,712	65,224	10,150	-17,724	-2,351	33,694	-30,336	-5,511	10,073	25,947	-2,159	-14,763	5,079	28,851
Accruals and Deferred Income	35,491	12,816	-9,640	26,869	5,000	5,750	5,750	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	0	0	0	-42,397	-11,963	51,090	-28,066	70,945	-42,880	23,582	-6,841	70,884
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-1	-90,000	0	0	0	0	0	0	2,068
interest	0	0	0	0	0	0	0	0	589	528	419	347	393	349	183
cash flow from financing	0	0	0	0	0	0	-1	-90,000	589	528	419	347	393	349	2,251
cash and cash equivalents
cash	0	0	0	0	0	0	-41,858	-101,731	51,678	-27,538	71,364	-42,533	23,975	-6,492	73,135
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-41,858	-101,731	51,678	-27,538	71,364	-42,533	23,975	-6,492	73,135

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERSEY CARPET CO.,LIMITED(THE) group structure

Mersey Carpet Co.,Limited(The) has no subsidiary companies.

Ultimate parent company

MERSEY CARPET CO.,LIMITED(THE)

00532356

MERSEY CARPET CO.,LIMITED(THE) Shareholders

greenwood & coope limited	48%
betty winifred cormack	16%
peter healey & helen polito & john cormack & david cormack as trustees	16%
david neville cormack	6.7%
helen winifred polito	6.7%
john robert cormack	6.6%

Mersey Carpet Co.,Limited(The) currently has 2 directors. The longest serving directors include Mr Iain Booth (Sep 2023) and Mr Paul Barratt (Apr 2024).

officer	country	age	start	end	role
Mr Iain Booth		52 years	Sep 2023	-	Director
Mr Paul Barratt		46 years	Apr 2024	-	Director

P&L

September 2023

turnover

1.6m

-33%

operating profit

-222.2k

gross margin

34%

-3.37%

turnover

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

Balance Sheet

September 2023

net assets

228.4k

-0.49%

total assets

377.4k

-0.35%

cash

net assets

Total assets minus all liabilities

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company number

00532356

Type

Private limited with Share Capital

industry

47530 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores

incorporation date

April 1954

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

brookhouse mill holcombe road, greenmount, bury, lancashire, BL8 4HR

last accounts submitted

September 2023

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 mersey carpet co.,limited(the).

mersey carpet co.,limited(the) Company Information

mersey carpet co.,limited(the) Estimated Valuation

mersey carpet co.,limited(the) Estimated Valuation

mersey carpet co.,limited(the) Estimated Valuation

Mersey Carpet Co.,limited(the) Overview

Mersey Carpet Co.,limited(the) Health Check

MERSEY CARPET CO.,LIMITED(THE) financials

mersey carpet co.,limited(the) Credit Report and Business Information

Mersey Carpet Co.,limited(the) Competitor Analysis

mersey carpet co.,limited(the) Ownership

mersey carpet co.,limited(the) directors

mersey carpet co.,limited(the) company details

mersey carpet co.,limited(the) Charges & Mortgages

mersey carpet co.,limited(the) Companies House Filings - See Documents