Pomanda estimates the enterprise value of MERCOL (OFFICE FURNITURE) LIMITED at £2.1m based on a Turnover of £5.5m and 0.39x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of MERCOL (OFFICE FURNITURE) LIMITED at £0 based on an EBITDA of £-318.1k and a 4.07x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of MERCOL (OFFICE FURNITURE) LIMITED at £274.5k based on Net Assets of £145.9k and 1.88x industry multiple (adjusted for liquidity).
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Mercol (office Furniture) LimitedOverview
Mercol (office Furniture) Limited is a dissolved company that was located in preston, PR5 6DA with a Companies House number of 02765291. It operated in the manufacture of office and shop furniture sector, SIC Code 31010. Founded in November 1992, it's largest shareholder was
robert west
with a 33.3% stake. The last turnover for Mercol (office Furniture) Limited was estimated at £5.5m.
Pomanda's financial health check has awarded Mercol (Office Furniture) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
4 Regular
6 Weak
Size
annual sales of £5.5m, make it smaller than the average company (£12.5m)
£5.5m - Mercol (office Furniture) Limited
£12.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (3.3%)
7% - Mercol (office Furniture) Limited
3.3% - Industry AVG
Production
with a gross margin of 33.7%, this company has a comparable cost of product (33.7%)
33.7% - Mercol (office Furniture) Limited
33.7% - Industry AVG
Profitability
an operating margin of -7% make it less profitable than the average company (3.8%)
-7% - Mercol (office Furniture) Limited
3.8% - Industry AVG
Employees
with 53 employees, this is below the industry average (89)
53 - Mercol (office Furniture) Limited
89 - Industry AVG
Pay Structure
on an average salary of £34.9k, the company has an equivalent pay structure (£34.9k)
£34.9k - Mercol (office Furniture) Limited
£34.9k - Industry AVG
Efficiency
resulting in sales per employee of £103.4k, this is less efficient (£140.3k)
£103.4k - Mercol (office Furniture) Limited
£140.3k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is near the average (57 days)
66 days - Mercol (office Furniture) Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 78 days, this is slower than average (43 days)
78 days - Mercol (office Furniture) Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 42 days, this is in line with average (40 days)
42 days - Mercol (office Furniture) Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Mercol (office Furniture) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94%, this is a higher level of debt than the average (55.2%)
94% - Mercol (office Furniture) Limited
55.2% - Industry AVG
MERCOL (OFFICE FURNITURE) LIMITED financials
EXPORT
Mercol (Office Furniture) Limited's latest turnover from December 2018 is estimated at £5.5 million and the company has net assets of £145.9 thousand. According to their latest financial statements, Mercol (Office Furniture) Limited has 53 employees and maintains cash reserves of £15.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
5,477,756
4,789,472
4,663,536
4,409,512
5,630,675
6,091,014
6,868,633
5,395,348
5,925,343
Other Income Or Grants
Cost Of Sales
3,629,711
3,153,774
3,074,199
2,955,929
3,869,844
4,253,249
4,832,139
3,777,066
4,080,329
Gross Profit
1,848,045
1,635,698
1,589,337
1,453,583
1,760,831
1,837,765
2,036,494
1,618,282
1,845,013
Admin Expenses
2,228,706
1,550,483
1,534,367
1,809,342
2,064,485
1,832,854
2,315,883
1,936,491
1,967,152
-1,563,967
Operating Profit
-380,661
85,215
54,970
-355,759
-303,654
4,911
-279,389
-318,209
-122,139
1,563,967
Interest Payable
16,875
17,875
16,808
7,730
Interest Receivable
96
33
5
5
6
6
118
192
601
524
Pre-Tax Profit
-397,440
67,373
38,168
-363,484
-303,648
4,917
-279,271
-318,017
-121,538
1,564,492
Tax
-12,801
-7,633
-1,131
-438,058
Profit After Tax
-397,440
54,572
30,534
-363,484
-303,648
3,786
-279,271
-318,017
-121,538
1,126,434
Dividends Paid
Retained Profit
-397,440
54,572
30,534
-363,484
-303,648
3,786
-279,271
-318,017
-121,538
1,126,434
Employee Costs
1,847,387
1,766,172
1,821,221
1,979,710
1,226,811
1,408,397
1,590,803
1,415,420
1,600,002
Number Of Employees
53
50
52
59
39
45
51
45
51
EBITDA*
-318,111
153,962
121,735
-298,312
-213,218
94,387
-178,771
-228,561
-25,426
1,693,523
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
620,116
591,628
565,138
599,155
519,293
602,033
652,705
516,100
589,947
680,499
Intangible Assets
30,200
45,600
57,600
12,600
16,800
21,000
25,200
29,400
33,600
37,800
Investments & Other
5,868
5,868
5,868
5,868
5,868
5,868
5,868
5,868
5,868
5,868
Debtors (Due After 1 year)
139,537
139,537
139,537
139,537
139,537
139,537
141,060
173,180
Total Fixed Assets
795,721
782,633
768,143
757,160
681,498
768,438
824,833
724,548
629,415
724,167
Stock & work in progress
418,112
310,872
318,621
294,132
351,280
361,345
410,675
438,427
326,042
427,934
Trade Debtors
997,439
867,837
785,139
665,335
1,068,232
1,237,428
1,357,224
1,075,672
1,356,000
1,456,543
Group Debtors
27,046
30,588
35,841
42,170
Misc Debtors
167,633
218,432
386,769
219,770
Cash
15,574
10,135
3,174
792
1,227
1,294
1,130
46,125
30,547
209,687
misc current assets
total current assets
1,625,804
1,437,864
1,529,544
1,222,199
1,420,739
1,600,067
1,769,029
1,560,224
1,712,589
2,094,164
total assets
2,421,525
2,220,497
2,297,687
1,979,359
2,102,237
2,368,505
2,593,862
2,284,772
2,342,004
2,818,331
Bank overdraft
237,852
Bank loan
Trade Creditors
776,625
529,033
472,487
271,118
1,341,155
1,261,730
1,454,438
1,003,299
741,793
1,095,865
Group/Directors Accounts
5,664
5,664
5,664
5,664
other short term finances
hp & lease commitments
11,585
10,428
17,340
47,815
other current liabilities
1,197,895
835,872
1,004,050
935,495
total current liabilities
1,991,769
1,380,997
1,499,541
1,497,944
1,341,155
1,261,730
1,454,438
1,003,299
741,793
1,095,865
loans
250,000
250,000
300,000
hp & lease commitments
25,916
37,501
13,084
Accruals and Deferred Income
10,784
11,503
12,222
12,940
13,661
14,378
other liabilities
7,908
8,627
60,898
102,224
137,940
provisions
total long term liabilities
283,824
296,128
300,000
13,084
71,682
113,727
150,162
12,940
13,661
14,378
total liabilities
2,275,593
1,677,125
1,799,541
1,511,028
1,412,837
1,375,457
1,604,600
1,016,239
755,454
1,110,243
net assets
145,932
543,372
498,146
468,331
689,400
993,048
989,262
1,268,533
1,586,550
1,708,088
total shareholders funds
145,932
543,372
498,146
468,331
689,400
993,048
989,262
1,268,533
1,586,550
1,708,088
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
-380,661
85,215
54,970
-355,759
-303,654
4,911
-279,389
-318,209
-122,139
1,563,967
Depreciation
46,350
52,547
50,565
53,247
86,236
85,276
96,418
85,448
92,513
125,356
Amortisation
16,200
16,200
16,200
4,200
4,200
4,200
4,200
4,200
4,200
4,200
Tax
-12,801
-7,633
-1,131
-438,058
Stock
107,240
-7,749
24,489
-57,148
-10,065
-49,330
-27,752
112,385
-101,892
427,934
Debtors
75,261
-90,892
280,474
-140,957
-169,196
-121,319
249,432
-107,148
-100,543
1,456,543
Creditors
247,592
56,546
201,369
-1,070,037
79,425
-192,708
451,139
261,506
-354,072
1,095,865
Accruals and Deferred Income
362,023
-168,178
68,555
924,711
-719
-719
-718
-721
-717
14,378
Deferred Taxes & Provisions
Cash flow from operations
109,003
128,170
79,063
-245,533
44,749
70,478
49,970
26,987
-177,780
481,231
Investing Activities
capital expenditure
-75,638
-83,237
-77,748
-133,109
-3,496
-34,604
-233,023
-11,601
-1,961
-847,855
Change in Investments
5,868
cash flow from investments
-75,638
-83,237
-77,748
-133,109
-3,496
-34,604
-233,023
-11,601
-1,961
-853,723
Financing Activities
Bank loans
Group/Directors Accounts
5,664
Other Short Term Loans
Long term loans
-50,000
300,000
Hire Purchase and Lease Commitments
-10,428
30,589
-43,559
60,899
other long term liabilities
-719
8,627
-60,898
-41,326
-35,716
137,940
share issue
-9,346
-719
142,415
581,654
interest
-16,779
-17,842
-16,803
-7,725
6
6
118
192
601
524
cash flow from financing
-27,926
-37,972
238,919
140,355
-41,320
-35,710
138,058
192
601
582,178
cash and cash equivalents
cash
5,439
6,961
2,382
-435
-67
164
-44,995
15,578
-179,140
209,687
overdraft
-237,852
237,852
change in cash
5,439
6,961
240,234
-238,287
-67
164
-44,995
15,578
-179,140
209,687
mercol (office furniture) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for mercol (office furniture) limited. Get real-time insights into mercol (office furniture) limited's credit score, group structure and payment trends.
Perform a competitor analysis for mercol (office furniture) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in PR5 area or any other competitors across 12 key performance metrics.
mercol (office furniture) limited Ownership
MERCOL (OFFICE FURNITURE) LIMITED group structure
Mercol (Office Furniture) Limited has 2 subsidiary companies.
The largest shareholders in Mercol (Office Furniture) Limited include Robert West and Mercol (Office Furniture) Ltd Rbs.
robert west
33.33%
mercol (office furniture) ltd rbs
22.81%
barbara geraldine west
21.93%
colin west
21.93%
mercol (office furniture) limited directors
Mercol (Office Furniture) Limited currently has 3 directors.
The longest serving directors include
Mr Colin West (Nov 1992) and
Mrs Barbara West (Jan 2000).
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 mercol (office furniture) limited.
mercol (office furniture) 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.
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mercol (office furniture) limitedCompanies House Filings - See Documents
