Merridale Ltd

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merridale ltd Company Information

Live

MatureSmallHealthy

Company Number

02990709

Next Accounts

Aug 2025

Industry

Manufacture of other special-purpose machinery n.e.c.

Directors

John Russell

Paul Ledbury

Shareholders

ledbury russell limited

Group Structure

View All

Contact

Registered Address

merridale works, lower walsall street, wolverhampton, WV1 2EU

Website

www.merridale.co.uk

merridale ltd Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of MERRIDALE LTD at £1.8m based on Net Assets of £861.8k and 2.07x industry multiple (adjusted for liquidity).

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Merridale Ltd is a live company located in wolverhampton, WV1 2EU with a Companies House number of 02990709. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in November 1994, it's largest shareholder is ledbury russell limited with a 100% stake. Merridale Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Merridale Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£11.6m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (3%)

EXPORT

Merridale Ltd's latest turnover from November 2023 is estimated at £2.6 million and the company has net assets of £861.8 thousand. According to their latest financial statements, Merridale Ltd has 20 employees and maintains cash reserves of £1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	2,615,272	2,024,857	1,815,032	1,804,925	1,580,656	1,455,576	1,454,897	1,541,899	1,162,980	411,845	567,947	1,039,555	883,774	1,186,602	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,058,002	1,613,830	1,427,635	1,411,594	1,221,509	1,127,485	1,138,613	1,175,583	893,674	312,260	426,168	781,780	670,360	908,081	0
Gross Profit	557,269	411,026	387,397	393,330	359,147	328,091	316,284	366,315	269,306	99,585	141,779	257,776	213,414	278,521	0
Admin Expenses	926,156	237,278	260,035	343,670	307,309	271,117	287,555	468,213	251,174	-27,518	119,268	33,321	-35,920	238,916	-454,286
Operating Profit	-368,887	173,748	127,362	49,660	51,838	56,974	28,729	-101,898	18,132	127,103	22,511	224,455	249,334	39,605	454,286
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	51,345	24,656	717	629	4,099	3,924	2,698	1,690	3,344	2,962	2,844	2,112	1,072	302	35
Pre-Tax Profit	-317,542	198,404	128,079	50,289	55,937	60,898	31,427	-100,208	21,476	130,065	25,355	226,567	250,405	39,907	454,321
Tax	0	-37,697	-24,335	-9,555	-10,628	-11,571	-5,971	0	-4,295	-27,314	-5,832	-54,376	-65,105	-11,174	-127,210
Profit After Tax	-317,542	160,707	103,744	40,734	45,309	49,327	25,456	-100,208	17,181	102,751	19,523	172,191	185,300	28,733	327,111
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-317,542	160,707	103,744	40,734	45,309	49,327	25,456	-100,208	17,181	102,751	19,523	172,191	185,300	28,733	327,111
Employee Costs	1,002,407	986,198	906,589	946,387	844,984	787,363	749,505	285,724	200,714	81,194	118,621	193,532	184,827	249,073	0
Number Of Employees	20	21	20	21	19	18	18	7	5	2	3	5	5	7	0
EBITDA*	-352,253	196,162	138,464	65,571	73,838	77,765	52,508	-75,360	45,619	147,088	47,686	244,797	275,792	76,803	503,733

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	48,735	66,866	30,447	44,667	65,401	62,350	69,673	75,667	76,974	59,696	76,613	59,401	79,880	109,870	155,149
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)	1,749	0	0	0	0	1,256	2,596	0	0	0	0	0	0	0	0
Total Fixed Assets	50,484	66,866	30,447	44,667	65,401	63,606	72,269	75,667	76,974	59,696	76,613	59,401	79,880	109,870	155,149
Stock & work in progress	523,529	531,003	397,365	315,156	330,941	252,334	245,829	243,931	180,602	186,276	187,330	186,990	164,247	198,089	271,833
Trade Debtors	570,187	463,826	434,681	388,637	348,779	340,354	388,884	398,911	295,775	5,492	5,782	294,331	279,196	354,659	151,793
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	1,029,222	926,789	716,939	716,635	541,493	551,663	494,655	584,472	767,257	570,516	614,184	523,298	321,644	107,097	13,815
misc current assets	0	0	0	0	0	0	0	0	0	305,468	308,947	0	0	0	0
total current assets	2,122,938	1,921,618	1,548,985	1,420,428	1,221,213	1,144,351	1,129,368	1,227,314	1,243,634	1,067,752	1,116,243	1,004,619	765,087	659,845	437,441
total assets	2,173,422	1,988,484	1,579,432	1,465,095	1,286,614	1,207,957	1,201,637	1,302,981	1,320,608	1,127,448	1,192,856	1,064,020	844,967	769,715	592,590
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	1,291,117	766,648	555,824	542,954	397,463	361,939	400,005	516,711	445,401	284,969	443,924	349,185	302,323	394,827	213,516
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	1,291,117	766,648	555,824	542,954	397,463	361,939	400,005	516,711	445,401	284,969	443,924	349,185	302,323	394,827	213,516
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	9,179	26,636	0	0	5,345	9,439	14,735	24,676	20,917	5,370	14,574	0	0	17,544	39,535
provisions	11,309	15,841	4,956	7,233	9,632	7,714	7,359	7,512	0	0	0	0	0	0	10,928
total long term liabilities	20,488	42,477	4,956	7,233	14,977	17,153	22,094	32,188	20,917	5,370	14,574	0	0	17,544	50,463
total liabilities	1,311,605	809,125	560,780	550,187	412,440	379,092	422,099	548,899	466,318	290,339	458,498	349,185	302,323	412,371	263,979
net assets	861,817	1,179,359	1,018,652	914,908	874,174	828,865	779,538	754,082	854,290	837,109	734,358	714,835	542,644	357,344	328,611
total shareholders funds	861,817	1,179,359	1,018,652	914,908	874,174	828,865	779,538	754,082	854,290	837,109	734,358	714,835	542,644	357,344	328,611

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-368,887	173,748	127,362	49,660	51,838	56,974	28,729	-101,898	18,132	127,103	22,511	224,455	249,334	39,605	454,286
Depreciation	16,634	22,414	11,102	15,911	22,000	20,791	23,779	26,538	27,487	19,985	25,175	20,342	26,458	37,198	49,447
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-37,697	-24,335	-9,555	-10,628	-11,571	-5,971	0	-4,295	-27,314	-5,832	-54,376	-65,105	-11,174	-127,210
Stock	-7,474	133,638	82,209	-15,785	78,607	6,505	1,898	63,329	-5,674	-1,054	340	22,743	-33,842	-73,744	271,833
Debtors	108,110	29,145	46,044	39,858	7,169	-49,870	-7,431	103,136	290,283	-290	-288,549	15,135	-75,463	202,866	151,793
Creditors	524,469	210,824	12,870	145,491	35,524	-38,066	-116,706	71,310	160,432	-158,955	94,739	46,862	-92,504	181,311	213,516
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-4,532	10,885	-2,277	-2,399	1,918	355	-153	7,512	0	0	0	0	0	-10,928	10,928
Cash flow from operations	67,048	217,391	-3,531	175,035	14,876	71,848	-64,789	-163,003	-82,853	-37,837	424,802	199,405	227,488	106,890	177,341
Investing Activities
capital expenditure	1,497	-58,833	3,118	4,823	-25,051	-13,468	-17,785	-25,231	-44,765	-3,068	-42,387	137	3,532	8,081	-204,596
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,497	-58,833	3,118	4,823	-25,051	-13,468	-17,785	-25,231	-44,765	-3,068	-42,387	137	3,532	8,081	-204,596
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	-17,457	26,636	0	-5,345	-4,094	-5,296	-9,941	3,759	15,547	-9,204	14,574	0	-17,544	-21,991	39,535
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,500
interest	51,345	24,656	717	629	4,099	3,924	2,698	1,690	3,344	2,962	2,844	2,112	1,072	302	35
cash flow from financing	33,888	51,292	717	-4,716	5	-1,372	-7,243	5,449	18,891	-6,242	17,418	2,112	-16,472	-21,689	41,070
cash and cash equivalents
cash	102,433	209,850	304	175,142	-10,170	57,008	-89,817	-182,785	196,741	-43,668	90,886	201,654	214,547	93,282	13,815
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	102,433	209,850	304	175,142	-10,170	57,008	-89,817	-182,785	196,741	-43,668	90,886	201,654	214,547	93,282	13,815

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERRIDALE LTD group structure

Merridale Ltd has no subsidiary companies.

Ultimate parent company

LEDBURY RUSSELL LIMITED

10327979

1 parent

MERRIDALE LTD

02990709

MERRIDALE LTD Shareholders

ledbury russell limited

100%

Merridale Ltd currently has 2 directors. The longest serving directors include Mr John Russell (Nov 1994) and Mr Paul Ledbury (Nov 1994).

officer	country	age	start	end	role
Mr John Russell	England	65 years	Nov 1994	-	Director
Mr Paul Ledbury	England	62 years	Nov 1994	-	Director

P&L

November 2023

turnover

2.6m

+29%

operating profit

-368.9k

gross margin

21.4%

+4.97%

turnover

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

Balance Sheet

November 2023

net assets

861.8k

-0.27%

total assets

2.2m

+0.09%

cash

+0.11%

net assets

Total assets minus all liabilities

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company number

02990709

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

November 1994

ultimate parent company

LEDBURY RUSSELL LIMITED

previous names

m.i.s. fuel monitoring limited (September 2017)

address

merridale works, lower walsall street, wolverhampton, WV1 2EU

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.

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merridale ltd Company Information

merridale ltd Estimated Valuation

merridale ltd Estimated Valuation

merridale ltd Estimated Valuation

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MERRIDALE LTD financials

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merridale ltd Ownership

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