Mertex Uk Limited

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mertex uk limited Company Information

Live

MatureMidDeclining

Company Number

03071772

Next Accounts

Mar 2025

Industry

Other personal service activities n.e.c.

Directors

Jaswinder Kohli

Shareholders

jaswinder singh kohli

Group Structure

View All

Contact

Registered Address

highdown house 11 highdown road, leamington spa, warwickshire, CV31 1XT

Website

www.mertex.co.uk

mertex uk limited Estimated Valuation

£41m

Pomanda estimates the enterprise value of MERTEX UK LIMITED at £41m based on Net Assets of £18.1m and 2.27x industry multiple (adjusted for liquidity).

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Mertex Uk Limited is a live company located in warwickshire, CV31 1XT with a Companies House number of 03071772. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in June 1995, it's largest shareholder is jaswinder singh kohli with a 100% stake. Mertex Uk Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Mertex Uk Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

0 Regular

9 Weak

Size

annual sales of £12.7m, make it larger than the average company (£900.9k)

Growth

3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (5.7%)

EXPORT

Mertex Uk Limited's latest turnover from June 2023 is £12.7 million and the company has net assets of £18.1 million. According to their latest financial statements, Mertex Uk Limited has 9 employees and maintains cash reserves of £563 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	12,683,322	15,648,593	14,990,385	32,523,416	58,341,824	89,236,585	29,382,364	62,487,153	93,766,516	155,328,313	186,033,413	185,452,371	78,576,748	101,305,303
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	10,700,470	13,511,040	13,790,383	28,857,564	54,396,954	84,800,786	26,851,859	58,941,687	88,297,881	150,259,747	178,325,003	178,284,418	74,852,166	97,129,850
Gross Profit	1,982,852	2,137,553	1,200,002	3,665,851	3,944,870	4,435,799	2,530,504	3,545,466	5,468,636	5,068,566	7,708,410	7,167,953	3,724,582	4,175,453
Admin Expenses	1,394,819	869,485	365,334	1,813,667	2,029,966	3,234,575	1,410,437	1,447,329	4,897,421	2,029,093	4,755,475	3,802,027	405,599	1,495,768
Operating Profit	588,033	1,268,068	834,668	1,852,184	1,914,904	1,201,224	1,120,067	2,098,137	571,215	3,039,473	2,952,935	3,365,926	3,318,983	2,679,685
Interest Payable	13,933	15,516	320,749	1,562,200	2,011,657	1,319,360	224,162	644,198	264,888	293,680	1,105,049	1,206,227	946,109	333,469
Interest Receivable	939	724	142,513	190,705	123,553	1,223,530	5,609	2,753	4,174	4,285	0	7	0	193
Pre-Tax Profit	575,039	1,253,277	1,748,658	480,690	26,800	1,105,395	901,514	1,456,692	310,503	2,750,079	1,847,887	2,159,707	2,372,875	2,346,409
Tax	-304,483	-120,967	-126,506	-372,605	6,302	-205,654	-240,824	-226,193	-297,000	-619,702	-431,065	-524,520	-688,694	-672,764
Profit After Tax	270,556	1,132,310	1,622,152	108,084	33,102	899,741	660,690	1,230,499	13,503	2,130,377	1,416,822	1,635,186	1,684,180	1,673,645
Dividends Paid	280,293	311,569	254,124	272,480	493,071	266,960	291,532	289,578	426,818	236,669	512,211	240,804	636,107	250,000
Retained Profit	-9,737	820,741	1,368,028	-164,395	-459,969	632,781	369,158	940,921	-413,315	1,893,708	904,610	1,394,382	1,048,073	1,423,645
Employee Costs	518,647	481,929	613,313	455,273	816,271	666,774	468,678	354,032	47,949	54,403	38,380	24,160	26,917	25,608
Number Of Employees	9	9	10	11	10	10	10	10	2	3	2	2	2	2
EBITDA*	589,430	1,268,483	866,025	1,987,343	1,921,624	1,210,453	1,242,825	2,216,331	1,186,778	3,498,967	3,560,276	3,980,152	3,789,009	3,066,731

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	1,689,632	1,691,029	1,737,054	4,371,609	5,058,133	3,335,368	2,987,843	6,710	4,120,171	579,324	1,001,823	1,431,490	831,014	1,075,626
Intangible Assets	0	0	0	0	0	181	0	112,977	280,247	380,676	506,551	571,910	0	0
Investments & Other	11,267,449	5,928,456	6,269,779	5,695,572	6,397,168	6,397,168	5,705,937	5,667,688	1	0	0	0	0	0
Debtors (Due After 1 year)	38,526	43,360	63,644	63,056	69,713	93,419	117,136	157,390	115,803	0	0	0	0	0
Total Fixed Assets	12,995,607	7,662,846	8,070,477	10,130,238	11,525,015	9,826,136	8,810,917	5,944,766	4,516,221	960,000	1,508,375	2,003,401	831,014	1,075,626
Stock & work in progress	4,529,156	2,392,941	5,272,231	10,674,316	22,283,913	30,257,104	19,005,304	8,572,978	1,306,698	1,076,057	6,754,019	6,229,201	11,062,037	2,250,337
Trade Debtors	6,289,040	3,309,152	4,631,044	6,366,737	32,889,645	48,860,094	16,988,154	36,512,899	17,531,962	10,695,001	32,452,393	15,312,680	7,472,174	19,308,422
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	12,301,971	11,437,659	11,055,357	10,693,868	27,267,022	26,658,323	8,722,584	10,816,189	9,042,233	18,730,125	8,646,375	7,916,540	27,524,852	7,772,342
Cash	563,013	2,627,348	2,252,281	3,719,538	7,835,377	5,357,588	3,352,513	4,483,817	6,429,396	17,491,165	12,238,685	16,253,641	20,214,558	16,076,485
misc current assets	2,284,428	1,347,928	1,282,913	771,185	804,182	157,968	1,870,808	127,673	135,310	116,964	114,167	101,761	131,295	120,862
total current assets	25,967,610	21,115,028	24,493,827	32,225,644	91,080,139	111,291,078	49,939,364	60,513,557	34,445,600	48,109,312	60,205,639	45,813,825	66,404,917	45,528,448
total assets	38,963,218	28,777,874	32,564,304	42,355,882	102,605,154	121,117,214	58,750,281	66,458,323	38,961,822	49,069,312	61,714,014	47,817,225	67,235,931	46,604,074
Bank overdraft	0	0	3,008,155	13,834,510	59,721,378	46,203,695	23,724,469	31,367,659	658,950	9,136,564	16,497,467	16,950,146	42,853,414	21,103,997
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	11,257,108	5,686,626	9,572,389	8,655,886	17,574,178	42,773,042	10,410,530	13,570,273	18,966,618	25,173,457	33,577,956	20,108,507	14,770,938	17,580,383
Group/Directors Accounts	11,049	226	7,750	2,686,435	6,249,798	6,153,274	7,388,540	5,752,710	3,606	10,843	10,082	2,593	0	771
other short term finances	0	0	0	0	0	0	0	0	3,003,759	673	0	647	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	9,612,573	4,952,673	1,699,024	708,186	897,847	7,567,486	1,356,909	367,451	1,004,109	1,143,604	201,198	1,376,058	848,561	1,393,565
total current liabilities	20,886,406	10,639,527	14,287,318	25,886,880	84,443,229	102,703,922	42,891,003	51,065,893	23,637,042	35,465,141	50,286,703	38,437,952	58,472,914	40,078,716
loans	0	0	0	22,225	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	26,913	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
total long term liabilities	0	0	26,914	22,225	0	0	0	0	0	0	0	0	0	0
total liabilities	20,886,406	10,639,527	14,314,232	25,909,105	84,443,229	102,703,922	42,891,003	51,065,893	23,637,042	35,465,141	50,286,703	38,437,952	58,472,914	40,078,716
net assets	18,076,812	18,138,347	18,250,073	16,446,776	18,161,926	18,413,292	15,859,277	15,392,430	15,324,779	13,604,171	11,427,311	9,379,273	8,763,017	6,525,358
total shareholders funds	18,076,812	18,138,347	18,250,072	16,446,776	18,161,926	18,413,292	15,859,277	15,392,430	15,324,779	13,604,171	11,427,311	9,379,273	8,763,017	6,525,358

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	588,033	1,268,068	834,668	1,852,184	1,914,904	1,201,224	1,120,067	2,098,137	571,215	3,039,473	2,952,935	3,365,926	3,318,983	2,679,685
Depreciation	1,398	415	31,356	135,159	6,720	9,229	9,019	5,217	455,422	459,494	607,341	614,226	470,026	387,046
Amortisation	0	0	0	0	0	0	113,739	112,977	160,140	0	0	0	0	0
Tax	-304,483	-120,967	-126,506	-372,605	6,302	-205,654	-240,824	-226,193	-297,000	-619,702	-431,065	-524,520	-688,694	-672,764
Stock	2,136,215	-2,879,290	-5,402,084	-11,609,597	-7,973,191	11,251,800	10,432,326	7,266,280	230,641	-5,677,962	524,818	-4,832,836	8,811,700	2,250,337
Debtors	3,839,368	-959,875	-1,373,616	-43,102,719	-15,385,456	49,783,961	-21,658,603	20,796,480	-2,735,128	-11,673,642	17,869,548	-11,767,806	7,916,262	27,080,764
Creditors	5,570,481	-3,885,762	916,502	-8,918,291	-25,198,864	32,362,512	-3,159,743	-5,396,344	-6,206,839	-8,404,499	13,469,449	5,337,570	-2,809,445	17,580,383
Accruals and Deferred Income	4,659,900	3,253,649	990,838	-189,661	-6,669,639	6,210,577	989,458	-636,658	-139,495	942,406	-1,174,860	527,497	-545,004	1,393,565
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	4,539,746	4,354,568	9,422,558	47,219,102	-6,581,930	-21,457,873	10,057,993	-32,105,624	-2,952,070	12,768,776	-2,970,566	25,921,341	-16,982,096	-7,963,186
Investing Activities
capital expenditure	0	0	0	0	-2,375,398	5,019	-2,990,106	-1,994,077	-3,905,397	-12,171	-3,160	-1,890,504	-146,222	-397,798
Change in Investments	5,338,993	-341,323	574,207	-701,596	0	691,230	38,249	5,667,687	1	0	0	0	0	0
cash flow from investments	-5,338,993	341,323	-574,207	701,596	-2,375,398	-686,211	-3,028,355	-7,661,764	-3,905,398	-12,171	-3,160	-1,890,504	-146,222	-397,798
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	11,049	0	-2,686,435	-3,563,363	96,524	-1,235,266	1,635,830	5,752,710	0	761	7,488	2,593	-771	771
Other Short Term Loans	0	0	0	0	0	0	0	-3,003,759	3,003,086	673	-647	647	0	0
Long term loans	0	0	-22,225	22,225	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
other long term liabilities	0	-26,913	26,913	0	0	0	0	0	0	0	0	0	0	0
share issue	-51,798	-932,466	435,268	-1,550,754	208,603	1,921,233	97,690	-873,271	2,133,924	283,152	1,143,428	-778,126	1,189,586	5,101,713
interest	-12,994	-14,792	-178,236	-1,371,495	-1,888,104	-95,830	-218,553	-641,445	-260,714	-289,395	-1,105,049	-1,206,220	-946,109	-333,276
cash flow from financing	-53,743	-974,171	-2,424,715	-6,463,387	-1,582,977	590,137	1,514,967	1,234,235	4,876,296	-4,809	45,220	-1,981,106	242,706	4,769,208
cash and cash equivalents
cash	-2,064,335	375,067	-1,467,257	-4,115,839	2,477,789	2,005,075	-1,131,304	-1,945,579	-11,061,769	5,252,480	-4,014,956	-3,960,917	4,138,073	16,076,485
overdraft	0	-3,008,155	-10,826,355	-45,886,868	13,517,683	22,479,226	-7,643,190	30,708,709	-8,477,614	-7,360,903	-452,679	-25,903,268	21,749,417	21,103,997
change in cash	-2,064,335	3,383,222	9,359,098	41,771,029	-11,039,894	-20,474,151	6,511,886	-32,654,288	-2,584,155	12,613,383	-3,562,277	21,942,351	-17,611,344	-5,027,512

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERTEX UK LIMITED group structure

Mertex Uk Limited has no subsidiary companies.

Ultimate parent company

MERTEX UK LIMITED

03071772

MERTEX UK LIMITED Shareholders

jaswinder singh kohli

100%

Mertex Uk Limited currently has 1 director, Mr Jaswinder Kohli serving since Jul 1995.

officer	country	age	start	end	role
Mr Jaswinder Kohli	England	56 years	Jul 1995	-	Director

P&L

June 2023

turnover

12.7m

-19%

operating profit

588k

-54%

gross margin

15.7%

+14.45%

turnover

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

Balance Sheet

June 2023

net assets

18.1m

total assets

39m

+0.35%

cash

563k

-0.79%

net assets

Total assets minus all liabilities

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company number

03071772

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

June 1995

ultimate parent company

None

previous names

N/A

address

highdown house 11 highdown road, leamington spa, warwickshire, CV31 1XT

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 15 charges/mortgages relating to mertex uk limited. Currently there are 2 open charges and 13 have been satisfied in the past.

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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mertex uk limited Company Information

mertex uk limited Estimated Valuation

mertex uk limited Estimated Valuation

mertex uk limited Estimated Valuation

Mertex Uk Limited Overview

Mertex Uk Limited Health Check

MERTEX UK LIMITED financials

mertex uk limited Credit Report and Business Information

Mertex Uk Limited Competitor Analysis

mertex uk limited Ownership

mertex uk limited directors

mertex uk limited company details

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mertex uk limited Capital Raised & Share Issues BETA

mertex uk limited Companies House Filings - See Documents