Pomanda estimates the enterprise value of MERLIN PCB GROUP LTD at £9.5m based on a Turnover of £12.4m and 0.77x industry multiple (adjusted for size and gross margin).
merlin pcb group ltdEstimated Valuation
£9.9m
Pomanda estimates the enterprise value of MERLIN PCB GROUP LTD at £9.9m based on an EBITDA of £1.6m and a 6.1x industry multiple (adjusted for size and gross margin).
merlin pcb group ltdEstimated Valuation
£31.2m
Pomanda estimates the enterprise value of MERLIN PCB GROUP LTD at £31.2m based on Net Assets of £14.8m and 2.11x industry multiple (adjusted for liquidity).
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Merlin Pcb Group LtdOverview
Merlin Pcb Group Ltd is a live company located in essex, SS6 7BS with a Companies House number of 03734701. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 1999, it's largest shareholder is
neil jonathon martin
with a 65% stake. Merlin Pcb Group Ltd is a mature,
mid sized company, Pomanda has estimated its turnover at
£12.4m with
declining
growth in recent years.
Pomanda's financial health check has awarded Merlin Pcb Group Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
2 Regular
5 Weak
Size
annual sales of £12.4m, make it smaller than the average company (£20.1m)
£12.4m - Merlin Pcb Group Ltd
£20.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (9%)
-12% - Merlin Pcb Group Ltd
9% - Industry AVG
Production
with a gross margin of 44.9%, this company has a lower cost of product (33.2%)
44.9% - Merlin Pcb Group Ltd
33.2% - Industry AVG
Profitability
an operating margin of 8.5% make it more profitable than the average company (5.8%)
8.5% - Merlin Pcb Group Ltd
5.8% - Industry AVG
Employees
with 131 employees, this is similar to the industry average (114)
131 - Merlin Pcb Group Ltd
114 - Industry AVG
Pay Structure
on an average salary of £34.3k, the company has a lower pay structure (£48.7k)
£34.3k - Merlin Pcb Group Ltd
£48.7k - Industry AVG
Efficiency
resulting in sales per employee of £94.5k, this is less efficient (£196k)
£94.5k - Merlin Pcb Group Ltd
£196k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is later than average (44 days)
73 days - Merlin Pcb Group Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is close to average (42 days)
45 days - Merlin Pcb Group Ltd
42 days - Industry AVG
Stock Days
it holds stock equivalent to 73 days, this is more than average (46 days)
73 days - Merlin Pcb Group Ltd
46 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 40 weeks, this is more cash available to meet short term requirements (16 weeks)
40 weeks - Merlin Pcb Group Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.4%, this is a lower level of debt than the average (54.8%)
11.4% - Merlin Pcb Group Ltd
54.8% - Industry AVG
MERLIN PCB GROUP LTD financials
EXPORT
Merlin Pcb Group Ltd's latest turnover from March 2024 is £12.4 million and the company has net assets of £14.8 million. According to their latest financial statements, Merlin Pcb Group Ltd has 131 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
12,377,981
10,002,708
18,617,672
18,362,279
18,736,482
20,001,265
20,087,268
19,535,595
18,370,460
17,755,231
17,073,882
17,415,572
19,839,225
1,780,931
633,073
Other Income Or Grants
Cost Of Sales
6,817,396
5,804,556
12,705,642
12,686,996
12,344,937
13,854,146
14,066,927
14,148,101
13,505,151
13,211,277
12,224,272
12,511,011
14,615,128
1,236,233
438,229
Gross Profit
5,560,585
4,198,152
5,912,030
5,675,283
6,391,545
6,147,119
6,020,341
5,387,494
4,865,309
4,543,954
4,849,610
4,904,561
5,224,097
544,698
194,845
Admin Expenses
4,508,640
3,892,996
4,530,920
4,219,191
4,957,354
5,061,995
4,562,620
4,803,804
4,194,331
4,259,064
4,602,428
4,825,253
4,723,750
550,206
-17,644
Operating Profit
1,051,945
305,156
1,381,110
1,456,092
1,434,191
1,085,124
1,457,721
583,690
670,978
284,890
247,182
79,308
500,347
-5,508
212,489
Interest Payable
2,151
17,004
25,774
37,253
44,291
38,383
25,726
28,464
33,914
30,959
40,654
49,166
66,141
Interest Receivable
64,314
39,248
70
502
11
Pre-Tax Profit
1,114,108
4,749,449
1,355,336
1,210,834
1,315,491
1,046,740
1,431,995
555,226
637,064
253,931
206,528
30,142
434,276
-5,006
212,500
Tax
-62,978
269,778
233,371
-258,144
-98,344
-35,605
-6,233
-1,074
-37,510
-139,047
-59,500
Profit After Tax
1,051,130
5,019,227
1,588,707
952,690
1,217,147
1,011,135
1,425,762
555,226
637,064
253,931
205,454
-7,368
295,229
-5,006
153,000
Dividends Paid
50,000
50,000
50,000
Retained Profit
1,051,130
5,019,227
1,538,707
902,690
1,167,147
988,231
1,411,646
543,638
627,559
251,151
199,029
-9,727
294,905
-5,006
153,000
Employee Costs
4,494,661
3,966,917
4,684,323
4,754,501
5,092,013
5,257,848
4,862,412
5,224,931
5,204,284
5,076,806
5,199,689
5,090,264
5,253,820
434,949
166,904
Number Of Employees
131
126
150
159
162
171
167
168
163
116
113
116
135
13
5
EBITDA*
1,616,048
845,741
1,915,317
2,014,459
1,994,396
1,590,315
1,928,413
910,281
1,041,491
634,374
665,296
580,493
960,024
-4,212
213,404
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
4,639,036
4,638,900
4,572,728
4,463,983
4,384,293
4,116,857
3,671,610
3,682,781
3,803,378
2,720,194
2,649,371
1,489,162
1,469,776
3,887
379,258
Intangible Assets
122,856
141,815
160,775
179,734
198,694
145,920
141,880
155,229
155,229
155,229
155,229
157,591
162,592
Investments & Other
115,000
95,000
75,000
75,000
75,000
75,000
75,000
374,176
Debtors (Due After 1 year)
27,926
Total Fixed Assets
4,761,892
4,780,715
4,761,429
4,643,717
4,582,987
4,262,777
3,928,490
3,933,010
4,033,607
2,950,423
2,879,600
1,721,753
1,707,368
378,063
379,258
Stock & work in progress
1,378,067
1,099,767
2,908,390
2,394,286
2,994,061
2,240,507
2,304,185
2,383,528
1,746,103
1,366,453
910,817
595,150
642,627
Trade Debtors
2,495,778
1,816,347
4,138,903
4,180,284
3,607,401
4,334,418
4,569,902
4,428,432
4,054,610
3,651,136
3,746,334
3,812,263
4,061,264
134,685
14,535
Group Debtors
80,000
100,000
255,000
296,598
Misc Debtors
6,482,176
4,474,918
1,123,390
532,665
596,910
481,226
238,532
126,898
438,948
125,491
158,418
555,983
196,431
Cash
1,021,513
1,572,152
1,505,118
1,844,531
388,777
129,692
230,558
158,163
50,029
133,532
218,326
129,181
424,576
196,235
4,590
misc current assets
600,000
1,984,104
total current assets
11,977,534
10,947,288
9,675,801
8,951,766
7,587,149
7,265,843
7,443,177
7,352,021
6,586,288
5,276,612
5,033,895
5,092,577
5,324,898
330,920
19,125
total assets
16,739,426
15,728,003
14,437,230
13,595,483
12,170,136
11,528,620
11,371,667
11,285,031
10,619,895
8,227,035
7,913,495
6,814,330
7,032,266
708,983
398,383
Bank overdraft
233
244,073
252,942
169,378
218,248
Bank loan
5,383
15,740
185,245
125,534
8,856
8,391
7,903
50,322
178,859
Trade Creditors
854,941
930,175
1,521,882
1,432,535
1,828,034
1,674,136
2,059,546
2,876,716
1,950,684
2,198,338
2,095,436
2,065,852
2,192,576
560,797
245,283
Group/Directors Accounts
20,120
195,120
414,527
other short term finances
hp & lease commitments
2,207
127,290
359,705
342,233
350,320
322,501
173,173
164,922
192,903
207,388
160,855
220,906
192,238
other current liabilities
451,306
341,382
1,248,737
1,201,461
1,261,907
1,955,040
3,012,710
3,177,169
3,411,707
2,652,755
2,648,802
2,907,822
3,024,230
total current liabilities
1,314,070
1,414,587
3,315,569
3,101,763
3,449,117
3,960,068
5,273,452
6,464,249
6,148,680
5,302,554
5,158,035
5,363,958
5,627,292
560,797
245,283
loans
265,872
909,365
34,887
43,754
52,219
60,293
hp & lease commitments
2,168
193,204
422,568
676,047
624,273
265,060
230,532
302,488
272,137
205,230
320,128
267,332
Accruals and Deferred Income
other liabilities
36,250
45,250
54,250
provisions
595,550
532,572
763,136
764,795
506,783
total long term liabilities
595,550
534,740
1,222,212
2,132,978
1,262,967
1,130,717
317,279
290,825
302,488
272,137
205,230
320,128
267,332
total liabilities
1,909,620
1,949,327
4,537,781
5,234,741
4,712,084
5,090,785
5,590,731
6,755,074
6,451,168
5,574,691
5,363,265
5,684,086
5,894,624
560,797
245,283
net assets
14,829,806
13,778,676
9,899,449
8,360,742
7,458,052
6,290,905
5,707,160
4,470,297
4,120,655
2,613,777
2,514,443
1,100,882
1,110,609
148,186
153,100
total shareholders funds
14,829,806
13,778,676
9,899,449
8,360,742
7,458,052
6,290,905
5,707,160
4,470,297
4,120,655
2,613,777
2,514,443
1,100,882
1,110,609
148,186
153,100
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
1,051,945
305,156
1,381,110
1,456,092
1,434,191
1,085,124
1,457,721
583,690
670,978
284,890
247,182
79,308
500,347
-5,508
212,489
Depreciation
545,144
521,625
515,248
539,407
541,245
490,600
457,343
326,591
370,513
349,484
415,752
496,184
454,676
1,296
915
Amortisation
18,959
18,960
18,959
18,960
18,960
14,591
13,349
2,362
5,001
5,001
Tax
-62,978
269,778
233,371
-258,144
-98,344
-35,605
-6,233
-1,074
-37,510
-139,047
-59,500
Stock
278,300
-1,808,623
514,104
-599,775
753,554
-63,678
-79,343
637,425
379,650
455,636
315,667
-47,477
642,627
Debtors
2,686,689
1,001,046
577,270
508,638
-691,333
-12,790
98,104
20,174
1,013,529
-128,125
-463,494
110,551
4,123,010
120,150
14,535
Creditors
-75,234
-591,707
89,347
-395,499
153,898
-385,410
-817,170
926,032
-247,654
102,902
29,584
-126,724
1,631,779
315,514
245,283
Accruals and Deferred Income
109,924
-907,355
47,276
-60,446
-693,133
-1,057,670
-164,459
-234,538
758,952
3,953
-259,020
-116,408
3,024,230
Deferred Taxes & Provisions
62,978
-230,564
-1,659
258,012
506,783
Cash flow from operations
-1,314,251
193,470
1,192,278
1,649,519
1,801,379
188,098
921,790
944,176
159,610
413,718
582,613
236,777
711,349
191,152
384,652
Investing Activities
capital expenditure
-401,655
-212,006
-314,614
-442,697
-420,307
-1,575,961
-515,570
-2,088,158
374,075
-380,173
Change in Investments
-115,000
20,000
20,000
-299,176
374,176
cash flow from investments
-286,655
-232,006
-334,614
-442,697
-420,307
-1,575,961
-515,570
-1,788,982
-101
-380,173
Financing Activities
Bank loans
-10,357
-169,505
59,711
116,678
465
488
-42,419
-128,537
178,859
Group/Directors Accounts
-20,120
-175,000
-219,407
414,527
Other Short Term Loans
Long term loans
-265,872
-643,493
874,478
-8,867
-8,465
-8,074
60,293
Hire Purchase and Lease Commitments
-127,251
-423,451
-211,892
-261,566
79,593
508,541
42,779
-99,937
15,866
113,440
-174,949
81,464
459,570
other long term liabilities
-36,250
-9,000
-9,000
54,250
share issue
-1,140,000
-404,486
-174,783
-193,996
879,319
-151,817
1,214,532
667,518
92
100
interest
62,163
22,244
-25,774
-37,253
-44,291
-38,383
-25,726
-28,464
-33,914
-30,959
-40,654
-49,166
-66,071
502
11
cash flow from financing
-75,445
-1,976,584
-857,698
683,337
17,900
91,825
-383,223
-610,048
1,454,657
-69,336
998,929
32,298
1,061,017
594
111
cash and cash equivalents
cash
-550,639
67,034
-339,413
1,455,754
259,085
-100,866
72,395
108,134
-83,503
-84,794
89,145
-295,395
228,341
191,645
4,590
overdraft
233
-244,073
-8,869
83,564
-48,870
218,248
change in cash
-550,872
67,034
-339,413
1,455,754
259,085
-100,866
72,395
108,134
160,570
-75,925
5,581
-246,525
10,093
191,645
4,590
merlin pcb group ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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merlin pcb group ltd Capital Raised & Share Issues BETA
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merlin pcb group ltdCompanies House Filings - See Documents
