Merlin Equipment Limited

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merlin equipment limited Company Information

Live

MatureSmallDeclining

Company Number

03995246

Website

www.merlinequipment.com

Registered Address

clyst court, hill barton business park, exeter, devon, EX5 1SA

Industry

Non-specialised wholesale trade

Telephone

01202697979

Next Accounts Due

September 2024

Group Structure

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Directors

James Hortop19 Years

Shareholders

tnc capital limited 100%

merlin equipment limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of MERLIN EQUIPMENT LIMITED at £1.3m based on Net Assets of £863.3k and 1.52x industry multiple (adjusted for liquidity).

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Merlin Equipment Limited is a live company located in exeter, EX5 1SA with a Companies House number of 03995246. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in May 2000, it's largest shareholder is tnc capital limited with a 100% stake. Merlin Equipment Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Merlin Equipment Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£14.6m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.3%)

EXPORT

Merlin Equipment Limited's latest turnover from December 2022 is estimated at £2.6 million and the company has net assets of £863.3 thousand. According to their latest financial statements, Merlin Equipment Limited has 11 employees and maintains cash reserves of £236.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	2,649,967	2,489,346	2,985,099	2,817,000	3,671,921	4,110,605	4,462,934	5,295,531	3,877,759	3,837,286	4,146,894	2,994,375	3,049,342
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,907,424	1,800,386	2,165,832	2,054,366	2,685,310	2,983,163	3,194,357	3,824,684	2,807,327	2,763,609	2,988,931	2,151,218	2,180,838
Gross Profit	742,543	688,960	819,267	762,634	986,611	1,127,442	1,268,576	1,470,847	1,070,432	1,073,677	1,157,963	843,157	868,504
Admin Expenses	496,233	1,068,421	604,728	611,114	944,449	1,304,292	1,065,511	1,372,444	953,016	1,205,664	1,097,824	784,543	726,732
Operating Profit	246,310	-379,461	214,539	151,520	42,162	-176,850	203,065	98,403	117,416	-131,987	60,139	58,614	141,772
Interest Payable	46,379	20,423	25,205	29,949	36,328	25,128	3,971	0	0	0	0	0	0
Interest Receivable	5,324	294	89	280	164	30	180	292	475	602	298	10	10
Pre-Tax Profit	205,256	-399,590	189,422	121,851	5,999	-201,947	199,275	98,695	117,891	-131,385	60,437	58,624	141,782
Tax	-38,999	0	-35,990	-23,152	-1,140	0	-39,855	-19,739	-24,757	0	-14,505	-15,242	-39,699
Profit After Tax	166,257	-399,590	153,432	98,699	4,859	-201,947	159,420	78,956	93,134	-131,385	45,932	43,382	102,083
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	166,257	-399,590	153,432	98,699	4,859	-201,947	159,420	78,956	93,134	-131,385	45,932	43,382	102,083
Employee Costs	462,970	401,073	479,450	442,382	680,269	732,240	680,271	599,429	463,590	457,858	485,602	348,875	402,451
Number Of Employees	11	10	13	12	19	21	20	18	14	14	15	11	13
EBITDA*	275,372	-305,963	249,092	209,235	106,267	-176,850	246,731	140,138	142,768	-107,116	108,851	102,569	187,193

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 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	144,498	84,045	44,918	38,682	69,749	99,830	133,177	123,506	124,074	83,205	84,764	37,283	32,131
Intangible Assets	22,105	44,189	79,522	106,012	132,512	159,008	185,504	185,504	185,504	185,504	185,504	212,000	239,000
Investments & Other	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
Total Fixed Assets	166,603	128,234	124,440	144,694	202,261	258,838	318,681	309,010	309,578	268,709	270,268	249,283	271,131
Stock & work in progress	877,115	756,352	846,131	1,066,961	999,442	979,796	692,414	954,814	749,168	568,601	405,536	433,061	388,246
Trade Debtors	360,047	204,599	428,241	312,642	298,785	456,272	681,182	792,743	567,160	645,663	897,687	433,361	460,068
Group Debtors	413,038	463,003	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	193,647	141,623	280,551	260,705	384,348	514,275	411,815	0	0	0	0	0	0
Cash	236,702	67,527	167,931	9,284	65,417	307	23,816	48,266	68,463	121,462	119,224	83	4,016
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,080,549	1,633,104	1,722,854	1,649,592	1,747,992	1,950,650	1,809,227	1,795,823	1,384,791	1,335,726	1,422,447	866,505	852,330
total assets	2,247,152	1,761,338	1,847,294	1,794,286	1,950,253	2,209,488	2,127,908	2,104,833	1,694,369	1,604,435	1,692,715	1,115,788	1,123,461
Bank overdraft	625,241	176,155	224,887	359,019	293,367	489,410	122,171	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	198,890	402,677	248,620	267,463	572,257	630,927	756,586	1,165,522	834,012	780,630	695,159	765,388	753,392
Group/Directors Accounts	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
hp & lease commitments	18,331	13,761	10,418	0	0	0	20,242	0	0	0	0	0	0
other current liabilities	382,336	310,326	108,250	125,069	92,022	46,696	187,367	0	0	0	0	0	0
total current liabilities	1,224,798	902,919	592,175	751,551	957,646	1,167,033	1,086,366	1,165,522	834,012	780,630	695,159	765,388	753,392
loans	72,500	102,500	150,000	92,500	142,500	192,500	0	0	0	0	0	0	0
hp & lease commitments	77,759	41,263	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
other liabilities	0	4,078	0	0	0	0	0	57,189	57,191	113,773	156,139	204,915	267,966
provisions	8,843	13,583	8,534	7,082	5,653	10,360	0	0	0	0	0	0	0
total long term liabilities	159,102	161,424	158,534	99,582	148,153	202,860	0	57,189	57,191	113,773	156,139	204,915	267,966
total liabilities	1,383,900	1,064,343	750,709	851,133	1,105,799	1,369,893	1,086,366	1,222,711	891,203	894,403	851,298	970,303	1,021,358
net assets	863,252	696,995	1,096,585	943,153	844,454	839,595	1,041,542	882,122	803,166	710,032	841,417	145,485	102,103
total shareholders funds	863,252	696,995	1,096,585	943,153	844,454	839,595	1,041,542	882,122	803,166	710,032	841,417	145,485	102,103

	Dec 2022	Dec 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	246,310	-379,461	214,539	151,520	42,162	-176,850	203,065	98,403	117,416	-131,987	60,139	58,614	141,772
Depreciation	6,978	38,165	8,063	31,215	37,609	0	43,666	41,735	25,352	24,871	22,216	16,955	19,421
Amortisation	22,084	35,333	26,490	26,500	26,496	0	0	0	0	0	26,496	27,000	26,000
Tax	-38,999	0	-35,990	-23,152	-1,140	0	-39,855	-19,739	-24,757	0	-14,505	-15,242	-39,699
Stock	120,763	-89,779	-220,830	67,519	19,646	287,382	-262,400	205,646	180,567	163,065	-27,525	44,815	388,246
Debtors	157,507	100,433	135,445	-109,786	-287,414	-122,450	300,254	225,583	-78,503	-252,024	464,326	-26,707	460,068
Creditors	-203,787	154,057	-18,843	-304,794	-58,670	-125,659	-408,936	331,510	53,382	85,471	-70,229	11,996	753,392
Accruals and Deferred Income	72,010	202,076	-16,819	33,047	45,326	-140,671	187,367	0	0	0	0	0	0
Deferred Taxes & Provisions	-4,740	5,049	1,452	1,429	-4,707	10,360	0	0	0	0	0	0	0
Cash flow from operations	-178,414	44,565	264,277	-41,968	354,844	-597,752	-52,547	20,680	69,329	67,314	-412,684	81,215	52,572
Investing Activities
capital expenditure	-67,431	-77,292	-14,299	-148	-7,528	59,843	-53,337	-41,167	-66,221	-23,312	-69,697	-22,107	-316,552
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-67,431	-77,292	-14,299	-148	-7,528	59,843	-53,337	-41,167	-66,221	-23,312	-69,697	-22,107	-316,552
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-30,000	-47,500	57,500	-50,000	-50,000	192,500	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	41,066	44,606	10,418	0	0	-20,242	20,242	0	0	0	0	0	0
other long term liabilities	-4,078	4,078	0	0	0	0	-57,189	-2	-56,582	-42,366	-48,776	-63,051	267,966
share issue	0	0	0	0	0	0	0	0	0	0	650,000	0	20
interest	-41,055	-20,129	-25,116	-29,669	-36,164	-25,098	-3,791	292	475	602	298	10	10
cash flow from financing	-34,067	-18,945	42,802	-79,669	-86,164	147,160	-40,738	290	-56,107	-41,764	601,522	-63,041	267,996
cash and cash equivalents
cash	169,175	-100,404	158,647	-56,133	65,110	-23,509	-24,450	-20,197	-52,999	2,238	119,141	-3,933	4,016
overdraft	449,086	-48,732	-134,132	65,652	-196,043	367,239	122,171	0	0	0	0	0	0
change in cash	-279,911	-51,672	292,779	-121,785	261,153	-390,748	-146,621	-20,197	-52,999	2,238	119,141	-3,933	4,016

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERLIN EQUIPMENT LIMITED group structure

Merlin Equipment Limited has no subsidiary companies.

Ultimate parent company

MERLIN EQUIPMENT LIMITED

03995246

MERLIN EQUIPMENT LIMITED Shareholders

tnc capital limited

100%

Merlin Equipment Limited currently has 1 director, Mr James Hortop serving since Jun 2004.

officer	country	age	start	end	role
Mr James Hortop		49 years	Jun 2004	-	Director

P&L

December 2022

turnover

2.6m

+6%

operating profit

246.3k

gross margin

28.1%

+1.24%

turnover

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

Balance Sheet

December 2022

net assets

863.3k

+0.24%

total assets

2.2m

+0.28%

cash

236.7k

+2.51%

net assets

Total assets minus all liabilities

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company number

03995246

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

May 2000

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

clyst court, hill barton business park, exeter, devon, EX5 1SA

last accounts submitted

December 2022

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 8 charges/mortgages relating to merlin equipment limited. Currently there are 2 open charges and 6 have been satisfied in the past.

merlin equipment limited Company Information

merlin equipment limited Estimated Valuation

merlin equipment limited Estimated Valuation

merlin equipment limited Estimated Valuation

Merlin Equipment Limited Overview

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MERLIN EQUIPMENT LIMITED financials

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