merit group plc
merit group plc Company Information
Company Number
04267888
Website
meritgroupplc.comRegistered Address
9th floor the shard, 32 london bridge street, london, SE1 9SG
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
02075935500
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
undisclosed 100%
merit group plc Estimated Valuation
Pomanda estimates the enterprise value of MERIT GROUP PLC at £40m based on a Turnover of £18.6m and 2.15x industry multiple (adjusted for size and gross margin).
merit group plc Estimated Valuation
Pomanda estimates the enterprise value of MERIT GROUP PLC at £0 based on an EBITDA of £-826k and a 8.16x industry multiple (adjusted for size and gross margin).
merit group plc Estimated Valuation
Pomanda estimates the enterprise value of MERIT GROUP PLC at £54.3m based on Net Assets of £31.8m and 1.71x industry multiple (adjusted for liquidity).
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Merit Group Plc Overview
Merit Group Plc is a live company located in london, SE1 9SG with a Companies House number of 04267888. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in August 2001, it's largest shareholder is undisclosed with a 100% stake. Merit Group Plc is a mature, mid sized company, Pomanda has estimated its turnover at £18.6m with declining growth in recent years.
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Merit Group Plc Health Check
Pomanda's financial health check has awarded Merit Group Plc a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £18.6m, make it in line with the average company (£18.5m)
£18.6m - Merit Group Plc
£18.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (7.4%)
-13% - Merit Group Plc
7.4% - Industry AVG
Production
with a gross margin of 46%, this company has a lower cost of product (35%)
46% - Merit Group Plc
35% - Industry AVG
Profitability
an operating margin of -19.7% make it less profitable than the average company (4.9%)
-19.7% - Merit Group Plc
4.9% - Industry AVG
Employees
with 977 employees, this is above the industry average (106)
977 - Merit Group Plc
106 - Industry AVG
Pay Structure
on an average salary of £12.3k, the company has a lower pay structure (£41.8k)
£12.3k - Merit Group Plc
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £19k, this is less efficient (£180.2k)
£19k - Merit Group Plc
£180.2k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (46 days)
70 days - Merit Group Plc
46 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (46 days)
17 days - Merit Group Plc
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Merit Group Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (15 weeks)
10 weeks - Merit Group Plc
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.9%, this is a lower level of debt than the average (69.2%)
29.9% - Merit Group Plc
69.2% - Industry AVG
merit group plc Credit Report and Business Information
Merit Group Plc Competitor Analysis
Perform a competitor analysis for merit group plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
merit group plc Ownership
MERIT GROUP PLC group structure
Merit Group Plc has 3 subsidiary companies.
Ultimate parent company
MERIT GROUP PLC
04267888
3 subsidiaries
merit group plc directors
Merit Group Plc currently has 6 directors. The longest serving directors include Ms Diane Lees (Sep 2016) and Ms Angela Entwistle (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Diane Lees | United Kingdom | 60 years | Sep 2016 | - | Director |
| Ms Angela Entwistle | United Kingdom | 62 years | Nov 2017 | - | Director |
| Mr Mark Smith | United Kingdom | 69 years | Nov 2017 | - | Director |
| Mr Cornelius Conlon | United Kingdom | 52 years | Jul 2020 | - | Director |
| Mr Philip MacHray | United Kingdom | 53 years | Nov 2021 | - | Director |
| Mr Timothy Briant | United Kingdom | 54 years | Feb 2024 | - | Director |
MERIT GROUP PLC financials
Merit Group Plc's latest turnover from March 2023 is £18.6 million and the company has net assets of £31.8 million. According to their latest financial statements, Merit Group Plc has 977 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 18,585,000 | 17,598,000 | 24,690,000 | 27,796,000 | 21,301,000 | 20,586,000 | 19,965,000 | 19,620,000 | 18,301,000 | 19,775,000 | 18,773,000 | 15,262,000 | 16,110,000 | 17,335,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 10,033,000 | 8,732,000 | 16,402,000 | 18,852,000 | 13,419,000 | 12,239,000 | 11,729,000 | 12,172,000 | 13,104,000 | 13,934,000 | 14,036,000 | 10,188,000 | 10,760,000 | 11,028,000 |
| Gross Profit | 8,552,000 | 8,866,000 | 8,288,000 | 8,944,000 | 7,882,000 | 8,347,000 | 8,236,000 | 7,448,000 | 5,197,000 | 5,841,000 | 4,737,000 | 5,074,000 | 5,350,000 | 6,307,000 |
| Admin Expenses | 12,212,000 | 10,276,000 | 10,788,000 | 9,806,000 | 13,658,000 | 7,048,000 | 6,309,000 | 6,305,000 | 10,111,000 | 7,293,000 | 15,304,000 | 6,087,000 | 5,628,000 | 5,740,000 |
| Operating Profit | -3,660,000 | -1,410,000 | -2,500,000 | -862,000 | -5,776,000 | 1,299,000 | 1,927,000 | 1,143,000 | -4,914,000 | -1,452,000 | -10,567,000 | -1,013,000 | -278,000 | 567,000 |
| Interest Payable | 631,000 | 595,000 | 685,000 | 560,000 | 0 | 0 | 0 | 0 | 8,000 | 12,000 | 74,000 | 27,000 | 448,000 | 569,000 |
| Interest Receivable | 382,000 | 184,000 | 16,000 | 5,000 | 12,000 | 2,000 | 19,000 | 26,000 | 32,000 | 11,000 | 16,000 | 0 | 8,000 | 14,000 |
| Pre-Tax Profit | -3,657,000 | -1,677,000 | -3,113,000 | -1,259,000 | -5,726,000 | 1,311,000 | 1,547,000 | 1,122,000 | -4,971,000 | -1,488,000 | -10,627,000 | -1,074,000 | -718,000 | 12,000 |
| Tax | 88,000 | -129,000 | 389,000 | 76,000 | 197,000 | -182,000 | 16,000 | -36,000 | 292,000 | 199,000 | 386,000 | 201,000 | 762,000 | -59,000 |
| Profit After Tax | -3,569,000 | -1,806,000 | -2,724,000 | -1,183,000 | -5,529,000 | 1,129,000 | 1,563,000 | 1,086,000 | -4,679,000 | -1,289,000 | -10,241,000 | -873,000 | 44,000 | -47,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -3,569,000 | -1,806,000 | -2,724,000 | -1,183,000 | -5,529,000 | 1,129,000 | 1,563,000 | 1,086,000 | -4,679,000 | -1,289,000 | -10,241,000 | -873,000 | 44,000 | -7,785,000 |
| Employee Costs | 11,991,000 | 12,336,000 | 15,706,000 | 14,616,000 | 9,804,000 | 8,817,000 | 8,694,000 | 8,493,000 | 9,231,000 | 9,611,000 | 10,855,000 | 7,933,000 | 8,402,000 | 8,498,000 |
| Number Of Employees | 977 | 970 | 1,158 | 929 | 198 | 202 | 196 | 210 | 268 | 280 | 253 | 195 | 192 | 187 |
| EBITDA* | -826,000 | 1,306,000 | 792,000 | 544,000 | -3,257,000 | 2,530,000 | 3,180,000 | 2,414,000 | -2,019,000 | 602,000 | -8,231,000 | 369,000 | 1,674,000 | 2,380,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,849,000 | 8,659,000 | 9,589,000 | 11,281,000 | 3,266,000 | 4,711,000 | 2,623,000 | 186,000 | 308,000 | 471,000 | 572,000 | 687,000 | 835,000 | 132,000 |
| Intangible Assets | 34,827,000 | 38,737,000 | 39,360,000 | 40,149,000 | 19,703,000 | 21,590,000 | 21,993,000 | 22,542,000 | 23,340,000 | 27,614,000 | 27,981,000 | 33,334,000 | 33,566,000 | 34,626,000 |
| Investments & Other | 634,000 | 1,192,000 | 717,000 | 661,000 | 503,000 | 1,684,000 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 560,000 | 0 | 700,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 37,676,000 | 47,396,000 | 48,949,000 | 51,430,000 | 22,969,000 | 26,301,000 | 24,616,000 | 22,728,000 | 23,648,000 | 28,085,000 | 28,553,000 | 34,021,000 | 34,401,000 | 34,758,000 |
| Stock & work in progress | 0 | 14,000 | 36,000 | 273,000 | 16,000 | 12,000 | 35,000 | 41,000 | 74,000 | 124,000 | 158,000 | 128,000 | 111,000 | 123,000 |
| Trade Debtors | 3,600,000 | 3,868,000 | 3,720,000 | 4,512,000 | 1,959,000 | 1,755,000 | 1,645,000 | 1,441,000 | 2,493,000 | 3,138,000 | 1,877,000 | 1,601,000 | 2,070,000 | 2,160,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,902,000 | 1,286,000 | 1,864,000 | 3,307,000 | 1,625,000 | 1,714,000 | 1,160,000 | 749,000 | 478,000 | 621,000 | 864,000 | 893,000 | 623,000 | 637,000 |
| Cash | 2,144,000 | 2,321,000 | 5,565,000 | 4,368,000 | 8,426,000 | 8,757,000 | 7,767,000 | 9,083,000 | 5,908,000 | 5,291,000 | 7,037,000 | 1,479,000 | 1,486,000 | 428,000 |
| misc current assets | 0 | 210,000 | 560,000 | 0 | 0 | 0 | 1,266,000 | 0 | 0 | 0 | 0 | 0 | 35,000 | 10,768,000 |
| total current assets | 7,646,000 | 8,109,000 | 11,745,000 | 12,460,000 | 12,026,000 | 12,238,000 | 11,873,000 | 11,314,000 | 8,953,000 | 9,174,000 | 9,936,000 | 4,101,000 | 4,325,000 | 14,116,000 |
| total assets | 45,322,000 | 55,505,000 | 60,694,000 | 63,890,000 | 34,995,000 | 38,539,000 | 36,489,000 | 34,042,000 | 32,601,000 | 37,259,000 | 38,489,000 | 38,122,000 | 38,726,000 | 48,874,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 94,000 | 125,000 | 2,130,000 |
| Bank loan | 3,373,000 | 2,860,000 | 2,253,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 490,000 | 396,000 | 2,663,000 | 12,285,000 | 1,129,000 | 2,014,000 | 1,441,000 | 683,000 | 902,000 | 508,000 | 904,000 | 1,216,000 | 987,000 | 605,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 1,046,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 678,000 | 1,679,000 | 1,467,000 | 1,515,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 6,234,000 | 9,407,000 | 11,038,000 | 54,000 | 10,360,000 | 7,217,000 | 7,017,000 | 6,791,000 | 6,296,000 | 6,321,000 | 5,018,000 | 3,661,000 | 3,497,000 | 5,142,000 |
| total current liabilities | 10,775,000 | 14,342,000 | 17,421,000 | 17,900,000 | 11,489,000 | 9,231,000 | 8,458,000 | 7,474,000 | 7,198,000 | 6,829,000 | 5,922,000 | 4,971,000 | 4,609,000 | 7,877,000 |
| loans | 5,088,000 | 13,120,000 | 17,694,000 | 17,492,000 | 0 | 0 | 0 | 0 | 0 | 0 | 564,000 | 690,000 | 188,000 | 9,760,000 |
| hp & lease commitments | 1,202,000 | 5,042,000 | 6,469,000 | 7,701,000 | 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 | 0 | 545,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 498,000 | 394,000 | 776,000 | 1,892,000 | 974,000 | 1,526,000 | 1,526,000 | 1,678,000 | 1,616,000 | 2,200,000 | 2,764,000 | 3,022,000 | 3,610,000 | 5,202,000 |
| total long term liabilities | 2,793,000 | 6,757,000 | 9,235,000 | 10,237,000 | 487,000 | 763,000 | 763,000 | 839,000 | 808,000 | 1,100,000 | 1,946,000 | 2,201,000 | 1,899,000 | 7,481,000 |
| total liabilities | 13,568,000 | 21,099,000 | 26,656,000 | 28,137,000 | 11,976,000 | 9,994,000 | 9,221,000 | 8,313,000 | 8,006,000 | 7,929,000 | 7,868,000 | 7,172,000 | 6,508,000 | 15,358,000 |
| net assets | 31,754,000 | 34,406,000 | 34,038,000 | 35,753,000 | 23,019,000 | 28,545,000 | 27,268,000 | 25,729,000 | 24,595,000 | 29,330,000 | 30,621,000 | 30,950,000 | 32,218,000 | 33,516,000 |
| total shareholders funds | 31,754,000 | 34,406,000 | 34,038,000 | 35,753,000 | 23,019,000 | 28,545,000 | 27,268,000 | 25,729,000 | 24,595,000 | 29,330,000 | 30,621,000 | 30,950,000 | 32,218,000 | 33,516,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -3,660,000 | -1,410,000 | -2,500,000 | -862,000 | -5,776,000 | 1,299,000 | 1,927,000 | 1,143,000 | -4,914,000 | -1,452,000 | -10,567,000 | -1,013,000 | -278,000 | 567,000 |
| Depreciation | 1,933,000 | 1,873,000 | 1,942,000 | 537,000 | 379,000 | 357,000 | 301,000 | 230,000 | 228,000 | 225,000 | 270,000 | 212,000 | 210,000 | 109,000 |
| Amortisation | 901,000 | 843,000 | 1,350,000 | 869,000 | 2,140,000 | 874,000 | 952,000 | 1,041,000 | 2,667,000 | 1,829,000 | 2,066,000 | 1,170,000 | 1,742,000 | 1,704,000 |
| Tax | 88,000 | -129,000 | 389,000 | 76,000 | 197,000 | -182,000 | 16,000 | -36,000 | 292,000 | 199,000 | 386,000 | 201,000 | 762,000 | -59,000 |
| Stock | -14,000 | -22,000 | -237,000 | 257,000 | 4,000 | -23,000 | -6,000 | -33,000 | -50,000 | -34,000 | 158,000 | 17,000 | -12,000 | 123,000 |
| Debtors | 348,000 | -430,000 | -2,795,000 | 4,795,000 | -585,000 | 1,364,000 | 615,000 | -781,000 | -788,000 | 1,018,000 | 2,741,000 | -199,000 | -104,000 | 2,797,000 |
| Creditors | 94,000 | -2,267,000 | -9,622,000 | 11,156,000 | -885,000 | 573,000 | 758,000 | -219,000 | 394,000 | -396,000 | 904,000 | 229,000 | 382,000 | 605,000 |
| Accruals and Deferred Income | -3,173,000 | -1,631,000 | 10,984,000 | -10,306,000 | 3,143,000 | 200,000 | 226,000 | 495,000 | -25,000 | 1,303,000 | 5,018,000 | 164,000 | -1,645,000 | 5,142,000 |
| Deferred Taxes & Provisions | 104,000 | -382,000 | -1,116,000 | 918,000 | -552,000 | 0 | -152,000 | 62,000 | -584,000 | -564,000 | 2,764,000 | -588,000 | -1,592,000 | 5,202,000 |
| Cash flow from operations | -4,047,000 | -2,651,000 | 4,459,000 | -2,664,000 | -773,000 | 1,780,000 | 3,419,000 | 3,530,000 | -1,104,000 | 160,000 | -2,058,000 | 557,000 | -303,000 | 10,350,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -558,000 | 475,000 | 56,000 | 158,000 | -1,181,000 | 1,484,000 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 513,000 | 607,000 | -747,000 | 3,000,000 | 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 |
| Other Short Term Loans | 0 | 0 | -1,046,000 | 1,046,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -8,032,000 | -4,574,000 | 202,000 | 17,492,000 | 0 | 0 | 0 | 0 | 0 | -564,000 | 564,000 | 502,000 | -9,572,000 | 9,760,000 |
| Hire Purchase and Lease Commitments | -4,841,000 | -1,215,000 | -1,280,000 | 9,216,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -545,000 | 545,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -249,000 | -411,000 | -669,000 | -555,000 | 12,000 | 2,000 | 19,000 | 26,000 | 24,000 | -1,000 | -58,000 | -27,000 | -440,000 | -555,000 |
| cash flow from financing | -11,692,000 | -3,419,000 | -3,076,000 | 44,661,000 | 15,000 | 150,000 | -5,000 | 74,000 | -32,000 | -567,000 | 41,368,000 | 80,000 | -11,354,000 | 50,506,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -177,000 | -3,244,000 | 1,197,000 | -4,058,000 | -331,000 | 990,000 | -1,316,000 | 3,175,000 | 617,000 | -1,746,000 | 7,037,000 | -7,000 | 1,058,000 | 428,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,000 | -2,005,000 | 2,130,000 |
| change in cash | -177,000 | -3,244,000 | 1,197,000 | -4,058,000 | -331,000 | 990,000 | -1,316,000 | 3,175,000 | 617,000 | -1,746,000 | 7,037,000 | 24,000 | 3,063,000 | -1,702,000 |
P&L
March 2023turnover
18.6m
+6%
operating profit
-3.7m
+160%
gross margin
46.1%
-8.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
31.8m
-0.08%
total assets
45.3m
-0.18%
cash
2.1m
-0.08%
net assets
Total assets minus all liabilities
merit group plc company details
company number
04267888
Type
Public limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
August 2001
age
23
accounts
Group
ultimate parent company
previous names
dods group plc (April 2021)
dods (group) plc (May 2016)
incorporated
UK
address
9th floor the shard, 32 london bridge street, london, SE1 9SG
last accounts submitted
March 2023
merit group plc Charges & Mortgages
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 7 charges/mortgages relating to merit group plc. Currently there are 2 open charges and 5 have been satisfied in the past.
merit group plc Companies House Filings - See Documents
| date | description | view/download |
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