Merit Holdings Limited

POWER SEARCH PRICING

SOLUTIONS

merit holdings limited Company Information

Live

MatureLargeRapid

Company Number

04499715

Website

www.merit-merrell.co.uk

Registered Address

8 silverton court, northumberland business park, cramlington, NE23 7RY

Industry

Specialised design activities

Other manufacturing n.e.c.

View All

Telephone

01912504330

Next Accounts Due

March 2025

Group Structure

View All

Directors

Tony Wells21 Years

Matthew McGrady14 Years

View All

Shareholders

merit group services limited 100%

merit holdings limited Estimated Valuation

£76m

Pomanda estimates the enterprise value of MERIT HOLDINGS LIMITED at £76m based on a Turnover of £94.3m and 0.81x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Merit Holdings Limited is a live company located in cramlington, NE23 7RY with a Companies House number of 04499715. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in July 2002, it's largest shareholder is merit group services limited with a 100% stake. Merit Holdings Limited is a mature, large sized company, Pomanda has estimated its turnover at £94.3m with rapid growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Merit Holdings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £94.3m, make it larger than the average company (£4.9m)

Growth

3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (5.6%)

EXPORT

Merit Holdings Limited's latest turnover from June 2023 is £94.3 million and the company has net assets of £16.1 million. According to their latest financial statements, Merit Holdings Limited has 2 employees and maintains cash reserves of £6.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Sep 2011	Sep 2010	Sep 2009
Turnover	94,343,636	63,738,874	41,839,791	37,143,734	34,032,992	47,355,912	34,104,865	27,953,971	42,574,581	31,640,178	38,445,465	32,387,989	26,978,565	28,270,450
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	77,465,839	52,659,993	35,793,736	30,566,040	28,239,664	39,650,140	28,059,375	23,786,264	38,746,509	27,583,595	33,173,846	27,792,805	22,180,710	24,651,472
Gross Profit	16,877,797	11,078,881	6,046,055	6,577,694	5,793,328	7,705,772	6,045,490	4,167,707	3,828,072	4,056,583	5,271,619	4,595,184	4,797,855	3,618,978
Admin Expenses	8,574,795	7,063,300	5,002,332	5,771,591	4,504,630	4,758,016	4,662,813	3,421,643	3,432,713	3,177,130	5,096,589	4,299,220	4,091,952	3,060,329
Operating Profit	8,303,002	4,015,581	1,043,723	806,103	1,288,698	2,947,756	1,382,677	746,064	395,359	879,453	175,030	295,964	705,903	558,649
Interest Payable	0	0	91	3,876	5,811	3,065	12,477	44,105	53,901	52,850	47,768	15,697	14,221	19,645
Interest Receivable	62,618	0	0	3	79	291	601	407	61	0	938	532	2,486	3,927
Pre-Tax Profit	8,365,620	4,015,581	1,043,632	802,230	1,282,966	2,944,982	1,370,801	702,366	341,519	826,603	128,200	280,799	694,168	542,931
Tax	-163,828	-278,258	215,707	32,464	-11,244	-290,569	-343,678	29,991	30,253	102,332	204,638	-160,291	-285,040	-149,558
Profit After Tax	8,201,792	3,737,323	1,259,339	834,694	1,271,722	2,654,413	1,027,123	732,357	371,772	928,935	332,838	120,508	409,128	393,373
Dividends Paid	3,000,000	0	0	1,300,000	1,500,000	265,000	205,260	110,000	51,805	0	0	0	0	0
Retained Profit	5,201,792	3,737,323	1,259,339	-465,306	-228,278	2,389,413	821,863	622,357	319,967	928,935	332,838	120,508	409,128	393,373
Employee Costs	384,856	1,236,766	1,472,219	2,306,835	1,638,103	5,164,819	6,488,074	5,257,459	6,338,887	5,347,756	7,320,968	5,554,551	5,599,072	7,048,037
Number Of Employees	2	3	2	11	11	86	114	108	133	98	90	101	106	140
EBITDA*	8,639,620	4,160,247	1,173,180	906,830	1,369,816	3,041,818	1,476,740	831,488	560,658	1,058,952	440,447	438,757	844,761	630,574

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	2,068,668	1,610,643	1,613,611	1,142,230	845,202	932,224	1,002,828	1,103,443	1,120,773	1,297,986	1,282,895	1,361,409	1,265,542	1,394,817
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	200	0	0	1,023	8,752	49,462	39,848	145,091	145,091
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,068,668	1,610,643	1,613,611	1,142,230	845,202	932,424	1,002,828	1,103,443	1,121,796	1,306,738	1,332,357	1,401,257	1,410,633	1,539,908
Stock & work in progress	5,696,896	2,655,668	4,491,746	3,023,815	1,061,798	4,008,130	3,197,939	1,263,286	300,000	0	0	1,478,948	144,100	5,000
Trade Debtors	20,216,092	14,715,718	14,617,229	12,115,657	14,916,935	8,758,671	9,629,770	9,058,222	10,268,683	12,737,787	8,991,693	10,081,440	5,898,579	4,638,125
Group Debtors	15,190,390	8,372,644	28,718	0	200	248,969	0	0	0	0	0	0	0	0
Misc Debtors	3,132,728	5,719,745	1,966,731	1,676,041	860,358	1,074,065	230,517	247,121	983,284	341,716	188,864	231,279	455,145	201,910
Cash	6,707,260	6,583,541	1,704,796	1,913,100	1,439,500	1,838,688	1,708,977	787,557	5,006,125	1,377,507	541,662	932,011	1,055,581	244,481
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	50,943,366	38,047,316	22,809,220	18,728,613	18,278,791	15,928,523	14,767,203	11,356,186	16,558,092	14,457,010	9,722,219	12,723,678	7,553,405	5,089,516
total assets	53,012,034	39,657,959	24,422,831	19,870,843	19,123,993	16,860,947	15,770,031	12,459,629	17,679,888	15,763,748	11,054,576	14,124,935	8,964,038	6,629,424
Bank overdraft	0	0	0	0	0	0	0	0	0	0	1,328,534	63,692	65,976	517,165
Bank loan	0	0	0	0	0	0	0	0	0	48,750	48,750	48,750	48,750	48,750
Trade Creditors	18,220,103	13,249,342	10,161,619	10,023,606	7,734,659	8,600,378	8,916,436	5,837,658	11,107,561	10,119,481	6,001,668	9,880,461	4,752,457	3,271,791
Group/Directors Accounts	0	2,437,279	3,656,094	2,428,203	1,755,695	223,435	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	18,340,574	12,877,658	3,461,506	1,550,899	3,300,198	1,475,415	2,444,740	3,022,521	3,624,634	2,711,127	1,330,740	1,781,024	1,672,485	984,413
total current liabilities	36,560,677	28,564,279	17,279,219	14,002,708	12,790,552	10,299,228	11,361,176	8,860,179	14,732,195	12,879,358	8,709,692	11,773,927	6,539,668	4,822,119
loans	0	0	0	0	0	0	0	0	0	207,188	255,938	329,063	377,813	427,062
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	0	0	0	0	0	0	0	0	0	0	0	0
provisions	384,768	228,883	16,138	0	0	0	12,064	29,400	0	20,109	29,980	56,161	201,528	53,416
total long term liabilities	384,768	228,883	16,138	0	0	0	12,064	29,400	0	227,297	285,918	385,224	579,341	480,478
total liabilities	36,945,445	28,793,162	17,295,357	14,002,708	12,790,552	10,299,228	11,373,240	8,889,579	14,732,195	13,106,655	8,995,610	12,159,151	7,119,009	5,302,597
net assets	16,066,589	10,864,797	7,127,474	5,868,135	6,333,441	6,561,719	4,396,791	3,570,050	2,947,693	2,657,093	2,058,966	1,965,784	1,845,029	1,326,827
total shareholders funds	16,066,589	10,864,797	7,127,474	5,868,135	6,333,441	6,561,719	4,396,791	3,570,050	2,947,693	2,657,093	2,058,966	1,965,784	1,845,029	1,326,827

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	8,303,002	4,015,581	1,043,723	806,103	1,288,698	2,947,756	1,382,677	746,064	395,359	879,453	175,030	295,964	705,903	558,649
Depreciation	336,618	144,666	129,457	100,727	81,118	94,062	94,063	85,424	165,299	179,499	265,417	142,793	138,858	71,925
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-163,828	-278,258	215,707	32,464	-11,244	-290,569	-343,678	29,991	30,253	102,332	204,638	-160,291	-285,040	-149,558
Stock	3,041,228	-1,836,078	1,467,931	1,962,017	-2,946,332	810,191	1,934,653	963,286	300,000	0	0	1,334,848	139,100	5,000
Debtors	9,731,103	12,195,429	2,820,980	-1,985,795	5,695,788	221,418	554,944	-1,946,624	-1,827,536	3,898,946	9,180,557	3,958,995	1,513,689	4,840,035
Creditors	4,970,761	3,087,723	138,013	2,288,947	-865,719	-316,058	3,078,778	-5,269,903	988,080	4,117,813	6,001,668	5,128,004	1,480,666	3,271,791
Accruals and Deferred Income	5,462,916	9,416,152	1,910,607	-1,749,299	1,824,783	-969,325	-577,781	-602,113	913,507	1,380,387	1,330,740	108,539	688,072	984,413
Deferred Taxes & Provisions	155,885	212,745	16,138	0	0	-12,064	-17,336	29,400	-20,109	-9,871	29,980	-145,367	148,112	53,416
Cash flow from operations	6,293,023	6,239,258	-835,266	1,502,720	-431,820	422,193	1,127,126	-3,997,799	3,999,925	2,750,667	-1,173,084	75,799	1,223,782	-54,399
Investing Activities
capital expenditure	-794,643	-141,698	-600,838	-397,755	5,904	-23,458	0	0	-46,650	-170,872	-267,872	-134,075	-11,150	-1,088,939
Change in Investments	0	0	0	0	-200	200	0	-1,023	-7,729	-40,710	49,462	-105,243	0	145,091
cash flow from investments	-794,643	-141,698	-600,838	-397,755	6,104	-23,658	0	1,023	-38,921	-130,162	-317,334	-28,832	-11,150	-1,234,030
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	-48,750	0	48,750	0	0	48,750
Group/Directors Accounts	-2,437,279	-1,218,815	1,227,891	672,508	1,532,260	223,435	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
Long term loans	0	0	0	0	0	0	0	0	-207,188	-48,750	255,938	-48,750	-49,249	427,062
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-224,485	4,878	0	-29,367	-330,808	1,726,128	247	109,074	933,454
interest	62,618	0	-91	-3,873	-5,732	-2,774	-11,876	-43,698	-53,840	-52,850	-46,830	-15,165	-11,735	-15,718
cash flow from financing	-2,374,661	-1,218,815	1,227,800	668,635	1,526,528	-3,824	-6,998	-43,698	-339,145	-432,408	1,983,986	-63,668	48,090	1,393,548
cash and cash equivalents
cash	123,719	4,878,745	-208,304	473,600	-399,188	129,711	921,420	-4,218,568	3,628,618	835,845	541,662	-123,570	811,100	244,481
overdraft	0	0	0	0	0	0	0	0	0	-1,328,534	1,328,534	-2,284	-451,189	517,165
change in cash	123,719	4,878,745	-208,304	473,600	-399,188	129,711	921,420	-4,218,568	3,628,618	2,164,379	-786,872	-121,286	1,262,289	-272,684

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for merit holdings limited. Get real-time insights into merit holdings limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for merit holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

MERIT HOLDINGS LIMITED group structure

Merit Holdings Limited has 15 subsidiary companies.

Ultimate parent company

MERIT GROUP SERVICES LIMITED

10618779

1 parent

MERIT HOLDINGS LIMITED

04499715

15 subsidiaries

MERIT MERRELL TECHNOLOGY LIMITED

04408755

MERIT ZERO CARBON LIMITED

12549292

MERIT HEALTH LIMITED

12557674

MERIT LIFE SCIENCES LIMITED

12550110

MERIT ENERGY LIMITED

12549194

MERIT DESIGN AND BUILD LIMITED

12550148

MERIT BIOPHARMA LIMITED

12549367

MERIT P-AIR LIMITED

12549296

MERIT LI-ION LIMITED

12549217

MERIT RESEARCH AND DEVELOPMENT LIMITED

12549338

MERIT PROCESS ENGINEERING LIMITED

02846918

MERIT CONTROLS LIMITED

12590250

MERIT RENEWABLES LIMITED

12549231

MERIT SEMICONDUCTOR LIMITED

12550103

MERIT AEROSPACE LIMITED

12550391

MERIT HOLDINGS LIMITED Shareholders

merit group services limited

100%

Merit Holdings Limited currently has 8 directors. The longest serving directors include Mr Tony Wells (Sep 2002) and Mr Matthew McGrady (Feb 2010).

officer	country	age	start	end	role
Mr Tony Wells	England	59 years	Sep 2002	-	Director
Mr Matthew McGrady	England	53 years	Feb 2010	-	Director
Dr Kirsty Wells	England	53 years	Jul 2015	-	Director
Mr David Wilkinson	England	69 years	Jul 2015	-	Director
Mr Kevin Hynes	England	59 years	Nov 2016	-	Director
Mr Matthew Toomey	England	64 years	May 2020	-	Director
Mr Jonathan Dodgeon	England	54 years	Sep 2020	-	Director
Mr Hugo Testa	England	36 years	May 2023	-	Director

P&L

June 2023

turnover

94.3m

+48%

operating profit

8.3m

+107%

gross margin

17.9%

+2.92%

turnover

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

Balance Sheet

June 2023

net assets

16.1m

+0.48%

total assets

53m

+0.34%

cash

6.7m

+0.02%

net assets

Total assets minus all liabilities

Similar Companies

Agree?

merit group services limited

4.5

c. a. blackwell (contracts) limited

3.5

merit merrell technology limited

1.5

p.n.daly limited

energetics design & build limited

1.5

company number

04499715

Type

Private limited with Share Capital

industry

71121 - Engineering design activities for industrial process and production

74100 - Specialised design activities

32990 - Other manufacturing n.e.c.

incorporation date

July 2002

age

accounts

Group

ultimate parent company

MERIT GROUP SERVICES LIMITED

previous names

merit merrell technology limited (May 2003)

incorporated

address

8 silverton court, northumberland business park, cramlington, NE23 7RY

last accounts submitted

June 2023

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 holdings limited. Currently there are 2 open charges and 5 have been satisfied in the past.

merit holdings limited Company Information

merit holdings limited Estimated Valuation

merit holdings limited Estimated Valuation

merit holdings limited Estimated Valuation

Merit Holdings Limited Overview

Merit Holdings Limited Health Check

MERIT HOLDINGS LIMITED financials

merit holdings limited Credit Report and Business Information

Merit Holdings Limited Competitor Analysis

merit holdings limited Ownership

merit holdings limited directors

merit holdings limited company details

merit holdings limited Charges & Mortgages

merit holdings limited Companies House Filings - See Documents