merit finance limited
merit finance limited Company Information
Company Number
04538853
Next Accounts
Jan 2025
Industry
Other personal service activities n.e.c.
Directors
Shareholders
linda marie higgins
ronald francis higgins
Group Structure
View All
Contact
Registered Address
lynton house, 7-12 tavistock square, london, WC1H 9LT
Website
-merit finance limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT FINANCE LIMITED at £635.9k based on a Turnover of £1.1m and 0.57x industry multiple (adjusted for size and gross margin).
merit finance limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT FINANCE LIMITED at £147.8k based on an EBITDA of £44.1k and a 3.35x industry multiple (adjusted for size and gross margin).
merit finance limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT FINANCE LIMITED at £0 based on Net Assets of £-19.5k and 2.27x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Merit Finance Limited Overview
Merit Finance Limited is a dissolved company that was located in london, WC1H 9LT with a Companies House number of 04538853. It operated in the other service activities n.e.c. sector, SIC Code 96090. Founded in September 2002, it's largest shareholder was linda marie higgins with a 50% stake. The last turnover for Merit Finance Limited was estimated at £1.1m.
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Merit Finance Limited Health Check
Pomanda's financial health check has awarded Merit Finance Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £1.1m, make it larger than the average company (£464.3k)
- Merit Finance Limited
£464.3k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Merit Finance Limited
- - Industry AVG
Production
with a gross margin of 21.9%, this company has a higher cost of product (42.1%)
- Merit Finance Limited
42.1% - Industry AVG
Profitability
an operating margin of 3.8% make it less profitable than the average company (7.4%)
- Merit Finance Limited
7.4% - Industry AVG
Employees
with 9 employees, this is below the industry average (20)
- Merit Finance Limited
20 - Industry AVG
Pay Structure
on an average salary of £24.6k, the company has an equivalent pay structure (£24.6k)
- Merit Finance Limited
£24.6k - Industry AVG
Efficiency
resulting in sales per employee of £124.3k, this is more efficient (£58.2k)
- Merit Finance Limited
£58.2k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (29 days)
- Merit Finance Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 113 days, this is slower than average (42 days)
- Merit Finance Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Merit Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (51 weeks)
0 weeks - Merit Finance Limited
51 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 107.7%, this is a higher level of debt than the average (47.1%)
107.7% - Merit Finance Limited
47.1% - Industry AVG
MERIT FINANCE LIMITED financials
Merit Finance Limited's latest turnover from March 2012 is estimated at £1.1 million and the company has net assets of -£19.5 thousand. According to their latest financial statements, we estimate that Merit Finance Limited has 9 employees and maintains cash reserves of £1.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|
| Turnover | |||
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | |||
| Interest Payable | |||
| Interest Receivable | |||
| Pre-Tax Profit | |||
| Tax | |||
| Profit After Tax | |||
| Dividends Paid | |||
| Retained Profit | |||
| Employee Costs | |||
| Number Of Employees | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|
| Tangible Assets | 1,833 | 1,833 | 4,857 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 1,833 | 1,833 | 4,857 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 231,088 | 230,786 | 268,169 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 1,212 | 1,785 | 3,785 |
| misc current assets | 18,746 | 27,566 | 39,456 |
| total current assets | 251,046 | 260,137 | 311,410 |
| total assets | 252,879 | 261,970 | 316,267 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 272,410 | 312,784 | 413,984 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 272,410 | 312,784 | 413,984 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 272,410 | 312,784 | 413,984 |
| net assets | -19,531 | -50,814 | -97,717 |
| total shareholders funds | -21,362 | -52,645 | -102,572 |
| Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 1,832 | 3,024 | 599 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 302 | -37,383 | 268,169 |
| Creditors | -40,374 | -101,200 | 413,984 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -573 | -2,000 | 3,785 |
| overdraft | 0 | 0 | 0 |
| change in cash | -573 | -2,000 | 3,785 |
merit finance limited Credit Report and Business Information
Merit Finance Limited Competitor Analysis
Perform a competitor analysis for merit finance limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other undefined companies, companies in WC1H area or any other competitors across 12 key performance metrics.
merit finance limited Ownership
MERIT FINANCE LIMITED group structure
Merit Finance Limited has no subsidiary companies.
Ultimate parent company
MERIT FINANCE LIMITED
04538853
merit finance limited directors
Merit Finance Limited currently has 1 director, Mr Ronald Higgins serving since May 2003.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ronald Higgins | 74 years | May 2003 | - | Director |
P&L
March 2012turnover
1.1m
0%
operating profit
42.3k
0%
gross margin
21.9%
-5.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2012net assets
-19.5k
-0.62%
total assets
252.9k
-0.03%
cash
1.2k
-0.32%
net assets
Total assets minus all liabilities
merit finance limited company details
company number
04538853
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
September 2002
age
23
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
March 2012
previous names
premium financial services limited (September 2004)
rfh limited (September 2004)
See moreaccountant
-
auditor
-
address
lynton house, 7-12 tavistock square, london, WC1H 9LT
Bank
-
Legal Advisor
-
merit finance limited 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 2 charges/mortgages relating to merit finance limited. Currently there are 0 open charges and 2 have been satisfied in the past.
merit finance limited Capital Raised & Share Issues BETA
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.
Click to start generating capital raising & share issue transactions for MERIT FINANCE LIMITED. This can take several minutes, an email will notify you when this has completed.
merit finance limited Companies House Filings - See Documents
| date | description | view/download |
|---|
