mercian limited
mercian limited Company Information
Company Number
05238329
Website
www.mercian.orgRegistered Address
units 3&4 the barns, highfield farm, macclesfield, cheshire, SK11 9BN
Industry
Wholesale of fruit and vegetables
Telephone
01625860677
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
livetrace ltd 32%
l & b carter limited 17%
View Allmercian limited Estimated Valuation
Pomanda estimates the enterprise value of MERCIAN LIMITED at £19.1m based on a Turnover of £48.2m and 0.4x industry multiple (adjusted for size and gross margin).
mercian limited Estimated Valuation
Pomanda estimates the enterprise value of MERCIAN LIMITED at £20.1m based on an EBITDA of £3.2m and a 6.28x industry multiple (adjusted for size and gross margin).
mercian limited Estimated Valuation
Pomanda estimates the enterprise value of MERCIAN LIMITED at £17m based on Net Assets of £8.7m and 1.95x industry multiple (adjusted for liquidity).
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Mercian Limited Overview
Mercian Limited is a live company located in macclesfield, SK11 9BN with a Companies House number of 05238329. It operates in the wholesale of fruit and vegetables sector, SIC Code 46310. Founded in September 2004, it's largest shareholder is livetrace ltd with a 32% stake. Mercian Limited is a mature, large sized company, Pomanda has estimated its turnover at £48.2m with healthy growth in recent years.
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Mercian Limited Health Check
Pomanda's financial health check has awarded Mercian Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £48.2m, make it larger than the average company (£23.5m)
£48.2m - Mercian Limited
£23.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.6%)
11% - Mercian Limited
4.6% - Industry AVG
Production
with a gross margin of 11.2%, this company has a comparable cost of product (12.3%)
11.2% - Mercian Limited
12.3% - Industry AVG
Profitability
an operating margin of 6.5% make it more profitable than the average company (2.5%)
6.5% - Mercian Limited
2.5% - Industry AVG
Employees
with 9 employees, this is below the industry average (43)
9 - Mercian Limited
43 - Industry AVG
Pay Structure
on an average salary of £197.9k, the company has a higher pay structure (£36.6k)
£197.9k - Mercian Limited
£36.6k - Industry AVG
Efficiency
resulting in sales per employee of £5.4m, this is more efficient (£474k)
£5.4m - Mercian Limited
£474k - Industry AVG
Debtor Days
it gets paid by customers after 102 days, this is later than average (35 days)
102 days - Mercian Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 83 days, this is slower than average (32 days)
83 days - Mercian Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mercian Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (13 weeks)
24 weeks - Mercian Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.6%, this is a similar level of debt than the average (60.5%)
55.6% - Mercian Limited
60.5% - Industry AVG
mercian limited Credit Report and Business Information
Mercian Limited Competitor Analysis
Perform a competitor analysis for mercian limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mercian limited Ownership
MERCIAN LIMITED group structure
Mercian Limited has no subsidiary companies.
Ultimate parent company
MERCIAN LIMITED
05238329
mercian limited directors
Mercian Limited currently has 5 directors. The longest serving directors include Mr Philip Kemp (Sep 2004) and Mr John Carter (Sep 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Kemp | 57 years | Sep 2004 | - | Director | |
| Mr John Carter | 53 years | Sep 2004 | - | Director | |
| Mr Anthony Heal | United Kingdom | 60 years | Sep 2004 | - | Director |
| Mr Martyn Read | United Kingdom | 57 years | Sep 2004 | - | Director |
| Mr Gary Stanier | 56 years | Sep 2004 | - | Director |
MERCIAN LIMITED financials
Mercian Limited's latest turnover from June 2023 is £48.2 million and the company has net assets of £8.7 million. According to their latest financial statements, Mercian Limited has 9 employees and maintains cash reserves of £5.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 48,173,900 | 37,720,807 | 36,348,763 | 35,513,754 | 39,387,434 | 39,692,275 | 35,686,289 | 31,587,178 | 29,042,639 | 32,350,388 | 29,510,081 | 27,754,447 | 8,149,860 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 42,802,569 | 33,506,323 | 32,787,240 | 32,808,103 | 35,784,814 | 36,364,093 | 31,910,463 | 28,858,951 | ||||||
| Gross Profit | 5,371,331 | 4,214,484 | 3,561,523 | 2,705,651 | 3,602,620 | 3,328,182 | 3,775,826 | 2,728,227 | ||||||
| Admin Expenses | 2,224,699 | 1,448,463 | 1,139,041 | 1,159,289 | 1,301,411 | 1,399,233 | 1,365,375 | 1,249,748 | ||||||
| Operating Profit | 3,146,632 | 2,766,021 | 2,422,482 | 1,546,362 | 2,301,209 | 1,928,949 | 2,410,451 | 1,478,479 | 1,177,585 | 833,819 | 229,382 | 1,673,980 | 133,009 | |
| Interest Payable | 568 | 3,362 | 1,609 | 0 | 0 | 0 | 382 | 43 | 198 | 418 | 0 | 0 | 10 | |
| Interest Receivable | 35,399 | 341 | 523 | 1,764 | 767 | 673 | 648 | 1,726 | 5,978 | 5,847 | 2,109 | 1,891 | 296 | |
| Pre-Tax Profit | 3,181,463 | 2,763,000 | 2,421,396 | 1,548,126 | 2,301,976 | 1,929,622 | 2,410,717 | 1,480,162 | 1,183,365 | 839,248 | 231,491 | 1,675,871 | 133,295 | |
| Tax | -656,228 | -508,553 | -477,901 | -299,805 | -438,560 | -367,656 | -474,964 | -269,155 | -206,232 | -185,717 | -42,951 | -433,212 | -29,576 | |
| Profit After Tax | 2,525,235 | 2,254,447 | 1,943,495 | 1,248,321 | 1,863,416 | 1,561,966 | 1,935,753 | 1,211,007 | 977,133 | 653,531 | 188,540 | 1,242,659 | 103,719 | |
| Dividends Paid | 1,000,000 | 2,500,000 | 2,500,000 | 500,000 | 500,000 | 1,000,000 | 300,000 | 600,000 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 1,525,235 | -245,553 | -556,505 | 748,321 | 1,363,416 | 561,966 | 1,635,753 | 611,007 | 977,133 | 653,531 | 188,540 | 1,242,659 | 103,719 | |
| Employee Costs | 1,781,351 | 1,239,258 | 1,273,971 | 1,080,031 | 1,112,522 | 1,197,235 | 1,102,825 | 953,129 | 562,238 | 403,537 | 314,321 | 386,111 | 159,781 | |
| Number Of Employees | 9 | 9 | 8 | 8 | 8 | 9 | 8 | 8 | 7 | 7 | 6 | 6 | 2 | |
| EBITDA* | 3,199,237 | 2,820,907 | 2,503,501 | 1,604,936 | 2,346,145 | 1,979,000 | 2,415,062 | 1,484,622 | 1,187,283 | 845,288 | 243,678 | 1,685,466 | 134,511 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 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 | 500,871 | 482,517 | 500,763 | 2,332,125 | 680,285 | 709,221 | 504,761 | 492,689 | 464,306 | 466,796 | 446,322 | 34,442 | 4,501 | 6,003 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 28,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,935 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 500,871 | 510,517 | 500,763 | 2,332,125 | 680,285 | 709,221 | 504,761 | 492,689 | 464,306 | 470,731 | 446,322 | 34,442 | 4,501 | 6,003 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 13,526,517 | 7,608,162 | 7,585,438 | 6,565,265 | 8,327,702 | 7,095,461 | 8,069,819 | 7,241,921 | 5,068,733 | 5,514,442 | 6,857,605 | 4,183,535 | 1,665,093 | 259,471 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 464,797 | 1,160,846 | 1,062,970 | 345,596 | 278,940 | 90,284 | 74,624 | 96,188 | 208,191 | 254,026 | 223,493 | 112,821 | 4,121 | 0 |
| Cash | 5,162,778 | 4,590,848 | 4,861,494 | 4,719,994 | 5,750,427 | 4,962,344 | 2,825,703 | 2,194,771 | 1,378,911 | 1,314,876 | 720,548 | 775,990 | 128,045 | 153,788 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 19,154,092 | 13,359,856 | 13,509,902 | 11,630,855 | 14,357,069 | 12,148,089 | 10,970,146 | 9,532,880 | 6,655,835 | 7,083,344 | 7,801,646 | 5,072,346 | 1,797,259 | 413,259 |
| total assets | 19,654,963 | 13,870,373 | 14,010,665 | 13,962,980 | 15,037,354 | 12,857,310 | 11,474,907 | 10,025,569 | 7,120,141 | 7,554,075 | 8,247,968 | 5,106,788 | 1,801,760 | 419,262 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,791,294 | 5,651,906 | 6,067,774 | 5,718,043 | 7,452,281 | 6,726,508 | 5,552,407 | 5,933,434 | 3,792,207 | 5,229,176 | 6,704,525 | 3,305,446 | 1,178,928 | 502,510 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 162 | 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 | 1,117,520 | 989,465 | 467,458 | 222,159 | 318,159 | 221,026 | 591,877 | 396,482 | 242,758 | 219,698 | 91,773 | 533,790 | 602,199 | 0 |
| total current liabilities | 10,908,814 | 6,641,371 | 6,535,232 | 5,940,202 | 7,770,440 | 6,947,534 | 6,144,284 | 6,329,916 | 4,034,965 | 5,448,874 | 6,796,298 | 3,839,236 | 1,781,289 | 502,510 |
| loans | 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 |
| 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 | 20,175 | 28,263 | 29,141 | 19,981 | 12,438 | 18,716 | 1,529 | 2,312 | 2,842 | 0 | 0 | 4,422 | 0 | 0 |
| total long term liabilities | 20,175 | 28,263 | 29,141 | 19,981 | 12,438 | 18,716 | 1,529 | 2,312 | 2,842 | 0 | 0 | 4,422 | 0 | 0 |
| total liabilities | 10,928,989 | 6,669,634 | 6,564,373 | 5,960,183 | 7,782,878 | 6,966,250 | 6,145,813 | 6,332,228 | 4,037,807 | 5,448,874 | 6,796,298 | 3,843,658 | 1,781,289 | 502,510 |
| net assets | 8,725,974 | 7,200,739 | 7,446,292 | 8,002,797 | 7,254,476 | 5,891,060 | 5,329,094 | 3,693,341 | 3,082,334 | 2,105,201 | 1,451,670 | 1,263,130 | 20,471 | -83,248 |
| total shareholders funds | 8,725,974 | 7,200,739 | 7,446,292 | 8,002,797 | 7,254,476 | 5,891,060 | 5,329,094 | 3,693,341 | 3,082,334 | 2,105,201 | 1,451,670 | 1,263,130 | 20,471 | -83,248 |
| Jun 2023 | Jun 2022 | Jun 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 | 3,146,632 | 2,766,021 | 2,422,482 | 1,546,362 | 2,301,209 | 1,928,949 | 2,410,451 | 1,478,479 | 1,177,585 | 833,819 | 229,382 | 1,673,980 | 133,009 | |
| Depreciation | 52,605 | 54,886 | 81,019 | 58,574 | 44,936 | 50,051 | 4,611 | 6,143 | 9,698 | 11,469 | 14,296 | 11,486 | 1,502 | 2,006 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -656,228 | -508,553 | -477,901 | -299,805 | -438,560 | -367,656 | -474,964 | -269,155 | -206,232 | -185,717 | -42,951 | -433,212 | -29,576 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5,194,306 | 148,600 | 1,737,547 | -1,695,781 | 1,420,897 | -958,698 | 806,334 | 2,061,185 | -495,479 | -1,308,695 | 2,784,742 | 2,627,142 | 1,409,743 | 259,471 |
| Creditors | 4,139,388 | -415,868 | 349,731 | -1,734,238 | 725,773 | 1,174,101 | -381,027 | 2,141,227 | -1,436,969 | -1,475,349 | 3,399,079 | 2,126,518 | 676,418 | 502,510 |
| Accruals and Deferred Income | 128,055 | 522,007 | 245,299 | -96,000 | 97,133 | -370,851 | 195,395 | 153,724 | 23,060 | 127,925 | -442,017 | -68,409 | 602,199 | 0 |
| Deferred Taxes & Provisions | -8,088 | -878 | 9,160 | 7,543 | -6,278 | 17,187 | -783 | -530 | 2,842 | 0 | -4,422 | 4,422 | 0 | 0 |
| Cash flow from operations | 1,608,058 | 2,269,015 | 892,243 | 1,178,217 | 1,303,316 | 3,390,479 | 947,349 | 1,448,703 | 65,463 | 620,842 | 368,625 | 687,643 | -26,191 | |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -254,511 | -16,684 | -24,910 | -7,208 | -31,943 | -426,176 | -41,427 | 0 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -254,511 | -16,684 | -24,910 | -7,208 | -31,943 | -426,176 | -41,427 | 0 | |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 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 | -162 | 162 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | ||||||||||||||
| interest | 34,831 | -3,021 | -1,086 | 1,764 | 767 | 673 | 266 | 1,683 | 5,780 | 5,429 | 2,109 | 1,891 | 286 | |
| cash flow from financing | 34,831 | -3,021 | -1,086 | 1,764 | 767 | 673 | 266 | 1,683 | 5,780 | 5,429 | 2,109 | 1,729 | 448 | |
| cash and cash equivalents | ||||||||||||||
| cash | 571,930 | -270,646 | 141,500 | -1,030,433 | 788,083 | 2,136,641 | 630,932 | 815,860 | 64,035 | 594,328 | -55,442 | 647,945 | -25,743 | 153,788 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 571,930 | -270,646 | 141,500 | -1,030,433 | 788,083 | 2,136,641 | 630,932 | 815,860 | 64,035 | 594,328 | -55,442 | 647,945 | -25,743 | 153,788 |
P&L
June 2023turnover
48.2m
+28%
operating profit
3.1m
+14%
gross margin
11.2%
-0.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
8.7m
+0.21%
total assets
19.7m
+0.42%
cash
5.2m
+0.12%
net assets
Total assets minus all liabilities
Similar Companies
mercian limited company details
company number
05238329
Type
Private limited with Share Capital
industry
46310 - Wholesale of fruit and vegetables
incorporation date
September 2004
age
20
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
units 3&4 the barns, highfield farm, macclesfield, cheshire, SK11 9BN
last accounts submitted
June 2023
mercian 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 did not find charges/mortgages relating to mercian limited.
mercian limited Companies House Filings - See Documents
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