merit staffing solutions ltd

Dissolved 

merit staffing solutions ltd Company Information

Share MERIT STAFFING SOLUTIONS LTD

Company Number

05510504

Shareholders

kelly pinnell

Group Structure

View All

Industry

Temporary employment agency activities

 

Registered Address

35 bedford road, hitchin, hertfordshire, SG5 2TP

Website

-

merit staffing solutions ltd Estimated Valuation

£1.6k

Pomanda estimates the enterprise value of MERIT STAFFING SOLUTIONS LTD at £1.6k based on a Turnover of £11.8k and 0.14x industry multiple (adjusted for size and gross margin).

merit staffing solutions ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of MERIT STAFFING SOLUTIONS LTD at £0 based on an EBITDA of £-13k and a 2.43x industry multiple (adjusted for size and gross margin).

merit staffing solutions ltd Estimated Valuation

£5k

Pomanda estimates the enterprise value of MERIT STAFFING SOLUTIONS LTD at £5k based on Net Assets of £3.9k and 1.3x industry multiple (adjusted for liquidity).

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Merit Staffing Solutions Ltd Overview

Merit Staffing Solutions Ltd is a dissolved company that was located in hertfordshire, SG5 2TP with a Companies House number of 05510504. It operated in the temporary employment agency activities sector, SIC Code 78200. Founded in July 2005, it's largest shareholder was kelly pinnell with a 100% stake. The last turnover for Merit Staffing Solutions Ltd was estimated at £11.8k.

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Merit Staffing Solutions Ltd Health Check

Pomanda's financial health check has awarded Merit Staffing Solutions Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £11.8k, make it smaller than the average company (£10.1m)

£11.8k - Merit Staffing Solutions Ltd

£10.1m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Merit Staffing Solutions Ltd

- - Industry AVG

production

Production

with a gross margin of 12.4%, this company has a higher cost of product (17.6%)

12.4% - Merit Staffing Solutions Ltd

17.6% - Industry AVG

profitability

Profitability

an operating margin of -112.1% make it less profitable than the average company (2.8%)

-112.1% - Merit Staffing Solutions Ltd

2.8% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (63)

1 - Merit Staffing Solutions Ltd

63 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.3k, the company has an equivalent pay structure (£37.3k)

£37.3k - Merit Staffing Solutions Ltd

£37.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £11.8k, this is less efficient (£273.1k)

£11.8k - Merit Staffing Solutions Ltd

£273.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 14 days, this is earlier than average (53 days)

14 days - Merit Staffing Solutions Ltd

53 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 97 days, this is slower than average (5 days)

97 days - Merit Staffing Solutions Ltd

5 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Merit Staffing Solutions Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 113 weeks, this is more cash available to meet short term requirements (4 weeks)

113 weeks - Merit Staffing Solutions Ltd

4 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 41.6%, this is a lower level of debt than the average (77.6%)

41.6% - Merit Staffing Solutions Ltd

77.6% - Industry AVG

MERIT STAFFING SOLUTIONS LTD financials

EXPORTms excel logo

Merit Staffing Solutions Ltd's latest turnover from June 2012 is estimated at £11.8 thousand and the company has net assets of £3.9 thousand. According to their latest financial statements, we estimate that Merit Staffing Solutions Ltd has 1 employee and maintains cash reserves of £6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2012Jul 2011Jul 2010Jul 2009
Turnover11,78846,38418,427
Other Income Or Grants
Cost Of Sales10,33040,32916,066
Gross Profit1,4586,0552,361
Admin Expenses14,6739,5672,616-28,506
Operating Profit-13,215-3,512-25528,506
Interest Payable
Interest Receivable6610710751
Pre-Tax Profit-13,149-3,405-14828,557
Tax-7,996
Profit After Tax-13,149-3,405-14820,561
Dividends Paid
Retained Profit-13,149-3,405-14820,561
Employee Costs37,30335,49735,170
Number Of Employees111
EBITDA*-12,963-3,260-228,617

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2012Jul 2011Jul 2010Jul 2009
Tangible Assets143395647332
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets143395647332
Stock & work in progress
Trade Debtors4804,2399941,650
Group Debtors
Misc Debtors
Cash5,98420,57722,37120,554
misc current assets
total current assets6,46424,81623,36522,204
total assets6,60725,21124,01222,536
Bank overdraft
Bank loan
Trade Creditors 2,7478,2023,5981,974
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities2,7478,2023,5981,974
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities2,7478,2023,5981,974
net assets3,86017,00920,41420,562
total shareholders funds3,86017,00920,41420,562
Jun 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit-13,215-3,512-25528,506
Depreciation252252253111
Amortisation
Tax-7,996
Stock
Debtors-3,7593,245-6561,650
Creditors-5,4554,6041,6241,974
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-14,659-1,9012,27820,945
Investing Activities
capital expenditure-568-443
Change in Investments
cash flow from investments-568-443
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue1
interest6610710751
cash flow from financing6610710752
cash and cash equivalents
cash-14,593-1,7941,81720,554
overdraft
change in cash-14,593-1,7941,81720,554

merit staffing solutions ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Merit Staffing Solutions Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for merit staffing solutions ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in SG5 area or any other competitors across 12 key performance metrics.

merit staffing solutions ltd Ownership

MERIT STAFFING SOLUTIONS LTD group structure

Merit Staffing Solutions Ltd has no subsidiary companies.

Ultimate parent company

MERIT STAFFING SOLUTIONS LTD

05510504

MERIT STAFFING SOLUTIONS LTD Shareholders

kelly pinnell 100%

merit staffing solutions ltd directors

Merit Staffing Solutions Ltd currently has 1 director, Ms Kelly Zukewich serving since Jul 2005.

officercountryagestartendrole
Ms Kelly ZukewichCanada48 years Jul 2005- Director

P&L

June 2012

turnover

11.8k

-75%

operating profit

-13.2k

0%

gross margin

12.4%

-5.26%

turnover

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

Balance Sheet

June 2012

net assets

3.9k

-0.77%

total assets

6.6k

-0.74%

cash

6k

-0.71%

net assets

Total assets minus all liabilities

merit staffing solutions ltd company details

company number

05510504

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

July 2005

age

20

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Small

last accounts submitted

June 2012

previous names

N/A

accountant

-

auditor

-

address

35 bedford road, hitchin, hertfordshire, SG5 2TP

Bank

-

Legal Advisor

-

merit staffing solutions ltd 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 merit staffing solutions ltd.

merit staffing solutions ltd 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.

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merit staffing solutions ltd Companies House Filings - See Documents

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