Mercator It Solutions Limited

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mercator it solutions limited Company Information

Live

EstablishedMidRapid

Company Number

05755983

Website

www.mercatorit.com

Registered Address

mercator house london road, crowborough, east sussex, TN6 2TT

Industry

Computer consultancy activities

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

Telephone

441892611161

Next Accounts Due

43 days late

Group Structure

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Directors

Marcus Clemens17 Years

Marc Churchouse17 Years

Shareholders

marc graham churchouse 45.1%

marcus clemens 45.1%

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mercator it solutions limited Estimated Valuation

£9.2m

Pomanda estimates the enterprise value of MERCATOR IT SOLUTIONS LIMITED at £9.2m based on a Turnover of £15.5m and 0.6x industry multiple (adjusted for size and gross margin).

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Mercator It Solutions Limited is a live company located in east sussex, TN6 2TT with a Companies House number of 05755983. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 2006, it's largest shareholder is marc graham churchouse with a 45% stake. Mercator It Solutions Limited is a established, mid sized company, Pomanda has estimated its turnover at £15.5m with rapid growth in recent years.

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

Health Rating4out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £15.5m, make it larger than the average company (£5m)

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (3.8%)

EXPORT

Mercator It Solutions Limited's latest turnover from December 2022 is estimated at £15.5 million and the company has net assets of £2.2 million. According to their latest financial statements, Mercator It Solutions Limited has 59 employees and maintains cash reserves of £486 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	15,536,420	5,894,817	4,561,214	6,281,797	7,298,648	7,392,328	13,305,958	9,908,763	13,618,651	8,073,671	8,640,034	9,443,934	7,206,697	4,714,916
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,859,712	3,763,333	2,914,433	3,983,991	4,552,241	4,480,601	7,906,430	5,904,192	8,039,941	4,647,975	4,803,697	5,273,145	3,946,138	3,960,020
Gross Profit	5,676,708	2,131,484	1,646,781	2,297,806	2,746,407	2,911,727	5,399,527	4,004,571	5,578,710	3,425,696	3,836,336	4,170,789	3,260,559	754,896
Admin Expenses	4,228,793	1,406,082	1,405,172	2,042,058	2,714,730	2,752,397	5,348,214	3,840,072	5,488,157	3,417,551	3,839,991	4,161,686	3,189,974	535,471
Operating Profit	1,447,915	725,402	241,609	255,748	31,677	159,330	51,313	164,499	90,553	8,145	-3,655	9,103	70,585	219,425
Interest Payable	142,019	14,423	45,987	81,587	88,689	77,934	64,624	31,111	0	0	0	0	914	0
Interest Receivable	20,563	1,517	768	6,627	5,629	3,846	1,498	1,642	919	289	18	18	1	0
Pre-Tax Profit	1,326,459	712,496	196,390	180,789	-51,383	85,242	-11,813	135,030	91,472	8,434	-3,637	9,122	69,672	219,425
Tax	-252,027	-135,374	-37,314	-34,350	0	-16,196	0	-27,006	-19,209	-1,940	0	-2,372	-19,508	-47,365
Profit After Tax	1,074,432	577,122	159,076	146,439	-51,383	69,046	-11,813	108,024	72,263	6,494	-3,637	6,750	50,164	172,060
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	223,200
Retained Profit	1,074,432	577,122	159,076	146,439	-51,383	69,046	-11,813	108,024	72,263	6,494	-3,637	6,750	50,164	-51,140
Employee Costs	3,236,629	1,426,089	616,289	547,871	157,227	192,525	4,386,164	3,084,314	4,394,107	2,691,471	2,910,296	3,207,320	2,551,937	0
Number Of Employees	59	28	13	11	3	4	86	61	87	55	60	67	56	0
EBITDA*	1,470,161	731,435	244,584	257,985	34,576	161,919	54,765	169,101	95,699	13,283	-979	12,007	74,585	222,352

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	92,388	39,619	10,867	8,410	8,697	7,765	10,354	13,806	15,437	15,414	8,027	8,711	12,005	8,782
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,805	1,805	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	94,193	41,424	10,867	8,410	8,697	7,765	10,354	13,806	15,437	15,414	8,027	8,711	12,005	8,782
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	3,675,675	972,964	941,784	1,446,441	2,019,797	2,152,828	2,206,222	1,669,500	1,885,205	1,107,071	1,187,567	1,291,444	1,026,924	738,093
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	5,050,771	1,747,798	1,208,010	473,854	332,773	14,827	20,459	300,876	0	0	0	0	0	2,900
Cash	485,976	689,044	524,846	1,011,039	756,249	744,800	793,546	404,955	252,022	115,453	237	6,822	498	6
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	9,212,422	3,409,806	2,674,640	2,931,334	3,108,819	2,912,455	3,020,227	2,375,331	2,137,227	1,222,524	1,187,804	1,298,266	1,027,422	740,999
total assets	9,306,615	3,451,230	2,685,507	2,939,744	3,117,516	2,920,220	3,030,581	2,389,137	2,152,664	1,237,938	1,195,831	1,306,977	1,039,427	749,781
Bank overdraft	0	0	430,944	1,076,812	1,340,568	1,287,257	1,110,697	0	0	0	0	0	0	28,138
Bank loan	2,959,276	30,595	0	0	0	0	0	957,269	0	0	0	0	0	0
Trade Creditors	236,289	711,489	430,119	610,087	485,377	328,015	938,497	604,875	2,018,929	1,166,206	1,140,853	1,248,362	987,562	280,801
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	10,260	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	3,906,272	1,578,800	1,271,220	858,697	1,043,862	1,005,856	751,341	585,134	0	0	0	0	0	439,141
total current liabilities	7,101,837	2,320,884	2,132,283	2,545,596	2,869,807	2,621,128	2,800,535	2,147,278	2,018,929	1,176,466	1,140,853	1,248,362	987,562	748,080
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	7,101,837	2,320,884	2,132,283	2,545,596	2,869,807	2,621,128	2,800,535	2,147,278	2,018,929	1,176,466	1,140,853	1,248,362	987,562	748,080
net assets	2,204,778	1,130,346	553,224	394,148	247,709	299,092	230,046	241,859	133,735	61,472	54,978	58,615	51,865	1,701
total shareholders funds	2,204,778	1,130,346	553,224	394,148	247,709	299,092	230,046	241,859	133,735	61,472	54,978	58,615	51,865	1,701

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1,447,915	725,402	241,609	255,748	31,677	159,330	51,313	164,499	90,553	8,145	-3,655	9,103	70,585	219,425
Depreciation	22,246	6,033	2,975	2,237	2,899	2,589	3,452	4,602	5,146	5,138	2,676	2,904	4,000	2,927
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-252,027	-135,374	-37,314	-34,350	0	-16,196	0	-27,006	-19,209	-1,940	0	-2,372	-19,508	-47,365
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	6,005,684	570,968	229,499	-432,275	184,915	-59,026	256,305	85,171	778,134	-80,496	-103,877	264,520	285,931	740,993
Creditors	-475,200	281,370	-179,968	124,710	157,362	-610,482	333,622	-1,414,054	852,723	25,353	-107,509	260,800	706,761	280,801
Accruals and Deferred Income	2,327,472	307,580	412,523	-185,165	38,006	254,515	166,207	585,134	0	0	0	0	-439,141	439,141
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-2,935,278	614,043	210,326	595,455	45,029	-151,218	298,289	-771,996	151,079	117,192	-4,611	5,915	36,766	153,936
Investing Activities
capital expenditure	-75,015	-34,785	-5,432	-1,950	-3,831	0	0	-2,971	-5,169	-12,525	-1,992	390	-7,223	-11,709
Change in Investments	0	1,805	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-75,015	-36,590	-5,432	-1,950	-3,831	0	0	-2,971	-5,169	-12,525	-1,992	390	-7,223	-11,709
Financing Activities
Bank loans	2,928,681	30,595	0	0	0	0	-957,269	957,269	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	-10,260	10,260	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	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	0	0	0	0	0	0	0	100	0	0	0	0	0	52,841
interest	-121,456	-12,906	-45,219	-74,960	-83,060	-74,088	-63,126	-29,469	919	289	18	18	-913	0
cash flow from financing	2,807,225	17,689	-45,219	-74,960	-83,060	-74,088	-1,020,395	927,900	-9,341	10,549	18	18	-913	52,841
cash and cash equivalents
cash	-203,068	164,198	-486,193	254,790	11,449	-48,746	388,591	152,933	136,569	115,216	-6,585	6,324	492	6
overdraft	0	-430,944	-645,868	-263,756	53,311	176,560	1,110,697	0	0	0	0	0	-28,138	28,138
change in cash	-203,068	595,142	159,675	518,546	-41,862	-225,306	-722,106	152,933	136,569	115,216	-6,585	6,324	28,630	-28,132

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERCATOR IT SOLUTIONS LIMITED group structure

Mercator It Solutions Limited has no subsidiary companies.

Ultimate parent company

MERCATOR IT SOLUTIONS LIMITED

05755983

MERCATOR IT SOLUTIONS LIMITED Shareholders

marc graham churchouse	45.05%
marcus clemens	45.05%
martin drewitt	9.9%

Mercator It Solutions Limited currently has 2 directors. The longest serving directors include Mr Marcus Clemens (Feb 2007) and Mr Marc Churchouse (Feb 2007).

officer	country	age	start	end	role
Mr Marcus Clemens	England	53 years	Feb 2007	-	Director
Mr Marc Churchouse	England	47 years	Feb 2007	-	Director

P&L

December 2022

turnover

15.5m

+164%

operating profit

1.4m

gross margin

36.6%

+1.05%

turnover

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

Balance Sheet

December 2022

net assets

2.2m

+0.95%

total assets

9.3m

+1.7%

cash

486k

-0.29%

net assets

Total assets minus all liabilities

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company number

05755983

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

incorporation date

March 2006

ultimate parent company

None

previous names

rutherford business solutions limited (April 2006)

address

mercator house london road, crowborough, east sussex, TN6 2TT

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 3 charges/mortgages relating to mercator it solutions limited. Currently there are 1 open charges and 2 have been satisfied in the past.

mercator it solutions limited Company Information

mercator it solutions limited Estimated Valuation

mercator it solutions limited Estimated Valuation

mercator it solutions limited Estimated Valuation

Mercator It Solutions Limited Overview

Mercator It Solutions Limited Health Check

MERCATOR IT SOLUTIONS LIMITED financials

mercator it solutions limited Credit Report and Business Information

Mercator It Solutions Limited Competitor Analysis

mercator it solutions limited Ownership

mercator it solutions limited directors

mercator it solutions limited company details

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