Merge Services Limited

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merge services limited Company Information

Live

EstablishedSmallDeclining

Company Number

06091253

Next Accounts

Nov 2025

Industry

Joinery installation

Directors

Carwyn Morgan

Shareholders

carwyn morgan

Group Structure

View All

Contact

Registered Address

unit 8b trostre business park, llanelli, SA14 9UU

Website

merge services limited Estimated Valuation

£794.5k

Pomanda estimates the enterprise value of MERGE SERVICES LIMITED at £794.5k based on Net Assets of £401.3k and 1.98x industry multiple (adjusted for liquidity).

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Merge Services Limited is a live company located in llanelli, SA14 9UU with a Companies House number of 06091253. It operates in the joinery installation sector, SIC Code 43320. Founded in February 2007, it's largest shareholder is carwyn morgan with a 100% stake. Merge Services Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Merge Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £1.5m, make it larger than the average company (£196.4k)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (10.9%)

EXPORT

Merge Services Limited's latest turnover from February 2024 is estimated at £1.5 million and the company has net assets of £401.3 thousand. According to their latest financial statements, Merge Services Limited has 19 employees and maintains cash reserves of £12.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,475,057	1,478,247	1,624,392	1,847,384	2,207,146	3,306,842	1,728,727	1,452,044	438,559	936,151	849,255	765,398	368,626	154,750	170,699
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,027,438	1,071,254	1,221,100	1,313,520	1,574,578	2,243,659	1,148,370	988,379	283,309	605,514	518,539	472,657	231,986	95,382	108,297
Gross Profit	447,618	406,993	403,293	533,864	632,568	1,063,182	580,357	463,665	155,250	330,638	330,717	292,741	136,640	59,367	62,402
Admin Expenses	447,133	355,220	327,178	569,827	701,867	948,749	458,211	273,809	115,183	196,514	315,993	316,253	140,381	33,200	79,441
Operating Profit	485	51,773	76,115	-35,963	-69,299	114,433	122,146	189,856	40,067	134,124	14,724	-23,512	-3,741	26,167	-17,039
Interest Payable	3,249	10,114	13,386	14,044	12,388	7,215	4,689	3,563	1,844	834	335	617	956	1,294	739
Interest Receivable	683	300	8	13	100	28	170	172	325	146	37	31	28	63	35
Pre-Tax Profit	-2,081	41,958	62,737	-49,994	-81,587	107,246	117,626	186,465	38,549	133,437	14,426	-24,098	-4,669	24,936	-17,742
Tax	0	-7,972	-11,920	0	0	-20,377	-22,349	-37,293	-7,710	-28,022	-3,318	0	0	-6,982	0
Profit After Tax	-2,081	33,986	50,817	-49,994	-81,587	86,869	95,277	149,172	30,839	105,415	11,108	-24,098	-4,669	17,954	-17,742
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,081	33,986	50,817	-49,994	-81,587	86,869	95,277	149,172	30,839	105,415	11,108	-24,098	-4,669	17,954	-17,742
Employee Costs	427,025	571,609	577,731	472,675	929,585	896,734	705,573	687,152	126,585	184,591	181,907	183,252	93,535	61,476	29,239
Number Of Employees	19	21	21	20	25	25	20	20	3	5	5	5	3	2	1
EBITDA*	50,241	113,758	148,726	-11,786	-25,520	145,278	143,770	215,037	40,067	141,129	20,927	-15,384	4,806	29,212	-14,284

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	182,699	226,790	346,404	285,780	312,906	204,935	161,666	175,890	36,937	33,750	33,055	38,862	40,238	23,180	9,023
Intangible Assets	1,500	2,000	2,500	3,000	3,500	4,000	4,500	5,000	5,500	6,000	6,500	7,000	7,500	8,000	8,500
Investments & Other	0	0	0	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	0
Total Fixed Assets	184,199	228,790	348,904	288,780	316,406	208,935	166,166	180,890	42,437	39,750	39,555	45,862	47,738	31,180	17,523
Stock & work in progress	265,000	265,000	265,000	256,646	178,286	71,508	63,612	40,000	57,912	9,300	21,210	23,000	15,000	6,000	3,000
Trade Debtors	173,384	144,319	159,690	182,328	228,149	482,495	312,766	183,427	50,266	133,310	76,410	45,368	22,857	8,995	14,239
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	200,758	192,672	215,221	214,938	305,467	343,569	46,442	59,257	8,426	0	0	0	0	0	0
Cash	12,284	13,746	1,241	2,114	23,489	3,146	4,422	63,405	74,229	55,896	2,389	12,400	0	11,080	14,080
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	651,426	615,737	641,152	656,026	735,391	900,718	427,242	346,089	190,833	198,506	100,009	80,768	37,857	26,075	31,319
total assets	835,625	844,527	990,056	944,806	1,051,797	1,109,653	593,408	526,979	233,270	238,256	139,564	126,630	85,595	57,255	48,842
Bank overdraft	20	0	71,011	103,770	105,422	0	36,811	40,726	18,674	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	142,473	194,488	190,209	202,459	246,113	367,918	37,662	62,419	47,983	127,188	152,285	147,422	76,648	38,867	43,855
Group/Directors Accounts	0	0	0	0	0	0	0	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	0
hp & lease commitments	0	0	0	0	0	26,756	57,294	72,460	0	0	0	0	0	0	0
other current liabilities	231,467	125,046	119,214	79,318	56,107	58,271	69,111	43,742	30,663	0	0	0	0	0	0
total current liabilities	373,960	319,534	380,434	385,547	407,642	452,945	200,878	219,347	97,320	127,188	152,285	147,422	76,648	38,867	43,855
loans	25,154	32,587	98,687	138,418	112,846	148,790	28,184	38,563	16,053	22,010	3,636	6,673	12,314	17,086	22,727
hp & lease commitments	35,243	89,057	141,572	102,295	162,769	57,791	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	1,088	1,088	1,088	1,088	1,088	1,088	1,088	1,088	0
total long term liabilities	60,397	121,644	240,259	240,713	275,615	206,581	29,272	39,651	17,141	23,098	4,724	7,761	13,402	18,174	22,727
total liabilities	434,357	441,178	620,693	626,260	683,257	659,526	230,150	258,998	114,461	150,286	157,009	155,183	90,050	57,041	66,582
net assets	401,268	403,349	369,363	318,546	368,540	450,127	363,258	267,981	118,809	87,970	-17,445	-28,553	-4,455	214	-17,740
total shareholders funds	401,268	403,349	369,363	318,546	368,540	450,127	363,258	267,981	118,809	87,970	-17,445	-28,553	-4,455	214	-17,740

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	485	51,773	76,115	-35,963	-69,299	114,433	122,146	189,856	40,067	134,124	14,724	-23,512	-3,741	26,167	-17,039
Depreciation	49,256	61,485	72,111	23,677	43,279	30,345	21,124	24,681	0	6,505	5,703	7,628	8,047	2,545	2,255
Amortisation	500	500	500	500	500	500	500	500	0	500	500	500	500	500	500
Tax	0	-7,972	-11,920	0	0	-20,377	-22,349	-37,293	-7,710	-28,022	-3,318	0	0	-6,982	0
Stock	0	0	8,354	78,360	106,778	7,896	23,612	-17,912	48,612	-11,910	-1,790	8,000	9,000	3,000	3,000
Debtors	37,151	-37,920	-22,355	-136,350	-292,448	466,856	116,524	183,992	-74,618	56,900	31,042	22,511	13,862	-5,244	14,239
Creditors	-52,015	4,279	-12,250	-43,654	-121,805	330,256	-24,757	14,436	-79,205	-25,097	4,863	70,774	37,781	-4,988	43,855
Accruals and Deferred Income	106,421	5,832	39,896	23,211	-2,164	-10,840	25,369	13,079	30,663	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-1,088	0	0	0	0	0	0	0	1,088	0
Cash flow from operations	67,496	153,817	178,453	25,761	36,181	-31,523	-18,103	39,179	9,821	43,020	-6,780	24,879	19,725	20,574	12,332
Investing Activities
capital expenditure	-5,165	58,129	-132,735	3,449	-151,250	-73,614	-6,900	-163,634	-2,687	-7,200	104	-6,252	-25,105	-16,702	-20,278
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,165	58,129	-132,735	3,449	-151,250	-73,614	-6,900	-163,634	-2,687	-7,200	104	-6,252	-25,105	-16,702	-20,278
Financing Activities
Bank loans	0	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	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-7,433	-66,100	-39,731	25,572	-35,944	120,606	-10,379	22,510	-5,957	18,374	-3,037	-5,641	-4,772	-5,641	22,727
Hire Purchase and Lease Commitments	-53,814	-52,515	39,277	-60,474	78,222	27,253	-15,166	72,460	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	-2,566	-9,814	-13,378	-14,031	-12,288	-7,187	-4,519	-3,391	-1,519	-688	-298	-586	-928	-1,231	-704
cash flow from financing	-63,813	-128,429	-13,832	-48,933	29,990	140,672	-30,064	91,579	-7,476	17,686	-3,335	-6,227	-5,700	-6,872	22,025
cash and cash equivalents
cash	-1,462	12,505	-873	-21,375	20,343	-1,276	-58,983	-10,824	18,333	53,507	-10,011	12,400	-11,080	-3,000	14,080
overdraft	20	-71,011	-32,759	-1,652	105,422	-36,811	-3,915	22,052	18,674	0	0	0	0	0	0
change in cash	-1,482	83,516	31,886	-19,723	-85,079	35,535	-55,068	-32,876	-341	53,507	-10,011	12,400	-11,080	-3,000	14,080

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERGE SERVICES LIMITED group structure

Merge Services Limited has no subsidiary companies.

Ultimate parent company

MERGE SERVICES LIMITED

06091253

MERGE SERVICES LIMITED Shareholders

carwyn morgan

100%

Merge Services Limited currently has 1 director, Mr Carwyn Morgan serving since Feb 2007.

officer	country	age	start	end	role
Mr Carwyn Morgan		41 years	Feb 2007	-	Director

P&L

February 2024

turnover

1.5m

operating profit

484.8

gross margin

30.4%

+10.22%

turnover

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

Balance Sheet

February 2024

net assets

401.3k

-0.01%

total assets

835.6k

-0.01%

cash

12.3k

-0.11%

net assets

Total assets minus all liabilities

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4.5

company number

06091253

Type

Private limited with Share Capital

industry

43320 - Joinery installation

incorporation date

February 2007

ultimate parent company

None

previous names

N/A

address

unit 8b trostre business park, llanelli, SA14 9UU

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 5 charges/mortgages relating to merge services limited. Currently there are 0 open charges and 5 have been satisfied in the past.

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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merge services limited Company Information

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merge services limited Estimated Valuation

merge services limited Estimated Valuation

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