Merrow Language Recruitment Limited

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merrow language recruitment limited Company Information

Live

EstablishedSmallDeclining

Company Number

06214197

Website

http://originmultilingual.com

Registered Address

east wing goffs oak house, goffs lane, goffs oak, hertfordshire, EN7 5GE

Industry

Temporary employment agency activities

Telephone

02034684181

Next Accounts Due

July 2025

Group Structure

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Directors

Aytac Irfan8 Years

Alex Watson7 Years

Shareholders

irfan holdings limited 82%

alex watson 18%

merrow language recruitment limited Estimated Valuation

£213.6k

Pomanda estimates the enterprise value of MERROW LANGUAGE RECRUITMENT LIMITED at £213.6k based on a Turnover of £1.3m and 0.16x industry multiple (adjusted for size and gross margin).

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Merrow Language Recruitment Limited is a live company located in goffs oak, EN7 5GE with a Companies House number of 06214197. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in April 2007, it's largest shareholder is irfan holdings limited with a 82% stake. Merrow Language Recruitment Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Merrow Language Recruitment Limited a 3 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

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£14.4m)

Growth

3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (4.7%)

EXPORT

Merrow Language Recruitment Limited's latest turnover from October 2023 is estimated at £1.3 million and the company has net assets of -£15.4 thousand. According to their latest financial statements, Merrow Language Recruitment Limited has 13 employees and maintains cash reserves of £16.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,295,654	1,402,963	1,706,799	2,729,169	2,616,993	2,126,407	1,823,428	1,829,350	2,061,513	2,677,116	2,361,129	2,643,637	2,898,888	3,281,364
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,068,968	1,161,455	1,457,822	2,277,173	2,176,044	1,758,271	1,505,583	1,516,685	1,701,551	2,196,698	1,942,051	2,178,060	2,359,365	2,622,916
Gross Profit	226,686	241,508	248,977	451,996	440,948	368,137	317,845	312,665	359,963	480,418	419,078	465,577	539,523	658,448
Admin Expenses	250,101	228,569	254,040	462,574	467,900	360,825	278,255	285,534	396,172	458,963	423,839	502,153	499,667	643,049
Operating Profit	-23,415	12,939	-5,063	-10,578	-26,952	7,312	39,590	27,131	-36,209	21,455	-4,761	-36,576	39,856	15,399
Interest Payable	4,217	1,787	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,821	1,686	74	34	109	68	38	141	230	195	97	251	576	362
Pre-Tax Profit	-25,811	12,838	-4,989	-10,544	-26,843	7,380	39,628	27,273	-35,979	21,649	-4,664	-36,325	40,432	15,761
Tax	0	-2,439	0	0	0	-1,402	-7,529	-5,454	0	-4,546	0	0	-10,512	-4,413
Profit After Tax	-25,811	10,399	-4,989	-10,544	-26,843	5,978	32,099	21,818	-35,979	17,103	-4,664	-36,325	29,920	11,348
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-25,811	10,399	-4,989	-10,544	-26,843	5,978	32,099	21,818	-35,979	17,103	-4,664	-36,325	29,920	11,348
Employee Costs	637,329	629,918	671,803	907,699	857,654	662,369	659,743	307,548	302,909	376,688	335,255	372,887	385,879	496,725
Number Of Employees	13	13	16	22	22	17	17	8	8	10	9	10	11	14
EBITDA*	-22,547	14,521	-1,726	-3,120	-19,643	21,163	53,442	38,852	-27,113	30,459	4,243	-27,572	44,418	15,399

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	37	905	2,487	3,543	447	402	7,410	5,900	278	2,160	4,321	6,482	0	0
Intangible Assets	0	0	0	2,281	9,124	15,967	22,810	29,653	36,496	43,339	50,182	57,025	63,868	0
Investments & Other	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
Total Fixed Assets	37	905	2,487	5,824	9,571	16,369	30,220	35,553	36,774	45,499	54,503	63,507	63,868	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	37,033	39,586	10,792	30,458	109,443	89,375	69,306	50,571	47,773	97,576	88,251	115,648	116,236	127,125
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	5,687	4,993	1,429	8,662	1,267	1,195	22,192	0	0	0	0	0	0	0
Cash	16,165	56,680	93,224	54,059	14,167	14,958	12,196	18,455	38,134	53,986	23,822	14,895	85,698	144,784
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	58,885	101,259	105,445	93,179	124,877	105,528	103,694	69,026	85,907	151,562	112,073	130,543	201,934	271,909
total assets	58,922	102,164	107,932	99,003	134,448	121,897	133,914	104,579	122,681	197,061	166,576	194,050	265,802	271,909
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	10,000	10,000	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	27,653	29,845	51,872	88,076	56,652	54,680	47,472	100,247	120,478	158,879	145,497	168,307	203,734	239,761
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	13,315	18,554	6,027	5,905	62,230	24,808	50,011	0	0	0	0	0	0	0
total current liabilities	50,968	58,399	57,899	93,981	118,882	79,488	97,483	100,247	120,478	158,879	145,497	168,307	203,734	239,761
loans	23,333	33,333	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	50,000	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	23,333	33,333	50,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	74,301	91,732	107,899	93,981	118,882	79,488	97,483	100,247	120,478	158,879	145,497	168,307	203,734	239,761
net assets	-15,379	10,432	33	5,022	15,566	42,409	36,431	4,332	2,203	38,182	21,079	25,743	62,068	32,148
total shareholders funds	-15,379	10,432	33	5,022	15,566	42,409	36,431	4,332	2,203	38,182	21,079	25,743	62,068	32,148

	Oct 2023	Oct 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-23,415	12,939	-5,063	-10,578	-26,952	7,312	39,590	27,131	-36,209	21,455	-4,761	-36,576	39,856	15,399
Depreciation	868	1,582	1,056	615	466	7,008	7,009	4,878	2,253	2,161	2,161	2,161	0	0
Amortisation	0	0	2,281	6,843	6,843	6,843	6,843	6,843	6,843	6,843	6,843	6,843	4,562	0
Tax	0	-2,439	0	0	0	-1,402	-7,529	-5,454	0	-4,546	0	0	-10,512	-4,413
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,859	32,358	-26,899	-71,590	20,140	-928	40,927	2,798	-49,803	9,325	-27,397	-588	-10,889	127,125
Creditors	-2,192	-22,027	-36,204	31,424	1,972	7,208	-52,775	-20,231	-38,401	13,382	-22,810	-35,427	-36,027	239,761
Accruals and Deferred Income	-5,239	12,527	122	-56,325	37,422	-25,203	50,011	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-28,119	-29,776	-10,909	43,569	-389	2,694	2,222	10,369	-15,711	29,970	8,830	-62,411	8,768	123,622
Investing Activities
capital expenditure	0	0	0	-3,711	-511	0	-8,519	-10,500	-371	0	0	-8,643	-68,430	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	-3,711	-511	0	-8,519	-10,500	-371	0	0	-8,643	-68,430	0
Financing Activities
Bank loans	0	10,000	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	33,333	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	-50,000	50,000	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-19,689	0	0	0	0	0	20,800
interest	-2,396	-101	74	34	109	68	38	141	230	195	97	251	576	362
cash flow from financing	-12,396	-6,768	50,074	34	109	68	38	-19,548	230	195	97	251	576	21,162
cash and cash equivalents
cash	-40,515	-36,544	39,165	39,892	-791	2,762	-6,259	-19,679	-15,852	30,164	8,927	-70,803	-59,086	144,784
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-40,515	-36,544	39,165	39,892	-791	2,762	-6,259	-19,679	-15,852	30,164	8,927	-70,803	-59,086	144,784

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERROW LANGUAGE RECRUITMENT LIMITED group structure

Merrow Language Recruitment Limited has no subsidiary companies.

Ultimate parent company

IRFAN HOLDINGS LIMITED

11634703

1 parent

MERROW LANGUAGE RECRUITMENT LIMITED

06214197

MERROW LANGUAGE RECRUITMENT LIMITED Shareholders

irfan holdings limited	82%
alex watson	18%

Merrow Language Recruitment Limited currently has 2 directors. The longest serving directors include Mr Aytac Irfan (Sep 2016) and Mr Alex Watson (Sep 2017).

officer	country	age	start	end	role
Mr Aytac Irfan	United Kingdom	43 years	Sep 2016	-	Director
Mr Alex Watson		47 years	Sep 2017	-	Director

P&L

October 2023

turnover

1.3m

-8%

operating profit

-23.4k

gross margin

17.5%

+1.64%

turnover

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

Balance Sheet

October 2023

net assets

-15.4k

-2.47%

total assets

58.9k

-0.42%

cash

16.2k

-0.71%

net assets

Total assets minus all liabilities

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company number

06214197

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

April 2007

accounts

Total Exemption Full

ultimate parent company

IRFAN HOLDINGS LIMITED

previous names

goldburgh limited (June 2007)

last accounts submitted

October 2023

address

east wing goffs oak house, goffs lane, goffs oak, hertfordshire, EN7 5GE

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.

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merrow language recruitment limited Company Information

merrow language recruitment limited Estimated Valuation

merrow language recruitment limited Estimated Valuation

merrow language recruitment limited Estimated Valuation

Merrow Language Recruitment Limited Overview

Merrow Language Recruitment Limited Health Check

MERROW LANGUAGE RECRUITMENT LIMITED financials

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merrow language recruitment limited Ownership

merrow language recruitment limited directors

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