Mercantile Ventures Limited

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mercantile ventures limited Company Information

Live

EstablishedMidHigh

Company Number

06613191

Website

https://www.vivasanitary.co.uk

Registered Address

richard house winckley square, preston, lancashire pr1 3hp, PR2 9UP

Industry

Wholesale of hardware, plumbing and heating equipment and supplies

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Paul Illingworth15 Years

Ann Illingworth12 Years

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Shareholders

ann stephanie illingworth 21%

ann illingworth 21%

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mercantile ventures limited Estimated Valuation

£6m

Pomanda estimates the enterprise value of MERCANTILE VENTURES LIMITED at £6m based on Net Assets of £3.3m and 1.82x industry multiple (adjusted for liquidity).

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Mercantile Ventures Limited is a live company located in lancashire pr1 3hp, PR2 9UP with a Companies House number of 06613191. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in June 2008, it's largest shareholder is ann stephanie illingworth with a 21% stake. Mercantile Ventures Limited is a established, mid sized company, Pomanda has estimated its turnover at £8.1m with high growth in recent years.

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Pomanda's financial health check has awarded Mercantile Ventures Limited a 4.5 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 Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £8.1m, make it smaller than the average company (£17.6m)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5.8%)

EXPORT

Mercantile Ventures Limited's latest turnover from March 2023 is estimated at £8.1 million and the company has net assets of £3.3 million. According to their latest financial statements, Mercantile Ventures Limited has 18 employees and maintains cash reserves of £90.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	8,094,650	7,155,555	4,891,874	4,276,057	3,593,202	3,019,321	3,048,016	2,419,381	2,800,359	2,530,373	1,750,679	1,125,989	887,950	661,243
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,887,485	5,226,997	3,617,414	3,105,484	2,609,053	2,187,522	2,194,626	1,733,023	2,016,877	1,823,372	1,244,994	794,268	645,781	473,839
Gross Profit	2,207,166	1,928,558	1,274,460	1,170,573	984,148	831,798	853,389	686,358	783,483	707,001	505,685	331,721	242,169	187,404
Admin Expenses	1,464,681	1,184,800	837,526	985,179	669,916	599,745	603,618	313,393	496,427	517,469	339,674	99,686	172,238	228,696
Operating Profit	742,485	743,758	436,934	185,394	314,232	232,053	249,771	372,965	287,056	189,532	166,011	232,035	69,931	-41,292
Interest Payable	14,948	14,062	7,307	0	0	0	0	0	0	0	4,871	6,109	1,238	0
Interest Receivable	10,120	1,874	69	26	211	362	201	380	351	270	321	155	53	29
Pre-Tax Profit	737,657	731,570	429,695	185,420	314,443	232,415	249,973	373,345	287,406	189,801	161,461	226,081	68,746	-41,263
Tax	-140,155	-138,998	-81,642	-35,230	-59,744	-44,159	-49,994	-74,669	-60,355	-43,654	-38,751	-58,781	-19,249	0
Profit After Tax	597,502	592,572	348,053	150,190	254,699	188,256	199,978	298,676	227,051	146,147	122,710	167,300	49,497	-41,263
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	597,502	592,572	348,053	150,190	254,699	188,256	199,978	298,676	227,051	146,147	122,710	167,300	49,497	-41,263
Employee Costs	725,863	662,716	491,527	408,722	429,603	414,955	391,948	344,308	346,856	362,709	244,288	146,425	122,106	121,982
Number Of Employees	18	17	14	12	12	12	12	11	11	12	8	5	4	4
EBITDA*	783,903	781,720	476,034	201,705	335,792	252,108	272,285	395,234	306,943	207,929	176,228	240,516	73,386	-39,548

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	182,665	124,040	143,732	133,799	20,580	24,379	41,381	60,625	65,559	68,256	34,768	33,071	14,017	7,226
Intangible Assets	0	0	0	0	0	0	309	1,988	3,662	5,336	7,010	8,685	5,309	1,555
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	182,665	124,040	143,732	133,799	20,580	24,379	41,690	62,613	69,221	73,592	41,778	41,756	19,326	8,781
Stock & work in progress	2,888,864	2,088,062	1,751,315	1,225,298	1,034,639	904,429	956,810	637,681	568,717	521,344	253,192	171,877	107,382	72,283
Trade Debtors	1,885,869	1,634,184	1,131,587	958,313	980,487	800,727	700,317	554,259	526,998	444,011	335,793	264,241	158,611	81,156
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	422,705	734,121	215,496	127,974	132,256	109,528	120,170	129,918	0	0	0	1,300	0	0
Cash	90,188	386,034	113,805	23,727	28,562	27,762	117,092	43,713	108,328	31,884	75,967	52,255	9,585	11,603
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,287,626	4,842,401	3,212,203	2,335,312	2,175,944	1,842,446	1,894,389	1,365,571	1,204,043	997,239	664,952	489,673	275,578	165,042
total assets	5,470,291	4,966,441	3,355,935	2,469,111	2,196,524	1,866,825	1,936,079	1,428,184	1,273,264	1,070,831	706,730	531,429	294,904	173,823
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	62,500	62,500	62,500	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	713,287	650,536	360,052	401,695	84,971	22,882	228,718	142,454	587,543	606,589	401,433	199,314	246,151	214,987
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	149,868	38,098	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,234,779	1,358,851	618,225	279,025	495,253	481,445	530,195	303,387	0	0	0	0	0	0
total current liabilities	2,010,566	2,071,887	1,040,777	680,720	580,224	504,327	758,913	445,841	587,543	606,589	401,433	349,182	284,249	214,987
loans	52,083	114,583	177,083	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	31,091	0	0	0	0	0	0	0	1,068	6,100	0	0	0	0
provisions	75,083	76,005	26,681	25,050	3,149	4,046	6,970	12,125	13,111	13,651	6,953	6,614	2,322	0
total long term liabilities	158,257	190,588	203,764	25,050	3,149	4,046	6,970	12,125	14,179	19,751	6,953	6,614	2,322	0
total liabilities	2,168,823	2,262,475	1,244,541	705,770	583,373	508,373	765,883	457,966	601,722	626,340	408,386	355,796	286,571	214,987
net assets	3,301,468	2,703,966	2,111,394	1,763,341	1,613,151	1,358,452	1,170,196	970,218	671,542	444,491	298,344	175,633	8,333	-41,164
total shareholders funds	3,301,468	2,703,966	2,111,394	1,763,341	1,613,151	1,358,452	1,170,196	970,218	671,542	444,491	298,344	175,633	8,333	-41,164

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	742,485	743,758	436,934	185,394	314,232	232,053	249,771	372,965	287,056	189,532	166,011	232,035	69,931	-41,292
Depreciation	41,418	37,962	39,100	16,311	21,560	19,746	20,836	20,595	18,213	16,723	8,542	6,806	2,927	1,469
Amortisation	0	0	0	0	0	309	1,678	1,674	1,674	1,674	1,675	1,675	528	275
Tax	-140,155	-138,998	-81,642	-35,230	-59,744	-44,159	-49,994	-74,669	-60,355	-43,654	-38,751	-58,781	-19,249	0
Stock	800,802	336,747	526,017	190,659	130,210	-52,381	319,129	68,964	47,373	268,152	81,315	64,495	35,099	72,283
Debtors	-59,731	1,021,222	260,796	-26,456	202,488	89,768	136,310	157,179	82,987	108,218	70,252	106,930	77,455	81,156
Creditors	62,751	290,484	-41,643	316,724	62,089	-205,836	86,264	-445,089	-19,046	205,156	202,119	-46,837	31,164	214,987
Accruals and Deferred Income	-124,072	740,626	339,200	-216,228	13,808	-48,750	226,808	303,387	0	0	0	0	0	0
Deferred Taxes & Provisions	-922	49,324	1,631	21,901	-897	-2,924	-5,155	-986	-540	6,698	339	4,292	2,322	0
Cash flow from operations	-159,566	365,187	-93,233	124,669	18,350	-86,948	74,769	-48,266	96,642	-241	188,368	-32,235	-24,931	22,000
Investing Activities
capital expenditure	-100,043	-18,270	-49,033	-129,530	-17,761	-2,744	-1,591	-15,661	-15,516	-50,211	-10,239	-30,911	-14,000	-10,525
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-100,043	-18,270	-49,033	-129,530	-17,761	-2,744	-1,591	-15,661	-15,516	-50,211	-10,239	-30,911	-14,000	-10,525
Financing Activities
Bank loans	0	0	62,500	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	-149,868	111,770	38,098	0
Long term loans	-62,500	-62,500	177,083	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	31,091	0	0	0	0	0	0	-1,068	-5,032	6,100	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	1	0	0	99
interest	-4,828	-12,188	-7,238	26	211	362	201	380	351	270	-4,550	-5,954	-1,185	29
cash flow from financing	-36,237	-74,688	232,345	26	211	362	201	-688	-4,681	6,370	-154,417	105,816	36,913	128
cash and cash equivalents
cash	-295,846	272,229	90,078	-4,835	800	-89,330	73,379	-64,615	76,444	-44,083	23,712	42,670	-2,018	11,603
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-295,846	272,229	90,078	-4,835	800	-89,330	73,379	-64,615	76,444	-44,083	23,712	42,670	-2,018	11,603

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERCANTILE VENTURES LIMITED group structure

Mercantile Ventures Limited has no subsidiary companies.

Ultimate parent company

MERCANTILE VENTURES LIMITED

06613191

MERCANTILE VENTURES LIMITED Shareholders

ann stephanie illingworth	21%
ann illingworth	21%
judy illingworth	21%
jian jun tao	19%
paul david illingworth	9%
allan hanson	9%

Mercantile Ventures Limited currently has 5 directors. The longest serving directors include Mr Paul Illingworth (Oct 2008) and Ms Ann Illingworth (Jun 2012).

officer	age	start	end	role
Mr Paul Illingworth	40 years	Oct 2008	-	Director
Ms Ann Illingworth	58 years	Jun 2012	-	Director
Ms Ann Illingworth	62 years	Jun 2012	-	Director
Ms Judy Illingworth	60 years	Jun 2012	-	Director
Mr Allan Hanson	38 years	Jan 2016	-	Director

P&L

March 2023

turnover

8.1m

+13%

operating profit

742.5k

gross margin

27.3%

+1.17%

turnover

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

Balance Sheet

March 2023

net assets

3.3m

+0.22%

total assets

5.5m

+0.1%

cash

90.2k

-0.77%

net assets

Total assets minus all liabilities

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company number

06613191

Type

Private limited with Share Capital

industry

46740 - Wholesale of hardware, plumbing and heating equipment and supplies

incorporation date

June 2008

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

richard house winckley square, preston, lancashire pr1 3hp, PR2 9UP

last accounts submitted

March 2023

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 2 charges/mortgages relating to mercantile ventures limited. Currently there are 2 open charges and 0 have been satisfied in the past.

mercantile ventures limited Company Information

mercantile ventures limited Estimated Valuation

mercantile ventures limited Estimated Valuation

mercantile ventures limited Estimated Valuation

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MERCANTILE VENTURES LIMITED financials

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