mercantile trust limited
mercantile trust limited Company Information
Company Number
07023863
Next Accounts
Sep 2025
Shareholders
norfolk capital limited
Group Structure
View All
Industry
Activities of mortgage finance companies
Registered Address
25-27 surrey street, norwich, norfolk, NR1 3NX
mercantile trust limited Estimated Valuation
Pomanda estimates the enterprise value of MERCANTILE TRUST LIMITED at £6.2m based on a Turnover of £2.7m and 2.34x industry multiple (adjusted for size and gross margin).
mercantile trust limited Estimated Valuation
Pomanda estimates the enterprise value of MERCANTILE TRUST LIMITED at £4.1m based on an EBITDA of £412k and a 9.88x industry multiple (adjusted for size and gross margin).
mercantile trust limited Estimated Valuation
Pomanda estimates the enterprise value of MERCANTILE TRUST LIMITED at £44.2m based on Net Assets of £12.3m and 3.6x industry multiple (adjusted for liquidity).
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Mercantile Trust Limited Overview
Mercantile Trust Limited is a live company located in norfolk, NR1 3NX with a Companies House number of 07023863. It operates in the activities of mortgage finance companies sector, SIC Code 64922. Founded in September 2009, it's largest shareholder is norfolk capital limited with a 100% stake. Mercantile Trust Limited is a established, small sized company, Pomanda has estimated its turnover at £2.7m with low growth in recent years.
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Mercantile Trust Limited Health Check
Pomanda's financial health check has awarded Mercantile Trust Limited a 5 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
5 Strong
1 Regular
4 Weak
Size
annual sales of £2.7m, make it smaller than the average company (£6m)
£2.7m - Mercantile Trust Limited
£6m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6.6%)
2% - Mercantile Trust Limited
6.6% - Industry AVG
Production
with a gross margin of 51%, this company has a lower cost of product (33.1%)
51% - Mercantile Trust Limited
33.1% - Industry AVG
Profitability
an operating margin of 15.5% make it more profitable than the average company (11.8%)
15.5% - Mercantile Trust Limited
11.8% - Industry AVG
Employees
with 9 employees, this is below the industry average (12)
9 - Mercantile Trust Limited
12 - Industry AVG
Pay Structure
on an average salary of £54.4k, the company has an equivalent pay structure (£52.4k)
£54.4k - Mercantile Trust Limited
£52.4k - Industry AVG
Efficiency
resulting in sales per employee of £294.6k, this is more efficient (£220.5k)
£294.6k - Mercantile Trust Limited
£220.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mercantile Trust Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (11 days)
3 days - Mercantile Trust Limited
11 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mercantile Trust Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 347 weeks, this is more cash available to meet short term requirements (18 weeks)
347 weeks - Mercantile Trust Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.6%, this is a lower level of debt than the average (93%)
48.6% - Mercantile Trust Limited
93% - Industry AVG
MERCANTILE TRUST LIMITED financials
Mercantile Trust Limited's latest turnover from December 2023 is £2.7 million and the company has net assets of £12.3 million. According to their latest financial statements, Mercantile Trust Limited has 9 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 2,651,000 | 2,425,000 | 2,567,000 | 2,467,000 | 2,518,000 | 2,486,000 | 1,365,000 | 416,000 | 684,000 | 791,000 | 969,000 | 1,261,000 | 1,326,000 | 1,274,000 | |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 1,299,000 | 1,103,000 | 1,479,000 | 1,394,000 | 1,697,000 | 1,319,000 | 727,000 | 216,000 | 12,000 | 3,000 | 2,000 | 2,000 | 5,000 | 12,000 | |
| Gross Profit | 1,352,000 | 1,322,000 | 1,088,000 | 1,073,000 | 821,000 | 1,167,000 | 638,000 | 200,000 | 672,000 | 788,000 | 967,000 | 1,259,000 | 1,321,000 | 1,262,000 | |
| Admin Expenses | 940,000 | 1,048,000 | 749,000 | 596,000 | 485,000 | 407,000 | 191,000 | 134,000 | 521,000 | 670,000 | 823,000 | 1,072,000 | 1,126,000 | 916,000 | 2,244 |
| Operating Profit | 412,000 | 274,000 | 339,000 | 477,000 | 336,000 | 760,000 | 447,000 | 66,000 | 151,000 | 118,000 | 144,000 | 187,000 | 195,000 | 346,000 | -2,244 |
| Interest Payable | 453,000 | ||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 412,000 | 274,000 | 339,000 | 477,000 | 336,000 | 760,000 | 447,000 | 66,000 | 151,000 | 118,000 | 3,840,000 | 187,000 | 5,348,000 | 346,000 | -2,244 |
| Tax | -97,000 | -52,000 | -64,000 | -91,000 | -63,000 | -144,000 | -86,000 | -13,000 | -38,000 | 1,000 | -15,000 | -12,000 | 53,000 | ||
| Profit After Tax | 315,000 | 222,000 | 275,000 | 386,000 | 273,000 | 616,000 | 361,000 | 53,000 | 113,000 | 119,000 | 3,825,000 | 175,000 | 5,401,000 | 346,000 | -2,244 |
| Dividends Paid | 1,887,000 | 17,500,000 | 28,531,000 | ||||||||||||
| Retained Profit | 315,000 | 222,000 | 275,000 | 386,000 | 273,000 | 616,000 | -1,526,000 | 53,000 | 113,000 | 119,000 | -13,675,000 | 175,000 | -23,130,000 | 346,000 | -2,244 |
| Employee Costs | 490,000 | 647,000 | 383,000 | 241,000 | 202,000 | 237,000 | 125,000 | 41,000 | 219,000 | 329,000 | 446,000 | 598,000 | 626,000 | 542,000 | |
| Number Of Employees | 9 | 11 | 8 | 5 | 4 | 5 | 3 | 1 | 7 | 9 | 12 | 16 | 18 | 17 | |
| EBITDA* | 412,000 | 274,000 | 339,000 | 477,000 | 336,000 | 760,000 | 447,000 | 66,000 | 151,000 | 118,000 | 144,000 | 187,000 | 195,000 | 346,000 | -2,244 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 1,887,000 | 1,887,000 | 1,887,000 | 1,887,000 | 15,691,000 | 15,691,000 | 38,723,000 | 38,722,981 | |||||||
| Debtors (Due After 1 year) | 20,641,000 | 16,345,000 | 17,917,000 | 19,808,000 | 18,854,000 | 19,469,000 | 15,970,000 | 6,755,000 | 1,429,000 | ||||||
| Total Fixed Assets | 20,641,000 | 16,345,000 | 17,917,000 | 19,808,000 | 18,854,000 | 19,469,000 | 15,970,000 | 8,642,000 | 3,316,000 | 1,887,000 | 1,887,000 | 15,691,000 | 15,691,000 | 38,723,000 | 38,722,981 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 1,000 | ||||||||||||||
| Group Debtors | 1,532,000 | 834,000 | 2,187,000 | 11,000 | 23,000 | 55,000 | 4,000 | 89,000 | 119,000 | 520,000 | 1,615,000 | 222,000 | 345,000 | 97,281 | |
| Misc Debtors | 248,000 | 166,000 | 239,000 | 2,089,000 | 843,000 | 3,050,000 | 1,333,000 | 562,000 | 516,000 | 38,000 | 34,000 | 52,000 | 56,000 | 2,000 | 5,199 |
| Cash | 1,470,000 | 1,549,000 | 2,515,000 | 1,639,000 | 904,000 | 1,677,000 | 466,000 | 172,000 | 267,000 | 551,000 | 39,000 | 21,000 | 23,000 | 16,000 | |
| misc current assets | |||||||||||||||
| total current assets | 3,250,000 | 2,549,000 | 4,941,000 | 3,739,000 | 1,770,000 | 4,782,000 | 1,804,000 | 734,000 | 872,000 | 708,000 | 593,000 | 1,688,000 | 301,000 | 363,000 | 102,480 |
| total assets | 23,891,000 | 18,894,000 | 22,858,000 | 23,547,000 | 20,624,000 | 24,251,000 | 17,774,000 | 9,376,000 | 4,188,000 | 2,595,000 | 2,480,000 | 17,379,000 | 15,992,000 | 39,086,000 | 38,825,461 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 13,000 | 17,000 | 2,000 | 8,000 | 4,000 | 7,000 | 5,000 | 15,000 | 20,000 | 35,000 | 10,000 | 102,380 | |||
| Group/Directors Accounts | 19,000 | 16,000 | 2,000 | 3,276,000 | 3,086,000 | 3,301,000 | 5,756,000 | 36,000 | 82,000 | 10,000 | 5,000 | 1,227,000 | 5,000 | 8,000 | |
| other short term finances | 4,500,000 | 4,500,000 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 188,000 | 119,000 | 259,000 | 278,000 | 307,000 | 494,000 | 315,000 | 118,000 | 37,000 | 24,000 | 23,000 | 20,000 | 15,000 | 1,000 | 2,244 |
| total current liabilities | 220,000 | 152,000 | 261,000 | 3,556,000 | 3,401,000 | 3,799,000 | 10,578,000 | 4,654,000 | 119,000 | 39,000 | 43,000 | 1,267,000 | 55,000 | 19,000 | 104,624 |
| loans | 11,388,000 | 6,774,000 | 10,851,000 | 11,520,000 | 9,138,000 | 12,640,000 | 1,400,000 | ||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 11,388,000 | 6,774,000 | 10,851,000 | 11,520,000 | 9,138,000 | 12,640,000 | 1,400,000 | ||||||||
| total liabilities | 11,608,000 | 6,926,000 | 11,112,000 | 15,076,000 | 12,539,000 | 16,439,000 | 10,578,000 | 4,654,000 | 1,519,000 | 39,000 | 43,000 | 1,267,000 | 55,000 | 19,000 | 104,624 |
| net assets | 12,283,000 | 11,968,000 | 11,746,000 | 8,471,000 | 8,085,000 | 7,812,000 | 7,196,000 | 4,722,000 | 2,669,000 | 2,556,000 | 2,437,000 | 16,112,000 | 15,937,000 | 39,067,000 | 38,720,837 |
| total shareholders funds | 12,283,000 | 11,968,000 | 11,746,000 | 8,471,000 | 8,085,000 | 7,812,000 | 7,196,000 | 4,722,000 | 2,669,000 | 2,556,000 | 2,437,000 | 16,112,000 | 15,937,000 | 39,067,000 | 38,720,837 |
| Dec 2023 | 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 | 412,000 | 274,000 | 339,000 | 477,000 | 336,000 | 760,000 | 447,000 | 66,000 | 151,000 | 118,000 | 144,000 | 187,000 | 195,000 | 346,000 | -2,244 |
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -97,000 | -52,000 | -64,000 | -91,000 | -63,000 | -144,000 | -86,000 | -13,000 | -38,000 | 1,000 | -15,000 | -12,000 | 53,000 | ||
| Stock | |||||||||||||||
| Debtors | 5,076,000 | -2,998,000 | -1,565,000 | 2,188,000 | -2,854,000 | 5,266,000 | 9,991,000 | 5,283,000 | 1,877,000 | -397,000 | -1,113,000 | 1,389,000 | -69,000 | 244,520 | 102,480 |
| Creditors | -4,000 | 17,000 | -2,000 | -6,000 | 4,000 | -3,000 | 7,000 | -5,000 | -10,000 | -5,000 | -15,000 | 25,000 | -92,380 | 102,380 | |
| Accruals and Deferred Income | 69,000 | -140,000 | -19,000 | -29,000 | -187,000 | 179,000 | 197,000 | 81,000 | 13,000 | 1,000 | 3,000 | 5,000 | 14,000 | -1,244 | 2,244 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -4,696,000 | 3,097,000 | 1,819,000 | -1,837,000 | 2,944,000 | -4,474,000 | -9,426,000 | -5,149,000 | -1,756,000 | 507,000 | 1,240,000 | -1,224,000 | 356,000 | 7,856 | -100 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -1,887,000 | -13,804,000 | -23,032,000 | 19 | 38,722,981 | ||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 3,000 | 14,000 | -3,274,000 | 190,000 | -215,000 | -2,455,000 | 5,720,000 | -46,000 | 72,000 | 5,000 | -1,222,000 | 1,222,000 | -3,000 | 8,000 | |
| Other Short Term Loans | -4,500,000 | 4,500,000 | |||||||||||||
| Long term loans | 4,614,000 | -4,077,000 | -669,000 | 2,382,000 | -3,502,000 | 12,640,000 | -1,400,000 | 1,400,000 | |||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -453,000 | ||||||||||||||
| cash flow from financing | 4,617,000 | -4,063,000 | -943,000 | 2,572,000 | -3,717,000 | 5,685,000 | 9,267,000 | 5,054,000 | 1,472,000 | 5,000 | -1,222,000 | 1,222,000 | -3,000 | 8,163 | 38,723,081 |
| cash and cash equivalents | |||||||||||||||
| cash | -79,000 | -966,000 | 876,000 | 735,000 | -773,000 | 1,211,000 | 294,000 | -95,000 | -284,000 | 512,000 | 18,000 | -2,000 | 7,000 | 16,000 | |
| overdraft | |||||||||||||||
| change in cash | -79,000 | -966,000 | 876,000 | 735,000 | -773,000 | 1,211,000 | 294,000 | -95,000 | -284,000 | 512,000 | 18,000 | -2,000 | 7,000 | 16,000 |
mercantile trust limited Credit Report and Business Information
Mercantile Trust Limited Competitor Analysis
Perform a competitor analysis for mercantile trust limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in NR1 area or any other competitors across 12 key performance metrics.
mercantile trust limited Ownership
MERCANTILE TRUST LIMITED group structure
Mercantile Trust Limited has 1 subsidiary company.
Ultimate parent company
1 parent
MERCANTILE TRUST LIMITED
07023863
1 subsidiary
mercantile trust limited directors
Mercantile Trust Limited currently has 6 directors. The longest serving directors include Mrs Maureen Pooley (Sep 2009) and Mr Andrew Turner (Sep 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Maureen Pooley | 78 years | Sep 2009 | - | Director | |
| Mr Andrew Turner | England | 66 years | Sep 2009 | - | Director |
| Ms Debbie Burton | England | 53 years | Feb 2015 | - | Director |
| Mr Paul Hollander | England | 44 years | Jan 2017 | - | Director |
| Mr Carl Astley | England | 50 years | Sep 2021 | - | Director |
| Mrs Tara Evans | England | 42 years | Jan 2025 | - | Director |
P&L
December 2023turnover
2.7m
+9%
operating profit
412k
+50%
gross margin
51%
-6.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
12.3m
+0.03%
total assets
23.9m
+0.26%
cash
1.5m
-0.05%
net assets
Total assets minus all liabilities
mercantile trust limited company details
company number
07023863
Type
Private limited with Share Capital
industry
64922 - Activities of mortgage finance companies
incorporation date
September 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
central lending servicing limited (November 2015)
accountant
-
auditor
LOVEWELL BLAKE LLP
address
25-27 surrey street, norwich, norfolk, NR1 3NX
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
mercantile trust limited 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 found 52 charges/mortgages relating to mercantile trust limited. Currently there are 1 open charges and 51 have been satisfied in the past.
mercantile trust limited 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.
Click to start generating capital raising & share issue transactions for MERCANTILE TRUST LIMITED. This can take several minutes, an email will notify you when this has completed.
mercantile trust limited Companies House Filings - See Documents
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