merry island trading company limited
merry island trading company limited Company Information
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
21 arlington street, london, SW1A 1RN
Website
http://mitcltd.commerry island trading company limited Estimated Valuation
Pomanda estimates the enterprise value of MERRY ISLAND TRADING COMPANY LIMITED at £121.5k based on a Turnover of £157.4k and 0.77x industry multiple (adjusted for size and gross margin).
merry island trading company limited Estimated Valuation
Pomanda estimates the enterprise value of MERRY ISLAND TRADING COMPANY LIMITED at £0 based on an EBITDA of £-8.8k and a 2.66x industry multiple (adjusted for size and gross margin).
merry island trading company limited Estimated Valuation
Pomanda estimates the enterprise value of MERRY ISLAND TRADING COMPANY LIMITED at £0 based on Net Assets of £-72.3k and 1.31x industry multiple (adjusted for liquidity).
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Merry Island Trading Company Limited Overview
Merry Island Trading Company Limited is a live company located in london, SW1A 1RN with a Companies House number of 07161528. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in February 2010, it's largest shareholder is william john tyne with a 100% stake. Merry Island Trading Company Limited is a established, micro sized company, Pomanda has estimated its turnover at £157.4k with high growth in recent years.
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Merry Island Trading Company Limited Health Check
Pomanda's financial health check has awarded Merry Island Trading Company Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £157.4k, make it smaller than the average company (£5.3m)
- Merry Island Trading Company Limited
£5.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.4%)
- Merry Island Trading Company Limited
6.4% - Industry AVG
Production
with a gross margin of 13%, this company has a higher cost of product (54.7%)
- Merry Island Trading Company Limited
54.7% - Industry AVG
Profitability
an operating margin of -5.6% make it less profitable than the average company (9.1%)
- Merry Island Trading Company Limited
9.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (12)
2 - Merry Island Trading Company Limited
12 - Industry AVG
Pay Structure
on an average salary of £79.5k, the company has an equivalent pay structure (£79.5k)
- Merry Island Trading Company Limited
£79.5k - Industry AVG
Efficiency
resulting in sales per employee of £78.7k, this is less efficient (£217.1k)
- Merry Island Trading Company Limited
£217.1k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (32 days)
- Merry Island Trading Company Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 268 days, this is slower than average (41 days)
- Merry Island Trading Company Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Merry Island Trading Company Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Merry Island Trading Company Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 349.4%, this is a higher level of debt than the average (70%)
349.4% - Merry Island Trading Company Limited
70% - Industry AVG
MERRY ISLAND TRADING COMPANY LIMITED financials
Merry Island Trading Company Limited's latest turnover from February 2024 is estimated at £157.4 thousand and the company has net assets of -£72.3 thousand. According to their latest financial statements, Merry Island Trading Company Limited has 2 employees and maintains cash reserves of 0 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 119,040 | 85,495 | 74,978 | |||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | -1,664 | -26,966 | -9,423 | |||||||||||
| Tax | ||||||||||||||
| Profit After Tax | -1,664 | -26,966 | -9,423 | |||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | -1,664 | -26,966 | -9,423 | |||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||||||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 716 | 955 | 1,273 | 1,552 | 2,070 | 2,362 | 2,599 | 1,822 | 1,452 | 1,936 | 1,664 | 1,433 | 1,350 | 1,441 |
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 716 | 955 | 1,273 | 1,552 | 2,070 | 2,362 | 2,599 | 1,822 | 1,452 | 1,936 | 1,664 | 1,433 | 1,350 | 1,441 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 28,259 | 26,925 | 15,923 | 8,095 | 21,373 | 34,514 | 66,850 | 50,880 | ||||||
| Group Debtors | ||||||||||||||
| Misc Debtors | ||||||||||||||
| Cash | 66,436 | 15,829 | 46,322 | 12,164 | 9,479 | 3,926 | ||||||||
| misc current assets | ||||||||||||||
| total current assets | 28,259 | 26,925 | 15,923 | 8,095 | 21,373 | 34,514 | 66,850 | 50,880 | 66,436 | 15,829 | 46,322 | 12,164 | 9,479 | 3,926 |
| total assets | 28,975 | 27,880 | 17,196 | 9,647 | 23,443 | 36,876 | 69,449 | 52,702 | 67,888 | 17,765 | 47,986 | 13,597 | 10,829 | 5,367 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 100,651 | 90,806 | 56,169 | 38,677 | 23,677 | 14,008 | 38,580 | 51,742 | 61,247 | 17,484 | 21,064 | 339 | 2,386 | 2,400 |
| Group/Directors Accounts | 49,537 | 44,732 | 12,290 | |||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 2,013 | |||||||||||||
| total current liabilities | 100,651 | 90,806 | 56,169 | 38,677 | 23,677 | 14,008 | 38,580 | 51,742 | 61,247 | 17,484 | 21,064 | 51,889 | 47,118 | 14,690 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | 600 | 600 | 900 | 900 | 900 | 900 | 900 | 800 | ||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 600 | 600 | 900 | 900 | 900 | 900 | 900 | 800 | ||||||
| total liabilities | 101,251 | 91,406 | 57,069 | 39,577 | 24,577 | 14,908 | 39,480 | 52,542 | 61,247 | 17,484 | 21,064 | 51,889 | 47,118 | 14,690 |
| net assets | -72,276 | -63,526 | -39,873 | -29,930 | -1,134 | 21,968 | 29,969 | 160 | 6,641 | 281 | 26,922 | -38,292 | -36,289 | -9,323 |
| total shareholders funds | -72,276 | -63,526 | -39,873 | -29,930 | -1,134 | 21,968 | 29,969 | 160 | 6,641 | 281 | 26,922 | -38,292 | -36,289 | -9,323 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 484 | 645 | 555 | 439 | 450 | 480 | ||||||||
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | 1,334 | 11,002 | 7,828 | -13,278 | -13,141 | -32,336 | 15,970 | 50,880 | ||||||
| Creditors | 9,845 | 34,637 | 17,492 | 15,000 | 9,669 | -24,572 | -13,162 | -9,505 | 43,763 | -3,580 | 20,725 | -2,047 | -14 | 2,400 |
| Accruals and Deferred Income | -300 | 100 | 800 | -2,013 | 2,013 | |||||||||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -49,537 | 4,805 | 32,442 | 12,290 | ||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | 4,466 | 32,442 | 12,390 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -66,436 | 50,607 | -30,493 | 34,158 | 2,685 | 5,553 | 3,926 | |||||||
| overdraft | ||||||||||||||
| change in cash | -66,436 | 50,607 | -30,493 | 34,158 | 2,685 | 5,553 | 3,926 |
merry island trading company limited Credit Report and Business Information
Merry Island Trading Company Limited Competitor Analysis
Perform a competitor analysis for merry island trading company limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in SW1A area or any other competitors across 12 key performance metrics.
merry island trading company limited Ownership
MERRY ISLAND TRADING COMPANY LIMITED group structure
Merry Island Trading Company Limited has no subsidiary companies.
Ultimate parent company
MERRY ISLAND TRADING COMPANY LIMITED
07161528
merry island trading company limited directors
Merry Island Trading Company Limited currently has 1 director, Mr William Tyne Jr serving since Feb 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Tyne Jr | 76 years | Feb 2010 | - | Director |
P&L
February 2024turnover
157.4k
+10%
operating profit
-8.8k
0%
gross margin
13.1%
-18.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
-72.3k
+0.14%
total assets
29k
+0.04%
cash
0
0%
net assets
Total assets minus all liabilities
merry island trading company limited company details
company number
07161528
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
February 2010
age
15
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
21 arlington street, london, SW1A 1RN
Bank
-
Legal Advisor
-
merry island trading company 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 did not find charges/mortgages relating to merry island trading company limited.
merry island trading company 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.
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merry island trading company limited Companies House Filings - See Documents
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