Pomanda estimates the enterprise value of MERIT GROUP HOLDINGS LIMITED at £17.6m based on a Turnover of £24.7m and 0.71x industry multiple (adjusted for size and gross margin).
merit group holdings limitedEstimated Valuation
£17.7m
Pomanda estimates the enterprise value of MERIT GROUP HOLDINGS LIMITED at £17.7m based on an EBITDA of £2.6m and a 6.82x industry multiple (adjusted for size and gross margin).
merit group holdings limitedEstimated Valuation
£2.4m
Pomanda estimates the enterprise value of MERIT GROUP HOLDINGS LIMITED at £2.4m based on Net Assets of £2.1m and 1.13x industry multiple (adjusted for liquidity).
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Merit Group Holdings LimitedOverview
Merit Group Holdings Limited is a live company located in rochester, ME2 4WS with a Companies House number of 09579112. It operates in the non-trading company sector, SIC Code 74990. Founded in May 2015, it's largest shareholder is
roy ashford
with a 33.6% stake. Merit Group Holdings Limited is a established,
large sized company, Pomanda has estimated its turnover at
£24.7m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Merit Group Holdings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
6 Strong
1 Regular
4 Weak
Size
annual sales of £24.7m, make it larger than the average company (£3.3m)
£24.7m - Merit Group Holdings Limited
£3.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Merit Group Holdings Limited
- - Industry AVG
Production
with a gross margin of 27.3%, this company has a higher cost of product (34.7%)
27.3% - Merit Group Holdings Limited
34.7% - Industry AVG
Profitability
an operating margin of 9.3% make it more profitable than the average company (4.8%)
9.3% - Merit Group Holdings Limited
4.8% - Industry AVG
Employees
with 100 employees, this is above the industry average (41)
100 - Merit Group Holdings Limited
41 - Industry AVG
Pay Structure
on an average salary of £33.7k, the company has an equivalent pay structure (£40k)
£33.7k - Merit Group Holdings Limited
£40k - Industry AVG
Efficiency
resulting in sales per employee of £246.8k, this is more efficient (£146.4k)
£246.8k - Merit Group Holdings Limited
£146.4k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (41 days)
72 days - Merit Group Holdings Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (40 days)
52 days - Merit Group Holdings Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 30 days, this is less than average (44 days)
30 days - Merit Group Holdings Limited
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (35 weeks)
1 weeks - Merit Group Holdings Limited
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.2%, this is a higher level of debt than the average (47.6%)
84.2% - Merit Group Holdings Limited
47.6% - Industry AVG
MERIT GROUP HOLDINGS LIMITED financials
EXPORT
Merit Group Holdings Limited's latest turnover from August 2023 is £24.7 million and the company has net assets of £2.1 million. According to their latest financial statements, Merit Group Holdings Limited has 100 employees and maintains cash reserves of £322.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2023
Aug 2022
Aug 2021
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Turnover
24,679,660
21,881,923
17,694,272
1,083
Other Income Or Grants
Cost Of Sales
17,944,999
15,351,969
14,181,748
734
Gross Profit
6,734,661
6,529,954
3,512,524
349
Admin Expenses
4,431,584
3,081,564
2,832,005
7,200
-160,052
1,479
853
450
Operating Profit
2,303,077
3,448,390
680,519
-7,200
160,052
-1,130
-853
-450
Interest Payable
146,254
119,359
73,550
Interest Receivable
442
2,358
246
Pre-Tax Profit
2,157,265
3,370,597
607,215
-7,200
160,052
-1,130
349,147
-450
Tax
-607,821
-687,144
-225,686
-30,410
Profit After Tax
1,549,444
2,683,453
381,529
-7,200
129,642
-1,130
349,147
-450
Dividends Paid
777,705
1,031,717
580,929
343,200
Retained Profit
580,764
1,651,736
-60,483
-7,200
129,642
-1,130
5,947
-450
Employee Costs
3,365,122
3,796,528
3,893,799
33,804
33,230
32,389
Number Of Employees
100
94
74
1
1
1
EBITDA*
2,595,645
3,664,985
978,083
-7,200
160,052
-1,130
-853
-450
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023
Aug 2022
Aug 2021
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Tangible Assets
2,829,714
2,090,395
1,823,672
Intangible Assets
25,814
32,277
38,739
Investments & Other
187,890
468,783
1,233
815
860
860
830
Debtors (Due After 1 year)
Total Fixed Assets
2,855,528
2,310,562
2,331,194
1,233
815
860
860
830
Stock & work in progress
1,521,592
1,167,392
883,682
Trade Debtors
4,927,474
4,919,035
4,238,818
Group Debtors
3,566,256
15,969
6,987
23,083
Misc Debtors
1,145,953
3,898,924
2,118,123
167,267
167,267
358
358
358
Cash
322,716
366,897
162,032
64
24
64
26
misc current assets
1,430
total current assets
11,483,991
10,352,248
7,402,655
183,300
167,291
7,409
23,467
1,788
total assets
14,339,519
12,662,810
9,733,849
184,533
168,106
8,269
24,327
2,618
Bank overdraft
494,604
416,707
416,057
Bank loan
Trade Creditors
2,561,396
1,896,275
1,718,462
192
Group/Directors Accounts
55,053
20,444
22,962
39,581
189
1,368
11,620
830
other short term finances
3,023,717
2,999,956
hp & lease commitments
384,110
245,519
231,981
other current liabilities
3,776,295
2,763,796
4,144,899
16,713
32,478
912
5,780
808
total current liabilities
10,295,175
8,342,697
6,534,361
56,294
32,667
2,472
17,400
1,638
loans
211,334
1,152,334
1,568,333
hp & lease commitments
861,644
523,697
499,048
Accruals and Deferred Income
other liabilities
provisions
703,860
486,454
312,864
total long term liabilities
1,776,838
2,162,485
2,380,245
total liabilities
12,072,013
10,505,182
8,914,606
56,294
32,667
2,472
17,400
1,638
net assets
2,105,010
2,157,628
819,243
128,239
135,439
5,797
6,927
980
total shareholders funds
2,105,010
2,157,628
819,243
128,239
135,439
5,797
6,927
980
Aug 2023
Aug 2022
Aug 2021
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Operating Activities
Operating Profit
2,303,077
3,448,390
680,519
-7,200
160,052
-1,130
-853
-450
Depreciation
286,105
210,133
291,102
Amortisation
6,463
6,462
6,462
Tax
-607,821
-687,144
-225,686
-30,410
Stock
354,200
283,710
883,682
Debtors
821,724
2,461,018
6,356,941
15,969
159,922
-16,096
23,083
358
Creditors
665,121
177,813
1,718,462
-192
192
Accruals and Deferred Income
1,012,499
-1,381,103
4,144,899
-15,765
31,566
-4,868
4,972
808
Deferred Taxes & Provisions
217,406
173,590
312,864
Cash flow from operations
2,706,926
-796,587
-312,001
-38,934
1,094
10,290
-18,964
Investing Activities
capital expenditure
Change in Investments
-187,890
-280,893
468,783
418
-45
30
830
cash flow from investments
187,890
280,893
-468,783
-418
45
-30
-830
Financing Activities
Bank loans
Group/Directors Accounts
34,609
-2,518
22,962
39,392
-1,179
-10,252
10,790
830
Other Short Term Loans
23,761
2,999,956
Long term loans
-941,000
-415,999
1,568,333
Hire Purchase and Lease Commitments
476,538
38,187
731,029
other long term liabilities
share issue
-633,382
-313,351
879,726
1,430
interest
-145,812
-117,001
-73,304
cash flow from financing
-1,185,286
2,189,274
3,128,746
39,392
-1,179
-10,252
10,790
2,260
cash and cash equivalents
cash
-44,181
204,865
162,032
40
-40
38
26
overdraft
77,897
650
416,057
change in cash
-122,078
204,215
-254,025
40
-40
38
26
merit group holdings limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for merit group holdings limited. Get real-time insights into merit group holdings limited's credit score, group structure and payment trends.
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merit group holdings limited Ownership
MERIT GROUP HOLDINGS LIMITED group structure
Merit Group Holdings Limited has 8 subsidiary companies.
The largest shareholders in Merit Group Holdings Limited include Roy Ashford and Richard Ashford.
roy ashford
33.57%
richard ashford
33.22%
jamie ashford
33.22%
merit group holdings limited directors
Merit Group Holdings Limited currently has 3 directors.
The longest serving directors include
Mr Roy Ashford (May 2015) and
Mr Jamie Ashford (May 2015).
merit house, units 1-4, whitewall road, rochester, kent, ME2 4WS
Bank
-
Legal Advisor
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merit group holdings 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 merit group holdings limited.
merit group holdings limited Capital Raised & Share Issues BETA
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merit group holdings limitedCompanies House Filings - See Documents
