merit couriers limited
merit couriers limited Company Information
Company Number
10922171
Next Accounts
May 2025
Shareholders
merit gorup holdings limited
peter davidson
View AllGroup Structure
View All
Industry
Unlicensed Carriers
Registered Address
merit house whitewall road, medway city estate, rochester, ME2 4WS
Website
www.themeritgroup.co.ukmerit couriers limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT COURIERS LIMITED at £297.1k based on a Turnover of £718.6k and 0.41x industry multiple (adjusted for size and gross margin).
merit couriers limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT COURIERS LIMITED at £17.8k based on an EBITDA of £5.6k and a 3.18x industry multiple (adjusted for size and gross margin).
merit couriers limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT COURIERS LIMITED at £0 based on Net Assets of £-6.8k and 2.9x industry multiple (adjusted for liquidity).
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Merit Couriers Limited Overview
Merit Couriers Limited is a live company located in rochester, ME2 4WS with a Companies House number of 10922171. It operates in the other postal and courier activities sector, SIC Code 53202. Founded in August 2017, it's largest shareholder is merit gorup holdings limited with a 60% stake. Merit Couriers Limited is a young, small sized company, Pomanda has estimated its turnover at £718.6k with declining growth in recent years.
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Merit Couriers Limited Health Check
Pomanda's financial health check has awarded Merit Couriers Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £718.6k, make it larger than the average company (£246.8k)
- Merit Couriers Limited
£246.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (4.1%)
- Merit Couriers Limited
4.1% - Industry AVG
Production
with a gross margin of 32.3%, this company has a comparable cost of product (32.3%)
- Merit Couriers Limited
32.3% - Industry AVG
Profitability
an operating margin of -2.2% make it less profitable than the average company (4.3%)
- Merit Couriers Limited
4.3% - Industry AVG
Employees
with 7 employees, this is above the industry average (4)
7 - Merit Couriers Limited
4 - Industry AVG
Pay Structure
on an average salary of £29.7k, the company has an equivalent pay structure (£29.7k)
- Merit Couriers Limited
£29.7k - Industry AVG
Efficiency
resulting in sales per employee of £102.7k, this is equally as efficient (£102.7k)
- Merit Couriers Limited
£102.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Merit Couriers Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Merit Couriers Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Merit Couriers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (26 weeks)
0 weeks - Merit Couriers Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 119.3%, this is a higher level of debt than the average (63.9%)
119.3% - Merit Couriers Limited
63.9% - Industry AVG
MERIT COURIERS LIMITED financials
Merit Couriers Limited's latest turnover from August 2023 is estimated at £718.6 thousand and the company has net assets of -£6.8 thousand. According to their latest financial statements, Merit Couriers Limited has 7 employees and maintains cash reserves of £208 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 7 | 9 | 13 | 18 | 14 | 7 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 92,638 | 80,821 | 108,601 | 97,479 | 42,062 | |
| Intangible Assets | 32,276 | 38,739 | 45,201 | 51,664 | 58,126 | |
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 124,914 | 119,560 | 153,802 | 149,143 | 100,188 | |
| Stock & work in progress | ||||||
| Trade Debtors | 85,882 | 67,937 | 102,826 | 169,041 | 150,011 | |
| Group Debtors | 23,609 | 13,437 | 100,672 | 12,868 | ||
| Misc Debtors | 11,550 | 16,860 | 12,088 | 32,377 | 1,139 | 851 |
| Cash | 208 | 14,594 | 5,515 | 20,512 | 10,651 | 14,073 |
| misc current assets | ||||||
| total current assets | 35,367 | 130,773 | 186,212 | 155,715 | 193,699 | 164,935 |
| total assets | 35,367 | 255,687 | 305,772 | 309,517 | 342,842 | 265,123 |
| Bank overdraft | 83,945 | 122,296 | ||||
| Bank loan | ||||||
| Trade Creditors | 13,277 | 29,607 | 40,633 | 11,076 | 19,309 | |
| Group/Directors Accounts | 622 | 62,066 | 41,269 | 53,500 | 15,000 | 20,726 |
| other short term finances | 34,058 | 38,865 | ||||
| hp & lease commitments | 24,722 | 37,798 | ||||
| other current liabilities | 41,563 | 44,968 | 66,835 | 106,094 | 128,940 | 52,327 |
| total current liabilities | 42,185 | 179,091 | 214,374 | 200,227 | 238,961 | 214,658 |
| loans | 3,335 | |||||
| hp & lease commitments | 48,504 | 11,969 | ||||
| Accruals and Deferred Income | ||||||
| other liabilities | 53,911 | 47,468 | 21,592 | |||
| provisions | 17,601 | 15,356 | 18,674 | 16,131 | ||
| total long term liabilities | 66,105 | 27,325 | 72,585 | 63,599 | 24,927 | |
| total liabilities | 42,185 | 245,196 | 241,699 | 272,812 | 302,560 | 239,585 |
| net assets | -6,818 | 10,491 | 64,073 | 36,705 | 40,282 | 25,538 |
| total shareholders funds | -6,818 | 10,491 | 64,073 | 36,705 | 40,282 | 25,538 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 15,973 | 26,064 | 35,061 | 52,829 | 33,403 | 20,718 |
| Amortisation | 5,385 | 6,463 | 6,462 | 6,463 | 6,462 | 6,499 |
| Tax | ||||||
| Stock | ||||||
| Debtors | -81,020 | -64,518 | 45,494 | -47,845 | 32,186 | 150,862 |
| Creditors | -13,277 | -16,330 | -11,026 | 29,557 | -8,233 | 19,309 |
| Accruals and Deferred Income | -3,405 | -21,867 | -39,259 | -22,846 | 76,613 | 52,327 |
| Deferred Taxes & Provisions | -17,601 | 2,245 | -3,318 | 2,543 | 16,131 | |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -61,444 | 20,797 | -12,231 | 38,500 | -5,726 | 20,726 |
| Other Short Term Loans | -34,058 | -4,807 | 38,865 | |||
| Long term loans | -3,335 | 3,335 | ||||
| Hire Purchase and Lease Commitments | -73,226 | 23,459 | 49,767 | |||
| other long term liabilities | -53,911 | 6,443 | 25,876 | 21,592 | ||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -14,386 | 9,079 | -14,997 | 9,861 | -3,422 | 14,073 |
| overdraft | -83,945 | -38,351 | 122,296 | |||
| change in cash | -14,386 | 9,079 | -14,997 | 93,806 | 34,929 | -108,223 |
merit couriers limited Credit Report and Business Information
Merit Couriers Limited Competitor Analysis
Perform a competitor analysis for merit couriers limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in ME2 area or any other competitors across 12 key performance metrics.
merit couriers limited Ownership
MERIT COURIERS LIMITED group structure
Merit Couriers Limited has no subsidiary companies.
merit couriers limited directors
Merit Couriers Limited currently has 5 directors. The longest serving directors include Mr Roy Ashford (Aug 2017) and Mr Peter Davidson (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roy Ashford | United Kingdom | 69 years | Aug 2017 | - | Director |
| Mr Peter Davidson | United Kingdom | 49 years | Aug 2017 | - | Director |
| Mr Richard Ashford | United Kingdom | 46 years | Aug 2017 | - | Director |
| Mr Steven Weekes | England | 37 years | Aug 2017 | - | Director |
| Mr Jamie Ashford | United Kingdom | 48 years | Aug 2017 | - | Director |
P&L
August 2023turnover
718.6k
+19%
operating profit
-15.8k
0%
gross margin
32.3%
+5.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-6.8k
-1.65%
total assets
35.4k
-0.86%
cash
208
-0.99%
net assets
Total assets minus all liabilities
Similar Companies
merit couriers limited company details
company number
10922171
Type
Private limited with Share Capital
industry
53202 - Unlicensed Carriers
incorporation date
August 2017
age
8
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
August 2023
previous names
N/A
accountant
KRESTON REEVES LLP
auditor
-
address
merit house whitewall road, medway city estate, rochester, ME2 4WS
Bank
-
Legal Advisor
-
merit couriers 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 couriers limited.
merit couriers 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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merit couriers limited Companies House Filings - See Documents
| date | description | view/download |
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