Pomanda estimates the enterprise value of MERRITT & FRYERS (HOLDINGS) LIMITED at £7.3m based on a Turnover of £8.3m and 0.88x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of MERRITT & FRYERS (HOLDINGS) LIMITED at £4.3m based on an EBITDA of £1.1m and a 4.08x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of MERRITT & FRYERS (HOLDINGS) LIMITED at £7.5m based on Net Assets of £4.7m and 1.59x industry multiple (adjusted for liquidity).
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Merritt & Fryers (holdings) LimitedOverview
Merritt & Fryers (holdings) Limited is a live company located in north yorkshire, BD23 2PX with a Companies House number of 11111530. It operates in the activities of distribution holding companies sector, SIC Code 64204. Founded in December 2017, it's largest shareholder is
rw fryers no 1 trust
with a 26.4% stake. Merritt & Fryers (holdings) Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£8.3m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Merritt & Fryers (Holdings) 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 £8.3m, make it smaller than the average company (£23.7m)
£8.3m - Merritt & Fryers (holdings) Limited
£23.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.3%)
8% - Merritt & Fryers (holdings) Limited
8.3% - Industry AVG
Production
with a gross margin of 23.3%, this company has a comparable cost of product (26.1%)
23.3% - Merritt & Fryers (holdings) Limited
26.1% - Industry AVG
Profitability
an operating margin of 10.2% make it more profitable than the average company (5.3%)
10.2% - Merritt & Fryers (holdings) Limited
5.3% - Industry AVG
Employees
with 48 employees, this is below the industry average (95)
48 - Merritt & Fryers (holdings) Limited
95 - Industry AVG
Pay Structure
on an average salary of £39.2k, the company has an equivalent pay structure (£39.2k)
£39.2k - Merritt & Fryers (holdings) Limited
£39.2k - Industry AVG
Efficiency
resulting in sales per employee of £173.9k, this is less efficient (£261.6k)
£173.9k - Merritt & Fryers (holdings) Limited
£261.6k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is earlier than average (49 days)
30 days - Merritt & Fryers (holdings) Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (40 days)
33 days - Merritt & Fryers (holdings) Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 89 days, this is more than average (64 days)
89 days - Merritt & Fryers (holdings) Limited
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 20 weeks, this is more cash available to meet short term requirements (14 weeks)
20 weeks - Merritt & Fryers (holdings) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.7%, this is a lower level of debt than the average (59.2%)
41.7% - Merritt & Fryers (holdings) Limited
59.2% - Industry AVG
MERRITT & FRYERS (HOLDINGS) LIMITED financials
EXPORT
Merritt & Fryers (Holdings) Limited's latest turnover from September 2023 is £8.3 million and the company has net assets of £4.7 million. According to their latest financial statements, Merritt & Fryers (Holdings) Limited has 48 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Turnover
8,347,724
8,781,719
8,807,138
6,625,829
8,452,655
8,403,376
8,602,964
Other Income Or Grants
Cost Of Sales
6,403,900
6,769,940
6,570,729
4,945,085
6,248,393
6,536,836
6,553,257
Gross Profit
1,943,824
2,011,779
2,236,409
1,680,744
2,204,262
1,866,540
2,049,707
Admin Expenses
1,093,181
1,069,885
1,031,034
363,841
860,973
878,082
846,424
Operating Profit
850,643
941,894
1,205,375
1,316,903
1,343,289
988,458
1,203,283
Interest Payable
77,384
42,260
27,490
65,660
58,890
53,933
50,448
Interest Receivable
25,878
3,938
1,115
1,680
Pre-Tax Profit
799,137
903,572
1,177,885
1,252,358
1,286,079
934,525
1,152,835
Tax
-194,657
-182,844
-313,501
-205,988
-253,764
-144,787
-236,219
Profit After Tax
604,480
720,728
864,384
1,046,370
1,032,315
789,738
916,616
Dividends Paid
555,324
703,616
1,019,265
825,650
683,630
720,880
518,430
Retained Profit
49,156
17,112
-154,881
220,720
348,685
68,858
398,186
Employee Costs
1,879,898
1,513,952
1,477,861
1,314,354
1,425,657
1,355,457
1,284,355
Number Of Employees
48
55
50
50
57
57
56
EBITDA*
1,054,069
1,153,813
1,395,567
1,448,902
1,460,236
1,103,617
1,295,560
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Tangible Assets
2,903,323
2,932,659
2,469,942
2,133,519
1,513,617
1,447,632
1,418,246
Intangible Assets
281,351
320,611
359,870
Investments & Other
1,425,200
1,425,200
1,425,200
1,425,200
1,137,200
1,199,612
1,170,399
Debtors (Due After 1 year)
Total Fixed Assets
4,609,874
4,678,470
4,255,012
3,558,719
2,650,817
2,647,244
2,588,645
Stock & work in progress
1,566,611
1,686,629
1,790,369
1,695,581
1,848,250
1,825,371
1,692,702
Trade Debtors
705,177
682,843
797,326
710,461
798,170
845,470
823,727
Group Debtors
Misc Debtors
97,321
90,519
78,572
73,414
50,678
56,436
21,936
Cash
1,059,475
1,284,829
1,766,304
1,797,100
1,424,606
1,062,075
1,300,267
misc current assets
total current assets
3,428,584
3,744,820
4,432,571
4,276,556
4,121,704
3,789,352
3,838,632
total assets
8,038,458
8,423,290
8,687,583
7,835,275
6,772,521
6,436,596
6,427,277
Bank overdraft
Bank loan
Trade Creditors
590,443
536,220
675,819
569,770
616,959
609,945
547,865
Group/Directors Accounts
other short term finances
hp & lease commitments
16,296
16,296
8,200
14,869
23,503
other current liabilities
2,077,517
2,536,065
2,767,129
2,094,489
1,893,654
1,906,559
1,987,525
total current liabilities
2,684,256
3,088,581
3,442,948
2,664,259
2,518,813
2,531,373
2,558,893
loans
hp & lease commitments
36,039
52,962
8,200
23,069
Accruals and Deferred Income
other liabilities
provisions
629,260
642,000
622,000
417,000
393,000
385,000
431,000
total long term liabilities
665,299
694,962
622,000
417,000
393,000
393,200
454,069
total liabilities
3,349,555
3,783,543
4,064,948
3,081,259
2,911,813
2,924,573
3,012,962
net assets
4,688,903
4,639,747
4,622,635
4,754,016
3,860,708
3,512,023
3,414,315
total shareholders funds
4,688,903
4,639,747
4,622,635
4,754,016
3,860,708
3,512,023
3,414,315
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Operating Activities
Operating Profit
850,643
941,894
1,205,375
1,316,903
1,343,289
988,458
1,203,283
Depreciation
164,167
172,660
157,477
131,999
116,947
115,159
92,277
Amortisation
39,259
39,259
32,715
Tax
-194,657
-182,844
-313,501
-205,988
-253,764
-144,787
-236,219
Stock
-120,018
-103,740
94,788
-152,669
22,879
132,669
1,692,702
Debtors
29,136
-102,536
92,023
-64,973
-53,058
56,243
845,663
Creditors
54,223
-139,599
106,049
-47,189
7,014
62,080
547,865
Accruals and Deferred Income
-458,548
-231,064
672,640
200,835
-12,905
-80,966
1,987,525
Deferred Taxes & Provisions
-12,740
20,000
205,000
24,000
8,000
-46,000
431,000
Cash flow from operations
533,229
826,582
1,878,944
1,638,202
1,238,760
705,032
1,487,366
Investing Activities
capital expenditure
-173,126
-83,309
Change in Investments
288,000
-62,412
29,213
1,170,399
cash flow from investments
-288,000
62,412
-202,339
-1,253,708
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-16,923
69,258
-8,200
-14,869
-23,503
46,572
other long term liabilities
share issue
23,500
672,588
28,850
3,016,129
interest
-51,506
-38,322
-27,490
-64,545
-57,210
-53,933
-50,448
cash flow from financing
-68,429
30,936
-3,990
599,843
-72,079
-48,586
3,012,253
cash and cash equivalents
cash
-225,354
-481,475
-30,796
372,494
362,531
-238,192
1,300,267
overdraft
change in cash
-225,354
-481,475
-30,796
372,494
362,531
-238,192
1,300,267
merritt & fryers (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 merritt & fryers (holdings) limited. Get real-time insights into merritt & fryers (holdings) limited's credit score, group structure and payment trends.
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merritt & fryers (holdings) limited Ownership
MERRITT & FRYERS (HOLDINGS) LIMITED group structure
Merritt & Fryers (Holdings) Limited has 3 subsidiary companies.
The largest shareholders in Merritt & Fryers (Holdings) Limited include Rw Fryers No 1 Trust and Rw Fryers No 2 Trust.
rw fryers no 1 trust
26.4%
rw fryers no 2 trust
19.4%
louise h. merritt
15.2%
joyce v. merritt
13.6%
david l. merritt
8%
charles g. fryers
6.8%
robert paul fryers
4.8%
c. maria fryers
3.8%
rachel elizabeth fryers
1%
andrew david merritt
1%
merritt & fryers (holdings) limited directors
Merritt & Fryers (Holdings) Limited currently has 3 directors.
The longest serving directors include
Mr Andrew Merritt (Dec 2017) and
Mr Robert Fryers (Dec 2017).
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 merritt & fryers (holdings) limited.
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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merritt & fryers (holdings) limitedCompanies House Filings - See Documents
