merit glazing solutions limited
merit glazing solutions limited Company Information
Company Number
13643033
Next Accounts
May 2025
Shareholders
merit group holdings limited
Group Structure
View All
Industry
Glazing
Registered Address
unit 1-4 merit house, whitewall road, rochester, ME2 4WS
Website
-merit glazing solutions limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT GLAZING SOLUTIONS LIMITED at £10.9k based on a Turnover of £28k and 0.39x industry multiple (adjusted for size and gross margin).
merit glazing solutions limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT GLAZING SOLUTIONS LIMITED at £128.2k based on an EBITDA of £34k and a 3.77x industry multiple (adjusted for size and gross margin).
merit glazing solutions limited Estimated Valuation
Pomanda estimates the enterprise value of MERIT GLAZING SOLUTIONS LIMITED at £116.7k based on Net Assets of £46.8k and 2.49x industry multiple (adjusted for liquidity).
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Merit Glazing Solutions Limited Overview
Merit Glazing Solutions Limited is a live company located in rochester, ME2 4WS with a Companies House number of 13643033. It operates in the glazing sector, SIC Code 43342. Founded in September 2021, it's largest shareholder is merit group holdings limited with a 100% stake. Merit Glazing Solutions Limited is a startup, micro sized company, Pomanda has estimated its turnover at £28k with unknown growth in recent years.
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Merit Glazing Solutions Limited Health Check
Pomanda's financial health check has awarded Merit Glazing Solutions Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
3 Weak
Size
annual sales of £28k, make it smaller than the average company (£796.4k)
- Merit Glazing Solutions Limited
£796.4k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Merit Glazing Solutions Limited
- - Industry AVG
Production
with a gross margin of 30.8%, this company has a comparable cost of product (30.8%)
- Merit Glazing Solutions Limited
30.8% - Industry AVG
Profitability
an operating margin of 121.7% make it more profitable than the average company (5.6%)
- Merit Glazing Solutions Limited
5.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (8)
- Merit Glazing Solutions Limited
8 - Industry AVG
Pay Structure
on an average salary of £30k, the company has an equivalent pay structure (£30k)
- Merit Glazing Solutions Limited
£30k - Industry AVG
Efficiency
resulting in sales per employee of £28k, this is less efficient (£130.7k)
- Merit Glazing Solutions Limited
£130.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Merit Glazing Solutions Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is slower than average (40 days)
- Merit Glazing Solutions Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Merit Glazing Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (16 weeks)
30 weeks - Merit Glazing Solutions Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.5%, this is a lower level of debt than the average (65.6%)
46.5% - Merit Glazing Solutions Limited
65.6% - Industry AVG
MERIT GLAZING SOLUTIONS LIMITED financials
Merit Glazing Solutions Limited's latest turnover from August 2023 is estimated at £28 thousand and the company has net assets of £46.8 thousand. According to their latest financial statements, we estimate that Merit Glazing Solutions Limited has 1 employee and maintains cash reserves of £24 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | |
|---|---|---|
| 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 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | |
|---|---|---|
| Tangible Assets | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 0 | 0 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 0 | 39,260 |
| Group Debtors | 40,331 | 3,584 |
| Misc Debtors | 23,243 | 47,343 |
| Cash | 23,967 | 26,008 |
| misc current assets | 0 | 0 |
| total current assets | 87,541 | 116,195 |
| total assets | 87,541 | 116,195 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 4,531 | 5,906 |
| Group/Directors Accounts | 15,115 | 5,136 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 21,089 | 84,861 |
| total current liabilities | 40,735 | 95,903 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 0 | 0 |
| total liabilities | 40,735 | 95,903 |
| net assets | 46,806 | 20,292 |
| total shareholders funds | 46,806 | 20,292 |
| Aug 2023 | Aug 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 0 | 0 |
| Debtors | -26,613 | 90,187 |
| Creditors | -1,375 | 5,906 |
| Accruals and Deferred Income | -63,772 | 84,861 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 9,979 | 5,136 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | -2,041 | 26,008 |
| overdraft | 0 | 0 |
| change in cash | -2,041 | 26,008 |
merit glazing solutions limited Credit Report and Business Information
Merit Glazing Solutions Limited Competitor Analysis
Perform a competitor analysis for merit glazing solutions limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in ME2 area or any other competitors across 12 key performance metrics.
merit glazing solutions limited Ownership
MERIT GLAZING SOLUTIONS LIMITED group structure
Merit Glazing Solutions Limited has no subsidiary companies.
Ultimate parent company
1 parent
MERIT GLAZING SOLUTIONS LIMITED
13643033
merit glazing solutions limited directors
Merit Glazing Solutions Limited currently has 3 directors. The longest serving directors include Mr Steven Weekes (Sep 2021) and Mr Richard Ashford (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Weekes | England | 36 years | Sep 2021 | - | Director |
| Mr Richard Ashford | England | 46 years | Sep 2021 | - | Director |
| Mr Dean Want | England | 57 years | Nov 2021 | - | Director |
P&L
August 2023turnover
28k
-85%
operating profit
34k
0%
gross margin
30.8%
-1.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
46.8k
+1.31%
total assets
87.5k
-0.25%
cash
24k
-0.08%
net assets
Total assets minus all liabilities
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merit glazing solutions limited company details
company number
13643033
Type
Private limited with Share Capital
industry
43342 - Glazing
incorporation date
September 2021
age
4
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
August 2023
previous names
N/A
accountant
KRESTON REEVES LLP
auditor
-
address
unit 1-4 merit house, whitewall road, rochester, ME2 4WS
Bank
-
Legal Advisor
-
merit glazing solutions 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 glazing solutions limited.
merit glazing solutions 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 glazing solutions limited Companies House Filings - See Documents
| date | description | view/download |
|---|
