merit wholesale ltd
merit wholesale ltd Company Information
Company Number
13841197
Website
-Registered Address
unit a4 phoenix business centre, rosslyn crescent, harrow, HA1 2SP
Industry
Retail sale via mail order houses or via Internet
Non-specialised wholesale trade
Telephone
02079932993
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
sankaykumar babubhai zalawadiya 50%
kaushik kumar bhagvanbhai mangaroliya 50%
merit wholesale ltd Estimated Valuation
Pomanda estimates the enterprise value of MERIT WHOLESALE LTD at £636.6k based on a Turnover of £1.7m and 0.38x industry multiple (adjusted for size and gross margin).
merit wholesale ltd Estimated Valuation
Pomanda estimates the enterprise value of MERIT WHOLESALE LTD at £356.2k based on an EBITDA of £93.7k and a 3.8x industry multiple (adjusted for size and gross margin).
merit wholesale ltd Estimated Valuation
Pomanda estimates the enterprise value of MERIT WHOLESALE LTD at £145.1k based on Net Assets of £75.3k and 1.93x industry multiple (adjusted for liquidity).
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Merit Wholesale Ltd Overview
Merit Wholesale Ltd is a live company located in harrow, HA1 2SP with a Companies House number of 13841197. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in January 2022, it's largest shareholder is sankaykumar babubhai zalawadiya with a 50% stake. Merit Wholesale Ltd is a startup, small sized company, Pomanda has estimated its turnover at £1.7m with unknown growth in recent years.
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Merit Wholesale Ltd Health Check
Pomanda's financial health check has awarded Merit Wholesale Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£7.2m)
- Merit Wholesale Ltd
£7.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Merit Wholesale Ltd
- - Industry AVG
Production
with a gross margin of 19.2%, this company has a higher cost of product (32.2%)
- Merit Wholesale Ltd
32.2% - Industry AVG
Profitability
an operating margin of 5.7% make it more profitable than the average company (3.9%)
- Merit Wholesale Ltd
3.9% - Industry AVG
Employees
with 5 employees, this is below the industry average (19)
5 - Merit Wholesale Ltd
19 - Industry AVG
Pay Structure
on an average salary of £34.3k, the company has an equivalent pay structure (£34.3k)
- Merit Wholesale Ltd
£34.3k - Industry AVG
Efficiency
resulting in sales per employee of £330.7k, this is more efficient (£258.7k)
- Merit Wholesale Ltd
£258.7k - Industry AVG
Debtor Days
it gets paid by customers after 103 days, this is later than average (39 days)
- Merit Wholesale Ltd
39 days - Industry AVG
Creditor Days
its suppliers are paid after 107 days, this is slower than average (34 days)
- Merit Wholesale Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Merit Wholesale Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Merit Wholesale Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84%, this is a higher level of debt than the average (61.1%)
84% - Merit Wholesale Ltd
61.1% - Industry AVG
MERIT WHOLESALE LTD financials
Merit Wholesale Ltd's latest turnover from March 2023 is estimated at £1.7 million and the company has net assets of £75.3 thousand. According to their latest financial statements, Merit Wholesale Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 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 | 5 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Tangible Assets | 2,159 | 0 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 2,159 | 0 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 467,425 | 901 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 0 | 0 |
| misc current assets | 0 | 0 |
| total current assets | 467,425 | 901 |
| total assets | 469,584 | 901 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 392,572 | 1,356 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 0 | 0 |
| total current liabilities | 392,572 | 1,356 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 1,700 | 125 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 1,700 | 125 |
| total liabilities | 394,272 | 1,481 |
| net assets | 75,312 | -580 |
| total shareholders funds | 75,312 | -580 |
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | ||
| Amortisation | ||
| Tax | ||
| Stock | 0 | 0 |
| Debtors | 466,524 | 901 |
| Creditors | 391,216 | 1,356 |
| Accruals and Deferred Income | 1,575 | 125 |
| 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 | 0 | 0 |
| 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 | 0 | 0 |
| overdraft | 0 | 0 |
| change in cash | 0 | 0 |
merit wholesale ltd Credit Report and Business Information
Merit Wholesale Ltd Competitor Analysis
Perform a competitor analysis for merit wholesale ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in HA1 area or any other competitors across 12 key performance metrics.
merit wholesale ltd Ownership
MERIT WHOLESALE LTD group structure
Merit Wholesale Ltd has no subsidiary companies.
Ultimate parent company
MERIT WHOLESALE LTD
13841197
merit wholesale ltd directors
Merit Wholesale Ltd currently has 2 directors. The longest serving directors include Mr Kaushik Mangaroliya (Jan 2022) and Mr Sanjaykumar Zalawadiya (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kaushik Mangaroliya | United Kingdom | 40 years | Jan 2022 | - | Director |
| Mr Sanjaykumar Zalawadiya | England | 42 years | Jan 2022 | - | Director |
P&L
March 2023turnover
1.7m
+2189%
operating profit
93.7k
0%
gross margin
19.2%
-5.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
75.3k
-130.85%
total assets
469.6k
+520.18%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
merit wholesale ltd company details
company number
13841197
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
46900 - Non-specialised wholesale trade
incorporation date
January 2022
age
2
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
unit a4 phoenix business centre, rosslyn crescent, harrow, HA1 2SP
accountant
-
auditor
-
merit wholesale ltd 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 wholesale ltd.
merit wholesale ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
