Pomanda estimates the enterprise value of MERLIN NETWORK (SCOTLAND) LIMITED at £1.5m based on a Turnover of £3.3m and 0.46x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of MERLIN NETWORK (SCOTLAND) LIMITED at £0 based on an EBITDA of £-176.4k and a 3.77x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of MERLIN NETWORK (SCOTLAND) LIMITED at £2.9m based on Net Assets of £1.8m and 1.62x industry multiple (adjusted for liquidity).
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Merlin Network (scotland) LimitedOverview
Merlin Network (scotland) Limited is a live company located in greenock, PA15 4TU with a Companies House number of SC419217. It operates in the manufacture of builders ware of plastic sector, SIC Code 22230. Founded in March 2012, it's largest shareholder is
saveheat group limited
with a 100% stake. Merlin Network (scotland) Limited is a established,
small sized company, Pomanda has estimated its turnover at
£3.3m with
declining
growth in recent years.
Pomanda's financial health check has awarded Merlin Network (Scotland) Limited a 4 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
Health Rating4out of 5
3 Strong
4 Regular
5 Weak
Size
annual sales of £3.3m, make it smaller than the average company (£20.9m)
£3.3m - Merlin Network (scotland) Limited
£20.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (12.1%)
-1% - Merlin Network (scotland) Limited
12.1% - Industry AVG
Production
with a gross margin of 27.7%, this company has a comparable cost of product (27.7%)
27.7% - Merlin Network (scotland) Limited
27.7% - Industry AVG
Profitability
an operating margin of -7.8% make it less profitable than the average company (7.4%)
-7.8% - Merlin Network (scotland) Limited
7.4% - Industry AVG
Employees
with 28 employees, this is below the industry average (111)
28 - Merlin Network (scotland) Limited
111 - Industry AVG
Pay Structure
on an average salary of £39k, the company has an equivalent pay structure (£39k)
£39k - Merlin Network (scotland) Limited
£39k - Industry AVG
Efficiency
resulting in sales per employee of £116.6k, this is less efficient (£167.1k)
£116.6k - Merlin Network (scotland) Limited
£167.1k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (46 days)
49 days - Merlin Network (scotland) Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is slower than average (38 days)
54 days - Merlin Network (scotland) Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 43 days, this is in line with average (41 days)
43 days - Merlin Network (scotland) Limited
41 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 59 weeks, this is more cash available to meet short term requirements (14 weeks)
59 weeks - Merlin Network (scotland) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.6%, this is a lower level of debt than the average (52.9%)
27.6% - Merlin Network (scotland) Limited
52.9% - Industry AVG
MERLIN NETWORK (SCOTLAND) LIMITED financials
EXPORT
Merlin Network (Scotland) Limited's latest turnover from December 2023 is estimated at £3.3 million and the company has net assets of £1.8 million. According to their latest financial statements, Merlin Network (Scotland) Limited has 28 employees and maintains cash reserves of £664.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Turnover
3,266,181
3,897,290
3,276,024
3,341,162
3,225,904
3,215,637
2,944,111
2,929,935
1,810,038
2,108,130
2,050,749
1,265,759
Other Income Or Grants
Cost Of Sales
2,360,137
2,826,749
2,308,491
2,422,262
2,325,182
2,308,160
2,102,910
2,052,719
1,283,647
1,468,585
1,438,991
877,205
Gross Profit
906,044
1,070,542
967,533
918,900
900,722
907,477
841,201
877,217
526,391
639,544
611,758
388,553
Admin Expenses
1,159,538
791,199
303,463
732,755
559,297
595,224
585,663
746,676
446,812
469,076
526,591
317,372
Operating Profit
-253,494
279,343
664,070
186,145
341,425
312,253
255,538
130,541
79,579
170,468
85,167
71,181
Interest Payable
3,113
2,994
3,113
Interest Receivable
48,695
35,176
1,971
621
3,363
2,058
387
182
240
393
379
180
Pre-Tax Profit
-204,799
314,520
666,041
186,765
344,788
314,311
252,811
127,730
76,706
170,861
85,545
71,361
Tax
-59,759
-126,548
-35,485
-65,510
-59,719
-48,034
-25,546
-15,341
-35,881
-19,675
-17,127
Profit After Tax
-204,799
254,761
539,493
151,280
279,278
254,592
204,777
102,184
61,365
134,980
65,870
54,234
Dividends Paid
Retained Profit
-204,799
254,761
539,493
151,280
279,278
254,592
204,777
102,184
61,365
134,980
65,870
54,234
Employee Costs
1,091,758
1,181,899
1,143,436
1,212,596
1,351,090
1,343,571
1,231,760
1,073,195
434,644
531,875
525,078
319,532
Number Of Employees
28
32
33
36
38
38
36
35
15
19
19
12
EBITDA*
-176,407
384,853
767,666
296,448
456,370
445,846
353,138
252,580
172,115
241,515
142,604
123,861
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Tangible Assets
282,894
345,639
360,371
462,623
572,926
391,483
365,629
463,229
459,497
271,451
295,904
280,566
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
282,894
345,639
360,371
462,623
572,926
391,483
365,629
463,229
459,497
271,451
295,904
280,566
Stock & work in progress
282,346
260,126
277,825
210,394
150,066
134,761
163,950
169,665
141,364
134,744
114,156
88,615
Trade Debtors
441,685
664,238
563,072
471,667
403,488
482,585
406,575
479,147
362,542
365,798
313,867
151,277
Group Debtors
788,465
713,465
713,465
463,465
469,860
Misc Debtors
34,305
36,362
54,501
31,489
37,795
177,856
145,776
4,542
14,230
Cash
664,245
1,190,802
819,283
757,607
484,104
412,660
136,269
127,217
18,470
77,667
79,619
71,964
misc current assets
total current assets
2,211,046
2,864,993
2,428,146
1,934,622
1,545,313
1,207,862
852,570
780,571
536,606
578,209
507,642
311,856
total assets
2,493,940
3,210,632
2,788,517
2,397,245
2,118,239
1,599,345
1,218,199
1,243,800
996,103
849,660
803,546
592,422
Bank overdraft
95,793
Bank loan
Trade Creditors
350,706
526,989
429,993
600,496
475,656
443,748
396,435
498,151
304,998
551,788
537,863
407,807
Group/Directors Accounts
other short term finances
hp & lease commitments
56,291
95,885
74,856
74,856
74,856
48,195
64,225
78,249
67,855
other current liabilities
176,997
401,801
349,241
234,276
163,938
170,828
159,190
112,895
71,286
total current liabilities
583,994
1,024,675
854,090
909,628
714,450
662,771
619,850
689,295
539,932
551,788
537,863
407,807
loans
hp & lease commitments
36,939
93,230
114,181
189,034
239,000
91,363
22,779
67,667
79,650
Accruals and Deferred Income
other liabilities
13,121
117,022
123,409
provisions
67,176
82,097
64,377
82,207
99,693
59,393
44,344
58,205
50,072
19,667
18,557
5,972
total long term liabilities
104,115
175,327
178,558
271,241
338,693
150,756
67,123
125,872
129,722
32,788
135,579
129,381
total liabilities
688,109
1,200,002
1,032,648
1,180,869
1,053,143
813,527
686,973
815,167
669,654
584,576
673,442
537,188
net assets
1,805,831
2,010,630
1,755,869
1,216,376
1,065,096
785,818
531,226
428,633
326,449
265,084
130,104
55,234
total shareholders funds
1,805,831
2,010,630
1,755,869
1,216,376
1,065,096
785,818
531,226
428,633
326,449
265,084
130,104
55,234
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Operating Activities
Operating Profit
-253,494
279,343
664,070
186,145
341,425
312,253
255,538
130,541
79,579
170,468
85,167
71,181
Depreciation
77,087
105,510
103,596
110,303
114,945
133,593
97,600
122,039
92,536
71,047
57,437
52,680
Amortisation
Tax
-59,759
-126,548
-35,485
-65,510
-59,719
-48,034
-25,546
-15,341
-35,881
-19,675
-17,127
Stock
22,220
-17,699
67,431
60,328
15,305
-29,189
22,586
28,301
6,620
20,588
25,541
88,615
Debtors
-149,610
83,027
364,417
55,478
250,702
108,090
175,579
106,917
10,974
51,931
162,590
151,277
Creditors
-176,283
96,996
-170,503
124,840
31,908
47,313
91,437
193,153
-246,790
13,925
130,056
407,807
Accruals and Deferred Income
-224,804
52,560
114,965
70,338
-6,890
11,638
87,904
41,609
71,286
Deferred Taxes & Provisions
-14,921
17,720
-17,830
-17,486
40,300
15,049
-5,728
8,133
30,405
1,110
12,585
5,972
Cash flow from operations
-465,025
427,042
135,902
322,849
190,171
381,226
280,552
334,711
-5,919
148,150
77,439
280,621
Investing Activities
capital expenditure
-14,342
-90,778
-1,344
-296,388
-159,447
-3,732
-125,771
-280,582
-46,594
-72,775
-333,246
Change in Investments
cash flow from investments
-14,342
-90,778
-1,344
-296,388
-159,447
-3,732
-125,771
-280,582
-46,594
-72,775
-333,246
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-95,885
78
-74,853
-49,966
174,298
52,554
-60,501
-1,589
147,505
other long term liabilities
-13,121
-103,901
-6,387
123,409
share issue
9,000
1,000
interest
48,695
35,176
1,971
621
3,363
2,058
-2,726
-2,812
-2,873
393
379
180
cash flow from financing
-47,190
35,254
-72,882
-49,345
177,661
54,612
-63,227
-4,401
131,511
-103,508
2,992
124,589
cash and cash equivalents
cash
-526,557
371,519
61,676
273,503
71,444
276,391
117,799
108,747
-59,197
-1,952
7,655
71,964
overdraft
-95,793
-95,793
95,793
change in cash
-526,557
371,519
61,676
273,503
71,444
276,391
213,592
204,540
-154,990
-1,952
7,655
71,964
merlin network (scotland) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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merlin network (scotland) limited Ownership
MERLIN NETWORK (SCOTLAND) LIMITED group structure
Merlin Network (Scotland) Limited has no subsidiary companies.
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 merlin network (scotland) limited.
merlin network (scotland) limited Capital Raised & Share Issues BETA
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merlin network (scotland) limitedCompanies House Filings - See Documents
