merkland tank holdings limited

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merkland tank holdings limited Company Information

Share MERKLAND TANK HOLDINGS LIMITED

Company Number

SC573000

Directors

Brian Aitken

Ian Buchan

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Shareholders

james mcnab pirrie

john syme pirrie

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Group Structure

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Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

 

Registered Address

221 west george street, glasgow, scotland, G2 2ND

merkland tank holdings limited Estimated Valuation

£550.6k

Pomanda estimates the enterprise value of MERKLAND TANK HOLDINGS LIMITED at £550.6k based on a Turnover of £498.6k and 1.1x industry multiple (adjusted for size and gross margin).

merkland tank holdings limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MERKLAND TANK HOLDINGS LIMITED at £0 based on an EBITDA of £-75.9k and a 4.59x industry multiple (adjusted for size and gross margin).

merkland tank holdings limited Estimated Valuation

£3.6m

Pomanda estimates the enterprise value of MERKLAND TANK HOLDINGS LIMITED at £3.6m based on Net Assets of £2.7m and 1.34x industry multiple (adjusted for liquidity).

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Merkland Tank Holdings Limited Overview

Merkland Tank Holdings Limited is a live company located in scotland, G2 2ND with a Companies House number of SC573000. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in August 2017, it's largest shareholder is james mcnab pirrie with a 26.9% stake. Merkland Tank Holdings Limited is a young, micro sized company, Pomanda has estimated its turnover at £498.6k with healthy growth in recent years.

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Merkland Tank Holdings Limited Health Check

Pomanda's financial health check has awarded Merkland Tank Holdings Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £498.6k, make it smaller than the average company (£19.2m)

£498.6k - Merkland Tank Holdings Limited

£19.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (11.2%)

8% - Merkland Tank Holdings Limited

11.2% - Industry AVG

production

Production

with a gross margin of 35%, this company has a comparable cost of product (35%)

35% - Merkland Tank Holdings Limited

35% - Industry AVG

profitability

Profitability

an operating margin of -15.2% make it less profitable than the average company (4.5%)

-15.2% - Merkland Tank Holdings Limited

4.5% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (104)

5 - Merkland Tank Holdings Limited

104 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.4k, the company has an equivalent pay structure (£44.4k)

£44.4k - Merkland Tank Holdings Limited

£44.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £99.7k, this is less efficient (£191.1k)

£99.7k - Merkland Tank Holdings Limited

£191.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 27 days, this is earlier than average (44 days)

27 days - Merkland Tank Holdings Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 37 days, this is quicker than average (44 days)

37 days - Merkland Tank Holdings Limited

44 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Merkland Tank Holdings Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)

1 weeks - Merkland Tank Holdings Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 46.9%, this is a lower level of debt than the average (68.9%)

46.9% - Merkland Tank Holdings Limited

68.9% - Industry AVG

MERKLAND TANK HOLDINGS LIMITED financials

EXPORTms excel logo

Merkland Tank Holdings Limited's latest turnover from January 2024 is estimated at £498.6 thousand and the company has net assets of £2.7 million. According to their latest financial statements, Merkland Tank Holdings Limited has 5 employees and maintains cash reserves of £22.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Turnover498,597451,496404,757391,918468,579426,125430,911
Other Income Or Grants
Cost Of Sales324,273292,256265,942261,301308,568283,707287,241
Gross Profit174,324159,240138,815130,617160,011142,418143,670
Admin Expenses250,182278,119186,785230,410-194,311-199,687-3,034,321
Operating Profit-75,858-118,879-47,970-99,793354,322342,1053,177,991
Interest Payable49,563109,688109,68852,813
Interest Receivable1,4058509350216594
Pre-Tax Profit-74,453-118,029-47,877-149,305244,851232,4773,125,183
Tax-46,522-44,171-593,785
Profit After Tax-74,453-118,029-47,877-149,305198,329188,3062,531,398
Dividends Paid
Retained Profit-74,453-118,029-47,877-149,305198,329188,3062,531,398
Employee Costs221,943247,850233,651225,713259,341250,991235,738
Number Of Employees5666777
EBITDA*-75,858-118,879-47,970-99,793354,322342,1053,177,991

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Tangible Assets
Intangible Assets
Investments & Other4,950,1564,950,1564,950,1564,950,1564,950,1564,950,1564,950,156
Debtors (Due After 1 year)
Total Fixed Assets4,950,1564,950,1564,950,1564,950,1564,950,1564,950,1564,950,156
Stock & work in progress
Trade Debtors37,87618,57616,81015,94815,75915,00015,000
Group Debtors
Misc Debtors30,86937,62229,299
Cash22,39331,11317,43856,98043,82713,8891,758
misc current assets
total current assets60,26949,68934,24872,92890,45566,51146,057
total assets5,010,4254,999,8454,984,4045,023,0845,040,6115,016,6674,996,213
Bank overdraft
Bank loan
Trade Creditors 33,73316,53614,96225,75238,60111,00010,500
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities688,791620,955520,431500,444355,817557,803337,500
total current liabilities722,524637,491535,393526,196394,418568,803348,000
loans1,625,0001,625,0001,625,000
hp & lease commitments
Accruals and Deferred Income
other liabilities1,625,0001,625,0001,625,0001,625,000391,815
provisions
total long term liabilities1,625,0001,625,0001,625,0001,625,0001,625,0001,625,0002,016,815
total liabilities2,347,5242,262,4912,160,3932,151,1962,019,4182,193,8032,364,815
net assets2,662,9012,737,3542,824,0112,871,8883,021,1932,822,8642,631,398
total shareholders funds2,662,9012,737,3542,824,0112,871,8883,021,1932,822,8642,631,398
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Operating Activities
Operating Profit-75,858-118,879-47,970-99,793354,322342,1053,177,991
Depreciation
Amortisation
Tax-46,522-44,171-593,785
Stock
Debtors19,3001,766862-30,680-5,9948,32344,299
Creditors17,1971,574-10,790-12,84927,60150010,500
Accruals and Deferred Income67,836100,52419,987144,627-201,986220,303337,500
Deferred Taxes & Provisions
Cash flow from operations-10,125-18,547-39,63562,665139,409510,4142,887,907
Investing Activities
capital expenditure
Change in Investments4,950,156
cash flow from investments-4,950,156
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-1,625,0001,625,000
Hire Purchase and Lease Commitments
other long term liabilities1,625,000-391,815391,815
share issue31,3723,160100,000
interest1,40585093-49,513-109,472-109,629-52,809
cash flow from financing1,40532,22293-49,513-109,472-498,2842,064,006
cash and cash equivalents
cash-8,72013,675-39,54213,15329,93812,1311,758
overdraft
change in cash-8,72013,675-39,54213,15329,93812,1311,758

merkland tank holdings 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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Merkland Tank Holdings Limited Competitor Analysis

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Perform a competitor analysis for merkland tank holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in G 2 area or any other competitors across 12 key performance metrics.

merkland tank holdings limited Ownership

MERKLAND TANK HOLDINGS LIMITED group structure

Merkland Tank Holdings Limited has 1 subsidiary company.

Ultimate parent company

MERKLAND TANK HOLDINGS LIMITED

SC573000

1 subsidiary

MERKLAND TANK HOLDINGS LIMITED Shareholders

james mcnab pirrie 26.94%
john syme pirrie 26.94%
nevis capital llp 14.4%
ian buchan 9.31%
brian aitken 9.31%
robert ewing stevenson horne 8.53%
kirsty mcintyre 4.56%

merkland tank holdings limited directors

Merkland Tank Holdings Limited currently has 5 directors. The longest serving directors include Mr Brian Aitken (Aug 2017) and Mr Ian Buchan (Aug 2017).

officercountryagestartendrole
Mr Brian AitkenScotland51 years Aug 2017- Director
Mr Ian BuchanScotland44 years Aug 2017- Director
Mr James PirrieScotland64 years Oct 2017- Director
Mr John PirrieScotland66 years Oct 2017- Director
Mrs Kirsty McIntyre57 years May 2024- Director

P&L

January 2024

turnover

498.6k

+10%

operating profit

-75.9k

0%

gross margin

35%

-0.87%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

January 2024

net assets

2.7m

-0.03%

total assets

5m

0%

cash

22.4k

-0.28%

net assets

Total assets minus all liabilities

merkland tank holdings limited company details

company number

SC573000

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

August 2017

age

8

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

N/A

accountant

-

auditor

-

address

221 west george street, glasgow, scotland, G2 2ND

Bank

-

Legal Advisor

-

merkland tank holdings 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 merkland tank holdings limited.

merkland tank holdings limited Capital Raised & Share Issues BETA

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merkland tank holdings limited Companies House Filings - See Documents

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