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Merrick financial services ltd
Registration Number
06451325Incorporation Date
12/12/2007Last Annual Return
Not availableAddress
78 High Street, Hurstpierpoint, Hassocks, West Sussex. BN6 9RQ
Website
www.merrickfinancialservices.co.ukAudit Fees
Not availableSecretary
Not available
Directors
Active
Mr William McDonald (60 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| ESTIMATED | ESTIMATED | ESTIMATED | ESTIMATED | ||
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (Upper Estimate) | 1130 | 2000 | 2600 | 3200 | |
| Total Sales (Mid Est./ Actual) | 940 | 1700 | 2200 | 2700 | |
| Total Sales (Lower Estimate) | 750 | 1400 | 1800 | 2200 | |
| Directors Fees | NA | NA | NA | NA | NA |
| Gross Profits | NA | NA | NA | NA | NA |
| Value Added | NA | NA | NA | NA | NA |
| Trading Profit | NA | NA | NA | NA | NA |
| Depreciation | NA | NA | NA | NA | |
| Non-Trading Income | NA | NA | NA | NA | 0 |
| Total Interest Charges | NA | NA | NA | NA | NA |
| Pre-tax Profit | NA | NA | NA | NA | 199 |
| Retained Profit (Shareholders Funds) | 64 | 259 | 141 | 139 | 83 |
| Fixed Assets | 5 | 5 | 7 | 5 | 6 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 426 | 576 | 759 | 882 | 1041 |
| Cash or Equivalent | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 426 | 576 | 759 | 882 | 1041 |
| Creditors | 196 | 126 | 170 | 152 | 206 |
| Short Term Borrowing | 0 | 0 | 0 | 0 | 23 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 196 | 126 | 170 | 152 | 229 |
| Net Current Assets | 230 | 450 | 589 | 730 | 812 |
| Shareholders Funds | 196 | 455 | 596 | 735 | 818 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 38 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 234 | 455 | 596 | 735 | 818 |
| Retained Profit Margin % | 6.81 | 15.24 | 6.41 | 5.15 | 6.25 |
| Sales Growth % | 52 | 81 | 29 | 23 | 18 |
| Retained Profit Growth % | -43 | 305 | -46 | -1 | -40.00 |
| Debtor Ratio Days | 165 | 123 | 126 | 119 | 118.906666666667 |
| Creditor Ratio Days | 76 | 27 | 28 | 20 | 23.5656296296296 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | NA | NA | NA | NA | NA |
| Value Added £000/Empl. | NA | NA | NA | NA | NA |
| Av. Remun. £000 / Empl. | NA | NA | NA | NA | NA |
| Total Empl. Remu. £000 | NA | NA | NA | NA | NA |
| Employees | 2 | 3 | 3 | 3 | NA |
| Retained Profit/Total Assets % | 15 | 45 | 18 | 16 | 19 |
Company Summary
- This analysis contains ESTIMATED data as the company has filed small/modified accounts. Provide the full data and we will update it.
- SHADED FIGURES INDICATE THAT ESTIMATED DATA HAS BEEN USED.
- TOTAL SALES FOR THIS COMPANY HAVE BEEN ESTIMATED, See appendix for details.
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average. (ESTIMATED)
Company Summary
The company currently has £2.7m sales and made £139,000, by following the proposal plan, sales would rise to £3.2m and retained profits would fall to £83,000.
Key Attractiveness Features
- PRIVATELY OWNED
- FEW DIRECTORS
- HIGH AVERAGE AGE
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| ESTIMATED | ESTIMATED | ESTIMATED | ESTIMATED | ||
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (Upper Estimate) | 1130 | 2000 | 2600 | 3200 | |
| Total Sales (Mid Est./ Actual) | 940 | 1700 | 2200 | 2700 | |
| Total Sales (Lower Estimate) | 750 | 1400 | 1800 | 2200 | |
| Pre-tax Profit (£000) | NA | NA | NA | NA | 199 |
| Total Value (£000) | |||||
| Asset Value (£000) | 431 | 581 | 766 | 887 | 1047 |
| Goodwill (£000) | 411 | 1015 | 1083 | 1258 | 847 |
| Liabilities (£000) | -234 | -126 | -170 | -152 | -229 |
| Equity Value (£000) | 608 | 1470 | 1679 | 1993 | 1665 |
Total Value Formula (Estimated Accounts): ((Average 3 years retained profit)*7) plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR WILLIAM MCDONALD (73.0%)
MRS LONA MCDONALD (23.0%)
MR CALLUM MCDONALD (1.0%)
MRS BRONTE MCDONALD (1.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 19 years.
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £2.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 19% return on total assets.
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