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Meridian It Limited

02654994

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

FORWARD HOUSE, HENLEY IN ARDEN, B95 5AA
Incorporated 17/10/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Andy Haley

director · Since 16/05/2018

HEAD OF MANAGED SERVICES

ENGLISH · UNITED KINGDOM · Age 58

Mr Timothy Patronik

director · Since 05/08/2019

DIRECTOR

AMERICAN · UNITED STATES · Age 60

Persons with Significant Control

Merex Technology Inc.

75–100% shares

Nine Parkway North, Suite 500, Nine Parkway North, Suite 500, Deerfield, 60015

Reg: N/A · N/A · Inc.

Notified 01/01/2020

Former PSCs

Mr Ian Joseph Pye

Ceased 09/09/2018

Mr Michael John Pye

Ceased 01/01/2019

Mr Bradford Block

Ceased 31/12/2019

Charges1 outstanding

Charge
outstanding

AVNET TECHNOLOGY SOLUTIONS LTD

Created 28/08/2014Registered 16/09/2014

CompanyRankvs 35+ SIC 62090 peers
70

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.04× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

operations and future developments, the company retains sufficient cash reserves. Page 4 MERIDIAN IT LIMITED (REGISTERED NUMBER: 02654994) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2026 GOING CONCERN The going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the comp

Key FinancialsYear ending 31/03/2026

Turnover

£17.2M

Annual revenue

Net Worth

£6.0M

Balance sheet strength

Cash

£5.0M

Cash in the bank

Profit Before Tax

£1.4M

Bottom line earnings

Net Current Assets

£4.5M

Working capital

Current Assets

£8.9M

Current Liabilities

£4.3M

Fixed Assets

£1.9M

Debtors

£3.8M

Cost of Sales

£11.8M

Gross Profit

£5.4M

Admin Expenses

£4.1M

Operating Profit

£1.5M

Profit After Tax

£996k

65avg. employees-8

Tax at Year End

Corp tax£457k
VAT£264k
Dividends paid£2.0M

People Costs

Wages & salaries£4.7M
NI contributions£702k

Balance Sheet

Intangible assets£82k
Assets less current liabilities£6.4M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20262.04+£996k£5.3M
20251.48-£972k£7.7M
20241.79+£1.9M—
20231.57——

Derived from filed accounts. Not audited figures.