Merritt Decorators Limited
04851148
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 30/07/2003
CONTRACTOR
BRITISH · ENGLAND · Age 69
Also on 10 other boards
Persons with Significant Control
Mr Stephen David Merritt
British · England · Age 69
2, Denvilles Close, Havant, PO9 2QY
Notified 19/08/2016
CompanyRankvs 7791+ SIC 43341 peers45
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
-£119k
Balance sheet strength
Cash
£127k
Cash in the bank
Net Current Assets
-£91k
Working capital
Current Assets
£127k
Current Liabilities
£218k
Fixed Assets
£16k
Tax at Year End(2019)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.58 | -£26k |
| 2023 | 0.56 | -£295k |
| 2021 | 1.76 | -£53k |
| 2020 | 1.76 | — |
| 2019 | 1.70 | — |
| 2018 | 3.15 | — |
Derived from filed accounts. Not audited figures.