Merit Group Holdings Limited
09579112
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 07/05/2015
director · Since 07/05/2015
DIRECTOR
BRITISH · ENGLAND · Age 48
Also on 11 other boards
Persons with Significant Control
Jamie Ashford
British · England · Age 49
Merit House, Units 1-4, Whitewall Road, Rochester, ME2 4WS
Notified 06/04/2016
Richard Ashford
British · England · Age 48
Merit House, Units 1-4, Whitewall Road, Rochester, ME2 4WS
Notified 06/04/2016
Mr Roy Ashford
British · England · Age 70
Merit House, Units 1-4, Whitewall Road, Rochester, ME2 4WS
Notified 06/04/2016
Charges2 outstanding
CYNERGY BANK PLC
CYNERGY BUSINESS FINANCE LIMITED
CompanyRankvs 1514+ SIC 74990 peers55
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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.
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
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/08/2024
Net Worth
£1.7M
Balance sheet strength
Cash
£272k
Cash in the bank
Net Current Assets
£103k
Working capital
Current Assets
£439k
Current Liabilities
£336k
Fixed Assets
£12k
Debtors
£8.7M
Profit After Tax
£534k
Tax at Year End
Director Loans(2023)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.31 | -£617k |
| 2023 | 1.12 | +£1.8M |
| 2020 | 1.35 | +£349k |
| 2019 | 3.26 | -£7k |
| 2018 | 5.12 | — |
Derived from filed accounts. Not audited figures.