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Fts Merit Limited

13073315

in administration
Private Limited Company
Companies House
Health Score
N/A

Details

FORVIS MAZARS LLP THE PINNACLE 160, MILTON KEYNES, MK9 1FF
Incorporated 09/12/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43290
Other construction installation

Officers

Mr Michael John Bramhall

director · Since 29/03/2021

DIRECTOR

BRITISH · ENGLAND · Age 38

Also on 7 other boards

Mr Adam James Hodson

director · Since 11/04/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 35

Also on 1 other board

Mr Mathew James Postlethwaite

director · Since 11/04/2022

DIRECTOR

BRITISH · ENGLAND · Age 38

Also on 2 other boards

Persons with Significant Control

Ramm Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Lancaster House 70-76, Blackburn Street, Manchester, M26 2JW

Reg: 11158748 · Uk Register Of Companies · Private Company Limited By Shares

Notified 09/12/2020

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 04/01/2023Registered 05/01/2023
Charge
satisfied

REWARD INVOICE FINANCE LIMITED

Created 25/03/2022Registered 28/03/2022Satisfied 06/04/2023

CompanyRankvs 15+ SIC 43290 peers
13

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.13× · 12/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 pts

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

Liquidity12/20 pts

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

Longevity6/15 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

statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern In preparing the financial statements the directors are required to assess the company's ability to continue to adopt the going concern basis of accounting. Although the company has seen a

Key FinancialsYear ending 30/06/2023

Net Worth

£739k

Balance sheet strength

Cash

£333k

Cash in the bank

Net Current Assets

£693k

Working capital

Current Assets

£6.2M

Current Liabilities

£5.5M

Fixed Assets

£248k

Debtors

£5.9M

116avg. employees+95

Balance Sheet

Intangible assets£102k
Assets less current liabilities£942k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20231.13+£614k
20221.00+£109k
20211.12—

Derived from filed accounts. Not audited figures.