Merinal Ltd

Merinal Ltd from Leigh UK: a small, active company founded 17 years ago, employs 21 people, and holds £2,357,121 in assets. It has a real address, four directors, one owner, and a respectable Google rating of 4.0 based on eight reviews. The company operates in the retail sale via mail order houses or via internet, the retail sale of hardware, paints and glass in specialised stores industries. Officially, it has one owner or PSCs.

The company's website, currently displaying a "Coming Soon" message, indicates a planned overhaul of its online presence. It offers a wide range of plumbing supplies, including fittings, tools, heating essentials, and bathroom/kitchen components. The site categorizes products neatly, with clear menus and a search function. It’s a clear indication of an e-commerce business, though currently unavailable. A mailing list sign-up suggests a focus on building customer engagement before launch.

Financially, Merinal Ltd shows some concerning trends. While current assets increased slightly to £2,400,000, net assets decreased by 18% to £640,000. Cash bank on hand dropped dramatically by 90% to just £27,000, and trade debtors rose by 20% to £2,000,000. Creditors also increased by 17% to £1,800,000. Depreciation charges have increased, and the company’s employee numbers have also fallen slightly. The company is a small business, meeting two of three criteria for size (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

It seems the company is facing some financial pressures, despite its good Google rating and planned website relaunch. The significant drop in cash reserves, combined with rising debts, suggests a need for careful management. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the company’s focus on online retail and planned website improvements could offer a path to future stability.

Registered in England/Wales under the registration number 06521381, with a registered address at WN7 1BP, England, Leigh, Lancashire, Unit 3 East Bond Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.