Merit Office Installations Limited

Merit Office Installations Ltd, based in Rochester, UK, is a large, holding company with an active status. Established 24 years ago in 2000, it employs 38 people and holds assets totaling £6,212,477. The company has a real address and is overseen by five directors and one owner. It boasts a strong Google rating of 4.0 based on 59 reviews. Merit Office Installations Ltd regularly imports and exports furniture, lighting, and prefabricated buildings—importing for 27 months and exporting for 3 months.

The company operates in warehousing and storage, as well as providing business support services. It’s a sizable operation, meeting two of three criteria to be considered large: turnover exceeding £36 million, a balance sheet total over £18 million, and more than 250 employees. The company’s website doesn’t reveal any e-commerce activity; instead, it appears to focus on providing services related to office installations and relocations.

A review of Merit Office Installations Ltd’s financial data reveals a mixed picture. While assets increased by 5.6% to £6,200,000, net assets declined by 18% to £3,400,000. Bank borrowings increased significantly by 2,400%, reaching £29,000, and cash reserves decreased by 11% to £230,000. Creditors decreased by 18%, suggesting improved debt management. The company’s net loss deepened from £1,900,000 to £1,500,000. The company's staff costs increased by 29% to £2,000,000. The lack of an auditor is likely due to its size, and the financial statements are unaudited.

Despite the losses, the company's strong asset base and ongoing import/export activity indicate a continuing operation. The increase in bank borrowings suggests a need for capital, perhaps to support growth or cover operating expenses. The company’s focus on warehousing and business support, combined with its established presence, positions it to potentially weather these financial pressures, but it's important to monitor its performance closely.

Registered in England/Wales under the registration number 04040767, with a registered address at ME2 4WS, England, Rochester, Kent, Merit House Units 1-4 Whitewall Road, Medway City Estate.

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