Meritz Limited

Meritz Ltd from Portsmouth UK: a small, active company founded 22 years ago, employs five people, and holds £64,715 in assets. It’s a family business with three directors and two owners, operating from a real address and specializing in the irregular import of special woven and decorative fabrics—just one month’s worth imported as of April 5th, 2024. The company’s core business involves the retail sale of clothing in specialised stores.

The company’s website, TH, suggests a focus on online retail, although specific details about e-commerce functionality aren't immediately apparent. It’s likely they operate primarily through a website or online marketplace, catering to a niche market for unique fabrics and clothing.

Financially, Meritz Ltd presents a mixed picture. Current assets have decreased by 5.9% to £65,000, and net assets have fallen 43% to -£54,000. Bank borrowings have decreased significantly, dropping 53% for current instruments and 63% for non-financial instruments. Creditors have increased by 8.8%, and trade debtors have risen by 73%. The company’s small size—meeting two of three conditions for being considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees)—allows for agility, but the decrease in equity is a concern. There’s no auditor mentioned, so the figures are unaudited.

The company’s irregular import activity and declining equity suggest it’s facing challenges in maintaining consistent revenue. While the family ownership and established presence in the market could provide stability, the financial data indicates a need for careful management to avoid burning through money. It’s possible the decrease in equity is due to investments in inventory or marketing efforts to boost sales—but without further information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 04578195, with a registered address at PO2 9DD, England, Portsmouth, Unit 4 Exchange House, 122-124 London Road.

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