Merlin Diesel Systems Ltd

Merlin Diesel Systems Ltd from Preston UK is a large, active company founded 34 years ago. Employing 157 people, it holds assets worth £42,558,018 and generates an annual revenue of £69,031,044. The company, a holding company with nine directors and one owner, operates from a real address and regularly imports and exports machinery, boilers, and mechanical appliances; parts.

The company’s core business revolves around diesel fuel injection parts and equipment, and manufacturing of diesel fuel test equipment. It also has a separate, prestigious division dedicated to high-end piano restoration, operating from Cambridge and even showcasing a showroom in Harrods, London. This division specializes in museum-grade restorations, self-play system integrations, and disaster recovery for damaged pianos.

Financially, Merlin Diesel Systems Ltd presents a mixed picture. While turnover remains strong, several key metrics have shifted. Accrued liabilities decreased by 6.3%, and depreciation on plant and machinery fell by 1.3%. However, bank borrowings have vanished completely, and cash bank on hand has increased by a remarkable 390%. The company’s administrative expenses increased slightly, and creditors rose by 9.8%. The company’s equity has increased by 39%, a positive sign.

The company’s increased cash reserves and decrease in bank borrowings suggest improved financial management. The growth in administrative expenses could be attributed to increased activity or investment in the business. The rise in creditors, however, might indicate a reliance on trade credit. With an auditor, McMillan & Co LLP, overseeing the accounts, the financial statements are audited, providing a higher level of assurance. Overall, Merlin Diesel Systems Ltd appears to be a financially stable company with a diverse range of operations, though careful monitoring of creditor levels will be important going forward.

Registered in England/Wales under the registration number 02539463, with a registered address at PR5 8AJ, United Kingdom, Preston, Lancashire, 189/191 Bradkirk Place Walton Summit.

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