Merlin Stoves Limited

Merlin Stoves Ltd, based in Hereford, UK, is a small, active company founded 14 years ago. With a single employee and £100,262 in assets, it’s a modest operation overseen by one director and two owners. Boasting a stellar 5.0 Google rating from 13 reviews, the company is a regular importer of iron or steel products, with its last import activity recorded five months ago.

The company’s website showcases its range of Merlin Lite wood-burning stoves, emphasizing their quality, design, and direct delivery. Founded in 1998 by Steve Thomas, a former installation engineer, Merlin Stoves has grown from a frustration with existing stove designs to a premium brand known for its well-engineered and aesthetically pleasing products. Customer testimonials highlight the stoves’ heat output, ease of use, and installation. The website also details the company’s history, design philosophy, and commitment to customer service.

Financially, Merlin Stoves Ltd presents a mixed picture. While current assets increased by a significant 40% to £100,000, bank overdrafts have risen by 32% to £20,000. Creditors have also increased substantially, jumping 190% to £89,000, suggesting increased reliance on short-term financing. Debtor amounts have increased by a staggering 290% to £94,000, which may be a sign of growth but also a potential risk if collections slow. The company’s small size—meeting two of three criteria for being classified as small—allows for agility, but the increase in creditors warrants close monitoring. With no auditor mentioned, the accounts are unaudited.

Overall, Merlin Stoves Ltd appears to be a growing business with a strong reputation, but the rising debts need to be managed carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 07274752, with a registered address at HR4 9RJ, Hereford, The Old Saddlery Foregates, Holmer.

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