Merlinsoft Limited

Merlinsoft Ltd from Barnsley UK: a small, active company founded eleven years ago, employs twelve people, and holds £141,447 in assets. It's a family business with two directors and two owners, boasting a perfect 5.0 Google rating from fourteen reviews. The company regularly imports machinery, boilers, and mechanical appliances, with its last import operation recorded four months ago in January 2022.

Merlinsoft’s core business revolves around providing solutions for visitor attractions, event management, and retail sectors. Its website highlights a range of services, including online ticketing, box office tools, hospitality management, and point-of-sale systems. The company positions itself as a provider of “trusted solutions” and “market-leading installations,” emphasizing reliability and innovation. It seems to focus on providing a comprehensive "Attraction Management System" (AMS) that streamlines operations and boosts profitability. The website also mentions a blog, suggesting a focus on content marketing and customer engagement.

Financially, Merlinsoft Ltd presents a mixed picture. Accumulated amortisation for intangible assets increased by 24%, largely due to development costs, while bank borrowings surged by an impressive 550%. Cash reserves, however, saw a 220% increase to £17,000. Net assets plummeted by 87%, ending at a modest £14,000, and the number of employees decreased by 33% to eight. Creditors also decreased by 10%, which could indicate improved debt management. The company’s small size (meeting two of three conditions for small company status) allows for flexibility, but the sharp decline in equity is something to watch. No auditor is mentioned, likely due to the company’s exemption as a small entity.

While Merlinsoft appears to have a strong reputation and a clear focus on the attractions sector, its financial performance suggests it may be facing some challenges. The increased reliance on bank borrowings and the decrease in equity raise questions about its long-term financial health, but the increase in cash reserves offers a glimmer of hope.

Registered in England/Wales under the registration number 08791279, with a registered address at S75 1JL, Barnsley, South Yorkshire, Bbic Innovation Way, Wilthorpe.

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