Merridale Ltd

Merridale Ltd from Wolverhampton UK is a small, holding company with an active status, celebrating 30 years since its founding in 1994. The company employs 20 people and holds £2,434,872 in assets, boasting a perfect 5.0 Google rating from two reviews. It's a regular importer of electrical machinery and equipment, with six months of import activity recorded, the last operation made in July 2024.

The company operates in the manufacture of other special-purpose machinery n.e.c. industries, a niche sector requiring specialized equipment. While no website was found, this suggests a business-to-business model rather than direct consumer sales. It’s a real address as only one company registered at the same address.

Financially, Merridale Ltd presents a mixed picture. While cash bank on hand increased by a significant 35% to £1.4 million, net assets declined by 51% to £430,000. Creditors surged by 58% to £2 million, and trade debtors decreased slightly by 3.8%. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the decline in equity is concerning. Accumulated depreciation also increased by 10%, reflecting ongoing investment in plant and equipment. No auditor is mentioned, likely due to its status as a small, exempt company.

The increase in bank borrowings by 2,400% is a bit startling, suggesting a need for additional funding, perhaps to support expansion or cover operating expenses. The drop in fixed assets by 19% might be due to depreciation or asset sales, but it’s worth noting. It's a tight operation with two directors and one owner, with the director list being updated two months ago.

Registered in England/Wales under the registration number 02990709, with a registered address at WV1 2EU, England, Wolverhampton, Merridale Works Lower Walsall Street, Horseley Fields.

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