MERIT GROUP HOLDINGS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -9.9%

  £24,679,660 → £22,225,488

• Cash

  -15.8%

  £322,716 → £271,705

• Net assets

  -27.2%

  £2,267,506 → £1,650,443

• Employees

  -9%

  100 → 91

• Operating profit

  -58.5%

  £2,303,077 → £955,261

  first positive since 2019

• Profit before tax

  -65%

  £2,157,265 → £756,096

• Wages

  +3.7%

  £3,043,457 → £3,155,695

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Kreston Reeves Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have concluded that there is sufficient working capital to continue to adopt the going concern basis in preparing its financial statements. We have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. MERIT GROUP HOLDINGS LIMITED · parent
   1. Merit Couriers Limited 60% · England and Wales
   2. Merit Insulation Supplies Limited 60% · England and Wales
   3. Merit Office Installations Limited 90% · England and Wales
   4. Merit Professional Services Limited 70% · England and Wales
   5. Merit Spaces Limited 85% · England and Wales
   6. Merit Careers Limited 75% · England and Wales
   7. Vic UK Insulations Limited 56% · England and Wales
   8. Merit Glazing Limited 100% · England and Wales

Significant events

• “Subsequent to the year end, the group undertook a refinancing of its borrowings. As part of this process: • Two existing charges registered at Companies House were satisfied in full and released on 17 July 2025 and 28 July 2025. • On 31 July 2025, a new charge was created in favour of Cynergy Bank PLC, which was registered at Companies House on 13 August 2025. This new charge comprises both fixed and floating charges and contains a negative pledge.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.