MERIT COURIERS LIMITED Financials
- Company number
- 10922171CopyCopy
- Registered office
- Merit House Whitewall Road, Medway City Estate, Rochester ME2 4WS
- Incorporated
- 18/08/2017
Company snapshot
- Status
- Active
- Employees
- 7 (2023)
- Latest financial data
- 2023
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-164.99%vs 20222022: £10.49K
Total Assets
-89.85%vs 20222022: £348.33K
Cash in Bank
-98.57%vs 20222022: £14.59K
Total Liabilities
-82.80%vs 20222022: £245.20K
Employees
-2vs 20222022: 9
In 2023, MERIT COURIERS LIMITED reported net assets of £-6.82K. The same filing shows total assets of £35.37K, cash in bank of £208.00 and total liabilities of £42.19K. Reported headcount was 7 in 2023. Total Assets fell from £348.33K in 2022 to £35.37K in 2023 (-89.85%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-164.99%from £10.49K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures MERIT COURIERS LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-111%vs 2021Cash in Bank
-96.2%vs 2021-80.6% a year compound (CAGR)
Total Assets
-90.9%vs 2021-69.8% a year compound (CAGR)
Total Liabilities
-82.5%vs 2021-58.2% a year compound (CAGR)
Employees
-36.4%vs 2021-4Biggest decrease
Net Assets-111%
£64.07K in 2021 to £-6.82K in 2023
Every indicator Okredo holds for MERIT COURIERS LIMITED fell between 2021 and 2023. The steepest fall came in net assets, pointing to a weakening balance sheet, with cash in bank, total assets, total liabilities and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MERIT COURIERS LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- -19.28%2023
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 119.28%2023
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 0.49%2023
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 0.59%2023
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MERIT COURIERS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 64.07K | 10.49K | -6.82K |
| Total Assets£ | 386.59K | 348.33K | 35.37K |
| Cash in Bank£ | 5.52K | 14.59K | 208.00 |
| Total Liabilities£ | 241.70K | 245.20K | 42.19K |
| Employees | 11 | 9 | 7 |
MERIT COURIERS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MERIT COURIERS LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
MERIT COURIERS LIMITED reported net assets of £-6.82K for 2023. That compares with £10.49K in 2022, a change of -164.99%.
MERIT COURIERS LIMITED reported total assets of £35.37K for 2023. That compares with £348.33K in 2022, a change of -89.85%.
MERIT COURIERS LIMITED reported cash in bank of £208.00 for 2023. That compares with £14.59K in 2022, a change of -98.57%.
MERIT COURIERS LIMITED reported 7 employees in 2023, compared with 9 in 2022.
Between 2021 and 2023, MERIT COURIERS LIMITED's net assets fell by 111%, cash in bank fell by 96.2%, total assets fell by 90.9% and total liabilities fell by 82.5%. Cash in bank contracted at 80.6% a year across the two years to 2023, from £5.52K to £208.00. Reported headcount went from 11 in 2021 to 7 in 2023 (-4).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.