MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED Financials
- Company number
- 03617385CopyCopy
- Registered office
- The Coach House, 20 Northernhay Street, Exeter, Devon EX4 3ER
- Incorporated
- 18/08/1998
Company snapshot
- Status
- Active
- Employees
- 6 (2025)
- Latest financial data
- 2025
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
2.38%vs 20242024: £521.78K
Total Assets
14.70%vs 20242024: £1.31M
Cash in Bank
-51.67%vs 20242024: £161.43K
Total Liabilities
22.93%vs 20242024: £784.95K
Employees
-1vs 20242024: 7
In 2025, MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED reported net assets of £534.20K. The same filing shows total assets of £1.50M, cash in bank of £78.01K and total liabilities of £964.93K. Reported headcount was 6 in 2025. Total Assets rose from £1.31M in 2024 to £1.50M in 2025 (14.70%). Okredo holds filed figures for 2021–2025; 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
2.38%from £521.78K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+3.3%vs 2023+1.6% a year compound (CAGR)
Cash in Bank
-55.4%vs 2023-33.2% a year compound (CAGR)
Total Assets
+25.9%vs 2023+12.2% a year compound (CAGR)
Total Liabilities
+42.6%vs 2023+19.4% a year compound (CAGR)
Employees
-14.3%vs 2023-1Biggest increase
Total Liabilities+42.6%
£676.50K in 2023 to £964.93K in 2025
Biggest decrease
Cash in Bank-55.4%
£174.90K in 2023 to £78.01K in 2025
MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED's filings pull in both directions between 2023 and 2025. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MERITEX INTERNATIONAL FREIGHT SERVICES 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
- 35.54%2025
- 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
- 64.19%2025
- 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
- 8.08%2025
- 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
- 5.19%2025
- 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 MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 648.82K | 440.31K | 517.03K | 521.78K | 534.20K |
| Total Assets£ | 1.15M | 1.11M | 1.19M | 1.31M | 1.50M |
| Cash in Bank£ | 24.34K | 97.92K | 174.90K | 161.43K | 78.01K |
| Total Liabilities£ | 496.71K | 663.87K | 676.50K | 784.95K | 964.93K |
| Employees | 8 | 6 | 7 | 7 | 6 |
MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED reported net assets of £534.20K for 2025. That compares with £521.78K in 2024, a change of 2.38%.
MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED reported total assets of £1.50M for 2025. That compares with £1.31M in 2024, a change of 14.70%.
MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED reported cash in bank of £78.01K for 2025. That compares with £161.43K in 2024, a change of -51.67%.
MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED reported 6 employees in 2025, compared with 7 in 2024.
Between 2023 and 2025, MERITEX INTERNATIONAL FREIGHT SERVICES LIMITED's net assets rose by 3.3%, cash in bank fell by 55.4%, total assets rose by 25.9% and total liabilities rose by 42.6%. Net assets compounded at 1.6% a year across the two years to 2025, from £517.03K to £534.20K. Reported headcount went from 7 in 2023 to 6 in 2025 (-1).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.