Company Overview
Merlinworks Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 03 August 2015, so this is a well established company. Merlinworks Ltd has been in business for 10 years and 7 months. The accounts status is total exemption full and the accounts are next due on Sunday 31 May 2026.
Registered Address

Puffin Cottage, Brough, Thurso, KW14 8YE
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Companies House Data
Company NameMERLINWORKS LTD
Company NumberSC512145
Registered Office AddressPuffin Cottage
 Brough
 KW14 8YE
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date03/08/2015
Accounting Reference Date Day31
Accounting Reference Date Month8
Accounts Next Due Date31/05/2026
Accounts Last Made Up Date31/08/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date31/08/2016
Directors & Members
Marc Wild - Director
(British, 41 years old, born February 1985)
Appointed 03 August 2015
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Marc Wild
MERLIN APPS LTD
MERLIN DRONES LTD
MERLIN SAFETY LTD
Balance Sheet Unlock full report
Accounts Date 31-Aug-2024 31-Aug-2021 31-Aug-2020
Balance Sheet
Fixed Assets - - 42,986
Current Assets - - 19,800
Creditors Due Within One Year 19,364 19,364 23,541
Working Cap - - -3,741
Total Assets Less Current Liabilities 5,987 5,987 39,245
Long-term Liabilities 0 0 16,403
Net Assets 5,987 5,987 22,842
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 5,987 5,987 22,842
Common Size Financial Analysis Unlock full report
Accounts Date 31-Aug-2024 31-Aug-2021 31-Aug-2020
Tangible Fixed Assets - - -
Fixed Assets - - 68.5%
Stocks Inventory - - -
Debtors 0.0% 0.0% 0.0%
Cash Bank In Hand 0.0% 0.0% 14.8%
Current Assets - - 31.5%
Creditors Due Within One Year 76.4% 76.4% 37.5%
Net Current Assets Liabilities - - -6.0%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 23.6% 23.6% 36.4%
Capital Employed - - -
Total Assets Less Current Liabilities 23.6% 23.6% 62.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Aug-2024 31-Aug-2021 31-Aug-2020
Liquidity Ratio -1.0 -1.0 0.8
Solvency Ratio 1.3 1.3 1.6
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Aug-2024 31-Aug-2021 31-Aug-2020
Assets 25,351 25,351 62,786
Debt 19,364 19,364 39,944
Net Assets/Debt 5,987 5,987 22,842

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around KW14 8YE
No other companies found in the same location
Document Filings
Confirmation statement made on 2 August 2025 with no updates
Confirmation statement made on 2 August 2024 with no updates
Confirmation statement made on 2 August 2023 with no updates
Confirmation statement made on 2 August 2022 with no updates
Confirmation statement made on 2 August 2021 with no updates
Confirmation statement made on 2 August 2020 with no updates
Registered office address changed from Unit 1, Lythmore House Forss Business & Technology Park Forss Thurso Caithness KW14 7UZ United Kingdom to Puffin Cottage Brough Thurso KW14 8YE on 30 April 2020
Confirmation statement made on 2 August 2019 with no updates
Confirmation statement made on 2 August 2018 with no updates
Confirmation statement made on 2 August 2017 with no updates
Registered office address changed from PO Box KW14 7UY Unit 1, Lythmore House Forss Business & Technology Park Forss Thurso Caithness KW14 7UZ United Kingdom to Unit 1, Lythmore House Forss Business & Technology Park Forss Thurso Caithness KW14 7UZ on 29 May 2017
Registered office address changed from 8 Wolfburn Road Thurso KW14 7UY United Kingdom to PO Box KW14 7UY Unit 1, Lythmore House Forss Business & Technology Park Forss Thurso Caithness KW14 7UZ on 29 May 2017
Confirmation statement made on 2 August 2016 with updates
Incorporation
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