MERLIN VET EXPORT LTD
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2026-06-25 (in 1mo)
Last made up 2025-06-11
Watchouts
None on the register
Cash
£3M
-16.2% vs 2024
Net assets
£5M
-3.6% vs 2024
Employees
34
+6.3% vs 2024
Profit before tax
£159K
-84.8% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-04-30
| Metric | Trend | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Turnover | £50,819,996 | £52,169,484 | |
| Operating profit | £1,084,183 | £118,292 | |
| Profit before tax | £1,047,927 | £159,056 | |
| Net profit | £816,098 | £99,335 | |
| Cash | £3,521,574 | £2,949,532 | |
| Total assets less current liabilities | £5,531,926 | £5,256,718 | |
| Net assets | £4,824,248 | £4,651,916 | |
| Equity | £4,824,248 | £4,651,916 | |
| Average employees | 32 | 34 | |
| Wages | £1,257,001 | £1,551,119 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Operating margin | 2.1% | 0.2% | |
| Net margin | 1.6% | 0.2% | |
| Return on capital employed | 19.6% | 2.3% | |
| Gearing (liabilities / total assets) | 68.6% | 67.5% | |
| Current ratio | 1.37x | 1.37x | |
| Interest cover | 23.02x | 3.20x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Clive Owen LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the group's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- MERLIN VET EXPORT LTD · parent
- MerlinVet-Cel Ltd 100%
- Merlin Salus Pam Ltd 100%
- Merlin Simple Payment Solutions Ltd 100%
- Merlin Vet Supplies Limited 100%
- Tailored Training Limited 66%
- Vetcel Limited 100%
- Merlin Vet Ltd 100%
- Salus Pam Ltd 100%
Significant events
- “Tailored Training Limited (with 66% of the shares acquired during the year)”
- “On 18 June 2024 80 Ordinary A shares were purchased by the company for a consideration of £123,920 and subsequently cancelled.”
- “On both 31 January 2024 and 2025 40 Ordinary A shares were purchased by the company for a consideration of £61,960 and subsequently cancelled.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCMILLAN, Catherine | Secretary | 2023-12-01 | — | — |
| KERR, Fraser Henderson | Director | 2024-08-01 | Aug 1955 | British |
| KINGHORN, Nicola Mary | Director | 2013-06-11 | Mar 1975 | British |
| MATTHEWS, Helen Josephine | Director | 2026-02-01 | Oct 1982 | British |
| TAYLOR, David Winston | Director | 2013-06-11 | May 1963 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAINTON, Christopher Martin | Secretary | 2019-12-15 | 2023-10-26 |
| KINGHORN, Nicola Mary | Secretary | 2013-06-11 | 2019-12-15 |
| ANDERSON, Robert | Director | 2013-06-11 | 2025-11-25 |
| BAINTON, Christopher Martin | Director | 2019-09-25 | 2023-10-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David Winston Taylor | Individual | Shares 50–75%, Voting 50–75% | 2016-07-01 | Active |
Filing timeline
Last 20 of 75 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-18 RESOLUTIONS Resolution
- 2024-07-16 RESOLUTIONS Resolution
- 2024-02-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | CH03 | officers | Change person secretary company with change date | |
| 2026-03-12 | SH03 | capital | Capital return purchase own shares | |
| 2026-02-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-27 | SH03 | capital | Capital return purchase own shares | |
| 2025-12-12 | AA | accounts | Accounts with accounts type full | |
| 2025-11-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-18 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-18 | SH06 | capital | Capital cancellation shares | |
| 2025-03-18 | SH03 | capital | Capital return purchase own shares | |
| 2024-11-20 | AA | accounts | Accounts with accounts type group | |
| 2024-08-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-16 | SH06 | capital | Capital cancellation shares | |
| 2024-07-16 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-16 | SH03 | capital | Capital return purchase own shares | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-29 | SH06 | capital | Capital cancellation shares | |
| 2024-02-29 | SH03 | capital | Capital return purchase own shares | |
| 2024-02-28 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-01 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 6
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-04-30 vs 2024-04-30
-
Turnover
+2.7%
£50,819,996 £52,169,484
-
Cash
-16.2%
£3,521,574 £2,949,532
-
Net assets
-3.6%
£4,824,248 £4,651,916
-
Employees
+6.3%
32 34
-
Operating profit
-89.1%
£1,084,183 £118,292
-
Profit before tax
-84.8%
£1,047,927 £159,056
-
Wages
+23.4%
£1,257,001 £1,551,119
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