R.s. Merriman Limited

R.S. Merriman Limited, based in Stromness, UK, is a small, active company founded 32 years ago. Employing 38 people and holding £1,349,844 in assets, it’s a well-established electrical contractor with a 4.0 Google rating from 10 reviews. The company has two directors and one owner, and operates from a real address. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances; parts, with the last import activity recorded two months ago in September 2023.

The company’s website highlights its 70+ years of experience providing electrical services, catering to domestic, commercial, industrial, and renewable energy sectors. It emphasizes a friendly and efficient service, striving for 100% customer satisfaction. The site provides contact information, operating hours, and a brief description of its services. It's a simple, functional website, focused on providing essential information for potential clients.

Financially, R.S. Merriman Limited presents a mixed picture. Current assets have decreased by 32%, falling to £750,000, while net assets have plummeted 40% to £1,100,000. Bank borrowings have increased significantly, rising by 2,400% to £29,000, and cash reserves have fallen by 30% to £28,000. Creditors, however, have decreased by 18%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt from an audit as a small company, and the financial statements are unaudited.

The company’s equity has seen a significant drop, which raises some questions, but the decrease in creditors is a positive sign. It seems like the company is facing some financial pressures, but its long-standing reputation and diverse service offerings may help it weather the storm.

Registered in Scotland under the registration number SC142597, with a registered address at KW16 3EF, Scotland, Stromness, Orkney, Garson Way, Garson Way.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.