Merlin Circuit Technology Ltd.
Registered name: MERLIN CIRCUIT TECHNOLOGY LTD.
Merlin Circuit Technology Ltd. made £7.7m revenue and £217k profit in the year to 31 Mar 2026.
Merlin Circuit Technology Ltd.’s revenue grew 13% to £7.7m in the year to 31 Mar 2026, with £217k profit and 72 employees. The company is classified under “manufacture of electronic components” and is based in Rayleigh; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Rayleigh, East of England
- Age
- 34 yrs · since 1992
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|---|---|
| Disclosure | No P&L | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | — | — | — | £6.8m | £7.7m |
| Cost of sales | — | — | — | £3.5m | £4m |
| Gross profit | — | — | — | £3.2m | £3.6m |
| Operating profit | — | — | — | £419k | £318k |
| Profit before tax | — | — | — | £419k | £320k |
| Profit after tax | — | — | — | £451k | £217k |
| Profit (best available) | — | — | — | £451k | £217k |
| Staff costs | — | — | — | £2.7m | £3.1m |
| Employees (average) | 68 | 70 | 69 | 69 | 72 |
| Ratios | |||||
| Profit margin | — | — | — | 6.7% | 2.8% |
| Gross margin | — | — | — | 48% | 47.3% |
| Revenue per employee | — | — | — | £97.9k | £106k |
| Profit per employee | — | — | — | £6.5k | £3k |
| Growth (year on year) | |||||
| Revenue growth | — | — | — | — | ▲13.4% |
| Profit growth | — | — | — | — | ▼52% |
| Headcount growth | — | ▲2.9% | ▼1.4% | 0% | ▲4.3% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £42.3k | £176k | £258k | £129k | £4.2k |
| Net assets | £1.7m | £2m | £2.4m | £2.9m | £3.1m |
| Fixed assets | £2.2m | £2.4m | £2.4m | £2.4m | £2.5m |
| Current assets | £2.1m | £2.1m | £2.6m | £2.8m | £3.2m |
| Debtors | £1.2m | £1.2m | £1.3m | £1.5m | £1.5m |
| Deferred income | — | — | — | £76.1k | £80.9k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 2.8%
- Profit ÷ revenue.
- Gross margin
- 47.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £106k
- Revenue ÷ average employees.
- Profit per employee
- £3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 32.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.1%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲8%
- Now £3.1m
- Cash at bank
- ▼97%
- Now £4.2k
- Headcount
- ▲4%
- Now 72
- Deferred income
- ▲6%
- Now £80.9k
- Fixed assets
- ▲1%
- Now £2.5m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
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- Profit
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- Staff
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- Gordon Wilson (Process Systems) LimitedHastings · Manufacture of electronic components
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- Marl International LimitedCumbria · Manufacture of electronic components
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- Innoview International LimitedBridgend · Manufacture of electronic components
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- Cambion Electronics LimitedHope Valley · Manufacture of electronic components
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- Profit
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- Staff
- —
Sources
Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £217k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.