Merchant Rentals Limited
Registered name: MERCHANT RENTALS LIMITED
Part of Paypoint PLC groupMerchant Rentals Limited made £8.1m revenue and £2.8m profit in the year to 31 Mar 2023.
Merchant Rentals Limited’s revenue grew 24% to £8.1m in the year to 31 Mar 2023, with £2.8m profit and 33 employees. The company is classified under “financial leasing” and is based in Welwyn Garden City; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Welwyn Garden City, East of England
- Age
- 24 yrs · since 2002
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “PayPoint plc”
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 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £6.5m | £8.1m |
| Cost of sales | £1.3m | £3.3m |
| Gross profit | £5.2m | £4.8m |
| Operating profit | £4m | £3.4m |
| Profit before tax | £3.7m | £3.3m |
| Profit after tax | £3.2m | £2.8m |
| Profit (best available) | £3.2m | £2.8m |
| Employees (average) | 32 | 33 |
| Ratios | ||
| Profit margin | 49.4% | 34.3% |
| Gross margin | 79.4% | 59.2% |
| Revenue per employee | £204k | £244k |
| Profit per employee | £101k | £83.8k |
| Growth (year on year) | ||
| Revenue growth | — | ▲23.6% |
| Profit growth | — | ▼14.2% |
| Headcount growth | — | ▲3.1% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £341k | £403k |
| Net assets | £3.4m | £6.1m |
| Fixed assets | £1.6m | £4.5m |
| Current assets | £8.1m | £5.9m |
| Debtors | £7.5m | £5.2m |
| Deferred income | £460k | £217k |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 |
How the business works
- Profit margin
- 34.3%
- Profit ÷ revenue.
- Gross margin
- 59.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £244k
- Revenue ÷ average employees.
- Profit per employee
- £83.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 55.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 64.9%
- 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
- ▲82%
- Now £6.1m
- Cash at bank
- ▲18%
- Now £403k
- Headcount
- ▲3%
- Now 33
- Deferred income
- ▼53%
- Now £217k
- Fixed assets
- ▲170%
- Now £4.5m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Paypoint PLCultimate parent75–100%
- Merchant Rentals Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (11)
- Paypoint Network LimitedRev. £76.4m · Profit £9.3m
- Paypoint Collections LimitedRev. £26.1m · Profit £10.2m
- Paypoint Retail Solutions LimitedRev. £23.1m · Profit £14.1m
- Handepay Ltd.Rev. £14.8m · Profit £3.4m
- RSM 2000 LimitedRev. £7.2m · Profit £1.5m
- Collect+ Brand LimitedRev. £6.8m · Profit £5.5m
- Paypoint Payment Services LimitedRev. £3m · Profit £1.5m
- Aperidata LtdFigures not disclosed
- Appreciate LimitedFigures not disclosed
- I-Movo Holdings LimitedRev. — · Profit £4m
- Obconnect LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2023 (profit £2.8m), from the Companies House accounts bulk data published Nov 2023. 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.