Merit Skills Limited
Registered name: MERIT SKILLS LIMITED
Part of Growth Capital Partners Nominees Limited groupMerit Skills Limited made £1.7m revenue and £189k profit in the year to 31 Dec 2025.
Merit Skills Limited’s revenue grew 5% to £1.7m in the year to 31 Dec 2025, with £189k profit and 17 employees. The company is classified under “technical and vocational secondary education” and is based in Yiewsley; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Yiewsley, London
- Age
- 16 yrs · since 2009
- Type
- Private Limited Company
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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £1.6m | £1.7m |
| Cost of sales | £354k | £384k |
| Gross profit | £1.3m | £1.4m |
| Operating profit | £232k | £248k |
| Profit before tax | £234k | £249k |
| Profit after tax | £175k | £189k |
| Profit (best available) | £175k | £189k |
| Employees (average) | 17 | 17 |
| Ratios | ||
| Profit margin | 10.6% | 10.9% |
| Gross margin | 78.5% | 77.9% |
| Revenue per employee | £97k | £102k |
| Profit per employee | £10.3k | £11.1k |
| Growth (year on year) | ||
| Revenue growth | — | ▲5.3% |
| Profit growth | — | ▲8% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £359k | £394k |
| Net assets | £856k | £1m |
| Fixed assets | £13.1k | £7.9k |
| Current assets | £1.5m | £1.7m |
| Debtors | £35.1k | £43.4k |
| Deferred income | £259k | £266k |
| Source | FullAccounts · bulk data Sep 2026 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 10.9%
- Profit ÷ revenue.
- Gross margin
- 77.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £102k
- Revenue ÷ average employees.
- Profit per employee
- £11.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 15.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.5%
- 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
- ▲22%
- Now £1m
- Cash at bank
- ▲10%
- Now £394k
- Headcount
- 0%
- Now 17
- Deferred income
- ▲3%
- Now £266k
- Fixed assets
- ▼40%
- Now £7.9k
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
- Growth Capital Partners Nominees Limitedultimate parent50–75%
- Grouse Topco Limited75–100%
- Grouse Midco Limited75–100%
- Grouse Bidco Limited75–100%
- Shorterm Group Limited75–100%
- Shorterm Limited75–100%
- Trainspeople Limited75–100%
- Merit Skills Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Catalyse Training LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £189k), 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.