How much does Mercer Agencies Limited make?

Mercer Agencies Limited reported revenue of £10.5m and a loss of £842k in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Mercer Agencies Limited have?

Mercer Agencies Limited reported an average of 27 employees in the year to 31 Dec 2023.

Is Mercer Agencies Limited profitable?

No — Mercer Agencies Limited reported a loss of £842k in the year to 31 Dec 2023.

Company No. NI037118 · Incorporated 14 Oct 1999

Mercer Agencies Limited

Registered name: MERCER AGENCIES LIMITED

Mercer Agencies Limited made £10.5m revenue and a £842k loss in the year to 31 Dec 2023.

Mercer Agencies Limited’s revenue fell 3% to £10.5m in the year to 31 Dec 2023, with a loss of £842k and 27 employees. The company is classified under “wholesale of household goods (other than musical instruments)” and is based in Belfast; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46499Wholesale of household goods (other than musical instruments) n.e.c.

Status: In Administration
Location: Belfast, Northern Ireland
Age: 27 yrs · since 1999
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentCapital-lightCash flow filed

Revenue

£10.5m

Growth ▼3.4%

Profit

−£842k

Growth ▼567%

Profit margin

−8%

Gross 24.5%

Employees

Change ▼10%

Profit / employee

−£31.2k

Revenue/employee £391k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.9m	£10.5m
Cost of sales	£7.5m	£8m
Gross profit	£3.5m	£2.6m
Operating profit	£362k	−£832k
Profit before tax	£219k	−£1.1m
Profit after tax	£180k	−£842k
Profit (best available)	£180k	−£842k
Staff costs	£1.1m	£1.1m
Employees (average)	30	27
Ratios
Profit margin	1.7%	−8%
Gross margin	31.6%	24.5%
Revenue per employee	£364k	£391k
Profit per employee	£6k	−£31.2k
Cash conversion	−226.9%	—
Growth (year on year)
Revenue growth	—	▼3.4%
Profit growth	—	▼567%
Headcount growth	—	▼10%
Balance sheet — indirect signals, not revenue
Cash at bank	£33.2k	£14.3k
Net assets	£3.2m	£2.2m
Fixed assets	£355k	£323k
Current assets	£8.6m	£5.4m
Debtors	£1.9m	£1.7m
Deferred income	£264k	£214k
Cash from operations	−£820k	−£2.8m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: −8%; Profit ÷ revenue.
Gross margin: 24.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £391k; Revenue ÷ average employees.
Profit per employee: −£31.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.2%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▼29%; Now £2.2m
Cash at bank: ▼57%; Now £14.3k
Headcount: ▼10%; Now 27
Deferred income: ▼19%; Now £214k
Fixed assets: ▼9%; Now £323k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£842k), from the Companies House accounts bulk data published Sep 2024. 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.