Merlin Accountancy & Payroll Services Ltd
Registered name: MERLIN ACCOUNTANCY & PAYROLL SERVICES LTD
Merlin Accountancy & Payroll Services Ltd made £322k revenue and £20.5k profit in the year to 31 Mar 2025.
Merlin Accountancy & Payroll Services Ltd’s revenue fell 2% to £322k in the year to 31 Mar 2025, with £20.5k profit and 2 employees. The company is classified under “accounting and auditing activities” and is based in Wednesbury; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Wednesbury, West Midlands
- Age
- 20 yrs · since 2006
- 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 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £297k | £327k | £322k |
| Cost of sales | £42.9k | £76.1k | £89.1k |
| Gross profit | £254k | £251k | £232k |
| Operating profit | £38.9k | £43.1k | £26.4k |
| Profit before tax | £39.4k | £46.1k | £29.9k |
| Profit after tax | £31.9k | £37.3k | £20.5k |
| Profit (best available) | £31.9k | £37.3k | £20.5k |
| Employees (average) | 3 | 3 | 2 |
| Ratios | |||
| Profit margin | 10.8% | 11.4% | 6.4% |
| Gross margin | 85.5% | 76.7% | 72.3% |
| Revenue per employee | £98.9k | £109k | £161k |
| Profit per employee | £10.6k | £12.4k | £10.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▲10.2% | ▼1.7% |
| Profit growth | — | ▲17% | ▼45.2% |
| Headcount growth | — | 0% | ▼33.3% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £199k | £219k | £238k |
| Net assets | £119k | £143k | £161k |
| Current assets | £340k | £406k | £436k |
| Debtors | £141k | £186k | £152k |
| Source | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 6.4%
- Profit ÷ revenue.
- Gross margin
- 72.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £161k
- Revenue ÷ average employees.
- Profit per employee
- £10.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 47.2%
- 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
- ▲12%
- Now £161k
- Cash at bank
- ▲8%
- Now £238k
- Headcount
- ▼33%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £20.5k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.