Merit Retail Limited
Registered name: MERIT RETAIL LIMITED
Part of Conway Holdings No. 2 Ltd groupMerit Retail Limited made £4m profit in the year to 31 Dec 2025 (revenue not disclosed).
Merit Retail Limited reported £4m profit in the year to 31 Dec 2025, down 10% on the year before; its revenue was not disclosed. It had 190 employees. The company is classified under “public houses and bars”; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Northern Ireland
- Age
- 31 yrs · since 1995
- 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. From the filing: “The”
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Profit only |
| Profit & loss | ||||
| Revenue (turnover) | £5.5m | £7.5m | £9m | — |
| Cost of sales | £194k | £215k | £228k | £232k |
| Gross profit | £5.3m | £7.3m | £8.8m | — |
| Operating profit | £2.2m | £3.1m | £3.5m | — |
| Profit before tax | £2.4m | £3.8m | £5.5m | £4.8m |
| Profit after tax | £2m | £3.3m | £4.4m | £4m |
| Profit (best available) | £2m | £3.3m | £4.4m | £4m |
| Staff costs | £2.8m | £3.6m | £4.8m | £5.6m |
| Employees (average) | 127 | 147 | 183 | 190 |
| Ratios | ||||
| Profit margin | 35.6% | 44.1% | 49.4% | — |
| Gross margin | 96.5% | 97.1% | 97.5% | — |
| Revenue per employee | £43.2k | £51k | £49.1k | — |
| Profit per employee | £15.4k | £22.5k | £24.2k | £21.1k |
| Cash conversion | −111.8% | −34.8% | −61.7% | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▲36.5% | ▲19.9% | — |
| Profit growth | — | ▲69% | ▲34.3% | ▼9.5% |
| Headcount growth | — | ▲15.8% | ▲24.5% | ▲3.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £5m | £5.8m | £7.9m | £12.9m |
| Net assets | £19m | £22.3m | £26.7m | £16m |
| Fixed assets | £6.4m | £6.4m | £7.4m | £5.2m |
| Current assets | £20.5m | £23.6m | £27.5m | £42m |
| Debtors | £102k | £255k | £118k | £307k |
| Deferred income | £570k | £613k | £635k | £724k |
| Cash from operations | −£2.4m | −£1.1m | −£2.2m | — |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Nov 2025 | FullAccounts · bulk data Oct 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- £21.1k
- 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
- —
- 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
- ▼40%
- Now £16m
- Cash at bank
- ▲62%
- Now £12.9m
- Headcount
- ▲4%
- Now 190
- Deferred income
- ▲14%
- Now £724k
- Fixed assets
- ▼30%
- Now £5.2m
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
- Conway Holdings No. 2 Ltdultimate parent75–100%
- Brooklands Healthcare Limited75–100%
- Merit Retail Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Carswood LimitedFigures not disclosed
- Glenbrook Stud LimitedFigures not disclosed
- Merit Homes 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 £4m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 11 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.