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Administration · 18 November 2025

Merit Holdings

Construction · Cramlington · North East England · Part of Merit

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What happened

MERIT HOLDINGS LIMITED (company number 04499715), incorporated in 2002, entered administration on 18 November 2025. Its status at Companies House is now: administration.

Why it failed

Cash flow pressure from delayed starts on large projects and disputes over contract variations with key customers, a withdrawn investor funding offer and an HMRC winding-up petition led to administration.

  • Main reason: Delays
  • Clients not paying or failing
  • Cash flow
  • Funding withdrawn
  • Sale or investment failed
  • HMRC debts

Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.

An administrator, a licensed insolvency practitioner, takes control of the company to try to rescue it, sell the business or get a better result for creditors than a liquidation.

Previously known as: MERIT MERRELL TECHNOLOGY LIMITED, CROSSCO (701) LIMITED.

Timeline

The last accounts and payment report before the failure, then what happened, with the time between each.

  1. 30 June 2024

    Last accounts filed were made up to this date

    17 months later

  2. 18 November 2025

    Administration started

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Jun 2024
£86.6m
Accounts at Companies House
Profit before tax, year to Jun 2024
£2.3m
Accounts at Companies House
Net assets, year to Jun 2024
£18.1m
Accounts at Companies House
Owed to unsecured creditors (estimated), as at 18 November 2025
£17.4m
HMRC owed £537k. staff owed £1k. a further £13.0m owed to its lenders. Expected return to unsecured creditors: none expected
Administrators' proposals (estimate)

The last accounts filed were group accounts made up to 30 June 2024, 17 months before it went into administration.

The full filing history, including any late filings, charges and director changes, is on Companies House.

Lessons learned report

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