I think it will all be pretty irrelevant shortly anyway. I get the feeling Meridian haven't got a clue what direction to go in. I don't see them lasting long, I think within 3 years they will be a custom install company aiming purely at the rich and shameless.

Just look at their books. The only thing that has saved them in the last 10 years or so is some decent property purchases, it is only the fact their equity has shot up so much that they are surviving.
Their net worth has dropped from £6m in 2010 down to -£4m last year. It seems they had revaluations of property this year which has push it back up into the black this year, however, their total liabilities are at an all time high of some £16m.
The other problem they have is cashflow, for a company turning over £11m they only had £300k in the bank, as a manufacturing company that seriously limits the direction you go in, you start to make decisions on products based on what you can afford, not what you want to bring out or what your customers are asking for.

If it were me running that company I would sell it off quick sharp or sell off the assets and call it a day.



In regard to the company from an end user....

Where are they getting the next generation of customer from?

They need to have product that the new generation actually want to buy.

Why not team up with someone like Bluesound and bring out some streaming devices?

What is the entry point these days for a bit of Meridian kit? £4500 before adding a source?
What happened to the £500 amp? Sure it may be £1000 now, but there should be one.
How else are you going to get people on the Meridian train?

My daughters lot are all in their early 20s, most of them are more than happy with a pair of Sonos Play 5s, buy one to start with, add another for stereo, whack a play 3 in the kitchen.
It is how this generation listen to music, ignoring that is going to be at your peril.


I thought Matt Holland may have brought a younger more open minded view to the company in regard to product, by that telling some of the older lot what it is youngsters are wanting to buy. It seems not. Shame.



No Darling, I've had it months!