MERCURY MIDCO 2 LIMITED

24 BRITTON STREET, LONDON, GREATER LONDON, EC1M 5UA

Company Number: 09919328
Incorporation date: 16-Dec-2015
Status: Active
Entity type: Private Limited Company

SIC codes:
47722 Retail sale of leather goods in specialised stores





SUMMARY

This company is 8.3 years old and is currently active. It is controlled by Mercury Midco 1 Limited. The company has negative equity (net assets) of GBP -16.6 million which has worsened since the previous year's figure of GBP -11 million. The latest reported revenue figure is GBP 7 thousandThe company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -19.5 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 3 active officers (directors or partners) who are or were officers of 13 other companies, 3 (23.1%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Oct-2024
Accounts Filed: FULL (28-Jan-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
01-Feb-2020 GBP 7,000 669,000 6,212,000 -5,543,000
26-Jan-2019 GBP 628,000 5,838,000 -5,210,000
27-Jan-2018 GBP 551,000 5,116,000 -4,565,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
01-Feb-2020 GBP 153,885,000 2,901,000 -19,483,000 -16,582,000
26-Jan-2019 GBP 147,673,000 2,901,000 -13,940,000 -11,039,000
27-Jan-2018 GBP 141,835,000 2,901,000 -8,730,000 -5,829,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
No information on secretary appointments

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Dale Nicholas CHRISTILAW 19 Feb 2016 Finance Director British 14 - 88 (36.4%)
Active Neil Charles CLIFFORD 19 Feb 2016 Retail Executive British 9 - 54 (28.6%)
Active Rebecca Elizabeth Alden FARRAR-HOCKLEY 19 Feb 2016 Retail Executive British 5 - 11 (16.7%)
Resigned Peter Anthony Colin CATTERALL 16 Dec 2015 19 Feb 2016 Director British 1 - 6826 (37.7%)
Resigned Maxim Devin CREWE 16 Dec 2015 19 Feb 2016 Director British 4 - 152 (10.5%)
Resigned Charles Edward MILLER-JONES 16 Dec 2015 19 Feb 2016 Director British 0 - 40 (0.0%)
Number of active directors: 3
Average tenure of active directors: 8.1 years
Average tenure of resigned directors: 0.2 years
Average active director Dissolution Rate: 27.2%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
KURT GEIGER SHOES LIMITED (00782686) - Active
KURT GEIGER LIMITED (00968046) - Active
TURNBULL & ASSER LIMITED (01066321) - Active
CARVELA LIMITED (01263859) - Active
SHOEAHOLICS LIMITED (02966052) - Active
KURT GEIGER FINANCE LIMITED (05466773) - Dissolved
KURT GEIGER HOLDINGS LIMITED (05466774) - Dissolved
KURT GEIGER ACQUISITION LIMITED (05483689) - Dissolved
KG GROUP HOLDINGS LIMITED (06500942) - Active
KG BIDCO LIMITED (06500994) - Dissolved
JASPER FOOTWEAR LIMITED (08794815) - Active
MERCURY ACQUISITIONS LIMITED (09878664) - Active
MERCURY MIDCO 1 LIMITED (09918862) - Active
MERCURY MIDCO 2 LIMITED (09919328) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-12-15
MERCURY MIDCO 1 LIMITEDORDINARY2,900,990
100%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2016-11-17
MERCURY MIDCO 2 LIMITEDORDINARY120,740,888
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

MERCURY MIDCO 2 LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 47722 Retail sale of leather goods in specialised stores)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
RADLEY RETAIL LIMITED UNIT 1B ETHERIDGE AVENUE, BRINKLOW, MILTON KEYNES, ENGLAND, MK10 0BP 02572572 2018-04-29 41,388,750 10,407,768 70100-Activities of head offices
FLEETMILL LIMITED UNIT 10B, LYON WAY, GREENFORD, ENGLAND, UB6 0BN 02731752 2018-07-31 19,372,309 0
UNITED BAGS LIMITED 200 HACKNEY ROAD, LONDON, UNITED KINGDOM, E2 7QL 09479248 2018-07-30 632,560 0 47789-Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
CITY OF LEATHER (LONDON) LIMITED 58 LYNDHURST DRIVE, LEYTON, LONDON, E10 6JD 03636914 2018-02-28 440,780 0
FF RETAIL LIMITED 252 DURNSFORD ROAD, LONDON, SW19 8DS 06239308 2018-04-30 221,481 0
BRENDA MACLEOD LIMITED 34 GREENWOOD GARDENS, INVERNESS, SCOTLAND, IV2 6GP SC450152 2017-05-08 43,497 0 47910-Retail sale via mail order houses or via Internet
AUDET LTD C/O MESSRS ELLIOT WOOLFE & ROSE, EQUITY HOUSE, 128-136 HIGH STREET, EDGWARE, MIDDX, HA8 7TT 09063191 2016-05-31 39,314 0
EVIEBEVIE LTD 4. LILAC COURT, WELLINGBOROUGH, NORTHANTS, NN8 3GN 08920787 2018-08-31 27,793 0
TAYPEL LTD. 193 QUEENS GATE, LONDON, SW7 5EU 03985432 2018-04-30 22,861 0
BUTTONS OF MUMBLES LIMITED 61 EVERSLEY ROAD, SKETTY, SWANSEA, WALES, SA2 9DE 09105776 2017-06-30 9,777 0
MERCURY ACQUISITIONS LIMITED 24 BRITTON STREET, LONDON, GREATER LONDON, EC1M 5UA 09878664 0000-00-00 0 0
MERCURY MIDCO 1 LIMITED 24 BRITTON STREET, LONDON, GREATER LONDON, EC1M 5UA 09918862 0000-00-00 0 0
MERCURY MIDCO 2 LIMITED 24 BRITTON STREET, LONDON, GREATER LONDON, EC1M 5UA 09919328 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
MERCURY MIDCO 2 LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.6% 2.5% 4.9% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.2% 6.7% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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