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MERCURY MIDCO 2 LIMITED
24 BRITTON STREET, LONDON, GREATER LONDON, EC1M 5UACompany 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-2024Accounts 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** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|
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 - 8 | 8 (36.4%) | |
Active | Neil Charles CLIFFORD | 19 Feb 2016 | Retail Executive | British | 9 - 5 | 4 (28.6%) | |
Active | Rebecca Elizabeth Alden FARRAR-HOCKLEY | 19 Feb 2016 | Retail Executive | British | 5 - 1 | 1 (16.7%) | |
Resigned | Peter Anthony Colin CATTERALL | 16 Dec 2015 | 19 Feb 2016 | Director | British | 1 - 68 | 26 (37.7%) |
Resigned | Maxim Devin CREWE | 16 Dec 2015 | 19 Feb 2016 | Director | British | 4 - 15 | 2 (10.5%) |
Resigned | Charles Edward MILLER-JONES | 16 Dec 2015 | 19 Feb 2016 | Director | British | 0 - 4 | 0 (0.0%) |
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 LIMITED | ORDINARY | 2,900,990 100% |
SHAREHOLDINGS (BETA)
Company name | Share class | Shares at confimation date |
---|---|---|
2016-11-17 | ||
MERCURY MIDCO 2 LIMITED | ORDINARY | 120,740,888 100% |
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 |