MERCANTILE CREDIT COMPANY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-15 (in 10mo)
Last made up 2026-03-01
Watchouts
Cash
£73K
+5.2% vs 2023
Net assets
£7K
+5.6% vs 2023
Employees
—
Average over period
Profit before tax
£475
+69.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
After evaluating the Company's business activities, the Directors intend to place the Company into solvent liquidation as it does not carry any further trading activity. For this reason, the Directors consider it appropriate to prepare the financial statements on other than going concern basis.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | £280 | £475 | |
| Net profit | £223 | £356 | |
| Cash | £69,503 | £73,149 | |
| Total assets less current liabilities | £6,384 | £6,740 | |
| Net assets | £6,384 | £6,740 | |
| Equity | £6,384 | £6,740 | |
| Average employees | — | — | |
| Wages | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 91.1% | 91.0% | |
| Current ratio | 1.08x | 1.08x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- UK-adopted international accounting standards
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“After evaluating the Company's business activities, the Directors intend to place the Company into solvent liquidation as it does not carry any further trading activity. For this reason, the Directors consider it appropriate to prepare the financial statements on other than going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARCOSEC LIMITED | Corporate Secretary | 2001-10-10 | — | — |
| BROWN, Jonathan James | Director | 2021-07-19 | Feb 1968 | British |
| KUMAR, Vukkalam Rangaswami Praveen | Director | 2016-05-26 | Aug 1977 | Indian |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEATHER, Jonathan Terence | Secretary | 2000-03-17 | 2001-10-10 |
| SHOOLBRED, Charles Frederick | Secretary | — | 2000-03-17 |
| ABLITT, Denis Raymond | Director | 2000-08-16 | 2002-08-12 |
| ASQUITH, Andrew Martin Granville | Director | 2013-12-19 | 2014-04-16 |
| BAMPFIELD, Robin Antony | Director | — | 1992-06-01 |
| BARNES, Donna | Director | 2019-06-28 | 2021-07-18 |
| BARTRIP, Lisa Jane | Director | 2021-07-19 | 2022-08-26 |
| BOLTON, Stephen Geoffrey | Director | 2013-04-24 | 2021-06-30 |
| BOOBYER, Christopher Leslie Richard | Director | 2002-08-12 | 2004-09-17 |
| BOX, Sarah | Director | 1996-08-23 | 1998-08-20 |
| BUCKLEY, Stanley William | Director | — | 1992-08-31 |
| CALLENDER, John Dalrymple | Director | 2004-10-01 | 2006-03-31 |
| CALLENDER, John Dalrymple | Director | 1994-01-01 | 2002-08-12 |
| CALVERT, Ashley | Director | 2012-02-02 | 2013-04-11 |
| CLARK, Thomas Martin | Director | — | 1994-12-31 |
| DOWDING, Eric Robert | Director | 1998-03-30 | 2000-08-16 |
| FORAN, Martin John | Director | — | 1994-06-03 |
| HARE, Darren Mark | Director | 2009-12-21 | 2010-01-21 |
| HAWKINS, David Charles | Director | 2014-05-22 | 2021-06-30 |
| HILLS, Richard Allan | Director | 2000-08-16 | 2002-08-12 |
| JOHNSON, Michael Francis Peter | Director | — | 1994-11-30 |
| LEATHER, Jonathan Terence | Director | 2002-08-12 | 2015-11-23 |
| LEWIS, Barry Randall | Director | 2000-08-16 | 2002-08-12 |
| MACINTOSH, Gordon Paterson | Director | 1995-03-24 | 2000-06-30 |
| MCMILLAN, Richard John | Director | 2002-08-12 | 2009-12-18 |
| MERCHANT, Ketan Dhirendra | Director | 2015-07-20 | 2016-02-16 |
| MILLINER, Craig | Director | 2000-08-16 | 2002-08-12 |
| OTTAWAY, Angela Nicole | Director | 2012-05-08 | 2019-09-23 |
| RIDOUT, Thomas Geoffrey | Director | 2010-10-26 | 2012-03-23 |
| ROUSE, Charles Nicholas | Director | 1996-09-02 | 1998-08-20 |
| ROWAN, Charles Paul | Director | 1996-08-23 | 1998-03-30 |
| ROWBERRY, Duncan John | Director | 1996-08-23 | 2013-12-23 |
| THOMPSON, David | Director | — | 1996-09-02 |
| WEAL, Barry | Director | — | 2000-08-16 |
| BARCOSEC LIMITED | Corporate Director | 2000-08-16 | 2004-08-23 |
| BAROMETERS LIMITED | Corporate Director | 2000-08-16 | 2004-08-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Barclays Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 240 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-07 | AA | accounts | Accounts with accounts type full | |
| 2023-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-18 | AA | accounts | Accounts with accounts type full | |
| 2022-09-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-23 | AA | accounts | Accounts with accounts type full | |
| 2021-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-22 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-22 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-20 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-20 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-01 | AA | accounts | Accounts with accounts type full | |
| 2020-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-24 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+5.2%
£69,503 £73,149
-
Net assets
+5.6%
£6,384 £6,740
-
Employees
—
Not reported
-
Profit before tax
+69.6%
£280 £475
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers