MECM, LIMITED

1. MECM, LIMITED 2006-12-28 → present
2. MOORE EUROPE CAPITAL MANAGEMENT, LTD. 1996-06-27 → 2006-12-28
3. ETS CAPITAL MANAGEMENT 1996-04-11 → 1996-06-27
4. BASSALE 1996-01-11 → 1996-04-11

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having performed this analysis management believes regulatory capital requirements continue to be met and the company will have sufficient liquidity to meet its liabilities for at least the next 12 months and that the preparation of the financial statements on a going concern basis remains appropriate as the company expects to be able to meet its obligations as and when they fall due for the foreseeable future.”

Significant events

• “The company's turnover for 2024 was £78.3m (2023: £101.2m). Revenue is calculated on a cost-plus basis and the main cause of the decrease in revenue for the year was a decrease in costs. Costs fell as a result of a decrease in compensation costs.”
• “On 19th December 2023, the company converted £60,650,000 of its share capital into distributable reserves.”
• “A dividend was paid by MECM, Limited for 2021 of £15,229,641. The company subsequently determined that this was not a permissible distribution in accordance with the requirements of the Companies Act (s.830) and the recipient, Moore Capital Management, LLC repaid the full amount.”
• “The mandatory IAS 12 temporary exception from the recognition and disclosure of deferred taxes arising from implementation of the OECD's Pillar Two model rules has been applied. The OECD's Pillar Two model rules, which establish a global minimum tax regime, will apply from 2024. This is not expected to have a significant impact on MECM Ltd's tax expense.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -22.6%

  £101,185,077 → £78,323,783

• Cash

  +171.6%

  £388,078 → £1,053,945

• Net assets

  +25.3%

  £76,604,847 → £96,006,349

• Employees

  -15.5%

  103 → 87

• Operating profit

  -52.5%

  £14,349,456 → £6,812,493

• Profit before tax

  -34.2%

  £23,538,286 → £15,487,301

• Wages

  -17.1%

  £64,537,247 → £53,504,253

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers