MER FLEET SERVICES 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
£1M
+57% vs 2023
Net assets
-£5M
-3.3% vs 2023
Employees
66
-14.3% vs 2023
Profit before tax
-£4M
-50% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
However, if the sales transaction is completed within the going concern period, the Directors do not have visibility into the intentions of the future owners, as such, these events and conditions indicate the existence of a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Name history
Renamed 1 time since incorporation
- MER FLEET SERVICES LIMITED 2022-03-24 → present
- ELMTRONICS LTD 2014-04-17 → 2022-03-24
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £9,750,472 | £6,929,170 | |
| Operating profit | -£2,930,581 | -£4,409,415 | |
| Profit before tax | -£2,919,606 | -£4,379,320 | |
| Net profit | -£2,919,606 | -£3,458,786 | |
| Cash | £855,078 | £1,342,223 | |
| Total assets less current liabilities | -£4,733,406 | -£4,905,458 | |
| Net assets | -£4,746,672 | -£4,905,458 | |
| Equity | -£4,746,672 | -£4,905,458 | |
| Average employees | 77 | 66 | |
| Wages | £3,247,839 | £3,391,863 |
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 |
|---|---|---|---|
| Operating margin | -30.1% | -63.6% | |
| Net margin | -29.9% | -49.9% | |
| Return on capital employed | 61.9% | 89.9% | |
| Current ratio | 0.48x | 0.51x | |
| Interest cover | -437.40x | -15861.21x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“However, if the sales transaction is completed within the going concern period, the Directors do not have visibility into the intentions of the future owners, as such, these events and conditions indicate the existence of a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern.”
Significant events
- “During 2024, a strategic decision was taken by the wider Mer Group to divest its operations in the UK, as a direct result the decision was taken to seek new ownership of the Company through a sales process.”
- “On 18 February 2025, the company issued 800,000 ordinary shares of £1 each at the nominal value to Mer UK Holding Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HINCHCLIFFE, Alex, Mr. | Director | 2023-10-24 | Jul 1976 | British |
| THONER, Kristoffer, Mr. | Director | 2022-02-01 | Dec 1976 | Norwegian |
| THORSNES, Ole Ronny, Mr. | Director | 2022-04-14 | Jan 1983 | Norwegian |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KAFIDIYA-OKE, Folasade, Mrs. | Secretary | 2022-02-01 | 2024-01-12 |
| ANDERS, Karl Royden | Director | 2022-08-23 | 2023-10-24 |
| BROWN, Stephen Mark | Director | 2021-05-06 | 2022-02-01 |
| GUEST, Suzanne | Director | 2014-04-17 | 2015-06-12 |
| HINDE, Anthony Joseph, Mr. | Director | 2022-02-01 | 2022-06-15 |
| JOUANNA, Jean Jacques | Director | 2021-05-06 | 2022-02-01 |
| LANCASTER, Paul Stuart | Director | 2021-05-06 | 2022-02-01 |
| MARTIN, Daniel Bryn | Director | 2019-02-28 | 2022-06-08 |
| MARTIN, Daniel Bryn | Director | 2015-06-12 | 2016-10-14 |
| PARKES, Frederick James Alexander, Mr. | Director | 2022-06-13 | 2022-12-08 |
| PARKES, Frederick James Alexander, Mr. | Director | 2021-05-06 | 2022-02-01 |
| PHILLIPS, Frederick, Mr. | Director | 2022-02-01 | 2023-01-03 |
| PIGGOTT, Anthony | Director | 2014-04-17 | 2022-02-01 |
| REID, Duncan Murray | Director | 2021-05-06 | 2022-02-01 |
| TATE, Simon | Director | 2021-05-06 | 2022-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Elmtronics Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-03-19 | Active |
| Mr Daniel Bryn Martin | Individual | Shares 25–50%, Voting 25–50% | 2016-10-31 | Ceased 2019-03-19 |
| Mr Anthony Piggott | Individual | Shares 25–50%, Voting 25–50% | 2016-10-31 | Ceased 2019-02-28 |
Filing timeline
Last 20 of 113 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-25 RESOLUTIONS Resolution
- 2024-10-25 MA Memorandum articles
- 2024-10-08 MA Memorandum articles
- 2024-09-12 RESOLUTIONS Resolution
- 2024-06-28 RESOLUTIONS Resolution
- 2024-05-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-03 | AA | accounts | Accounts with accounts type full | |
| 2026-02-05 | SH01 | capital | Capital allotment shares | |
| 2025-06-25 | SH01 | capital | Capital allotment shares | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-26 | SH01 | capital | Capital allotment shares | |
| 2025-02-18 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-01-30 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-25 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-25 | MA | incorporation | Memorandum articles | |
| 2024-10-25 | SH01 | capital | Capital allotment shares | |
| 2024-10-08 | MA | incorporation | Memorandum articles | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-09-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-09 | SH01 | capital | Capital allotment shares | |
| 2024-06-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-26 | SH01 | capital | Capital allotment shares | |
| 2024-05-15 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-08 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 8
- 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
-28.9%
£9,750,472 £6,929,170
-
Cash
+57%
£855,078 £1,342,223
-
Net assets
-3.3%
-£4,746,672 -£4,905,458
-
Employees
-14.3%
77 66
-
Operating profit
-50.5%
-£2,930,581 -£4,409,415
-
Profit before tax
-50%
-£2,919,606 -£4,379,320
-
Wages
+4.4%
£3,247,839 £3,391,863
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