MERCHANTS ONLY LIMITED
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2026-06-14 (in 1mo)
Last made up 2025-05-31
Watchouts
Cash
£700
0% vs 2024
Net assets
£150K
0% vs 2024
Employees
2
0% vs 2024
Profit before tax
—
Period ending 2025-01-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-01-31
| Metric | Trend | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-02-01 | 2023-10-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | — | — | |
| Net profit | — | — | — | — | — | £108,848 | £436,296 | |
| Cash | £1,993 | £1,569 | £1,568 | — | £1,568 | £700 | £700 | |
| Total assets less current liabilities | £154,740 | £152,101 | £151,394 | — | £149,672 | £149,672 | £149,672 | |
| Net assets | £154,740 | £152,101 | £151,394 | — | £149,672 | £149,672 | £149,672 | |
| Equity | £154,740 | £152,101 | £151,394 | £149,672 | £149,672 | £149,672 | £149,672 | |
| Average employees | 1 | 1 | 1 | — | 1 | 2 | 2 | |
| 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
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Barnes Roffe Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered the period ending 12 months from the approval of these financial statements. No material uncertainties that cast significant doubt about the ability of the Group to continue as a going concern have been identified by the directors.”
Group structure
- MERCHANTS ONLY LIMITED · parent
- LPB Homes Holdings Limited 0.875%
- Upwood Distribution Limited 1%
- LPB Homes Investments Limited 1%
- Penny Pot Lettings Limited 1%
Significant events
- “The financial year has been positive for the Group with revenue increases of 361.68%. Net assets have also increased to £795k from £359k.”
- “The directors still maintain a certain degree of caution amidst these fragile economic times but are extremely confident they have in place a very strong proposition, an enhanced brand, and products which should mean that the company is well positioned to capitalise on future opportunities.”
- “After continued strong performance, the Group still faces ongoing political instability and inflationary pressures which pose risks to the business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARTER, Harrison | Director | 2024-04-19 | Dec 1987 | British |
| PAYNE, Laurence David | Director | 2021-09-14 | Jun 1961 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PAYNE, Maria | Director | 2021-06-28 | 2021-09-14 |
| TODD, Terence James | Director | 2015-10-23 | 2021-06-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Russnick Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-11-01 | Active |
| Mr Laurence David Payne | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-09-14 | Ceased 2025-11-01 |
| Mrs Maria Payne | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-06-28 | Ceased 2021-09-14 |
| Mr Terence James Todd | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2021-06-28 |
Filing timeline
Last 20 of 40 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-30 | AA | accounts | Accounts with accounts type group | |
| 2025-11-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-13 | SH01 | capital | Capital allotment shares | |
| 2025-10-21 | AA | accounts | Accounts with accounts type dormant | |
| 2025-07-22 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-27 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-28 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-06-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-15 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-09-10 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 1
- 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
FY2024 → FY2025 · period ending 2025-01-31 vs 2024-01-31
-
Turnover
—
Not reported
-
Cash
0%
£700 £700
-
Net assets
0%
£149,672 £149,672
-
Employees
0%
2 2
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