PROJECT MERCURY BIDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-11 (in 11mo)
Last made up 2026-03-28
Watchouts
None on the register
Cash
£19K
Latest balance sheet
Net assets
£223K
+106.4% vs 2023
Employees
—
Average over period
Profit before tax
£6M
+569.6% vs 2023
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 | £2,452,000 | £1,634,000 | |
| Operating profit | £126,000 | £7,069,000 | |
| Profit before tax | -£1,219,000 | £5,724,000 | |
| Net profit | -£1,219,000 | £5,724,000 | |
| Cash | — | £19,000 | |
| Total assets less current liabilities | -£3,501,000 | £223,000 | |
| Net assets | -£3,501,000 | £223,000 | |
| Equity | -£3,501,000 | £223,000 | |
| 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 |
|---|---|---|---|
| Operating margin | 5.1% | 432.6% | |
| Net margin | -49.7% | 350.3% | |
| Return on capital employed | -3.6% | 3170.0% | |
| Current ratio | 0.02x | 0.02x | |
| Interest cover | 0.09x | 5.26x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is currently dependent on the financial support from its parent company, i.e., Project Mercury Topco Limited to able to meet its external liabilities when due. Accordingly, the Company has obtained letter of support from its parent company confirming the parent company will provide necessary financial support to the company to continue its operations and meet the liabilities as they fall due until 31 May 2026. Based on this, the Directors consider that it is appropriate to prepare the financial statements on a going concern basis.”
Group structure
- PROJECT MERCURY BIDCO LIMITED · parent
- Correla Limited 100%
Significant events
- “During the year the company had subscribed to an additional 5,000,000 ordinary shares of £1 each for the consideration of £5,000,000 in its subsidiary company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JENNINGS, Steven Martin | Director | 2022-12-08 | Oct 1960 | British |
| JESSUP, Alexander Robert | Director | 2022-10-17 | Sep 1978 | British |
| JONES, Sian Julia | Director | 2021-03-31 | Mar 1978 | British |
| PICKERING, Jon | Director | 2021-03-29 | Mar 1977 | British |
| SIMPSON, Sandra Louise | Director | 2023-11-06 | Jun 1973 | British |
| SZABO, Andrew Frank | Director | 2023-11-06 | Aug 1980 | British |
| TROMANS, Sarah Barbara | Director | 2023-11-06 | Aug 1981 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRAVEN, Michael Eliot | Director | 2022-06-20 | 2024-11-13 |
| KELLY, Ian Francis | Director | 2021-03-31 | 2023-03-31 |
| NAYLOR, Mark Mckenzie | Director | 2021-11-08 | 2022-10-16 |
| SKINNER, Andrew | Director | 2021-03-29 | 2022-06-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Project Mercury Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-03-29 | Active |
Filing timeline
Last 20 of 34 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-06-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2024-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-08-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-13 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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
-33.4%
£2,452,000 £1,634,000
-
Cash
—
Not reported
-
Net assets
+106.4%
-£3,501,000 £223,000
-
Employees
—
Not reported
-
Operating profit
+5,510.3%
£126,000 £7,069,000
-
Profit before tax
+569.6%
-£1,219,000 £5,724,000
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