CERCIS LIMITED
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Next accounts due
2025-07-31
Overdue
Confirmation statement due
2026-12-15 (in 7mo)
Last made up 2025-12-01
Watchouts
Cash
£1M
Latest balance sheet
Net assets
-£2M
Equity attributable
Employees
82
Average over period
Profit before tax
-£2M
Period ending 2023-10-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Annual accounts overdue
Due 2025-07-31.
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Material uncertainty over going concern
We draw attention to note 2.4 in the financial statements, which sets out the position of the Company with respect to going concern. During the period, the Company acquired the trade and assets of Meika Ltd, a company in administration. Whilst the Company works to restructure the acquired business, it has and is forecast to continue to, generated a loss after tax and is reliant on funding provided by its shareholders to continue trading. As stated in note 2.4, these events or conditions, along with the other matters as set forth in note 2.4, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
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Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2023-10-31
| Metric | Trend | 2022-12-01 | 2023-10-31 |
|---|---|---|---|
| Turnover | — | £15,283,000 | |
| Operating profit | — | -£1,486,000 | |
| Profit before tax | — | -£1,676,000 | |
| Net profit | — | -£1,676,000 | |
| Cash | — | £1,017,000 | |
| Total assets less current liabilities | — | £2,307,000 | |
| Net assets | — | -£1,675,000 | |
| Equity | — | -£1,675,000 | |
| Average employees | 0 | 82 | |
| Wages | — | £2,477,000 |
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 | 2022-12-01 | 2023-10-31 |
|---|---|---|---|
| Operating margin | — | -9.7% | |
| Net margin | — | -11.0% | |
| Return on capital employed | — | -64.4% | |
| Interest cover | — | -7.82x |
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
- Wellden Turnbull Limited
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“We draw attention to note 2.4 in the financial statements, which sets out the position of the Company with respect to going concern. During the period, the Company acquired the trade and assets of Meika Ltd, a company in administration. Whilst the Company works to restructure the acquired business, it has and is forecast to continue to, generated a loss after tax and is reliant on funding provided by its shareholders to continue trading. As stated in note 2.4, these events or conditions, along with the other matters as set forth in note 2.4, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”
Group structure
- CERCIS LIMITED · parent
- Garden Retail Online B.V. 100%
Significant events
- “The Company was incorporated on 2 December 2022 and commenced trading on 7 December 2022 following the acquisition of the "Primrose" business out of administration.”
- “During the year, the Company transitioned to a new Enterprise Resource Planning (ERP) system to improve operational and cost efficiency.”
- “Company's existing shareholder(s) have provided additional £ 2.1 Million cash to the business after the financial year-end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLAY, Peter Robert | Director | 2022-12-02 | Mar 1958 | British |
| FANE, Mark William | Director | 2022-12-02 | Jun 1958 | British |
| SHAH, Harsh | Director | 2023-04-10 | Jul 1981 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SHUKLA, Mayank Pradeep | Director | 2023-04-10 | 2024-09-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mark William Fane | Individual | Shares 25–50%, Voting 25–50% | 2022-12-02 | Active |
| Mr Peter Robert Clay | Individual | Shares 25–50%, Voting 25–50% | 2022-12-02 | Active |
Filing timeline
Last 20 of 24 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-21 MA Memorandum articles
- 2024-09-21 RESOLUTIONS Resolution
- 2023-05-19 RESOLUTIONS Resolution
- 2023-05-19 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-01 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-09-30 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-07-04 | AA | accounts | Accounts with accounts type full | |
| 2024-12-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-24 | SH03 | capital | Capital return purchase own shares | |
| 2024-09-21 | MA | incorporation | Memorandum articles | |
| 2024-09-21 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-20 | SH06 | capital | Capital cancellation shares | |
| 2024-09-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-02 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-06 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-08-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-20 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-05-20 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-05-20 | SH02 | capital | Capital alter shares subdivision | |
| 2023-05-19 | RESOLUTIONS | resolution | Resolution | |
| 2023-05-19 | MA | incorporation | Memorandum articles | |
| 2023-05-10 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- 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
FY2022 → FY2023 · period ending 2023-10-31 vs 2022-12-01