MERCURY PFS NEWCO 2 LIMITED
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Cash
£520K
Latest balance sheet
Net assets
£53M
Equity attributable
Employees
0
Average over period
Profit before tax
-£44M
Period ending 2024-12-31
Net assets
1-year trend · vs Unclassified median
Accounts
1-year trend · latest reflected 2024-12-31
| Metric | Trend | 2024-12-31 |
|---|---|---|
| Turnover | £70,939,000 | |
| Operating profit | £18,049,000 | |
| Profit before tax | -£43,850,000 | |
| Net profit | -£43,955,000 | |
| Cash | £520,000 | |
| Total assets less current liabilities | £117,241,000 | |
| Net assets | £53,379,000 | |
| Equity | £53,379,000 | |
| Average employees | 0 | |
| 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 | 2024-12-31 |
|---|---|---|
| Operating margin | 25.4% | |
| Net margin | -62.0% | |
| Return on capital employed | 15.4% | |
| Current ratio | 0.03x | |
| Interest cover | 0.29x |
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)
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“At the reporting date, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The Company expects to continue to own petrol filling stations, while expanding associated convenience stores together with EV charging, and car valeting.”
- “In January 2025, an exercise was undertaken to increase MFG's Senior Secured Notes facility by £310m at the same interest rate of 8.625% and maturing concurrently with the original facility in April 2029. Proceeds were used to provide balance sheet liquidity and to retire £293m of shareholder debt, owed by a group company.”
- “In early 2025, MFG transitioned its 'Company Owned Company Operated' sites (Peregrine Retail Limited) to the 'Company owned Franchise Operated' model, to align operations and ensure a more streamlined, efficient way of working.”
- “In the first quarter of 2025 the Group conducted an amend and extend refinancing exercise. The exercise successfully closed on 7 March 2025 resulting in lower interest rates and an extension of the term loan facilities until April 2029. To facilitate this refinancing exercise a hedging transaction was also successfully completed, converting £62.7m to €75.0m at the end of March 2025.”
- “In June 2025 in order to align total FX hedges to FX denominated bank debt, the Group terminated EUR 50 million of Euro cross currency swaps.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOURANT SECRETARIES (JERSEY) LIMITED | Corporate Secretary | 2024-04-29 | — | — |
| BANNISTER, William Bahlsen | Director | 2024-04-29 | Mar 1967 | British |
| CLARKE, Jeremy | Director | 2024-04-29 | Oct 1963 | British |
| LANE, Simon Paul | Director | 2024-04-29 | Feb 1963 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TMF GROUP (JERSEY) LIMITED | Corporate Secretary | 2024-01-22 | 2024-04-29 |
| BURKE, Jonathan James | Director | 2024-01-22 | 2024-04-29 |
| GOFF, Joanna Louise | Director | 2024-01-22 | 2024-04-29 |
Ownership
Persons with significant control
Filing timeline
Last 17 of 17 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-18 | AA | accounts | Accounts with accounts type full | |
| 2025-11-18 | OSCH02 | other | Change company details overseas company | |
| 2025-11-18 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2025-10-03 | OSAP04 | officers | Appoint corporate secretary overseas company with appointment date | |
| 2025-10-03 | OSTM02 | officers | Termination person secretary overseas company with name termination date | |
| 2025-09-29 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-09-24 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-09-19 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-09-19 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-09-18 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-11-15 | OSCH02 | other | Change company details overseas company with change details | |
| 2024-11-15 | OSCH02 | other | Change company details overseas company | |
| 2024-01-22 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2024-01-22 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2024-01-22 | OS-PAR | annual-return | Appointment at registration of person authorised to accept service | |
| 2024-01-22 | OS-PAR | annual-return | Appointment at registration of person authorised to accept service | |
| 2024-01-22 | OSIN01 | incorporation | Register overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- 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
Latest filed period vs the prior one