UK Companies House feature
MERCHANT WAREHOUSE (NI) LTD
Cash
£3M
+53.8% vs 2023
Net assets
£7M
+34% vs 2023
Employees
90
-18.2% vs 2023
Profit before tax
£2M
+20.6% vs 2023
Profile
- Company number
- NI618032
- Status
- Active
- Incorporation
- 2013-04-23
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62011
Net assets
8-year trend · vs UK AI & Enterprise SaaS median
Accounts
8-year trend · latest 2024-12-31
| Metric | Trend | 2020-01-01 | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £14,714,318 | £11,007,526 | — | £9,879,639 | — | £9,264,659 | £9,252,888 | |
| Operating profit | — | £1,781,446 | £1,364,614 | — | £1,696,996 | — | £1,454,264 | £1,753,508 | |
| Profit before tax | — | £1,788,078 | £1,364,948 | — | £1,706,287 | — | £1,516,901 | £1,829,640 | |
| Net profit | — | £1,541,591 | £1,098,513 | — | £1,350,534 | — | £1,350,680 | £1,668,722 | |
| Cash | — | £3,509,269 | £3,213,083 | — | £2,936,289 | — | £2,010,905 | £3,092,945 | |
| Total assets less current liabilities | — | £6,132,488 | £6,703,775 | — | £6,054,309 | — | £4,904,989 | £6,702,240 | |
| Net assets | — | £5,605,262 | £6,703,775 | — | £6,054,309 | — | £4,904,989 | £6,573,711 | |
| Equity | £4,873,671 | £5,605,262 | £6,703,775 | £6,703,775 | £6,054,309 | £6,054,309 | £4,904,989 | £6,573,711 | |
| Average employees | — | 260 | 141 | — | 119 | — | 110 | 90 | |
| Wages | — | £9,248,136 | £7,137,620 | — | — | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Sumer Auditco NI Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. Having reviewed the financial projections of the Company, the Director considers it can continue to trade and has sufficient cash resources to meet its financial obligations for a period of at least 12 months from the date of approval of these financial statements. The Director has also considered the position of Global Payments Inc. its ultimate parent. The Director is satisfied that sufficient funds will be made available to ensure that the Company can meet its financial obligations as they fall due for at least the next 18 months. Furthermore, the Directors of Global Payments Inc. have concluded that there are no material uncertainties that may cast significant doubt about the Group's ability to continue as a going concern and that it is appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “On 17 April 2025 an announcement was made that Global Payments would divest its Issuer Solutions business to FIS, this transaction is due to close during the first half of 2026.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CITCO MANAGEMENT (UK) LIMITED | Corporate Secretary | 2018-06-06 | — | — |
| STEELE-BELKIN, Dara Loren | Director | 2026-01-09 | Nov 1974 | American |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AFIF, Ammar | Director | 2013-04-23 | 2017-10-26 |
| CHEW, David Leonard | Director | 2018-08-01 | 2023-03-31 |
| GREEN, David Lawrence | Director | 2021-09-17 | 2026-01-09 |
| MCHUGH, Philip | Director | 2018-03-27 | 2019-08-15 |
| MENARD, Christopher Alan | Director | 2017-10-26 | 2018-03-27 |
| TODD, Paul | Director | 2018-03-27 | 2022-06-30 |
| WEAVER, Dorenda Kay | Director | 2018-03-27 | 2021-09-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tsys Merchant Solutions, Llc | Corporate entity | Shares 75–100% | 2023-12-31 | Active |
| Cayan Holdings Llc | Corporate entity | Shares 75–100% | 2018-04-23 | Ceased 2023-12-31 |
| Merchantwarehouse.Com Holdings Llc | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2018-04-23 |
Filing timeline
Last 20 of 49 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-09 | TM01 | officers | termination director company with name termination date |
| 2026-01-09 | AP01 | officers | appoint person director company with name date |
| 2025-12-18 | AA | accounts | accounts with accounts type full |
| 2025-05-15 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-12-19 | AA | accounts | accounts with accounts type full |
| 2024-05-24 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-05-21 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2024-05-21 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2023-08-08 | AA | accounts | accounts with accounts type full |
| 2023-05-17 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-04-03 | TM01 | officers | termination director company with name termination date |
| 2022-09-28 | AA | accounts | accounts with accounts type full |
| 2022-07-21 | TM01 | officers | termination director company with name termination date |
| 2022-05-23 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-12-09 | AA | accounts | accounts with accounts type full |
| 2021-09-22 | AP01 | officers | appoint person director company with name date |
| 2021-09-20 | TM01 | officers | termination director company with name termination date |
| 2021-05-17 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2020-12-09 | AA | accounts | accounts with accounts type full |
| 2020-05-14 | CS01 | confirmation-statement | confirmation statement with updates |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
18.33
SAFE
Altman Z″
- Working capital / Total assets 0.911 × 6.56 = +5.98
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.243 × 6.72 = +1.63
- Book equity / Total liabilities 10.208 × 1.05 = +10.72
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
30.6
COLD
/ 100
- Filings velocity 33
- Capital events 0
- Officer churn 50
- Headcount trajectory 32
- Accounts trajectory 50
- 4 filing(s) in last 12 months
- 1 appointed, 1 resigned (12mo)
- Employees -18% YoY
- Turnover -0% YoY