UK Companies House feature
MELVILLE INDEPENDENT PLC
Cash
£691K
+16.7% vs 2023
Net assets
£239K
-48.9% vs 2023
Employees
23
0% vs 2023
Profit before tax
£176K
-34.4% vs 2023
Profile
- Company number
- SC398240
- Status
- Active
- Incorporation
- 2011-04-21
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
7-year trend · vs UK Fintech median
Accounts
7-year trend · latest 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | £268,689 | £176,300 | |
| Net profit | — | — | — | — | — | £219,625 | £145,988 | |
| Cash | — | — | — | — | — | £592,162 | £691,313 | |
| Total assets less current liabilities | — | — | — | — | — | £591,202 | £386,268 | |
| Net assets | — | — | — | — | — | £467,369 | £238,644 | |
| Equity | — | — | — | — | — | £467,369 | £238,644 | |
| Average employees | — | — | — | — | — | 23 | 23 | |
| Wages | — | — | — | — | — | £1,101,221 | £1,118,467 |
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
- Henderson Loggie LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. The company's directors have considered the business plan and projections of the company for a period of at least 12 months from the date of signing, including levels of ongoing income which provide substantial value in the business, and believe that the going concern basis is appropriate in the preparation of the financial statements.”
Significant events
- “Company turnover for the year was £3.1m, up from £2.9m. Ongoing income increased from £2m to £2.17m as the company continues to increase its funds under management and develops relationships with its ongoing clients. At the end of the reporting period the Company operated with 13 registered individuals who have a wide range of qualifications all from level 4 upwards. Although this was a reduction in individuals from the previous year, strong client retention from a focus on high quality advice and client relationship management has meant that the overall number of clients of the company has been maintained.”
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
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| IRVINE, Matthew Yuill | Secretary | 2021-03-01 | — | — |
| BANKS, Kristofor Graham | Director | 2021-01-15 | Sep 1982 | British |
| IRVINE, Matthew Yuill | Director | 2021-01-18 | Aug 1992 | British |
| MCKENZIE, Barry | Director | 2022-09-15 | Jun 1978 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WJM SECRETARIES LIMITED | Corporate Secretary | 2011-04-21 | 2019-03-15 |
| KERR, Jill | Director | 2011-04-21 | 2017-07-05 |
| KERR, John Alexander | Director | 2011-04-21 | 2021-06-21 |
| MILNE, Raymond John | Director | 2017-06-21 | 2023-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Miplc Holdings Limited | Corporate entity | Shares 50–75% | 2021-06-21 | Active |
| Mr John Alexander Kerr | Individual | significant-influence-or-control-as-trust | 2017-04-22 | Ceased 2021-06-21 |
Filing timeline
Last 20 of 60 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-09-26 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-05-12 | AA | accounts | accounts with accounts type full |
| 2024-09-26 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-05-27 | AA | accounts | accounts with accounts type full |
| 2023-09-27 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-07-03 | TM01 | officers | termination director company with name termination date |
| 2023-06-29 | AA | accounts | accounts with accounts type full |
| 2022-12-02 | SH08 | capital | capital name of class of shares |
| 2022-09-27 | RP04CS01 | confirmation-statement | second filing of confirmation statement with made up date |
| 2022-09-26 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-09-26 | AP01 | officers | appoint person director company with name date |
| 2022-09-14 | MA | incorporation | memorandum articles |
| 2022-09-08 | SH08 | capital | capital name of class of shares |
| 2022-09-08 | RESOLUTIONS | resolution | resolution |
| 2022-07-06 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-05-09 | AA | accounts | accounts with accounts type full |
| 2021-06-24 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2021-06-24 | CS01 | confirmation-statement | confirmation statement with updates |
| 2021-06-24 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2021-06-24 | TM01 | officers | termination director company with name termination date |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
3.82
SAFE
Altman Z″
- Working capital / Total assets 0.346 × 6.56 = +2.27
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.176 × 6.72 = +1.18
- Book equity / Total liabilities 0.349 × 1.05 = +0.37
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 2026-05-10
11.8
COLD
/ 100
- Filings velocity 17
- Capital events 0
- Officer churn 0
- Headcount trajectory 50
- Accounts trajectory 1
- 2 filing(s) in last 12 months
- Employees +0% YoY
- Net Assets -49% YoY