Merlin Cycles Limited
02826103
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 07/06/2026
Due 21/06/2027
Industry
Officers
Former
corporate nominee secretary · Resigned 11/06/1993
corporate nominee director · Resigned 11/06/1993
secretary · Resigned 07/04/2022
director · Resigned 07/04/2022
Persons with Significant Control
Merlin Cycles Group Limited
Unit A4, Buckshaw Link, Ordnance Road, Chorley, PR7 7EL
Reg: 10211408 · England And Wales · Limited Company
Notified 06/08/2016
Absolut Bikes Uk Limited
Unit A4, Buckshaw Link, Ordnance Road, Chorley, PR7 7EL
Reg: 10211408 · England And Wales · Limited Company
Notified 06/08/2016
Charges2 outstanding
HSBC UK BANK PLC
KREISSPARKASSE ESSLINGEN-NÃœRTINGEN
HSBC BANK PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
Change History
Private Limited Company
UNIT A4 BUCKSHAW LINK
Active
CHORLEY
CompanyRankvs 34+ SIC 47789 peers70
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
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. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Turnover
£24.5M
Annual revenue
Net Worth
£16.0M
Balance sheet strength
Cash
£959k
Cash in the bank
Profit Before Tax
£3.1M
Bottom line earnings
Net Current Assets
£15.9M
Working capital
Current Assets
£18.0M
Current Liabilities
£2.1M
Fixed Assets
£57k
Debtors
£11.9M
Cost of Sales
£18.7M
Gross Profit
£5.8M
Admin Expenses
£3.2M
Operating Profit
£2.7M
Profit After Tax
£2.3M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 8.65 | +£2.3M |
| 2023 | 8.99 | +£956k |
| 2022 | 5.74 | +£3.8M |
| 2021 | 3.80 | — |
Derived from filed accounts. Not audited figures.
Filing History99 filings
accounts with accounts type full
confirmation statement with updates
accounts with accounts type full
confirmation statement with updates
accounts with accounts type full
confirmation statement with updates
mortgage create with deed with charge number charge creation date
confirmation statement with updates
mortgage create with deed with charge number charge creation date
statement of companys objects
resolution
memorandum articles
appoint corporate director company with name date
termination secretary company with name termination date
termination director company with name termination date
appoint person director company with name date
change account reference date company current extended
mortgage satisfy charge full
accounts with accounts type full
accounts with accounts type full
confirmation statement with no updates
accounts with accounts type full
confirmation statement with updates
confirmation statement with updates
accounts with accounts type full
confirmation statement with no updates
accounts with accounts type small
confirmation statement with updates
accounts with accounts type small
change person director company with change date
annual return company with made up date full list shareholders
accounts with accounts type full
accounts with accounts type full
annual return company with made up date full list shareholders
annual return company with made up date full list shareholders
accounts with accounts type total exemption small
accounts with accounts type total exemption small
change person secretary company with change date
change person director company with change date
change registered office address company with date old address
annual return company with made up date full list shareholders
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accounts with accounts type small
annual return company with made up date full list shareholders
change account reference date company previous extended
annual return company with made up date full list shareholders
accounts with accounts type small
accounts with accounts type small
annual return company with made up date full list shareholders
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accounts with accounts type total exemption small
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accounts with accounts type total exemption small
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accounts with accounts type total exemption small
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accounts with accounts type total exemption small
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accounts with accounts type small
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accounts with accounts type small
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accounts with accounts type small
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accounts with accounts type small
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accounts with accounts type small
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accounts with accounts type small
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accounts with accounts type small
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selection of mortgage documents registered before January 1995
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incorporation company