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Merula Limited

03243995

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

ELWES HOUSE, PETERBOROUGH, PE1 2TP
Incorporated 30/08/1996

Compliance

Last accounts

30/11/2024

total exemption full

Next accounts due

31/08/2026

On track

Confirmation statement

Last: 29/08/2025

Due 12/09/2026

On track

Industry

61900
Other telecommunications activities
62030
Computer facilities management activities
62090
Other information technology service activities

Officers

Mr Simon Peter Cornwell

director · Since 01/08/2024

SALES DIRECTOR

ENGLISH · ENGLAND · Age 57

Mr Steffan John Dancy

director · Since 01/08/2024

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 14 other boards

Mr Stephen Ainsley Watkins

director · Since 01/08/2024

OPERATIONS DIRECTOR

BRITISH · UNITED KINGDOM · Age 38

Also on 8 other boards

Persons with Significant Control

Rydal Communications Ltd

75–100% shares
75–100% votes

Elwes House, 19 Church Walk, Peterborough, PE1 2TP

Reg: 06738960 · England And Wales Companies House · Limited Company

Notified 01/08/2024

Former PSCs

Mr Richard James Palmer

Ceased 01/08/2024

Charges0 outstanding

charge
satisfied

BARCLAYS BANK PLC

Created 23/04/2003Registered 30/04/2003Satisfied 24/04/2009
charge
satisfied

HSBC BANK PLC

Created 21/02/2002Registered 23/02/2002Satisfied 03/09/2010

CompanyRankvs 5398+ SIC 61900 peers
49

Financial strength2th percentile among SIC peers · 1/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.5× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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5398Merula Limited
45
How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/11/2024

Net Worth

-£244k

Balance sheet strength

Cash

£77k

Cash in the bank

Net Current Assets

-£296k

Working capital

Current Assets

£298k

Current Liabilities

£594k

Fixed Assets

£187k

Debtors

£221k

3avg. employees

Balance Sheet

Intangible assets£82k
Bank loans & overdrafts£52k
Assets less current liabilities-£109k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.50-£192k
20240.55+£21k
20230.55+£3k
20221.19-£55k
20211.03+£29k
20200.95+£93k
20190.49+£113k
20180.33—

Derived from filed accounts. Not audited figures.