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Merchants News Ltd.

03903904

active
Private Limited Company
england wales
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

THE GATEHOUSE, ILFORD, IG2 6EW
Incorporated 10/01/2000

Compliance

Last accounts

31/05/2025

micro entity

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 20/09/2025

Due 04/10/2026

On track

Industry

47190
Other retail sale in non-specialised stores

Officers

Mr Parth Patel

secretary · Since 03/06/2014

Also on 2 other boards

Mr Nalinkant Bhailalbhai Patel

director · Since 03/06/2014

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 65

Mr Parth Patel

director · Since 03/06/2014

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 33

Also on 2 other boards

Persons with Significant Control

Mrs Aruna Patel

25–50% shares
25–50% votes

British · England · Age 65

The Gatehouse, 453 Cranbrook Road, Ilford, IG2 6EW

Notified 06/04/2016

Mr Nalinkant Bhailalbhai Patel

25–50% shares
25–50% votes

British · England · Age 65

The Gatehouse, 453 Cranbrook Road, Ilford, IG2 6EW

Notified 06/04/2016

Mr Parth Patel

25–50% shares
25–50% votes

British · England · Age 33

The Gatehouse, 453 Cranbrook Road, Ilford, IG2 6EW

Notified 01/11/2018

Charges0 outstanding

Charge
satisfied

LLOYDS BANK PLC

Created 22/09/2023Registered 27/09/2023Satisfied 05/09/2025
Charge
satisfied

LLOYDS BANK PLC

Created 26/05/2023Registered 31/05/2023Satisfied 05/09/2025
Charge
satisfied

HSBC BANK PLC

Created 12/06/2014Registered 14/06/2014Satisfied 26/07/2021

CompanyRankvs 6605+ SIC 47190 peers
59

Financial strength82th percentile among SIC peers · 21/25
Employees39th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.14× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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6605Merchants News Ltd.
59
How is this score calculated?
Financial strength21/25 pts

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

Employees6/15 pts

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

Liquidity2/20 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 31/05/2025

Net Worth

£34k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£186k

Working capital

Current Assets

£31k

Current Liabilities

£217k

Fixed Assets

£349k

1avg. employees-1

Balance Sheet

Assets less current liabilities£162k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.14+£31k
20240.25-£37k
20231.63-£61k
20221.08+£41k
20210.88+£39k
20200.99+£8k
20190.91—

Derived from filed accounts. Not audited figures.