Mercian Events Ltd
05930651
Some Concerns
- Negative net worth (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/06/2024
DIRECTOR
BRITISH · ENGLAND · Age 60
Also on 2 other boards
Persons with Significant Control
Mr Keith Istead
British · England · Age 85
Unit 11, Northbrook Close, Worcester, WR3 8BP
Notified 26/04/2018
Mr Timothy David Istead
British · England · Age 60
Unit 11, Northbrook Close, Worcester, WR3 8BP
Notified 11/05/2020
Former PSCs
Mr Timothy David Istead
Ceased 14/09/2018
Mr James Istead
Ceased 04/04/2018
Charges1 outstanding
LAPID DEVELOPMENTS LIMITED
CompanyRankvs 4113+ SIC 70210 peers47
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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
Outstanding charges: -10 pts
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
-£60k
Balance sheet strength
Cash
£106
Cash in the bank
Net Current Assets
£7k
Working capital
Current Assets
£58k
Current Liabilities
£51k
Fixed Assets
£145k
Debtors
£58k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.15 | +£52k |
| 2024 | 0.88 | +£18k |
| 2023 | 0.76 | +£31k |
| 2022 | 0.88 | -£3k |
| 2021 | 1.23 | — |
Derived from filed accounts. Not audited figures.