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Mermaid (Brands) Limited

09619888

active
Private Limited Company
england wales
Companies House
Health Score
57 / 100

Notable Risks

25/30
Filing
0/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

84 GROSVENOR STREET, LONDON, W1K 3JZ
Incorporated 02/06/2015

Compliance

Last accounts

28/12/2024

small

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 30/04/2026

Due 14/05/2027

On track

Industry

82990
Other business support service activities

Officers

Mr Paul Patrick Mcgowan

director · Since 26/10/2015

DIRECTOR

IRISH · IRELAND · Age 64

Also on 73 other boards

Mr Henry William Foster

director · Since 19/11/2015

INVESTMENT DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 71 other boards

Persons with Significant Control

Hilco Capital Limited

75–100% shares
75–100% votes
Appoint directors

84, Grosvenor Street, London, W1K 3JZ

Reg: 03944915 · Uk Register Of Companies · Private Company Limited By Shares

Notified 02/09/2025

Former PSCs

Huk 39 Limited

Ceased 02/09/2025

Charges4 outstanding

Charge
satisfied

PNC BUSINESS CREDIT A TRADING STYLE OF PNC FINANCIAL SERVICES UK LTD

Created 30/06/2016Registered 06/07/2016Satisfied 26/02/2019
Charge
outstanding

HUK 40 LIMITED

Created 16/12/2015Registered 04/01/2016
Charge
outstanding

GOODMANS CAPITAL INVESTMENTS LTD

Created 16/12/2015Registered 04/01/2016
charge
outstanding

GOODMANS CAPITAL INVESTMENTS LTD

Created 05/04/2013Registered 18/12/2015
charge
outstanding

1846 SECURITY TRUSTEE LIMITED

Created 05/04/2013Registered 18/12/2015

CompanyRankvs 146901+ SIC 82990 peers
10

Financial strength0th percentile among SIC peers · 0/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees2/15 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.

Longevity11/15 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.

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 going co

Key FinancialsYear ending 30/12/2023

Turnover

£49k

Annual revenue

Net Worth

-£12.9M

Balance sheet strength

Cash

£64

Cash in the bank

Net Current Assets

-£12.9M

Working capital

Current Assets

£662k

Current Liabilities

£13.6M

Fixed Assets

£1

Debtors

£662k

Gross Profit

£49k

Admin Expenses

£54k

Operating Profit

-£8k

Profit After Tax

-£8k

0avg. employees

Balance Sheet

Intangible assets£1
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20230.05+£2.0M
20220.05-£14k
20210.07

Derived from filed accounts. Not audited figures.