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Merlin Cycles Group Limited

10211408

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

UNIT A4-A5 BUCKSHAW LINK, CHORLEY, PR7 7EL
Incorporated 02/06/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Cyclefusion Gmbh

director · Since 07/04/2022

Mr Andrew Oldham

director · Since 07/04/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Also on 1 other board

Persons with Significant Control

Cyclefusion Gmbh

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

Robert-Bosch-Strasse 17, Ostfildern, 73760

Reg: Hrb783185 · Germany · Company

Notified 30/03/2022

Former PSCs

Mrs Deborah Moss

Ceased 30/03/2022

Mr John Alan Moss

Ceased 30/03/2022

Charges1 outstanding

Charge
outstanding

KREISSPARKASSE ESSLINGEN-NÃœRTINGEN

Created 31/05/2022Registered 01/06/2022
Charge
satisfied

HSBC UK BANK PLC

Created 25/03/2019Registered 27/03/2019Satisfied 22/03/2022

CompanyRankvs 10865+ SIC 64209 peers
41

Financial strength98th percentile among SIC peers · 25/25
Employees75th percentile among SIC peers · 11/15
LiquidityNo balance sheet data · 0/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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10865Merlin Cycles Group Limited
61
How is this score calculated?
Financial strength25/25 pts

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

Employees11/15 pts

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

Liquidity0/20 pts

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

Longevity10/15 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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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

Net Current Assets

-£1

Working capital

Current Assets

—

Current Liabilities

£1

Fixed Assets

£501

Debtors

£31k

Cost of Sales

£18.7M

Gross Profit

£5.8M

Admin Expenses

£3.2M

Operating Profit

£2.7M

Profit After Tax

£2.3M

2avg. employees-34

Tax at Year End

Corp tax£275k

People Costs

Wages & salaries£967k
NI contributions£90k

Balance Sheet

Intangible assets£1
Assets less current liabilities£57k
Prepared with CCH Software