Merchant Finance London Limited
11059045
Some Concerns
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 15/08/2025
Due 29/08/2026
Industry
Officers
director · Since 10/11/2017
NON EXECUTIVE DIRECTOR
SOUTH AFRICAN,ISRAELI · ISRAEL · Age 39
Also on 2 other boards
director · Since 28/05/2019
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 39
Also on 8 other boards
director · Since 17/08/2020
NON-EXECUTIVE DIRECTOR
BRITISH · ENGLAND · Age 54
Also on 14 other boards
Persons with Significant Control
Mr Daniel Dov David
British · United Kingdom · Age 39
188, Brent Street, London, NW4 1BE
Notified 24/03/2021
Mr Yisrael Nosson Perkel
South African,Israeli · Israel · Age 39
188, Brent Street, London, NW4 1BE
Notified 24/03/2021
Former PSCs
Evergreen Finance London Limited
Ceased 10/11/2017
Mr Yisrael Nosson Perkel
Ceased 30/04/2020
Papieya Holdings Limited
Ceased 10/11/2017
Charges1 outstanding
ALTUM MANAGEMENT (UK) LIMITED
SHAWBROOK BANK LIMITED
CompanyRankvs 484+ SIC 64910 peers28
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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
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
financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern The directors consider the use of the going concern basis as appropriate in view of there being no known material uncertainties related to events or conditions that may cast significant
Key FinancialsYear ending 31/12/2024
Net Worth
-£1.0M
Balance sheet strength
Cash
£884k
Cash in the bank
Net Current Assets
£2.4M
Working capital
Current Assets
£3.9M
Current Liabilities
£1.5M
Fixed Assets
£21k
Debtors
£3.0M
Tax at Year End(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.61 | -£56k |
| 2023 | 3.96 | -£719k |
| 2020 | 0.84 | -£264k |
| 2019 | 1.00 | -£5k |
| 2018 | 1.06 | — |
Derived from filed accounts. Not audited figures.