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Merch (Nwi) Ltd

14391490

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

UNIT 1 REEVES CORNER, NORWICH, NR13 5BY
Incorporated 02/10/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

14190
Manufacture of other wearing apparel and accessories

Officers

Mr Matthew David William Reece Hulett

director · Since 31/07/2024

DIRECTOR

BRITISH · ENGLAND · Age 60

Persons with Significant Control

Mr Karl Hickey

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

British · England · Age 59

Unit 3 North Lynn Business Village, Bergen Way, North Lynn Industrial Estate, King's Lynn, PE30 2JG

Notified 13/01/2023

Former PSCs

Jr Holdings (London) Ltd

Ceased 13/01/2023

Charges2 outstanding

Charge
outstanding

SENECA TRADE PARTNERS LTD

Created 06/02/2023Registered 27/02/2023
Charge
outstanding

WHITE OAK NO.6 LIMITED

Created 27/01/2023Registered 08/02/2023

CompanyRankvs 2715+ SIC 14190 peers
25

Financial strength1th percentile among SIC peers · 0/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.32× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2715Merch (Nwi) Ltd
34
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.

Employees14/15 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.

Longevity4/15 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

-£1.3M

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£556k

Working capital

Current Assets

£266k

Current Liabilities

£822k

Fixed Assets

£27k

Debtors

£155k

12avg. employees-14

Tax at Year End(2023)

VAT£103k

Director Loans(2023)

Directors owe company£30k

Balance Sheet

Assets less current liabilities-£529k
Signed by Mr Matthew Hulett 25 April 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.32-£1.2M—
20230.81—£2.1M

Derived from filed accounts. Not audited figures.