MERE PLANTATIONS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.2 in the financial statements, which indicates that there are various timber sales agreements and other transactions currently in progress that are not yet finalised. As stated in note 2.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -24.5%

  £9,077,209 → £6,849,927

• Cash

  -93.1%

  £132,716 → £9,107

• Net assets

  —

  Not reported

• Employees

  -10%

  10 → 9

• Operating profit

  -32.7%

  £167,596,833 → £112,833,833

• Profit before tax

  -32.5%

  £168,499,819 → £113,725,403

• Wages

  -15.1%

  £221,483 → £188,109

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. MERE PLANTATIONS LIMITED 2007-01-12 → present
2. TEMPLECO 652 LIMITED 2007-01-04 → 2007-01-12

Accounting basis

FRS 102

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.2 in the financial statements, which indicates that there are various timber sales agreements and other transactions currently in progress that are not yet finalised. As stated in note 2.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “As we move through 2026, we switch focus to concerted logging and commercial exploitation of our timber resources. The company plans to move into a phase of prolonged rotational coppice, with up to 20% of timber taken out and placed into the international markets. This will take place across all stands up to 2015 planting.”
• “The financial year to 29 June 2025 saw the expected and previously communicated growth in Mean Annual Increments ('MAls') across all stands, breaking the target of 15% (we achieved 16.1%).”
• “August 2025 saw Ghana become the second country globally, after Indonesia, and the first country in Africa, to secure Forest Law Enforcement Governance and Trade (FLEGT) licencing.”
• “The company has authorised and commissioned the formation of an AIF (Alternative Investment Fund) alongside its long-term fund manager. This is an exciting step both for the company and the wider green investment industry.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.