MERCURY FOREIGN EXCHANGE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-01 (in 2mo)
Last made up 2025-06-17
Watchouts
Cash
£104K
+106.7% vs 2023
Net assets
£501K
-45.7% lowest in 3 filed years
Employees
6
0% vs 2023
Profit before tax
-£577K
-262.7% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £823,516 | — | £740,391 | £550,770 | |
| Operating profit | — | — | — | — | — | £75,269 | -£144,323 | |
| Profit before tax | — | — | — | £227,625 | — | £354,786 | -£577,413 | |
| Net profit | — | — | — | £227,625 | — | £338,538 | -£577,413 | |
| Cash | — | — | — | £704,228 | — | £50,249 | £103,845 | |
| Total assets less current liabilities | — | — | — | £1,222,576 | — | £922,502 | £500,685 | |
| Net assets | — | — | — | £804,167 | — | £922,502 | £500,685 | |
| Equity | £344,229 | £391,384 | £576,542 | £804,167 | — | £922,502 | £500,685 | |
| Average employees | — | — | — | 4 | — | 6 | 6 | |
| Wages | — | — | — | £395,367 | — | £313,950 | £329,433 | |
| Directors' remuneration | — | — | — | £249,450 | — | £141,130 | £190,057 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-25.6%
£740,391 £550,770
lowest in 3 filed years
-
Cash
+106.7%
£50,249 £103,845
-
Net assets
-45.7%
£922,502 £500,685
lowest in 3 filed years
-
Employees
0%
6 6
-
Operating profit
-291.7%
£75,269 -£144,323
-
Profit before tax
-262.7%
£354,786 -£577,413
lowest in 3 filed years
-
Wages
+4.9%
£313,950 £329,433
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 10.2% | -26.2% | |
| Net margin | — | — | — | 27.6% | — | 45.7% | -104.8% | |
| Return on capital employed | — | — | — | — | — | 8.2% | -28.8% | |
| Current ratio | — | — | — | — | — | 5.18x | 3.31x | |
| Interest cover | — | — | — | — | — | 0.47x | -6.05x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Jamieson Alexander Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”
Significant events
- “A key highlight for the year was the successful completion of an investment agreement with CoinCorner, a strategic partner. This investment has provided the company with additional capital.”
- “On 4 July 2025, Mercury Foreign Exchange Limited completed the acquisition of 100% of the share capital of Mercury Technology Labs Limited, a company that developed the proprietary software used by Mercury Foreign Exchange Limited to execute currency transactions and cross-boarder payments for its customers.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLLINS, Matthew Robert | Director | 2017-09-25 | Oct 1978 | British |
| CONSTANCE, Alastair | Director | 2007-12-05 | Feb 1980 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CONSTANCE, Julian | Secretary | 2007-12-05 | 2013-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Simon Boddy | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-12-12 |
| Mr Alastair Constance | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 78 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-07-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-03 | CH01 | officers | Change person director company with change date | |
| 2025-06-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-17 | SH01 | capital | Capital allotment shares | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-27 | SH01 | capital | Capital allotment shares | |
| 2025-05-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-23 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-05-09 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-05-06 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-03-13 | AA | accounts | Accounts with accounts type full | |
| 2024-12-30 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-11-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-04 | CH01 | officers | Change person director company with change date | |
| 2024-11-04 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 5
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.