MERCIA FUND MANAGEMENT LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-05 (in 3mo)
Last made up 2025-07-22
Watchouts
None on the register
Cash
£17M
+4% vs 2024
Net assets
£37M
-4.3% vs 2024
Employees
43
-8.5% vs 2024
Profit before tax
£4M
+1.4% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £15,074,651 | £15,445,843 | |
| Operating profit | £3,234,026 | £3,092,531 | |
| Profit before tax | £4,127,890 | £4,185,306 | |
| Net profit | £4,352,311 | £3,305,845 | |
| Cash | £15,899,580 | £16,531,377 | |
| Total assets less current liabilities | £42,156,443 | £39,943,214 | |
| Net assets | £39,120,213 | £37,426,058 | |
| Equity | £39,120,213 | £37,426,058 | |
| Average employees | 47 | 43 | |
| Wages | £5,195,160 | £5,453,316 | |
| Directors' remuneration | £1,148,408 | £1,020,891 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+2.5%
£15,074,651 £15,445,843
-
Cash
+4%
£15,899,580 £16,531,377
-
Net assets
-4.3%
£39,120,213 £37,426,058
-
Employees
-8.5%
47 43
-
Operating profit
-4.4%
£3,234,026 £3,092,531
-
Profit before tax
+1.4%
£4,127,890 £4,185,306
-
Wages
+5%
£5,195,160 £5,453,316
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 21.5% | 20.0% | |
| Net margin | 28.9% | 21.4% | |
| Return on capital employed | 7.7% | 7.7% | |
| Gearing (liabilities / total assets) | 16.3% | 17.7% | |
| Current ratio | 3.91x | 3.37x | |
| Interest cover | 184.30x | 166.30x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the continued strength of the Company's balance sheet, including its significant liquidity position at the year end and its forecast future operating and fund management activities, the Directors have a reasonable expectation that the Company has adequate financial resources to manage business risks in the current economic environment, and continue in operational existence for a period of at least twelve months from the date of this report. Accordingly, the Directors continue to adopt the going concern basis in preparing these financial statements.”
Group structure
- MERCIA FUND MANAGEMENT LIMITED · parent
- Mercia Company Secretarial Services Limited 100%
- Mercia Digital Nominees Limited 100%
- Mercia Fund 1 General Partner Limited 98%
- Mercia Fund Management (Nominees) Limited 100%
- Mercia Growth Nominees Limited 100%
- Mercia Growth Nominees 2 Limited 100%
- Mercia Growth Nominees 3 Limited 100%
- Mercia Growth Nominees 4 Limited 100%
- Mercia Growth Nominees 5 Limited 100%
- Mercia Growth Nominees 6 Limited 100%
- Mercia Growth Nominees 7 Limited 100%
- Mercia Growth Nominees 8 Limited 100%
- Mercia Investment Management Limited 100%
- Mercia Technologies Limited 100%
- UGF Nominees Limited 100%
- WM AHSN SME General Partner Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MERCIA COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2022-09-30 | — | — |
| CLARK, William Arthur | Director | 2025-10-01 | Mar 1968 | British |
| GLANFIELD, Martin James | Director | 2016-11-30 | Jan 1959 | British |
| MATTICK, Paul Antony David, Dr | Director | 2018-11-13 | Apr 1978 | British |
| PAYTON, Mark Andrew | Director | 2010-09-20 | Apr 1967 | British |
| SLY, James Francis | Director | 2022-11-16 | Jan 1992 | British |
| VIGGARS, Julian George | Director | 2016-06-29 | Jan 1968 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAILEY, Ceri | Secretary | 2018-09-11 | 2020-02-25 |
| BHATTACHARJEE, Rosie | Secretary | 2017-10-20 | 2018-09-11 |
| SCOTT, Ian Bennett | Secretary | 2009-07-27 | 2017-10-20 |
| THAWLEY, Sarah-Louise Anne | Secretary | 2020-02-25 | 2021-08-11 |
| VENABLES, Graham | Secretary | 2021-08-11 | 2022-09-30 |
| BOOTH, Ian Martyn | Director | 2009-07-27 | 2012-11-16 |
| CHAMBERLAIN, Raymond Kenneth | Director | 2012-11-16 | 2016-11-30 |
| DAFFERN, Paul | Director | 2009-07-27 | 2011-05-16 |
| DINES, Peter Michael | Director | 2016-11-30 | 2025-09-30 |
| HAZELL, Timothy Robert Anthony | Director | 2011-05-16 | 2018-07-18 |
| MEAD, Matthew Sidney | Director | 2015-06-24 | 2018-05-04 |
| SCOTT, Ian Bennett | Director | 2012-12-11 | 2017-10-12 |
| WINWARD, Charles Stephen | Director | 2020-01-10 | 2021-01-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mercia Asset Management Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 100 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-12-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-15 | AA | accounts | Accounts with accounts type full | |
| 2025-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-10 | AA | accounts | Accounts with accounts type full | |
| 2024-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-21 | AA | accounts | Accounts with accounts type full | |
| 2022-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-04 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2022-10-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-21 | AA | accounts | Accounts with accounts type full | |
| 2021-08-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-08-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-07-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2021-01-10 | AA | accounts | Accounts with accounts type full | |
| 2020-12-03 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.