MERCANTILE TRUST LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-02 (in 5mo)
Last made up 2025-09-18
Watchouts
None on the register
Cash
£2M
+34.5% vs 2023
Net assets
£13M
+3.6% vs 2023
Employees
12
+33.3% vs 2023
Profit before tax
£594K
+44.2% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £2,651,000 | £3,507,000 | |
| Operating profit | £412,000 | £594,000 | |
| Profit before tax | £412,000 | £594,000 | |
| Net profit | £315,000 | £446,000 | |
| Cash | £1,470,000 | £1,977,000 | |
| Total assets less current liabilities | £23,671,000 | £12,729,000 | |
| Net assets | £12,283,000 | £12,729,000 | |
| Equity | £12,283,000 | £12,729,000 | |
| Average employees | 9 | 12 | |
| Wages | £410,000 | £590,000 | |
| Directors' remuneration | £54,000 | £55,000 |
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
+32.3%
£2,651,000 £3,507,000
-
Cash
+34.5%
£1,470,000 £1,977,000
-
Net assets
+3.6%
£12,283,000 £12,729,000
-
Employees
+33.3%
9 12
-
Operating profit
+44.2%
£412,000 £594,000
-
Profit before tax
+44.2%
£412,000 £594,000
-
Wages
+43.9%
£410,000 £590,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 15.5% | 16.9% | |
| Net margin | 11.9% | 12.7% | |
| Return on capital employed | 1.7% | 4.7% | |
| Gearing (liabilities / total assets) | 48.6% | 2.9% | |
| Current ratio | 108.60x | 8.28x |
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.
Name history
Renamed 1 time since incorporation
- MERCANTILE TRUST LIMITED 2015-11-23 → present
- CENTRAL LENDING SERVICING LIMITED 2009-09-18 → 2015-11-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Lovewell Blake LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are required to make an assessment of the Company's ability to continue to trade as a going concern. The directors have given this matter careful consideration and, in light of the above matters, have concluded that it is appropriate to prepare the financial statements on a going concern basis.”
Group structure
- MERCANTILE TRUST LIMITED · parent
- Mercantile Trust Syndicate Number One Limited 100%
Significant events
- “In December 2024, the Company sold the majority of its loan book to MTSNOL.”
- “In the prior year, the Company had an RCF provided by National Westminster Bank PLC that allowed the Company to borrow up to £20,000,000. This was repaid in full on 20 December 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CROSS, Tara | Secretary | 2024-11-01 | — | — |
| AFFLECK, Graeme John | Director | 2025-08-11 | May 1985 | British |
| BURTON, Debbie Carol | Director | 2015-02-05 | Jun 1971 | British |
| EVANS, Tara Louise | Director | 2025-01-13 | May 1982 | British |
| HOLLANDER, Paul Joseph | Director | 2017-01-19 | Sep 1980 | British |
| TURNER, Andrew Clive | Director | 2009-09-30 | Jun 1958 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| POOLEY, Maureen | Secretary | 2009-09-18 | 2009-09-30 |
| RICHARDSON, Anthony | Secretary | 2009-09-30 | 2024-11-01 |
| ASTLEY, Carl Daniel | Director | 2021-09-27 | 2025-06-19 |
| BURTON, Debbie Carol | Director | 2010-01-27 | 2013-08-29 |
| COLLINS, Stephen Geoffrey | Director | 2011-08-08 | 2012-09-14 |
| EKE, Graham Charles | Director | 2011-08-08 | 2017-01-19 |
| KEEN, Emma Rachel | Director | 2009-09-18 | 2009-09-30 |
| MASDING, Jeremy John | Director | 2009-09-30 | 2009-11-12 |
| OWEN, Robert John | Director | 2014-01-27 | 2014-07-18 |
| PAINTER, Jonathan David | Director | 2009-09-30 | 2016-09-19 |
| POOLEY, Maureen | Director | 2009-09-18 | 2009-09-30 |
| ROWETT, Charles Francis Sam | Director | 2009-11-26 | 2011-01-07 |
| TRAVIS, Warren Anthony | Director | 2017-01-19 | 2021-07-31 |
| WARD, Maeve | Director | 2020-12-18 | 2024-01-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Norfolk Capital Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 208 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-16 | CH01 | officers | Change person director company with change date | |
| 2025-09-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-15 | AA | accounts | Accounts with accounts type full | |
| 2025-02-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-31 | MR04 | mortgage | Mortgage satisfy charge full |
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.