MERCER ST OPCO LTD
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Cash
£1.3m
+5.8% highest in 3 filed years
Net assets
-£6.8m
-421.7% lowest in 3 filed years
Employees
65
-21.7% lowest in 3 filed years
Profit before tax
-£9.4m
-418.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Directors prepared financial statements on a going concern basis. However, uncertainty around refinancing timing and the lack of a legal guarantee from the shareholder's letter of support indicate material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £15,758,437 | £15,229,263 | £14,146,632 | -7.1% | |
| Operating profit | £6,226,720 | £3,885,282 | -£7,707,822 | -298.4% | |
| Profit before tax | £4,088,613 | £2,948,570 | -£9,393,888 | -418.6% | |
| Net profit | £3,869,508 | £2,700,961 | -£7,164,632 | -365.3% | |
| Cash | £1,262,591 | £1,274,900 | £1,349,248 | +5.8% | |
| Total assets less current liabilities | £113,500,495 | £48,335,221 | £11,878,920 | -75.4% | |
| Net assets | £63,137,045 | £2,119,271 | -£6,816,877 | -421.7% | |
| Equity | £63,137,045 | £2,119,271 | -£6,816,877 | -421.7% | |
| Average employees | 96 | 83 | 65 | -21.7% | |
| Wages | £3,327,809 | £2,585,462 | £2,326,933 | -10% | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 39.5% | 25.5% | -54.5% | |
| Net margin | 24.6% | 17.7% | -50.6% | |
| Return on capital employed | 5.5% | 8.0% | -64.9% | |
| Gearing (liabilities / total assets) | 45.5% | 98.5% | 105.9% | |
| Current ratio | 0.83x | 0.19x | 0.02x | |
| Interest cover | 2.83x | 3.76x | -4.36x |
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
- MERCER ST OPCO LTD 2024-02-10 → present
- EDWARDIAN MERCER STREET LTD 2011-09-27 → 2024-02-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Directors prepared financial statements on a going concern basis. However, uncertainty around refinancing timing and the lack of a legal guarantee from the shareholder's letter of support indicate material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern.”
Significant events
- “Outstanding capital commitments of £3,613,486 (2024 - £Nil), relating to construction contracts for the refurbishment of the hotel.”
- “As at 31 December 2025, the Company was in breach of financial covenants specified within the loan agreement. The breach has not been formally waived or the terms renegotiated prior to the authorisation of these financial statements, however the Directors remain in negotiations with the Lender regarding a renewal of the facility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MSP CORPORATE SERVICES LIMITED | Corporate Secretary | 2024-01-12 | — | — |
| CHADWICK, Nicholas Mark | Director | 2024-01-12 | Nov 1981 | British |
| KOLBERT, Simon | Director | 2025-12-19 | Sep 1989 | German |
| PENNY, Christopher Scott Harrison | Director | 2024-01-12 | Sep 1987 | British |
| TOLLEY, Thomas Mark | Director | 2024-01-12 | Jul 1978 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WASON, Vijay | Secretary | 2011-09-27 | 2024-01-12 |
| DEAR, Krishma | Director | 2022-03-08 | 2024-01-12 |
| HART, Andrew | Director | 2020-03-31 | 2024-01-12 |
| MORLEY, John Robert | Director | 2011-09-27 | 2020-03-31 |
| SHAH, Shashi Merag | Director | 2020-03-31 | 2024-01-12 |
| SINGH, Amrit, Mrs. | Director | 2020-03-31 | 2024-01-12 |
| SINGH, Inderneel | Director | 2020-03-31 | 2024-01-12 |
| SINGH, Jasminder | Director | 2011-09-27 | 2024-01-12 |
| SINGH, Siraj, Mrs. | Director | 2020-03-31 | 2024-01-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Robinson Hotels Holdco Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 79 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-18 RESOLUTIONS Resolution
- 2024-02-10 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-11 | AA | accounts | Accounts with accounts type full | |
| 2025-08-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-18 | SH20 | capital | Legacy | |
| 2024-12-18 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-12-18 | CAP-SS | insolvency | Legacy | |
| 2024-12-18 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-16 | SH01 | capital | Capital allotment shares | |
| 2024-10-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-12 | AA | accounts | Accounts with accounts type full | |
| 2024-02-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-10 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-01-24 | AD02 | address | Change sail address company with old address new address | |
| 2024-01-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-23 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 3
- Officers appointed
- 1
- 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.