CHINA MERCHANTS SECURITIES (UK) LIMITED
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Cash
£3.1M
USD 4,198,000
-59% lowest in 3 filed years
Net assets
£16M
USD 21,665,000
-2.2% lowest in 3 filed years
Employees
6
-14.3% lowest in 3 filed years
Profit before tax
-£368K
USD -491,000
+19% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Accounts not prepared on a going-concern basis
Following the resolution by the Board of Directors of China Merchants Securities Co., Ltd. (the parent company) at its 17th Meeting of the 8th Session held on 18 April 2025 to liquidate the Company, management has concluded that the going concern basis of accounting is no longer appropriate. Accordingly, the financial statements for the year ended 31 December 2025 have been prepared on a basis other than going concern, as described in Note 2(b).
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Financials 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 | £194,640 | £125,767 | £26,202 | -79.2% | |
| Operating profit | -£1,423,117 | -£1,239,707 | -£1,006,139 | +18.8% | |
| Profit before tax | -£579,428 | -£453,661 | -£367,570 | +19% | |
| Net profit | -£579,428 | -£453,661 | -£367,570 | +19% | |
| Cash | £11,602,036 | £7,662,075 | £3,142,686 | -59% | |
| Total assets less current liabilities | — | £16,586,315 | £16,218,745 | -2.2% | |
| Net assets | £17,039,976 | £16,586,315 | £16,218,745 | -2.2% | |
| Equity | £17,039,976 | £16,586,315 | £16,218,745 | -2.2% | |
| Average employees | 8 | 7 | 6 | -14.3% | |
| Wages | £836,203 | £574,188 | £550,981 | -4% | |
| Directors' remuneration | — | £348,855 | £340,620 | -2.4% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|---|---|
| Return on capital employed | — | -7.5% | -6.2% | |
| Gearing (liabilities / total assets) | 3.1% | 2.3% | 1.1% | |
| Current ratio | 48.23x | 40.63x | 80.55x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“Following the resolution by the Board of Directors of China Merchants Securities Co., Ltd. (the parent company) at its 17th Meeting of the 8th Session held on 18 April 2025 to liquidate the Company, management has concluded that the going concern basis of accounting is no longer appropriate. Accordingly, the financial statements for the year ended 31 December 2025 have been prepared on a basis other than going concern, as described in Note 2(b).”
Significant events
- “Pursuant to the resolutions passed at the 17th meeting of the 8th session of the Board of Directors of China Merchants Securities Co., Ltd. (the parent company) on 18 April 2025, the Company will be struck off.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRAVITA TRUSTEES LIMITED | Corporate Secretary | 2023-11-23 | — | — |
| BUTLER, Michael James | Director | 2023-05-08 | Mar 1967 | British |
| CONG, Lufeng | Director | 2021-08-01 | Jun 1972 | Chinese |
| PARK, Soo Jung | Director | 2023-10-19 | Oct 1978 | South Korean |
| ZHANG, Lixin | Director | 2021-08-01 | Jul 1967 | Chinese |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HACKWOOD SECRETARIES LIMITED | Corporate Secretary | 2013-10-25 | 2023-11-23 |
| BUTLER, Michael James | Director | 2014-06-17 | 2017-04-28 |
| CHAN, Cheung Hung | Director | 2018-07-17 | 2021-08-01 |
| CHAN, Stephen Yat Wai | Director | 2013-10-25 | 2017-11-17 |
| KAN, Yiu Kwong | Director | 2014-02-17 | 2016-08-01 |
| LING, Bin | Director | 2018-07-17 | 2020-04-14 |
| MA, Xiaoli | Director | 2020-04-14 | 2021-08-01 |
| MA, Ying | Director | 2020-04-14 | 2020-05-25 |
| TSANG, Kwok Yuk | Director | 2015-12-18 | 2017-07-07 |
| WONG, Alexis Tsz Tuk | Director | 2013-10-25 | 2015-12-18 |
| YANG, Fan | Director | 2014-02-17 | 2020-04-14 |
| YUAN, Dong | Director | 2016-08-12 | 2018-09-19 |
| ZHANG, Wei | Director | 2017-03-01 | 2023-07-21 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 74 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | AA | accounts | Accounts with accounts type full | |
| 2026-06-27 | AD02 | address | Change sail address company with old address new address | |
| 2026-06-25 | CH01 | officers | Change person director company with change date | |
| 2026-06-25 | CH01 | officers | Change person director company with change date | |
| 2026-06-25 | CH01 | officers | Change person director company with change date | |
| 2026-06-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-05 | CH01 | officers | Change person director company with change date | |
| 2025-06-19 | AA | accounts | Accounts with accounts type full | |
| 2025-01-22 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-04 | CH01 | officers | Change person director company with change date | |
| 2024-05-09 | AA | accounts | Accounts with accounts type full | |
| 2023-12-08 | AD02 | address | Change sail address company with old address new address | |
| 2023-12-07 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-12-07 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-10-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-17 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- 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.