GLOBAL MERCANTILE LTD
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2026-09-04 (in 4mo)
Last made up 2025-08-21
Watchouts
Cash
£1M
+36.7% highest in 6 filed years
Net assets
£13M
+83.3% highest in 6 filed years
Employees
38
+11.8% highest in 6 filed years
Profit before tax
£7M
+9% highest 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
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2025-01-31
| Metric | Trend | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|
| Turnover | £1,648,504 | — | — | — | £41,774,858 | £44,385,787 | |
| Operating profit | £219,066 | — | — | — | £6,618,140 | £7,217,129 | |
| Profit before tax | £219,066 | — | — | — | £6,622,808 | £7,220,856 | |
| Net profit | — | — | — | — | £4,970,791 | £5,776,685 | |
| Cash | £21,074 | £64,860 | £98,736 | £221,095 | £917,319 | £1,254,397 | |
| Total assets less current liabilities | £177,444 | £717,486 | £1,184,731 | £1,966,439 | £6,937,230 | £12,713,916 | |
| Net assets | £177,444 | £527,643 | £1,184,731 | £1,966,439 | £6,937,230 | £12,713,916 | |
| Equity | £177,444 | £527,643 | £1,184,731 | £1,966,439 | £6,937,230 | £12,713,916 | |
| Average employees | 13 | 11 | 15 | 19 | 34 | 38 | |
| Wages | — | — | — | — | £1,142,154 | £1,285,640 | |
| Directors' remuneration | — | — | — | — | £152,322 | £171,900 |
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 2025-01-31 vs 2024-01-31
-
Turnover
+6.3%
£41,774,858 £44,385,787
highest in 3 filed years
-
Cash
+36.7%
£917,319 £1,254,397
highest in 6 filed years
-
Net assets
+83.3%
£6,937,230 £12,713,916
highest in 6 filed years
-
Employees
+11.8%
34 38
highest in 6 filed years
-
Operating profit
+9.1%
£6,618,140 £7,217,129
highest in 3 filed years
-
Profit before tax
+9%
£6,622,808 £7,220,856
highest in 3 filed years
-
Wages
+12.6%
£1,142,154 £1,285,640
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 | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 13.3% | — | — | — | 15.8% | 16.3% | |
| Net margin | — | — | — | — | 11.9% | 13.0% | |
| Return on capital employed | 123.5% | — | — | — | 95.4% | 56.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | 27.3% | 13.3% | |
| Current ratio | — | — | — | — | -3.15x | -6.41x |
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
- GLOBAL MERCANTILE LTD 2024-09-24 → present
- ABC WHOLESALES LIMITED 2019-01-21 → 2024-09-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- BPU Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has sufficient cash reserves and no long-term debt, therefore liquidity offers very low risk to the business. The Board are confident that the Company will continue to have sufficient resources to remain in operational existence for the foreseeable future.”
Significant events
- “Despite disruptions from ongoing global conflicts, including the Russia-Ukraine war, the Company has concentrated on its core activities. Sales of goods saw an increase due to the development of a new supply chain. Importantly, overall income remained stable, with revenue growth partly attributed to a company restructure”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SPADARO, Carmela | Director | 2025-04-01 | Nov 1961 | Italian |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SIDHU, Jeevan Kaur | Director | 2019-01-21 | 2025-11-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ms Carmela Spadaro | Individual | Shares 75–100% | 2025-04-01 | Active |
| Miss Jeevan Kaur Sidhu | Individual | Shares 75–100% | 2019-01-21 | Ceased 2025-04-01 |
Filing timeline
Last 20 of 24 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-24 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-27 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-01-26 | AA | accounts | Accounts with accounts type full | |
| 2026-01-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-30 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-08-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-12 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-28 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-10-15 | AA | accounts | Accounts with accounts type full | |
| 2024-09-24 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-17 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-01-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-10 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2022-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-17 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- 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.