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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-02-20 (in 9mo)

Last made up 2026-02-06

Watchouts

3 items

Cash

£3M

+59.2% vs 2023

Net assets

£6M

-72.3% vs 2023

Employees

36

-7.7% vs 2023

Profit before tax

-£31M

-437.5% vs 2023

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £2,782,821£4,127,326
Operating profit -£5,929,956-£31,343,215
Profit before tax -£5,806,530-£31,212,353
Net profit -£5,806,530-£28,544,800
Cash £2,020,695£3,217,526
Total assets less current liabilities £22,849,143£6,859,204
Net assets £22,338,369£6,193,569
Equity £22,338,369£6,193,569
Average employees 3936
Wages £2,339,589£2,202,303
Directors' remuneration £188,574£167,000

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

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 2023-12-312024-12-31
Return on capital employed -26.0%-457.0%
Current ratio 1.65x2.34x
Interest cover -136.52x

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.

Name history

Renamed 1 time since incorporation

  1. MER CHARGING UK LIMITED 2021-04-13 → present
  2. GRONN KONTAKT UK LIMITED 2020-02-07 → 2021-04-13

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
PricewaterhouseCoopers LLP
Audit opinion
Unqualified (clean)
Going concern
Material uncertainty disclosed

“During 2024, a strategic decision was taken by MER AS, the intermediate parent of the company (the 'wider group') to divest its operations in the UK, and as a direct result the decision was taken to seek new ownership offer for the Company through a sales process. ... these events and conditions indicate the existence of a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern.”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

2 active · 11 resigned

Name Role Appointed Born Nationality
FIELDEN-GRAY, Adrian James Director 2026-03-13 Oct 1986 British
GHAFOOR, Asif Director 2026-03-13 Nov 1970 British
Show 11 resigned officers
Name Role Appointed Resigned
KAFIDIYA-OKE, Folasade, Mrs. Secretary 2020-02-07 2024-01-12
ANDERS, Karl Royden Director 2022-08-23 2023-10-24
DALE, Duncan Peter, Mr. Director 2020-02-07 2021-06-10
EIDE, Vidar Frøitland, Mr. Director 2020-02-07 2021-06-10
FLOOD, David John Director 2020-02-07 2021-06-10
HANNISDAHL, Ole Henrik Birger Lindelien, Mr. Director 2020-02-07 2021-06-10
HINCHCLIFFE, Alex, Mr. Director 2023-10-24 2026-03-13
HINDE, Anthony Joseph, Mr. Director 2020-02-07 2022-06-15
JORGENSEN, Nicholai Sheridan, Mr. Director 2021-06-10 2022-04-08
THONER, Kristoffer, Mr. Director 2021-06-10 2026-03-13
THORSNES, Ole Ronny, Mr. Director 2022-04-14 2026-03-13

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Iduna Evci Holdings Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2026-03-13 Active
Mer Uk Holding Limited Corporate entity Shares 75–100%, Voting 75–100% 2020-12-08 Ceased 2026-03-13
Mer Norway As Corporate entity Shares 75–100%, Voting 75–100% 2020-02-07 Ceased 2020-12-22

Filing timeline

Last 20 of 72 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2024-10-25 RESOLUTIONS Resolution
  • 2024-10-25 MA Memorandum articles
  • 2024-10-08 MA Memorandum articles
Date Type Category Description
2026-04-27 CH01 officers Change person director company with change date PDF
2026-03-16 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2026-03-16 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2026-03-16 AD01 address Change registered office address company with date old address new address PDF
2026-03-16 TM01 officers Termination director company with name termination date PDF
2026-03-16 TM01 officers Termination director company with name termination date PDF
2026-03-16 TM01 officers Termination director company with name termination date PDF
2026-03-16 AP01 officers Appoint person director company with name date PDF
2026-03-16 AP01 officers Appoint person director company with name date PDF
2026-03-03 AA accounts Accounts with accounts type full
2026-02-09 CS01 confirmation-statement Confirmation statement with updates PDF
2026-02-05 RP01SH01 miscellaneous Legacy PDF
2025-02-26 SH01 capital Capital allotment shares
2025-02-18 RP04SH01 capital Second filing capital allotment shares PDF
2025-02-07 CS01 confirmation-statement Confirmation statement with updates PDF
2024-10-25 RESOLUTIONS resolution Resolution
2024-10-25 MA incorporation Memorandum articles
2024-10-25 SH01 capital Capital allotment shares
2024-10-08 MA incorporation Memorandum articles
2024-10-07 AA accounts Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
12

last 12 months

Capital events
3

last 24 months

Officers appointed
2

last 12 months

Officers resigned
3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page