project mercury topco limited
project mercury topco limited Company Information
Company Number
13295767
Next Accounts
Sep 2025
Shareholders
northedge capital fund iii lp (held by northedge capital nominee limited as nominee)
northedge capital coinvest iii lp (held by northedge capital nominee limited as nominee)
View AllGroup Structure
View All
Industry
Non-trading company
Registered Address
lansdowne gate new road, solihull, B91 3DL
Website
-project mercury topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT MERCURY TOPCO LIMITED at £93.4m based on a Turnover of £74.9m and 1.25x industry multiple (adjusted for size and gross margin).
project mercury topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT MERCURY TOPCO LIMITED at £65.4m based on an EBITDA of £6.6m and a 9.87x industry multiple (adjusted for size and gross margin).
project mercury topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT MERCURY TOPCO LIMITED at £24.5m based on Net Assets of £18.8m and 1.31x industry multiple (adjusted for liquidity).
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Project Mercury Topco Limited Overview
Project Mercury Topco Limited is a live company located in solihull, B91 3DL with a Companies House number of 13295767. It operates in the non-trading company sector, SIC Code 74990. Founded in March 2021, it's largest shareholder is northedge capital fund iii lp (held by northedge capital nominee limited as nominee) with a 88.9% stake. Project Mercury Topco Limited is a startup, large sized company, Pomanda has estimated its turnover at £74.9m with unknown growth in recent years.
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Project Mercury Topco Limited Health Check
Pomanda's financial health check has awarded Project Mercury Topco Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
1 Weak
Size
annual sales of £74.9m, make it larger than the average company (£3.9m)
£74.9m - Project Mercury Topco Limited
£3.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Project Mercury Topco Limited
- - Industry AVG
Production
with a gross margin of 35.8%, this company has a comparable cost of product (35.8%)
35.8% - Project Mercury Topco Limited
35.8% - Industry AVG
Profitability
an operating margin of 6.5% make it more profitable than the average company (4.9%)
6.5% - Project Mercury Topco Limited
4.9% - Industry AVG
Employees
with 388 employees, this is above the industry average (42)
388 - Project Mercury Topco Limited
42 - Industry AVG
Pay Structure
on an average salary of £70k, the company has a higher pay structure (£42.2k)
£70k - Project Mercury Topco Limited
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £193k, this is more efficient (£154.1k)
£193k - Project Mercury Topco Limited
£154.1k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (41 days)
38 days - Project Mercury Topco Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is close to average (41 days)
42 days - Project Mercury Topco Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Project Mercury Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is average cash available to meet short term requirements (34 weeks)
32 weeks - Project Mercury Topco Limited
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.5%, this is a similar level of debt than the average (47.9%)
48.5% - Project Mercury Topco Limited
47.9% - Industry AVG
PROJECT MERCURY TOPCO LIMITED financials
Project Mercury Topco Limited's latest turnover from December 2023 is £74.9 million and the company has net assets of £18.8 million. According to their latest financial statements, Project Mercury Topco Limited has 388 employees and maintains cash reserves of £10.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Turnover | 74,892,000 | 83,969,000 | 60,653,000 |
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | 4,897,000 | -750,000 | -700,000 |
| Interest Payable | 8,000 | ||
| Interest Receivable | |||
| Pre-Tax Profit | 2,196,000 | -758,000 | -700,000 |
| Tax | 228,000 | 135,000 | 411,000 |
| Profit After Tax | 2,424,000 | -623,000 | -289,000 |
| Dividends Paid | |||
| Retained Profit | 2,424,000 | -623,000 | -289,000 |
| Employee Costs | 27,172,000 | 30,778,000 | 29,686,000 |
| Number Of Employees | 388 | 439 | |
| EBITDA* | 6,630,000 | 851,000 | -700,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Tangible Assets | 202,000 | 333,000 | 4,305,000 |
| Intangible Assets | 11,502,000 | 13,111,000 | 15,967,000 |
| Investments & Other | 414,000 | ||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 11,704,000 | 13,444,000 | 20,686,000 |
| Stock & work in progress | |||
| Trade Debtors | 7,916,000 | 7,164,000 | 7,972,000 |
| Group Debtors | |||
| Misc Debtors | 6,193,000 | 7,455,000 | 1,945,000 |
| Cash | 10,727,000 | 10,667,000 | 19,873,000 |
| misc current assets | |||
| total current assets | 24,836,000 | 25,286,000 | 29,790,000 |
| total assets | 36,540,000 | 38,730,000 | 50,476,000 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 5,564,000 | 7,385,000 | 6,773,000 |
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 11,436,000 | 12,421,000 | 20,450,000 |
| total current liabilities | 17,000,000 | 19,806,000 | 27,223,000 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | 5,715,000 | ||
| other liabilities | |||
| provisions | 733,000 | 1,699,000 | 782,000 |
| total long term liabilities | 733,000 | 1,699,000 | 6,497,000 |
| total liabilities | 17,733,000 | 21,505,000 | 33,720,000 |
| net assets | 18,807,000 | 17,225,000 | 16,756,000 |
| total shareholders funds | 18,807,000 | 17,225,000 | 16,756,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 4,897,000 | -750,000 | -700,000 |
| Depreciation | 124,000 | 141,000 | |
| Amortisation | 1,609,000 | 1,460,000 | |
| Tax | 228,000 | 135,000 | 411,000 |
| Stock | |||
| Debtors | -510,000 | 4,702,000 | 9,917,000 |
| Creditors | -1,821,000 | 612,000 | 6,773,000 |
| Accruals and Deferred Income | -985,000 | -13,744,000 | 26,165,000 |
| Deferred Taxes & Provisions | -966,000 | 917,000 | 782,000 |
| Cash flow from operations | 3,596,000 | -15,931,000 | 23,514,000 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | -414,000 | 414,000 | |
| cash flow from investments | 414,000 | -414,000 | |
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | -8,000 | ||
| cash flow from financing | -842,000 | 1,084,000 | 17,045,000 |
| cash and cash equivalents | |||
| cash | 60,000 | -9,206,000 | 19,873,000 |
| overdraft | |||
| change in cash | 60,000 | -9,206,000 | 19,873,000 |
project mercury topco limited Credit Report and Business Information
Project Mercury Topco Limited Competitor Analysis
Perform a competitor analysis for project mercury topco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in B91 area or any other competitors across 12 key performance metrics.
project mercury topco limited Ownership
PROJECT MERCURY TOPCO LIMITED group structure
Project Mercury Topco Limited has 1 subsidiary company.
Ultimate parent company
PROJECT MERCURY TOPCO LIMITED
13295767
1 subsidiary
project mercury topco limited directors
Project Mercury Topco Limited currently has 7 directors. The longest serving directors include Mr Jon Pickering (Mar 2021) and Ms Sian Jones (Mar 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jon Pickering | England | 48 years | Mar 2021 | - | Director |
| Ms Sian Jones | England | 47 years | Mar 2021 | - | Director |
| Mr Alexander Jessup | England | 46 years | Oct 2022 | - | Director |
| Mr Steven Jennings | England | 64 years | Dec 2022 | - | Director |
| Mr Andrew Szabo | England | 44 years | Nov 2023 | - | Director |
| Mrs Sandra Simpson | England | 51 years | Nov 2023 | - | Director |
| Mrs Sarah Tromans | England | 43 years | Nov 2023 | - | Director |
P&L
December 2023turnover
74.9m
-11%
operating profit
4.9m
-753%
gross margin
35.9%
+4.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
18.8m
+0.09%
total assets
36.5m
-0.06%
cash
10.7m
+0.01%
net assets
Total assets minus all liabilities
Similar Companies
project mercury topco limited company details
company number
13295767
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
March 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
lansdowne gate new road, solihull, B91 3DL
Bank
-
Legal Advisor
-
project mercury topco limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to project mercury topco limited. Currently there are 2 open charges and 0 have been satisfied in the past.
project mercury topco limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for PROJECT MERCURY TOPCO LIMITED. This can take several minutes, an email will notify you when this has completed.
project mercury topco limited Companies House Filings - See Documents
| date | description | view/download |
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