Mercian Initiatives Limited in Birmingham, B44 8LS

Description

Data updated on: 01-11-2023

Mercian Initiatives came into being in 1990 as a company enlisted under no 02494947, located at B44 8LS Birmingham at Kingsnorth House 1, Blenheim Way. This firm has been in business for thirty four years and its last known status is active. In the past, Mercian Initiatives Limited switched it’s official name three times. Up till 2001-01-26 the company used the name City Initiatives. Later on the company adapted the name Montpelier Exchange that was used up till 2001-01-26 then the final name was adopted. This company's declared SIC number is 46740 which stands for Wholesale of hardware, plumbing and heating equipment and supplies. The latest annual accounts cover the period up to 2022-03-31 and the latest annual confirmation statement was submitted on 2023-04-23.

As the data suggests, this specific business was established in April 1990 and has so far been guided by five directors, and out this collection of individuals two (Gordon B. and Matthew H.) are still a part of the company.

Previous company's names
Mercian Initiatives Limited 2001-01-26
City Initiatives Limited 2000-03-10
Montpelier Exchange Limited 1999-06-16
Montpelier Financial Services Limited 1990-04-23

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-03-31	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	81 763	115 326	145 705	187 740	193 170	276 278

Balance Sheet
Cash Bank On Hand						35 907	43 652	20 072	68 011	56 763	47 876	49 413	46 724
Current Assets	269 343	352 916	424 417	493 487	544 222	735 062	818 783	789 349	948 105	947 491	740 698	723 321	639 902
Debtors	121 154	156 410	194 429	227 940	283 344	344 735	402 126	389 919	414 934	460 344	269 251	249 812	231 428
Net Assets Liabilities						276 278	298 513	298 829	292 591	283 083	283 665	302 459	295 838
Other Debtors						15 175	24 014	31 791	10 028	15 095	23 359	13 378	11 399
Property Plant Equipment						18 536	13 295	15 959	29 285	15 792	4 341	1 108	2 871
Total Inventories						354 420	373 005	379 358	465 160	430 384	423 571	424 096	361 750
Cash Bank In Hand	30 338	36 190	67 006	90 574	30 864	35 907
Net Assets Liabilities Including Pension Asset Liability	81 763	115 326	145 705	187 740	193 170	276 278
Stocks Inventory	117 851	160 316	162 982	174 973	230 014	354 420
Tangible Fixed Assets	304	19 142	15 294	37 788	18 251	18 536

Capital & Reserves
Called Up Share Capital	300	300	300	300	300	300
Profit Loss Account Reserve	81 463	115 026	145 405	187 440	192 870	275 978
Shareholder Funds	81 763	115 326	145 705	187 740	193 170	276 278

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment						49 622	62 163	71 549	66 317	80 893	93 325	77 371	79 110
Average Number Employees During Period							14	14	14	15	14	14	11
Bank Borrowings Overdrafts					67 326	152 594	262 904	203 274	37 582	15 033	45 371	39 815	36 975
Corporation Tax Payable											13 095	15 456	8 536
Creditors						18 772	19 026	21 555	47 433	17 545	45 371	39 815	36 975
Future Minimum Lease Payments Under Non-cancellable Operating Leases											15 078	28 255	36 399
Increase From Depreciation Charge For Year Property Plant Equipment							12 541	9 386	15 522	14 576	12 432	3 686	1 739
Net Current Assets Liabilities	119 834	134 227	163 265	183 661	198 535	276 514	304 244	304 425	310 739	284 836	324 695	341 166	329 942
Other Creditors						18 772	19 026	21 555	71 154	71 121	125 259	29 121	20 931
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment												19 640
Other Disposals Property Plant Equipment												19 640
Other Taxation Social Security Payable						59 255	48 305	39 690	41 694	73 418	74 488	29 387	27 829
Property Plant Equipment Gross Cost						68 158	75 458	87 508	95 602	96 685	97 666	78 479	81 981
Total Additions Including From Business Combinations Property Plant Equipment							7 300	12 050	28 848	1 083	981	453	3 502
Total Assets Less Current Liabilities	120 138	153 369	178 559	221 449	216 786	295 050	317 539	320 384	340 024	300 628	329 036	342 274	332 813
Trade Creditors Trade Payables						229 950	192 719	234 829	229 560	286 542	128 006	206 942	161 663
Trade Debtors Trade Receivables						329 560	378 112	358 128	404 906	445 249	245 892	236 434	220 029
Bank Overdrafts					67 326	152 594
Creditors Due After One Year	38 375	38 043	32 854	33 709	23 616	18 772
Creditors Due Within One Year	149 509	218 689	261 152	309 826	345 687	458 548
Debtors Due After One Year	-114 265
Debtors Due Within One Year					283 344	344 735
Disposals Decrease In Depreciation Impairment Property Plant Equipment									20 754
Disposals Property Plant Equipment									20 754
Finance Lease Liabilities Present Value Total						4 844			9 851	2 512	2 512
Number Shares Allotted		300	300	300	300	300
Obligations Under Finance Lease Hire Purchase Contracts After One Year					4 844
Obligations Under Finance Lease Hire Purchase Contracts Within One Year					10 094	4 844
Other Borrowings					18 772	18 772
Other Creditors After One Year					18 772	18 772
Other Creditors Due Within One Year					22 481	11 905
Par Value Share		1	1	1	1	1
Share Capital Allotted Called Up Paid	300	300	300	300	300	300
Tangible Fixed Assets Additions		20 754	1 792	33 225		16 015
Tangible Fixed Assets Cost Or Valuation	8 907	23 826	25 618	58 843	52 143	68 158
Tangible Fixed Assets Depreciation	8 603	4 684	10 324	21 055	33 892	49 622
Tangible Fixed Assets Depreciation Charged In Period		1 916	5 640	10 731	14 652	15 730
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		5 835			1 815
Tangible Fixed Assets Disposals		5 835			6 700
Taxation Social Security Due Within One Year					34 759	59 255
Trade Creditors Within One Year					211 027	229 950

Company staff

Gordon B.

Role: Director

Appointed: 25 October 2016

Latest update: 16 April 2024

Gordon B. is the individual with significant control over this firm, owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Gordon B.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Accounts Documents

Account next due date	31 December 2023
Account last made up date	31 March 2022
Confirmation statement next due date	07 May 2024
Confirmation statement last made up date	23 April 2023

Annual Accounts 27 November 2014
Start Date For Period Covered By Report	01 April 2013
End Date For Period Covered By Report	31 March 2014
Date Approval Accounts	27 November 2014
Annual Accounts 17 December 2015
Start Date For Period Covered By Report	01 April 2014
End Date For Period Covered By Report	31 March 2015
Date Approval Accounts	17 December 2015
Annual Accounts 21 December 2016
Start Date For Period Covered By Report	01 April 2015
End Date For Period Covered By Report	31 March 2016
Date Approval Accounts	21 December 2016
Annual Accounts
Start Date For Period Covered By Report	01 April 2016
End Date For Period Covered By Report	31 March 2017
Annual Accounts
Start Date For Period Covered By Report	01 April 2017
End Date For Period Covered By Report	31 March 2018
Annual Accounts
Start Date For Period Covered By Report	01 April 2018
End Date For Period Covered By Report	31 March 2019
Annual Accounts
Start Date For Period Covered By Report	01 April 2019
End Date For Period Covered By Report	31 March 2020
Annual Accounts
Start Date For Period Covered By Report	01 April 2020
End Date For Period Covered By Report	31 March 2021
Annual Accounts
Start Date For Period Covered By Report	01 April 2020
End Date For Period Covered By Report	31 March 2021
Annual Accounts
Start Date For Period Covered By Report	01 April 2020
End Date For Period Covered By Report	31 March 2021
Annual Accounts 28 November 2012
End Date For Period Covered By Report	31 March 2012
Date Approval Accounts	28 November 2012
Annual Accounts 23 September 2013
End Date For Period Covered By Report	31 March 2013
Date Approval Accounts	23 September 2013

Mercian Initiatives Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Gordon B.

Matthew H.

Russell M.

Gordon B.

Christopher D.

June D.

People with significant control

Gordon B.

Accounts Documents

Company filings

Filing category

Additional Information

HQ address, 2012

Address:

Post code:

City / Town:

HQ address, 2013

Address:

Post code:

City / Town:

HQ address, 2014

Address:

Post code:

City / Town:

Accountant/Auditor, 2012 - 2014

Name:

Address:

Post code:

City / Town:

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