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PROJECT MERCURY TOPCO LIMITED

Active Birmingham

Non-trading company

354 employees Website
Software Vertical-specific SaaS Non-trading company
P

PROJECT MERCURY TOPCO LIMITED

Non-trading company

Founded 26 Mar 2021 Active Birmingham, United Kingdom 354 employees correla.com
Software Vertical-specific SaaS Non-trading company
Accounts Submitted
Confirmation Statement Submitted
Net assets £21.73M £2.92M 2024 year on year
Total assets £36.93M £391.00K 2024 year on year
Total Liabilities £15.20M £2.53M 2024 year on year
Charges 2
2 outstanding

AI Analysis

AI Analysis

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Contact & Details

Contact

Update Details

Registered Address

C/O Dwf Company Secretarial Services Limited One Snowhill, Snow Hill Queensway Birmingham B4 6GA United Kingdom

Office ()

Solihull, Solihull, United Kingdom, Europe

Office (Solihull)

Lansdowne Gate, 65 New Road, Solihull B91 3DL

Website

correla.com

Credit Report

Discover PROJECT MERCURY TOPCO LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

See All Mutual Companies

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type Total Exemption Full
Next accounts 31 December 2025
Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2021–2024)

Cash in Bank

£15.01M

Increased by £4.28M (+40%)

Net Assets

£21.73M

Increased by £2.92M (+16%)

Total Liabilities

£15.20M

Decreased by £2.53M (-14%)

Turnover

£73.51M

Decreased by £1.38M (-2%)

Employees

354

Decreased by 34 (-9%)

Debt Ratio

41%

Decreased by 8 (-16%)
See 10 Year Full Financials

Financial History

Revenue, profit, EBITDA and key financial figures

2024
Dec Year End
2023
Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share Capital

Share allotments and capital structure

10 Allotments 17,303,640 Shares £17.07m Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
8 Dec 202222,000£33k£1.5
8 Dec 20225,000£8k£1.5
22 Jun 202220,000£30k£1.5
24 Sept 2021103,944£104k£1
24 Sept 202140,000£60k£1.5

Officers

Officers

7 active 4 resigned
Status
Alexander Robert JessupDirectorBritishEngland4717 Oct 2022Active
Andrew Frank SzaboDirectorBritishEngland456 Nov 2023Active
Jon PickeringDirectorBritishEngland4826 Mar 2021Active
Sandra Louise SimpsonDirectorBritishEngland526 Nov 2023Active
Sarah Barbara TromansDirectorBritishEngland446 Nov 2023Active
Sian Julia JonesDirectorBritishEngland4731 Mar 2021Active
Steven Martin JenningsDirectorBritishEngland658 Dec 2022Active

Shareholders

Shareholders (24)

Steve Jennings
1.2%
213,1498 Apr 2024
Steve Jennings
0.2%
27,0008 Apr 2024
Steve Jennings
0.0%
5,0008 Apr 2024

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Northedge Capital Iii Gp Llp

United Kingdom

Active
Notified 26 Mar 2021
Nature of Control
  • Ownership Of Shares 75 To 100 Percent
  • Voting Rights 75 To 100 Percent
  • Right To Appoint And Remove Directors
See All Controllers

Group Structure

Group Structure

NORTHEDGE CAPITAL III GP LLP united kingdom voting rights 25 to 50 percent limited liability partnership, right to share surplus assets 25 to 50 percent limited liability partnership
NORTHEDGE CAPITAL FUND I GP LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent
NORTHEDGE CAPITAL FOUNDER GP LIMITED united kingdom shares 75 to 100 percent
NORTHEDGE CAPITAL CORPORATE LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent
NORTHEDGE CAPITAL LLP united kingdom
PROJECT MERCURY TOPCO LIMITED Current Company
PROJECT MERCURY BIDCO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

Charges

2 outstanding

Documents

Company Filings

DateCategoryDescriptionDocument
28 Nov 2025MortgageMortgage Create With Deed With Charge Number Charge Creation DateView(70 pages)
27 Nov 2025MortgageMortgage Create With Deed With Charge Number Charge Creation DateView(55 pages)
27 Nov 2025MortgageMortgage Satisfy Charge FullView(1 page)
27 Nov 2025MortgageMortgage Create With Deed With Charge Number Charge Creation DateView(60 pages)
24 Nov 2025MortgageMortgage Satisfy Charge FullView(1 page)
28 Nov 2025 Mortgage

Mortgage Create With Deed With Charge Number Charge Creation Date

View Document(70 pages)
27 Nov 2025 Mortgage

Mortgage Create With Deed With Charge Number Charge Creation Date

View Document(55 pages)
27 Nov 2025 Mortgage

Mortgage Satisfy Charge Full

View Document(1 page)
27 Nov 2025 Mortgage

Mortgage Create With Deed With Charge Number Charge Creation Date

View Document(60 pages)
24 Nov 2025 Mortgage

Mortgage Satisfy Charge Full

View Document(1 page)

Recent Activity

Latest Activity

Mortgage Create With Deed With Charge Number Charge Creation Date

2 months ago on 28 Nov 2025

Mortgage Create With Deed With Charge Number Charge Creation Date

2 months ago on 27 Nov 2025

Mortgage Satisfy Charge Full

2 months ago on 27 Nov 2025

Mortgage Create With Deed With Charge Number Charge Creation Date

2 months ago on 27 Nov 2025

Mortgage Satisfy Charge Full

2 months ago on 24 Nov 2025