MERCATOR CARGO SYSTEMS LIMITED
Company number 02623184 · Monitor this company
Executive summary
Mercator Cargo Systems Limited presents a mixed risk profile: the 34-year-old family-run freight forwarder has strengthened its cash position and eliminated secured debt, but the 29% decline in net assets in the latest year, substantial opaque creditor balances, and a dramatic increase in lease commitments create uncertainty about future financial resilience. The key unknown is whether the retained earnings erosion reflects trading losses or shareholder distributions — this distinction fundamentally shifts the risk assessment. Without access to the income statement or group accounts, a cautious MEDIUM risk rating is appropriate, with specific attention required to the composition of other creditors and the nature of new lease obligations.
Shareholders' funds
£157,032
Balance sheet as at 2025-05-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 1991-06-24
- Employees
- 9 (2025 accounts · was 8 in 2024)
- Registered office
- 10 St George's Business Centre, St George's Square, Portsmouth, England, PO1 3EZ
- Postcode
- PO1 3EZ
- Capital
- 100 GBP
- Accounts category
- Total Exemption Full
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2025-05-31
- Next due by
- 2027-02-28
- Financial year end
- 31 May
Confirmation statement
- Last statement dated
- 2026-06-22
- Next due by
- 2027-07-06
Nature of business (SIC)
- 49410 Freight transport by road
- 52241 Cargo handling for water transport activities
- 52242 Cargo handling for air transport activities
- 52243 Cargo handling for land transport activities
Officers 2 current · 8 resigned
Group structure
Controlled by MERCATOR CARGO HOLDINGS LIMITED — since 2023-11-10
From persons-with-significant-control filings on the public register.
Contact details
- Website
- mercatorcargo.co.uk
- Phone
- +44 2392756575
Mercator is a family-run, UK based independent freight forwarder, offering highly effective sea, road and air freight services around the world.
Previous company names
| Name | Date changed |
|---|---|
| SPEED 1665 LIMITED | 1991-07-05 |
Previous registered addresses 5
| Address | Changed on |
|---|---|
| 10 EAST STREET, FAREHAM, HAMPSHIRE, PO16 0BN | 2019-09-26 |
| 11 THE SPINNEY, PARKLANDS BUSINESS P, DENMEAD, WATERLOOVILLE, HAMPSHIRE PO7 6AR | 2001-12-06 |
| C/O GOLWYNS, 13 DAVID MEWS, PORTER STREET, LONDON W1M 1HW | 2000-02-08 |
| C/O GOLWYNS, 13 DAVID MEWS, PORTER STREET, LONDON W1M 1HW | 2000-02-08 |
| CLASSIC HOUSE, 174-180 OLD STREET, LONDON, EC1V 9BP | 1991-07-05 |
Among its peers
Top 25%
by shareholders' funds, of 212 similar companies in PO
Among the biggest employers among its local peers (9 staff).
Among the oldest 25% of its local peers, trading since 1991.
Competitors Portsmouth
-
5. BESTLOG LTD
This company ranks 32 among freight transport by road in Portsmouth.
The class of 1991
50%
of the 20,888 companies incorporated in 1991 are still active today; 45% have since been dissolved.
A fact about the year, not a forecast for this company.