MERSTEN LIMITED
Company number 09618921 · Monitor this company
Executive summary
Mersten Limited’s placement into administration underscores the severe financial distress typical of highly leveraged, small-cap SPV property traders operating within the supported housing sector. Despite holding significant paper assets via inter-company and SPV loans, the firm suffered a fatal liquidity crisis, with cash reserves insufficient to service its secured debts amidst a challenging real estate and regulatory environment. The company’s collapse highlights the structural fragility of niche property developers reliant on debt-fueled acquisitions and rapid SPV turnover when market illiquidity strikes.
Shareholders' funds
£1,465,820
Balance sheet as at 2021-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2015-06-02
- Registered office
- C/O BDO LLP, 5 Temple Square Temple Street, Liverpool, L2 5RH
- Postcode
- L2 5RH
- Capital
- 100 GBP
- Accounts category
- Total Exemption Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2021-12-31
- Next due by
- 2023-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2022-06-01
- Next due by
- 2023-06-15
Nature of business (SIC)
- 68320 Management of real estate on a fee or contract basis
Officers 2 current · 2 resigned
Group structure 78 subsidiaries
Controlled by LAND & CO (HOLDINGS) LIMITED — since 2016-04-06
-
AMA 35 BEWSEY LTD Dissolved
-
MSL (100) LTD Dissolved
-
MSL (101) LTD Dissolved
-
MSL (102) LTD Dissolved
-
MSL (103) LTD Dissolved
-
MSL (104) LTD Dissolved
-
MSL (105) LTD Dissolved
-
MSL (106) LTD Dissolved
-
MSL (108) LTD Dissolved
-
MSL (109) LTD Dissolved
Showing 12 of 78.
From persons-with-significant-control filings on the public register.
Contact details
- Website
- mersten.com
- Phone
- +44 1625467676
Working in partnership with care providers, housing associations, commissioners and care professionals, we help vulnerable people to live in their own homes. | Mersten works closely with care providers and local authority partners to develop tailored residential accommodation for people who require additional support and care provision in their daily lives.
Previous company names
| Name | Date changed |
|---|---|
| 001 (BLURTON RAILWAY) LTD | 2015-09-09 |
Previous registered addresses 1
| Address | Changed on |
|---|---|
| CARPENTER COURT 1 MAPLE ROAD, BRAMHALL, STOCKPORT, CHESHIRE, SK7 2DH, UNITED KINGDOM | 2015-11-17 |
The class of 2015
54%
of the 3,552 companies in this sector incorporated in 2015 are still active today; 41% have since been dissolved.
A fact about the year, not a forecast for this company.