Mercury Sourcing Network Ltd

Mercury Sourcing Network Ltd, based in Southend-on-Sea, UK, is a small, active company founded just one year ago. With £19,520 in assets and a virtual address shared by fifty-five other companies, it’s a solo venture led by a single director and owner. The business operates an e-commerce site and regularly imports clothing and accessories—excluding knitted or crocheted items—with three months of import activity recorded as of November 2024.

The company’s website, while not directly linked, suggests a broader scope: Mercury Distribution Jersey and Guernsey, offering a wide range of products and services to the Channel Islands. From cleaning supplies and PPE to stairlifts and vending equipment, they cater to corporate, hospitality, retail, and healthcare sectors. They also provide installation, maintenance, and even computer-aided design services—a surprisingly diverse offering for a small business.

Financially, Mercury Sourcing Network Ltd presents a mixed picture. Current assets remain steady at £20,000, but net assets are negative at -£6,800, indicating accumulated losses. Cash reserves are low at just £1,200, and bank borrowings are non-existent. Trade debtors are minimal at £330, and creditors are stable at £26,000. The company meets two of the three criteria for being considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and there’s no mention of an auditor—likely due to its small size.

The negative equity suggests the company may be burning through cash, although the stable creditors indicate good debt management. It's possible the business is still in its early stages of growth, reinvesting profits back into the operation. The diverse range of services offered through Mercury Distribution Jersey and Guernsey, however, hints at a more established enterprise, raising questions about the relationship between the two entities and how the sourcing network fits into the larger picture.

Registered in England/Wales under the registration number 14807287, with a registered address at SS2 6UN, United Kingdom, Southend On Sea, Essex, Finance House, 20/21 Aviation Way.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.