Mercury Technology Group Ltd.

Mercury Technology Group Ltd, based in London, UK, is a small, holding company with an active status. Founded eight years ago in 2016, it employs just two people and operates from a virtual address shared by thirty-four other companies—a bit unusual, really. The company has four directors and one owner, and is regularly importing machinery, boilers, and mechanical appliances, parts, with the last import operation recorded five months ago in October 2016.

The company’s website reveals it operates in the data processing, hosting, and related activities industries. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It’s also a regular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling five months of imports.

Financially, Mercury Technology Group Ltd’s report shows some interesting trends. Creditors decreased by 6.8% to £670,000, suggesting better debt management, and the company has taken advantage of the exemptions in Financial Reporting Standard 102 Section 33. However, net losses deepened, and cash reserves fell considerably. The company’s bank borrowings surged, which could be a sign of a startup still finding its footing, or perhaps a strategic investment. On the positive side, the company’s financial statements have been audited. The report also mentions that on January 29, 2024, Mercury Technology Group, Ltd was acquired by Accenture Inc. as part of a deal to purchase the worldwide Navisite Group. The company’s accounts have been prepared on a basis other than going concern, as the directors intend to transfer the business to Accenture (UK) Limited, cease the company’s trade, and then liquidate the company.

Registered in England/Wales under the registration number 10328007, with a registered address at EC3M 3BD, United Kingdom, London, 30 Fenchurch Street.

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