How much does Mercury Foreign Exchange Limited make?

Mercury Foreign Exchange Limited reported revenue of £551k and a loss of £577k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Mercury Foreign Exchange Limited have?

Mercury Foreign Exchange Limited reported an average of 6 employees in the year to 31 Dec 2024.

Is Mercury Foreign Exchange Limited profitable?

No — Mercury Foreign Exchange Limited reported a loss of £577k in the year to 31 Dec 2024.

Company No. 06445887 · Incorporated 5 Dec 2007

Mercury Foreign Exchange Limited

Registered name: MERCURY FOREIGN EXCHANGE LIMITED

Mercury Foreign Exchange Limited made £551k revenue and a £577k loss in the year to 31 Dec 2024.

Mercury Foreign Exchange Limited’s revenue fell 26% to £551k in the year to 31 Dec 2024, with a loss of £577k and 6 employees. The company is classified under “other business support service activities” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 18 yrs · since 2007
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentSmall teamCapital-lightCash flow filed

Revenue

£551k

Growth ▼25.6%

Profit

−£577k

Growth ▼270.6%

Profit margin

−104.8%

Gross 54%

Employees

Change 0%

Profit / employee

−£96.2k

Revenue/employee £91.8k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£824k	£811k	£740k	£551k
Cost of sales	£285k	£96.5k	£190k	£253k
Gross profit	£538k	£714k	£550k	£298k
Operating profit	—	—	£75.3k	−£144k
Profit before tax	£228k	−£260k	£355k	−£577k
Profit after tax	£228k	−£220k	£339k	−£577k
Profit (best available)	£228k	−£220k	£339k	−£577k
Staff costs	£449k	£508k	£348k	£371k
Employees (average)	4	4	6	6
Ratios
Profit margin	27.6%	−27.2%	45.7%	−104.8%
Gross margin	65.3%	88.1%	74.4%	54%
Revenue per employee	£206k	£203k	£123k	£91.8k
Profit per employee	£56.9k	−£55.1k	£56.4k	−£96.2k
Cash conversion	—	—	−175.4%	—
Growth (year on year)
Revenue growth	—	▼1.6%	▼8.7%	▼25.6%
Profit growth	—	▼196.7%	—	▼270.6%
Headcount growth	—	0%	▲50%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£704k	£333k	£50.2k	£104k
Net assets	£804k	£584k	£923k	£501k
Fixed assets	£46.3k	£12.7k	£7.1k	£7.2k
Current assets	£1.4m	£1m	£1.1m	£707k
Debtors	£37k	£687k	£1.1m	£603k
Cash from operations	£242k	−£328k	−£132k	£160k
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −104.8%; Profit ÷ revenue.
Gross margin: 54%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £91.8k; Revenue ÷ average employees.
Profit per employee: −£96.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 109.5%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼46%; Now £501k
Cash at bank: ▲107%; Now £104k
Headcount: 0%; Now 6
Deferred income: —; Now —
Fixed assets: ▲2%; Now £7.2k

Corporate ownership

Group structure

Subsidiaries (1)

Mercury Technology Lab LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£577k), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.