Greencoat Mermaid Limited
Registered name: GREENCOAT MERMAID LIMITED
Greencoat Mermaid Limited made a £44.5m loss in the year to 31 Dec 2025 (revenue not disclosed).
Greencoat Mermaid Limited reported a loss of £44.5m in the year to 31 Dec 2025; its revenue was not disclosed. It had 0 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 7 yrs · since 2019
- Type
- Private Limited Company
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Financial history
| Year to | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|
| Disclosure | Profit only | Profit only |
| Profit & loss | ||
| Revenue (turnover) | — | — |
| Cost of sales | £23m | £38.7m |
| Profit before tax | −£28.6m | −£44.5m |
| Profit after tax | −£28.6m | −£44.5m |
| Profit (best available) | −£28.6m | −£44.5m |
| Employees (average) | — | 0 |
| Ratios | ||
| Profit margin | — | — |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £117k | £116k |
| Net assets | −£78.4m | −£123m |
| Current assets | £137k | £168k |
| Debtors | £20k | £51.9k |
| Deferred income | £26.4k | £39.1k |
| Source | FullAccounts · bulk data Oct 2026 | FullAccounts · bulk data Oct 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- —
- Now −£123m
- Cash at bank
- ▼1%
- Now £116k
- Headcount
- —
- Now 0
- Deferred income
- ▲48%
- Now £39.1k
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Templeborough Biomass Power Plant LimitedRev. £55.2m · Profit −£10.3m
Minority corporate shareholders
- Greencoat Sejong GP LLP 25–50%
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£44.5m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 25 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.