Company Overview
The Merchants Of Charlestown Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 24 February 2017, so this is a well established company. The Merchants Of Charlestown Ltd has been in business for 7 years and 2 months. The accounts status is audit exemption subsidiary and the accounts are next due on Thursday 30 November 2023.
Registered Address

Shipwreck And Heritage Centre Quay Road, Charlestown, St Austell, Cornwall, PL25 3NX
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Companies House Data
Company NameTHE MERCHANTS OF CHARLESTOWN LTD
Company Number10638347
Registered Office AddressShipwreck And Heritage Centre Quay Road
 Charlestown
 PL25 3NX
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date24/02/2017
Accounting Reference Date Day28
Accounting Reference Date Month2
Accounts Next Due Date30/11/2023
Accounts Last Made Up Date28/02/2022
Accounts Account CategoryAUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date24/03/2018
Directors & Members
Show Resigned
David Harland - Director
(British, 48 years old, born June 1976)
Company Director - Appointed 25 August 2023
 Active
Timothy Smit - Director
(British, 70 years old, born September 1954)
Company Director - Appointed 24 February 2017
 Active
Jeremy Smit - Director
(British, 44 years old, born May 1980)
Company Director - Appointed 01 December 2019
 Active
Laura Smit Chesterfield - Director
(British, 42 years old, born August 1982)
Director - Appointed 30 October 2023
 Active
Secretaries
Show Resigned
Other Company Directorships
David Harland
ABBEY HOME CARE AGENCY LIMITED
ALPHA NURSING & CARE SERVICES LIMITED
BEECH NURSING AND CARE AGENCY LIMITED
BESPOKE CARE SOLUTIONS LIMITED
CARE 4 AGENCY LIMITED
CARE CONNECT HOMECARE SERVICES LIMITED
CCL PEACEHAVEN LIMITED
COLVIN NURSING AGENCY LIMITED
COUNTRYCARE LIMITED
COUNTRYVIEW HOMECARE SERVICES LIMITED
COUNTY CARE HOME CARE SERVICES LIMITED
EDEN GEOTHERMAL LIMITED
EDEN PROJECT (OA) LIMITED
EDEN PROJECT BONDS PLC
EDEN PROJECT CAMPAIGNS LIMITED
EDEN PROJECT INTERNATIONAL LIMITED
EDEN PROJECT LIMITED
EDEN REGENERATION LTD
EDEN TRADING LIMITED
ENARA FINANCE LIMITED
EXTRACARE LIMITED
FIRST CHOICE COMMUNITY SUPPORT SERVICES LIMITED
FIRST CLASS RECRUITMENT LIMITED
FRESHFORD HOME CARE LIMITED
HARLAND ACCOUNTANTS (NEWQUAY) LTD
HOME COMFORTS CARE SWANSEA LIMITED
MARIAN HOMECARE LIMITED
MIHOMECARE LIMITED
PREMIER HOME SERVICES LIMITED
SHINEDREAM LIMITED
SOMEBODY CARES LIMITED
SOPHISTICARE LIMITED
THE CARE AGENCY LIMITED
TRAINING & CARE SOLUTIONS ESSEX LIMITED
TWO COUNTIES COMMUNITY CARE LIMITED
Timothy Smit
CHURCHTOWN FUTURES LIMITED
CORNWALL GARDENS TRUST
ECO-BOS DEVELOPMENT LIMITED
EDEN PROJECT (OA) LIMITED
EDEN PROJECT CAMPAIGNS LIMITED
EDEN PROJECT INTERNATIONAL LIMITED
EDEN PROJECT LIMITED
EDEN REGENERATION LTD
EDEN TRADING LIMITED
GLENDALE COUNTRYSIDE LIMITED
GREAT GARDENS OF CORNWALL LIMITED
HELIGAN GARDENS LIMITED
HOW 2 (CORNWALL) LIMITED
HURST LODGE LIMITED
JURASSICA
KNEEHIGH THEATRE TRUST LIMITED
LOVAINE TRUST COMPANY LIMITED
RICHARD SANDBROOK TRUST
SMIT ASSOCIATES LIMITED
SOCIAL PRESCRIPTIONS LIMITED
TEEDOWN LIMITED
TREBAH ENTERPRISES LIMITED
TREBAH GARDEN TRUST
Jeremy Smit
HELIGAN GARDENS LIMITED
Laura Smit Chesterfield
SMIT ASSOCIATES LIMITED
Balance Sheet Unlock full report
Accounts Date 28-Feb-2022 28-Feb-2021 28-Feb-2020
Balance Sheet
Fixed Assets 1,531,992 1,531,992 234,492
Current Assets 166,338 166,338 44,012
Creditors Due Within One Year 1,646,619 1,646,619 279,370
Working Cap -1,480,281 -1,480,281 -235,358
Total Assets Less Current Liabilities 51,711 51,711 -866
Long-term Liabilities 73,931 73,931 56,445
Net Assets -22,220 -22,220 -57,311
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -22,220 -22,220 -57,311
Common Size Financial Analysis Unlock full report
Accounts Date 28-Feb-2022 28-Feb-2021 28-Feb-2020
Tangible Fixed Assets - - -
Fixed Assets 90.2% 90.2% 84.2%
Stocks Inventory - - -
Debtors 2.2% 2.2% 7.9%
Cash Bank In Hand 6.9% 6.9% 4.9%
Current Assets 9.8% 9.8% 15.8%
Creditors Due Within One Year 97.0% 97.0% 100.3%
Net Current Assets Liabilities -87.2% -87.2% -84.5%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -1.3% -1.3% -20.6%
Capital Employed - - -
Total Assets Less Current Liabilities 3.0% 3.0% -0.3%
Financial Ratio Analysis Unlock full report
Accounts Date 28-Feb-2022 28-Feb-2021 28-Feb-2020
Liquidity Ratio 0.1 0.1 0.2
Solvency Ratio 1.0 1.0 0.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 28-Feb-2022 28-Feb-2021 28-Feb-2020
Assets 1,698,330 1,698,330 278,504
Debt 1,720,550 1,720,550 335,815
Net Assets/Debt -22,220 -22,220 -57,311

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around PL25 3NX
SEA HOUSE CORNWALL LTD
10 Quay Road, St. Austell, Cornwall, PL25 3NX
ELLY BELL CAKES LIMITED
27 Quay Road, St. Austell, Cornwall, PL25 3NX
THE CHARLESTOWN TRADING COMPANY LTD
5 Quay Road, Charlestown, St Austell, Cornwall, PL25 3NX
Document Filings
Confirmation statement made on 23 February 2024 with no updates
Consolidated accounts of parent company for subsidiary company period ending 28/02/23
Notice of agreement to exemption from audit of accounts for period ending 28/02/23
Audit exemption statement of guarantee by parent company for period ending 28/02/23
Audit exemption statement of guarantee by parent company for period ending 28/02/23
Notice of agreement to exemption from audit of accounts for period ending 28/02/23
Appointment of Mrs Laura Smit Chesterfield as a director on 30 October 2023
Appointment of Mr David Harland as a director on 25 August 2023
Termination of appointment of Ramon Van De Velde as a director on 3 October 2023
Confirmation statement made on 23 February 2023 with updates
Consolidated accounts of parent company for subsidiary company period ending 28/02/22
Audit exemption statement of guarantee by parent company for period ending 28/02/22
Notice of agreement to exemption from audit of accounts for period ending 28/02/22
Confirmation statement made on 23 February 2022 with no updates
Termination of appointment of Keith Marshall as a director on 28 September 2021
Confirmation statement made on 23 February 2021 with updates
Amended accounts made up to 29 February 2020
Cessation of Timothy Bartel Smit as a person with significant control on 27 February 2020
Notification of Smit Associates Limited as a person with significant control on 27 February 2020
Appointment of Mr Keith Marshall as a director on 10 November 2020
Appointment of Mr Ramon Van De Velde as a director on 1 April 2020
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