{"name":"MERSTEN LIMITED","company_number":"09618921","status":"In Administration","type":"Private Limited Company","incorporated":"2015-06-02","dissolved":null,"registered_office":"C/O BDO LLP, 5 Temple Square Temple Street, Liverpool, L2 5RH","postcode":"L2 5RH","sic_codes":[{"code":68320,"description":"Management of real estate on a fee or contract basis"}],"principal_activity":null,"previous_names":[{"name":"001 (BLURTON RAILWAY) LTD","changed_on":"2015-09-09"}],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"31 December","last_made_up_to":"2021-12-31","next_due":"2023-09-30"},"employees":null,"financials":[{"financial_date":"2021-12-31","net_assets":1465820,"cash":31638},{"financial_date":"2020-12-31","net_assets":2119526,"cash":158901},{"financial_date":"2019-12-31","net_assets":3996407,"cash":31380}],"officers":{"current":2,"resigned":2,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[{"date":"2023-01-30","kind":"insolvency"}],"insolvency_outcome":null,"ai_summary":"Mersten Limited’s placement into administration underscores the severe financial distress typical of highly leveraged, small-cap SPV property traders operating within the supported housing sector. Despite holding significant paper assets via inter-company and SPV loans, the firm suffered a fatal liquidity crisis, with cash reserves insufficient to service its secured debts amidst a challenging real estate and regulatory environment. The company’s collapse highlights the structural fragility of niche property developers reliant on debt-fueled acquisitions and rapid SPV turnover when market illiquidity strikes.","website":"http://mersten.com","links":{"page":"https://www.companiesintheuk.co.uk/ltd/mersten-1","people":"https://www.companiesintheuk.co.uk/company/mersten-1/people","filing_history":"https://www.companiesintheuk.co.uk/company/mersten-1/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/09618921","financials":"https://www.companiesintheuk.co.uk/company/mersten-1/financial","gazette":"https://www.companiesintheuk.co.uk/company/mersten-1/gazette","control":"https://www.companiesintheuk.co.uk/company/mersten-1/control","charges":"https://www.companiesintheuk.co.uk/company/mersten-1/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/mersten-1/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/mersten-1"}