CARDANO ADVISORY LIMITED
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Cash
£3.3M
-32.8% lowest in 3 filed years
Net assets
£6.9M
+20.1% vs 2024
Employees
47
-9.6% lowest in 3 filed years
Profit before tax
£1.6M
+5.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The assets and liabilities of the Company were transferred to Mercer Limited on 1 January 2026. On this basis, the directors do not have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of the approval of the financial statements and, therefore, they have chosen to adopt a basis other than going concern in preparing the annual financial statements.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £17,431,000 | £13,827,000 | £13,907,000 | +0.6% | |
| Operating profit | £2,298,000 | £1,431,000 | £1,549,000 | +8.2% | |
| Profit before tax | £2,382,000 | £1,501,000 | £1,580,000 | +5.3% | |
| Net profit | £2,306,000 | £1,422,000 | £1,151,000 | -19.1% | |
| Cash | £4,331,000 | £4,957,000 | £3,332,000 | -32.8% | |
| Total assets less current liabilities | £9,042,000 | £6,152,000 | £6,876,000 | +11.8% | |
| Net assets | £8,303,000 | £5,725,000 | £6,876,000 | +20.1% | |
| Equity | £8,303,000 | £5,725,000 | £6,876,000 | +20.1% | |
| Average employees | 57 | 52 | 47 | -9.6% | |
| Wages | £9,912,000 | £7,447,000 | £8,020,000 | +7.7% | |
| Directors' remuneration | £906,000 | £841,000 | £1,236,000 | +47% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 13.2% | 10.3% | 11.1% | |
| Net margin | 13.2% | 10.3% | 8.3% | |
| Return on capital employed | 25.4% | 23.3% | 22.5% | |
| Gearing (liabilities / total assets) | — | 46.3% | 38.2% | |
| Current ratio | 2.31x | 2.36x | 2.62x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- CARDANO ADVISORY LIMITED 2021-10-04 → present
- LINCOLN PENSIONS LIMITED 2014-09-18 → 2021-10-04
- LINCOLN INTERNATIONAL PENSIONS ADVISORY LIMITED 2007-10-25 → 2014-09-18
- DE FACTO 1540 LIMITED 2007-10-18 → 2007-10-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The assets and liabilities of the Company were transferred to Mercer Limited on 1 January 2026. On this basis, the directors do not have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of the approval of the financial statements and, therefore, they have chosen to adopt a basis other than going concern in preparing the annual financial statements.”
Significant events
- “On 1 January 2026 the business and assets of the Company were sold to a fellow Group subsidiary resulting in a profit on disposal of £21,372,396. Following this sale the Company ceased trading.”
- “On 5 January 2026 the Company paid a dividend of £22,700,000 to its parent company.”
- “On 28 March 2026 the Company was de-authorised by the FCA and is therefore no longer an FCA regulated entity.”
- “The expectation is that the Company will cease to trade in 2026, with the principal activities and employees having transferred to Mercer Limited on 1 January 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARRISON, Matthew John | Director | 2024-01-01 | May 1978 | British |
| LEAHY, Sinead Eileen Mary | Director | 2024-08-01 | Oct 1965 | British |
| ROSENBERG, Kerrin Edward | Director | 2024-03-11 | Sep 1969 | German |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARR, Robert Bruce | Secretary | 2007-10-24 | 2015-01-01 |
| HUTTON-MILLS, Alexander | Secretary | 2015-01-01 | 2025-03-10 |
| TRAVERS SMITH SECRETARIES LIMITED | Corporate Secretary | 2007-10-18 | 2007-10-24 |
| BARR, Robert Bruce | Director | 2007-10-24 | 2016-10-14 |
| HUTTON-MILLS, Alexander | Director | 2013-12-11 | 2025-04-09 |
| LAWSON, Lawrence James | Director | 2007-10-24 | 2016-10-14 |
| REDMAYNE, Darren Neil | Director | 2008-12-09 | 2025-03-31 |
| ROSENBERG, Kerrin Edward | Director | 2024-01-01 | 2024-01-01 |
| TRAVERS SMITH DIRECTORS LIMITED | Corporate Director | 2007-10-18 | 2007-10-24 |
| TRAVERS SMITH SECRETARIES LIMITED | Corporate Director | 2007-10-18 | 2007-10-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cardano Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-03-27 | Active |
Filing timeline
Last 20 of 93 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-22 MA Memorandum articles
- 2024-06-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-16 | AA | accounts | Accounts with accounts type full | |
| 2025-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-12 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-06 | AA | accounts | Accounts with accounts type full | |
| 2024-08-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-22 | MA | incorporation | Memorandum articles | |
| 2024-06-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-02 | AA | accounts | Accounts with accounts type full | |
| 2022-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-12 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.