MECHATHERM INTERNATIONAL LIMITED
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Cash
£3.1m
-64.2% vs 2023
Net assets
-£1.2m
-161.8% vs 2023
Employees
79
+11.3% vs 2023
Profit before tax
-£3.3m
-5,851.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-07-29.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Negative shareholders' funds
Net assets
2-year trend
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-02-29
| Metric | Trend | 2023-02-28 | 2024-02-29 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £8,981,152 | £23,397,788 | +160.5% | |
| Operating profit | £43,171 | -£3,383,897 | -7,938.4% | |
| Profit before tax | £56,806 | -£3,267,331 | -5,851.7% | |
| Net profit | £113,827 | -£3,266,188 | -2,969.4% | |
| Cash | £8,571,515 | £3,066,708 | -64.2% | |
| Total assets less current liabilities | £2,018,693 | -£1,247,495 | -161.8% | |
| Net assets | £2,018,693 | -£1,247,495 | -161.8% | |
| Equity | £2,018,693 | -£1,247,495 | -161.8% | |
| Average employees | 71 | 79 | +11.3% | |
| Wages | £2,684,534 | £3,860,277 | +43.8% | |
| Directors' remuneration | £385,179 | £409,682 | +6.4% | |
| Directors' pension contributions | £16,893 | £20,525 | +21.5% |
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 | 2023-02-28 | 2024-02-29 |
|---|---|---|---|
| Operating margin | 0.5% | -14.5% | |
| Net margin | 1.3% | -14.0% | |
| Return on capital employed | 2.1% | — | |
| Gearing (liabilities / total assets) | 81.9% | 113.0% | |
| Current ratio | 1.21x | 0.78x |
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 2 times since incorporation
- MECHATHERM INTERNATIONAL LIMITED 1980-12-31 → present
- MECHATHERM LEYS ENGINEERING LIMITED 1976-12-31 → 1980-12-31
- LEYS CONSULTANTS LIMITED 1973-05-09 → 1976-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BK Plus Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and have therefore adopted the going concern basis of preparation.”
Significant events
- “The business has experienced several project delays, particularly in the United States, which have contributed to lower margins and increased costs which has resulted in a loss during the year.”
- “In response, we have restructured our leadership team with a strong focus on project execution, ensuring we are better positioned to manage such challenges going forward.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLEN, Mark Andrew | Director | 2019-04-03 | May 1976 | British |
| EMES, Christopher Bryan | Director | — | Aug 1956 | British |
| LANGHAM, Martin | Director | 2026-01-07 | Apr 1967 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURROWS, Alan Robert | Secretary | 2024-07-01 | 2025-07-31 |
| BURROWS, Alan Robert | Secretary | — | 2021-04-23 |
| DOBSON, Nicola Ann | Secretary | 2021-04-23 | 2024-07-01 |
| ALLEN, Stuart Keith | Director | 2018-09-30 | 2025-07-24 |
| BURROWS, Alan Robert | Director | 1994-02-09 | 2025-07-31 |
| EMES, Bryan | Director | — | 1995-09-05 |
| GARDNER, John Alistair | Director | — | 2016-03-04 |
| PHILLIPS, John Alfred | Director | — | 1997-09-10 |
| RILEY, Andrew Frederick | Director | — | 2024-06-30 |
| RILEY, Louis Francis | Director | — | 2015-10-02 |
| WALKER, Nigel Charles | Director | — | 2019-07-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Platinum Equity Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-12 | Active |
| Mr Christopher Bryan Emes | Individual | Shares 25–50% | 2024-06-30 | Ceased 2024-10-12 |
| Mr Andrew Frederick Riley | Individual | Shares 25–50% | 2016-04-06 | Ceased 2024-06-30 |
Filing timeline
Last 20 of 159 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | AA01 | accounts | Change account reference date company current shortened | |
| 2026-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-08 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-08-27 | AA | accounts | Accounts with accounts type full | |
| 2025-08-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-02-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-18 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-11 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.