MAKEFAST LIMITED — The Accounts

Net assets

2-year trend · vs Industrials median

MAKEFAST LIMITED·Industrials median · n=11059

Accounts

2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31

Metric	2024-03-31	2025-03-31	Δ vs prior
Turnover	£13,577,937	£11,936,907	-12.1%
Operating profit	£596,140	£162,170	-72.8%
Profit before tax	£544,258	£142,033	-73.9%
Net profit	£337,271	£293,899	-12.9%
Cash	£1,047,708	£846,679	-19.2%
Total assets less current liabilities	£6,810,836	£6,855,443	+0.7%
Net assets	£5,883,630	£6,168,810	+4.8%
Equity	£5,883,630	£6,168,810	+4.8%
Average employees	119	117	-1.7%
Wages	£3,858,329	£3,961,772	+2.7%
Directors' remuneration	£428,929	£511,229	+19.2%

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	2024-03-31	2025-03-31
Operating margin	4.4%	1.4%
Net margin	2.5%	2.5%
Return on capital employed	8.8%	2.4%
Current ratio	3.20x	2.64x
Interest cover	11.74x	3.96x

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 1 time since incorporation

MAKEFAST LIMITED 2019-01-22 → present
MAKE FAST LIMITED 1974-04-03 → 2019-01-22

Audit & accounting basis

Accounting basis: FRS 102
Reporting scope: Consolidated group
Auditor: D.R.E. & Co. (Audit) Limited
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

MAKEFAST LIMITED · parent
1. Makefast Italia S.r.l. 86.36% · Italy · Sale of marine and sail makers' equipment
2. Precision-Engineer Ltd 100% · UK · Precision Engineering
3. Custom Marine Developments Limited 64% · UK · Bespoke Engineering
4. Makefast Limited USA LLC 75% · USA · Sale of marine and sail makers' equipment

Significant events

“During the financial year, Makefast Group companies experienced challenging trading conditions driven by the continued downturn in the leisure marine market and ongoing uncertainty surrounding global trade policy.”
“Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.”
“Barclays Bank hold a cross guarantee between Makefast Limited and Baseline Marine Products.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

6 active · 1 resigned

Name	Role	Appointed	Born	Nationality
BROWN, Brenda	Director	—	Oct 1937	British
BROWN, Christopher	Director	2007-12-01	Apr 1967	British
BROWN, Michael	Director	2007-12-01	Jul 1964	British
BROWN, Thomas William, Mr.	Director	—	Jan 1937	British
COZENS, David Peter	Director	—	Oct 1949	British
HOLDWAY, Mark Timothy, Mr.	Director	2007-12-01	Jul 1978	British

Show 1 resigned officer

Name	Role	Appointed	Resigned
BROWN, Brenda	Secretary	—	2021-03-01

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Mr David Peter Cozens	Individual	Shares 25–50%	2016-04-06	Active
Mrs Brenda Brown	Individual	Shares 25–50%	2016-04-06	Active
Mr. Thomas William Brown	Individual	Shares 25–50%	2016-04-06	Active

Filing timeline

Last 20 of 123 total filings

Material constitutional events — rename, articles re-file, resolution

2025-12-05 RESOLUTIONS Resolution

Date	Type	Category	Description
2026-04-22	AA	accounts	Accounts with accounts type group	PDF
2026-03-14	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2026-02-19	CH01	officers	Change person director company with change date
2025-12-05	RESOLUTIONS	resolution	Resolution
2025-01-13	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-12-23	AA	accounts	Accounts with accounts type group	PDF
2024-03-26	AA	accounts	Accounts with accounts type group	PDF
2024-01-11	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-04-04	PSC01	persons-with-significant-control	Notification of a person with significant control	PDF
2023-04-04	PSC01	persons-with-significant-control	Notification of a person with significant control	PDF
2023-02-02	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-02-01	AA	accounts	Accounts with accounts type group	PDF
2022-03-29	AA	accounts	Accounts with accounts type group	PDF
2022-02-02	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-03-30	AA	accounts	Accounts with accounts type group	PDF
2021-03-04	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-03-04	TM02	officers	Termination secretary company with name termination date	PDF
2020-07-30	MR01	mortgage	Mortgage create with deed with charge number charge creation date	PDF
2020-01-03	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2019-12-31	AA	accounts	Accounts with accounts type group	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 4
Capital events: 0
Officers appointed: 0
Officers resigned: 0

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.