MICHELL INSTRUMENTS LIMITED
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Cash
£2.3M
+208.4% vs 2023
Net assets
£54M
+23.6% vs 2023
Employees
193
+10.9% vs 2023
Profit before tax
£10M
+0.9% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £37,773,900 | £40,483,166 | +7.2% | |
| Operating profit | £4,069,989 | £7,893,620 | +93.9% | |
| Profit before tax | £9,916,872 | £10,003,884 | +0.9% | |
| Net profit | £9,877,968 | £9,560,803 | -3.2% | |
| Cash | £747,551 | £2,305,145 | +208.4% | |
| Total assets less current liabilities | £43,762,387 | £54,398,719 | +24.3% | |
| Net assets | £43,778,509 | £54,115,353 | +23.6% | |
| Equity | £43,778,509 | £54,115,353 | +23.6% | |
| Average employees | 174 | 193 | +10.9% | |
| Wages | £7,876,171 | £8,860,851 | +12.5% | |
| Directors' remuneration | £761,139 | £750,896 | -1.3% |
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 |
|---|---|---|---|
| Operating margin | 10.8% | 19.5% | |
| Net margin | 26.2% | 23.6% | |
| Return on capital employed | 9.3% | 14.5% | |
| Current ratio | 11.50x | 14.14x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered the factors that impact Michell Instruments Limited ("the company") in conjunction with their assessment of the position of the Specialty Measurement Holdco group ("the Group"). They have considered the future development, performance, cash flows and financial position along with the current and forecast liquidity in forming their opinion on the going concern basis. Based on the above assessment the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements. Therefore, the Directors have continued to prepare these financial statements on a going concern basis.”
Significant events
- “On 20 November 2024 100% of the issued share capital of Specialty Measurement Topco Limited, the ultimate parent company of the Specialty Measurement Holdco Group was sold to Ark Bidco Limited.”
- “A fixed and floating charge on the assets of the company was registered on 31 March 2022 as security, alongside similar charges with other companies within the Group, on a term loan and revolving credit facility for the intermediate parent company, Specialty Measurement Bidco Limited. The liabilities in respect of these charges as at the date of the charge registration were £212 million. This charge was satisfied on 20 November 2024.”
- “A fixed and floating charge on the assets of the company was registered on 28 February 2025 as security, alongside similar charges with other companies within the Group, on a term loan and revolving credit facility for the intermediate parent company, Ark Bidco Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOYCE, Derek | Director | 2025-02-12 | Mar 1983 | American |
| DUBOIS, Charles | Director | 2025-02-12 | Nov 1965 | American |
| GEE, Richard Michael | Director | 2023-08-22 | Sep 1972 | British |
| LOVEDAY, Glyn | Director | 2022-12-06 | Jun 1970 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANNISTER, Michael | Secretary | — | 2000-11-16 |
| LEONARD, David Paul | Secretary | 2000-11-16 | 2023-03-01 |
| ALLAN, Duncan | Director | 2001-11-22 | 2009-02-17 |
| BANNISTER, Michael | Director | — | 2023-03-01 |
| KITCHEN, John Andrew | Director | 1996-09-20 | 2000-11-16 |
| LEONARD, David Paul | Director | 2000-11-16 | 2023-02-02 |
| MACFARLANE, Jim | Director | 2022-11-30 | 2025-12-08 |
| MARKIN, Adam Dean | Director | 2016-12-13 | 2025-02-12 |
| MICHELL, Catherine Elizabeth | Director | — | 1999-05-17 |
| MICZYK, Andrzej Karl | Director | — | 2005-02-04 |
| STOKES, Andrew Maurice Vincent | Director | 2000-11-16 | 2016-12-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Parametric Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 175 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-11 | AA | accounts | Accounts with accounts type full | |
| 2025-12-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-03-06 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-16 | AA | accounts | Accounts with accounts type full | |
| 2023-03-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-03-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-30 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.