MANTAWIN LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-30
Confirmation statement due
2027-01-26 (in 8mo)
Last made up 2026-01-12
Watchouts
Cash
£1M
Latest balance sheet
Net assets
£6M
highest in 4 filed years
Employees
81
highest in 4 filed years
Profit before tax
£2M
Period ending 2024-12-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Unclassified median
Accounts
5-year trend · latest reflected 2024-12-30
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-30 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £16,151,688 | £17,647,538 | |
| Operating profit | — | — | — | £1,470,340 | £2,048,504 | |
| Profit before tax | — | — | — | £1,391,087 | £1,984,483 | |
| Net profit | — | — | — | £1,001,383 | £1,467,547 | |
| Cash | — | £76 | £71 | £1,344,194 | £1,079,425 | |
| Total assets less current liabilities | — | £726,256 | £961,054 | £6,854,369 | £7,009,952 | |
| Net assets | — | — | — | £5,464,181 | £5,991,478 | |
| Equity | £621,193 | £726,256 | £961,054 | £5,464,181 | £5,991,478 | |
| Average employees | — | 61 | 65 | 78 | 81 | |
| Wages | — | — | — | £2,394,778 | £2,770,464 | |
| Directors' remuneration | — | — | — | £9,237 | £41,534 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-30 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-30 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 9.1% | 11.6% | |
| Net margin | — | — | — | 6.2% | 8.3% | |
| Return on capital employed | — | — | — | 21.5% | 29.2% | |
| Current ratio | — | — | — | -3.00x | -2.53x | |
| Interest cover | — | — | — | 18.16x | 21.71x |
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
- Consolidated group
- Auditor
- TC Group
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared forecasts for a period of at least 12 months from the date of approval of the financial statements, which indicate that the group will have sufficient funds to meet its liabilities as they fall due. The group maintains sufficient cash funds and borrowing facilities for ongoing working capital requirements and investment in future developments.”
Group structure
- MANTAWIN LIMITED · parent
- Milltek Sport Limited 100%
- Falcon Automotive Engineering Limited 75.25%
- Milltek Sport GmbH 75.25%
- Milltek Corporation 75.25%
Significant events
- “The traditional range of products the group has focussed on for the past four decades are going to see a potential reduction in demand with the drive for more EV power vehicles that do not require exhaust systems, the uptake has been slower than predicted but remains a longer-term operational risk.”
- “Changes to noise and environmental emissions standards both in the UK and globally continue to pose a risk and require the business to continually evaluate the product ranges and target markets.”
- “Recruitment of new staff for the business was an area of risk during the year, with availability of skilled people for manufacturing roles being difficult to recruit for.”
- “Work continues to expand the product ranges from the UK manufacturing sites into parallel markets within the automotive aftermarket industry.”
- “It is planned to expand the current operations in North American through its subsidiary Milltek Corp.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MILLINGTON, Caroline | Secretary | 1992-04-03 | — | British |
| MILLINGTON, Philip Nigel | Director | — | Feb 1953 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MILLINGTON, Philip Nigel | Secretary | — | 1992-04-03 |
| ALBINSSON, Ruben Morgan | Director | — | 1995-09-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ashmead Investments Limited | Corporate entity | Shares 25–50% | 2025-01-12 | Ceased 2025-01-12 |
| Mr Philip Nigel Millington | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-20 | AA | accounts | Accounts with accounts type group | |
| 2025-09-26 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-13 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-07 | AA | accounts | Accounts with accounts type group | |
| 2024-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | AA | accounts | Accounts with accounts type group | |
| 2023-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type group | |
| 2022-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-27 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-21 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-26 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-01-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2018-05-21 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.