MARINE CURRENT TURBINES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-01 (in 11mo)
Last made up 2026-03-18
Watchouts
None on the register
Cash
£1K
-88.9% lowest in 5 filed years
Net assets
-£13M
-0.9% lowest in 5 filed years
Employees
2
0% vs 2023
Profit before tax
-£143K
-298.6% vs 2023
Net assets
9-year trend · vs Industrials median
Accounts
9-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | — | |
| Operating profit | — | -£1,307,000 | — | -£6,209,000 | — | -£446,000 | — | £328,000 | £118,000 | |
| Profit before tax | — | -£1,486,000 | — | -£6,393,000 | — | -£700,000 | — | £72,000 | -£143,000 | |
| Net profit | — | -£1,486,000 | — | -£6,393,000 | — | -£700,000 | — | £72,000 | -£115,000 | |
| Cash | — | £125,000 | — | £37,000 | — | £67,000 | — | £9,000 | £1,000 | |
| Total assets less current liabilities | — | -£5,269,000 | — | -£11,936,000 | — | -£12,636,000 | — | -£12,564,000 | -£12,679,000 | |
| Net assets | — | -£5,590,000 | — | -£11,936,000 | — | -£12,636,000 | — | -£12,564,000 | -£12,679,000 | |
| Equity | -£4,107,000 | -£5,590,000 | -£5,590,000 | -£11,936,000 | -£11,936,000 | -£12,636,000 | -£12,636,000 | -£12,564,000 | -£12,679,000 | |
| Average employees | — | 12 | — | 9 | — | 3 | — | 2 | 2 | |
| Wages | — | £506,000 | — | £457,000 | — | £174,000 | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — | — | — |
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 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-88.9%
£9,000 £1,000
lowest in 5 filed years
-
Net assets
-0.9%
-£12,564,000 -£12,679,000
lowest in 5 filed years
-
Employees
0%
2 2
-
Operating profit
-64%
£328,000 £118,000
first positive since 2022
-
Profit before tax
-298.6%
£72,000 -£143,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on capital employed | — | 24.8% | — | 52.0% | — | 3.5% | — | -2.6% | -0.9% | |
| Current ratio | — | — | — | — | — | — | — | 0.00x | 0.00x | |
| Interest cover | — | -7.30x | — | -33.74x | — | -1.76x | — | 1.28x | 0.45x |
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
- MARINE CURRENT TURBINES LIMITED 1998-01-12 → present
- I.T. POWER (SEARCH) LIMITED 1989-06-14 → 1998-01-12
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Kreston Reeves LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 49 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CLS (UK) LIMITED | Corporate Secretary | 2020-04-30 | — | — |
| HIRST, Simon Matthew | Director | 2022-09-27 | Oct 1967 | British |
| REID, Graham Matthew | Director | 2021-01-18 | Jan 1962 | British |
Show 49 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARLESS, Helen Claire | Secretary | 2012-03-16 | 2015-07-01 |
| DERRICK, Anthony | Secretary | 1992-01-08 | 2000-09-30 |
| JONES, Paul Robin Huson | Secretary | 2005-03-18 | 2012-03-15 |
| LAKE, Tania Claire | Secretary | 2003-08-15 | 2005-03-18 |
| MULLINS, Keith | Secretary | — | 1992-01-08 |
| TURNER, David Michael, Mr. | Secretary | 2000-10-01 | 2002-03-27 |
| BONDLAW SECRETARIES LIMITED | Corporate Secretary | 2002-03-27 | 2003-08-15 |
| LINK COMPANY MATTERS LIMITED | Corporate Secretary | 2015-07-01 | 2020-04-30 |
| BLACK, Duncan Stuart | Director | 2015-07-01 | 2015-09-08 |
| CARLESS, Helen Claire | Director | 2012-03-16 | 2013-11-25 |
| CLUTTERBUCK, Peter Geoffrey | Director | 2001-11-13 | 2009-12-16 |
| COCKIN, John Joseph | Director | 2008-09-26 | 2009-12-16 |
| CORNELIUS, Timothy James | Director | 2015-07-01 | 2021-01-18 |
| COUNSELL, Simon Thomas | Director | 2016-10-28 | 2017-08-10 |
| COX, Sidney Robert Salvador | Director | 2007-11-27 | 2008-09-10 |
| DAGLEY, Andrew Luke | Director | 2017-08-10 | 2022-09-27 |
| DAVIES, Clive Anthony | Director | 2002-03-27 | 2011-03-31 |
| DE BURCA, Colm | Director | 2008-05-29 | 2009-12-16 |
| DERRICK, Anthony | Director | 2001-11-13 | 2004-01-30 |
| DERRICK, Anthony | Director | — | 2000-09-30 |
| DIXON, Adrian | Director | 2005-10-17 | 2006-10-30 |
| FRAENKEL, Peter Leonard | Director | 1999-09-01 | 2011-10-31 |
| HALL, Gina Verissimo | Director | 2011-09-12 | 2011-09-19 |
| HARTNACK, Michael | Director | 2009-01-16 | 2009-12-16 |
| JONES, Paul Robin Huson | Director | 2013-01-21 | 2015-05-13 |
| KOLMEL, Kai Oliver | Director | 2010-02-24 | 2014-11-17 |
| LESTER, Paul John | Director | 2010-07-01 | 2012-03-12 |
| MATHIESEN, Jens Christian | Director | 2004-03-08 | 2011-08-17 |
| MCKENNA, Martin | Director | 2013-01-21 | 2014-06-30 |
| MCNELIS, Bernard | Director | — | 2000-09-30 |
| MERRIWEATHER, Simon Martin | Director | 2005-10-17 | 2007-06-20 |
| MORTIMER, Horatio | Director | 2008-11-19 | 2012-03-12 |
| MOSLEY, Alexander James, Dr | Director | 2008-11-19 | 2009-05-05 |
| NORMAN, Angus Tindale | Director | 2002-02-15 | 2005-10-17 |
| NUTTER, Rachael | Director | 2010-10-19 | 2011-08-24 |
| ROBOTHAM, Angela Sophie | Director | 2004-11-12 | 2009-12-08 |
| SESHAMANI, Divya | Director | 2010-07-20 | 2012-03-15 |
| STOYE, Sven | Director | 2014-07-01 | 2015-07-01 |
| TYLER, Andrew Oliver, Dr | Director | 2011-07-01 | 2012-11-30 |
| VERDI, Joseph | Director | 2005-02-01 | 2009-12-04 |
| VOWLES, Kenneth Leslie, Professor | Director | 2002-06-25 | 2008-09-02 |
| WALL, Ernest Pierre | Director | — | 1992-01-02 |
| WENZ, Robert Charles | Director | 2007-11-27 | 2008-07-10 |
| WIGGINS, Francisca Jane | Director | 2015-09-08 | 2016-10-31 |
| WOERNER, Achim | Director | 2012-03-16 | 2015-07-01 |
| WORKMAN, Adam Craig | Director | 2009-12-16 | 2011-08-24 |
| WRIGHT, Martin Thomas Ian | Director | 2002-02-06 | 2011-05-27 |
| YOUNG, Alan Moffat | Director | 2002-02-21 | 2002-03-27 |
| TRIDOS INVESTMENTS LTD | Corporate Director | 2007-05-31 | 2008-11-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Simec Atlantis Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 281 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-19 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-08-05 | AA | accounts | Accounts with accounts type full | |
| 2025-07-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-30 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-03-19 | CH01 | officers | Change person director company with change date | |
| 2025-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-03-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-09-29 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-29 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-06 | AA | accounts | Accounts with accounts type full | |
| 2021-04-14 | CH01 | officers | Change person director company with change date | |
| 2021-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-18 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.