MERIDIAN AUDIO LIMITED
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Next accounts due
2027-03-04 (in 10mo)
Last filed for 2025-05-31
Confirmation statement due
2026-12-01 (in 7mo)
Last made up 2025-11-17
Watchouts
None on the register
Cash
£2K
-98.2% vs 2024
Net assets
£6M
-0.8% vs 2024
Employees
71
-6.6% vs 2024
Profit before tax
-£226K
-112.8% lowest in 3 filed years
Net assets
10-year trend · vs Technology median
Accounts
10-year trend · latest reflected 2025-05-31
| Metric | Trend | 2019-06-08 | 2020-05-31 | 2020-06-01 | 2021-05-31 | 2021-06-01 | 2022-05-31 | 2022-06-01 | 2023-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £8,639,609 | — | — | £12,089,316 | £8,928,618 | |
| Operating profit | — | — | — | — | — | £1,647,349 | — | — | £1,978,249 | £22,756 | |
| Profit before tax | — | — | — | — | — | £1,420,194 | — | — | £1,771,922 | -£225,938 | |
| Net profit | — | £1,583,406 | — | £196,028 | — | £1,197,009 | — | — | £944,931 | -£253,102 | |
| Cash | — | £392,835 | — | £408,623 | £408,623 | £15,894 | -£126,929 | — | £96,176 | £1,723 | |
| Total assets less current liabilities | — | £7,229,544 | — | £6,459,621 | — | £10,364,995 | — | — | £6,589,823 | £6,688,185 | |
| Net assets | — | £1,692,267 | — | £1,888,295 | — | £5,921,921 | — | — | £6,260,731 | £6,207,629 | |
| Equity | -£786,131 | £1,692,267 | £1,692,267 | £1,888,295 | £1,888,295 | £5,921,921 | £5,921,921 | — | £6,260,731 | £6,207,629 | |
| Average employees | — | 0 | — | 63 | — | 66 | — | — | 76 | 71 | |
| Wages | — | — | — | — | — | £2,644,587 | — | — | £2,935,135 | £2,463,644 | |
| Directors' remuneration | — | — | — | — | — | £472,065 | — | — | £630,529 | £342,349 |
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
FY2024 → FY2025 · period ending 2025-05-31 vs 2024-05-31
-
Turnover
-26.1%
£12,089,316 £8,928,618
-
Cash
-98.2%
£96,176 £1,723
-
Net assets
-0.8%
£6,260,731 £6,207,629
-
Employees
-6.6%
76 71
-
Operating profit
-98.8%
£1,978,249 £22,756
lowest in 3 filed years
-
Profit before tax
-112.8%
£1,771,922 -£225,938
lowest in 3 filed years
-
Wages
-16.1%
£2,935,135 £2,463,644
lowest in 3 filed years
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 | 2019-06-08 | 2020-05-31 | 2020-06-01 | 2021-05-31 | 2021-06-01 | 2022-05-31 | 2022-06-01 | 2023-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 19.1% | — | — | 16.4% | 0.3% | |
| Net margin | — | — | — | — | — | 13.9% | — | — | 7.8% | -2.8% | |
| Return on capital employed | — | — | — | — | — | 15.9% | — | — | 30.0% | 0.3% | |
| Current ratio | — | — | — | — | — | — | — | — | 2.59x | 2.07x | |
| Interest cover | — | — | — | — | — | 7.24x | — | — | 9.59x | 0.09x |
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
- MERIDIAN AUDIO LIMITED 1992-06-24 → present
- BEGINTARGET LIMITED 1992-04-29 → 1992-06-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ensors
- 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 conditio”
Significant events
- “Subsequent to the Year End the business signed long term licensing contracts with customers in Automotive, Airline and Marine sectors, which will start to recognise revenue in the year end 2026 accounts.”
- “Additionally, the business has been negatively impacted by one of its licensing customers suffering a cyber-attack and having to pause all operations for an extended period.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROBSON, Neil | Secretary | 2014-09-30 | — | — |
| BUCHANAN, Donald John | Director | 2014-06-27 | Feb 1973 | British |
| PARK, Sang Woo | Director | 2018-04-04 | Jul 1965 | South Korean |
| ROBSON, Neil | Director | 2014-09-30 | Aug 1969 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALDRIDGE, Colin Joseph | Secretary | 1992-05-06 | 1992-06-11 |
| CONSTANT, Alan Kenneth | Secretary | 1992-06-11 | 2006-06-23 |
| DOLBY, Nigel Lloyd | Secretary | 2006-06-23 | 2014-09-30 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1992-04-29 | 1992-05-06 |
| ALDRIDGE, Colin Joseph | Director | 1992-05-06 | 2007-04-30 |
| BAINTON, Alastair Ian | Director | 2010-10-07 | 2011-02-22 |
| BOOTHROYD, Allen John | Director | 1994-02-10 | 2020-03-18 |
| BOUJON, Emmanuel | Director | 2009-06-23 | 2010-09-13 |
| COHEN, Michael Harris | Director | 2007-11-05 | 2009-07-10 |
| CONSTANT, Alan Kenneth | Director | 1992-06-11 | 2006-06-23 |
| DOLBY, Nigel Lloyd | Director | 2006-08-21 | 2014-09-30 |
| EAGLESTONE, Jason Mark | Director | 2010-02-09 | 2013-10-01 |
| HAEFLING, Robert David | Director | 2006-08-21 | 2007-10-31 |
| HOLLINSHEAD, Richard James | Director | 2017-01-26 | 2017-04-15 |
| HOLLINSHEAD, Richard James | Director | 2015-04-23 | 2017-01-26 |
| HOPKINS, Steven | Director | 1992-06-11 | 1998-06-11 |
| IRELAND, Timothy Patrick | Director | 2007-08-14 | 2014-06-03 |
| JACOBY, Brian Mark | Director | 2007-01-26 | 2008-12-29 |
| JAGOE, Sean David | Director | 2013-11-14 | 2023-12-18 |
| MEREDITH, Ian | Director | 1996-05-01 | 1998-11-06 |
| MILCHAN, Yariv | Director | 2007-01-26 | 2010-09-13 |
| QUASHA, Weston William | Director | 2011-03-01 | 2013-09-09 |
| RUPERT, Anthony Edward | Director | 2011-08-25 | 2015-06-30 |
| STUART, Eleanor Burgess Taylor | Director | 1998-02-18 | 2017-09-04 |
| STUART, John Robert | Director | 1992-05-06 | 2017-09-04 |
| TAYLOR, Charles H | Director | 1992-06-11 | 2007-11-05 |
| TAYLOR, Graeme Dean | Director | 2007-11-05 | 2012-02-09 |
| TAYLOR, Stephen Emlyn | Director | 1992-06-11 | 2009-07-10 |
| VIVIER, Frank John | Director | 2007-01-26 | 2018-12-04 |
| WATSON, Douglas Thomas | Director | 1992-06-11 | 2007-05-25 |
| WEIN, Glenn Kevin | Director | 2007-01-26 | 2009-05-22 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1992-04-29 | 1992-05-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Donald John Buchanan | Individual | Shares 50–75%, Voting 50–75% | 2018-05-22 | Active |
| Reinet Investments S.C.A. | Corporate entity | Significant influence | 2016-04-06 | Ceased 2023-12-18 |
Filing timeline
Last 20 of 289 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-30 MA Memorandum articles
- 2024-12-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-24 | AA | accounts | Accounts with accounts type full | |
| 2025-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-30 | MA | incorporation | Memorandum articles | |
| 2024-12-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-24 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-11-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-12 | SH01 | capital | Capital allotment shares | |
| 2024-07-26 | AA | accounts | Accounts with accounts type full | |
| 2024-04-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-14 | AA | accounts | Accounts with accounts type full | |
| 2024-02-08 | SH06 | capital | Capital cancellation shares | |
| 2024-01-23 | SH06 | capital | Capital cancellation shares | |
| 2024-01-23 | SH03 | capital | Capital return purchase own shares | |
| 2024-01-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-17 | SH03 | capital | Capital return purchase own shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 2
- 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.