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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-11-21 (in 6mo)

Last made up 2025-11-07

Watchouts

1 item

Cash

£3M

-68.4% vs 2023

Net assets

£27M

+2.3% vs 2023

Employees

118

-7.1% vs 2023

Profit before tax

£2M

-85.6% vs 2023

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £34,035,374£21,644,171
Operating profit £12,081,520£1,686,600
Profit before tax £11,937,534£1,717,978
Net profit £9,060,530£1,253,157
Cash £10,503,903£3,318,394
Total assets less current liabilities £27,800,325£28,205,179
Net assets £26,227,063£26,830,220
Equity £26,227,063£26,830,220
Average employees 127118
Wages £6,746,552£6,560,573
Directors' remuneration £748,069£949,633

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

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 2023-12-312024-12-31
Operating margin 35.5%7.8%
Net margin 26.6%5.8%
Return on capital employed 43.5%6.0%
Current ratio 3.43x5.37x
Interest cover 55.10x16.11x

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
Cooper Parry Group Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“After making appropriate enquiries, assessing any material uncertainties, and preparing integrated profit and loss account, balance sheet, and cash flow forecasts covering a period of at least twelve months from the date the financial statements are approved, the Directors have concluded that there is a reasonable expectation that the company will have sufficient resources to meet its obligations as they fall due and to continue in operational existence for the foreseeable future.”

Group structure

  1. MSCM LIMITED · parent
    1. MSCM Subsea Solutions Limited 100% · England and Wales · dormant company, which has never traded

Significant events

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

People

4 active · 8 resigned

Name Role Appointed Born Nationality
JEFFREY, Neil Director 2024-08-01 Aug 1972 British
LOWTHER, Mark Dixon Director 2010-11-30 Dec 1960 British
ROBINSON, Neil Director 2011-01-24 Oct 1963 British
WHITE, Kim Irene Director 2012-01-01 Jan 1965 British
Show 8 resigned officers
Name Role Appointed Resigned
COSGROVE, Patrick Joseph Secretary 1999-11-11 2019-11-26
DIX, Margaret Ann Secretary 1999-11-11 1999-11-11
BRIGHTWELL, Eric Johann Frederick Director 1999-11-11 1999-11-11
BURGON, Terence Philip Director 2011-01-24 2014-03-31
CATLEY, Ronald Charles Director 1999-11-11 2014-03-31
COSGROVE, Patrick Joseph Director 1999-11-11 2019-11-26
HURLEY, Keith William Walter Director 2000-02-01 2000-10-01
MCLINTOCK, Martin Joseph Director 2020-06-01 2025-09-05

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mscm Holdings Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2024-10-29 Active
Mrs Ann Merryfield Individual Shares 75–100% 2023-07-23 Ceased 2024-01-24
Mr John Merryfield Individual Shares 75–100% 2018-03-20 Ceased 2023-07-23
Mr Mark Dixon Lowther Individual Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Ceased 2024-10-29
Mr Matthew John Mandeville Individual Shares 25–50% 2016-04-06 Ceased 2018-03-20
Mr Stephen Wareham (As Executor Of John Mandeville) Individual Shares 25–50% 2016-04-06 Ceased 2018-03-20
Mr Mark Dixon Lowther (As Executor Of John Mandeville) Individual Shares 25–50% 2016-04-06 Ceased 2017-02-27

Filing timeline

Last 20 of 144 total filings

Date Type Category Description
2025-12-28 AA accounts Accounts with accounts type full
2025-11-07 CS01 confirmation-statement Confirmation statement with updates PDF
2025-10-14 TM01 officers Termination director company with name termination date PDF
2025-04-02 AA accounts Accounts with accounts type full
2025-01-21 CS01 confirmation-statement Confirmation statement with updates PDF
2025-01-21 AP01 officers Appoint person director company with name date PDF
2024-10-29 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2024-10-29 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2024-02-02 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2024-02-02 PSC04 persons-with-significant-control Change to a person with significant control PDF
2024-01-22 CS01 confirmation-statement Confirmation statement with updates PDF
2023-10-12 PSC01 persons-with-significant-control Notification of a person with significant control PDF
2023-10-12 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2023-10-09 AA accounts Accounts with accounts type full
2023-05-10 MR04 mortgage Mortgage satisfy charge full PDF
2023-01-31 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-10-07 AA accounts Accounts with accounts type full
2022-01-21 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-10-05 AA accounts Accounts with accounts type full
2021-03-02 CS01 confirmation-statement Confirmation statement with no updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
1

last 12 months

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

Official Companies House page