MSCM LIMITED
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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
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
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| 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 | 127 | 118 | |
| 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
-
Turnover
-36.4%
£34,035,374 £21,644,171
-
Cash
-68.4%
£10,503,903 £3,318,394
-
Net assets
+2.3%
£26,227,063 £26,830,220
-
Employees
-7.1%
127 118
-
Operating profit
-86%
£12,081,520 £1,686,600
-
Profit before tax
-85.6%
£11,937,534 £1,717,978
-
Wages
-2.8%
£6,746,552 £6,560,573
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 35.5% | 7.8% | |
| Net margin | 26.6% | 5.8% | |
| Return on capital employed | 43.5% | 6.0% | |
| Current ratio | 3.43x | 5.37x | |
| Interest cover | 55.10x | 16.11x |
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
- MSCM LIMITED · parent
- MSCM Subsea Solutions Limited 100%
Significant events
- “The business is now starting to see the rewards with the ERP system (Epicor) which we invested in 2023.”
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 | |
| 2025-10-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-02 | AA | accounts | Accounts with accounts type full | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-02-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-02-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-12 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-05-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.