MARTEK MARINE LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-02-11 (in 9mo)
Last made up 2026-01-28
Watchouts
None on the register
Cash
£403K
-18.4% vs 2024
Net assets
£4M
+39.7% highest in 3 filed years
Employees
48
+9.1% vs 2024
Profit before tax
£1M
+336.1% vs 2024
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Turnover | — | £10,755,804 | £10,400,594 | |
| Operating profit | — | £267,653 | £1,187,780 | |
| Profit before tax | £1,367,845 | £272,666 | £1,189,143 | |
| Net profit | £1,038,060 | £269,957 | £1,136,464 | |
| Cash | £371,691 | £494,139 | £402,985 | |
| Total assets less current liabilities | £2,454,241 | £2,638,866 | £3,660,031 | |
| Net assets | £2,434,939 | £2,559,407 | £3,575,072 | |
| Equity | £2,434,939 | £2,559,407 | £3,575,072 | |
| Average employees | 49 | 44 | 48 | |
| Wages | £2,181,100 | £1,799,138 | £1,723,642 | |
| Directors' remuneration | £100,000 | £79,799 | £0 |
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 2025-12-31 vs 2024-12-31
-
Turnover
-3.3%
£10,755,804 £10,400,594
-
Cash
-18.4%
£494,139 £402,985
-
Net assets
+39.7%
£2,559,407 £3,575,072
highest in 3 filed years
-
Employees
+9.1%
44 48
-
Operating profit
+343.8%
£267,653 £1,187,780
-
Profit before tax
+336.1%
£272,666 £1,189,143
-
Wages
-4.2%
£1,799,138 £1,723,642
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | 2.5% | 11.4% | |
| Net margin | — | 2.5% | 10.9% | |
| Return on capital employed | — | 10.1% | 32.5% | |
| Current ratio | — | 3.70x | 4.70x | |
| Interest cover | — | — | 302.85x |
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
- MARTEK MARINE LIMITED 2001-02-20 → present
- MARTEK MARINE SERVICES LIMITED 2000-02-16 → 2001-02-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hart Shaw LLP
- 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 conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The company previously had a fixed and floating charge over all of its assets in favour of HSBC Corporate Trust Company (UK) Limited, securing borrowings of its former parent undertaking, James Fisher and Sons plc. This charge was fully satisfied and released on 2 January 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALEXANDER, Nicholas Robert | Director | 2024-11-21 | Oct 1968 | British |
| BEDFORD, Karen | Director | 2023-02-23 | Jan 1978 | British |
| METTYEAR, Nicholas James | Director | 2024-11-21 | Oct 1988 | British |
| ROBSON, Scott Andrew | Director | 2024-11-21 | Aug 1986 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LUEN, Paul Brian | Secretary | 2001-03-05 | 2008-03-25 |
| MARSH, James Henry John | Secretary | 2019-01-04 | 2022-09-01 |
| PRESTON, Neil Andrew | Secretary | 2008-03-25 | 2011-08-09 |
| PRINGLE, Marilyn | Secretary | 2000-02-16 | 2001-03-05 |
| SPEIRS, Peter Alexander | Secretary | 2022-09-01 | 2022-12-31 |
| ALPHA SECRETARIAL LIMITED | Corporate Nominee Secretary | 2000-02-16 | 2000-02-16 |
| BAUER, Jean-Francois Jacques Claude | Director | 2023-11-13 | 2024-09-06 |
| BROWN, Simon Gareth | Director | 2008-05-08 | 2009-11-30 |
| CANSDALE, Paul | Director | 2021-06-24 | 2023-10-04 |
| COULSON, Steven James | Director | 2003-04-02 | 2019-01-04 |
| GRAHAM, Fergus Hugh Stirling | Director | 2019-01-04 | 2020-03-19 |
| KILPATRICK, Stuart Charles | Director | 2019-01-04 | 2021-04-29 |
| LAPTHORNE, Stephen John | Director | 2013-06-10 | 2014-08-26 |
| LUEN, Paul Brian | Director | 2001-01-25 | 2020-10-08 |
| MC CLENAGHAN, Eric Edward | Director | 2007-03-30 | 2010-03-21 |
| OVINGTON, Stuart Spencer | Director | 2020-10-21 | 2021-12-17 |
| PRESTON, Neil Andrew | Director | 2008-03-25 | 2011-08-09 |
| PRINGLE, Michael | Director | 2000-02-16 | 2019-01-04 |
| SKINNER, Elizabeth Anne | Director | 2021-06-24 | 2023-02-03 |
| TURNBULL, Kenneth James, Dr | Director | 2009-12-01 | 2011-02-28 |
| WHITAKER, Simon | Director | 2011-06-08 | 2013-01-11 |
| ALPHA DIRECT LIMITED | Corporate Nominee Director | 2000-02-16 | 2000-02-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Martek Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-04 | Active |
| Mr Paul Brian Luen | Individual | Shares 25–50% | 2016-04-06 | Ceased 2019-01-04 |
Filing timeline
Last 20 of 159 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-02 MA Memorandum articles
- 2024-10-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | AA | accounts | Accounts with accounts type full | |
| 2026-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-12 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-08-11 | AA | accounts | Accounts with accounts type full | |
| 2025-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-02 | MA | incorporation | Memorandum articles | |
| 2024-10-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-13 | AA | accounts | Accounts with accounts type full | |
| 2024-03-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-16 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.