THE MINES ADVISORY GROUP
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Cash
£33m
+10.8% highest in 3 filed years
Net assets
£12m
+15.8% highest in 3 filed years
Employees
5,084
-12.3% lowest in 3 filed years
Profit before tax
£1.6m
+419% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Total income | £90,149,000 | £98,415,000 | £95,330,000 | -3.1% | |
| Operating profit | -£484,000 | £236,000 | — | — | |
| Profit before tax | -£484,000 | £311,000 | £1,614,000 | +419% | |
| Net profit | -£484,000 | £311,000 | £1,614,000 | +419% | |
| Cash | £22,832,000 | £29,489,000 | £32,669,000 | +10.8% | |
| Total assets less current liabilities | £6,383,000 | £13,291,000 | £14,651,000 | +10.2% | |
| Net assets | £6,380,000 | £10,206,000 | £11,820,000 | +15.8% | |
| Equity | £6,380,000 | £10,206,000 | £11,820,000 | +15.8% | |
| Average employees | 5,589 | 5,794 | 5,084 | -12.3% | |
| Wages | £53,522,000 | £37,726,000 | £36,643,000 | -2.9% | |
| Directors' remuneration | £694,000 | £841,000 | — | — | |
| Highest paid director | — | — | £114,444 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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 | -0.5% | 0.2% | — | |
| Net margin | -0.5% | 0.3% | 1.7% | |
| Return on capital employed | -7.6% | 1.8% | — | |
| Gearing (liabilities / total assets) | 78.5% | 72.5% | 72.8% | |
| Current ratio | 1.26x | 1.55x | 1.50x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“MAG has adequate resources to continue in operational existence for the foreseeable future being at least 12 months from the date of approval of these financial statements”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
14 active · 53 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TANSEY, Helena | Secretary | 2026-03-20 | — | — |
| BERTMAR KHAN, Anna Katarina | Director | 2026-03-20 | Apr 1970 | Swedish |
| COSTELLO, Patrick | Director | 2024-07-19 | Mar 1965 | British |
| DWAN, Renata | Director | 2021-10-22 | Feb 1969 | Irish |
| GOUGH, Judith | Director | 2025-10-27 | Nov 1972 | British |
| GRANT, Mark Alexander, Dr | Director | 2024-07-19 | Sep 1983 | British |
| HATENDI, Nesta Kuziwa Mauwa | Director | 2021-10-22 | Nov 1954 | Zimbabwean |
| JONES, Peter | Director | 2021-10-22 | Aug 1961 | British |
| KAUR, Harbinder | Director | 2021-10-22 | Oct 1954 | British |
| MALIK, John Kumar | Director | 2018-11-12 | May 1974 | British |
| MILNER, Frances Helen | Director | 2019-11-11 | May 1971 | British |
| MULHOLLAND-WELLS, Angela Louise | Director | 2023-10-20 | May 1977 | British |
| PALCA, Julia | Director | 2021-10-22 | Mar 1956 | British |
| WOODDISSE, Ralph William, Sir | Director | 2026-03-20 | Jan 1970 | British |
Show 53 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABBSI, Tariq Mahmood | Secretary | 2002-08-27 | 2005-03-31 |
| CARSTAIRS, Timothy John | Secretary | 2005-05-12 | 2008-01-21 |
| CRAGG, Karen Anne | Secretary | 2017-04-20 | 2017-10-06 |
| DARBY, Michael | Secretary | 2017-02-10 | 2017-04-07 |
| HOWELL, Sarah Louise | Secretary | 2020-07-24 | 2023-10-20 |
| HOWELL, Sarah Louise | Secretary | 2018-03-28 | 2020-04-20 |
| HOWELL, Sarah Louise | Secretary | 2008-11-07 | 2017-02-10 |
| KARWA, Aj | Secretary | 2017-10-06 | 2018-03-28 |
| MASON, Julian Paul | Secretary | 2023-10-20 | 2026-03-20 |
| MULHOLLAND-WELLS, Angela | Secretary | 2020-04-20 | 2020-07-24 |
| WILLIS, Jayne | Secretary | 2000-06-16 | 2002-01-25 |
| AYIN, Alexander James | Director | 2019-11-11 | 2020-10-30 |
| BATE, Sonia | Director | 2020-05-15 | 2024-07-19 |
| BATES, Christopher Peter Roger, Colonel | Director | 2011-07-25 | 2017-11-10 |
| BELL, Paul Robert | Director | 2010-05-20 | 2017-11-10 |
| BROWN, Karen Veronica | Director | 2017-11-10 | 2021-10-22 |
| CHITIYO, Tapera Knox, Dr | Director | 2012-07-20 | 2018-11-09 |
| COCKING, Jane Mary | Director | 2015-11-13 | 2016-09-01 |
| COLLIER, Anthony Paul | Director | 2016-11-11 | 2023-12-31 |
| COOKE, William Michael | Director | 2000-10-27 | 2012-02-03 |
| CUNNINGHAM, Joan Angela | Director | 2000-06-16 | 2005-09-15 |
| DEJONG, Jocelyn | Director | 2001-12-20 | 2005-09-15 |
| DESAI, Khaleel | Director | 2019-11-11 | 2026-07-03 |
| DUGGAN, Brendan Thomas | Director | 2004-07-02 | 2006-04-25 |
| FAIRHURST, John Andrew | Director | 2006-06-21 | 2010-11-05 |
| FERGUSON, Brian Harry | Director | 2001-12-20 | 2004-01-16 |
| FLEMING, Susan, Dr | Director | 2000-06-16 | 2000-12-31 |
| FORBES, Vanessa Jane, Dr | Director | 2012-07-20 | 2013-10-09 |
| GREAVES, John Matthew | Director | 2007-11-13 | 2010-12-17 |
| GREENWOOD, Judith Frances | Director | 2018-11-12 | 2025-06-27 |
| JOHAL, Navjyot | Director | 2000-06-16 | 2002-12-19 |
| JONES, Sarah Caroline | Director | 2006-11-29 | 2011-02-04 |
| KEMP, Christopher Peter | Director | 2017-11-10 | 2024-07-19 |
| KENDAL-WARD, Dominic Adam | Director | 2016-11-11 | 2021-10-22 |
| MARLES, Claire | Director | 2011-05-20 | 2013-09-06 |
| MARRIOTT, Jane | Director | 2018-05-11 | 2023-07-07 |
| MARSH, Elizabeth | Director | 2004-07-02 | 2009-11-20 |
| MCGRATH, Gervase Joseph Patrick | Director | 2000-06-16 | 2002-12-19 |
| MILLER, Gillian | Director | 2008-11-07 | 2015-05-15 |
| NIELSEN, Paul Michael | Director | 2010-02-05 | 2016-11-11 |
| PEACH, Kathy | Director | 2013-11-15 | 2019-11-11 |
| REID, Diane Elizabeth | Director | 2012-07-20 | 2020-02-07 |
| ROWE, Colin | Director | 2008-05-29 | 2017-12-01 |
| SHERRINGTON, Matthew Andrew | Director | 2013-11-15 | 2019-11-11 |
| SHINNICK, John Michael | Director | 2013-09-06 | 2020-02-21 |
| SINCLAIR, Jim | Director | 2004-07-02 | 2006-10-24 |
| STEWART, Sheelagh | Director | 2015-11-13 | 2017-02-10 |
| TAITHE, Bertrand Olivier | Director | 2018-02-09 | 2024-07-19 |
| TAYLOR, Michael Hugh | Director | 2000-06-16 | 2013-11-15 |
| THOMAS OF MACCLESFIELD, Terence James, Lord | Director | 2004-07-02 | 2007-11-13 |
| TURTON, Neil Andrew | Director | 2013-11-15 | 2019-11-11 |
| WILLIAMS, Michael Charles, Lord | Director | 2013-11-15 | 2017-04-23 |
| WRIGHT, Steve, Dr | Director | 2001-05-21 | 2013-11-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Richard Munday | Individual | Significant influence | 2025-08-08 | Ceased 2026-09-02 |
| Ms Shari Bryan | Individual | Significant influence | 2024-10-07 | Active |
| Ms Josephine Dresner | Individual | Significant influence | 2023-01-01 | Active |
| Ms Louise Mary Mcdonald | Individual | Significant influence | 2022-08-15 | Active |
| Ms Ria Ntabejane | Individual | Significant influence | 2021-09-27 | Ceased 2026-09-11 |
| Mr Julian Paul Mason | Individual | Significant influence | 2021-09-02 | Ceased 2026-05-01 |
| Mr Gregory Philip Crowther | Individual | Significant influence | 2021-01-29 | Active |
| Mr Darren Cormack | Individual | Significant influence | 2020-05-01 | Active |
| Mr Jonathan Brown | Individual | Significant influence | 2019-11-04 | Active |
Filing timeline
Last 20 of 253 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-01 | AA | accounts | Accounts with accounts type full | |
| 2026-09-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-09-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-24 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-05 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-05 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-09-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-22 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-22 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-22 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-22 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-22 | PSC04 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 2
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.