MASABI GROUP LIMITED
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Cash
£10m
-14.8% vs 2024
Net assets
-£1.5m
-49.6% lowest in 3 filed years
Employees
156
-14.8% lowest in 3 filed years
Profit before tax
-£468k
+78% highest in 3 filed years
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.
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology 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 |
|---|---|---|---|---|---|
| Turnover | £28,836,000 | £37,463,000 | £41,856,000 | +11.7% | |
| Operating profit | -£9,569,000 | -£1,478,000 | -£68,000 | +95.4% | |
| Profit before tax | -£10,463,000 | -£2,132,000 | -£468,000 | +78% | |
| Net profit | -£8,840,000 | -£1,621,000 | -£504,000 | +68.9% | |
| Cash | £7,650,000 | £11,843,000 | £10,086,000 | -14.8% | |
| Total assets less current liabilities | £7,406,000 | £4,109,000 | — | — | |
| Net assets | £1,075,000 | -£982,000 | -£1,469,000 | -49.6% | |
| Equity | £1,075,000 | -£982,000 | -£1,469,000 | -49.6% | |
| Average employees | 186 | 183 | 156 | -14.8% | |
| Wages | £13,027,000 | £14,513,000 | £14,311,000 | -1.4% | |
| Directors' remuneration | £592,000 | £735,000 | £1,146,000 | +55.9% | |
| Directors' pension contributions | £2,000 | £2,000 | £9,000 | +350% | |
| Highest paid director | £406,000 | £410,000 | £486,000 | +18.5% |
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 | -33.2% | -3.9% | -0.2% | |
| Net margin | -30.7% | -4.3% | -1.2% | |
| Return on capital employed | -129.2% | -36.0% | — | |
| Gearing (liabilities / total assets) | 95.4% | 104.2% | 106.5% | |
| Current ratio | 1.40x | 1.26x | 1.16x | |
| Interest cover | -10.70x | -2.05x | -0.12x |
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
- MASABI GROUP LIMITED 2019-04-17 → present
- BLUE TECHNOLOGIES LIMITED 2001-07-27 → 2019-04-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reviewed and have concluded there is a reasonable expectation that the company together with its subsidiary undertakings ('the Group') have adequate resources to continue in operation for at least 12 months from the date of approval of the 31 December 2025 accounts. Consequently these accounts have therefore been prepared on the going concern basis.”
Group structure
- MASABI GROUP LIMITED · parent
- Masabi Limited 100%
- Masabi US Limited 100%
- Masabi LLC 100%
Significant events
- “On 12 January 2026, the company entered into a new Facilities Agreement with HSBC Innovation Bank Limited, increasing total borrowing facilities by £9m to £16.7m.”
- “Subsequent to the balance sheet date, on 20 January 2026, the group completed the acquisition of 100% of the issued share capital of We Are Base Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LERNER, Jonathan Andrew | Director | 2019-04-05 | Jul 1981 | British |
| PORTEN, Joe | Director | 2022-02-28 | Jun 1978 | American |
| WHITAKER, Benjamin John Dixon | Director | 2001-07-27 | Jan 1978 | British |
| ZANGHI, Brian Kenneth | Director | 2015-02-03 | Apr 1959 | American |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COAKLEY, Deirdre Mary | Secretary | 2010-10-01 | 2012-11-06 |
| HOWSON, Edward Jonathan Rodney | Secretary | 2014-06-09 | 2019-04-03 |
| JONES, Matthew Alexander | Secretary | 2012-12-06 | 2014-06-09 |
| WHITAKER, Benjamin John Dixon | Secretary | 2001-07-27 | 2010-10-01 |
| CAMBRIDGE NOMINEES LIMITED | Corporate Secretary | 2001-07-27 | 2001-07-27 |
| GODBER, Thomas Mark | Director | 2001-08-15 | 2019-04-03 |
| GOODWIN, Jonathan Philip Pryce | Director | 2015-10-23 | 2019-04-03 |
| HOWSON, Edward Jonathan Rodney | Director | 2010-09-21 | 2014-08-05 |
| JANSSEN, Ryan | Director | 2015-05-06 | 2016-12-12 |
| JONES, Matthew Alexander | Director | 2019-04-03 | 2022-02-28 |
| KIM, Joseph J | Director | 2010-09-21 | 2015-05-06 |
| MENASHY, Simon Jonathan | Director | 2015-06-26 | 2022-02-28 |
| MULLANEY, Sean Patrick | Director | 2001-08-15 | 2005-07-31 |
| NEALE, Joseph Stephen | Director | 2016-12-15 | 2018-06-01 |
| STIRLING, Rory John | Director | 2012-11-23 | 2015-06-26 |
| TALBOT, Edward James | Director | 2018-06-01 | 2020-02-05 |
| CAMBRIDGE INCORPORATIONS LIMITED | Corporate Director | 2001-07-27 | 2001-07-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Accel-Kkr Growth Capital Partners Iv, L.P | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2022-02-28 | Ceased 2026-01-01 |
Filing timeline
Last 20 of 195 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-07 | SH01 | capital | Capital allotment shares | |
| 2026-08-04 | AA | accounts | Accounts with accounts type group | |
| 2026-08-04 | RP09 | address | Default companies house service address applied officer | |
| 2026-06-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-29 | SH01 | capital | Capital allotment shares | |
| 2026-04-28 | SH01 | capital | Capital allotment shares | |
| 2026-03-20 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2026-03-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-11 | SH01 | capital | Capital allotment shares | |
| 2026-02-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-16 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-10-27 | AA | accounts | Accounts with accounts type group | |
| 2025-09-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-24 | CH01 | officers | Change person director company with change date | |
| 2025-06-22 | SH01 | capital | Capital allotment shares | |
| 2025-02-28 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 5
- 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.