MARINE SPECIALISED TECHNOLOGY LIMITED
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Cash
£470K
+23.5% vs 2024
Net assets
£6.8M
+1% vs 2024
Employees
128
-4.5% vs 2024
Profit before tax
£160K
+125.7% first positive since 2024
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £19,392,310 | £17,815,556 | £19,474,932 | +9.3% | |
| Operating profit | — | — | — | £1,233,848 | -£183,465 | £476,979 | +360% | |
| Profit before tax | — | — | — | £781,613 | -£622,284 | £159,940 | +125.7% | |
| Net profit | £261,997 | £512,547 | £224,540 | £600,423 | -£505,774 | £68,645 | +113.6% | |
| Cash | £1,807,735 | £213,528 | £531,357 | £170,357 | £380,917 | £470,362 | +23.5% | |
| Total assets less current liabilities | — | — | — | £10,368,305 | £10,033,119 | £10,137,937 | +1% | |
| Net assets | £4,147,622 | £4,660,169 | £5,416,237 | £8,121,993 | £6,717,764 | £6,787,954 | +1% | |
| Equity | — | £4,660,169 | £5,880,665 | £8,121,993 | £6,717,764 | £6,787,954 | +1% | |
| Average employees | 79 | 100 | 94 | 135 | 134 | 128 | -4.5% | |
| Wages | £2,561,135 | £2,278,271 | £3,160,962 | £4,566,929 | £4,632,580 | £4,784,312 | +3.3% | |
| Directors' remuneration | — | — | — | £164,376 | £177,887 | £171,703 | -3.5% |
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 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 6.4% | -1.0% | 2.4% | |
| Net margin | — | — | — | 3.1% | -2.8% | 0.4% | |
| Return on capital employed | — | — | — | 11.9% | -1.8% | 4.7% | |
| Gearing (liabilities / total assets) | — | — | — | — | 71.7% | 72.7% | |
| Current ratio | — | — | — | 1.40x | 1.28x | 1.25x | |
| Interest cover | — | — | — | 6.61x | -0.58x | 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.
Name history
Renamed 1 time since incorporation
- MARINE SPECIALISED TECHNOLOGY LIMITED 2002-06-21 → present
- MARINE SPEED TECHNOLOGY LIMITED 2002-03-08 → 2002-06-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Mitchell Charlesworth (Audit) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group and parent company have adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- MARINE SPECIALISED TECHNOLOGY LIMITED · parent
- MST Fleet Services Limited 100%
- MST Special Products Limited 100%
- Specialised Inflatable Technology Limited 100%
- Subskimmer Limited 100%
- MST Property Holdings Limited 100%
Significant events
- “Progress has unfortunately been delayed due to an ongoing legal dispute affecting part of the site title.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NEWFIELD TRUST SERVICES LTD | Corporate Secretary | 2010-06-28 | — | — |
| HILBERT, Philip Timothy Leon | Director | 2002-03-08 | May 1975 | British |
| HINE, Philip Andrew | Director | 2002-10-31 | Jul 1954 | British |
| KERFOOT, Benjamin William Paul | Director | 2002-06-27 | Feb 1971 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HILBERT, Andrew Gordon Farrant | Secretary | 2002-03-08 | 2002-06-26 |
| HINE, Philip Andrew | Secretary | 2002-10-31 | 2010-06-28 |
| KERFOOT, Benjamin William Paul | Secretary | 2002-06-27 | 2002-10-31 |
| ALPHA SECRETARIAL LIMITED | Corporate Nominee Secretary | 2002-03-08 | 2002-03-08 |
| HILBERT, Andrew Gordon Farrant | Director | 2002-03-08 | 2002-06-26 |
| ALPHA DIRECT LIMITED | Corporate Nominee Director | 2002-03-08 | 2002-03-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Benjamin William Paul Kerfoot | Individual | Shares 25–50% | 2016-04-06 | Active |
| Mr Philip Timothy Leon Hilbert | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 139 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-09-08 RESOLUTIONS Resolution
- 2022-09-08 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type group | |
| 2026-01-19 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-30 | AA | accounts | Accounts with accounts type group | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-28 | AA | accounts | Accounts with accounts type group | |
| 2024-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-30 | AA | accounts | Accounts with accounts type group | |
| 2023-02-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-08 | SH01 | capital | Capital allotment shares | |
| 2022-09-30 | SH01 | capital | Capital allotment shares | |
| 2022-09-08 | RESOLUTIONS | resolution | Resolution | |
| 2022-09-08 | MA | incorporation | Memorandum articles | |
| 2022-07-25 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.