MARINE SPECIALISED TECHNOLOGY LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2027-01-24 (in 8mo)
Last made up 2026-01-10
Watchouts
None on the register
Cash
£381K
+123.6% vs 2023
Net assets
£8M
-6.2% vs 2023
Employees
134
-0.7% vs 2023
Profit before tax
-£532K
-168.1% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-09-30
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £19,392,310 | £17,815,556 | |
| Operating profit | — | — | — | — | £1,233,848 | -£183,465 | |
| Profit before tax | — | — | — | — | £781,613 | -£532,284 | |
| Net profit | £1,246,520 | £261,997 | £512,547 | — | £600,423 | -£415,774 | |
| Cash | £1,045,868 | £1,807,735 | — | — | £170,357 | £380,917 | |
| Total assets less current liabilities | £4,090,262 | — | — | — | £10,368,305 | £10,033,119 | |
| Net assets | £3,885,625 | £4,147,622 | — | — | £8,121,993 | £7,617,764 | |
| Equity | — | — | — | £5,880,665 | £8,121,993 | £7,617,764 | |
| Average employees | 109 | 79 | 100 | — | 135 | 134 | |
| Wages | £3,096,866 | £2,561,135 | — | — | £4,566,929 | £4,632,580 | |
| Directors' remuneration | — | — | — | — | £164,376 | £177,887 |
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 2024-09-30 vs 2023-09-30
-
Turnover
-8.1%
£19,392,310 £17,815,556
-
Cash
+123.6%
£170,357 £380,917
-
Net assets
-6.2%
£8,121,993 £7,617,764
-
Employees
-0.7%
135 134
-
Operating profit
-114.9%
£1,233,848 -£183,465
-
Profit before tax
-168.1%
£781,613 -£532,284
-
Wages
+1.4%
£4,566,929 £4,632,580
highest in 4 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 | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 6.4% | -1.0% | |
| Net margin | — | — | — | — | 3.1% | -2.3% | |
| Return on capital employed | — | — | — | — | 11.9% | -1.8% | |
| Current ratio | — | — | — | — | 1.40x | 1.28x | |
| Interest cover | — | — | — | — | 6.61x | -0.80x |
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 has 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%
Significant events
- “Follow on option craft secured on the contract for the German Navy F126 Frigate Programme. The first boat for this contract is expected to be delivered in September 2025 and the last craft in 2035.”
- “Received multiple contracts for our popular Inflatable Landing Craft (ILC) from NATO partners across Northern Europe.”
- “Awarded contract from the Japanese Navy for our Fast Raiding, Interception and Special Forces Craft (FRISC TM) platform.”
- “First two orders for our new FIC boats (Fast Interceptor Craft) which are expected to be very popular with military customers.”
- “Building on our Technology Transfer revenues by partnering on foreign indigenization programmes”
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 138 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 | |
|---|---|---|---|---|
| 2026-01-19 | 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 | |
| 2022-05-11 | 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
- 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.