MD WARRANTY INSPECTION SERVICES LIMITED
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Cash
£207k
+989.5% highest in 5 filed years
Net assets
-£23m
-3.9% lowest in 5 filed years
Employees
125
-6% lowest in 5 filed years
Profit before tax
-£6.2m
-9.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £12,072,347 | £14,762,351 | £6,646,454 | £10,499,000 | £10,937,000 | +4.2% | |
| Operating profit | -£239,107 | £31,725 | -£12,435,577 | -£5,650,000 | -£6,197,000 | -9.7% | |
| Profit before tax | -£266,838 | — | -£12,435,577 | -£5,650,000 | -£6,197,000 | -9.7% | |
| Net profit | -£222,664 | — | -£12,435,577 | -£5,650,000 | -£879,000 | +84.4% | |
| Cash | £11,001 | £12,886 | £818 | £19,000 | £207,000 | +989.5% | |
| Total assets less current liabilities | £1,444,781 | £1,629,721 | -£771,246 | £598,000 | £6,797,000 | +1,036.6% | |
| Net assets | £167,128 | £167,128 | -£16,689,026 | -£22,339,000 | -£23,218,000 | -3.9% | |
| Equity | £167,128 | £167,128 | — | — | — | — | |
| Average employees | 203 | 194 | 188 | 133 | 125 | -6% | |
| Wages | £9,259,575 | £9,747,945 | £12,901,694 | £9,565,000 | £9,517,000 | -0.5% | |
| Directors' remuneration | £95,292 | £132,187 | £257,948 | £332,000 | £344,000 | +3.6% | |
| Highest paid director | £NaN | £NaN | £142,361 | £190,000 | £168,000 | -11.6% |
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 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | -2.0% | 0.2% | -187.1% | -53.8% | -56.7% | |
| Net margin | -1.8% | — | -187.1% | -53.8% | -8.0% | |
| Return on capital employed | -16.5% | 1.9% | — | -944.8% | -91.2% | |
| Gearing (liabilities / total assets) | 98.8% | 98.6% | 264.0% | 343.6% | 250.5% | |
| Current ratio | — | — | 0.35x | 0.47x | 1.18x | |
| Interest cover | -8.62x | 1.00x | — | — | — |
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 3 times since incorporation
- MD WARRANTY INSPECTION SERVICES LIMITED 2015-03-05 → present
- LABC NEW HOME WARRANTY SURVEYORS LIMITED 2007-04-24 → 2015-03-05
- KEYSTONE INSPECTION SERVICES LIMITED 2007-03-02 → 2007-04-24
- ABSTRACT THINKING LIMITED 2004-11-17 → 2007-03-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based upon their own analysis of the available information, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “further changes have been made to the executive team in 2025.”
- “The Company is exposed to reputational risk in connection with the pending litigation involving the Company and its related parties, MD Insurance Services Limited and MD Warranty Support Services Limited.”
- “A number of claims are being pursued against MDIS, and its subsidiaries, MD Warranty Support Services Limited and the Company, by AmTrust Specialty Limited (formerly AmTrust Europe Limited) for various alleged breaches of a delegated underwriting authority agreement pursuant to which, it had delegated authority to the Company to underwrite structural latent defects on its behalf.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VAUGHAN, Daniel Paul | Secretary | 2023-12-01 | — | — |
| BROWN, James | Director | 2025-12-19 | Apr 1978 | British |
| SWIGCISKI, David Philip | Director | 2024-05-23 | May 1972 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEVANEY, Gary James | Secretary | 2004-11-17 | 2011-12-31 |
| GOODMAN, Jacqueline Ann | Secretary | 2012-01-01 | 2023-12-01 |
| AA COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 2004-11-17 | 2004-11-17 |
| BALDWIN, Ian | Director | 2007-02-28 | 2009-10-20 |
| BURRIDGE, Robert John Charles | Director | 2009-01-01 | 2019-12-31 |
| CLARKE, Felix | Director | 2004-11-17 | 2005-09-30 |
| DEVANEY, Gary James | Director | 2004-11-17 | 2022-04-01 |
| DEVANEY, Liam Gareth | Director | 2019-12-31 | 2023-09-22 |
| EVANS, Keith | Director | 2024-02-07 | 2025-12-19 |
| HOMAN, Paula, Mrs. | Director | 2022-04-01 | 2023-05-18 |
| O'REILLY, Anya Marjorie | Director | 2022-04-01 | 2024-05-28 |
| PLASTER, Robin Edward | Director | 2004-11-17 | 2009-03-09 |
| STEPHENSON, Christine | Director | 2024-05-23 | 2025-12-19 |
| WORRALL, Stephen David | Director | 2022-04-01 | 2024-05-28 |
| BUYVIEW LTD | Corporate Nominee Director | 2004-11-17 | 2004-11-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Md Insurance Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-04-01 | Active |
| Mr Gary James Devaney | Individual | Significant influence | 2016-04-06 | Ceased 2022-04-01 |
Filing timeline
Last 20 of 94 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-13 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-18 | AA | accounts | Accounts with accounts type full | |
| 2026-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-13 | MA | incorporation | Memorandum articles | |
| 2025-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-13 | AA | accounts | Accounts with accounts type full | |
| 2024-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-29 | AUD | auditors | Auditors resignation company | |
| 2024-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-12-05 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- 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.