MD WARRANTY INSPECTION SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-23 (this month)
Last made up 2025-05-09
Watchouts
None on the register
Cash
£19K
+2,205.1% highest in 4 filed years
Net assets
-£22M
-33.9% lowest in 4 filed years
Employees
133
-29.3% lowest in 4 filed years
Profit before tax
-£6M
+54.6% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £12,072,347 | £14,762,351 | £6,646,454 | £10,499,036 | |
| Operating profit | — | — | -£239,107 | £31,725 | -£12,435,577 | -£5,649,655 | |
| Profit before tax | — | — | -£266,838 | — | -£12,435,577 | -£5,649,655 | |
| Net profit | — | — | -£222,664 | — | -£12,435,577 | -£5,649,655 | |
| Cash | — | — | £11,001 | £12,886 | £818 | £18,856 | |
| Total assets less current liabilities | — | — | £1,444,781 | £1,629,721 | -£771,246 | £598,436 | |
| Net assets | — | — | £167,128 | £167,128 | -£16,689,026 | -£22,338,681 | |
| Equity | £351,733 | £389,792 | £167,128 | £167,128 | -£16,689,026 | -£22,338,681 | |
| Average employees | — | — | 203 | 194 | 188 | 133 | |
| Wages | — | — | £9,259,575 | £9,747,945 | £12,901,694 | £9,565,073 | |
| Directors' remuneration | — | — | £95,292 | £132,187 | £257,948 | £331,914 |
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 2024-12-31 vs 2023-12-31
-
Turnover
+58%
£6,646,454 £10,499,036
-
Cash
+2,205.1%
£818 £18,856
highest in 4 filed years
-
Net assets
-33.9%
-£16,689,026 -£22,338,681
lowest in 4 filed years
-
Employees
-29.3%
188 133
lowest in 4 filed years
-
Operating profit
+54.6%
-£12,435,577 -£5,649,655
-
Profit before tax
+54.6%
-£12,435,577 -£5,649,655
-
Wages
-25.9%
£12,901,694 £9,565,073
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -2.0% | 0.2% | -187.1% | -53.8% | |
| Net margin | — | — | -1.8% | — | -187.1% | -53.8% | |
| Return on capital employed | — | — | -16.5% | 1.9% | 1612.4% | -944.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | 264.0% | 343.6% | |
| Current ratio | — | — | — | — | 0.35x | 0.47x | |
| 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 on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of twelve months from when the financial statements are authorised for issue.”
Significant events
- “The result reflects a significant improvement in operational performance due to a deliberate strategic decision by the directors to resize and restructure the business. This initiative led to a decrease in staff numbers and associated costs, contributing to improved efficiency and reduced operating losses in 2024. The Company remains committed to restoring profitability and further changes have been made to the executive team in 2024.”
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 90 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-13 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2023-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-29 | AA | accounts | Accounts with accounts type full | |
| 2023-06-08 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.