MTI WELDING TECHNOLOGIES LTD
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Cash
£2.9m
-20% lowest in 3 filed years
Net assets
£2.4m
-20.9% lowest in 3 filed years
Employees
93
-1.1% lowest in 3 filed years
Profit before tax
£593k
+1,164.4% highest in 3 filed years
Net assets
3-year trend · vs Industrials 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 | £15,952,388 | £17,656,540 | £12,528,942 | -29% | |
| Operating profit | £114,620 | -£699,664 | £637,987 | +191.2% | |
| Profit before tax | -£110,197 | -£55,729 | £593,198 | +1,164.4% | |
| Net profit | -£170,431 | -£155,972 | £620,939 | +498.1% | |
| Cash | £3,537,788 | £3,644,975 | £2,916,295 | -20% | |
| Total assets less current liabilities | £7,989,698 | £10,011,317 | £8,394,181 | -16.2% | |
| Net assets | £2,869,731 | £2,999,106 | £2,372,648 | -20.9% | |
| Equity | £2,869,731 | £2,999,106 | £2,372,648 | -20.9% | |
| Average employees | 99 | 94 | 93 | -1.1% | |
| Wages | £3,347,056 | £2,959,630 | £3,407,869 | +15.1% | |
| Directors' remuneration | £363,674 | £386,517 | £302,351 | -21.8% | |
| Directors' pension contributions | £43,400 | £15,532 | £14,400 | -7.3% | |
| Highest paid director | £189,039 | £196,459 | £165,559 | -15.7% |
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 | 0.7% | -4.0% | 5.1% | |
| Net margin | -1.1% | -0.9% | 5.0% | |
| Return on capital employed | 1.4% | -7.0% | 7.6% | |
| Gearing (liabilities / total assets) | 77.3% | — | — | |
| Current ratio | 2.56x | 12.85x | 8.81x | |
| Interest cover | 0.33x | -1.07x | 1.80x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
Group structure
- MTI WELDING TECHNOLOGIES LTD · parent
- Federal Resistance Limited 100%
- Prospot Limited 100%
- Prospot SK, LLC 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JONES, Richard Mark Alan | Secretary | 2005-11-07 | — | British |
| ADAMS, Daniel Charles | Director | 2005-11-07 | Mar 1973 | American |
| ALLEN, Paul David | Director | 2016-02-15 | Nov 1964 | British |
| BORSODI, Jennifer | Director | 2016-02-15 | Mar 1970 | American |
| JONES, Richard Mark Alan | Director | 2005-11-07 | Nov 1970 | British |
| MAZZACAVALLO, Robert | Director | 2024-03-07 | Nov 1954 | American |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUPORT SECRETARY LIMITED | Corporate Nominee Secretary | 2005-07-15 | 2005-11-01 |
| ADAMS II, Robert Chandler | Director | 2005-11-07 | 2015-06-01 |
| CLEWS, Anthony John | Director | 2005-11-07 | 2016-02-15 |
| HARPER II, Guy Reginald | Director | 2017-01-13 | 2023-12-31 |
| WAIT, Douglas Allen | Director | 2015-06-01 | 2017-01-13 |
| DUPORT DIRECTOR LIMITED | Corporate Nominee Director | 2005-07-15 | 2005-11-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Daniel Charles Adams | Individual | Significant influence | 2016-04-06 | Active |
| Mrs Jennifer Borsodi | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 88 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-09 | AA | accounts | Accounts with accounts type group | |
| 2026-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-26 | AA | accounts | Accounts with accounts type group | |
| 2025-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-19 | AA | accounts | Accounts with accounts type group | |
| 2024-05-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-14 | AA | accounts | Accounts with accounts type group | |
| 2023-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-03-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-02-24 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-02-24 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-12 | AA | accounts | Accounts with accounts type group | |
| 2021-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-08 | AA | accounts | Accounts with accounts type group | |
| 2020-07-30 | CS01 | confirmation-statement | Confirmation statement with updates |
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.