MTREC LIMITED

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

• Turnover

  -3.4%

  £27,239,108 → £26,319,612

• Cash

  -24.8%

  £1,880,565 → £1,414,936

• Net assets

  +7%

  £2,555,325 → £2,735,285

• Employees

  -11.9%

  134 → 118

• Operating profit

  -23.6%

  £1,065,309 → £813,908

• Profit before tax

  -24.1%

  £998,601 → £757,753

• Wages

  +0.4%

  £4,605,478 → £4,624,638

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ryecroft Glenton

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company meets its day to day working capital requirements through cash generated from operations. Having considered the current cash forecasts of the company, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for a period of a least twelve months from the date of signing these financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements.”

Significant events

• “The successful achievement of the business plan for FY25.”
• “Ensuring all financial obligations to OPG were met for the year.”
• “The continued supply, beyond the initial one-year term of a highly prestigious automotive recruitment contract.”
• “The award of a sole supplier contract with a new multi-national manufacturing client with an expanding North-East based strategic location.”
• “The retention of key and long-term MTrec clients.”
• “Recruiting a number of permanent recruitment consultants for all key divisions in the business.”
• “The continued market-place development for the permanent recruitment divisions, as well as the acquisition of clients on a national basis.”
• “The continued and successful retention of long-serving key staff members.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.