MARINE POWER SYSTEMS LTD

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

  -100%

  £657,149 → £0

• Cash

  +81.8%

  £3,522,601 → £6,402,851

• Net assets

  +29.1%

  £6,082,456 → £7,852,076

• Employees

  0%

  30 → 30

• Operating profit

  -25.9%

  -£1,093,514 → -£1,376,757

• Profit before tax

  -22.6%

  -£945,112 → -£1,158,537

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

UHY Hacker Young

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared a detailed business plan and rolling cash flow forecasts. On this basis the directors have concluded that the company will be comfortably able to meet its liabilities as they fall due for the foreseeable future and hence it is appropriate to continue to adopt the going concern basis in the preparation of these financial statements. The cash position of Marine Power Systems Ltd provides adequate runway for the company to continue its principal activities for over 24 months.”

Group structure

1. MARINE POWER SYSTEMS LTD · parent
   1. MPS Demonstrator Project Limited 100% · England and Wales · Dormant

Significant events

• “During the financial year, two grant-funded projects reached completion, with final payments amounting to £0.7 million received after 30 April 2025. In addition, two new grant-funded projects commenced during the year and a revenue generating Engineering Study was awarded post year end.”

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

Filings

4

last 12 months

Capital events

11

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.