MARINE POWER SYSTEMS LTD
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Cash
£6.4M
+81.8% vs 2024
Net assets
£7.9M
+29.1% vs 2024
Employees
30
0% vs 2024
Profit before tax
-£1.2M
-22.6% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-04-30
| Metric | Trend | 2024-04-30 | 2025-04-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £657,149 | £0 | -100% | |
| Operating profit | -£1,093,514 | -£1,376,757 | -25.9% | |
| Profit before tax | -£945,112 | -£1,158,537 | -22.6% | |
| Net profit | -£1,046,327 | -£771,767 | +26.2% | |
| Cash | £3,522,601 | £6,402,851 | +81.8% | |
| Total assets less current liabilities | £6,082,456 | £7,852,076 | +29.1% | |
| Net assets | £6,082,456 | £7,852,076 | +29.1% | |
| Equity | £6,082,456 | £7,852,076 | +29.1% | |
| Average employees | 30 | 30 | 0% | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
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 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Operating margin | -166.4% | — | |
| Net margin | -159.2% | — | |
| Return on capital employed | -18.0% | -17.5% | |
| Current ratio | 20.27x | 67.93x |
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
- 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
- MARINE POWER SYSTEMS LTD · parent
- MPS Demonstrator Project Limited 100%
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
People
7 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STOCKMAN, Gareth Ian, Dr | Secretary | 2008-08-11 | — | British |
| BARTLETT REED, Susan | Director | 2019-07-19 | Sep 1976 | British |
| DIPLOCK, Andrew Paul | Director | 2020-10-23 | May 1969 | British |
| FOSTER, Graham David, Dr | Director | 2008-08-11 | Feb 1974 | British |
| KAHAN, Thomas Alfred | Director | 2019-08-09 | Aug 1982 | British |
| MORRIS, Justin Howard | Director | 2011-02-26 | Jun 1969 | British |
| STOCKMAN, Gareth Ian, Dr | Director | 2008-08-11 | May 1982 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PEARCE, Ian, Dr | Director | 2011-02-26 | 2019-07-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gareth Ian Stockman | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
| Dr Graham David Foster | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 120 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-18 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-18 | AA | accounts | Accounts with accounts type full | |
| 2025-08-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-02 | SH01 | capital | Capital allotment shares | |
| 2025-04-24 | SH01 | capital | Capital allotment shares | |
| 2025-01-31 | SH01 | capital | Capital allotment shares | |
| 2025-01-22 | CH01 | officers | Change person director company with change date | |
| 2025-01-09 | AA | accounts | Accounts with accounts type full | |
| 2025-01-06 | SH01 | capital | Capital allotment shares | |
| 2024-11-29 | SH01 | capital | Capital allotment shares | |
| 2024-09-23 | SH01 | capital | Capital allotment shares | |
| 2024-09-22 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-09-17 | SH01 | capital | Capital allotment shares | |
| 2024-08-30 | SH01 | capital | Capital allotment shares | |
| 2024-08-27 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-08-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-13 | SH01 | capital | Capital allotment shares | |
| 2024-04-30 | SH08 | capital | Capital name of class of shares | |
| 2024-01-19 | AA | accounts | Accounts with accounts type full | |
| 2023-11-27 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 11
- 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.