MI SPECIALTY LTD
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Cash
£1.3m
+243.4% vs 2024
Net assets
£1.8m
-27.6% vs 2024
Employees
—
Average over period
Profit before tax
£1.3m
-18.1% vs 2024
Net assets
3-year trend · vs Financials 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 | £5,963,376 | £7,390,018 | £7,488,153 | +1.3% | |
| Operating profit | £1,147,183 | £1,475,818 | £1,214,187 | -17.7% | |
| Profit before tax | £1,165,059 | £1,536,898 | £1,259,351 | -18.1% | |
| Net profit | £812,546 | £1,131,593 | £919,574 | -18.7% | |
| Cash | — | £371,391 | £1,275,310 | +243.4% | |
| Total assets less current liabilities | — | £2,509,956 | £1,819,730 | -27.5% | |
| Net assets | — | £2,468,156 | £1,787,730 | -27.6% | |
| Equity | — | £2,468,156 | £1,787,730 | -27.6% | |
| Average employees | — | — | — | — | |
| 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 19.2% | 20.0% | 16.2% | |
| Net margin | 13.6% | 15.3% | 12.3% | |
| Return on capital employed | — | 58.8% | 66.7% | |
| Gearing (liabilities / total assets) | — | 4.6% | 40.2% | |
| Current ratio | — | 28.59x | 2.25x |
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
- MI SPECIALTY LTD 2023-03-13 → present
- MI COMMERCIAL RISKS LTD 2021-06-02 → 2023-03-13
- R&Q COMMERCIAL RISK SERVICES LIMITED 2010-07-27 → 2021-06-02
- R&Q AFFIRMATIVE SOLUTIONS LIMITED 2010-07-13 → 2010-07-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. In forming their opinion, the directors have considered the performance of the company both during the year and subsequent to the year end, and the forecasted financial performance.”
Significant events
- “A dividend of £1,050,000 has been declared by the company after the balance sheet date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ASTLEY, Stephen | Secretary | 2021-04-23 | — | — |
| ASTLEY, Stephen, Mr | Director | 2021-04-23 | Nov 1959 | British |
| COATES, Anthony | Director | 2021-04-23 | Oct 1981 | British |
| MOORE, David Robert | Director | 2021-04-23 | Feb 1966 | British |
| PYKE, Matthew Mervyn | Director | 2021-04-23 | Aug 1970 | British |
| WHEDDON, James Colin | Director | 2010-09-01 | Mar 1977 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| R&Q CENTRAL SERVICES LIMITED | Corporate Secretary | 2013-11-26 | 2021-04-23 |
| R&Q SECRETARIES LIMITED | Corporate Secretary | 2010-07-13 | 2013-11-26 |
| BELL, Michael | Director | 2011-11-28 | 2017-11-16 |
| GLOVER, Michael Logan | Director | 2017-11-16 | 2019-12-31 |
| GLOVER, Michael Logan | Director | 2010-07-13 | 2010-07-27 |
| HALES, Nicholas John | Director | 2012-02-02 | 2015-02-27 |
| JOHNSON, Sangeeta | Director | 2020-10-08 | 2021-04-23 |
| MCCOY, Robin Edward | Director | 2010-07-27 | 2017-11-16 |
| PETCH, Steven John | Director | 2017-11-16 | 2020-05-31 |
| QUILTER, Alan Kevin | Director | 2017-11-16 | 2021-04-23 |
| QUILTER, Alan Kevin | Director | 2010-07-27 | 2011-10-10 |
| RIDDELL, Timothy Roger | Director | 2010-07-27 | 2011-03-11 |
| SLOAN, Philippe Michel | Director | 2011-10-12 | 2017-11-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lloyd & Whyte Group Ltd | Corporate entity | Shares 75–100% | 2022-10-28 | Active |
| Stride Ltd | Corporate entity | Shares 75–100% | 2021-04-23 | Ceased 2022-10-28 |
| Lloyd & Whyte Group Ltd | Corporate entity | Voting 50–75% | 2021-04-23 | Ceased 2021-04-23 |
| R&Q Mga Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-04-23 |
| Mr Kenneth Edward Randall | Individual | Significant influence | 2016-04-06 | Ceased 2019-07-10 |
Filing timeline
Last 20 of 103 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-03-13 CERTNM Certificate change of name company PDF
- 2022-11-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | AA | accounts | Accounts with accounts type full | |
| 2026-08-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-12 | CH01 | officers | Change person director company with change date | |
| 2026-02-13 | CH01 | officers | Change person director company with change date | |
| 2025-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-14 | AA | accounts | Accounts with accounts type full | |
| 2024-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-04 | AA | accounts | Accounts with accounts type full | |
| 2023-07-31 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-07-31 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-07-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-17 | AA | accounts | Accounts with accounts type small | |
| 2023-03-13 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-02-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-11-04 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2022-11-04 | SH20 | capital | Legacy | |
| 2022-11-04 | CAP-SS | insolvency | Legacy | |
| 2022-11-04 | RESOLUTIONS | resolution | Resolution | |
| 2022-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-13 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.