MATORTHO LIMITED
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Cash
£1.3M
+43.8% highest in 4 filed years
Net assets
-£7.5M
-62.4% lowest in 4 filed years
Employees
71
+9.2% highest in 4 filed years
Profit before tax
-£3M
-35% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
4-year trend · vs Health Care median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £10,744,154 | £12,135,094 | +12.9% | |
| Operating profit | — | — | -£1,891,817 | -£2,520,596 | -33.2% | |
| Profit before tax | — | — | -£2,214,441 | -£2,990,149 | -35% | |
| Net profit | — | -£1,872,285 | -£1,962,854 | -£2,862,507 | -45.8% | |
| Cash | £268,719 | £1,242,218 | £904,887 | £1,301,159 | +43.8% | |
| Total assets less current liabilities | — | — | -£64,191 | -£870,517 | -1,256.1% | |
| Net assets | -£1,460,632 | -£3,332,917 | -£4,589,944 | -£7,452,451 | -62.4% | |
| Equity | — | — | -£4,589,944 | -£7,452,451 | -62.4% | |
| Average employees | 58 | 58 | 65 | 71 | +9.2% | |
| Wages | £2,630,267 | £2,718,794 | £3,675,061 | £4,416,936 | +20.2% | |
| Directors' remuneration | — | — | £639,213 | £843,388 | +31.9% |
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -17.6% | -20.8% | |
| Net margin | — | — | -18.3% | -23.6% | |
| Current ratio | — | — | 0.69x | 0.64x | |
| Interest cover | — | — | -5.79x | -5.18x |
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 1 time since incorporation
- MATORTHO LIMITED 2010-11-16 → present
- MATCO LICENSED PRODUCTS LIMITED 2010-07-22 → 2010-11-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The shareholders of Matortho Group Holdings Limited invested a further £2.9m, by way of loan notes, into the company's immediate parent undertaking, MatOrtho Holdings Limited, in July 2024 and this was accompanied by debt facilities of £3.0m from Virgin Money, with a further £1.5m facility when ReCerf obtains MDR and TGA approval which has now been achieved. As a result, the directors have a reasonable expectation that the group will have adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- MATORTHO LIMITED · parent
- MatOrtho Europe Limited 100%
- MatOrtho PTY Limited 100%
- Matortho Ireland Limited 100%
Significant events
- “ReCerf gained TGA approval in November 2024 and was listed on Australia's Prosthesis List in March 2025, enabling private funding. EU MDR approval for ReCerf was granted in June 2025, with Saiph knee and Adept hip also progressing toward approval as anticipated.”
- “Subsequent to the year end, the Company received EU MDR regulatory approval for ReCerf. TGA approval for ReCerf was obtained in November 2024, with listing on the Australian Prosthesis List (PLAC) effective March 2025. These approvals enable the planned commercial launch of ReCerf in 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLAPCOTT, David Bruce | Director | 2022-12-19 | Nov 1974 | British |
| MILLET-LOPEZ, Oriol | Director | 2023-12-13 | May 1971 | Spanish |
| PADBURY, Claire | Director | 2025-01-01 | Feb 1965 | English |
| SHAND, Dave Paul | Director | 2011-07-14 | Mar 1965 | British |
| TUKE, Michael Antony | Director | 2010-07-22 | Dec 1947 | British |
| WILSON, Duncan James | Director | 2022-12-19 | May 1969 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SIMMONS, Roger Brian | Secretary | 2011-01-24 | 2021-06-14 |
| MH SECRETARIES LIMITED | Corporate Secretary | 2010-07-22 | 2011-01-24 |
| COCKERAM, James Alexander Neil | Director | 2018-01-01 | 2018-11-30 |
| COLLINS, Simon Nicholas, Dr | Director | 2015-01-01 | 2024-12-31 |
| COOPER, Derek Redvers | Director | 2011-09-01 | 2018-07-18 |
| DAVIES, Bernard | Director | 2011-02-01 | 2021-06-14 |
| FLETCHER, Iain Crawford | Director | 2017-02-01 | 2019-01-25 |
| GYNGELL, Linda Mary | Director | 2011-07-14 | 2015-12-31 |
| LLOYD, Clive Richard | Director | 2011-08-01 | 2021-06-14 |
| SIMMONS, Roger Brian | Director | 2011-02-01 | 2021-06-14 |
| WELCH, Mark Christopher | Director | 2021-06-14 | 2024-09-13 |
| WOODALL, Andrew Stephen | Director | 2011-08-01 | 2024-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Matortho Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-06-14 | Active |
| Mr Michael Antony Tuke | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-22 | Ceased 2021-06-14 |
Filing timeline
Last 20 of 133 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-13 | AA | accounts | Accounts with accounts type group | |
| 2025-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-17 | CH01 | officers | Change person director company with change date | |
| 2025-02-17 | CH01 | officers | Change person director company with change date | |
| 2025-02-17 | CH01 | officers | Change person director company with change date | |
| 2025-02-17 | CH01 | officers | Change person director company with change date | |
| 2025-02-17 | CH01 | officers | Change person director company with change date | |
| 2025-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-29 | AA | accounts | Accounts with accounts type group | |
| 2024-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-20 | AA | accounts | Accounts with accounts type group | |
| 2023-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-22 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.