MARTRUST CORPORATION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-16 (in 1mo)
Last made up 2025-06-02
Watchouts
None on the register
Cash
£15M
+103.6% vs 2023
Net assets
£18M
+71.4% vs 2023
Employees
48
-2% vs 2023
Profit before tax
£9M
+87.1% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £28,537,650 | £36,679,523 | |
| Operating profit | £4,839,777 | £9,010,862 | |
| Profit before tax | £5,064,634 | £9,477,040 | |
| Net profit | £6,883,480 | £7,169,812 | |
| Cash | £7,251,995 | £14,764,923 | |
| Total assets less current liabilities | £10,501,313 | £17,701,181 | |
| Net assets | £10,324,730 | £17,701,181 | |
| Equity | £10,324,730 | £17,701,181 | |
| Average employees | 49 | 48 | |
| Wages | £4,270,935 | £6,114,650 | |
| Directors' remuneration | £1,017,259 | £1,457,184 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+28.5%
£28,537,650 £36,679,523
-
Cash
+103.6%
£7,251,995 £14,764,923
-
Net assets
+71.4%
£10,324,730 £17,701,181
-
Employees
-2%
49 48
-
Operating profit
+86.2%
£4,839,777 £9,010,862
-
Profit before tax
+87.1%
£5,064,634 £9,477,040
-
Wages
+43.2%
£4,270,935 £6,114,650
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 17.0% | 24.6% | |
| Net margin | 24.1% | 19.5% | |
| Return on capital employed | 46.1% | 50.9% | |
| Gearing (liabilities / total assets) | 95.8% | 92.8% | |
| Current ratio | 1.03x | 1.06x | |
| Interest cover | 741.27x | 524.62x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the financial position and future prospects of the Group and the Company and are satisfied that it remains a going concern. The Group reported a profit after tax of £7.2 million and maintained a strong cash position of £14.8 million as at 31 December 2024. ... The Directors have therefore determined that the going concern basis is appropriate for the preparation of the financial statements.”
Group structure
- MARTRUST CORPORATION LIMITED · parent
- MarTrust Europe SA 100%
- MarTrust FZE 100%
Significant events
- “On 17 February 2025 and 26 June 2025, the Company injected additional capital of £125,686 and £337,701 respectively, into its subsidiary, MarTrust Europe SA.”
- “On 4 April 2025 and 29 July 2025, the Company disbursed additional intercompany loans of £2,716,700 and £1,476,020 respectively, to its parent Company, Marcura Equities FZE.”
- “On 27 August 2025, the Company was authorised by the UK Financial Conduct Authority (FCA) to operate as an Authorised Electronic Money Institution (EMI). This authorisation is expected to unlock new opportunities for innovation, growth, and customer impact worldwide.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHANDARANA, Kishan Niranjan, Mr. | Director | 2025-09-02 | Oct 1982 | British |
| GREGORY, Stuart David | Director | 2023-09-01 | May 1983 | British |
| MALUK, Milan | Director | 2022-02-09 | Jun 1981 | British |
| TANDON, Rajat | Director | 2025-09-02 | Oct 1964 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUGGAL, Manu | Secretary | 2011-02-16 | 2013-03-18 |
| DAVID VENUS & COMPANY LLP | Corporate Secretary | 2014-05-05 | 2018-01-31 |
| ANDREAKOS, Errikos | Director | 2018-04-09 | 2025-02-28 |
| ANTERO, Felix Jonathan Etis | Director | 2014-05-05 | 2024-06-26 |
| CARLUCCI, Domenico Maria | Director | 2014-05-05 | 2025-02-28 |
| DUGGAL, Manu | Director | 2011-01-19 | 2013-03-18 |
| GREENSMITH, Paul John | Director | 2025-02-28 | 2025-03-13 |
| GREGORY, Karsten Nelboe | Director | 2014-05-05 | 2024-06-07 |
| HAUNSO, Christian Siemers | Director | 2011-01-19 | 2024-02-12 |
| HYLDAHN, Henrik | Director | 2025-02-28 | 2025-09-02 |
| MORDHORST, Hans-Christian | Director | 2021-07-01 | 2024-06-07 |
| POULSEN, Jens Lorens | Director | 2011-01-19 | 2024-06-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Christian Siemers Haunso | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 139 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-08 | AA | accounts | Accounts with accounts type group | |
| 2025-09-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-07 | CH01 | officers | Change person director company with change date | |
| 2025-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-07 | AA | accounts | Accounts with accounts type group | |
| 2024-07-16 | CH01 | officers | Change person director company with change date | |
| 2024-06-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-03 | SH01 | capital | Capital allotment shares | |
| 2024-02-16 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.