MTL ADVANCED LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-02 (in 3mo)
Last made up 2025-07-19
Watchouts
None on the register
Cash
£732K
-63.9% lowest in 5 filed years
Net assets
£12M
+5.2% highest in 5 filed years
Employees
305
+3.4% highest in 5 filed years
Profit before tax
£6M
+19.7% highest in 5 filed years
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £28,523,652 | £34,862,452 | £46,031,672 | £48,127,064 | £50,834,004 | |
| Operating profit | — | — | £2,242,016 | £2,981,452 | £4,660,108 | £4,671,149 | £5,642,560 | |
| Profit before tax | — | — | £2,136,096 | £2,963,579 | £4,610,852 | £4,609,723 | £5,517,512 | |
| Net profit | — | — | £1,740,104 | £2,473,520 | £3,757,887 | £3,516,949 | £4,113,445 | |
| Cash | — | — | £3,662,644 | £5,059,487 | £4,574,069 | £2,025,684 | £731,796 | |
| Total assets less current liabilities | — | — | £9,084,588 | £11,420,484 | £12,368,584 | £13,772,687 | £17,315,228 | |
| Net assets | — | — | £8,627,331 | £10,100,851 | £11,358,738 | £11,875,687 | £12,489,132 | |
| Equity | £5,698,153 | £6,887,227 | £8,627,331 | £10,100,851 | £11,358,738 | £11,875,687 | £12,489,132 | |
| Average employees | — | — | 249 | 266 | 280 | 295 | 305 | |
| Wages | — | — | £7,670,345 | £8,745,389 | £9,860,429 | £11,195,498 | £12,194,762 | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+5.6%
£48,127,064 £50,834,004
highest in 5 filed years
-
Cash
-63.9%
£2,025,684 £731,796
lowest in 5 filed years
-
Net assets
+5.2%
£11,875,687 £12,489,132
highest in 5 filed years
-
Employees
+3.4%
295 305
highest in 5 filed years
-
Operating profit
+20.8%
£4,671,149 £5,642,560
highest in 5 filed years
-
Profit before tax
+19.7%
£4,609,723 £5,517,512
highest in 5 filed years
-
Wages
+8.9%
£11,195,498 £12,194,762
highest in 5 filed years
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 7.9% | 8.6% | 10.1% | 9.7% | 11.1% | |
| Net margin | — | — | 6.1% | 7.1% | 8.2% | 7.3% | 8.1% | |
| Return on capital employed | — | — | 24.7% | 26.1% | 37.7% | 33.9% | 32.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 58.1% | 65.3% | |
| Current ratio | — | — | — | — | — | 1.65x | 1.40x | |
| Interest cover | — | — | 21.17x | 166.81x | 94.61x | 76.05x | 42.21x |
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
- MTL ADVANCED LTD 2015-02-23 → present
- WEC COOLING LIMITED 2011-07-20 → 2015-02-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PM+M Solutions for Business LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARTLEY, James Stephen | Director | 2011-07-20 | Oct 1955 | British |
| TIERNEY, Wayne | Director | 2018-05-23 | Sep 1962 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SEDGLEY, Andrew Barrington | Secretary | 2018-06-04 | 2025-09-30 |
| BRADLEY, Darren Craig | Director | 2015-02-23 | 2015-04-30 |
| KELLETT, Howard Lyndon | Director | 2015-02-23 | 2018-05-01 |
| MEREDITH, Christopher | Director | 2018-05-01 | 2018-05-23 |
| ROBERTS, Andrew | Director | 2018-05-01 | 2018-05-23 |
| SHARP, Jamie John | Director | 2016-11-23 | 2018-05-01 |
| SPICER, Brian Philip | Director | 2011-07-20 | 2015-01-30 |
| STEWART, Karl Hepworth | Director | 2015-02-23 | 2018-05-01 |
| WILD, Wayne Anthony | Director | 2015-02-23 | 2020-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wec Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-01 | Active |
| Burnhart Holdings Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-03-28 |
| Mr James Stephen Hartley | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-05-01 |
| Mr Wayne Anthony Wild | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-05-01 |
Filing timeline
Last 20 of 87 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-09-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2024-10-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-12 | AA | accounts | Accounts with accounts type full | |
| 2024-08-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-10 | AA | accounts | Accounts with accounts type full | |
| 2023-06-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-08-09 | AA | accounts | Accounts with accounts type full | |
| 2022-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-06 | AA | accounts | Accounts with accounts type full | |
| 2021-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- 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.