MR SOLUTIONS GROUP LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-06-30
Confirmation statement due
2026-09-16 (in 4mo)
Last made up 2025-09-02
Watchouts
None on the register
Cash
£375K
+36% vs 2023
Net assets
-£652K
-121.8% vs 2023
Employees
56
-5.1% vs 2023
Profit before tax
-£5M
-442% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-06-30
| Metric | Trend | 2023-06-30 | 2024-06-30 |
|---|---|---|---|
| Turnover | £12,562,837 | £7,104,509 | |
| Operating profit | £1,528,400 | -£4,518,327 | |
| Profit before tax | £1,372,148 | -£4,692,994 | |
| Net profit | £1,274,088 | -£3,648,665 | |
| Cash | £275,765 | £374,930 | |
| Total assets less current liabilities | £4,669,855 | £533,310 | |
| Net assets | £2,996,438 | -£652,227 | |
| Equity | £2,996,438 | -£652,227 | |
| Average employees | 59 | 56 | |
| Wages | £3,023,746 | £2,858,759 | |
| Directors' remuneration | £708,700 | £655,950 |
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 2024-06-30 vs 2023-06-30
-
Turnover
-43.4%
£12,562,837 £7,104,509
-
Cash
+36%
£275,765 £374,930
-
Net assets
-121.8%
£2,996,438 -£652,227
-
Employees
-5.1%
59 56
-
Operating profit
-395.6%
£1,528,400 -£4,518,327
-
Profit before tax
-442%
£1,372,148 -£4,692,994
-
Wages
-5.5%
£3,023,746 £2,858,759
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 | 2023-06-30 | 2024-06-30 |
|---|---|---|---|
| Operating margin | 12.2% | -63.6% | |
| Net margin | 10.1% | -51.4% | |
| Return on capital employed | 32.7% | -847.2% | |
| Current ratio | 0.76x | 0.36x | |
| Interest cover | 20.61x | -48.82x |
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
- Consolidated group
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the position of the group in the light of its recent trading and future prospects. The directors have taken into account the group's financial performance since the reporting date, including unaudited profits of £1.3m for the period to October 2025 on revenue in excess of £12.5m and an order book with signed orders giving a forecast revenue in excess of £17m over the next 12 months. On this basis, the directors consider it appropriate to prepare the financial statements using the going concern basis of accounting.”
Group structure
- MR SOLUTIONS GROUP LIMITED · parent
- MR Solutions Limited 100%
- MRR Systems Limited 100%
- MRS Magnetics Limited 100%
- MR Solutions Americas LLC 100%
- MR Solutions Inc 99%
- MR Solutions Asia Pacific Pty Ltd 100%
- Resolution MR Ltd 100%
Significant events
- “Supply chain issues delayed order completion leading to a significant drop in income and overall loss for the year ended 30 June 2024. The group has since returned to profitability in financial year 24/25, with growing order book and accelerating deliveries.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOUGHTY, Nicola Jane | Director | 2014-12-01 | Jun 1968 | British |
| TAYLOR, David Graham, Dr | Director | 2014-12-01 | May 1950 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WITHINSHAW, Benjamin Michael | Director | 2015-09-01 | 2017-01-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dr David Graham Taylor | Individual | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 35 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-12-19 | AA | accounts | Accounts with accounts type group | |
| 2025-09-03 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-09-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-02 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-08 | AA | accounts | Accounts with accounts type group | |
| 2023-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-17 | AA | accounts | Accounts with accounts type group | |
| 2022-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-16 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-10-01 | AA | accounts | Accounts with accounts type group | |
| 2022-04-29 | AA | accounts | Accounts with accounts type group | |
| 2022-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-05 | AA | accounts | Accounts with accounts type group | |
| 2019-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-08-28 | AA01 | accounts | Change account reference date company current extended | |
| 2019-05-29 | AA | accounts | Accounts with accounts type group | |
| 2018-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.