METLASE LIMITED
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Cash
£0
-100% lowest in 3 filed years
Net assets
-£5m
-31.8% lowest in 3 filed years
Employees
26
-10.3% lowest in 3 filed years
Profit before tax
-£1.6m
+18.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials 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 | £2,182,000 | £1,818,000 | £2,770,000 | +52.4% | |
| Operating profit | -£1,244,000 | -£1,645,000 | -£1,290,000 | +21.6% | |
| Profit before tax | -£1,552,000 | -£2,007,000 | -£1,637,000 | +18.4% | |
| Net profit | -£1,064,000 | -£1,497,000 | -£1,197,000 | +20% | |
| Cash | £51,000 | £52,000 | £0 | -100% | |
| Total assets less current liabilities | -£2,205,000 | -£3,651,000 | -£4,847,000 | -32.8% | |
| Net assets | -£2,265,000 | -£3,762,000 | -£4,959,000 | -31.8% | |
| Equity | -£2,265,000 | — | — | — | |
| Average employees | 29 | 29 | 26 | -10.3% | |
| Wages | £1,420,000 | £1,397,000 | £1,385,000 | -0.9% | |
| 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 | -57.0% | -90.5% | -46.6% | |
| Net margin | -48.8% | -82.3% | -43.2% | |
| Gearing (liabilities / total assets) | 194.7% | 362.3% | 390.5% | |
| Current ratio | 0.48x | 0.27x | 0.26x | |
| Interest cover | -4.04x | -4.54x | -3.72x |
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
- METLASE LIMITED 2015-07-16 → present
- META-LASE LIMITED 2015-06-19 → 2015-07-16
- FERROGAMI LIMITED 2015-03-02 → 2015-06-19
- RAS7677 LIMITED 2015-02-27 → 2015-03-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ballards LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements”
Significant events
- “The Company has given security, by way of fixed and floating charges over certain of the Company's assets, to guarantee bank loans and overdrafts provided to certain fellow subsidiary undertakings. The amount outstanding under such arrangements at 31 December 2025 was £8,493,000 (2024: £2,935,000).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THORNTON, Benjamin Lascelles | Secretary | 2024-03-01 | — | — |
| BURKE, Carol | Director | 2026-03-11 | Jan 1967 | British |
| LEIGH, Darren Peter | Director | 2021-05-07 | Apr 1972 | British |
| MACAULAY, James Edward | Director | 2026-03-11 | Oct 1982 | British |
| WELDON, Christopher James | Director | 2023-06-30 | Feb 1978 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| O'BRIEN, Robert Paul David | Secretary | 2015-06-01 | 2021-07-31 |
| RIMMER, Michael Douglas | Secretary | 2015-02-27 | 2015-06-01 |
| RUSSELL, Tanya | Secretary | 2021-09-06 | 2024-03-01 |
| BURGESS, Stephen Michael | Director | 2015-09-01 | 2020-04-11 |
| BURKE, Carol | Director | 2015-09-01 | 2019-11-15 |
| DAVIS, Andrew Paul | Director | 2015-09-01 | 2019-11-15 |
| DEAKIN, Dave Alastair | Director | 2019-03-29 | 2020-09-24 |
| HARRIS, Paul Julian | Director | 2015-09-01 | 2019-03-29 |
| JACKSON, Richard Ian | Director | 2025-05-30 | 2026-03-11 |
| JOHNSTONE, Thomas George | Director | 2019-11-15 | 2021-05-07 |
| MACAULAY, James Edward | Director | 2023-06-30 | 2025-05-30 |
| MCGORMAN, David Martin, Dr | Director | 2019-11-15 | 2026-03-11 |
| MOURGUE, Anthony John | Director | 2015-02-27 | 2015-09-01 |
| NEILL, John Mitchell | Director | 2015-09-01 | 2024-03-12 |
| NEX, Christopher Paul | Director | 2020-04-11 | 2022-09-29 |
| WHATMOUGH, Damian John | Director | 2021-03-15 | 2022-09-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Unipart Rail Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-09-30 | Active |
| Unipart Group Of Companies Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-09-30 |
| Rolls-Royce Plc | Corporate entity | Significant influence | 2016-04-06 | Ceased 2022-09-29 |
Filing timeline
Last 20 of 83 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-25 | AA | accounts | Accounts with accounts type full | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | AA | accounts | Accounts with accounts type full | |
| 2025-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-06 | CH01 | officers | Change person director company with change date | |
| 2024-07-18 | AA | accounts | Accounts with accounts type full | |
| 2024-03-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-03-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-23 | AA | accounts | Accounts with accounts type full | |
| 2023-05-27 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.