MRDE LIMITED
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Cash
£13m
-29.8% lowest in 3 filed years
Net assets
£23m
-19.5% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
£3.3m
+14.3% highest in 3 filed years
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £5,665,800 | £5,681,198 | £5,869,107 | +3.3% | |
| Operating profit | £3,339,176 | £3,365,783 | £3,388,752 | +0.7% | |
| Profit before tax | £2,740,427 | £2,853,025 | £3,262,092 | +14.3% | |
| Net profit | £1,914,794 | £2,750,317 | £2,326,688 | -15.4% | |
| Cash | £17,282,071 | £18,647,449 | £13,095,615 | -29.8% | |
| Total assets less current liabilities | £42,530,313 | £44,721,866 | £37,904,123 | -15.2% | |
| Net assets | £25,484,424 | £28,707,201 | £23,113,407 | -19.5% | |
| Equity | £25,484,424 | £28,707,201 | £23,113,407 | -19.5% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £0 | £0 | — |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 58.9% | 59.2% | 57.7% | |
| Net margin | 33.8% | 48.4% | 39.6% | |
| Return on capital employed | 7.9% | 7.5% | 8.9% | |
| Gearing (liabilities / total assets) | 41.7% | 37.1% | 41.5% | |
| Current ratio | 14.74x | 20.55x | 8.12x | |
| Interest cover | 3.05x | 3.17x | 3.39x |
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
- MRDE LIMITED 2004-09-27 → present
- MGD (9) LIMITED 2004-06-24 → 2004-09-27
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Sumer Auditco NI Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- MRDE LIMITED · parent
- Bedford Street Developments Limited
- Bedford Street Management Company Limited
- MRDE FM Limited
Significant events
- “Due to a power outage the Group Business Continuity Plan was initiated, MRDE operations were not materially affected.”
- “During the year there were no breaches involving MRDE that were deemed necessary to report to the ICO as no significant risk was posed to individuals.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUTCHINSON, Mark | Secretary | 2024-04-12 | — | — |
| LOGUE, Paula Mary | Director | 2023-09-19 | Sep 1969 | Northern Irish |
| MAXWELL, Ian | Director | 2025-03-03 | Jun 1971 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARROLL, Liam | Secretary | 2004-12-23 | 2009-10-08 |
| GILMORE, Catherine Ann | Secretary | 2004-06-24 | 2004-11-15 |
| HIGGINS, James | Secretary | 2009-10-08 | 2013-07-09 |
| KENNY, Timothy | Secretary | 2004-11-15 | 2004-12-23 |
| SMYTH, Daniel Martin | Secretary | 2013-07-09 | 2024-04-12 |
| BLACK, Denise Patricia | Director | 2020-05-01 | 2022-12-01 |
| BRADEN, Amanda | Director | 2013-07-09 | 2020-05-01 |
| CARROLL, Liam | Director | 2004-11-15 | 2012-10-11 |
| CHITTOCK, Mel | Director | 2013-07-09 | 2022-03-25 |
| DOLAGHAN, Brian Patrick | Director | 2022-03-25 | 2025-02-28 |
| GILMOUR, Catherine Ann | Director | 2004-06-24 | 2004-11-15 |
| KENNY, Timothy | Director | 2004-11-15 | 2004-12-23 |
| LAVERTY, Eamonn Francis | Director | 2004-11-15 | 2013-07-09 |
| MCALEER, Seamus (James) | Director | 2004-11-15 | 2013-07-09 |
| MCKENNA, Carolyn Bridget | Director | 2022-12-01 | 2023-09-19 |
| MCKEOWN, Leanne Mary | Director | 2004-06-24 | 2004-11-15 |
| POPE, John | Director | 2004-12-23 | 2013-07-09 |
| TORPEY, David | Director | 2012-10-11 | 2013-07-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Invest Northern Ireland | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 100 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-27 | AA | accounts | Accounts with accounts type full | |
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-02 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-20 | AA | accounts | Accounts with accounts type full | |
| 2024-04-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-04-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-07 | AA | accounts | Accounts with accounts type full | |
| 2023-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-22 | AA | accounts | Accounts with accounts type full | |
| 2022-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-07 | AP01 | officers | Appoint person director company with name date |
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.