MTI TECHNOLOGY LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-11-28 (in 6mo)
Last made up 2025-11-14
Watchouts
None on the register
Cash
£12M
+88.5% vs 2024
Net assets
£7M
+14.8% vs 2024
Employees
108
-0.9% vs 2024
Profit before tax
£1M
-13.8% vs 2024
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £31,902,488 | £24,145,071 | |
| Operating profit | £1,271,405 | £847,634 | |
| Profit before tax | £1,471,509 | £1,268,248 | |
| Net profit | £1,110,954 | £942,945 | |
| Cash | £6,268,017 | £11,816,304 | |
| Total assets less current liabilities | £8,294,958 | £9,071,248 | |
| Net assets | £6,386,878 | £7,329,823 | |
| Equity | £6,386,878 | £7,329,823 | |
| Average employees | 109 | 108 | |
| Wages | £8,472,451 | £8,475,909 | |
| Directors' remuneration | £505,697 | £411,290 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-24.3%
£31,902,488 £24,145,071
-
Cash
+88.5%
£6,268,017 £11,816,304
-
Net assets
+14.8%
£6,386,878 £7,329,823
-
Employees
-0.9%
109 108
-
Operating profit
-33.3%
£1,271,405 £847,634
-
Profit before tax
-13.8%
£1,471,509 £1,268,248
-
Wages
0%
£8,472,451 £8,475,909
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 4.0% | 3.5% | |
| Net margin | 3.5% | 3.9% | |
| Return on capital employed | 15.3% | 9.3% | |
| Current ratio | 1.42x | 1.40x | |
| Interest cover | 309.65x | 120.78x |
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 2 times since incorporation
- MTI TECHNOLOGY LIMITED 1993-04-01 → present
- MICRO TECHNOLOGY UK LIMITED 1988-09-30 → 1993-04-01
- PACIFIC SHELF 201 LIMITED 1988-06-29 → 1988-09-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that preparing the financial statements on the going concern basis is appropriate. The directors believe the forecast levels of profitability and the related projected cash flows of the Company, which is now part of the Ricoh Europe Holdings PLC cash pooling facility, indicate that it will be able to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements.”
Group structure
- MTI TECHNOLOGY LIMITED · parent
- MTI Technology Holdings GmbH 100%
- MTI Technology GmbH 100%
- MTI France SAS 100%
Significant events
- “MTI have recently been upgraded to a Dell Titanium Black Partner status. MTI won the Cyber Security Customer Service of the Year award at the 2024 Computing Security awards.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARIANI, Alberto | Director | 2020-10-05 | Oct 1980 | Italian |
| RANDLES, Thomas | Director | 2026-01-27 | Dec 1978 | Irish |
| STUART, Timothy Ian | Director | 2025-03-24 | Feb 1975 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLARK, Keith | Secretary | 2001-01-31 | 2008-02-06 |
| GOODWIN, Simon | Secretary | 2018-01-31 | 2023-07-07 |
| HELD, Rainer | Secretary | 2008-02-07 | 2018-01-31 |
| SCOTT, Gary | Secretary | — | 2001-01-31 |
| MD SECRETARIES LIMITED | Corporate Nominee Secretary | 1988-06-29 | 1989-12-31 |
| BOLAND, Nicholas | Director | 1997-09-01 | 2006-01-05 |
| CLARK, Keith | Director | 2001-01-31 | 2017-06-30 |
| CODY, Michael | Director | 2008-02-07 | 2016-12-23 |
| CRANHAM, Ben | Director | 2017-11-28 | 2022-09-08 |
| DI VENTURA, Angelo Gioacchino | Director | 2017-11-28 | 2025-12-10 |
| DOWNING, Nicola | Director | 2023-10-02 | 2025-03-19 |
| GARNETT, Terence John | Director | 2008-02-07 | 2016-12-23 |
| GOODWIN, Simon Michael | Director | 2018-01-31 | 2023-07-07 |
| HADDOW, Scott William | Director | 2017-02-27 | 2022-11-08 |
| HAMMERSLAG, Stephen | Director | — | 1996-12-31 |
| HELD, Rainer | Director | 2005-08-27 | 2008-02-07 |
| HELFRICH, David | Director | 2008-04-14 | 2016-12-23 |
| KOO, Grace | Director | 2008-02-07 | 2009-05-06 |
| MCLEAN, William Douglas | Director | — | 1999-11-30 |
| MILLS, David | Director | 2020-10-05 | 2023-10-01 |
| PEARLMAN, Earl | Director | 1997-09-01 | 1999-12-09 |
| ROBINSON, Craig Ian | Director | 1994-11-17 | 1996-05-31 |
| SCOTT, Gary | Director | — | 2001-01-31 |
| MD SECRETARIES LIMITED | Corporate Nominee Director | 1988-06-29 | 1989-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mti Technology Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, significant-influence-or-control-as-firm | 2017-07-24 | Active |
| Mti Europe B.V. | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-12-23 | Ceased 2017-03-31 |
Filing timeline
Last 20 of 178 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-30 | AA | accounts | Accounts with accounts type full | |
| 2025-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-17 | CH01 | officers | Change person director company with change date | |
| 2025-04-01 | AA | accounts | Accounts with accounts type full | |
| 2025-03-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-04 | CH01 | officers | Change person director company with change date | |
| 2024-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-03 | CH01 | officers | Change person director company with change date | |
| 2024-01-03 | CH01 | officers | Change person director company with change date | |
| 2024-01-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-12-12 | AA | accounts | Accounts with accounts type full | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-07 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-07-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-11 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.