MML MARINE LIMITED
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Cash
£103k
+246.4% highest in 3 filed years
Net assets
-£4.3m
-44.5% lowest in 3 filed years
Employees
78
+13% highest in 3 filed years
Profit before tax
-£1.7m
-38% lowest in 3 filed years
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 2025-11-30
| Metric | Trend | 2023-11-30 | 2024-11-30 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £3,024,574 | £4,398,276 | £3,812,969 | -13.3% | |
| Operating profit | — | -£1,266,419 | -£1,747,980 | -38% | |
| Profit before tax | -£1,571,847 | -£1,266,419 | -£1,747,980 | -38% | |
| Net profit | -£1,193,706 | -£940,890 | -£1,310,880 | -39.3% | |
| Cash | £50,068 | £29,867 | £103,457 | +246.4% | |
| Total assets less current liabilities | £2,513,046 | £4,299,302 | £1,037,445 | -75.9% | |
| Net assets | -£2,005,785 | -£2,946,675 | -£4,257,555 | -44.5% | |
| Equity | -£2,005,785 | -£2,946,675 | -£4,257,555 | -44.5% | |
| Average employees | 63 | 69 | 78 | +13% | |
| Wages | £1,603,314 | £2,091,493 | £2,374,236 | +13.5% | |
| Directors' remuneration | £123,788 | £126,666 | £70,071 | -44.7% | |
| Directors' pension contributions | £4,193 | £4,287 | £3,326 | -22.4% |
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 | 2023-11-30 | 2024-11-30 | 2025-11-30 |
|---|---|---|---|---|
| Operating margin | — | -28.8% | -45.8% | |
| Net margin | -39.5% | -21.4% | -34.4% | |
| Return on capital employed | — | -29.5% | -168.5% | |
| Gearing (liabilities / total assets) | 147.1% | 146.9% | 169.4% | |
| Current ratio | 2.14x | 2.86x | 1.07x |
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
- MML MARINE LIMITED 2015-03-12 → present
- DALGLEN (NO. 1805) LIMITED 2015-02-20 → 2015-03-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Notwithstanding net liabilities of £4,257,555 at 30 November 2025, the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The directors have prepared group cash flow forecasts for a period of 12 months from the date of approval of these financial statements. These forecasts indicate that the company will have sufficient funds through a combination of cash balances and committed intergroup borrowing facilities from its parent company to meet its liabilities as they fall due for that period. Consequently the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STICKLER, James Andrew | Secretary | 2015-03-25 | — | — |
| GRAY, Susan Elizabeth | Director | 2015-02-20 | Apr 1977 | British |
| PATERSON, Tom Main | Director | 2015-03-25 | Dec 1972 | British |
| STICKLER, James Andrew | Director | 2015-03-25 | Dec 1972 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAY, Stuart George | Director | 2015-02-20 | 2025-02-28 |
| PATERSON, William | Director | 2015-03-25 | 2022-09-07 |
| SPENCE, Colin | Director | 2015-03-25 | 2024-02-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Patersons Quarries Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 42 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | AA | accounts | Accounts with accounts type full | |
| 2026-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-24 | CH01 | officers | Change person director company with change date | |
| 2025-07-28 | AA | accounts | Accounts with accounts type full | |
| 2025-03-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-17 | AA | accounts | Accounts with accounts type full | |
| 2024-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-21 | AA | accounts | Accounts with accounts type small | |
| 2023-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-05 | AA | accounts | Accounts with accounts type small | |
| 2022-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-23 | AA | accounts | Accounts with accounts type full | |
| 2021-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-08 | AA | accounts | Accounts with accounts type full | |
| 2020-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-07-03 | AA | accounts | Accounts with accounts type full | |
| 2019-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.