MUTUAL CLOTHING & SUPPLY COMPANY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-13 (in 1mo)
Last made up 2025-05-30
Watchouts
Cash
£9M
+4.2% vs 2023
Net assets
£39M
+3.1% vs 2023
Employees
338
+0.6% vs 2023
Profit before tax
£2M
+83% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £15,692,000 | £17,184,000 | |
| Operating profit | £997,000 | £1,825,000 | |
| Profit before tax | £997,000 | £1,825,000 | |
| Net profit | £962,000 | £1,377,000 | |
| Cash | £8,364,000 | £8,717,000 | |
| Total assets less current liabilities | £40,095,000 | £41,150,000 | |
| Net assets | £38,286,000 | £39,471,000 | |
| Equity | £38,286,000 | £39,471,000 | |
| Average employees | 336 | 338 | |
| Wages | £7,820,000 | £8,298,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 6.4% | 10.6% | |
| Net margin | 6.1% | 8.0% | |
| Return on capital employed | 2.5% | 4.4% | |
| Current ratio | 31.02x | 26.83x |
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
- Duncan & Toplis Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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
- MUTUAL CLOTHING & SUPPLY COMPANY LIMITED · parent
- Roy Ling Limited 100%
- Kingstone Limited 100%
- Keenes Insurances Limited 100%
- Greens of Leicester Limited 100%
- Automobile Electrics Limited 100%
- Mutual Garage Services Limited 100%
- Mutual Insurance Services Limited 100%
- Mutual Retail Services Limited 100%
Significant events
- “During the year the company completed a voluntary redress program concerning affordability assessments between 1st April 2014 and 1st March 2020. The costs have been offset against the provision set up in previous years. Due to uncertainty concerning further claims that may be received regarding affordability or other alleged compliance failures in future periods the balance of this provision has been carried forward (note 15).”
- “The company settled all of the historic affordability complaints that had been referred to the Financial Ombudsman Service. The number of complaints continues to decline.”
- “The FCA introduced the Customer Duty at the end of July 2023 with the 1st annual Consumer Duty board report produced in July 2024. The group considers that it has complied with all aspects of these regulations. The expectations of the FCA under this duty continue to evolve.”
- “The FCA has enacted a requirement for further and enhanced product data reporting from the autumn of 2025 onwards. The company is making good progress towards amending its systems to meet these requirements.”
- “New more energy efficient air conditioning units have been installed in a number of premises. We continue the move to electric or plug in hybrid vehicles with nine more such vehicles purchased in 2024. We have also fitted more EV charging points for these vehicles to use.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KEENE, Adrian Charles | Secretary | — | — | British |
| KEENE, Adrian Charles | Director | — | Apr 1952 | British |
| KEENE, Duncan Paul | Director | 2006-05-05 | Mar 1982 | British |
| KEENE, Stuart Peter | Director | 2017-10-05 | Aug 1988 | British |
| KEENE, Victor Walter | Director | — | Jul 1935 | British |
| SCHWARZ, Geoffrey Charles | Director | 2006-05-05 | Oct 1978 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KEENE, Walter James | Director | — | 1998-07-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Adrian Charles Keene | Individual | Shares 25–50%, Voting 50–75% | 2016-04-06 | Ceased 2024-07-22 |
Filing timeline
Last 20 of 105 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-28 | AA | accounts | Accounts with accounts type group | |
| 2025-06-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-13 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-11-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-31 | AA | accounts | Accounts with accounts type group | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-27 | AA | accounts | Accounts with accounts type group | |
| 2023-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-01 | AA | accounts | Accounts with accounts type group | |
| 2022-06-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-13 | AA | accounts | Accounts with accounts type group | |
| 2021-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-22 | AA | accounts | Accounts with accounts type group | |
| 2020-06-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-08-15 | AA | accounts | Accounts with accounts type group | |
| 2019-06-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2018-08-14 | AA | accounts | Accounts with accounts type group | |
| 2018-06-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2017-10-12 | AP01 | officers | Appoint person director company with name date | |
| 2017-08-03 | AA | accounts | Accounts with accounts type group |
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+9.5%
£15,692,000 £17,184,000
-
Cash
+4.2%
£8,364,000 £8,717,000
-
Net assets
+3.1%
£38,286,000 £39,471,000
-
Employees
+0.6%
336 338
-
Operating profit
+83%
£997,000 £1,825,000
-
Profit before tax
+83%
£997,000 £1,825,000
-
Wages
+6.1%
£7,820,000 £8,298,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers