MIDLAND PRECISION EQUIPMENT CO. LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-20 (in 10mo)
Last made up 2026-03-06
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£12M
+2.3% vs 2023
Employees
46
-11.5% vs 2023
Profit before tax
-£512K
-122.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £9,187,664 | £7,071,081 | |
| Operating profit | £2,196,023 | -£16,724 | |
| Profit before tax | £2,239,822 | -£512,063 | |
| Net profit | £1,692,344 | £253,608 | |
| Cash | — | — | |
| Total assets less current liabilities | £12,530,880 | £14,564,494 | |
| Net assets | £11,773,313 | £12,040,894 | |
| Equity | £11,773,313 | £12,040,894 | |
| Average employees | 52 | 46 | |
| Wages | £2,392,832 | £2,131,818 |
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 | 23.9% | -0.2% | |
| Net margin | 18.4% | 3.6% | |
| Return on capital employed | 17.5% | -0.1% | |
| Current ratio | 0.30x | 0.26x | |
| Interest cover | 343.67x | -0.03x |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has received a letter of support from the ultimate parent company, Waters Corporation, confirming that the parent will provide financial support to the company such that the company is able to operate as a going concern and to settle its liabilities as they fall due. In consideration of the above, these scenarios imply sufficient access to liquidity during the 12-month period under assessment therefore the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “The 23.0% decrease in turnover resulted from the relocation downtime in the first half of 2024 along with a reduced build plan across the Waters group. The fit out of the new premises in Longbridge was completed during the second quarter of 2024 and operations transferred to the new site by the end of July 2024. The sale of the old site in Solihull was completed at the end of November 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CONNOR, Stephen | Director | 2024-10-29 | Sep 1971 | British |
| LARDNER, Kevin | Director | 2023-06-27 | Jun 1969 | Irish |
| WALSH, Lawrence | Director | 2020-02-14 | Oct 1969 | Irish |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEAUDOUIN, Mark T | Secretary | 2015-11-12 | 2019-12-13 |
| BURGESS, Margaret Joan | Secretary | — | 1994-10-05 |
| ORMANDY, Elizabeth Jayne | Secretary | 1994-10-05 | 2015-11-12 |
| BEAUDOUIN, Mark T | Director | 2015-11-12 | 2019-12-13 |
| BURGESS, Margaret Joan | Director | — | 2015-11-12 |
| BURGESS, Trevor Herbert | Director | — | 2015-11-12 |
| COAKLEY, Paul | Director | 2011-04-04 | 2015-11-12 |
| CURBISHLEY, Stephen Gary | Director | 2015-11-12 | 2023-06-09 |
| JOHNSON, Clifford | Director | 2011-04-04 | 2015-11-12 |
| LIDSEY, David George | Director | — | 2004-02-28 |
| O'SHEA, Terry | Director | 2020-02-14 | 2022-03-31 |
| ORMANDY, Adam Kenneth | Director | 1998-01-29 | 2015-11-12 |
| SCHOON, Andrew Aitchison | Director | 2015-11-12 | 2020-02-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mpe Orbur Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 126 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-13 MA Memorandum articles
- 2024-06-07 RESOLUTIONS Resolution
- 2024-06-05 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-06-13 | MA | incorporation | Memorandum articles | |
| 2024-06-07 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-05 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-07-21 | AA | accounts | Accounts with accounts type full | |
| 2023-07-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-26 | AA | accounts | Accounts with accounts type full | |
| 2022-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-08 | AA | accounts | Accounts with accounts type full | |
| 2021-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates |
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
-23%
£9,187,664 £7,071,081
-
Cash
—
Not reported
-
Net assets
+2.3%
£11,773,313 £12,040,894
-
Employees
-11.5%
52 46
-
Operating profit
-100.8%
£2,196,023 -£16,724
-
Profit before tax
-122.9%
£2,239,822 -£512,063
-
Wages
-10.9%
£2,392,832 £2,131,818
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