MITEK INDUSTRIES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-21 (in 6mo)
Last made up 2025-11-07
Watchouts
None on the register
Cash
£10M
-19.1% vs 2023
Net assets
£29M
+27% vs 2023
Employees
228
+3.2% vs 2023
Profit before tax
£10M
-7.9% vs 2023
Name history
Renamed 1 time since incorporation
- MITEK INDUSTRIES LIMITED 1990-12-12 → present
- HYDRO-AIR INTERNATIONAL (U.K.) LIMITED 1968-12-17 → 1990-12-12
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 | £78,873,000 | £70,205,000 | |
| Operating profit | £10,187,000 | £9,160,000 | |
| Profit before tax | £10,327,000 | £9,513,000 | |
| Net profit | £7,859,000 | £7,309,000 | |
| Cash | £12,480,000 | £10,099,000 | |
| Total assets less current liabilities | £22,943,000 | £30,041,000 | |
| Net assets | £22,706,000 | £28,846,000 | |
| Equity | £22,706,000 | £28,846,000 | |
| Average employees | 221 | 228 | |
| Wages | £13,588,000 | £14,149,000 |
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 | 12.9% | 13.0% | |
| Net margin | 10.0% | 10.4% | |
| Return on capital employed | 44.4% | 30.5% | |
| Current ratio | 1.75x | 1.26x | |
| Interest cover | — | 71.01x |
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
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the group's resources and the outlook for the next 12 months, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing its consolidated financial statements.”
Group structure
- MITEK INDUSTRIES LIMITED · parent
- Mitek Industries Polska Sp. z.o.o. 100%
Significant events
- “Total turnover decreased by 11% during the period to £70.2m in 2024 from £78.9m in 2023. The gross margin in 2024 rose to 37.5% from 33.4% in 2023. Total gross profit remained level at £26.3m whilst operating profit reduced to £9.2m, a reduction of 10% on 2023.”
- “The company and group did not pay a dividend during the year (2023: £1,333k dividend paid).”
- “The price of steel was hedged in 2024. This is consistent with prior years and enables the directors to keep prices fixed for the first half of the following year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ECCLES, Peter John | Secretary | 2024-10-22 | — | — |
| HACKETT, Mark | Director | 2020-03-11 | Sep 1972 | English |
| MORGAN, James Owen | Director | 2017-01-01 | Oct 1973 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARKER, Geoffrey Roy | Secretary | — | 1994-03-04 |
| BARKER, Wayne George | Secretary | 2015-03-31 | 2019-03-18 |
| BROADBENT, Matthew Quintin | Secretary | 1995-10-09 | 1996-01-31 |
| COOK, Andrew John | Secretary | 1996-05-31 | 2005-10-31 |
| EMERY, Philip John | Secretary | 1996-01-31 | 1996-05-31 |
| ETHERINGTON, Damien Mark | Secretary | 2006-12-07 | 2007-05-03 |
| MCGAIN-HARDING, Daniel | Secretary | 2019-03-18 | 2024-10-22 |
| ROLFE, Christopher Stuart | Secretary | 2005-11-01 | 2006-04-13 |
| SMITH, David Leslie | Secretary | 2007-06-01 | 2007-11-19 |
| TUDOR, John Graham | Secretary | 2007-11-19 | 2015-03-31 |
| WALDEN, Caroll Ann | Secretary | 1994-03-04 | 1995-10-09 |
| BARKER, Geoffrey Roy | Director | — | 1994-03-04 |
| CORNELSEN, Paul Frederick | Director | — | 1993-01-04 |
| COULSON, Kenneth Walton | Director | 1993-04-15 | 1995-03-01 |
| COUZENS, Benjamin Christopher | Director | — | 1992-07-31 |
| DU PREEZ, Hugo Dale | Director | 1996-07-01 | 2007-06-30 |
| EMERY, Philip John | Director | 1994-03-14 | 1997-04-30 |
| FERGUSON, Robert Wilson | Director | — | 1994-09-01 |
| FILLINGHAM, Anthony John | Director | — | 2017-07-24 |
| FRASER, David Bain | Director | 2003-01-05 | 2016-12-31 |
| GRIFFIN, Barry Joseph | Director | 1992-01-02 | 1992-12-31 |
| GRIFFITHS, Sydney James | Director | 1993-04-15 | 2020-03-11 |
| JENKINS, Trefor | Director | 1996-01-31 | 1998-02-06 |
| MANENTI, Thomas Joseph | Director | 2011-05-18 | 2017-12-31 |
| MARSH, Peter Joseph Albert | Director | 1992-01-06 | 1996-01-31 |
| SPURGEON, Brian Anthony | Director | — | 1992-01-02 |
| TOOMBS, Eugene Martin | Director | 1993-01-04 | 2011-05-18 |
| WASSERSTEIN, Lewis | Director | 1993-04-15 | 2010-11-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mitek Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-13 | Active |
| Mitek Holdings Inc | Corporate entity | Shares 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-02-13 |
Filing timeline
Last 20 of 181 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-04-21 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2024-11-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-10-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-04 | AA | accounts | Accounts with accounts type group | |
| 2023-11-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-03-17 | AA | accounts | Accounts with accounts type group | |
| 2022-11-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-07 | AA | accounts | Accounts with accounts type group | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-02 | AA | accounts | Accounts with accounts type group | |
| 2021-04-21 | RESOLUTIONS | resolution | Resolution | |
| 2021-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-07 | AA | accounts | Accounts with accounts type group | |
| 2020-03-11 | AP01 | officers | Appoint person director company with name date |
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-11%
£78,873,000 £70,205,000
-
Cash
-19.1%
£12,480,000 £10,099,000
-
Net assets
+27%
£22,706,000 £28,846,000
-
Employees
+3.2%
221 228
-
Operating profit
-10.1%
£10,187,000 £9,160,000
-
Profit before tax
-7.9%
£10,327,000 £9,513,000
-
Wages
+4.1%
£13,588,000 £14,149,000
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