MARINA DEVELOPMENTS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. MARINA DEVELOPMENTS LIMITED 1992-07-15 → present
2. MDL LEISURE LIMITED 1989-06-06 → 1992-07-15
3. MID WEST INVESTMENTS LIMITED 1972-06-02 → 1989-06-06

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

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

1. MARINA DEVELOPMENTS LIMITED · parent
   1. Dean & Dyball (Plymouth) Limited 100% · Great Britain · Dormant
   2. Hythe Marina Village Limited 100% · Great Britain · Dormant
   3. Hythe Marina Limited 100% · Great Britain · Dormant

Significant events

• “The Company has seen a slight reduction in annual occupancy and rental income, in particular as a result of the current economic environment however this has been mitigated by strong growth in ancillary services such as casual berthing and fuel sales.”
• “Underlying trading performance for the year was in line with management expectations. Turnover was £41,088k (2024: £40,263k) with operating profit before non trading items being £7,147k (2024: £8,531k).”
• “The Company pays interest in respect of intercompany loans. Intercompany loans are shown as repayable within one year, however the parent company, MDL Marinas Group Ltd has given assurances that these balances will not be recalled within 12 months.”
• “The business held an all staff conference in March 25 to share the vision of where the company is placed, it's achievements, challenges, opportunities, threats and where the strategic direction is intended to take it in the future.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +2%

  £40,263,000 → £41,088,000

• Cash

  -52.8%

  £13,102,000 → £6,187,000

• Net assets

  +9.7%

  £80,327,000 → £88,141,000

• Employees

  +3.8%

  213 → 221

• Operating profit

  +137%

  £4,941,000 → £11,711,000

• Profit before tax

  +3,487%

  £192,000 → £6,887,000

• Wages

  +14.9%

  £6,697,000 → £7,692,000

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