MARINE CURRENT TURBINES LIMITED

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-04-01 (in 11mo)

Last made up 2026-03-18

Watchouts

None on the register

Cash

£1K

-88.9% lowest in 5 filed years

Net assets

-£13M

-0.9% lowest in 5 filed years

Employees

0% vs 2023

Profit before tax

-£143K

-298.6% vs 2023

Name history

Renamed 1 time since incorporation

MARINE CURRENT TURBINES LIMITED 1998-01-12 → present
I.T. POWER (SEARCH) LIMITED 1989-06-14 → 1998-01-12

Net assets

9-year trend · vs Industrials median

MARINE CURRENT TURBINES LIMITED·Industrials median · n=6236

Accounts

9-year trend · latest reflected 2024-12-31

Metric	2020-01-01	2020-12-31	2021-01-01	2021-12-31	2022-01-01	2022-12-31	2023-01-01	2023-12-31	2024-12-31
Turnover	—	—	—	—	—	—	—	—	—
Operating profit	—	-£1,307,000	—	-£6,209,000	—	-£446,000	—	£328,000	£118,000
Profit before tax	—	-£1,486,000	—	-£6,393,000	—	-£700,000	—	£72,000	-£143,000
Net profit	—	-£1,486,000	—	-£6,393,000	—	-£700,000	—	£72,000	-£115,000
Cash	—	£125,000	—	£37,000	—	£67,000	—	£9,000	£1,000
Total assets less current liabilities	—	-£5,269,000	—	-£11,936,000	—	-£12,636,000	—	-£12,564,000	-£12,679,000
Net assets	—	-£5,590,000	—	-£11,936,000	—	-£12,636,000	—	-£12,564,000	-£12,679,000
Equity	-£4,107,000	-£5,590,000	-£5,590,000	-£11,936,000	-£11,936,000	-£12,636,000	-£12,636,000	-£12,564,000	-£12,679,000
Average employees	—	12	—	9	—	3	—	2	2
Wages	—	£506,000	—	£457,000	—	£174,000	—	—	—

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	2020-01-01	2020-12-31	2021-01-01	2021-12-31	2022-01-01	2022-12-31	2023-01-01	2023-12-31	2024-12-31
Return on capital employed		—	24.8%	—	52.0%	—	3.5%	—	-2.6%	-0.9%
Interest cover		—	-7.30x	—	-33.74x	—	-1.76x	—	1.28x	0.45x

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.

People

3 active · 49 resigned

Name	Role	Appointed	Born	Nationality
CSC CLS (UK) LIMITED	Corporate Secretary	2020-04-30	—	—
HIRST, Simon Matthew	Director	2022-09-27	Oct 1967	British
REID, Graham Matthew	Director	2021-01-18	Jan 1962	British

Show 49 resigned officers

Name	Role	Appointed	Resigned
CARLESS, Helen Claire	Secretary	2012-03-16	2015-07-01
DERRICK, Anthony	Secretary	1992-01-08	2000-09-30
JONES, Paul Robin Huson	Secretary	2005-03-18	2012-03-15
LAKE, Tania Claire	Secretary	2003-08-15	2005-03-18
MULLINS, Keith	Secretary	—	1992-01-08
TURNER, David Michael, Mr.	Secretary	2000-10-01	2002-03-27
BONDLAW SECRETARIES LIMITED	Corporate Secretary	2002-03-27	2003-08-15
LINK COMPANY MATTERS LIMITED	Corporate Secretary	2015-07-01	2020-04-30
BLACK, Duncan Stuart	Director	2015-07-01	2015-09-08
CARLESS, Helen Claire	Director	2012-03-16	2013-11-25
CLUTTERBUCK, Peter Geoffrey	Director	2001-11-13	2009-12-16
COCKIN, John Joseph	Director	2008-09-26	2009-12-16
CORNELIUS, Timothy James	Director	2015-07-01	2021-01-18
COUNSELL, Simon Thomas	Director	2016-10-28	2017-08-10
COX, Sidney Robert Salvador	Director	2007-11-27	2008-09-10
DAGLEY, Andrew Luke	Director	2017-08-10	2022-09-27
DAVIES, Clive Anthony	Director	2002-03-27	2011-03-31
DE BURCA, Colm	Director	2008-05-29	2009-12-16
DERRICK, Anthony	Director	2001-11-13	2004-01-30
DERRICK, Anthony	Director	—	2000-09-30
DIXON, Adrian	Director	2005-10-17	2006-10-30
FRAENKEL, Peter Leonard	Director	1999-09-01	2011-10-31
HALL, Gina Verissimo	Director	2011-09-12	2011-09-19
HARTNACK, Michael	Director	2009-01-16	2009-12-16
JONES, Paul Robin Huson	Director	2013-01-21	2015-05-13
KOLMEL, Kai Oliver	Director	2010-02-24	2014-11-17
LESTER, Paul John	Director	2010-07-01	2012-03-12
MATHIESEN, Jens Christian	Director	2004-03-08	2011-08-17
MCKENNA, Martin	Director	2013-01-21	2014-06-30
MCNELIS, Bernard	Director	—	2000-09-30
MERRIWEATHER, Simon Martin	Director	2005-10-17	2007-06-20
MORTIMER, Horatio	Director	2008-11-19	2012-03-12
MOSLEY, Alexander James, Dr	Director	2008-11-19	2009-05-05
NORMAN, Angus Tindale	Director	2002-02-15	2005-10-17
NUTTER, Rachael	Director	2010-10-19	2011-08-24
ROBOTHAM, Angela Sophie	Director	2004-11-12	2009-12-08
SESHAMANI, Divya	Director	2010-07-20	2012-03-15
STOYE, Sven	Director	2014-07-01	2015-07-01
TYLER, Andrew Oliver, Dr	Director	2011-07-01	2012-11-30
VERDI, Joseph	Director	2005-02-01	2009-12-04
VOWLES, Kenneth Leslie, Professor	Director	2002-06-25	2008-09-02
WALL, Ernest Pierre	Director	—	1992-01-02
WENZ, Robert Charles	Director	2007-11-27	2008-07-10
WIGGINS, Francisca Jane	Director	2015-09-08	2016-10-31
WOERNER, Achim	Director	2012-03-16	2015-07-01
WORKMAN, Adam Craig	Director	2009-12-16	2011-08-24
WRIGHT, Martin Thomas Ian	Director	2002-02-06	2011-05-27
YOUNG, Alan Moffat	Director	2002-02-21	2002-03-27
TRIDOS INVESTMENTS LTD	Corporate Director	2007-05-31	2008-11-01

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Simec Atlantis Energy Limited	Corporate entity	Shares 75–100%, Voting 75–100%, Appoints directors	2016-04-06	Ceased 2016-04-06

Filing timeline

Last 20 of 281 total filings

Date	Type	Category	Description
2026-03-24	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-09-19	CH04	officers	Change corporate secretary company with change date	PDF
2025-08-05	AA	accounts	Accounts with accounts type full	PDF
2025-07-30	AD01	address	Change registered office address company with date old address new address	PDF
2025-07-30	CH04	officers	Change corporate secretary company with change date	PDF
2025-03-19	CH01	officers	Change person director company with change date	PDF
2025-03-18	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-12-13	CH04	officers	Change corporate secretary company with change date	PDF
2024-09-30	AA	accounts	Accounts with accounts type full	PDF
2024-04-09	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-09-28	AA	accounts	Accounts with accounts type full	PDF
2023-03-26	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-09-30	AA	accounts	Accounts with accounts type full	PDF
2022-09-29	AP01	officers	Appoint person director company with name date	PDF
2022-09-29	TM01	officers	Termination director company with name termination date	PDF
2022-04-27	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-10-06	AA	accounts	Accounts with accounts type full
2021-04-14	CH01	officers	Change person director company with change date	PDF
2021-03-31	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-02-18	AP01	officers	Appoint person director company with name date	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 5
Capital events: 0
Officers appointed: 0
Officers resigned: 0

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

—

Not reported
Cash

-88.9%

£9,000 £1,000

lowest in 5 filed years
Net assets

-0.9%

-£12,564,000 -£12,679,000

lowest in 5 filed years
Employees

0%

2 2
Operating profit

-64%

£328,000 £118,000

first positive since 2022
Profit before tax

-298.6%

£72,000 -£143,000

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

Official Companies House page