M & I MATERIALS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-23 (in 8mo)
Last made up 2026-01-09
Watchouts
None on the register
Cash
£5M
-7.6% lowest in 4 filed years
Net assets
£13M
+3% vs 2024
Employees
131
-21.1% lowest in 3 filed years
Profit before tax
£539K
+102.6% first positive since 2024
Name history
Renamed 1 time since incorporation
- M & I MATERIALS LIMITED 1993-01-22 → present
- VOICENOTE LIMITED 1992-12-11 → 1993-01-22
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · latest reflected 2025-03-31
| Metric | Trend | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £90,033,878 | — | £73,743,573 | £17,203,186 | |
| Operating profit | — | £10,446,890 | — | -£20,561,223 | £569,109 | |
| Profit before tax | — | £10,469,681 | — | -£20,517,698 | £539,307 | |
| Net profit | — | £8,451,918 | — | -£20,612,705 | £374,427 | |
| Cash | £5,805,644 | £10,687,177 | — | £5,355,268 | £4,945,967 | |
| Total assets less current liabilities | — | £35,664,433 | — | £12,923,003 | £13,913,141 | |
| Net assets | — | £33,192,068 | — | £12,579,363 | £12,953,790 | |
| Equity | £24,740,150 | £33,192,068 | £33,192,068 | £12,579,363 | £12,953,790 | |
| Average employees | — | 174 | — | 166 | 131 | |
| Wages | — | £8,292,743 | — | £7,958,055 | £5,846,222 |
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 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | 11.6% | — | -27.9% | 3.3% | |
| Net margin | — | 9.4% | — | -28.0% | 2.2% | |
| Return on capital employed | — | 29.3% | — | -159.1% | 4.1% | |
| Gearing (liabilities / total assets) | — | — | — | 24.4% | 24.5% | |
| Current ratio | — | — | — | 3.88x | 3.74x | |
| Interest cover | — | 225.99x | — | -1522.94x | 18.99x |
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
- Hurst Accountants 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
- M & I MATERIALS LIMITED · parent
- Apiczon Products Limited 0.99%
Significant events
- “On 31 December 2023, the MIDEL and MIVOLT business, being fire-safe, biodegradable esters for transformers and electrical systems, was sold to Shell UK Limited.”
- “The transaction to sell MIDEL and MIVOLT was completed through a Capital Reduction Demerger, whereby related assets were written down to nil book value.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURNS, Stephen Ronald | Director | 2024-09-24 | Dec 1965 | British |
| SALT, Giles John | Director | 2015-08-07 | Aug 1969 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SALT-MELIS, Ellen Christina Maria | Secretary | 1993-01-25 | 2024-05-08 |
| WATTS, Michelle Law | Secretary | 1993-01-05 | 1993-01-25 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1992-12-11 | 1993-01-05 |
| DENHAM, Neil Llewellyn | Director | 1993-01-05 | 1993-02-15 |
| SALT, Colin John | Director | 1993-01-11 | 2024-05-08 |
| SALT-MELIS, Ellen Christina Maria | Director | 2015-08-07 | 2024-05-08 |
| SHEARD, Stephen Philip | Director | 2015-08-07 | 2024-09-30 |
| WATTS, Michelle Law | Director | 1993-01-05 | 1993-02-15 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1992-12-11 | 1993-01-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| M&I Materials Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-12-11 | Active |
| Mr Colin John Salt | Individual | Voting 75–100% | 2016-04-06 | Ceased 2023-12-11 |
Filing timeline
Last 20 of 127 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-19 | AA | accounts | Accounts with accounts type full | |
| 2025-03-27 | AA | accounts | Accounts with accounts type full | |
| 2025-02-03 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-01-24 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-19 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-19 | AA | accounts | Accounts with accounts type group | |
| 2024-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-12-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-11-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-23 | AA | accounts | Accounts with accounts type group |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-76.7%
£73,743,573 £17,203,186
lowest in 3 filed years
-
Cash
-7.6%
£5,355,268 £4,945,967
lowest in 4 filed years
-
Net assets
+3%
£12,579,363 £12,953,790
-
Employees
-21.1%
166 131
lowest in 3 filed years
-
Operating profit
+102.8%
-£20,561,223 £569,109
first positive since 2024
-
Profit before tax
+102.6%
-£20,517,698 £539,307
first positive since 2024
-
Wages
-26.5%
£7,958,055 £5,846,222
lowest in 3 filed years
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