M&G FOUNDERS 1 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-17 (in 11mo)
Last made up 2026-04-03
Watchouts
None on the register
Cash
£498K
-80.6% vs 2023
Net assets
£611K
-77.7% vs 2023
Employees
—
Average over period
Profit before tax
£425K
-48.8% 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 | £756,163 | £327,447 | |
| Operating profit | £756,163 | £327,447 | |
| Profit before tax | £830,003 | £424,560 | |
| Net profit | £758,892 | £369,148 | |
| Cash | £2,573,710 | £498,269 | |
| Total assets less current liabilities | — | — | |
| Net assets | £2,741,781 | £610,929 | |
| Equity | £2,741,781 | £610,929 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 100.0% | 100.0% | |
| Net margin | 100.4% | 112.7% | |
| Gearing (liabilities / total assets) | 0.0% | 3.6% | |
| Current ratio | — | 27.44x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements.”
Significant events
- “Dividends paid in the year amounted to £2,500,000 (2023: £nil).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| M&G MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2006-02-01 | — | — |
| CLARKE, Edward Hilton | Director | 2025-01-01 | Feb 1966 | British |
| LENNON, Martin James | Director | 2019-06-26 | Jan 1970 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MACDONALD, Kerryn Lynn | Secretary | 2004-04-30 | 2005-03-09 |
| MCLELLAND, Jonathon Peter | Secretary | 2002-03-21 | 2002-08-16 |
| MOLLOY, Fiona Jane | Secretary | 2002-08-16 | 2006-01-13 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2002-03-21 | 2002-03-21 |
| ASHPLANT, Anthony John | Director | 2002-03-21 | 2016-03-23 |
| FITZGERALD, Sean Andrew | Director | 2019-09-12 | 2024-12-31 |
| JOHNSON, Philip Michael | Director | 2003-03-01 | 2008-09-12 |
| PILCHER, Simon Humphrey Westland | Director | 2002-03-21 | 2019-04-01 |
| SPEIRS, Grant Robert Fairlie | Director | 2008-11-01 | 2019-01-31 |
| TUSTAIN, Leeroy Robert | Director | 2019-02-08 | 2019-06-26 |
| WATSON, David Kenneth | Director | 2002-03-21 | 2003-02-28 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2002-03-21 | 2002-03-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| M&G Fa Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 93 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-18 | CH01 | officers | Change person director company with change date | |
| 2025-09-05 | AA | accounts | Accounts with accounts type full | |
| 2025-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-01 | AA | accounts | Accounts with accounts type full | |
| 2022-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-26 | AA | accounts | Accounts with accounts type full | |
| 2021-03-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-09 | AA | accounts | Accounts with accounts type full | |
| 2020-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-11 | AA | accounts | Accounts with accounts type full | |
| 2019-09-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2019-09-13 | AP01 | officers | Appoint person director company with name date | |
| 2019-07-30 | 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
-56.7%
£756,163 £327,447
-
Cash
-80.6%
£2,573,710 £498,269
-
Net assets
-77.7%
£2,741,781 £610,929
-
Employees
—
Not reported
-
Operating profit
-56.7%
£756,163 £327,447
-
Profit before tax
-48.8%
£830,003 £424,560
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