MICHELIN DEVELOPMENT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-08 (in 1y)
Last made up 2026-04-24
Watchouts
None on the register
Cash
£33K
+147.6% vs 2023
Net assets
-£19K
+52% vs 2023
Employees
0
Average over period
Profit before tax
£21K
+137.3% vs 2023
Name history
Renamed 1 time since incorporation
- MICHELIN DEVELOPMENT LIMITED 2002-08-22 → present
- REDMAGIC LIMITED 2002-04-24 → 2002-08-22
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 | — | — | |
| Operating profit | -£329 | -£1,029 | |
| Profit before tax | £8,683 | £20,606 | |
| Net profit | £8,683 | £20,606 | |
| Cash | £13,522 | £33,483 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£39,649 | -£19,043 | |
| Equity | -£39,649 | -£19,043 | |
| Average employees | 0 | 0 | |
| 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 |
|---|---|---|---|
| Current ratio | 0.92x | 0.97x |
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
- Constantin
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed the company's forecasted cash flows for 2025 and 2026 and believe that preparing the financial statements on the going concern basis is appropriate. Although the company has net liabilities, it is able to meet its liabilities as they fall due as a result of the continued financial support of the parent company Michelin Tyre Public Limited Company, and the knowledge that Michelin Tyre Public Limited Company will support the company for the foreseeable future.”
Significant events
- “The conflict in Ukraine has not had a significant impact on the company's activities, except to the extent that it has contributed to the economic environment and cost of living crisis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOWE, John Vernon | Director | 2022-01-02 | Jul 1980 | British |
| MULHOLLAND, Noel Jonathan | Director | 2021-04-08 | Nov 1965 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOOTH, Jane Lesley | Secretary | 2002-05-07 | 2011-06-01 |
| RM REGISTRARS LIMITED | Corporate Nominee Secretary | 2002-04-24 | 2002-05-07 |
| ALDERMAN, Geoffrey James | Director | 2018-04-25 | 2019-07-31 |
| BERTHER, Philippe, Mr. | Director | 2005-11-01 | 2026-02-04 |
| BOOTH, Jane Lesley | Director | 2002-05-07 | 2002-10-31 |
| COLE, Michael Francis, Mr. | Director | 2008-01-04 | 2021-04-01 |
| CULBERTSON, Wayne | Director | 2013-08-01 | 2016-10-01 |
| JOINES, Cindy | Director | 2002-05-07 | 2002-10-31 |
| LE CORRE, Eric Jean-Marie | Director | 2010-09-01 | 2013-08-01 |
| MARSH, Peter Robert | Director | 2002-10-31 | 2004-06-02 |
| POUGET, Joel Marc Paul | Director | 2002-10-31 | 2005-11-01 |
| RICKARD, James Courtney, Mr. | Director | 2005-11-01 | 2010-09-01 |
| SMITH, Christopher Andrew | Director | 2019-09-01 | 2022-01-02 |
| WILCOX, Robert Leslie | Director | 2004-06-01 | 2008-01-04 |
| YOUNG, John | Director | 2016-10-01 | 2018-04-25 |
| RM NOMINEES LIMITED | Corporate Nominee Director | 2002-04-24 | 2002-05-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Compagnie Generale Des Establissements Michelin | Corporate entity | Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 105 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-11 | AA | accounts | Accounts with accounts type full | |
| 2025-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-23 | AA | accounts | Accounts with accounts type full | |
| 2024-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-02 | AA | accounts | Accounts with accounts type full | |
| 2023-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-13 | AA | accounts | Accounts with accounts type full | |
| 2022-05-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-12 | AD03 | address | Move registers to sail company with new address | |
| 2022-01-12 | AD02 | address | Change sail address company with new address | |
| 2022-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2021-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2020-09-29 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
—
Not reported
-
Cash
+147.6%
£13,522 £33,483
-
Net assets
+52%
-£39,649 -£19,043
-
Employees
—
Not reported
-
Operating profit
-212.8%
-£329 -£1,029
-
Profit before tax
+137.3%
£8,683 £20,606
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