M SUBS LIMITED
Get an alert when M SUBS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-26 (in 1mo)
Last made up 2025-06-12
Watchouts
None on the register
Cash
£8M
-55% vs 2023
Net assets
£9M
+5.9% vs 2023
Employees
115
+49.4% vs 2023
Profit before tax
£522K
-59.4% vs 2023
Name history
Renamed 1 time since incorporation
- M SUBS LIMITED 2008-07-30 → present
- M SUBS LIMITED 2006-07-12 → 2008-07-30
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £9,681,379 | £14,110,135 | |
| Operating profit | £1,172,311 | £332,830 | |
| Profit before tax | £1,286,585 | £521,729 | |
| Net profit | £1,313,352 | £501,158 | |
| Cash | £17,721,372 | £7,981,340 | |
| Total assets less current liabilities | £8,546,914 | £9,383,926 | |
| Net assets | £8,443,498 | £8,944,656 | |
| Equity | £8,443,498 | £8,944,656 | |
| Average employees | 77 | 115 | |
| Wages | £3,258,384 | £4,542,210 |
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 | 12.1% | 2.4% | |
| Net margin | 13.6% | 3.6% | |
| Return on capital employed | 13.7% | 3.5% | |
| Current ratio | 1.41x | 1.72x | |
| Interest cover | 279.52x | 9.19x |
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
- Consolidated group
- Auditor
- WP Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The group has positive cashflow from these contracts and significant cash reserves at the year end, assisting with the determination that the group is a going concern.”
Group structure
- M SUBS LIMITED · parent
- Marine AI Limited 60%
- Turnquay Wharf Ltd 75%
- Sigma Precision Engineering Ltd 100%
- Zero Yachts Ltd 75%
- M Subs PTY Ltd 75%
- Marine AI (NZ) Limited 100%
Significant events
- “The group has expanded, with the acquisition of 100% of the shares in Sigma Precision Engineering Limited, and the involvement with newly incorporated Turnquay Wharf Limited.”
- “During December 2024 ownership of Marine AI (NZ) Limited was transferred to another subsidiary within the group, M Subs PTY Ltd, which now holds 100% of its share capital.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRETTO, Paul Douglas | Director | 2016-05-19 | Jan 1965 | British |
| DOWSETT, Patrick Giles | Director | 2024-02-01 | Apr 1966 | British |
| SHAW, Robert John | Director | 2014-03-07 | Jan 1962 | British |
| TROUGHTON, Matthew | Director | 2025-06-24 | Apr 1995 | British |
| WYATT, Laura Samantha | Director | 2020-01-01 | May 1989 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MOORHOUSE, Gillian Mary | Secretary | 2006-07-12 | 2007-05-14 |
| MOORHOUSE, Paul Patrick | Secretary | 2007-05-14 | 2012-11-30 |
| SAME-DAY COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 2006-07-12 | 2006-07-12 |
| COOK, Gregory Miner | Director | 2007-10-11 | 2016-05-19 |
| DOWSETT, Patrick Giles | Director | 2020-01-24 | 2021-03-29 |
| MOORHOUSE, Paul Patrick | Director | 2006-07-12 | 2012-11-30 |
| PHANEUF, Brett Anthony | Director | 2007-07-15 | 2025-02-28 |
| WILDMAN & BATTELL LIMITED | Corporate Nominee Director | 2006-07-12 | 2006-07-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gregory Miner Cook | Individual | Shares 75–100%, Voting 75–100% | 2023-05-16 | Active |
| Submergence Group Llc | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-06-30 | Ceased 2023-05-16 |
Filing timeline
Last 20 of 83 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-03 | AA | accounts | Accounts with accounts type group | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-06 | AA | accounts | Accounts with accounts type group | |
| 2024-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-09 | AA | accounts | Accounts with accounts type full | |
| 2023-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-31 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-05-16 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-05-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-01-07 | AA | accounts | Accounts with accounts type full | |
| 2022-08-25 | CH01 | officers | Change person director company with change date | |
| 2022-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-05 | AA | accounts | Accounts with accounts type full | |
| 2021-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-29 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- 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
+45.7%
£9,681,379 £14,110,135
-
Cash
-55%
£17,721,372 £7,981,340
-
Net assets
+5.9%
£8,443,498 £8,944,656
-
Employees
+49.4%
77 115
-
Operating profit
-71.6%
£1,172,311 £332,830
-
Profit before tax
-59.4%
£1,286,585 £521,729
-
Wages
+39.4%
£3,258,384 £4,542,210
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