UK Companies House feature
MIX TELEMATICS EUROPE LTD
Cash
£1M
-70.3% vs 2024
Net assets
£3M
-58.5% vs 2024
Employees
41
-19.6% vs 2024
Profit before tax
£764K
-13.7% vs 2024
Profile
- Company number
- 05998818
- Status
- Active
- Incorporation
- 2006-11-15
- Last accounts made up
- 2025-03-31
- Account category
- FULL
- Primary SIC
- 63110
Net assets
3-year trend · vs UK AI & Enterprise SaaS median
Accounts
3-year trend · latest 2025-03-31
| Metric | Trend | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Turnover | — | £11,950,000 | £14,029,000 | |
| Operating profit | — | £881,000 | £773,000 | |
| Profit before tax | — | £885,000 | £764,000 | |
| Net profit | — | £543,000 | £429,000 | |
| Cash | — | £4,694,000 | £1,394,000 | |
| Total assets less current liabilities | — | £6,996,000 | £3,012,000 | |
| Net assets | — | £6,607,000 | £2,744,000 | |
| Equity | £5,960,000 | £6,607,000 | £2,744,000 | |
| Average employees | — | 51 | 41 | |
| Wages | — | £2,809,000 | £2,702,000 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Dains Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed the financial position of the Company, including consideration of the uncertainties arising from the current economic environment and the consequential impact of this upon trading and financing. Based on the Company's continued revenue performance post year end, and the strength of its balance sheet and positive cash position (cash and cash equivalents balance of £1,394,000 at 31 March 2025 (2024: £4,694,000)), and following their review of the forecasts and projections of the Company the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for 12 months from the signing of the financial statements and will have sufficient cash resources to meet its obligations as they fall due. The directors are confident that the Company will continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “Following a business combination on 2 April 2024, the ultimate parent company is Powerfleet Inc, a company headquartered in New Jersey with offices located around the globe, and listed on Nasdaq and the Johannesburg Stock Exchange (Nasdaq: AIOT, JSE: PWR).”
- “On 2 April 2024, each of the MiX plans were assumed by PowerFleet.”
- “On 10 October 2023, MiX Telematics (Pty) Ltd entered into an Implementation Agreement (the "Agreement") with PowerFleet Inc. ("Powerfleet"), a Delaware corporation, and Main Street 2000 Proprietary Limited, a private company incorporated in the Republic of South Africa and a wholly owned subsidiary of Powerfleet, pursuant to which, subject to the terms and conditions thereof, Main Street has acquired all of the issued ordinary shares of MiX Telematics (Pty) Ltd, including the ordinary shares represented by the Company's American Depositary Shares, through the implementation of a scheme of arrangement (the "Scheme") in accordance with Sections 114 and 115 of the South African Companies Act, No. 71 of 2008, in exchange for shares of common stock, par valuc $0.01 per share, of Powerficet.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KLEYENSTUBER, Axel | Secretary | 2019-04-30 | — | — |
| KLEYENSTUBER, Axel | Director | 2019-02-18 | Oct 1984 | German |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DINGLEY, Ryan Gavin | Secretary | 2007-04-26 | 2007-05-31 |
| FORRESTER, Rodney Bryan | Secretary | 2006-11-29 | 2007-04-26 |
| JACKSON, Carol Ann | Secretary | 2007-06-01 | 2019-04-30 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2006-11-15 | 2006-11-29 |
| BUZER, Terence Edward | Director | 2007-11-16 | 2011-01-31 |
| ENGLISH, Antony Ian | Director | 2011-02-01 | 2015-10-01 |
| EVANS, Steven Phillip James | Director | 2008-02-13 | 2009-07-24 |
| FORRESTER, Rodney Bryan | Director | 2006-11-29 | 2007-04-26 |
| FRAENKEL, Robert James | Director | 2006-11-29 | 2007-10-01 |
| FRIEDMAN, Richard | Director | 2007-04-26 | 2007-10-01 |
| HUCQ, Brandon | Director | 2007-04-26 | 2007-05-31 |
| JACKSON, Carol Ann | Director | 2007-06-01 | 2019-04-30 |
| JOSELOWITZ, Stefan Brian | Director | 2007-11-07 | 2012-06-28 |
| RENDELL, Nicholas John | Director | 2007-06-01 | 2008-02-13 |
| TASKER, Charles William Rex | Director | 2012-06-28 | 2025-01-10 |
| TASKER, Charles William Rex | Director | 2007-04-26 | 2010-06-09 |
| TROLLET, Marc | Director | 2015-10-01 | 2019-04-02 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2006-11-15 | 2006-11-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mix Telematics Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 115 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-31 | AA | accounts | accounts with accounts type full |
| 2025-11-28 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-01-16 | TM01 | officers | termination director company with name termination date |
| 2024-12-27 | AA | accounts | accounts with accounts type full |
| 2024-11-27 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-07-02 | SH19 | capital | capital statement capital company with date currency figure |
| 2024-07-02 | SH20 | capital | legacy |
| 2024-07-02 | CAP-SS | insolvency | legacy |
| 2024-07-02 | RESOLUTIONS | resolution | resolution |
| 2024-07-02 | SH19 | capital | capital statement capital company with date currency figure |
| 2024-07-02 | SH20 | capital | legacy |
| 2024-07-02 | CAP-SS | insolvency | legacy |
| 2024-07-02 | RESOLUTIONS | resolution | resolution |
| 2024-01-11 | AA | accounts | accounts with accounts type full |
| 2023-11-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-06-20 | AD01 | address | change registered office address company with date old address new address |
| 2023-01-12 | AA | accounts | accounts with accounts type full |
| 2022-11-15 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-12-21 | AA | accounts | accounts with accounts type full |
| 2021-11-16 | CS01 | confirmation-statement | confirmation statement with no updates |
Credit score
Altman Z″ (private-firm) · reference 2025-03-31
2.73
SAFE
Altman Z″
- Working capital / Total assets 0.222 × 6.56 = +1.46
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.101 × 6.72 = +0.68
- Book equity / Total liabilities 0.563 × 1.05 = +0.59
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory