MATRIX NETWORKS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-25 (in 7mo)
Last made up 2025-12-11
Watchouts
None on the register
Cash
£996K
-45.2% vs 2024
Net assets
£3M
-28.7% vs 2024
Employees
82
-27.4% vs 2024
Profit before tax
-£2M
+52.2% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £32,547,384 | £24,539,588 | |
| Operating profit | -£3,504,831 | -£1,376,662 | |
| Profit before tax | -£3,489,166 | -£1,667,983 | |
| Net profit | -£2,632,266 | -£1,284,098 | |
| Cash | £1,818,904 | £996,000 | |
| Total assets less current liabilities | £22,488,720 | £22,321,464 | |
| Net assets | £4,475,417 | £3,191,319 | |
| Equity | £4,475,417 | £3,191,319 | |
| Average employees | 113 | 82 | |
| Wages | £6,385,822 | £5,216,113 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -10.8% | -5.6% | |
| Net margin | -8.1% | -5.2% | |
| Return on capital employed | -15.6% | -6.2% | |
| Gearing (liabilities / total assets) | 88.8% | 91.9% | |
| Current ratio | 3.30x | 2.94x | |
| Interest cover | -9.16x | -1.95x |
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 consider that the company has adequate resources to continue in operational existence for the foreseeable future and have therefore accordingly prepared these financial statements on a going concern basis. In order to make this assessment the directors have prepared trading forecasts, including reviewing reasonably possible negative scenarios, and assessed the liquidity of the business under these scenarios. The company therefore continues to adopt the going concern basis in preparing its financial statements. The company has a letter of support from Matrix Networks Group Limited stating that the company will be able to provide appropriate financial support to ensure that Matrix Networks Limited is able to fulfil its obligations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FULLER, Nicholas Edwin | Director | 2023-07-19 | Mar 1984 | British |
| HINDLE, Nicola Ruth | Director | 2025-06-10 | Apr 1976 | British |
| HOLLIS-THOMPSON, Christopher Andrew | Director | 2023-07-19 | Mar 1978 | British |
| LILLEY, Adam Frederick | Director | 2025-06-10 | Aug 1979 | British |
| SPENCER, Simon | Director | 2023-07-19 | Nov 1964 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MANN, Michelle Suzanne | Secretary | 2007-01-22 | 2007-03-06 |
| SANDERSON, Matthew Alexander | Secretary | 2011-10-20 | 2021-06-30 |
| WILSON, Fiona Margaret | Secretary | 2007-02-15 | 2011-10-20 |
| @UKPLC CLIENT SECRETARY LTD | Corporate Nominee Secretary | 2006-12-11 | 2007-01-22 |
| ANDREWS, Wendy | Director | 2017-07-01 | 2023-07-19 |
| BECK, Paul Michael Jeffrey | Director | 2017-07-01 | 2020-02-12 |
| LILLEY, Adam Frederick | Director | 2022-05-05 | 2023-07-19 |
| MANN, Christopher James | Director | 2007-01-22 | 2020-02-12 |
| SANDERSON, Matthew Alexander | Director | 2014-07-14 | 2020-02-12 |
| SMITH, James Thomas | Director | 2023-07-19 | 2024-08-30 |
| SPARKES, Robert James | Director | 2014-07-14 | 2023-07-19 |
| WALSH, Neil | Director | 2014-07-23 | 2023-07-19 |
| WELSH, Francis Paul | Director | 2018-07-01 | 2023-04-30 |
| @UKPLC CLIENT DIRECTOR LTD | Corporate Nominee Director | 2006-12-11 | 2007-01-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Matrix Networks Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-03-31 | Active |
| Mr Neil Walsh | Individual | Significant influence | 2016-07-01 | Ceased 2022-12-01 |
| Mr Robert James Sparkes | Individual | Significant influence | 2016-07-01 | Ceased 2022-12-01 |
| Matrix Networks (Holdings) Limited | Corporate entity | Shares 75–100% | 2016-07-01 | Ceased 2019-03-31 |
| Mr Christopher James Mann | Individual | Significant influence | 2016-07-01 | Ceased 2018-04-13 |
| Mr Matthew Alexander Sanderson | Individual | Significant influence | 2016-07-01 | Ceased 2018-04-13 |
Filing timeline
Last 20 of 113 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-27 | AA | accounts | Accounts with accounts type full | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | AA | accounts | Accounts with accounts type full | |
| 2023-12-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-10 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 2
- 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
-24.6%
£32,547,384 £24,539,588
-
Cash
-45.2%
£1,818,904 £996,000
-
Net assets
-28.7%
£4,475,417 £3,191,319
-
Employees
-27.4%
113 82
-
Operating profit
+60.7%
-£3,504,831 -£1,376,662
-
Profit before tax
+52.2%
-£3,489,166 -£1,667,983
-
Wages
-18.3%
£6,385,822 £5,216,113
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