MDSL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-13 (in 4mo)
Last made up 2025-08-30
Watchouts
Cash
£49K
+104.2% vs 2023
Net assets
-£8M
-29.7% vs 2023
Employees
4
-20% vs 2023
Profit before tax
-£369K
+15.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Board reviewed and concluded that the Company is no longer a going concern due to prolonged losses and difficult market conditions and decided to cease all operations post year end in the best interest of the stakeholders. Accordingly the financial statements have been prepared on a break-up basis, reflecting the intention to realize assets and settle liabilities in the normal course of winding up the business.
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 | £1,346,000 | £427,000 | |
| Operating profit | -£435,000 | -£369,000 | |
| Profit before tax | -£435,000 | -£369,000 | |
| Net profit | -£327,000 | -£1,837,000 | |
| Cash | £24,000 | £49,000 | |
| Total assets less current liabilities | -£6,182,000 | -£8,019,000 | |
| Net assets | -£6,182,000 | -£8,019,000 | |
| Equity | -£6,182,000 | -£8,019,000 | |
| Average employees | 5 | 4 | |
| Wages | £228,000 | £191,000 |
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 | -32.3% | -86.4% | |
| Net margin | -24.3% | -430.2% | |
| Return on capital employed | 7.0% | 4.6% | |
| Gearing (liabilities / total assets) | 484.7% | 5827.9% | |
| Current ratio | 0.21x | 0.02x |
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
- Standalone (parent only)
- Auditor
- The Corporate Practice Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Board reviewed and concluded that the Company is no longer a going concern due to prolonged losses and difficult market conditions and decided to cease all operations post year end in the best interest of the stakeholders. Accordingly the financial statements have been prepared on a break-up basis, reflecting the intention to realize assets and settle liabilities in the normal course of winding up the business.”
Significant events
- “The Board reviewed and concluded that the Company is no longer a going concern due to prolonged losses and difficult market conditions and decided to cease all operations post year end in the best interest of the stakeholders.”
- “The Company has ceased its operations post year end and there are no material events since the statement of financial position date that require adjustment or disclosure in the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RAJAKUMAR, Inbaraj | Secretary | 2015-03-31 | — | — |
| FELTON, John | Director | 2018-08-03 | Apr 1973 | British |
| KRISHNA MURTHY, Ramesh | Director | 2018-07-26 | Jan 1972 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BASS, Paul William | Secretary | 2007-08-30 | 2007-11-16 |
| CARRUTHERS, Ian James | Secretary | 2007-11-16 | 2009-01-22 |
| SHIPTON, William Keith | Secretary | 2009-01-22 | 2015-03-31 |
| BASS, Paul William | Director | 2007-08-30 | 2007-11-16 |
| BRIARS, Paul | Director | 2020-10-21 | 2025-08-29 |
| CARRUTHERS, Ian James | Director | 2007-11-16 | 2007-11-16 |
| EDWARDS, Gary John | Director | 2007-08-30 | 2009-03-23 |
| HUGHES, Paul James | Director | 2012-05-15 | 2025-12-31 |
| KNIGHT, Matthew | Director | 2017-10-19 | 2018-03-28 |
| LUCAS, John | Director | 2009-03-23 | 2012-04-27 |
| PRICE, Ernest Patrick | Director | 2010-11-01 | 2019-02-01 |
| ROOPCHAND, Simon Seegobin | Director | 2018-07-26 | 2020-10-12 |
| SHIPTON, William Keith | Director | 2009-01-22 | 2015-03-31 |
| WORRALL, Gary | Director | 2015-03-31 | 2020-05-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lsrm Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-10-23 | Active |
| Lorne Stewart Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-10-23 |
Filing timeline
Last 20 of 83 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-06 | CH01 | officers | Change person director company with change date | |
| 2026-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-17 | AA | accounts | Accounts with accounts type full | |
| 2024-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-19 | AA | accounts | Accounts with accounts type full | |
| 2023-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-10 | AA | accounts | Accounts with accounts type full | |
| 2022-09-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-14 | AA | accounts | Accounts with accounts type full | |
| 2021-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-22 | AA | accounts | Accounts with accounts type full | |
| 2020-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2020-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2020-10-02 | AA | accounts | Accounts with accounts type full | |
| 2020-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-05-20 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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
-68.3%
£1,346,000 £427,000
-
Cash
+104.2%
£24,000 £49,000
-
Net assets
-29.7%
-£6,182,000 -£8,019,000
-
Employees
-20%
5 4
-
Operating profit
+15.2%
-£435,000 -£369,000
-
Profit before tax
+15.2%
-£435,000 -£369,000
-
Wages
-16.2%
£228,000 £191,000
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