MASTER DISTRIBUTOR LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-02 (in 7mo)
Last made up 2025-11-18
Watchouts
None on the register
Cash
£8M
Latest balance sheet
Net assets
£24M
Equity attributable
Employees
66
Average over period
Profit before tax
£7M
Period ending 2025-03-31
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2023-12-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £30,250,434 | £43,345,495 | |
| Operating profit | £4,189,166 | £7,225,362 | |
| Profit before tax | £4,403,288 | £7,301,716 | |
| Net profit | £3,373,039 | £5,478,664 | |
| Cash | £13,847,758 | £7,751,749 | |
| Total assets less current liabilities | £19,446,954 | £24,725,080 | |
| Net assets | £18,963,538 | £24,292,202 | |
| Equity | £18,963,538 | £24,292,202 | |
| Average employees | 64 | 66 | |
| Wages | £3,061,543 | £4,206,208 |
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 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 13.8% | 16.7% | |
| Net margin | 11.2% | 12.6% | |
| Return on capital employed | 21.5% | 29.2% | |
| Gearing (liabilities / total assets) | 25.6% | 16.9% | |
| Current ratio | 4.20x | 6.37x | |
| Interest cover | 90.63x | 334.41x |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- MASTER DISTRIBUTOR LIMITED · parent
- Cloud Nine ANZ Pty Ltd 100%
Significant events
- “During the period, the company launched The New Original Iron, The New Slim Iron and The New Wide Iron.”
- “During the period, CLOUD NINE became MTick accredited by GenM, the trusted symbol and certification for menopause friendly products.”
- “During the period the company incurred exceptional costs in relation to a restructure. Included within restructuring costs are items such as legal fees, professional costs, and termination payments.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RAE, Gavin Paul | Secretary | 2009-11-18 | — | British |
| RAE, Gavin Paul | Director | 2018-02-26 | Nov 1968 | British |
| RAE, Martin Andrew | Director | 2009-11-18 | Aug 1966 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CASSTLES, Julian David | Director | 2016-03-01 | 2018-02-28 |
| EMMETT, Daniel Anthony | Director | 2023-12-22 | 2025-03-29 |
| WING, Clifford Donald | Director | 2009-11-18 | 2009-11-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cloud Nine International Limited | Corporate entity | Shares 75–100% | 2018-03-09 | Active |
| Mr Robert Gascoigne Powls | Individual | Shares 25–50%, Voting 25–50% | 2016-07-01 | Ceased 2018-03-09 |
Filing timeline
Last 20 of 55 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-30 RESOLUTIONS Resolution
- 2026-04-30 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-30 | MA | incorporation | Memorandum articles | |
| 2026-03-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-04 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-21 | AA01 | accounts | Change account reference date company current extended | |
| 2024-08-13 | AA | accounts | Accounts with accounts type full | |
| 2024-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-24 | AA | accounts | Accounts with accounts type full | |
| 2022-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-23 | AA | accounts | Accounts with accounts type full | |
| 2021-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-07-14 | AA | accounts | Accounts with accounts type full | |
| 2020-12-01 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- 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 → FY2025 · period ending 2025-03-31 vs 2023-12-31