UK Companies House feature
MATORTHO LIMITED
Cash
£1M
+65.1% vs 2023
Net assets
-£8M
-53.7% vs 2023
Employees
60
+5.3% vs 2023
Profit before tax
—
Period ending 2024-12-31
Profile
- Company number
- 07323441
- Status
- Active
- Incorporation
- 2010-07-22
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 86220
- Hubs
- UK Healthcare
Net assets
5-year trend · vs UK Healthcare median
Accounts
5-year trend · latest 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | |
| Net profit | — | — | -£1,872,285 | -£2,081,439 | -£2,907,670 | |
| Cash | £224,538 | £268,719 | £1,242,218 | £636,518 | £1,050,989 | |
| Total assets less current liabilities | — | — | — | -£889,104 | -£1,740,092 | |
| Net assets | — | -£1,460,632 | -£3,332,917 | -£5,414,356 | -£8,322,026 | |
| Equity | — | — | — | -£5,414,356 | -£8,322,026 | |
| Average employees | — | 58 | 58 | 57 | 60 | |
| Wages | — | £2,630,267 | £2,718,794 | £2,996,397 | £3,456,859 |
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 102
- Reporting scope
- Consolidated (group)
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The shareholders of Matortho Group Holdings Limited invested a further £2.9m, by way of loan notes, into the company's immediate parent undertaking, MatOrtho Holdings Limited, in July 2024 and this was accompanied by debt facilities of £3.0m from Virgin Money, with a further £1.5m facility when ReCerf obtains MDR and TGA approval which has now been achieved. As a result, the directors have a reasonable expectation that the group will have adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Subsidiaries
- MatOrtho Europe Limited · 100% held · Belgium
- MatOrtho PTY Limited · 100% held · Australia
- Matortho Ireland Limited · 100% held · Ireland
Significant events
- “ReCerf gained TGA approval in November 2024 and was listed on Australia's Prosthesis List in March 2025, enabling private funding. EU MDR approval for ReCerf was granted in June 2025, with Saiph knee and Adept hip also progressing toward approval as anticipated.”
- “Subsequent to the year end, the Company received EU MDR regulatory approval for ReCerf. TGA approval for ReCerf was obtained in November 2024, with listing on the Australian Prosthesis List (PLAC) effective March 2025. These approvals enable the planned commercial launch of ReCerf in 2025.”
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
6 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLAPCOTT, David Bruce | Director | 2022-12-19 | Nov 1974 | British |
| MILLET-LOPEZ, Oriol | Director | 2023-12-13 | May 1971 | Spanish |
| PADBURY, Claire | Director | 2025-01-01 | Feb 1965 | English |
| SHAND, Dave Paul | Director | 2011-07-14 | Mar 1965 | British |
| TUKE, Michael Antony | Director | 2010-07-22 | Dec 1947 | British |
| WILSON, Duncan James | Director | 2022-12-19 | May 1969 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SIMMONS, Roger Brian | Secretary | 2011-01-24 | 2021-06-14 |
| MH SECRETARIES LIMITED | Corporate Secretary | 2010-07-22 | 2011-01-24 |
| COCKERAM, James Alexander Neil | Director | 2018-01-01 | 2018-11-30 |
| COLLINS, Simon Nicholas, Dr | Director | 2015-01-01 | 2024-12-31 |
| COOPER, Derek Redvers | Director | 2011-09-01 | 2018-07-18 |
| DAVIES, Bernard | Director | 2011-02-01 | 2021-06-14 |
| FLETCHER, Iain Crawford | Director | 2017-02-01 | 2019-01-25 |
| GYNGELL, Linda Mary | Director | 2011-07-14 | 2015-12-31 |
| LLOYD, Clive Richard | Director | 2011-08-01 | 2021-06-14 |
| SIMMONS, Roger Brian | Director | 2011-02-01 | 2021-06-14 |
| WELCH, Mark Christopher | Director | 2021-06-14 | 2024-09-13 |
| WOODALL, Andrew Stephen | Director | 2011-08-01 | 2024-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Matortho Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-06-14 | Active |
| Mr Michael Antony Tuke | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-22 | Ceased 2021-06-14 |
Filing timeline
Last 20 of 133 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-11-13 | AA | accounts | accounts with accounts type group |
| 2025-07-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-02-17 | CH01 | officers | change person director company with change date |
| 2025-02-17 | CH01 | officers | change person director company with change date |
| 2025-02-17 | CH01 | officers | change person director company with change date |
| 2025-02-17 | CH01 | officers | change person director company with change date |
| 2025-02-17 | CH01 | officers | change person director company with change date |
| 2025-01-04 | AP01 | officers | appoint person director company with name date |
| 2025-01-02 | TM01 | officers | termination director company with name termination date |
| 2025-01-02 | TM01 | officers | termination director company with name termination date |
| 2024-10-29 | AA | accounts | accounts with accounts type group |
| 2024-09-30 | TM01 | officers | termination director company with name termination date |
| 2024-07-24 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-07-16 | MR04 | mortgage | mortgage satisfy charge full |
| 2024-07-08 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-07-04 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-12-18 | AP01 | officers | appoint person director company with name date |
| 2023-09-20 | AA | accounts | accounts with accounts type group |
| 2023-07-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-12-22 | AA | accounts | accounts with accounts type group |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Composite activity score · components 0–100 · reference 2026-05-10
12.5
COLD
/ 100
- Filings velocity 17
- Capital events 0
- Officer churn 0
- Headcount trajectory 55
- Accounts trajectory 0
- 2 filing(s) in last 12 months
- Employees +5% YoY
- Net Assets -54% YoY