MATERIALS PROCESSING INSTITUTE

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

• ⚠

  Material uncertainty over going concern

  We draw attention to the going concern section within note 2 to the financial statements which indicates that the company is reliant on government grants and support from a finance provider to continue its operations. As stated in note 2, these events and conditions, along with the other matters as set out in note 2 indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Clive Owen LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to the going concern section within note 2 to the financial statements which indicates that the company is reliant on government grants and support from a finance provider to continue its operations. As stated in note 2, these events and conditions, along with the other matters as set out in note 2 indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “2023/24 was a further year of significant investment to support the diversification of MPI's activities. Total capital invested in new research equipment and facilities over the last three years was approaching £10m, with a further £10m being invested in 2024/25.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -5.8%

  £5,104,638 → £4,809,569

• Cash

  +110.2%

  -£502,959 → £51,383

• Net assets

  -11.2%

  £2,352,259 → £2,087,844

• Employees

  -8.6%

  81 → 74

• Operating profit

  -10.1%

  -£732,597 → -£806,248

• Profit before tax

  -11.2%

  -£774,136 → -£860,952

• Wages

  -8.1%

  £2,913,792 → £2,676,911

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