M. KEYS LIMITED
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Next accounts due
2026-09-28 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-12 (in 2mo)
Last made up 2025-06-28
Watchouts
None on the register
Cash
£7M
Latest balance sheet
Net assets
£29M
Equity attributable
Employees
149
Average over period
Profit before tax
£9M
Period ending 2024-12-31
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £70,526,414 | £61,655,609 | |
| Operating profit | £7,892,523 | £9,323,075 | |
| Profit before tax | £7,634,706 | £9,042,817 | |
| Net profit | £7,598,380 | £7,452,018 | |
| Cash | £5,650,419 | £7,367,681 | |
| Total assets less current liabilities | £28,360,916 | £35,877,997 | |
| Net assets | £24,005,027 | £29,157,045 | |
| Equity | £24,005,027 | £29,157,045 | |
| Average employees | 129 | 149 | |
| Wages | £5,451,108 | £5,152,380 |
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 | 11.2% | 15.1% | |
| Net margin | 10.8% | 12.1% | |
| Return on capital employed | 27.8% | 26.0% | |
| Current ratio | 2.12x | 1.80x | |
| Interest cover | 29.63x | 24.73x |
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
- Consolidated group
- Auditor
- Hassard McClements Limited
- 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
- M. KEYS LIMITED · parent
- M Keys Farms Limited 100%
- M Keys Transport Limited 100%
- Castlebrook Farms Limited 100%
- KW Farms Limited 100%
- Corbally Farms Limited 100%
- Annagh Farms Limited 100%
Significant events
- “During the year to 31 December 2024 the directors focused on the following principal areas: continuing development of the current business; to become and remain a major supplier of production pigs to local slaughter houses; to maintain the highest standards in animal welfare; to provide the highest standards to its haulage operations; to ensure full compliance with environmental regulations and obligations; to maximise profit and continue to create local employment; to continue to build and work on relationships with customers and suppliers and to continue the growth strategy managing the risks in the business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KEYS, Malcolm Frederick Charles | Director | 2012-06-28 | Dec 1962 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KEYS, Darlene | Secretary | 2012-06-28 | 2025-12-13 |
| KEYS, Darlene | Director | 2012-06-28 | 2025-12-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Maurice Donaldson | Individual | Shares 25–50%, Voting 25–50% | 2026-03-31 | Active |
| Mr James Christopher Henderson | Individual | Shares 25–50%, Voting 25–50% | 2026-03-31 | Active |
| Mrs Darlene Keys | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-07-07 |
| Mrs Darlene Keys | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Mr Malcolm Frederick Charles Keys | Individual | Shares 25–50%, ownership-of-shares-25-to-50-percent-as-trust, Voting 25–50%, voting-rights-25-to-50-percent-as-trust | 2016-04-06 | Active |
Filing timeline
Last 20 of 49 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-30 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-30 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-04 | AA | accounts | Accounts with accounts type group | |
| 2026-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-20 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-09-24 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-23 | AAMD | accounts | Accounts amended with accounts type group | |
| 2024-12-19 | AA | accounts | Accounts with accounts type group | |
| 2024-09-19 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-08-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-07 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-02-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-02 | AA | accounts | Accounts with accounts type group | |
| 2023-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-09-29 | AA | accounts | Accounts with accounts type group | |
| 2022-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- 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