MARINE PRODUCTS (SCOTLAND) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-14 (in 6mo)
Last made up 2025-10-31
Watchouts
None on the register
Cash
£5M
+30% vs 2023
Net assets
£6M
+2.8% vs 2023
Employees
62
+3.3% vs 2023
Profit before tax
£215K
+301.7% vs 2023
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 | £38,757,436 | £34,806,239 | |
| Operating profit | -£137,661 | £105,938 | |
| Profit before tax | -£106,727 | £215,318 | |
| Net profit | -£79,778 | £162,763 | |
| Cash | £3,601,050 | £4,681,166 | |
| Total assets less current liabilities | £6,196,937 | £6,419,700 | |
| Net assets | £5,896,937 | £6,059,700 | |
| Equity | £5,896,937 | £6,059,700 | |
| Average employees | 60 | 62 | |
| Wages | £2,120,247 | £2,228,926 |
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 | -0.4% | 0.3% | |
| Net margin | -0.2% | 0.5% | |
| Return on capital employed | -2.2% | 1.7% | |
| Gearing (liabilities / total assets) | 33.4% | 42.0% | |
| Current ratio | 3.22x | 2.52x | |
| Interest cover | -7.63x | — |
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
- French Duncan LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have carefully reviewed the company's cash flow projections and trading forecasts, taking into account both current performance and anticipated future conditions. Based on this review, they are confident that the company has sufficient financial resources to meet its obligations as they fall due for a period of at least 12 months from the date of signing these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELLERY, Derek George Mcnicoll | Secretary | 2020-03-30 | — | — |
| BISSET, Mary Catherine | Director | 2018-09-28 | May 1959 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LISTON, Susan | Secretary | 2003-01-13 | 2006-08-25 |
| DWF SECRETARIAL SERVICES (SCOTLAND) LIMITED | Corporate Nominee Secretary | 2015-05-13 | 2020-03-27 |
| HBJ SECRETARIAL LIMITED | Corporate Secretary | 2002-10-31 | 2003-01-13 |
| LEDINGHAM CHALMERS LLP | Corporate Secretary | 2006-08-25 | 2015-05-11 |
| BLAIR, Colin Ian | Director | 2003-01-14 | 2014-01-26 |
| LISTON, William Munro | Director | 2003-01-13 | 2011-09-30 |
| MACDONALD, Donald Stewart | Director | 2014-03-21 | 2014-12-15 |
| MACKENZIE, Angus | Director | 2003-01-14 | 2018-08-06 |
| MACKENZIE, Marion Annette, Executor-Dative Of Estate Of Late Angus Mackenzie- | Director | 2018-09-28 | 2026-02-20 |
| MURRAY, Graeme James | Director | 2014-12-16 | 2015-05-01 |
| STEPHAN, Lionel | Director | 2014-03-21 | 2015-05-01 |
| WARRINGTON, Mark Kenneth | Director | 2011-09-30 | 2013-03-31 |
| HENDERSON BOYD JACKSON LIMITED | Corporate Director | 2002-10-31 | 2003-01-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sulidae Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-25 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-09-06 | CH03 | officers | Change person secretary company with change date | |
| 2025-07-16 | CH03 | officers | Change person secretary company with change date | |
| 2024-11-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-03 | AA | accounts | Accounts with accounts type full | |
| 2023-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-22 | AA | accounts | Accounts with accounts type full | |
| 2022-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-22 | AA | accounts | Accounts with accounts type full | |
| 2021-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2020-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-24 | AA | accounts | Accounts with accounts type full | |
| 2020-04-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-04-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2020-04-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2019-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
-10.2%
£38,757,436 £34,806,239
-
Cash
+30%
£3,601,050 £4,681,166
-
Net assets
+2.8%
£5,896,937 £6,059,700
-
Employees
+3.3%
60 62
-
Operating profit
+177%
-£137,661 £105,938
-
Profit before tax
+301.7%
-£106,727 £215,318
-
Wages
+5.1%
£2,120,247 £2,228,926
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