MARINA DEVELOPMENTS LIMITED
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Cash
£6.2m
-52.8% vs 2024
Net assets
£88m
+9.7% vs 2024
Employees
221
+3.8% vs 2024
Profit before tax
£6.9m
+3,487% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £40,263,000 | £41,088,000 | +2% | |
| Operating profit | £4,941,000 | £11,711,000 | +137% | |
| Profit before tax | £192,000 | £6,887,000 | +3,487% | |
| Net profit | £46,000 | £4,574,000 | +9,843.5% | |
| Cash | £13,102,000 | £6,187,000 | -52.8% | |
| Total assets less current liabilities | £95,039,000 | £103,101,000 | +8.5% | |
| Net assets | £80,327,000 | £88,141,000 | +9.7% | |
| Equity | £80,327,000 | £88,141,000 | +9.7% | |
| Average employees | 213 | 221 | +3.8% | |
| Wages | £6,697,000 | £7,692,000 | +14.9% | |
| Directors' remuneration | £360,000 | £363,000 | +0.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 12.3% | 28.5% | |
| Net margin | 0.1% | 11.1% | |
| Return on capital employed | 5.2% | 11.4% | |
| Gearing (liabilities / total assets) | 57.7% | 58.1% | |
| Current ratio | 0.20x | 0.13x | |
| Interest cover | 1.04x | 2.43x |
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.
Name history
Renamed 2 times since incorporation
- MARINA DEVELOPMENTS LIMITED 1992-07-15 → present
- MDL LEISURE LIMITED 1989-06-06 → 1992-07-15
- MID WEST INVESTMENTS LIMITED 1972-06-02 → 1989-06-06
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO 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
- MARINA DEVELOPMENTS LIMITED · parent
- Dean & Dyball (Plymouth) Limited 100%
- Hythe Marina Village Limited 100%
- Hythe Marina Limited 100%
Significant events
- “The Company has seen a slight reduction in annual occupancy and rental income, in particular as a result of the current economic environment however this has been mitigated by strong growth in ancillary services such as casual berthing and fuel sales.”
- “Underlying trading performance for the year was in line with management expectations. Turnover was £41,088k (2024: £40,263k) with operating profit before non trading items being £7,147k (2024: £8,531k).”
- “The Company pays interest in respect of intercompany loans. Intercompany loans are shown as repayable within one year, however the parent company, MDL Marinas Group Ltd has given assurances that these balances will not be recalled within 12 months.”
- “The business held an all staff conference in March 25 to share the vision of where the company is placed, it's achievements, challenges, opportunities, threats and where the strategic direction is intended to take it in the future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FLEMING, Catherine Elinor | Secretary | 2015-05-21 | — | — |
| BARNES, James Winston | Director | 2025-04-24 | Feb 1968 | British |
| CHOWN, Daniel Jack | Director | 2026-02-05 | Mar 1985 | British |
| HORSLEY, Daniel Peter | Director | 2024-05-17 | Oct 1982 | British |
| ILIFFE, Edward Richard, The Honourable | Director | 2004-05-18 | Sep 1968 | British |
| KING, Jonathan Andrew | Director | 2024-11-01 | Aug 1967 | British |
| SPENCER, Michael Gerald | Director | 2018-04-04 | Dec 1947 | British |
| WILLIAMS, David Grey | Director | 2013-05-01 | Nov 1951 | British |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRANT, Robert | Secretary | 2017-01-05 | 2017-12-08 |
| HOLMES, Clive Campbell | Secretary | 2002-07-25 | 2015-05-21 |
| HORSFORD, Robert Ian | Secretary | 2000-01-26 | 2002-07-25 |
| TUFNELL, Michael John | Secretary | — | 2000-01-26 |
| AMESBURY-PAGE, Richard John | Director | 2023-09-12 | 2025-08-31 |
| BATTMAN, Geoffrey Neil | Director | — | 1994-06-30 |
| BETTESWORTH, Brian Michael | Director | 2005-01-01 | 2014-02-15 |
| BROADRIBB, Richard Anthony | Director | 2017-09-05 | 2023-12-31 |
| CHATER, Alan Malcolm | Director | 2003-04-01 | 2010-03-31 |
| CORNISH, Andrew John | Director | 2010-09-15 | 2011-08-05 |
| EADS, Jonathan | Director | 2004-05-18 | 2013-11-29 |
| FEENEY, Eamonn | Director | 2011-05-31 | 2015-09-30 |
| GLANVILLE, Michael James | Director | 2018-03-05 | 2025-05-09 |
| GORDON, Lisa Jane | Director | 2011-01-26 | 2013-07-25 |
| GRANT, Robert Daniel George | Director | 2017-12-08 | 2018-11-30 |
| GRAY, Simon Talbot | Director | — | 2012-12-11 |
| HAMBLETT, John Richard | Director | 1993-05-28 | 2000-01-26 |
| HEIMANN, David | Director | — | 1994-06-05 |
| HILEY, James Ross | Director | 2019-01-28 | 2020-02-03 |
| HOLMES, Clive Campbell | Director | 2002-07-25 | 2015-05-21 |
| HUNT, Kevin Liam | Director | 2020-06-19 | 2021-12-31 |
| ILIFFE, Robert Peter Richard, The Right Honourable | Director | — | 2010-12-31 |
| KEELER, Anthony John | Director | 2003-06-02 | 2010-07-09 |
| MASON, Philip | Director | — | 1993-05-28 |
| MAYER, Timothy James, Director | Director | 2021-12-15 | 2026-01-23 |
| MORTON, Anthony Robert | Director | 1993-11-16 | 2004-11-24 |
| PAGE, Gwynneth | Director | 2022-05-11 | 2023-07-26 |
| PEARCE, Annabel Louise | Director | 2013-03-20 | 2016-10-06 |
| PITCHER, Andrew Bernard | Director | 2000-01-26 | 2003-02-28 |
| RICHARDS, Sonya Lorraine | Director | 2004-11-24 | 2010-12-31 |
| ROBINSON, Johann Lesley | Director | 2015-11-11 | 2018-01-19 |
| RYAN, Sandra Margaret | Director | 2012-01-26 | 2016-11-11 |
| SMITH, Dean Trevor | Director | 2014-05-23 | 2018-10-11 |
| TUFNELL, Michael John | Director | — | 2000-06-30 |
| WATSON, John George | Director | 2001-01-01 | 2003-06-30 |
| WELCH, Simon Peter | Director | 2023-09-01 | 2024-04-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mdl Marinas Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 312 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-07 | AA | accounts | Accounts with accounts type full | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-06 | CH01 | officers | Change person director company with change date | |
| 2024-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-21 | AA | accounts | Accounts with accounts type full | |
| 2024-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2024-06-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-21 | AA | accounts | Accounts with accounts type full | |
| 2023-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-08 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.