MILTON KEYNES DONS LIMITED
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Cash
£130
-100% lowest in 3 filed years
Net assets
-£15m
-13.6% lowest in 3 filed years
Employees
137
+14.2% highest in 3 filed years
Profit before tax
-£3m
+1.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2023-06-30 | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £6,959,298 | £5,716,673 | £5,550,784 | -2.9% | |
| Operating profit | -£3,432,184 | -£3,702,990 | -£7,121,106 | -92.3% | |
| Profit before tax | -£2,222,346 | -£3,085,783 | -£3,028,019 | +1.9% | |
| Net profit | -£1,698,041 | -£2,323,915 | -£1,732,276 | +25.5% | |
| Cash | £679,811 | £325,486 | £130 | -100% | |
| Total assets less current liabilities | -£10,043,274 | -£12,288,369 | -£12,410,603 | -1% | |
| Net assets | -£10,454,532 | -£12,778,447 | -£14,510,723 | -13.6% | |
| Equity | -£10,454,532 | -£12,778,447 | -£14,510,723 | -13.6% | |
| Average employees | 122 | 120 | 137 | +14.2% | |
| Wages | £5,087,173 | £4,463,956 | £6,620,216 | +48.3% | |
| Directors' remuneration | £0 | £0 | — | — |
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 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|
| Operating margin | -49.3% | -64.8% | -128.3% | |
| Net margin | -24.4% | -40.7% | -31.2% | |
| Current ratio | 0.31x | 0.16x | 0.32x |
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 1 time since incorporation
- MILTON KEYNES DONS LIMITED 2004-02-26 → present
- LAWGRA (NO.1028) LIMITED 2003-06-04 → 2004-02-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Despite the company having net current liabilities of £15m (2024 - £12.9m), the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Directors have considered the current loss making position of the Company, the forecast losses across the going concern period and the Company's reliance on further cash injections from its shareholders. The shareholders have issued a letter of support to the Company confirming that it will provide the necessary support to enable the company to continue as a going concern for the foreseeable future and for at least 12 months from the date of approval of this report.”
Group structure
- MILTON KEYNES DONS LIMITED · parent
- Milton Keynes City Football Club Limited 100%
- Milton Keynes Football Club Limited 100%
Significant events
- “At the end of the season the club invested in a brand new pitch at Stadium MK that should last at least 10 years.”
- “During the 2025/26 season the club achieved promotion and will be competing in EFL League One in the 2026/27 season.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GAWLEY, Ryan | Secretary | 2020-06-26 | — | — |
| ALGHANIM, Fahad | Director | 2024-08-09 | Nov 1977 | Kuwaiti |
| ALMARZOUQ, Hamad | Director | 2024-08-09 | Jul 1962 | Kuwaiti |
| GAWLEY, Ryan | Director | 2020-06-26 | May 1987 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAWSON, Susan Ann | Secretary | 2004-06-30 | 2009-03-27 |
| LYKO-EDWARDS, Darren | Secretary | 2015-01-19 | 2015-11-02 |
| O'HARA, Shaun David | Secretary | 2009-03-27 | 2015-01-19 |
| RICHENS, Anthony Neil | Secretary | 2015-11-02 | 2020-06-26 |
| LAWGRAM SECRETARIES LIMITED | Corporate Nominee Secretary | 2003-06-04 | 2004-03-02 |
| MK COMPANY SECRETARIES LIMITED | Corporate Secretary | 2004-03-02 | 2004-06-30 |
| COVE, John Robert | Director | 2015-11-12 | 2024-08-09 |
| CULLEN, Andrew Paul | Director | 2015-11-12 | 2021-05-29 |
| DAWSON, Sue | Director | 2015-11-12 | 2024-08-09 |
| OHARA, Shaun David | Director | 2014-06-12 | 2014-10-14 |
| RICHENS, Anthony Neil | Director | 2018-03-01 | 2020-06-26 |
| TURNER, Mark | Director | 2009-03-27 | 2024-08-09 |
| WINKELMAN, Bernadette | Director | 2004-06-30 | 2024-08-09 |
| WINKELMAN, Peter John | Director | 2004-06-30 | 2024-08-09 |
| WINKELMAN, Robert | Director | 2018-07-01 | 2024-08-09 |
| MK COMPANY DIRECTORS LIMITED | Corporate Director | 2004-03-02 | 2004-06-30 |
| WHALE ROCK DIRECTORS LIMITED | Corporate Nominee Director | 2003-06-04 | 2004-03-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter John Winkelman | Individual | Shares 75–100% | 2016-07-01 | Ceased 2016-07-01 |
| Stadium Mk Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 126 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-20 MA Memorandum articles
- 2024-08-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-10 | AA | accounts | Accounts with accounts type full | |
| 2026-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | AA | accounts | Accounts with accounts type full | |
| 2025-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-29 | CH01 | officers | Change person director company with change date | |
| 2024-08-20 | MA | incorporation | Memorandum articles | |
| 2024-08-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-07 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.