MC ENGINE LEASING LTD
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Cash
£4.3M
USD 5,788,000
-60.4% vs 2023
Net assets
£19M
USD 25,965,000
-23.4% vs 2023
Employees
0
Average over period
Profit before tax
£1.9M
USD 2,569,000
-21.3% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £4,663,123 | £2,041,473 | -56.2% | |
| Operating profit | £1,819,883 | £938,763 | -48.4% | |
| Profit before tax | £2,444,977 | £1,923,192 | -21.3% | |
| Net profit | £1,980,087 | £1,442,581 | -27.1% | |
| Cash | £10,946,998 | £4,332,984 | -60.4% | |
| Total assets less current liabilities | £26,168,588 | £20,026,202 | -23.5% | |
| Net assets | £25,384,040 | £19,437,790 | -23.4% | |
| Equity | £25,384,040 | £19,437,790 | -23.4% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | £0 | £0 | — |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 39.0% | 46.0% | |
| Net margin | 42.5% | 70.7% | |
| Return on capital employed | 7.0% | 4.7% | |
| Current ratio | 7.52x | 7.87x |
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 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte Ireland LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reviewed the trading prospects and cash flows of the Company. Based on this review the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a minimum of at least 12 months from the date of approval of these financial statements.”
Significant events
- “One engine was sold during the year”
- “the Company declared and paid dividends of USD$9,870,000”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WORMALD, Darren | Director | 2019-04-01 | Aug 1973 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRETT, Tom | Director | 2012-03-07 | 2019-04-01 |
| IWASAKI, Masakazu, Mr. | Director | 2015-05-18 | 2017-07-29 |
| MASUNAGA, Hirofumi | Director | 2012-03-02 | 2015-05-18 |
| MOROOKA, Katsuaki | Director | 2012-03-07 | 2012-11-05 |
| NAKANISHI, Hiroshi | Director | 2014-12-08 | 2017-04-01 |
| OKAMOTO, Katsuji | Director | 2017-04-01 | 2017-09-13 |
| OTANI, Keiichi | Director | 2017-04-01 | 2017-09-13 |
| SHARP, Jonathan Lindsey | Director | 2017-11-09 | 2019-01-22 |
| SHIMIZU, Tappei, Mr. | Director | 2014-05-01 | 2017-04-01 |
| SHIOYA, Yusuke | Director | 2017-07-29 | 2017-09-13 |
| UTSUKI, Jun, Mr. | Director | 2012-11-05 | 2014-05-01 |
| ENGINE LEASE FINANCE CORPORATION | Corporate Director | 2012-03-02 | 2012-03-07 |
| MITSUBISHI CORPORATION INTERNATIONAL (EUROPE) PLC | Corporate Director | 2012-03-02 | 2012-03-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mitsubishi Hc Capital Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-10-20 | Active |
| Mitsubishi Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-10-20 |
Filing timeline
Last 20 of 84 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-19 | AA | accounts | Accounts with accounts type full | |
| 2025-06-16 | AA01 | accounts | Change account reference date company current extended | |
| 2025-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-08 | AA | accounts | Accounts with accounts type full | |
| 2024-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-14 | AA | accounts | Accounts with accounts type full | |
| 2022-03-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-11-01 | AA | accounts | Accounts with accounts type full | |
| 2021-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-15 | AA | accounts | Accounts with accounts type full | |
| 2020-09-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-05-28 | AA | accounts | Accounts with accounts type full | |
| 2019-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2019-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2019-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.