MANAGEMENT & TRAINING CORPORATION LIMITED
Operating as the UK subsidiary of the American private corrections firm Management & Training Corporation, this business provides justice, welfare, and security services under contract to the UK government.
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Cash
£6.4m
+42.5% highest in 3 filed years
Net assets
£16m
-7.5% vs 2024
Employees
290
-28.4% vs 2024
Profit before tax
-£1.3m
-195% lowest in 3 filed years
Net assets
3-year trend · vs Unclassified median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £23,161,000 | £28,370,000 | £17,623,000 | -37.9% | |
| Operating profit | £699,000 | £1,031,000 | -£1,603,000 | -255.5% | |
| Profit before tax | £774,000 | £1,402,000 | -£1,332,000 | -195% | |
| Net profit | £774,000 | £1,402,000 | -£1,332,000 | -195% | |
| Cash | £3,982,000 | £4,513,000 | £6,430,000 | +42.5% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £16,422,000 | £17,824,000 | £16,492,000 | -7.5% | |
| Equity | £16,422,000 | £17,824,000 | £16,492,000 | -7.5% | |
| Average employees | 241 | 405 | 290 | -28.4% | |
| Wages | £14,390,000 | £17,280,000 | £10,946,000 | -36.7% | |
| Directors' remuneration | £194,000 | £202,000 | £212,000 | +5% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 3.0% | 3.6% | -9.1% | |
| Net margin | 3.3% | 4.9% | -7.6% | |
| Gearing (liabilities / total assets) | — | 18.7% | 6.0% | |
| Current ratio | 5.66x | 5.20x | 16.58x |
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
- MANAGEMENT & TRAINING CORPORATION LIMITED 2019-02-08 → present
- MTCNOVO LTD 2014-10-28 → 2019-02-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Mercer & Hole LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared cash flow forecasts to the twelve months ending July 2027 which indicate that, taking account of reasonable possible downsides, the Company will have sufficient funds, through its own cash reserves and funding from its immediate parent company Management & Training Corporation (UK) Ltd and its ultimate parent company, Management & Training Corporation, to meet its liabilities as they fall due for that period. Management & Training Corporation has indicated its intention to continue to make available such funds as are needed by the Company for the period covered by the forecasts, however the cash flow forecasts indicate that the Company should be self-sufficient for the foreseeable future. The going concern assumptions of the Company after 12 months from the date of signing these accounts are therefore supported by the above indications, and so the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.”
Group structure
- MANAGEMENT & TRAINING CORPORATION LIMITED · parent
- The London Community Rehabilitation Company Limited 100%
- The Thames Valley Community Rehabilitation Company Limited 100%
Significant events
- “In May 2026, MTC Definitive Limited, a joint venture with Definitive. PSA Ltd, was awarded a major Government contract to support with the processing of Service Users arriving on small boats, from disembarkation through to dispersal.”
- “There are open cases against the Company which the company is defending. In management's opinion, the final resolution of all legal matters will not have a material adverse effect on the Company's financial position.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARQUARDT, Daniel Blake | Director | 2023-07-27 | Jun 1989 | American |
| MARQUARDT, Robert Scott | Director | 2014-11-19 | Dec 1957 | American |
| MULHOLLAND, Ian Fisher | Director | 2022-04-25 | Dec 1967 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCGUINNESS, Aoife Marie, Dr | Secretary | 2019-01-09 | 2022-03-18 |
| SHERARD SECRETARIAT SERVICES LIMITED | Corporate Secretary | 2014-11-19 | 2019-01-09 |
| CARROL, Mark | Director | 2015-12-11 | 2016-04-30 |
| DENINSON, Ian Harry | Director | 2015-12-18 | 2018-03-16 |
| DUGGAN, Gillian | Director | 2014-11-19 | 2016-04-30 |
| FISHER, Amanda Lucia | Director | 2018-07-27 | 2019-01-09 |
| GHAFOOR, Asif | Director | 2016-08-01 | 2019-01-09 |
| HOOD, David | Director | 2020-06-29 | 2022-04-25 |
| MENDELLE, Justin Gordon | Director | 2014-10-28 | 2014-11-19 |
| PARRY, Lyle J | Director | 2014-11-19 | 2020-03-19 |
| ROBERTSON, Wayne Anthony | Director | 2014-11-19 | 2017-04-28 |
| SEEAR, Margaret Mary | Director | 2017-04-28 | 2018-05-18 |
| SEEAR, Margaret Mary | Director | 2016-08-01 | 2017-04-28 |
| WARD, Richard James | Director | 2017-04-28 | 2019-01-09 |
| WARNER, Bernard | Director | 2015-12-01 | 2020-06-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Novo Community Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-01-09 |
| Management & Training Corporation (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 80 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-26 | AA | accounts | Accounts with accounts type full | |
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-09 | CH01 | officers | Change person director company with change date | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-23 | AA | accounts | Accounts with accounts type full | |
| 2024-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-11 | AA | accounts | Accounts with accounts type full | |
| 2023-07-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-10 | AA | accounts | Accounts with accounts type full | |
| 2022-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-04 | AA | accounts | Accounts with accounts type full | |
| 2022-04-25 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-25 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-03-11 | DISS40 | gazette | Gazette filings brought up to date | |
| 2022-03-08 | GAZ1 | gazette | Gazette notice compulsory | |
| 2021-06-01 | CH01 | officers | Change person director company with change date | |
| 2021-06-01 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.