P MULRINE AND SONS SALES (U.K.) LIMITED
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Cash
£268k
+2% vs 2024
Net assets
-£1.5m
+66.6% highest in 6 filed years
Employees
45
+18.4% highest in 6 filed years
Profit before tax
£3m
+220.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Consumer Staples median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-30
| Metric | Trend | 2020-12-31 | 2021-12-30 | 2022-12-30 | 2023-12-30 | 2024-12-30 | 2025-12-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £25,754,532 | £36,807,491 | +42.9% | |
| Operating profit | — | — | — | — | £1,062,003 | £3,612,445 | +240.2% | |
| Profit before tax | — | — | — | — | £921,886 | £2,958,241 | +220.9% | |
| Net profit | — | — | — | — | £921,886 | £2,958,241 | +220.9% | |
| Cash | £145,901 | £180,561 | £212,217 | £432,635 | £262,758 | £267,921 | +2% | |
| Total assets less current liabilities | -£2,627,230 | -£3,560,033 | -£4,805,754 | -£5,183,117 | -£4,440,020 | -£936,779 | +78.9% | |
| Net assets | -£2,627,230 | -£3,560,033 | -£5,157,757 | -£5,361,906 | -£4,440,020 | -£1,481,779 | +66.6% | |
| Equity | -£2,627,230 | -£3,560,033 | -£5,157,757 | -£5,361,906 | -£4,440,020 | -£1,481,779 | +66.6% | |
| Average employees | 20 | 18 | 15 | 27 | 38 | 45 | +18.4% | |
| Wages | — | — | — | — | £843,183 | £885,965 | +5.1% | |
| Directors' remuneration | — | — | — | — | — | — | — |
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 | 2020-12-31 | 2021-12-30 | 2022-12-30 | 2023-12-30 | 2024-12-30 | 2025-12-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 4.1% | 9.8% | |
| Net margin | — | — | — | — | 3.6% | 8.0% | |
| Gearing (liabilities / total assets) | 181.0% | 179.9% | 174.0% | 151.7% | 140.4% | 114.0% | |
| Current ratio | — | — | — | — | 0.10x | 0.14x |
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
- Gilroy Gannon
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The accumulated deficit amounted to £1.482m as at 30 December 2025, compared to an accumulated deficit of £4.440m as at 30 December 2024. The directors consider it appropriate to prepare the financial statements on a going concern basis because of (i) the continuous support of the Mulrine Group and (ii) the commencement of production at the new facility in Sion Mills which has returned the company to a position of profitability.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MULRINE, Peter | Secretary | 2016-08-18 | — | — |
| MCGUCKIN, David | Director | 2025-05-01 | Oct 1991 | Irish |
| MULRINE, Peter | Director | 2016-08-18 | Jun 1960 | Irish |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LYTTLE, Michael George | Director | 2023-05-04 | 2025-05-01 |
| MAGEE, Malachy | Director | 2016-08-18 | 2022-12-23 |
| MULRINE, Martina | Director | 2022-12-23 | 2023-05-04 |
| MUNNELLY, Michael | Director | 2026-08-05 | 2026-09-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter Mulrine | Individual | Shares 75–100%, Voting 75–100% | 2016-08-18 | Active |
Filing timeline
Last 20 of 41 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-17 | AA | accounts | Accounts with accounts type full | |
| 2026-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-24 | AA | accounts | Accounts with accounts type small | |
| 2025-08-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-27 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2024-08-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-01 | SH01 | capital | Capital allotment shares | |
| 2023-09-28 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-08-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-08 | CH01 | officers | Change person director company with change date | |
| 2023-05-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-29 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-29 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-07 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2022-11-07 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.