MEYGEN PLC
Get an alert when MEYGEN PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£2.1M
+49.4% vs 2024
Net assets
-£38M
-28.4% lowest in 6 filed years
Employees
4
+33.3% highest in 6 filed years
Profit before tax
-£8.4M
+58.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to note 3.1 in the financial statements, which indicates that the Company is currently in default on loan agreements with Scottish Enterprise and Crown Estate Scotland, though discussions for new agreements are ongoing. Additionally, the success of the Company's tidal energy operations depends on their ongoing reliability, and any significant failures could necessitate a need for further financial support from key stakeholders.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £4,513,197 | £4,252,646 | £5,358,999 | +26% | |
| Operating profit | — | — | — | -£4,010,091 | -£16,203,266 | -£4,323,023 | +73.3% | |
| Profit before tax | -£2,215,671 | -£5,548,871 | -£5,952,728 | -£7,311,444 | -£20,413,192 | -£8,417,323 | +58.8% | |
| Net profit | -£2,215,670 | -£5,548,870 | -£5,952,728 | -£7,311,444 | -£20,413,192 | -£8,417,323 | +58.8% | |
| Cash | £2,134,924 | £1,007,780 | £1,534,015 | £890,914 | £1,384,519 | £2,069,163 | +49.4% | |
| Total assets less current liabilities | — | — | — | £26,066,903 | £6,507,673 | — | — | |
| Net assets | £9,561,646 | £4,012,776 | -£1,939,952 | -£9,251,120 | -£29,664,312 | -£38,081,635 | -28.4% | |
| Equity | £28,684,940 | £12,038,329 | -£5,819,580 | -£27,753,360 | — | £0 | — | |
| Average employees | 0 | 0 | 0 | 3 | 3 | 4 | +33.3% | |
| Wages | — | — | — | — | — | — | — | |
| 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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -88.9% | — | -80.7% | |
| Net margin | — | — | — | -162.0% | — | -157.1% | |
| Return on capital employed | — | — | — | -15.4% | -249.0% | — | |
| Gearing (liabilities / total assets) | 80.1% | 90.9% | 104.3% | 122.8% | 224.6% | 281.4% | |
| Current ratio | — | — | — | 0.23x | 0.20x | 0.19x | |
| Interest cover | — | — | — | -1.20x | -3.81x | -1.04x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- MEYGEN PLC 2019-06-14 → present
- MEYGEN LIMITED 2010-05-25 → 2019-06-14
- YORK PLACE (NO.503) LIMITED 2008-08-22 → 2010-05-25
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Kreston Reeves Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 3.1 in the financial statements, which indicates that the Company is currently in default on loan agreements with Scottish Enterprise and Crown Estate Scotland, though discussions for new agreements are ongoing. Additionally, the success of the Company's tidal energy operations depends on their ongoing reliability, and any significant failures could necessitate a need for further financial support from key stakeholders.”
Group structure
- MEYGEN PLC · parent
- Meygrid Limited 50%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CLS (UK) LIMITED | Corporate Secretary | 2020-04-30 | — | — |
| HIRST, Simon Matthew | Director | 2021-03-25 | Oct 1967 | British |
| MONAGHAN, Brian Francis | Director | 2024-07-03 | Apr 1968 | British |
| REID, Graham Matthew | Director | 2021-03-25 | Jan 1962 | British |
| TAAFFE, David Gerard | Director | 2021-03-25 | Nov 1980 | Irish |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AMICORP (UK) SECRETARIES LIMITED | Corporate Secretary | 2009-02-02 | 2015-08-17 |
| LINK COMPANY MATTERS LIMITED | Corporate Secretary | 2015-08-17 | 2020-04-30 |
| MORTON FRASER SECRETARIES LIMITED | Corporate Secretary | 2008-08-22 | 2009-02-18 |
| BLACK, Duncan Stuart | Director | 2014-02-12 | 2015-09-08 |
| CORNELIUS, Timothy James | Director | 2014-02-12 | 2021-03-22 |
| EVANS, Paul William | Director | 2010-12-07 | 2013-10-31 |
| FORBES, James Alexander | Director | 2010-11-05 | 2013-10-31 |
| MANLEY, Kim | Director | 2010-01-13 | 2014-02-12 |
| METCALFE, Edward, Dr | Director | 2010-10-21 | 2010-12-07 |
| MORGAN, David Howard | Director | 2010-12-10 | 2013-10-31 |
| RANKIN, Charles | Director | 2010-10-21 | 2013-10-31 |
| SMITH, Michael Timothy | Director | 2008-10-23 | 2010-01-13 |
| USHER, Richard Ian | Director | 2010-10-21 | 2010-12-10 |
| WARDEN, Clive John | Director | 2010-10-21 | 2013-10-31 |
| WIGGINS, Francisca Jane | Director | 2014-07-09 | 2021-03-22 |
| WILSON, James Lamb | Director | 2015-03-11 | 2023-06-30 |
| WOODLEY, John Anthony Clifford | Director | 2013-10-31 | 2014-02-12 |
| WOODLEY, John Anthony Clifford | Director | 2010-01-13 | 2010-10-21 |
| MORTON FRASER DIRECTORS LIMITED | Corporate Director | 2008-08-22 | 2008-10-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Meygen Holdings Limited | Corporate entity | Voting 75–100%, Appoints directors | 2016-04-06 | Active |
| Hsbc Corporate Trustee Company (Uk) Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 151 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type full | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-17 | CH01 | officers | Change person director company with change date | |
| 2025-09-19 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-06-30 | AA | accounts | Accounts with accounts type full | |
| 2024-12-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-11-29 | CH01 | officers | Change person director company with change date | |
| 2024-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-05-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-28 | AA | accounts | Accounts with accounts type full | |
| 2023-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-06 | AA | accounts | Accounts with accounts type full | |
| 2022-05-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-04-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-04-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-04-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
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.