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Temporary employment agency activities · Newcastle Upon Tyne

Mtrec

Mtrec Limited

Staff down 12%ActiveLatest figures: 2025Company only20 years on the register

Private limited company registered in Newcastle Upon Tyne, classed under “Temporary employment agency activities”.

Headline figures

FY to Mar 2025 · Company only

Turnover

For subscribers

Profit after tax

£530k

Net assets

For subscribers

Cash

For subscribers

Employees

For subscribers

Retained reserves

For subscribers

What the numbers say

4 findings from the figures, in plain English

Written by rules from the figures on this page. Not a forecast or a credit opinion.

History

Pro
£20212022202320242025
Profit after tax£530k
Turnover
Net assets
Cash
Employees
Retained reserves
Dividends paid

Every figure for all 5 years

“—” means we did not find the figure in a source; it is never filled with an estimate.

Balance sheet and ratios

From the filed balance sheets · £

Balance sheet2022202320242025
Current assets
of which debtors
of which cash
Creditors due within a year
Net current assets
Net assets
Ratios
Profit marginProfit after tax as a share of turnover
Return on equityProfit after tax as a share of net assets
Dividends to profitDividends paid as a share of profit after tax, in a year with a profit
Current ratioCurrent assets for every £1 owed within a year
Cash ratioCash for every £1 owed within a year
Creditors to assetsEverything owed to creditors as a share of fixed plus current assets
Turnover per employeeTurnover divided by average staff
Debtor daysDays of turnover owed by customers at the year end

6 balance-sheet lines and 8 ratios, every year

A ratio appears only for years where every line it needs was filed. Lines are as tagged in the accounts; nothing is added up or estimated.

Timeline

Checked 2026-10-19

  1. Shares
    Statement of capital on 20 November 2025 · GBP 111.532203 (and 3 more like it since 24 November 2021)
  2. Accounts
    Full accounts made up to 30 March 2025
  3. Accounts
    Full accounts made up to 31 March 2024
  4. Charges
    Registration of charge 057422970004, created on 26 February 2024
  5. Accounts
    Full accounts made up to 26 March 2023
  6. Accounts
    Full accounts made up to 27 March 2022
  7. Filing
    Resolutions (and 11 more like it since 15 September 2016)
  8. Shares
    Particulars of variation of rights attached to shares (and 2 more like it since 14 September 2016)
  9. Filing
    Memorandum and Articles of Association (and 1 more like it since 9 August 2021)
  10. Ownership
    Change of details for Benext-Yumeshin Group Co. as a person with significant control on 1 January 2023
  11. Accounts
    Previous accounting period shortened from 31 March 2022 to 30 March 2022
  12. Shares
    Second filing of a statement of capital following an allotment of shares on 6 December 2021 · GBP 218.480633
  13. 26 earlier
    1. Shares
      Sub-division of shares on 6 December 2021 (and 1 more like it since 13 December 2021)
    2. Ownership
      Change of details for Mr David Musgrave as a person with significant control on 20 April 2022
    3. Directors
      Director's details changed for Mr David Musgrave on 20 April 2022
    4. Ownership
      Notification of James Stephen Doyle as a person with significant control on 6 December 2021
    5. Ownership
      Change of details for Mr David Musgrave as a person with significant control on 6 December 2021
    6. Shares
      Statement of capital following an allotment of shares on 6 December 2021 · GBP 218.480933 (and 3 more like it since 16 September 2016)
    7. Accounts
      Total exemption full accounts made up to 28 March 2021
    8. Shares
      Cancellation of shares. Statement of capital on 3 August 2021 · GBP 221.1941 (and 2 more like it since 15 July 2019)
    9. Shares
      Purchase of own shares (and 2 more like it since 15 July 2019)
    10. Charges
      Registration of charge 057422970003, created on 30 July 2021
    11. Ownership
      Change of details for Mr David Musgrave as a person with significant control on 1 August 2021 (and 1 more like it since 11 August 2021)
    12. Directors
      Director's details changed for Mr David Musgrave on 1 August 2021 (and 1 more like it since 9 August 2021)
    13. Directors
      Termination of appointment of Yutaka Nishida as a director on 4 August 2021
    14. Directors
      Termination of appointment of Yuichi Kamata as a director on 4 August 2021
    15. Ownership
      Change of details for Mr David Musgrave as a person with significant control on 3 August 2021
    16. Ownership
      Change of details for Benext Group Inc as a person with significant control on 3 August 2021
    17. Shares
      Statement of capital on 30 July 2021 · GBP 2,212,061
    18. Shares
      Statement by Directors
    19. Notice
      Solvency Statement dated 30/07/21
    20. Accounts
      Full accounts made up to 29 March 2020
    21. Ownership
      Second filing for the notification of Trust Tech Inc as a person with significant control
    22. Ownership
      Second filing for the notification of Mr Robin Armstrong as a person with significant control
    23. Ownership
      Cessation of Robin Armstrong as a person with significant control on 30 August 2016
    24. Ownership
      Notification of Robin Armstrong as a person with significant control on 6 April 2016
    25. Ownership
      Change of details for Trust Tech Inc as a person with significant control on 1 January 2020
    26. Accounts
      Full accounts made up to 31 March 2019

From the Companies House filing history. Routine confirmation statements are left out, and a run of the same filing is shown once.

Questions people ask

›What does Mtrec do?

Private limited company registered in Newcastle Upon Tyne, classed under “Temporary employment agency activities”.

›How much turnover does Mtrec make?

Answered in the full report

›Is Mtrec profitable?

Yes: it made a profit after tax of £530k in the year to 30 March 2025, its latest filed accounts.

›How many people work at Mtrec?

Answered in the full report

›Who runs and owns Mtrec?

Answered in the full report

›Where is Mtrec based?

Its registered office is Mtrec House, 8 Market Lane, Newcastle Upon Tyne, NE1 6QQ, in Newcastle Upon Tyne.

›When was Mtrec founded?

Mtrec Limited was incorporated on 14 March 2006.

›Is Mtrec still trading?

The register lists Mtrec Limited as active.