Website & contact details
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Mtrec Limited
- Incorporated
- 14 March 2006 (20 years)
- Industry
- Temporary employment agency activities (78200)
- Directors
- David Musgrave
- Owned by
- Open Up Group Inc.
- Accounts type
- Full
- Region
- North East
- Address
- Mtrec House8 Market LaneNewcastle Upon TyneNE1 6QQ
Filing status
- Accounts due
- 30 December 2027
- Last accounts
- 29 March 2026
- Conf. stmt due
- 27 March 2027
- Last conf. stmt
- 13 March 2026
Charges
- Total
- 4
- Outstanding
- 2
- Part satisfied
- 0
- Satisfied
- 2
Officers 1 active
Officer details are public data from the Companies House register.
Musgrave, David
Director · Appointed 1 September 2007
British
Born March 1969 (57)
Officer history (10 former)
4 August 2021
4 August 2021
30 August 2016
30 August 2016
30 August 2016
31 March 2011
Resigned Monk, Owen Robert as Secretary
31 March 2011
Resigned Monk, Owen Robert as Director
14 March 2011
Resigned Doyle, James as Director
1 March 2010
Resigned Thorpe, Andrew Simon as Director
1 September 2007
Appointed Thorpe, Andrew Simon as Director
1 September 2007
Appointed Musgrave, David as Director
1 July 2006
Resigned Cuff, David as Secretary
19 June 2006
Appointed Monk, Owen Robert as Secretary
19 June 2006
Appointed Monk, Owen Robert as Director
19 June 2006
Appointed Doyle, James as Director
1 April 2006
Appointed Cuff, David as Secretary
1 April 2006
15 March 2006
15 March 2006
14 March 2006
14 March 2006
Ownership 5 active
People and entities with significant control, from the Companies House PSC register
James Stephen Doyle
Individual · Notified 6 December 2021
Holds 25–50% of voting rights
British
Born September 1973 (53)
Japanese
Born March 1963 (63)
Japanese
Born November 1970
Open Up Group Inc.
Corporate entity · Notified 30 August 2016
Owns 75–100% of shares
Right to appoint and remove directors
Limited Company
Reg. no. 0104-01-078571
David Musgrave
Individual · Notified 6 April 2016
Holds 50–75% of voting rights
British
Born March 1969 (57)
Former controllers (1)
30 August 2016
Financials
Figures from 2025 accounts. Newer accounts, made up to 29 March 2026, are filed but not read yet. See them on Companies House
- Net Assets
- £2,735,285
- Cash
- £1,414,936
- Profit Before Tax
- £757,753
- Debt Ratio
- 59%
- Current Ratio
- 2.4x
- Return on Equity
- 19%
Trend
Net Assets
Balance sheet detail
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Fixed Assets | £637,831 | £645,980 | £655,578 | £676,812 |
| Current Assets | £6,025,535 | £6,560,425 | £7,890,124 | £6,869,429 |
| Debtors | £4,610,599 | £5,086,552 | £4,187,059 | |
| Cash | £1,414,936 | £1,880,565 | £2,803,572 | £2,682,370 |
| Creditors (< 1 year) | £2,498,271 | £4,392,885 | £4,936,687 | £4,603,309 |
| Creditors (> 1 year) | £1,428,083 | £258,195 | £2,436,765 | £2,617,677 |
| Net Current Assets | £3,527,264 | £2,167,540 | £2,953,437 | £2,266,120 |
| Net Assets | £2,735,285 | £2,555,325 | £291,082 | (£1,271,657) |
| Shareholder Funds | £2,735,285 | £2,555,325 | £291,082 | (£1,271,657) |
| Turnover | £22,263,877 | £24,600,307 | ||
| Cost of Sales | £22,478,084 | £18,047,211 | £21,155,327 | |
| Gross Profit | £4,216,666 | £3,444,980 | ||
| Admin Expenses | £3,829,563 | £3,695,715 | £3,369,836 | £3,060,264 |
| Staff Costs | £5,602,936 | £7,637,145 | ||
| Operating Profit | £1,920,562 | £386,827 | ||
| Profit Before Tax | £757,753 | £998,601 | £1,839,588 | £313,786 |
| Tax | £227,793 | £281,882 | £276,849 | £126,417 |
| Profit for Period | £529,960 | £716,719 | £1,562,739 | £187,369 |
Filings
Recent filings only. See the full history on Companies House
| Date | Description | Made Up To | Pages | |
|---|---|---|---|---|
| 23 October 2026 | Full accounts | 29 March 2026 | ||
| 18 March 2026 | Confirmation statement with updates | 13 March 2026 | ||
| 24 November 2025 | Statement of capital | |||
| 24 October 2025 | Full accounts | 30 March 2025 | ||
| 24 March 2025 | Confirmation statement with updates | 13 March 2025 |
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