M GROUP ENERGY (NETWORK INFRASTRUCTURE) LIMITED
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Cash
£26m
+192.8% highest in 3 filed years
Net assets
£30m
-7.7% vs 2025
Employees
590
+39.8% highest in 3 filed years
Profit before tax
£23m
+53.1% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £103,651,000 | £134,970,000 | £253,006,000 | +87.5% | |
| Operating profit | £10,419,000 | £13,876,000 | £22,063,000 | +59% | |
| Profit before tax | £10,687,000 | £14,909,000 | £22,830,000 | +53.1% | |
| Net profit | £7,944,000 | £10,905,000 | £16,484,000 | +51.2% | |
| Cash | £16,112,000 | £8,894,000 | £26,045,000 | +192.8% | |
| Total assets less current liabilities | £23,478,000 | £35,267,000 | £32,242,000 | -8.6% | |
| Net assets | £21,492,000 | £32,400,000 | £29,897,000 | -7.7% | |
| Equity | £21,492,000 | £32,400,000 | £29,897,000 | -7.7% | |
| Average employees | 334 | 422 | 590 | +39.8% | |
| Wages | £26,166,000 | £38,251,000 | £54,707,000 | +43% | |
| Directors' remuneration | £324,000 | £597,000 | £327,000 | -45.2% | |
| Directors' pension contributions | £27,000 | £28,000 | £31,000 | +10.7% | |
| Highest paid director | £324,000 | £597,000 | £327,000 | -45.2% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 10.1% | 10.3% | 8.7% | |
| Net margin | 7.7% | 8.1% | 6.5% | |
| Return on capital employed | 44.4% | 39.3% | 68.4% | |
| Gearing (liabilities / total assets) | 60.5% | 60.5% | 76.2% | |
| Current ratio | 1.53x | 1.56x | 1.22x |
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 11 times since incorporation — the current trading name was adopted 2025-04-01
- M GROUP ENERGY (NETWORK INFRASTRUCTURE) LIMITED 2025-04-01 → present
- MORRISON ENERGY SERVICES (TRANSMISSION NETWORKS) LIMITED 2021-12-24 → 2025-04-01
- BABCOCK NETWORKS LIMITED 2006-10-02 → 2021-12-24
- EVE GROUP LIMITED 2006-09-28 → 2006-10-02
- EVE GROUP LIMITED 2004-09-17 → 2006-09-28
- BABCOCK NETWORKS LIMITED 2004-09-17 → 2006-09-28
- CERTAS PLC 2002-10-07 → 2004-09-17
- CERTAS LIMITED 2002-10-03 → 2002-10-07
- CERTAS PLC 2002-01-02 → 2002-10-03
- EVE GROUP PLC 1988-04-02 → 2002-01-02
- EVE CONSTRUCTION PLC 1981-12-31 → 1988-04-02
- J.L.EVE CONSTRUCTION COMPANY LIMITED 1930-02-08 → 1981-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has access, if needed, to funding from its ultimate holding company M Group Limited, which has confirmed its intention to support the business for a period of at least twelve months from the date of approval of the financial statements. The Directors have undertaken the going concern assessment for the Group for a minimum of 12 months from the date of signing these financial statements... the financial statements have been prepared on the going concern basis.”
Significant events
- “Following an internal reorganisation within the Group, a number of customer contracts, primarily relating to the Electricity Distribution and Renewable Connections business, were transferred from M Group Energy (Infrastructure) Limited into the Company. This follows the transfer of the Substations business into the Company during the year (note 10).”
- “Subsequent to the end of the year, on 1 April 2026 a number of customer contracts, primarily relating to the Electricity Distribution and Renewable Connections business, were transferred from M Group Energy (Infrastructure) Limited into the Company. This follows the transfer of the Substations business into the Company during the year (note 10).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 52 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BADEL, Alexandra Nelia | Secretary | 2023-11-20 | — | — |
| MORRILL, Ben Nicholas | Secretary | 2023-11-20 | — | — |
| BEST, Simon | Director | 2021-12-23 | Mar 1976 | British |
| DOWN, Christopher Graham | Director | 2026-04-01 | Dec 1984 | British |
| FINDLAY, Andrew Robert | Director | 2021-12-23 | Oct 1969 | British |
| HUGHES, Gary Michael | Director | 2026-04-01 | Aug 1986 | British |
| KEEN, Christian | Director | 2022-09-15 | Mar 1964 | British |
| KHAIRA, Parminder Singh | Director | 2023-09-12 | Jul 1977 | British |
| LOOSVELD, Alain Hubertus Philomena | Director | 2022-09-15 | Jun 1968 | Dutch |
| MADDOCKS, David Graham | Director | 2019-10-11 | Dec 1964 | British |
| YARR, Jonathan | Director | 2023-06-26 | Jan 1980 | Northern Irish |
Show 52 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BILLIALD, Stanley Alan Royall | Secretary | 2004-10-04 | 2009-07-01 |
| BORRETT, Nicholas James William | Secretary | 2012-07-27 | 2013-02-25 |
| COOPER, William James | Secretary | 2021-12-23 | 2022-09-15 |
| EVANS, Ilaria | Secretary | 2022-09-15 | 2023-11-20 |
| TELLER, Valerie Francine Anne | Secretary | 2009-07-01 | 2012-07-27 |
| WOOLLHEAD, John Andrew | Secretary | — | 2004-12-23 |
| BABCOCK CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2013-02-25 | 2021-12-23 |
| ADAMS, Peter Charles | Director | 1994-04-01 | 1996-08-08 |
| AMES, Roger George | Director | — | 1997-03-31 |
| ARNOLD, James Michael | Director | 2021-12-23 | 2023-01-01 |
| BEST, David Martin | Director | 2000-04-06 | 2003-03-31 |
| BILLIALD, Stanley Alan Royall | Director | 2005-02-18 | 2007-05-23 |
| BRAMWELL, David Matthew | Director | 2000-04-06 | 2002-03-31 |
| BROOKS, Sally Fiona | Director | 2018-08-01 | 2019-05-15 |
| BROWN, Lindsay Holmes | Director | 2013-08-28 | 2018-08-01 |
| COCLIFF, Stephen Jeffrey | Director | 2002-09-01 | 2004-01-31 |
| CORLEY, Peter Francis | Director | 1993-07-14 | 2000-03-01 |
| DAVIES, John Richard | Director | 2015-12-01 | 2021-06-28 |
| ESBACH, Pieter | Director | 2015-07-27 | 2019-05-15 |
| FAREBROTHER, Michael John | Director | 1998-08-01 | 2000-01-06 |
| FORBES, Robert | Director | 2014-12-10 | 2019-05-15 |
| FOSTER, Graham Stuart | Director | — | 1999-03-31 |
| HAYWARD, Matthew | Director | 2020-08-03 | 2021-12-23 |
| HOUGH, Gerald Malcolm | Director | — | 1994-06-30 |
| IRVINE, Angus John Giffard | Director | — | 1997-09-30 |
| JACKSON, David James | Director | 2000-04-06 | 2004-06-16 |
| KERSS, William | Director | 1997-04-01 | 1997-12-18 |
| KING, Anthony John | Director | — | 1997-03-31 |
| LEEMING, Graham David | Director | 2010-10-14 | 2016-07-01 |
| LEWIS, Austin Spencer | Director | 2010-10-14 | 2013-08-28 |
| MARTINELLI, Franco | Director | 2005-05-11 | 2016-09-13 |
| MCGRATH, John | Director | 2011-03-29 | 2013-08-28 |
| MCKINNELL, Nigel Alistair | Director | 2002-01-02 | 2003-08-15 |
| NEALL, Richard William | Director | 2002-01-02 | 2002-09-27 |
| O'KANE, John Peter | Director | 2003-09-30 | 2004-07-31 |
| ORPEN, James Gareth | Director | — | 1996-07-24 |
| PERRY, John Patrick | Director | — | 1994-03-31 |
| RABBITT, James Michael | Director | — | 1997-04-24 |
| REID, Graham Matthew, Mr. | Director | 2002-01-02 | 2003-09-30 |
| ROBERTSON, Alan Robert | Director | 1998-02-12 | 2005-05-14 |
| ROGERS, Peter Lloyd | Director | 2004-06-16 | 2016-08-31 |
| SMITH, Duncan | Director | 2021-12-23 | 2023-09-12 |
| TAME, William | Director | 2004-06-16 | 2014-12-17 |
| TAYLOR, Richard Hewitt | Director | 2016-07-01 | 2021-10-31 |
| THOMAS, Kevin Richard | Director | 2011-03-29 | 2015-11-02 |
| URQUHART, Iain Stuart | Director | 2014-12-17 | 2021-12-23 |
| WEST, Steven | Director | 2019-05-15 | 2019-10-11 |
| WHILEY, Robert Frank | Director | 2013-08-28 | 2015-07-27 |
| WHILEY, Robert Frank | Director | 2002-01-02 | 2010-10-14 |
| WHITE, Samuel Michael | Director | 2019-05-15 | 2020-08-03 |
| WIGG, Christopher Graham | Director | 1997-02-03 | 2000-08-11 |
| WINNICOTT, James Robert | Director | 2021-12-23 | 2023-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| M Group Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-23 | Active |
| Babcock Support Services (Investments) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2021-12-23 |
Filing timeline
Last 20 of 359 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-01 CERTNM Certificate change of name company PDF
- 2024-03-12 MA Memorandum articles
- 2024-03-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-20 | AA | accounts | Accounts with accounts type full | |
| 2026-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-31 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-15 | CH01 | officers | Change person director company with change date | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-03-26 | CH01 | officers | Change person director company with change date | |
| 2024-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2024-03-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-12 | MA | incorporation | Memorandum articles | |
| 2024-03-12 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-20 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- 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.