TESCO PLC
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Next accounts due
2026-08-26 (in 3mo)
Last filed for 2025-02-26
Confirmation statement due
2026-07-02 (in 2mo)
Last made up 2025-06-18
Watchouts
None on the register
Cash
£2B
+2.3% vs 2024
Net assets
£12B
0% vs 2024
Employees
339,140
0% vs 2024
Profit before tax
£3B
+17.4% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-02-25
Latest accounts filed cover 2025-02-26; financial figures currently reflect up to 2025-02-25.
| Metric | Trend | 2024-02-24 | 2025-02-25 |
|---|---|---|---|
| Turnover | £68,187,000,000 | £69,918,000,000 | |
| Operating profit | £2,621,000,000 | £2,711,000,000 | |
| Profit before tax | £2,298,000,000 | £2,698,000,000 | |
| Net profit | £1,445,000,000 | £1,805,000,000 | |
| Cash | £2,180,000,000 | £2,230,000,000 | |
| Total assets less current liabilities | £24,388,000,000 | £23,905,000,000 | |
| Net assets | £11,671,000,000 | £11,666,000,000 | |
| Equity | £11,671,000,000 | £11,666,000,000 | |
| Average employees | 339,240 | 339,140 | |
| Wages | £6,999,000,000 | £7,473,000,000 | |
| Directors' remuneration | £19,900,000 | £16,800,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-02-25 vs 2024-02-24
-
Turnover
+2.5%
£68,187,000,000 £69,918,000,000
-
Cash
+2.3%
£2,180,000,000 £2,230,000,000
-
Net assets
0%
£11,671,000,000 £11,666,000,000
-
Employees
0%
339,240 339,140
-
Operating profit
+3.4%
£2,621,000,000 £2,711,000,000
-
Profit before tax
+17.4%
£2,298,000,000 £2,698,000,000
-
Wages
+6.8%
£6,999,000,000 £7,473,000,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Heads up: a more recent set of accounts has been filed but isn't yet reflected here — the figures above are older than the company's latest filing.
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-24 | 2025-02-25 |
|---|---|---|---|
| Operating margin | 3.8% | 3.9% | |
| Net margin | 2.1% | 2.6% | |
| Return on capital employed | 10.7% | 11.3% | |
| Gearing (liabilities / total assets) | 68.5% | 68.4% | |
| Current ratio | 0.52x | 0.53x | |
| Interest cover | 7.10x | 6.92x |
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 1 time since incorporation
- TESCO PLC 1983-08-25 → present
- TESCO STORES (HOLDINGS) PUBLIC LIMITED COMPANY 1947-11-27 → 1983-08-25
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- TESCO PLC · parent
- Tesco Stores Limited 100%
- Tesco Mobile Limited 100%
- Booker Limited 100%
- dunnhumby Germany GmbH 100%
Significant events
- “We also successfully completed the sale of our Banking operations to Barclays.”
- “In February 2024, we announced a new long-term strategic partnership to bring Tesco-branded financial products and services to Tesco customers through a wide range of offerings from Barclays.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 63 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR, Christopher Jon | Secretary | 2025-04-14 | — | — |
| BETHELL, Melissa | Director | 2018-09-24 | Sep 1974 | British |
| BODSON, Bertrand Jean Francois | Director | 2021-06-01 | Jun 1975 | Belgian |
| FAIRBAIRN, Carolyn Julie | Director | 2023-09-01 | Dec 1960 | British |
| GILLILAND, Stewart Charles | Director | 2018-03-05 | Feb 1957 | British |
| KENNEDY, Christopher John | Director | 2025-02-20 | Jan 1964 | British |
| MURPHY, Gerard Martin | Director | 2023-09-01 | Nov 1955 | British,Irish |
| MURPHY, Ken | Director | 2020-10-01 | Sep 1966 | Irish |
| NAWAZ, Imran | Director | 2021-05-01 | Sep 1973 | Luxembourger |
| SILVER, Caroline Louise | Director | 2022-10-01 | Dec 1962 | British |
| WHITWORTH, Karen Tracy | Director | 2021-06-18 | Aug 1969 | British |
Show 63 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AGER, Rowley Stuart | Secretary | — | 2004-03-15 |
| LENNARK, Darren Elliot | Secretary | 2016-07-01 | 2016-08-10 |
| LLOYD, Jonathan Mark | Secretary | 2006-12-14 | 2015-01-12 |
| LLOYD, Jonathan Mark | Secretary | 2005-07-18 | 2006-12-14 |
| MOORE, Paul Anthony | Secretary | 2015-01-12 | 2016-06-30 |
| NEVILLE-ROLFE, Lucy Jeanne, Ms. | Secretary | 2004-03-15 | 2006-12-14 |
| THOMSON, Sara | Secretary | 2024-12-17 | 2025-04-14 |
| WELCH, Robert John | Secretary | 2016-08-10 | 2024-12-17 |
| AGER, Rowley Stuart | Director | 1992-10-05 | 2004-02-27 |
| ALLAN, John Murray | Director | 2015-03-01 | 2023-06-16 |
| ALLEN, Charles Lamb | Director | 1999-02-19 | 2010-07-02 |
| ARMOUR, Mark Henry | Director | 2013-09-02 | 2021-06-25 |
| BENJAMIN, Victor Woolf | Director | — | 1996-06-07 |
| BRASHER, Richard William Peter | Director | 2004-03-15 | 2012-03-15 |
| BROADBENT, Richard John, Sir | Director | 2011-07-02 | 2015-03-01 |
| BULLOCK, Gareth Richard | Director | 2010-07-02 | 2015-03-05 |
| CESCAU, Patrick Jean Pierre | Director | 2009-02-01 | 2015-04-07 |
| CHAMBERS, Stuart John | Director | 2010-07-02 | 2015-06-26 |
| CHASE, Rodney Frank | Director | 2002-07-01 | 2010-07-02 |
| CLARKE, Philip Andrew | Director | 1998-11-16 | 2014-09-01 |
| COOK, Karen Rachel | Director | 2004-10-01 | 2013-02-23 |
| COUSINS, Richard John | Director | 2014-11-01 | 2017-01-03 |
| DARNELL, Michael | Director | — | 1994-05-20 |
| DAVIES, Evan Mervyn | Director | 2003-07-07 | 2008-10-31 |
| EINSMANN, Harald, Dr | Director | 1999-04-01 | 2010-07-02 |
| GARDINER, John Anthony | Director | — | 2004-04-02 |
| GARFIELD, Olivia | Director | 2013-04-01 | 2015-02-28 |
| GARNIER, Thierry Dominique Gerard | Director | 2021-04-30 | 2026-05-06 |
| GILDERSLEEVE, John | Director | — | 2004-02-27 |
| GOLSBY, Stephen William | Director | 2016-10-01 | 2022-06-17 |
| GROTE, Byron Elmer | Director | 2015-05-01 | 2024-06-14 |
| HANNA, Kenneth George | Director | 2009-04-01 | 2015-06-26 |
| HIGGINSON, Andrew Thomas | Director | 1997-11-17 | 2012-09-01 |
| HYDON, Kenneth John | Director | 2004-02-23 | 2013-02-23 |
| JAMES, Lesley | Director | 1995-02-06 | 1999-04-30 |
| JONES, Miah Gwynfor | Director | 1992-01-14 | 1998-06-11 |
| KREJSA, Francis Rudolph Nelson | Director | — | 1993-03-31 |
| LEAHY, Terence Patrick, Sir | Director | 1992-10-05 | 2011-03-02 |
| LEWIS, David John | Director | 2014-09-01 | 2020-09-30 |
| MACLAURIN, Ian Charter, Lord | Director | — | 1997-06-06 |
| MALPAS, Alfred David | Director | — | 1997-02-21 |
| MASON, Timothy John Rollit | Director | 1995-02-06 | 2012-12-06 |
| MCCALL, Carolyn Julia | Director | 2005-03-01 | 2008-04-10 |
| MCILWEE, Laurence Patrick | Director | 2009-01-27 | 2014-04-04 |
| MELBOURN, John William | Director | 1996-04-15 | 2002-06-14 |
| MORALI, Veronique | Director | 2000-09-18 | 2005-02-28 |
| NEVILLE-ROLFE, Lucy Jeanne, Ms. | Director | 2006-12-14 | 2013-01-02 |
| O'CATHAIN, Detta, Baroness | Director | — | 2000-06-15 |
| OLSSON, Anders Bertil Mikael | Director | 2014-11-01 | 2021-06-25 |
| OPPENHEIMER, Deanna Watson | Director | 2012-03-01 | 2021-06-25 |
| PADOVAN, John Mario Faskally | Director | — | 1994-05-20 |
| PATTERSON, Simon Iain | Director | 2016-04-01 | 2022-06-17 |
| PIMLOTT, Graham Fenwick | Director | 1993-03-01 | 2005-05-23 |
| PLATT, Elizabeth Alison | Director | 2016-04-01 | 2025-06-12 |
| POTTS, David Thomas | Director | 1998-11-16 | 2011-12-07 |
| POWNALL, Lindsey Jane | Director | 2016-04-01 | 2023-06-16 |
| REID, David Edward | Director | 2004-04-02 | 2011-11-30 |
| REID, David Edward | Director | — | 2003-12-31 |
| STEWART, Alan James | Director | 2014-09-23 | 2021-04-30 |
| TAMMENOMS BAKKER, Jacqueline Anne | Director | 2009-01-01 | 2015-02-28 |
| TUFFIN, Dennis Charles | Director | — | 1994-05-20 |
| WEMMS, John Michael | Director | — | 2000-06-15 |
| WILSON, Charles | Director | 2018-03-05 | 2018-07-16 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 8345 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-09 | SH03 | capital | Capital return purchase own shares | |
| 2026-03-09 | SH03 | capital | Capital return purchase own shares | |
| 2026-02-11 | SH03 | capital | Capital return purchase own shares | |
| 2026-02-11 | SH03 | capital | Capital return purchase own shares | |
| 2026-02-11 | SH03 | capital | Capital return purchase own shares | |
| 2026-02-05 | SH06 | capital | Capital cancellation shares | |
| 2026-02-05 | SH03 | capital | Capital return purchase own shares | |
| 2026-02-05 | SH03 | capital | Capital return purchase own shares | |
| 2026-01-22 | SH06 | capital | Capital cancellation shares | |
| 2026-01-08 | SH06 | capital | Capital cancellation shares | |
| 2026-01-08 | SH06 | capital | Capital cancellation shares | |
| 2026-01-08 | SH06 | capital | Capital cancellation shares | |
| 2026-01-06 | SH03 | capital | Capital return purchase own shares | |
| 2026-01-06 | SH03 | capital | Capital return purchase own shares | |
| 2026-01-06 | SH03 | capital | Capital return purchase own shares | |
| 2026-01-06 | SH03 | capital | Capital return purchase own shares | |
| 2025-12-24 | SH06 | capital | Capital cancellation shares | |
| 2025-12-12 | SH06 | capital | Capital cancellation shares | |
| 2025-12-03 | SH06 | capital | Capital cancellation shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 19
- Officers appointed
- 0
- Officers resigned
- 2
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.