MORSON PROJECTS LIMITED
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Cash
£615k
+53.4% highest in 3 filed years
Net assets
£28m
+17.3% highest in 3 filed years
Employees
437
+1.9% highest in 3 filed years
Profit before tax
£9.5m
-10.5% vs 2024
Watch the reel
Our short-form breakdown of MORSON PROJECTS LIMITED's latest filing
A look at the numbers behind Morson Projects, the engineering consultancy arm of the Morson Group. Steady profits and a surge in grid modernisation work. ⚡️
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £87,846,000 | £102,936,000 | £98,298,000 | -4.5% | |
| Operating profit | £6,603,000 | £9,801,000 | £9,843,000 | +0.4% | |
| Profit before tax | £7,231,000 | £10,576,000 | £9,462,000 | -10.5% | |
| Net profit | £5,526,000 | £7,915,000 | £7,074,000 | -10.6% | |
| Cash | £252,000 | £401,000 | £615,000 | +53.4% | |
| Total assets less current liabilities | £17,998,000 | £25,869,000 | £29,976,000 | +15.9% | |
| Net assets | £15,678,000 | £23,593,000 | £27,667,000 | +17.3% | |
| Equity | £15,678,000 | £23,593,000 | £27,667,000 | +17.3% | |
| Average employees | 369 | 429 | 437 | +1.9% | |
| Wages | £19,398,000 | £25,816,000 | £26,250,000 | +1.7% | |
| Directors' remuneration | — | — | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 7.5% | 9.5% | 10.0% | |
| Net margin | 6.3% | 7.7% | 7.2% | |
| Return on capital employed | 36.7% | 37.9% | 32.8% | |
| Gearing (liabilities / total assets) | 53.9% | 42.9% | 46.6% | |
| Current ratio | 1.78x | 2.33x | 2.17x | |
| Interest cover | 19.03x | 32.35x | 25.83x |
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
- MORSON PROJECTS LIMITED 1983-10-13 → present
- J. MORSON (PROJECTS) COMPANY LIMITED 1979-10-26 → 1983-10-13
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered these risks and based on the Company's own financial resources and operating cash generation, the Directors are satisfied that no material uncertainties exist that would cast significant doubt on the Company's ability to continue as a going concern”
Group structure
- MORSON PROJECTS LIMITED · parent
- Morson Projects SRL 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAIR, Adrian Wilson | Director | 2019-01-01 | Jan 1980 | British |
| DRAPER, Abigail Sarah | Director | 2025-11-01 | Nov 1970 | British |
| MASON, Gerard Anthony | Director | 1998-03-29 | Jan 1964 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GILMOUR, Paul John | Secretary | 1992-04-01 | 2025-12-31 |
| RITCHIE, Alistair John | Secretary | — | 1992-03-31 |
| GILMOUR, Paul John | Director | 2006-01-01 | 2025-12-31 |
| GORTON, Kevin Patrick | Director | 2006-01-01 | 2021-12-15 |
| GUNNER, Alan Douglas | Director | — | 1992-05-31 |
| JOHNSON, Roy | Director | — | 2004-09-30 |
| MASON, Gerard Anthony | Director | — | 1992-08-20 |
| MASON, Gerrard Godfrey | Director | 1998-03-29 | 1999-10-15 |
| MASON, Gerrard Godfrey | Director | — | 1992-08-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gerard Anthony Mason | Individual | Significant influence | 2016-04-06 | Ceased 2024-02-02 |
| Morson Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 175 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-02-01 MA Memorandum articles
- 2023-02-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 2026-03-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-29 | AA | accounts | Accounts with accounts type full | |
| 2025-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-17 | AA | accounts | Accounts with accounts type full | |
| 2024-02-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-25 | AA | accounts | Accounts with accounts type full | |
| 2023-02-01 | MA | incorporation | Memorandum articles | |
| 2023-02-01 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-04 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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.