OCU NORTHAVON GROUP LIMITED
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2026-07-06 (in 2mo)
Last made up 2025-06-22
Watchouts
None on the register
Cash
£682K
lowest in 4 filed years
Net assets
-£14M
Equity attributable
Employees
76
lowest in 4 filed years
Profit before tax
£766K
first positive since 2024
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-04-30
| Metric | Trend | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £31,432,645 | £49,814,497 | £63,348,335 | £28,526,454 | |
| Operating profit | — | — | — | £722,969 | £1,959,021 | -£17,315,703 | £777,938 | |
| Profit before tax | — | — | — | £733,133 | £1,535,078 | -£17,495,205 | £765,817 | |
| Net profit | — | — | — | £738,820 | £1,504,128 | -£16,931,024 | £411,809 | |
| Cash | — | — | — | £2,967,633 | £3,628,271 | £2,861,563 | £682,427 | |
| Total assets less current liabilities | — | — | — | £2,998,463 | £4,247,086 | -£14,600,574 | -£14,261,452 | |
| Net assets | — | — | — | £1,186,284 | £2,492,412 | -£14,674,438 | -£14,262,629 | |
| Equity | £204,640 | £524,847 | £645,464 | £1,186,284 | £2,492,412 | -£14,674,438 | -£14,262,629 | |
| Average employees | — | — | — | 153 | 193 | 182 | 76 | |
| Wages | — | — | — | £6,035,900 | £8,034,956 | £11,932,038 | £3,920,598 | |
| Directors' remuneration | — | — | — | £31,702 | £31,178 | £341,430 | — |
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 2025-04-30 vs 2024-04-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 2.3% | 3.9% | -27.3% | 2.7% | |
| Net margin | — | — | — | 2.4% | 3.0% | -26.7% | 1.4% | |
| Return on capital employed | — | — | — | 24.1% | 46.1% | 118.6% | -5.5% | |
| Current ratio | — | — | — | — | — | 0.51x | 0.61x | |
| Interest cover | — | — | — | 10.32x | 9.85x | -96.47x | 64.18x |
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 4 times since incorporation
- OCU NORTHAVON GROUP LIMITED 2023-05-22 → present
- NORTHAVON GROUP LIMITED 2018-01-31 → 2023-05-22
- NORTHAVON M&E LIMITED 2010-11-11 → 2018-01-31
- CONNECTIONS ELECTRICAL (WILTSHIRE) LIMITED 1990-07-31 → 2010-11-11
- B.C.S. (17) LIMITED 1990-06-27 → 1990-07-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Company is a member of the OCU consolidated group (the "Group") whose intermediate parent entity is Oat Topco Limited. The Company is under common management of the Group and benefits from Group support when needed. The Group has made operating profits and has generated cash from operations during the year ended 30 April 2025, and has continued to generate robust operating profits in the period to the approval of these financial statements. The Directors have assessed the principal risks facing the Group and determined that there are no material uncertainties to disclose.”
Group structure
- OCU NORTHAVON GROUP LIMITED · parent
- Hydrovein Limited 100%
- OCU Northavon Highways & Utilities Limited 100%
Significant events
- “On 7 November 2024, the Group successfully completed a refinancing process, replacing its previous borrowing facilities with term loans of £200m and €530m, a delayed draw term facility of £75m, a revolving credit facility of £150m and a guarantee facility of £80m.”
- “On 7 July 2025, the Group increased the sterling term loan by £17.8m and the delayed draw term loan facility by £6.7m along with a reduction in interest rates on the term loans of 50 basis points.”
- “On 2 October 2025 the guarantee facility was increased by £39.5m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORNWELL, Michael | Secretary | 2023-05-19 | — | — |
| HUGHES, Michael Blake | Director | 2023-05-19 | Nov 1968 | British |
| O'SULLIVAN, Denis Adrian | Director | 2023-05-19 | May 1972 | Irish |
| SNOWBALL, David Matthew | Director | 2023-05-19 | Feb 1980 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALDER, Androulla Maxine | Secretary | 2015-10-02 | 2016-09-02 |
| BELL, Mandy | Secretary | 1998-10-22 | 2008-01-01 |
| CLARKE, Philip Adrian | Secretary | 2010-10-19 | 2015-10-02 |
| TATE, Susan April | Secretary | 1997-07-18 | 1998-10-22 |
| WALL, Stacey | Secretary | 2008-01-01 | 2009-08-28 |
| WILLSHIRE, Jean | Secretary | — | 1997-07-18 |
| ALDER, David Mark | Director | 2014-02-01 | 2016-12-20 |
| BELL, Mandy | Director | 2001-10-11 | 2008-01-01 |
| CLANCY, Michael John | Director | 2023-05-19 | 2023-12-15 |
| CLARKE, Philip Adrian | Director | 2015-10-02 | 2017-07-21 |
| DAVIES, Gareth Huw | Director | 2023-05-19 | 2024-01-15 |
| HALFPENNY, Paul James | Director | 2016-07-29 | 2017-02-22 |
| HANSELL, Craig Robert | Director | 2010-10-19 | 2015-03-01 |
| MATTHEWS, David Mark | Director | 2016-07-29 | 2023-05-19 |
| MATTHEWS, Mark Peter | Director | 2016-07-29 | 2023-05-19 |
| SIMPSON, Ian Mcdonald, Earle | Director | 1998-11-24 | 2011-10-05 |
| TATE, Bryan | Director | — | 2008-01-01 |
| TATE, Susan April | Director | 1997-07-18 | 2001-10-31 |
| WILLSHIRE, Frederick Gordon | Director | — | 1997-07-18 |
| WILLSHIRE, Jean | Director | — | 1997-07-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ocu Utility Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-05-19 | Active |
| Mr Mark Peter Matthews | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-08-01 | Ceased 2023-05-19 |
| Mr David Mark Matthews | Individual | Shares 25–50% | 2016-08-01 | Ceased 2023-05-19 |
Filing timeline
Last 20 of 164 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-06-12 MA Memorandum articles
- 2023-06-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-02 | AA | accounts | Accounts with accounts type full | |
| 2025-09-26 | CH01 | officers | Change person director company with change date | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-24 | AA | accounts | Accounts with accounts type full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-13 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-06-12 | AA01 | accounts | Change account reference date company current extended | |
| 2023-06-12 | MA | incorporation | Memorandum articles | |
| 2023-06-12 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-09 | AA | accounts | Accounts with accounts type full | |
| 2023-06-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-06 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.