OCU UTILITY SERVICES LIMITED
Operating as part of OCU Group and formerly known as O'Connor Utilities, the company provides end-to-end infrastructure engineering and construction services across the UK's power, water, and telecommunications sectors.
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Cash
£26M
+117.1% vs 2024
Net assets
£54M
-4.9% vs 2024
Employees
631
+81.8% highest in 4 filed years
Profit before tax
-£2.9M
-122.9% lowest in 4 filed years
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-04-30
| Metric | Trend | 2021-04-30 | 2022-04-30 | 2024-04-30 | 2025-04-30 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £156,435,319 | £206,121,520 | £303,187,000 | £360,622,000 | +18.9% | |
| Operating profit | £15,545,937 | £26,882,391 | £12,927,000 | -£2,831,000 | -121.9% | |
| Profit before tax | £15,530,422 | £26,806,920 | £12,854,000 | -£2,941,000 | -122.9% | |
| Net profit | £13,016,274 | £21,852,024 | £9,238,000 | -£2,817,000 | -130.5% | |
| Cash | £15,993,421 | £27,728,254 | £12,088,000 | £26,244,000 | +117.1% | |
| Total assets less current liabilities | £48,208,905 | £70,210,929 | £57,434,000 | £54,926,000 | -4.4% | |
| Net assets | £48,208,905 | £70,060,929 | £56,984,000 | £54,167,000 | -4.9% | |
| Equity | £48,208,905 | £70,060,929 | £56,984,000 | £54,167,000 | -4.9% | |
| Average employees | 180 | 217 | 347 | 631 | +81.8% | |
| Wages | £5,875,961 | £8,875,112 | £15,834,000 | £29,222,000 | +84.6% | |
| Directors' remuneration | £775,641 | £992,167 | £1,313,000 | £930,000 | -29.2% |
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 | 2021-04-30 | 2022-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|
| Operating margin | 9.9% | 13.0% | 4.3% | -0.8% | |
| Net margin | 8.3% | 10.6% | 3.0% | -0.8% | |
| Return on capital employed | 32.2% | 38.3% | 22.5% | -5.2% | |
| Current ratio | — | — | 1.28x | 0.96x | |
| Interest cover | — | — | 77.41x | -12.15x |
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 2 times since incorporation
- OCU UTILITY SERVICES LIMITED 2023-01-04 → present
- O'CONNOR UTILITIES LIMITED 1998-04-23 → 2023-01-04
- O CONNOR CABLE SERVICES LIMITED 1994-04-08 → 1998-04-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit 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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- OCU UTILITY SERVICES LIMITED · parent
- Artemis Fibre Limited 100%
- Carmar Ltd 100%
- F.K.S (UK) Limited 100%
- InICT Ltd 100%
- Multivein Limited 100%
- OCU Northavon Group Limited 100%
- OCU Northavon Holdings Limited 100%
- OCU Northavon Water Services Limited 100%
- Hydrovein Limited 100%
- OCU Northavon Highways & Utilities Limited 100%
- OCU Northavon Infrastrucure & Utilities Limited 100%
- OCU Northavon Renewable Energy Limited 100%
- OCU Northavon Water Solutions Limited 100%
- Peter McCormack & Sons Limited 100%
- Purestream Process Solutions Limited (formerly Setfords Technology Ltd) 100%
Significant events
- “On 6 November 2025, the Company acquired 100% of the share capital of Valmech Welding Limited. Valmech Welding Limited is a specialist in all aspects of mechanical services including district heating installations, plant rooms, heating and domestic pipework services and gas pipework, providing services across the UK.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORNWELL, Michael | Secretary | 2024-07-01 | — | — |
| ALDERTON, Paul Martin | Director | 2023-08-23 | May 1967 | British |
| CORRIE, Christopher Frederick George | Director | 2024-01-15 | Apr 1984 | British |
| HUGHES, Michael Blake | Director | 2022-08-04 | Nov 1968 | British |
| LYE, Richard Donald | Director | 2022-08-04 | Oct 1978 | British |
| MCNULTY, Michael Joseph | Director | 2019-06-01 | Jun 1966 | British |
| O'SULLIVAN, Denis Adrian | Director | 2019-06-01 | May 1972 | Irish |
| SNOWBALL, David Matthew | Director | 2022-10-06 | Feb 1980 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| O CONNOR, Sally | Secretary | 1994-04-08 | 2010-10-03 |
| O'CONNOR, Breda | Secretary | 2015-05-01 | 2024-07-01 |
| FIRST SECRETARIES LIMITED | Corporate Nominee Secretary | 1994-04-08 | 1994-04-08 |
| BOWLER, Vincent Stephen | Director | 2022-08-04 | 2024-11-01 |
| FLITCROFT, Peter Joseph | Director | 2019-06-01 | 2023-12-31 |
| MORAN, Lisa Jane | Director | 2015-05-01 | 2022-08-04 |
| O'CONNOR, Thomas Joseph | Director | 1996-07-12 | 2022-08-04 |
| O'CONNOR, Timothy Gerard | Director | 1994-04-08 | 2022-08-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ocu Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 147 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-04 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-19 | AA | accounts | Accounts with accounts type full | |
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-26 | CH01 | officers | Change person director company with change date | |
| 2025-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-31 | AA | accounts | Accounts with accounts type full | |
| 2025-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-02-07 | AA | accounts | Accounts with accounts type full | |
| 2024-01-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-12-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-31 | AA | accounts | Accounts with accounts type full | |
| 2023-01-04 | CERTNM | change-of-name | Certificate change of name company |
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.