TESCO DISTRIBUTION LIMITED
Operating as the road freight transport subsidiary of the London Stock Exchange-listed supermarket group Tesco plc, the company manages distribution and logistics operations for the retailer.
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Cash
£30M
Latest balance sheet
Net assets
£474M
Equity attributable
Employees
17,727
Average over period
Profit before tax
£121M
Period ending 2025-02-22
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-06-21.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-02-22
| Metric | Trend | 2024-02-24 | 2025-02-22 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £2,344,088,000 | £2,374,982,000 | — | |
| Operating profit | £162,239,000 | £151,273,000 | — | |
| Profit before tax | £131,359,000 | £120,673,000 | — | |
| Net profit | £114,584,000 | £91,805,000 | — | |
| Cash | £11,792,000 | £29,773,000 | — | |
| Total assets less current liabilities | £1,128,579,000 | £1,251,341,000 | — | |
| Net assets | £441,621,000 | £474,445,000 | — | |
| Equity | £441,621,000 | £474,445,000 | — | |
| Average employees | 17,300 | 17,727 | — | |
| Wages | £950,120,000 | £957,384,000 | — | |
| Directors' remuneration | £2,084,000 | £2,633,000 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-24 | 2025-02-22 |
|---|---|---|---|
| Operating margin | 6.9% | 6.4% | |
| Net margin | 4.9% | 3.9% | |
| Return on capital employed | 14.4% | 12.1% | |
| Current ratio | 1.06x | 0.91x | |
| Interest cover | 3.96x | 3.72x |
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 DISTRIBUTION LIMITED 1995-01-23 → present
- PRESSMICK LIMITED 1994-09-30 → 1995-01-23
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider that the Company has adequate resources to remain in operation for a period of at least 12 months from the date of signing the financial statements. In assessing the going concern for the Company, the Directors are of the opinion that as the company is an integral part of the Tesco Group, providing distribution services to Tesco Stores Limited which is a going concern, and so, Tesco Distribution Limited, by extension is also considered as a going concern. Therefore, they continue to adopt the going concern basis in preparing the financial statements. In undertaking their going concern assessment, the Directors have considered the impact of industry challenges and have concluded that there are no material uncertainties relating to going concern. For further details, please refer to the Tesco PLC Annual Report and Financial Statements 2025.”
Significant events
- “On 20th June 2025, the Company entered into a long-term Lease Agreement (AFL) for a new packaged distribution centre at London Gateway. The construction of this new DC is planned to be completed in December 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TESCO SECRETARIES LIMITED | Corporate Secretary | 2013-10-15 | — | — |
| MACKENZIE RHIND, Alexander Matthew | Director | 2026-02-27 | Jul 1974 | British |
| POTTER, Nicholas James | Director | 2023-08-17 | Apr 1971 | British |
| WHITELEY, Rob | Director | 2025-03-28 | Mar 1976 | British |
| TESCO SERVICES LIMITED | Corporate Director | 2015-01-23 | — | — |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAILEY, John Anthony | Secretary | 1995-10-09 | 1996-04-22 |
| FIELD, Martin John | Secretary | 1996-04-22 | 2000-10-10 |
| FIELD, Martin John | Secretary | 1994-10-18 | 1995-10-09 |
| O'KEEFE, Helen Jane | Secretary | 2004-08-31 | 2013-10-15 |
| SANKAR, Nadine Amanda | Secretary | 2000-10-10 | 2004-08-31 |
| HALLMARK SECRETARIES LIMITED | Corporate Nominee Secretary | 1994-09-30 | 1994-10-18 |
| AGER, Rowley Stuart | Director | 1994-10-18 | 2004-03-15 |
| BAILEY, John Anthony | Director | 1994-10-18 | 2003-05-30 |
| BATEMAN, Paul | Director | 1994-12-13 | 2001-03-01 |
| BLACKBURN, Kenneth William | Director | 1995-12-04 | 1996-09-20 |
| BRITTEN, Max Nicholas | Director | 2016-04-18 | 2018-03-10 |
| BURSTON, Jas | Director | 2024-02-15 | 2025-03-28 |
| FIELD, Martin John | Director | 2003-05-30 | 2005-05-31 |
| HIGGINSON, Andrew Thomas | Director | 2003-05-30 | 2012-02-29 |
| LAWLOR, Niamh Allison | Director | 2018-08-30 | 2021-07-02 |
| LLOYD, Jonathan Mark | Director | 2005-05-31 | 2015-01-23 |
| MACLAURIN, Ian Charter, Lord | Director | 1994-12-13 | 1997-01-30 |
| MASON, Timothy John Rollit | Director | 1996-05-28 | 2002-05-31 |
| MERCER, Paul Vincent | Director | 1995-11-20 | 1999-04-19 |
| MOORE, Paul Anthony | Director | 2015-01-23 | 2016-04-11 |
| MORRIS, Adrian Charles | Director | 2013-02-08 | 2016-03-29 |
| MOURANT, Nicholas Claud | Director | 2003-11-24 | 2009-09-28 |
| NAWAZ, Imran | Director | 2021-05-01 | 2023-08-10 |
| NEVILLE-ROLFE, Lucy Jeanne, Ms. | Director | 2004-03-15 | 2013-01-02 |
| RAYCRAFT, Michael | Director | 1995-12-04 | 1998-12-17 |
| REID, David Edward | Director | 1994-12-13 | 2003-05-30 |
| STEWART, Alan James | Director | 2016-05-25 | 2021-04-30 |
| WOLFE, Sarah | Director | 2021-08-04 | 2024-04-23 |
| WOOLFENDEN, Richard Andrew | Director | 2015-06-08 | 2026-03-02 |
| HALLMARK REGISTRARS LIMITED | Corporate Nominee Director | 1994-09-30 | 1994-10-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tesco Distribution Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 168 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-13 | AA | accounts | Accounts with accounts type full | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-02 | AA | accounts | Accounts with accounts type full | |
| 2024-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-31 | AA | accounts | Accounts with accounts type full | |
| 2022-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-27 | AA | accounts | Accounts with accounts type full | |
| 2021-08-18 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2021-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.