M GROUP WATER (MEICA MAINTENANCE & PROJECTS) LIMITED
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Cash
£3.4m
+60.5% highest in 3 filed years
Net assets
£6.8m
-43.7% lowest in 3 filed years
Employees
328
+3.8% highest in 3 filed years
Profit before tax
£2.3m
-37.5% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £24,165,000 | £29,002,000 | £30,525,000 | +5.3% | |
| Operating profit | £3,123,000 | £3,341,000 | £2,089,000 | -37.5% | |
| Profit before tax | £3,209,000 | £3,699,000 | £2,313,000 | -37.5% | |
| Net profit | £2,408,000 | £2,771,000 | £1,734,000 | -37.4% | |
| Cash | £1,976,000 | £2,124,000 | £3,410,000 | +60.5% | |
| Total assets less current liabilities | £9,293,000 | £12,160,000 | £6,909,000 | -43.2% | |
| Net assets | £9,276,000 | £12,047,000 | £6,781,000 | -43.7% | |
| Equity | £9,276,000 | £12,047,000 | £6,781,000 | -43.7% | |
| Average employees | 251 | 316 | 328 | +3.8% | |
| Wages | £12,031,000 | £15,167,000 | £16,035,000 | +5.7% | |
| Directors' remuneration | £55,000 | £0 | — | — | |
| Directors' pension contributions | £10,000 | £0 | — | — |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 12.9% | 11.5% | 6.8% | |
| Net margin | 10.0% | 9.6% | 5.7% | |
| Return on capital employed | 33.6% | 27.5% | 30.2% | |
| Gearing (liabilities / total assets) | 32.0% | 35.8% | 44.7% | |
| Current ratio | 3.05x | 2.75x | 2.18x |
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 2 times since incorporation — the current trading name was adopted 2025-04-01
- M GROUP WATER (MEICA MAINTENANCE & PROJECTS) LIMITED 2025-04-01 → present
- Z-TECH CONTROL SYSTEMS LIMITED 2001-09-27 → 2025-04-01
- Z-TECH DYNO SERVICES LIMITED 1997-04-16 → 2001-09-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Price Bailey LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have undertaken the going concern assessment for the Group for a minimum of 12 months from the date of signing these financial statements. The Directors have taken into account the outlook for the Group including the resilient sectors in which it operates, the nature of the essential services that we provide to critical national infrastructure, and the strong long-term order book (including extensions) with blue-chip clients. The Directors have also taken into account uncertainties in preparing financial projections and assessing the future prospects of the Group. The Company has access, if needed, to funding from its ultimate holding company M Group Limited, which has confirmed its intention to support the business for a period of at least twelve months from the date of approval of the financial statements. Accordingly, based on the Company's financial and liquidity projections, the expectations of no significant changes to the business plan, and the current expectations of the Directors about the prospects of the Company, the financial statements have been prepared on the going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BADEL, Alexandra Nelia | Secretary | 2023-11-20 | — | — |
| MORRILL, Ben Nicholas | Secretary | 2023-11-20 | — | — |
| FINDLAY, Andrew Robert | Director | 2021-12-16 | Oct 1969 | British |
| KEEN, Christian | Director | 2022-09-15 | Mar 1964 | British |
| LOOSVELD, Alain Hubertus Philomena | Director | 2022-09-15 | Jun 1968 | Dutch |
| PATERSON, Stephen John | Director | 2024-08-20 | Jan 1990 | British |
| SUTHERLAND, Iain James | Director | 2024-03-14 | Sep 1971 | British |
| TOSLAND, Peter Alan | Director | 2023-08-21 | Nov 1969 | British |
| YARR, Jonathan | Director | 2023-06-26 | Jan 1980 | Northern Irish |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BREWER, Suzanne | Nominee Secretary | 1997-04-16 | 1997-04-16 |
| COOPER, William James | Secretary | 2021-12-16 | 2022-09-15 |
| EVANS, Ilaria | Secretary | 2022-09-15 | 2023-11-20 |
| SWINHOE, Michael | Secretary | 2003-04-30 | 2017-03-01 |
| SWINHOE, Michael | Secretary | 1997-04-16 | 2001-03-01 |
| WEIR, Colin James | Secretary | 2001-03-01 | 2003-04-30 |
| WHITFIELD, John Neville | Secretary | 2017-03-01 | 2021-12-16 |
| ARNOLD, James Michael | Director | 2021-12-16 | 2023-01-01 |
| BREWER, Kevin, Dr | Nominee Director | 1997-04-16 | 1997-04-16 |
| BULL, Jeremy Douglas | Director | 2004-05-26 | 2021-12-16 |
| CARUANA, Suzanne | Director | 2020-10-01 | 2021-12-16 |
| EDWARDS, John Mark | Director | 2021-12-16 | 2023-02-27 |
| HEATON, Patrick Robert | Director | 2001-03-01 | 2014-05-07 |
| HOBSON, James Michael | Director | 2021-12-16 | 2024-10-31 |
| JAMES, David Peter | Director | 1997-04-16 | 2001-03-01 |
| MILLER, Anne Tregoning | Director | 2010-10-26 | 2012-12-31 |
| NEYLAND, Shannon James | Director | 2016-11-01 | 2017-05-28 |
| NILSSON, Angela Jean | Director | 2017-03-01 | 2023-10-13 |
| OLIVER, William John | Director | 2006-07-19 | 2017-01-31 |
| STANBRIDGE, Luke | Director | 2017-03-01 | 2021-12-16 |
| SWINHOE, Michael | Director | 1997-04-16 | 2021-12-16 |
| TEMPSET, Michael Andrew | Director | 2013-01-01 | 2021-12-16 |
| THORN, Jeremy Gordon | Director | 2010-10-26 | 2012-12-31 |
| WEIR, Colin James | Director | 2007-05-01 | 2011-01-24 |
| WEIR, Colin James | Director | 2001-03-01 | 2003-04-30 |
| WHITFIELD, John Neville | Director | 2017-03-01 | 2021-12-16 |
| WINNICOTT, James Robert | Director | 2021-12-16 | 2023-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| M Group Water Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-16 | Active |
| Mr Jeremy Douglas Bull | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2021-12-16 |
| Mr Michael Swinhoe | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2021-12-16 |
Filing timeline
Last 20 of 208 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-01 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-20 | AA | accounts | Accounts with accounts type full | |
| 2026-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-03-26 | CH01 | officers | Change person director company with change date | |
| 2024-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-29 | AA | accounts | Accounts with accounts type full | |
| 2024-08-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-27 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- 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.