MERIDIAN HOSPITAL COMPANY PLC
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Cash
£15m
-30.6% lowest in 3 filed years
Net assets
£33m
+8.4% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£3.6m
-62.2% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | £50,950,000 | £37,120,000 | £35,372,000 | -4.7% | |
| Operating profit | £7,048,000 | £7,902,000 | £2,248,000 | -71.6% | |
| Profit before tax | £6,581,000 | £9,543,000 | £3,610,000 | -62.2% | |
| Net profit | £4,489,000 | £7,018,000 | £2,532,000 | -63.9% | |
| Cash | £20,885,000 | £21,292,000 | £14,781,000 | -30.6% | |
| Total assets less current liabilities | £67,550,000 | £66,573,000 | £67,368,000 | +1.2% | |
| Net assets | £24,231,000 | £30,142,000 | £32,674,000 | +8.4% | |
| Equity | £24,231,000 | £30,142,000 | £32,674,000 | +8.4% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £279,000 | £224,000 | -19.7% |
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 | 13.8% | 21.3% | 6.4% | |
| Net margin | 8.8% | 18.9% | 7.2% | |
| Return on capital employed | 10.4% | 11.9% | 3.3% | |
| Gearing (liabilities / total assets) | 73.8% | 67.5% | 64.7% | |
| Current ratio | 1.46x | 3.54x | 3.68x | |
| Interest cover | 1.26x | 2.62x | 0.82x |
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
- MERIDIAN HOSPITAL COMPANY PLC 1998-02-27 → present
- BASKETBERRY PLC 1997-11-07 → 1998-02-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason they have adopted the going concern basis in preparing the financial statements. Taking into account reasonable possible risks in operations to the Company, and the fact the obligations of the Company's sole customer are underwritten by the Secretary of State for Health, the Directors have a reasonable expectation that the Company will be able to settle its liabilities as they fall due for the foreseeable future. It is therefore appropriate to prepare the financial statements on the going concern basis.”
Significant events
- “As at 31 March 2026, the principal terms of the Settlement Agreement, as outlined in the Heads of Terms dated 30 May 2024, continues to be discussed by the Trust and the Company.”
- “The settlement terms also include a waiver of any claims, rights, or entitlements arising from the non-performance of equipment prior to the date of the Settlement Agreement.”
- “The finalisation of this agreement is contingent upon the conclusion of all terms and conditions detailed in the Heads of Terms.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 40 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VERCITY SOCIAL INFRASTRUCTURE (UK) LIMITED | Corporate Secretary | 2013-11-20 | — | — |
| BEAZLEY-LONG, Graham Maurice | Director | 2009-03-12 | Feb 1960 | British |
| BROOKING, David John | Director | 2016-05-23 | Jan 1967 | British |
| CUNNINGHAM, Kevin Alistair | Director | 2025-10-01 | Jan 1982 | British |
| VERMEER, Daniel Marinus Maria | Director | 2025-09-30 | Feb 1981 | Dutch |
Show 40 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOOTH, Allan | Secretary | 2007-11-15 | 2008-11-21 |
| HAMMOND, David Paul | Secretary | 2008-11-21 | 2012-03-15 |
| MATTHEWS, Paul Brian | Secretary | 2012-03-15 | 2013-11-20 |
| WEST, Robert Stuart | Secretary | 1998-06-26 | 2007-11-09 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 1997-11-07 | 1998-06-26 |
| BALLSDON, Andrew James | Director | 2005-12-01 | 2008-12-12 |
| BARRITT, Gaynor | Director | 2012-07-19 | 2015-12-15 |
| BAYBUTT, Michael | Director | 2008-12-12 | 2012-07-19 |
| BAYBUTT, Michael | Director | 2001-02-23 | 2007-12-01 |
| CHARLTON, Peter John | Nominee Director | 1997-11-07 | 1998-06-26 |
| DIX, Carl Harvey | Director | 2011-12-08 | 2019-04-30 |
| DYER, Peter, Dr | Director | 1998-06-26 | 2001-02-21 |
| FERNANDES, Milton Anthony | Director | 2009-05-22 | 2019-02-15 |
| GRAHAM, John | Director | 2008-05-15 | 2009-03-12 |
| GREEN, Gerard Nicholas Valentine | Director | 2002-05-01 | 2002-05-29 |
| GREEN, Gerard Nicholas Valentine | Director | 2000-06-26 | 2002-01-24 |
| HARDY, David Michael | Director | 2005-10-11 | 2005-12-01 |
| HARTSHORNE, David John Morice | Director | 2002-01-24 | 2002-05-01 |
| HARTSHORNE, David John Morice | Director | 1998-07-14 | 1999-06-30 |
| HUBBARD, John Montague Knibb | Director | 2002-05-29 | 2005-03-09 |
| KEEN, Nigel | Director | 2015-12-15 | 2016-10-31 |
| LENNON, Martin James | Director | 2003-11-03 | 2007-03-28 |
| LILLEY, Stephen Bernard | Director | 2007-03-28 | 2009-05-22 |
| LUCAS, Gary Stephen | Director | 2003-12-01 | 2005-10-11 |
| MERCER-DEADMAN, Michael John | Director | 2007-12-01 | 2011-12-08 |
| MITCHELL, Cyril Leslie | Director | 2006-01-12 | 2008-05-15 |
| PEARCE, Glenn Sinclair | Director | 2021-10-19 | 2025-09-30 |
| PEARSON, Timothy Richard | Director | 1998-06-26 | 2005-03-09 |
| RICHARDS, Martin Edgar | Nominee Director | 1997-11-07 | 1998-06-26 |
| ROBERTS, John Stuart Hugh | Director | 2000-03-28 | 2001-02-21 |
| SEMPLE, Brian Mervyn | Director | 2011-11-25 | 2016-05-23 |
| SLATER, Michael John | Director | 1998-06-26 | 2000-03-03 |
| SUTCLIFFE, Julian Denzil | Director | 2018-08-13 | 2025-10-01 |
| THAKRAR, Amit Rishi Jaysukh | Director | 2019-05-01 | 2021-10-19 |
| VOYLE, Katherine Jane | Director | 1999-07-01 | 2001-02-21 |
| WARD, James William | Director | 2005-03-09 | 2006-01-12 |
| WEBBER, Matthew James | Director | 1998-06-26 | 2000-06-26 |
| WESTON, Richard | Director | 2001-02-23 | 2003-12-01 |
| WICKERSON, John, Sir | Director | 2009-07-01 | 2025-11-05 |
| WOODBURN, Neil Andrew | Director | 2017-02-10 | 2018-08-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Meridian Hospital Company (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 182 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type full | |
| 2025-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-11 | AA | accounts | Accounts with accounts type full | |
| 2024-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-28 | AA | accounts | Accounts with accounts type full | |
| 2023-11-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-06 | CH01 | officers | Change person director company with change date | |
| 2023-08-11 | AA | accounts | Accounts with accounts type full | |
| 2022-11-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-09-20 | AA | accounts | Accounts with accounts type full | |
| 2021-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-27 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-15 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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.