MJL HOLDINGS SW LIMITED
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Cash
£22M
+30.5% highest in 3 filed years
Net assets
£83M
+12.3% highest in 3 filed years
Employees
347
+4.8% highest in 3 filed years
Profit before tax
£13M
+2.1% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £76,808,852 | £96,285,823 | £114,242,070 | +18.6% | |
| Operating profit | £7,438,943 | £12,531,078 | £12,550,280 | +0.2% | |
| Profit before tax | £8,809,806 | £12,779,096 | £13,051,984 | +2.1% | |
| Net profit | £6,766,188 | £9,361,150 | £9,555,350 | +2.1% | |
| Cash | £18,866,740 | £16,742,379 | £21,841,663 | +30.5% | |
| Total assets less current liabilities | £71,646,653 | £81,844,493 | £87,518,642 | +6.9% | |
| Net assets | £64,597,807 | £74,018,957 | £83,105,883 | +12.3% | |
| Equity | £64,597,807 | £74,018,957 | £83,105,883 | +12.3% | |
| Average employees | 303 | 331 | 347 | +4.8% | |
| Wages | £14,106,525 | £15,383,112 | £17,206,306 | +11.9% | |
| Directors' remuneration | £113,437 | £136,006 | £102,645 | -24.5% |
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 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | 9.7% | 13.0% | 11.0% | |
| Net margin | 8.8% | 9.7% | 8.4% | |
| Return on capital employed | 10.4% | 15.3% | 14.3% | |
| Current ratio | 3.05x | 3.00x | 3.00x | |
| Interest cover | 38.50x | 14.77x | 9.42x |
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 2025-07-17
- MJL HOLDINGS SW LIMITED 2025-07-17 → present
- MJL CORNWALL LIMITED 2006-10-13 → 2025-07-17
- MJL CONTRACTORS LIMITED 2001-02-13 → 2006-10-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 group and parent company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”
Group structure
- MJL HOLDINGS SW LIMITED · parent
- MJL Contractors Limited 100%
- MJL Plant Hire (Cornwall) Limited 100%
- MJL Ashill Limited 100%
- Onyx Business Parks Ltd 57.5%
- MJL Winslade Limited 100%
- MJL Community Homes Limited 100%
- MJL Homes SW Limited 100%
- Onyx business Parks Exeter Limited 57.5%
- Onyx business Parks Tolvaddon Limited 57.5%
- Burrington Estates (Exeter Skypark) Limited 57.5%
- Onyx Business Parks Barnstable Limited 57.5%
- Onyx Business Parks Wellington Limited 57.5%
- Burrington Estates (Eurotech House) Limited 57.5%
- Burrington estates CD (Kingskerwell) Limited 57.5%
Significant events
- “The current year has been a period of consolidation across a number of sites, with the director also taking forward other investment opportunities.”
- “The Onyx Business Parks group has seen the completion and sale of the Kingskerswell site, as well as completions at Wellington, Barnstaple and Exeter (phase 2), with a new site being started in Tolvaddon.”
- “The group has continued to invest in additional plant and machinery and significant investment in property, including a further unit at Helston Business Park and a new head office at Cornwall Business Park.”
- “The Group has recently acquired a 38 acre development site in Liskeard, with planning permission granted, and construction on site will start during 2026.”
- “The group has expanded with the opening of a new office in Bristol, increasing the geographical footprint outside of the South West.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LUGG, Jennifer | Secretary | 2001-02-13 | — | British |
| LUGG, Matthew James | Director | 2001-02-13 | Aug 1978 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 2001-02-13 | 2001-02-18 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 2001-02-13 | 2001-02-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Matthew James Lugg | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 79 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-17 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | AA | accounts | Accounts with accounts type group | |
| 2026-03-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-17 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-07-02 | AA | accounts | Accounts with accounts type group | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-18 | CH01 | officers | Change person director company with change date | |
| 2024-10-17 | CH03 | officers | Change person secretary company with change date | |
| 2024-10-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-30 | AA | accounts | Accounts with accounts type group | |
| 2024-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-12 | AA | accounts | Accounts with accounts type group | |
| 2023-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-27 | AA | accounts | Accounts with accounts type group | |
| 2022-02-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-08-24 | AA | accounts | Accounts with accounts type group | |
| 2021-02-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-10-05 | AA | accounts | Accounts with accounts type group | |
| 2020-02-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-07-09 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.