OCU MODUS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -7.9%

  £16,341,943 → £15,050,729

• Cash

  +20.6%

  £1,062,717 → £1,281,145

• Net assets

  +11.9%

  £4,892,314 → £5,475,910

  highest in 5 filed years

• Employees

  -5.9%

  34 → 32

• Operating profit

  -66.7%

  £2,650,415 → £883,447

• Profit before tax

  -66.5%

  £2,649,357 → £886,952

• Wages

  -15.1%

  £2,476,641 → £2,101,991

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. OCU MODUS LIMITED 2023-04-14 → present
2. MODUS UTILITIES LTD 2011-11-29 → 2023-04-14
3. HOLLERAN INFRASTRUCTURE SERVICES LTD 2009-12-14 → 2011-11-29
4. DVS PIPELINES LIMITED 2002-05-30 → 2009-12-14
5. JBS PIPELINES LIMITED 2002-05-22 → 2002-05-30

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The Company is a member of the OCU consolidated group (the "Group") whose intermediate parent entity is Oat Topco Limited. The Company is under common management of the Group and benefits from Group support when needed. The Group has made operating profits and has generated cash from operations during the year ended 30 April 2025, and has continued to generate robust operating profits in the period to the approval of these financial statements. The Directors have assessed the principal risks facing the Group along with forecasts covering the period to April 2027 and determined that there are no material uncertainties to disclose.”

Group structure

1. OCU MODUS LIMITED · parent
   1. OCU Services Limited 100% · England and Wales

Significant events

• “On 7 November 2024, the Group successfully completed a refinancing process, replacing its previous borrowing facilities with term loans of £200m and €530m, a delayed draw term facility of £75m, a revolving credit facility of £150m and a guarantee facility of £80m. On 7 July 2025, the Group increased the sterling term loan by £17.8m and the delayed draw term loan facility by £6.7m along with a reduction in interest rates on the term loans of 50 basis points. On 2 October 2025 the guarantee facility was increased by £39.5m.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.