MARKS ELECTRICAL LIMITED
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Cash
£4.4m
-49.7% vs 2025
Net assets
£8.9m
-8.5% vs 2025
Employees
287
-2% vs 2025
Profit before tax
-£79k
+94.1% vs 2025
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £55,984,000 | £80,478,000 | £114,262,000 | £117,181,000 | £107,933,000 | -7.9% | |
| Operating profit | £6,659,000 | £5,390,000 | £924,000 | -£1,363,000 | £6,000 | +100.4% | |
| Profit before tax | £7,154,000 | £5,520,000 | £1,052,000 | -£1,333,000 | -£79,000 | +94.1% | |
| Net profit | — | — | £773,000 | -£978,000 | -£134,000 | +86.3% | |
| Cash | £1,493,000 | £3,872,000 | £7,814,000 | £8,789,000 | £4,424,000 | -49.7% | |
| Total assets less current liabilities | £12,889,000 | £8,140,000 | £12,955,000 | £11,565,000 | — | — | |
| Net assets | £10,373,000 | £6,350,000 | £11,341,000 | £9,685,000 | £8,858,000 | -8.5% | |
| Equity | £10,373,000 | £6,350,000 | £11,341,000 | £9,685,000 | £8,858,000 | -8.5% | |
| Average employees | 110 | 157 | 297 | 293 | 287 | -2% | |
| Wages | — | — | £10,609,000 | £11,517,000 | £11,951,000 | +3.8% | |
| Directors' remuneration | — | — | £1,086,000 | £1,112,000 | £541,000 | -51.3% | |
| Directors' pension contributions | £NaN | £NaN | £18,000 | £28,000 | £5,000 | -82.1% | |
| Highest paid director | £NaN | £NaN | £306,000 | £306,000 | £320,000 | +4.6% |
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 | 2021-03-31 | 2022-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | 11.9% | 6.7% | 0.8% | -1.2% | 0.0% | |
| Net margin | — | — | 0.7% | -0.8% | -0.1% | |
| Return on capital employed | 51.7% | 66.2% | 7.1% | -11.8% | — | |
| Gearing (liabilities / total assets) | 53.2% | 73.6% | 67.0% | 74.4% | 65.7% | |
| Current ratio | — | — | 1.42x | 1.26x | 1.39x | |
| Interest cover | 95.13x | 82.92x | 23.69x | -7.53x | 0.03x |
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
- MARKS ELECTRICAL LIMITED 2021-07-20 → present
- MARK'S ELECTRICAL LIMITED 2002-06-18 → 2021-07-20
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Following consideration of these forecasts, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months following the date of signing of these financial statements. Therefore, the Directors determine the Company is a going concern.”
Significant events
- “The Group successfully implemented D365 in September 2024, replacing the legacy Everest system to support its long-term growth strategy.”
- “On 18 November 2025, the Competition and Markets Authority ("CMA") opened an investigation under the Digital Markets, Competition and Consumers Act 2024 ("DMCCA") into certain online pricing practices across a number of businesses, including the Group.”
- “Following constructive engagement with the CMA, the Group has agreed to resolve the matter by way of settlement. In connection with this, the CMA has issued a Final Infringement Notice imposing a financial penalty of £1,200,000, which is reduced to £720,000 following the application of the maximum available settlement discount.”
- “The financial penalty will be met from existing cash resources and will be treated as an exceptional item for accounting purposes.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PALLATT, Thomas William | Director | 2025-10-27 | Sep 1977 | British |
| SMITHSON, Mark Adrian | Director | 2002-06-19 | Sep 1965 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SMITHSON, Colin Peter | Secretary | 2002-06-19 | 2004-02-17 |
| SMITHSON, Sarah Fiona | Secretary | 2004-02-17 | 2009-02-06 |
| SECRETARIAL APPOINTMENTS LIMITED | Corporate Nominee Secretary | 2002-06-18 | 2002-06-19 |
| EGAN, Joshua Ellis Thomas Allan | Director | 2021-10-15 | 2025-07-31 |
| MISTRY, Dipesh | Director | 2025-06-25 | 2025-11-11 |
| SMITHSON, Jack Thomas | Director | 2020-01-02 | 2021-08-10 |
| SMITHSON, Oliver | Director | 2020-01-02 | 2021-08-10 |
| CORPORATE APPOINTMENTS LIMITED | Corporate Nominee Director | 2002-06-18 | 2002-06-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Marks Electrical Group Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-08 | Active |
| Mavrek Properties Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-04 | Ceased 2021-10-08 |
| Mr Mark Adrian Smithson | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-10-04 |
Filing timeline
Last 20 of 117 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-04 | AA | accounts | Accounts with accounts type full | |
| 2026-07-08 | ANNOTATION | miscellaneous | Legacy | |
| 2026-07-08 | ANNOTATION | miscellaneous | Legacy | |
| 2026-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-01 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-12-21 | AA | accounts | Accounts with accounts type full | |
| 2025-11-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-28 | AA | accounts | Accounts with accounts type full | |
| 2024-09-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-19 | AA | accounts | Accounts with accounts type full | |
| 2023-07-07 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-06-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-23 | AAMD | accounts | Accounts amended with accounts type full | |
| 2023-01-17 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.