MORSON GROUP LIMITED
Formerly a public limited company and now operating as a private subsidiary of MMGG Acquisition Ltd, the group provides recruitment and human resources management services.
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Cash
£12m
+27.4% highest in 3 filed years
Net assets
£162m
+34.3% highest in 3 filed years
Employees
2,496
+7.5% highest in 3 filed years
Profit before tax
£34m
+1.9% vs 2024
Watch the reel
Our short-form breakdown of MORSON GROUP LIMITED's latest filing
UK STEM recruitment giant Morson Group posted £1.46bn in turnover — but the directors admit that without three recent acquisitions, revenue would have dropped 18% amid a talent slowdown. 📉💼
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,332,888,000 | £1,410,919,000 | £1,457,023,000 | +3.3% | |
| Operating profit | £43,271,000 | £38,950,000 | £42,422,000 | +8.9% | |
| Profit before tax | £38,851,000 | £33,686,000 | £34,342,000 | +1.9% | |
| Net profit | £26,080,000 | £22,712,000 | £25,228,000 | +11.1% | |
| Cash | £6,778,000 | £9,293,000 | £11,840,000 | +27.4% | |
| Total assets less current liabilities | — | £142,707,000 | £202,324,000 | +41.8% | |
| Net assets | £154,827,000 | £120,318,000 | £161,576,000 | +34.3% | |
| Equity | £154,827,000 | £120,318,000 | £161,576,000 | +34.3% | |
| Average employees | 2,301 | 2,322 | 2,496 | +7.5% | |
| Wages | £109,079,000 | £118,874,000 | £126,104,000 | +6.1% | |
| Directors' remuneration | £2,560,000 | £2,698,000 | £2,570,000 | -4.7% | |
| Directors' pension contributions | — | £34,000 | £41,000 | +20.6% | |
| Highest paid director | £967,000 | £686,000 | £643,000 | -6.3% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 3.2% | 2.8% | 2.9% | |
| Net margin | 2.0% | 1.6% | 1.7% | |
| Return on capital employed | — | 27.3% | 21.0% | |
| Gearing (liabilities / total assets) | 57.7% | 66.5% | 67.8% | |
| Current ratio | 1.38x | 1.18x | 1.15x | |
| Interest cover | 7.90x | 6.06x | 5.08x |
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 3 times since incorporation
- MORSON GROUP LIMITED 2012-08-09 → present
- MORSON GROUP PLC 2006-03-22 → 2012-08-09
- MORSON GROUP LIMITED 2005-11-09 → 2006-03-22
- NOSROM LIMITED 2004-04-26 → 2005-11-09
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having properly considered the matter, the directors conclude that they are satisfied that these financial statements should be prepared on a going concern basis”
Group structure
- MORSON GROUP LIMITED · parent
- Morson Holdings Limited 100%
- Morson Human Resources Limited 100%
- Morson Wynnwch Limited 100%
- Morson Projects Limited 100%
- Vital Human Resources Limited 100%
- Morson Global Services Limited 100%
- Morson International Inc 100%
- Morson International Inc 100%
Significant events
- “The 2025 rebrand unites Morson under one clear structure--four specialist business units, one market voice”
- “During the year, the Group completed three strategic acquisitions which strengthened its presence across the UK and US markets and broadened its service offering.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GILMOUR, Paul John | Secretary | 2005-09-19 | — | British |
| ADAIR, Adrian Wilson | Director | 2019-01-01 | Jan 1980 | British |
| DRAPER, Abigail Sarah | Director | 2025-11-01 | Nov 1970 | British |
| GILMOUR, Paul John | Director | 2005-09-20 | Nov 1964 | British |
| LAKE, Joanne Carolyn | Director | 2020-11-30 | Nov 1963 | British |
| LYNCHEHAUN, David | Director | 2024-07-12 | Sep 1978 | British |
| MASON, Gerard Anthony | Director | 2004-04-26 | Jan 1964 | British |
| PHILBIN, Kevin | Director | 2013-12-23 | Jun 1959 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SECRETARIAL APPOINTMENTS LIMITED | Corporate Nominee Secretary | 2004-04-26 | 2004-04-26 |
| WACKS CALLER (NOMINEES) LIMITED | Corporate Secretary | 2004-04-26 | 2005-09-19 |
| GORTON, Kevin Patrick | Director | 2005-09-19 | 2021-12-15 |
| KNIGHT, Ian Graham | Director | 2006-02-27 | 2012-08-08 |
| MASON, Gerrard Godfrey | Director | 2005-09-19 | 2015-07-24 |
| MONAGHAN, Karl Upton | Director | 2006-01-01 | 2010-09-21 |
| CORPORATE APPOINTMENTS LIMITED | Corporate Nominee Director | 2004-04-26 | 2004-04-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gerard Anthony Mason | Individual | Significant influence | 2016-04-06 | Ceased 2024-02-02 |
| Mmgg Acquisition Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 142 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type group | |
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-29 | AA | accounts | Accounts with accounts type group | |
| 2025-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type group | |
| 2024-07-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-02-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-25 | AA | accounts | Accounts with accounts type group | |
| 2023-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-10-12 | AA | accounts | Accounts with accounts type group | |
| 2022-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-12 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- 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.