MICHELS AND TAYLOR (LONDON) LIMITED
Get an alert when MICHELS AND TAYLOR (LONDON) LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-30 (in 8mo)
Last made up 2026-01-16
Watchouts
Cash
£968K
-16% vs 2024
Net assets
£2M
+6.5% highest in 6 filed years
Employees
462
+2.4% highest in 4 filed years
Profit before tax
£188K
-74.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £30,840,016 | £28,991,329 | |
| Operating profit | — | — | — | — | — | £728,963 | £181,218 | |
| Profit before tax | — | — | — | — | — | £728,963 | £187,910 | |
| Net profit | — | — | — | £299,429 | £776,194 | £534,056 | £137,278 | |
| Cash | — | £796,344 | £1,354,121 | £1,324,673 | £1,040,617 | £1,151,826 | £968,102 | |
| Total assets less current liabilities | — | £1,544,690 | £1,128,503 | £1,427,932 | £1,750,794 | £2,138,886 | £2,276,921 | |
| Net assets | — | £1,532,052 | £1,115,865 | £1,415,294 | £1,738,156 | £2,126,248 | £2,264,027 | |
| Equity | — | £1,532,052 | £1,115,865 | £1,415,294 | £1,738,156 | £2,126,248 | £2,264,027 | |
| Average employees | — | 45 | 38 | — | — | 451 | 462 | |
| Wages | — | — | — | — | — | £13,939,122 | £14,686,042 | |
| Directors' remuneration | — | — | — | — | — | £1,188,869 | £1,222,158 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-6%
£30,840,016 £28,991,329
-
Cash
-16%
£1,151,826 £968,102
-
Net assets
+6.5%
£2,126,248 £2,264,027
highest in 6 filed years
-
Employees
+2.4%
451 462
highest in 4 filed years
-
Operating profit
-75.1%
£728,963 £181,218
-
Profit before tax
-74.2%
£728,963 £187,910
-
Wages
+5.4%
£13,939,122 £14,686,042
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 2.4% | 0.6% | |
| Net margin | — | — | — | — | — | 1.7% | 0.5% | |
| Return on capital employed | — | — | — | — | — | 34.1% | 8.0% | |
| Current ratio | — | — | — | — | — | 1.68x | 1.47x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Baker Friend Audit Limited
- 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's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- MICHELS AND TAYLOR (LONDON) LIMITED · parent
- Michels & Taylor Op-Co B Limited 100%
- Michels & Taylor Op-Co E Limited 100%
- Michels & Taylor Op-Co S Limited 100%
- Michels & Taylor (Brighton) Limited 100%
- Michels & Taylor Midco Limited 100%
Significant events
- “On 24 October 2024, there was a restructuring of the ownership of the company. Several share sales took place, and the ultimate result is that 75.1% of the shares are now owned by MTS Hospitality Investment Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FORUSZ, Heath Alexander | Director | 2023-08-29 | Aug 1974 | British |
| HALES, Peter Geoffrey | Director | 2019-03-07 | Sep 1969 | British |
| HUGHES, David | Director | 2019-03-07 | Mar 1965 | British |
| MICHELS, David Michael Charles, Sir | Director | 2011-12-19 | Dec 1946 | British |
| NOBLE, Ian | Director | 2011-12-19 | Sep 1974 | British |
| TAYLOR, Hugh Matthew | Director | 2011-12-19 | Mar 1965 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUNTER, Andrew Sime | Director | 2019-04-01 | 2022-05-05 |
| KAPADIA, Kym Zareen | Director | 2011-12-19 | 2018-10-31 |
| KRUSE, Nils | Director | 2022-05-06 | 2023-08-29 |
| WEBBER, Peter | Director | 2011-12-19 | 2019-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Heath Alexander Forusz | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-30 | Active |
| Sir David Michael Charles Michels | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-10-30 |
| Mr Hugh Matthew Taylor | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-10-30 |
Filing timeline
Last 20 of 66 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-02 RESOLUTIONS Resolution
- 2025-06-02 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-18 | RPCH01 | miscellaneous | Legacy | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-12-22 | CH01 | officers | Change person director company with change date | |
| 2025-06-02 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-02 | MA | incorporation | Memorandum articles | |
| 2025-03-31 | AA | accounts | Accounts with accounts type full | |
| 2025-03-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-07 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-14 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-02-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-14 | AA | accounts | Accounts with accounts type full | |
| 2023-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-01 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-05 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.