OCADO INNOVATION LIMITED
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Cash
—
Latest balance sheet
Net assets
-£1.9bn
-25.5% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£382m
-0.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30
| Metric | Trend | 2023-12-03 | 2024-12-01 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £58,600,000 | £50,600,000 | £58,900,000 | +16.4% | |
| Operating profit | -£132,900,000 | -£327,900,000 | -£301,400,000 | +8.1% | |
| Profit before tax | -£174,000,000 | -£380,000,000 | -£382,100,000 | -0.6% | |
| Net profit | -£164,700,000 | -£384,000,000 | -£388,000,000 | -1% | |
| Cash | £300,000 | £100,000 | — | — | |
| Total assets less current liabilities | -£1,121,100,000 | -£1,484,400,000 | — | — | |
| Net assets | -£1,121,100,000 | -£1,522,600,000 | -£1,910,600,000 | -25.5% | |
| Equity | — | — | — | — | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 | 2023-12-03 | 2024-12-01 | 2025-11-30 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 237.3% | 319.5% | 397.3% | |
| Current ratio | 0.05x | 0.03x | 0.01x | |
| Interest cover | -2.51x | -4.97x | -3.41x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- OCADO INNOVATION LIMITED 2014-06-16 → present
- OCADO TECHNOLOGY LIMITED 2013-12-13 → 2014-06-16
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied that there has been no material uncertainty identified which would cast significant doubt upon the Company's ability to continue using the going concern basis for 12 months following approval, supported by a letter of support from Ocado Group plc.”
Significant events
- “On 18 November 2025, The Kroger Co. ("Kroger") announced plans to optimise its Customer Fulfilment Centers ("CFCs") network, resulting in the closure of three operational CFCs in January 2026.”
- “Subsequently on 5 December 2025, the Group announced that it had entered into a settlement agreement with Kroger under which Kroger would make a one-off cash payment of US$350.0m to compensate Ocado following Kroger's decision to close the three CFCs in January 2026, and not to proceed with the CFC in Charlotte, North Carolina. The payment was received by the Group on 30 January 2026.”
- “On 29 January 2026, the Group announced that, following an assessment of e-commerce demand in key markets, Sobeys had decided to close its CFC in Calgary, Alberta. The Group received compensation of £18.5m for the closure of the CFC on 2 February 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STOKER, Mollie | Secretary | 2025-10-24 | — | — |
| DAINTITH, Stephen Wayne | Director | 2021-03-22 | May 1964 | British |
| STEINER, Timothy | Director | 2014-06-12 | Dec 1969 | British |
| STOKER, Mollie | Director | 2025-09-12 | Mar 1977 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOPER, Robert Mcneill | Secretary | 2014-06-12 | 2025-10-27 |
| ABRAMS, Neill | Director | 2013-12-13 | 2025-11-28 |
| JENSEN, Luke Giles William | Director | 2018-03-01 | 2023-09-30 |
| RICHARDSON, Mark Antony | Director | 2013-12-13 | 2026-03-30 |
| TATTON-BROWN, Duncan Eden | Director | 2014-06-12 | 2020-11-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ocado Group Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-26 | AA | accounts | Accounts with accounts type full | |
| 2026-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-16 | AA | accounts | Accounts with accounts type full | |
| 2024-07-31 | AA | accounts | Accounts with accounts type full | |
| 2024-07-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-12 | AA | accounts | Accounts with accounts type full | |
| 2022-11-22 | AA | accounts | Accounts with accounts type full | |
| 2022-06-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-08 | AA | accounts | Accounts with accounts type full | |
| 2021-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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.