M GROUP HIGHWAYS LIMITED
Operating as part of M Group Services, the company—formerly known as Milestone Infrastructure—provides highway maintenance, street lighting, and civil engineering services for local road networks across the UK.
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Cash
£33m
-34.4% vs 2025
Net assets
£52m
-8.5% vs 2025
Employees
1,810
-1.6% lowest in 3 filed years
Profit before tax
£17m
+5.3% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £467,149,000 | £535,128,000 | £532,754,000 | -0.4% | |
| Operating profit | £9,629,000 | £14,897,000 | £15,758,000 | +5.8% | |
| Profit before tax | £7,293,000 | £16,151,000 | £17,013,000 | +5.3% | |
| Net profit | £3,889,000 | £10,513,000 | £13,061,000 | +24.2% | |
| Cash | £29,761,000 | £50,244,000 | £32,980,000 | -34.4% | |
| Total assets less current liabilities | £47,528,000 | £69,808,000 | £69,895,000 | +0.1% | |
| Net assets | £46,479,000 | £57,027,000 | £52,155,000 | -8.5% | |
| Equity | £46,479,000 | £57,027,000 | £52,155,000 | -8.5% | |
| Average employees | 1,821 | 1,839 | 1,810 | -1.6% | |
| Wages | £82,370,000 | £87,793,000 | £87,538,000 | -0.3% | |
| Directors' remuneration | £878,000 | £1,141,000 | £956,000 | -16.2% | |
| Directors' pension contributions | £49,000 | £51,000 | £54,000 | +5.9% | |
| Highest paid director | £464,000 | £459,000 | £470,000 | +2.4% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 2.1% | 2.8% | 3.0% | |
| Net margin | 0.8% | 2.0% | 2.5% | |
| Return on capital employed | 20.3% | 21.3% | 22.5% | |
| Gearing (liabilities / total assets) | 70.9% | 69.2% | 71.0% | |
| Current ratio | 1.00x | 1.19x | 0.92x | |
| Interest cover | 4.12x | — | — |
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 2 times since incorporation
- M GROUP HIGHWAYS LIMITED 2025-04-01 → present
- MILESTONE INFRASTRUCTURE LIMITED 2020-11-27 → 2025-04-01
- TWENTY BIDCO LIMITED 2020-11-10 → 2020-11-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have taken into account the outlook for the Group including the resilient sectors in which it operates, the nature of the essential services that we provide to critical national infrastructure, and the strong long-term order book (including extensions) with blue-chip clients.”
Significant events
- “In the last financial year, M Group Highways created over £37m of social value (as recorded using the National Social Value Standard framework)...”
- “We launched the Building Heroes Highways Training Academy in Oxfordshire, creating a pathway for military leavers to join the highways industry...”
- “We've continued to expand our support for social enterprises, such as our commitment to the long-standing relationship we have with Nuneaton Signs...”
- “M Group Highways has sustainability at the heart of our business and is committed to delivering positive environmental outcomes... We have invested in the latest technology and innovative products and materials to drive down carbon...”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BADEL, Alexandra Nelia | Secretary | 2023-11-20 | — | — |
| MORRILL, Ben Nicholas | Secretary | 2023-11-20 | — | — |
| BAPODRA, Gita | Director | 2021-05-21 | Oct 1982 | British |
| COOKE, Adrian Nicholas | Director | 2021-05-21 | Dec 1969 | British |
| FINDLAY, Andrew Robert | Director | 2021-08-18 | Oct 1969 | British |
| KEEN, Christian | Director | 2022-09-15 | Mar 1964 | British |
| LOOSVELD, Alain Hubertus Philomena | Director | 2022-09-15 | Jun 1968 | Dutch |
| RYALL, Timothy Roy | Director | 2021-05-21 | May 1967 | British |
| YARR, Jonathan | Director | 2023-06-26 | Jan 1980 | Northern Irish |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOPER, William James | Secretary | 2020-11-10 | 2022-09-15 |
| EVANS, Ilaria | Secretary | 2022-09-15 | 2023-11-20 |
| ARNOLD, James Michael | Director | 2020-11-10 | 2023-01-01 |
| BEESLEY, Martin Geoffrey | Director | 2020-11-10 | 2021-10-22 |
| EDWARDS, James Neil | Director | 2020-11-10 | 2021-11-30 |
| WINNICOTT, James Robert | Director | 2020-11-10 | 2023-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| M Group Transport Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-10 | Active |
Filing timeline
Last 20 of 40 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-01 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-20 | AA | accounts | Accounts with accounts type full | |
| 2026-07-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-03-26 | CH01 | officers | Change person director company with change date | |
| 2024-11-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-18 | AA | accounts | Accounts with accounts type full | |
| 2024-04-04 | SH01 | capital | Capital allotment shares | |
| 2024-03-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-22 | SH01 | capital | Capital allotment shares | |
| 2023-11-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-20 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-20 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-01 | AA | accounts | Accounts with accounts type full | |
| 2023-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-10 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.