MORECO GROUP LIMITED
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Cash
£926k
-6.6% lowest in 4 filed years
Net assets
£12m
-21.9% first positive since 2022
Employees
1,049
+5.2% vs 2024
Profit before tax
-£3.7m
+40% highest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-03
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-28 | 2026-01-03 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £131,842,987 | £141,568,926 | £121,973,168 | £121,423,890 | -0.5% | |
| Operating profit | -£24,578,939 | -£34,881,898 | -£5,283,856 | -£2,726,727 | +48.4% | |
| Profit before tax | -£24,580,591 | -£22,795,519 | -£6,181,142 | -£3,708,457 | +40% | |
| Net profit | -£20,652,888 | -£26,464,638 | -£8,092,557 | -£3,424,297 | +57.7% | |
| Cash | £2,486,507 | £1,716,078 | £992,270 | £926,460 | -6.6% | |
| Total assets less current liabilities | -£1,531,745 | £25,737,217 | £20,817,762 | £25,143,660 | +20.8% | |
| Net assets | -£3,584,889 | £23,711,113 | £15,618,556 | £12,194,259 | -21.9% | |
| Equity | -£3,584,889 | £23,711,113 | £15,618,556 | £12,194,259 | -21.9% | |
| Average employees | 1,301 | 1,157 | 997 | 1,049 | +5.2% | |
| Wages | £38,763,407 | £40,197,163 | £34,038,338 | £35,172,996 | +3.3% | |
| Directors' remuneration | £783,289 | £1,378,432 | — | — | — | |
| Directors' pension contributions | — | £43,422 | — | — | — |
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 | 2022-12-31 | 2023-12-31 | 2024-12-28 | 2026-01-03 |
|---|---|---|---|---|---|
| Operating margin | -18.6% | -24.6% | -4.3% | -2.2% | |
| Net margin | -15.7% | -18.7% | -6.6% | -2.8% | |
| Return on capital employed | — | -135.5% | -25.4% | -10.8% | |
| Gearing (liabilities / total assets) | 112.1% | 38.8% | 59.4% | 68.6% | |
| Current ratio | — | 0.46x | 0.37x | 0.55x | |
| Interest cover | — | -28.93x | -5.89x | -2.59x |
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
- Standalone (parent only)
- Auditor
- HW Bedford Limited
- Audit opinion
- Qualified
- Going concern
- Affirmed
“Accordingly, the financial statements have been prepared on a going concern basis, reflecting the Directors' belief that the Company will continue to meet its liabilities as they fall due.”
Group structure
- MORECO GROUP LIMITED · parent
- Moreco Property Limited 100%
Significant events
- “On 10 October 2025 the Company entered into a £6,100,000 floating-rate term loan facility with Barclays Bank PLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARAKHCHAND SHAH, Vinesh | Director | 2023-12-31 | Apr 1968 | British |
| HUSSAIN, Arfaiz | Director | 2023-12-31 | Jun 1983 | British |
| NIJJAR, Balvinder Singh | Director | 2023-12-31 | Jun 1970 | British |
| NIJJAR, Ravinder Singh | Director | 2023-12-31 | Jul 1981 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| O'CONNOR, Billie Joan | Secretary | 2021-07-29 | 2023-12-31 |
| BLEEZE, Jon Alan Paul | Director | 2023-10-01 | 2023-12-31 |
| BORER, Neil Michael Lawrence Hornsby | Director | 2023-10-01 | 2023-12-31 |
| COSTIGAN, Catherine Elizabeth | Director | 2021-07-29 | 2023-10-01 |
| KENDALL, Andrew | Director | 2021-07-29 | 2022-06-30 |
| MULLER, Patrick Markus | Director | 2021-07-29 | 2023-12-31 |
| O'CONNOR, Billie Joan | Director | 2021-07-29 | 2023-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Moreco Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-12-31 | Active |
| Muller Uk & Ireland Group Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-07-29 | Ceased 2023-12-31 |
Filing timeline
Last 20 of 35 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-09 | AA | accounts | Accounts with accounts type full | |
| 2026-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-19 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2025-08-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-09 | CH01 | officers | Change person director company with change date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-01-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-04 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.