ELECTRO RENT UK LIMITED
Get an alert when ELECTRO RENT UK 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
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-09 (in 11mo)
Last made up 2026-03-26
Watchouts
Cash
£826K
+142.9% vs 2023
Net assets
£2M
-56.2% vs 2023
Employees
115
-1.7% vs 2023
Profit before tax
-£3M
+19.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 4 times since incorporation
- ELECTRO RENT UK LIMITED 2020-03-05 → present
- MICROLEASE LIMITED 2017-01-25 → 2020-03-05
- MICROLEASE PLC 1979-12-31 → 2017-01-25
- LEASEMETRIX LIMITED 1977-12-31 → 1979-12-31
- MELLINGSIDE LIMITED 1973-12-28 → 1977-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £39,517,000 | £40,360,000 | |
| Operating profit | -£4,517,000 | -£2,808,000 | |
| Profit before tax | -£3,472,000 | -£2,808,000 | |
| Net profit | -£3,069,000 | -£2,750,000 | |
| Cash | £340,000 | £826,000 | |
| Total assets less current liabilities | £4,893,000 | £2,143,000 | |
| Net assets | £4,893,000 | £2,143,000 | |
| Equity | £4,893,000 | £2,143,000 | |
| Average employees | 117 | 115 | |
| Wages | £6,047,000 | £6,525,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -11.4% | -7.0% | |
| Net margin | -7.8% | -6.8% | |
| Return on capital employed | -92.3% | -131.0% | |
| Current ratio | 0.19x | 0.35x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- ELECTRO RENT UK LIMITED · parent
- Electro Rent Italy SRL 100%
- Hamilton Hall Consultants Limited 100%
- Livingston Group Limited 100%
- Electro Rent LV Limited 100%
- Electro Rent France SAS 100%
- Electro Rent India Private Limited 100%
- Electro Rent Nederland T&M BV 100%
- Electro Rent Deutschland GmbH 100%
- Electro Rent Sdn Bhd 100%
- Microlease Finance Ltd 100%
- Electro Rent Taiwan Co Ltd 100%
- Electro Rent Spain S.L.U 100%
Significant events
- “The financial year 2024 presented both challenges and opportunities. Some of the challenges we encountered were carried forward from the previous year, particularly ongoing cost inflation, which resulted in market uncertainty affecting our entire industry.”
- “The Group took a proactive stance by launching a new distribution business and implementing an innovative business model. This included establishing two centres of excellence in Europe designed to enhance support for rental orders across all segments, thereby strengthening the Group's position and positively impacting our customers.”
- “Despite navigating through global economic and political hurdles, the company has demonstrated resilience, meeting these head-on.”
- “The Company implemented a work from home policy following the global COVID-19 pandemic and this has continued.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PENG-TSEUNG, Chiao-Li | Director | 2023-09-13 | Jun 1975 | British |
| RENNIE, Nigel | Director | 2011-12-01 | Jul 1960 | British |
| WATSON, Jonathan C, Mr. | Director | 2020-01-06 | Nov 1984 | American |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OLLIS, Anthony Norman | Secretary | 1995-08-29 | 2000-10-31 |
| RENNIE, Paul David | Secretary | 1995-05-26 | 1995-08-29 |
| SMITH, Paul Alexander | Secretary | 2000-11-16 | 2017-08-04 |
| STONE, Kenneth Gordon | Secretary | — | 1995-05-26 |
| BANNON, Michael | Director | 1994-08-01 | 2000-02-11 |
| BATTERSBY, Michael Robert Thomas Stuart | Director | — | 1991-08-31 |
| BOLT, Nigel John | Director | 2002-08-15 | 2003-12-31 |
| BROWN, Nigel | Director | 2004-12-21 | 2020-01-06 |
| BROWN, Nigel | Director | 1996-09-30 | 2002-04-12 |
| COLEMAN, Stephanie | Director | 2011-03-01 | 2012-10-31 |
| COLLEY, William Paul | Director | 2006-07-05 | 2017-01-31 |
| FLEMING, Stephen | Director | 2004-09-14 | 2006-06-14 |
| GELDMACHER, Jay Lindsey | Director | 2020-01-06 | 2020-05-18 |
| HAFFERTY, John Joseph | Director | 2018-01-25 | 2019-02-27 |
| HARRIS, Wayne | Director | 2009-12-01 | 2017-07-07 |
| HOUGH, Edmund Alan, Dr | Director | 1997-11-03 | 1998-02-26 |
| MCCLOSKEY, Paul Joseph | Director | 2000-03-01 | 2020-01-06 |
| MUNDY, Robert James | Director | — | 1995-02-28 |
| MURPHY, Romana Manuela | Director | 2020-01-06 | 2022-03-18 |
| OLLIS, Anthony Norman | Director | 1995-08-29 | 2000-10-31 |
| PERKINS, Clifford Samuel | Director | 1999-06-17 | 2000-03-01 |
| REED, Shaun Cowell | Director | 2022-12-15 | 2023-04-05 |
| RENNIE, David Caie | Director | — | 2001-02-08 |
| RENNIE, Paul David | Director | — | 2006-06-14 |
| SLATER, Steven Raymond | Director | 1997-08-07 | 1999-03-31 |
| SMITH, Paul Alexander | Director | 2006-07-05 | 2017-08-04 |
| SPILLMAN, Peter Alan | Director | 1994-10-03 | 1999-02-22 |
| STOCKER, Charles Anthony | Director | — | 2006-06-14 |
| STONE, Kenneth Gordon | Director | — | 1995-05-26 |
| STRAW, Michael | Director | 1994-08-01 | 1995-12-31 |
| TYE, Sheryl Anne | Director | 2000-12-14 | 2003-02-20 |
| WHITFIELD, David John | Director | 2010-10-26 | 2020-01-06 |
| WILKINSON, Gregory Lupton | Director | 2020-01-06 | 2024-09-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ms. Chiao-Li Peng-Tseng Peng-Tseng | Individual | Significant influence, significant-influence-or-control-as-firm | 2023-09-13 | Ceased 2025-08-01 |
| Mr. Jonathan C Watson | Individual | Significant influence, significant-influence-or-control-as-firm | 2020-01-06 | Ceased 2025-08-01 |
| Mr. Nigel Forbes Rennie | Individual | Significant influence, significant-influence-or-control-as-firm | 2020-01-06 | Ceased 2025-08-01 |
| Mr. Gregory Lupton Wilkinson | Individual | Significant influence, significant-influence-or-control-as-firm | 2020-01-06 | Ceased 2024-09-25 |
| Newmir Limited | Corporate entity | Shares 75–100%, ownership-of-shares-75-to-100-percent-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 225 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-13 | AA | accounts | Accounts with accounts type full | |
| 2024-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-01-14 | AA | accounts | Accounts with accounts type full | |
| 2023-12-22 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-22 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-22 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-22 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-13 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+2.1%
£39,517,000 £40,360,000
-
Cash
+142.9%
£340,000 £826,000
-
Net assets
-56.2%
£4,893,000 £2,143,000
-
Employees
-1.7%
117 115
-
Operating profit
+37.8%
-£4,517,000 -£2,808,000
-
Profit before tax
+19.1%
-£3,472,000 -£2,808,000
-
Wages
+7.9%
£6,047,000 £6,525,000
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