M GROUP TRANSPORT (RAIL & AVIATION) LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-30 (in 2mo)
Last made up 2025-07-16
Watchouts
None on the register
Cash
£7M
+18.7% vs 2024
Net assets
£20M
-5.6% vs 2024
Employees
510
-4.7% vs 2024
Profit before tax
-£1M
-613% vs 2024
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2025-04-01
- M GROUP TRANSPORT (RAIL & AVIATION) LIMITED 2025-04-01 → present
- DYER AND BUTLER LIMITED 1979-12-31 → 2025-04-01
- STONEBOOK LIMITED 1979-09-25 → 1979-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £131,891,000 | £135,851,000 | |
| Operating profit | -£151,000 | -£539,000 | |
| Profit before tax | -£146,000 | -£1,041,000 | |
| Net profit | £198,000 | -£1,208,000 | |
| Cash | £6,261,000 | £7,431,000 | |
| Total assets less current liabilities | £24,460,000 | £19,967,000 | |
| Net assets | £21,150,000 | £19,967,000 | |
| Equity | £21,150,000 | £19,967,000 | |
| Average employees | 535 | 510 | |
| Wages | £31,559,000 | £33,924,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -0.1% | -0.4% | |
| Net margin | 0.2% | -0.9% | |
| Return on capital employed | -0.6% | -2.7% | |
| Current ratio | 1.81x | 1.60x | |
| Interest cover | -75.50x | -1.01x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has access, if needed, to funding from its ultimate holding company Minerva Equity Limited ("the Group"), which has confirmed its intention to support the business for a period of at least twelve months from the date of approval of the financial statements. For this reason, the Directors have undertaken the going concern assessment for the Group for a minimum of 12 months from the date of signing these financial statements.”
Significant events
- “On 1 April 2025 the Company changed its name to M Group Transport (Rail & Aviation) Limited, from Dyer and Butler Limited as part of a rebranding across the Group, to align entities under a common 'M Group' banner.”
- “On 23 September 2024, M Group Limited (formerly Midas Midco Limited), via its 100% owned subsidiary Midas Bidco I Ltd, acquired 100% of the ordinary share capital of Minerva Equity Ltd, from Blueprint Investments Sarl (Luxembourg).”
- “There exist cross guarantees under a group banking arrangement whereby group companies have guaranteed the liabilities of other group companies to their clearing banks.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BADEL, Alexandra Nelia | Secretary | 2023-11-20 | — | — |
| MORRILL, Ben Nicholas | Secretary | 2023-11-20 | — | — |
| BAPODRA, Gita | Director | 2026-04-01 | Oct 1982 | British |
| COOKE, Adrian Nicholas | Director | 2026-04-01 | Dec 1969 | British |
| EVANS, Michael Joseph David | Director | 2023-06-26 | Jan 1974 | 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 | 2026-04-01 | May 1967 | British |
| YARR, Jonathan | Director | 2023-06-26 | Jan 1980 | Northern Irish |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOPER, William James | Secretary | 2019-12-23 | 2022-09-15 |
| CUSDEN, Ian | Secretary | 2017-02-28 | 2019-12-23 |
| DONNELLY, Michael James | Secretary | 2003-11-01 | 2008-12-19 |
| DYER, Robert Graham | Secretary | — | 2003-11-01 |
| EVANS, Ilaria | Secretary | 2022-09-15 | 2023-11-20 |
| ARNOLD, James Michael | Director | 2019-09-11 | 2023-01-01 |
| BEESLEY, Martin Geoffrey | Director | 2019-09-11 | 2021-10-22 |
| BROOM, Steven David | Director | 2016-01-01 | 2022-09-15 |
| BUTLER, David | Director | — | 2014-12-03 |
| BUTTERS, David Edgar | Director | 2001-01-01 | 2006-01-06 |
| DAVIES, David Arwel Lloyd | Director | 2008-01-01 | 2011-03-31 |
| DAVIES, John Harold | Director | 2008-10-01 | 2024-01-26 |
| DENYER, Richard | Director | 2009-01-05 | 2020-04-01 |
| DONNELLY, Michael James | Director | — | 2008-12-19 |
| DOWN, Christopher Graham | Director | 2024-01-26 | 2026-04-01 |
| DYER, Robert Graham | Director | — | 2014-12-03 |
| EDWARDS, James Neil | Director | 2001-01-01 | 2021-11-30 |
| FOSTER, Mark Stewart | Director | 2014-02-01 | 2022-09-15 |
| HOBBS, Paul Robert | Director | — | 2016-12-19 |
| HUGHES, Gary Michael | Director | 2024-09-24 | 2026-04-01 |
| JAYNE, Steven Alan | Director | 2001-01-01 | 2014-12-03 |
| RAY, Adam | Director | 2009-01-05 | 2018-04-12 |
| SCHOLFIELD, Thomas Adam | Director | 2008-01-01 | 2010-05-14 |
| STEDMAN, Timothy Adam | Director | 2015-01-01 | 2018-04-12 |
| STEER, Anthony John | Director | 2023-07-10 | 2024-06-26 |
| STEER, Anthony John | Director | 2015-01-01 | 2022-09-15 |
| WALKER, Richard James | Director | 2020-04-01 | 2022-12-19 |
| WATERMAN, David George | Director | — | 1995-04-07 |
| WATT, Craig Iain | Director | 2016-01-01 | 2022-09-15 |
| WHEELER, Michael Richard | Director | — | 1995-11-30 |
| WHITEHOUSE, Jonathan | Director | 2001-01-01 | 2018-12-31 |
| WINNICOTT, James Robert | Director | 2019-09-11 | 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 | 2016-12-19 | Active |
| Mr James Neil Edwards | Individual | Shares 25–50% | 2016-06-01 | Ceased 2016-12-19 |
| Mr Jonathan Whitehouse | Individual | Shares 25–50% | 2016-06-01 | Ceased 2016-12-19 |
Filing timeline
Last 20 of 195 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-01 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-03-26 | CH01 | officers | Change person director company with change date | |
| 2024-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2024-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-29 | AD04 | address | Move registers to registered office company with new address | |
| 2024-06-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-26 | AP01 | officers | Appoint person director company with name date | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+3%
£131,891,000 £135,851,000
-
Cash
+18.7%
£6,261,000 £7,431,000
-
Net assets
-5.6%
£21,150,000 £19,967,000
-
Employees
-4.7%
535 510
-
Operating profit
-257%
-£151,000 -£539,000
-
Profit before tax
-613%
-£146,000 -£1,041,000
-
Wages
+7.5%
£31,559,000 £33,924,000
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