UK Companies House feature
MIDLAND EXPRESSWAY LIMITED
Profile
- Company number
- 02309767
- Status
- Active
- Incorporation
- 1988-10-27
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 49390
Accounts
Pending extraction
No iXBRL extracted yet for this company.
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above, and the enquiries made by the directors, the financial results have been prepared on a going-concern basis, which assumes that company will be able to meet its liabilities as and when they fall due for the foreseeable future.”
Significant events
- “Traffic on the M6toll decreased year on year by 6.2% in 2024 to 16.6 million vehicles (2023: 17.7 million) reflecting an Annual Average Daily Traffic of 45,287 vehicles (2023: 48,463).”
- “2024 traffic has been impacted by an improvement in the level of service on the parallel competing section of the M6 alongside a deterioration in level of service on the M42 section south of the M6toll. Significant works being carried out on the M42 utilising narrow lanes and speed restrictions has had a negative impact on travel through the corridor and traffic volumes. In Q4 2024, some of the works were completed, but disruption remained with HS2 works beginning in June 2024.”
- “Total operating income increased to £139,500,000 (2023: £134,937,000) due to higher toll revenues derived from price changes in the year and favourable class mixes against 2023.”
- “Operating costs (cost of sales, staff costs and other operating expenses) increased to £16,286,000 (2023 restated*: £14,684,000), primarily driven by an increase in total staff costs.”
- “Capital expenditure in the year decreased to £6,513,000 (2023: £8,177,000). Investment reflected ongoing maintenance and enhancement to the road as part of the whole life capital expenditure programme, with the largest expenditure related to the continued investment in the RoadAhead transformation programme, which was completed in the year. The project implemented a new tolling system supported by ANPR technology and delivers an improved customer experience.”
- “The company has transitioned from FRS 102 to Financial Reporting Standard 101, Reduced Disclosure Framework ('FRS 101') for the financial year ending 31 December 2024.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
5 active · 63 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BELFIELD, Lee Anthony | Director | 2023-01-20 | Mar 1988 | British |
| DALEY, Kenneth Frederick | Director | 2017-11-06 | Jan 1950 | Australian |
| GAGO DE PEDRO, Joaquin | Director | 2022-01-12 | Dec 1980 | Spanish |
| PARCELL, Graham James | Director | 2013-12-13 | Nov 1956 | British |
| ROSEWELL, Bridget Clare | Director | 2020-01-02 | Sep 1951 | British |
Show 63 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLEN, James | Secretary | 2018-01-03 | 2023-04-20 |
| DUFFY, Claire | Secretary | 2023-10-10 | 2025-02-28 |
| LAYCOCK, Rufus | Secretary | — | 1997-10-22 |
| SLATER, David Alan | Secretary | 2000-12-12 | 2018-01-03 |
| MACQUARIE INFRASTRUCTURE (UK0 LTD | Corporate Secretary | 1999-10-29 | 2000-12-12 |
| TH GROUP SERVICES LIMITED | Corporate Secretary | 1997-10-22 | 1999-10-29 |
| ABEL, Richard | Director | 2010-10-25 | 2017-05-05 |
| ALLEGRA, Marco, Avv | Director | — | 1993-05-26 |
| ANGERS, Brian Mason | Director | — | 1993-01-15 |
| BOYLE, John Charles, Dr | Director | 2002-03-27 | 2004-02-06 |
| BROWN, Austen Patrick, Sir | Director | 1998-07-01 | 1999-08-11 |
| CAPPON, Claudio | Director | 1993-05-26 | 1996-01-01 |
| CHANTER, Colin David | Director | 2005-02-17 | 2010-05-21 |
| CHINTAMANENI, Deepu Prasad | Director | 2020-01-06 | 2022-02-01 |
| CHINTAMANENI, Deepu Prasad | Director | 2017-05-05 | 2019-03-20 |
| CLARKE, Keith Edward | Director | 1993-06-16 | 1994-05-24 |
| CLIFFE, Andrew James | Director | 2018-04-16 | 2021-12-31 |
| CORDOVA, Pietro, Dr | Director | 2001-05-22 | 2005-06-17 |
| DYER, Peter, Dr | Director | 2000-12-12 | 2007-12-20 |
| DYER, Peter, Dr | Director | 1996-03-23 | 2000-01-24 |
| EVANS, Anthony Gordon | Director | 1995-10-26 | 1996-06-18 |
| EVANS, Anthony Gordon | Director | — | 1995-08-04 |
| FANNING, Thomas Joseph | Director | 2001-10-08 | 2015-05-31 |
| FLETCHER, John Wilfred Sword | Director | — | 2000-02-18 |
| FLORES, Angelo | Director | 1993-05-26 | 1996-01-01 |
| FREZZA, Francesco | Director | 2000-08-03 | 2000-11-01 |
| GILLESPIE, Richard Douglas Barrie | Director | 1992-11-09 | 1996-03-23 |
| GRANATI, Stefano | Director | 1996-01-01 | 2000-05-29 |
| HAMILTON, Michael John | Director | — | 1996-12-31 |
| HARRISON, David Stephen | Director | 2002-11-01 | 2008-12-18 |
| HARRISON, Leigh Peter | Director | 2010-05-21 | 2010-10-21 |
| HATELEY, Richard Ian | Director | 1996-06-18 | 1999-03-01 |
| HUGHES, Richard John | Director | 2009-01-21 | 2010-02-02 |
| JAMES, Nicholas Peter | Director | 1999-11-15 | 2002-03-27 |
| KING, Clifford | Director | 1994-05-24 | 1998-07-01 |
| KING, Clifford | Director | — | 1993-06-16 |
| KIRBY, John Peter | Director | 1993-01-15 | 1995-10-26 |
| MACDONALD, Sean Gerard | Director | 2004-03-18 | 2008-12-18 |
| MARANO, Antonio | Director | 2004-10-25 | 2005-06-17 |
| MAZIO, Alighiero, Dr | Director | 1997-01-01 | 2000-08-02 |
| MEHTA, Manoj | Director | 2017-05-05 | 2021-12-14 |
| MENGOZZI, Francesco | Director | — | 1996-01-01 |
| MOLAIOLI, Mario | Director | — | 1993-05-26 |
| MOURAD, Karim | Director | 2006-10-20 | 2008-03-27 |
| MUNDAE, Mandeep Singh | Director | 2021-10-01 | 2022-07-20 |
| NUCCI, Settimio | Director | 1996-01-01 | 2000-08-02 |
| PARKINSON OF CARNFORTH, Cecil Edward, Rt Hon Lord | Director | 1993-04-29 | 1996-12-31 |
| PAUL, Nicholas Campbell | Director | 2008-01-01 | 2010-03-31 |
| PEARSON, Andrew Mitchell | Director | 2015-06-01 | 2017-11-06 |
| PIRZIO BIROLI, Alessandro | Director | 2000-08-03 | 2004-04-08 |
| PRATO, Maurizio | Director | — | 1993-05-26 |
| RAMACCIA, Roberto | Director | 2000-08-03 | 2005-06-17 |
| ROBERTS, John Stuart Hugh | Director | 2000-01-24 | 2003-07-09 |
| ROCKLEY, James Hugh Cecil, Lord | Director | — | 1993-10-27 |
| SLATER, Michael John | Director | 1999-04-28 | 2000-03-03 |
| SLATER, Michael John | Director | — | 1993-01-15 |
| SMITH, Thomas William Mclardy | Director | 1997-05-01 | 2001-08-31 |
| STARACE, Riccardo | Director | — | 2005-06-17 |
| SYMONDS, Duncan John | Director | 2019-03-20 | 2020-05-18 |
| TRENT, Peter | Director | 2010-02-02 | 2017-05-05 |
| WATKINS, James Arthur | Director | 1995-08-04 | 1996-06-18 |
| WHELAN, Michael | Director | 2022-08-02 | 2023-01-20 |
| ZUPPI, Marco | Director | 1993-05-26 | 1996-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Midland Motorways Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 292 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-11-10 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-07-21 | AA | accounts | accounts with accounts type full |
| 2025-03-04 | TM02 | officers | termination secretary company with name termination date |
| 2024-11-13 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-09-12 | AA | accounts | accounts with accounts type full |
| 2023-11-15 | AP03 | officers | appoint person secretary company with name date |
| 2023-11-15 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-06-12 | AA | accounts | accounts with accounts type full |
| 2023-05-02 | TM02 | officers | termination secretary company with name termination date |
| 2023-01-27 | MA | incorporation | memorandum articles |
| 2023-01-27 | RESOLUTIONS | resolution | resolution |
| 2023-01-23 | AP01 | officers | appoint person director company with name date |
| 2023-01-23 | TM01 | officers | termination director company with name termination date |
| 2022-10-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-08-04 | AP01 | officers | appoint person director company with name date |
| 2022-08-03 | TM01 | officers | termination director company with name termination date |
| 2022-07-25 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2022-05-24 | AA | accounts | accounts with accounts type full |
| 2022-02-01 | TM01 | officers | termination director company with name termination date |
| 2022-01-17 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Credit score requires extracted accounts data.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory
Activity Score not yet computed for this company.