M GROUP WATER (MEICA MAINTENANCE & PROJECTS) LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-20 (in 11mo)
Last made up 2026-04-06
Watchouts
None on the register
Cash
£2M
+7.5% vs 2024
Net assets
£12M
+29.9% vs 2024
Employees
316
+25.9% vs 2024
Profit before tax
£4M
+15.3% vs 2024
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2025-04-01
- M GROUP WATER (MEICA MAINTENANCE & PROJECTS) LIMITED 2025-04-01 → present
- Z-TECH CONTROL SYSTEMS LIMITED 2001-09-27 → 2025-04-01
- Z-TECH DYNO SERVICES LIMITED 1997-04-16 → 2001-09-27
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 | £24,165,000 | £29,002,000 | |
| Operating profit | £3,123,000 | £3,341,000 | |
| Profit before tax | £3,209,000 | £3,699,000 | |
| Net profit | £2,408,000 | £2,771,000 | |
| Cash | £1,976,000 | £2,124,000 | |
| Total assets less current liabilities | £9,293,000 | £12,160,000 | |
| Net assets | £9,276,000 | £12,047,000 | |
| Equity | £9,276,000 | £12,047,000 | |
| Average employees | 251 | 316 | |
| Wages | £12,031,000 | £15,167,000 |
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 | 12.9% | 11.5% | |
| Net margin | 10.0% | 9.6% | |
| Return on capital employed | 33.6% | 27.5% | |
| Current ratio | 3.05x | 2.75x | |
| Interest cover | 3123.00x | 1670.50x |
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
- Price Bailey LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has access to funding from its intermediate 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. The financial statements have been prepared on the going concern basis.”
Significant events
- “On 1 April 2025 the Company changed its name to M Group Water (MEICA Maintenance & Projects) Limited, from Z-Tech Control Systems 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).”
- “Post year end, the customer opted to adopt a self-delivery procurement strategy in order to further manage operational expenditure. This strategic shift will lead to a transition of rail sector activities in the second half of FY26, with staff associated to this contract transferring under TUPE arrangements. While this will modestly affect overall company turnover, the impact to EBITDA is expected to be minimal.”
- “Meanwhile, the Company was successfully awarded a significant contract providing MEICA maintenance for the London Tideway Tunnel, one of the UK's most complex and high profile infrastructure projects.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BADEL, Alexandra Nelia | Secretary | 2023-11-20 | — | — |
| MORRILL, Ben Nicholas | Secretary | 2023-11-20 | — | — |
| FINDLAY, Andrew Robert | Director | 2021-12-16 | Oct 1969 | British |
| KEEN, Christian | Director | 2022-09-15 | Mar 1964 | British |
| LOOSVELD, Alain Hubertus Philomena | Director | 2022-09-15 | Jun 1968 | Dutch |
| PATERSON, Stephen John | Director | 2024-08-20 | Jan 1990 | British |
| SUTHERLAND, Iain James | Director | 2024-03-14 | Sep 1971 | British |
| TOSLAND, Peter Alan | Director | 2023-08-21 | Nov 1969 | British |
| YARR, Jonathan | Director | 2023-06-26 | Jan 1980 | Northern Irish |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BREWER, Suzanne | Nominee Secretary | 1997-04-16 | 1997-04-16 |
| COOPER, William James | Secretary | 2021-12-16 | 2022-09-15 |
| EVANS, Ilaria | Secretary | 2022-09-15 | 2023-11-20 |
| SWINHOE, Michael | Secretary | 2003-04-30 | 2017-03-01 |
| SWINHOE, Michael | Secretary | 1997-04-16 | 2001-03-01 |
| WEIR, Colin James | Secretary | 2001-03-01 | 2003-04-30 |
| WHITFIELD, John Neville | Secretary | 2017-03-01 | 2021-12-16 |
| ARNOLD, James Michael | Director | 2021-12-16 | 2023-01-01 |
| BREWER, Kevin, Dr | Nominee Director | 1997-04-16 | 1997-04-16 |
| BULL, Jeremy Douglas | Director | 2004-05-26 | 2021-12-16 |
| CARUANA, Suzanne | Director | 2020-10-01 | 2021-12-16 |
| EDWARDS, John Mark | Director | 2021-12-16 | 2023-02-27 |
| HEATON, Patrick Robert | Director | 2001-03-01 | 2014-05-07 |
| HOBSON, James Michael | Director | 2021-12-16 | 2024-10-31 |
| JAMES, David Peter | Director | 1997-04-16 | 2001-03-01 |
| MILLER, Anne Tregoning | Director | 2010-10-26 | 2012-12-31 |
| NEYLAND, Shannon James | Director | 2016-11-01 | 2017-05-28 |
| NILSSON, Angela Jean | Director | 2017-03-01 | 2023-10-13 |
| OLIVER, William John | Director | 2006-07-19 | 2017-01-31 |
| STANBRIDGE, Luke | Director | 2017-03-01 | 2021-12-16 |
| SWINHOE, Michael | Director | 1997-04-16 | 2021-12-16 |
| TEMPSET, Michael Andrew | Director | 2013-01-01 | 2021-12-16 |
| THORN, Jeremy Gordon | Director | 2010-10-26 | 2012-12-31 |
| WEIR, Colin James | Director | 2007-05-01 | 2011-01-24 |
| WEIR, Colin James | Director | 2001-03-01 | 2003-04-30 |
| WHITFIELD, John Neville | Director | 2017-03-01 | 2021-12-16 |
| WINNICOTT, James Robert | Director | 2021-12-16 | 2023-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| M Group Water Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-16 | Active |
| Mr Jeremy Douglas Bull | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2021-12-16 |
| Mr Michael Swinhoe | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2021-12-16 |
Filing timeline
Last 20 of 199 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-01 CERTNM Certificate change of name company PDF
- 2024-03-12 MA Memorandum articles
- 2024-03-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-03-26 | CH01 | officers | Change person director company with change date | |
| 2024-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-29 | AA | accounts | Accounts with accounts type full | |
| 2024-08-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-12 | MA | incorporation | Memorandum articles | |
| 2024-03-12 | RESOLUTIONS | resolution | Resolution | |
| 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 | |
| 2023-11-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-22 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+20%
£24,165,000 £29,002,000
-
Cash
+7.5%
£1,976,000 £2,124,000
-
Net assets
+29.9%
£9,276,000 £12,047,000
-
Employees
+25.9%
251 316
-
Operating profit
+7%
£3,123,000 £3,341,000
-
Profit before tax
+15.3%
£3,209,000 £3,699,000
-
Wages
+26.1%
£12,031,000 £15,167,000
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