M GROUP WATER (NETWORK INFRASTRUCTURE) LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-24 (in 4mo)
Last made up 2025-09-10
Watchouts
None on the register
Cash
£11M
-32.9% vs 2024
Net assets
£71M
+157.9% vs 2024
Employees
2,219
+5.1% vs 2024
Profit before tax
£52M
+463.2% vs 2024
Name history
Renamed 4 times since incorporation — the current trading name was adopted 2025-04-01
- M GROUP WATER (NETWORK INFRASTRUCTURE) LIMITED 2025-04-01 → present
- MORRISON WATER SERVICES LIMITED 2021-04-03 → 2025-04-01
- MORRISON UTILITY SERVICES LIMITED 2004-10-13 → 2021-04-03
- AWG UTILITY SERVICES LIMITED 2003-04-01 → 2004-10-13
- AWG SHELF 4 LIMITED 2002-09-10 → 2003-04-01
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 | £520,702,000 | £564,721,000 | |
| Operating profit | £11,826,000 | £48,217,000 | |
| Profit before tax | £9,313,000 | £52,449,000 | |
| Net profit | £5,279,000 | £43,791,000 | |
| Cash | £16,365,000 | £10,985,000 | |
| Total assets less current liabilities | £166,085,000 | £186,405,000 | |
| Net assets | £27,623,000 | £71,231,000 | |
| Equity | £27,623,000 | £71,231,000 | |
| Average employees | 2,111 | 2,219 | |
| Wages | £111,859,000 | £108,624,000 |
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 | 2.3% | 8.5% | |
| Net margin | 1.0% | 7.8% | |
| Return on capital employed | 7.1% | 25.9% | |
| Current ratio | 1.45x | 1.59x | |
| Interest cover | 3.62x | 4.22x |
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 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. ... Accordingly, based on the Group's financial and liquidity projections, the maturity and portability of the long-term debt, the expectations of no significant changes to the business plan, and the current expectations of the Directors about the prospects of the Group, 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 (Network Infrastructure) Limited, from Morrison Water Services Limited as part of a rebranding across the Group, to align entities under a common 'M Group' banner.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BADEL, Alexandra Nelia | Secretary | 2023-11-20 | — | — |
| MORRILL, Ben Nicholas | Secretary | 2023-11-20 | — | — |
| FINDLAY, Andrew Robert | Director | 2021-08-18 | Oct 1969 | British |
| KEEN, Christian | Director | 2022-09-15 | Mar 1964 | British |
| LOOSVELD, Alain Hubertus Philomena | Director | 2022-09-15 | Jun 1968 | Dutch |
| PATERSON, Stephen John | Director | 2024-08-20 | Jan 1990 | British |
| SUMMERS, Lawrence James | Director | 2020-02-06 | May 1969 | British |
| SUTHERLAND, Iain James | Director | 2024-01-26 | Sep 1971 | British |
| TOSLAND, Peter Alan | Director | 2023-08-01 | Nov 1969 | British |
| YARR, Jonathan | Director | 2023-06-26 | Jan 1980 | Northern Irish |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOPER, William James | Secretary | 2019-12-23 | 2022-09-15 |
| CUSDEN, Ian Vincent | Secretary | 2008-05-07 | 2019-12-23 |
| EVANS, Ilaria | Secretary | 2022-09-15 | 2023-11-20 |
| SHEPHEARD, Geoffrey Arthur George | Secretary | 2004-08-23 | 2008-05-07 |
| TURNER, David Charles | Secretary | 2002-09-10 | 2006-02-24 |
| ARNOLD, James Michael | Director | 2003-04-02 | 2023-01-01 |
| BEARD, Scott Daniel | Director | 2021-04-01 | 2022-12-19 |
| BEESLEY, Martin Geoffrey | Director | 2014-12-10 | 2021-10-22 |
| CAROLAN, Peter Vincent | Director | 2019-07-01 | 2022-09-15 |
| CHASE, Robert Henry Armitage | Director | 2006-06-01 | 2006-09-20 |
| COOPER, William James | Director | 2019-12-23 | 2022-09-15 |
| COYNE, John Francis | Director | 2003-04-02 | 2012-08-31 |
| CUSDEN, Ian Vincent | Director | 2003-04-02 | 2019-12-23 |
| EDWARDS, John Mark | Director | 2016-10-05 | 2023-02-27 |
| FIRTH, Patrick | Director | 2002-10-15 | 2003-04-02 |
| GILLEN, Seamus Joseph | Director | 2002-09-10 | 2002-10-15 |
| GOSNOLD, Adam Piers | Director | 2003-04-02 | 2021-04-01 |
| HARRISON, Jeremy | Director | 2003-11-01 | 2021-04-01 |
| HARRISON, Michael William | Director | 2003-04-02 | 2019-07-01 |
| HOBSON, James Michael | Director | 2021-04-01 | 2024-10-31 |
| HOLDSWORTH, Roderick Antony | Director | 2004-10-13 | 2007-05-06 |
| HOWELL, Nigel | Director | 2007-06-26 | 2008-05-07 |
| HOYLE, Trevor Matthew | Director | 2018-07-01 | 2020-02-27 |
| ISHERWOOD, Simon John | Director | 2003-04-02 | 2008-05-02 |
| JOHNSON, Stephen | Director | 2006-09-25 | 2008-04-15 |
| KELLY, Sean David | Director | 2016-10-05 | 2021-04-01 |
| LOOSVELD, Alain Hubertus Philomena | Director | 2017-01-01 | 2019-09-11 |
| MORRISON, Charles Baird | Director | 2003-04-02 | 2016-12-30 |
| SHANNON, Gerard Francis | Director | 2012-08-31 | 2015-08-21 |
| SINCLAIR, Henry Hunter | Director | 2003-04-02 | 2003-11-01 |
| STANDEN, Michael William | Director | 2016-10-05 | 2022-09-15 |
| SUDBURY, Roger Graham | Director | 2002-10-15 | 2003-04-02 |
| TRIPPETT, Peter David | Director | 2003-04-02 | 2007-11-29 |
| TURNER, David Charles | Director | 2002-09-10 | 2003-04-02 |
| TYDEMAN, David Rolfe | Director | 2004-10-13 | 2006-07-07 |
| WILSON, John Douglas | Director | 2019-09-11 | 2021-04-01 |
| WINNICOTT, James Robert | Director | 2003-04-02 | 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 | 2016-04-06 | Active |
Filing timeline
Last 20 of 217 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-01 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-08 | AA | accounts | Accounts with accounts type full | |
| 2025-09-11 | CS01 | confirmation-statement | Confirmation statement with no 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 | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-19 | AA | accounts | Accounts with accounts type full | |
| 2024-03-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation 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 | |
| 2023-11-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-04 | AA | accounts | Accounts with accounts type full | |
| 2023-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-17 | 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
- 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
+8.5%
£520,702,000 £564,721,000
-
Cash
-32.9%
£16,365,000 £10,985,000
-
Net assets
+157.9%
£27,623,000 £71,231,000
-
Employees
+5.1%
2,111 2,219
-
Operating profit
+307.7%
£11,826,000 £48,217,000
-
Profit before tax
+463.2%
£9,313,000 £52,449,000
-
Wages
-2.9%
£111,859,000 £108,624,000
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