2EXCEL LOGISTICS LIMITED
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Next accounts due
2026-12-30 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-10 (in 2mo)
Last made up 2025-06-26
Watchouts
None on the register
Cash
£159K
+9.7% vs 2024
Net assets
£1M
-33.9% lowest in 6 filed years
Employees
86
+1.2% vs 2024
Profit before tax
£226K
-45% lowest in 5 filed years
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £10,486,221 | — | £12,863,199 | — | £17,776,470 | — | £19,309,251 | £20,496,431 | |
| Operating profit | — | — | £448,196 | — | £477,487 | — | £741,020 | — | £654,015 | £484,188 | |
| Profit before tax | — | — | £402,008 | — | £421,664 | — | £563,811 | — | £410,255 | £225,781 | |
| Net profit | — | — | £396,072 | — | £300,448 | — | £542,925 | — | £223,025 | £152,585 | |
| Cash | £43,512 | — | £43,204 | — | £446,753 | — | £353,193 | — | £144,972 | £159,043 | |
| Total assets less current liabilities | £1,197,904 | — | £1,717,627 | — | £2,798,069 | — | £3,490,028 | — | £2,554,258 | £2,516,732 | |
| Net assets | £1,197,904 | — | £1,593,976 | — | £1,894,424 | — | £2,207,349 | — | £1,624,359 | £1,074,376 | |
| Equity | £1,197,904 | £1,197,904 | £1,593,976 | £1,593,976 | £1,894,424 | £1,894,424 | £2,207,349 | £2,207,349 | £1,624,359 | £1,074,376 | |
| Average employees | 23 | — | 45 | — | 60 | — | 89 | — | 85 | 86 | |
| Wages | — | — | £1,133,636 | — | £1,972,810 | — | £3,404,350 | — | £3,670,119 | £3,662,216 |
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 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 4.3% | — | 3.7% | — | 4.2% | — | 3.4% | 2.4% | |
| Net margin | — | — | 3.8% | — | 2.3% | — | 3.1% | — | 1.2% | 0.7% | |
| Return on capital employed | — | — | 26.1% | — | 17.1% | — | 21.2% | — | 25.6% | 19.2% | |
| Interest cover | — | — | 9.70x | — | 8.55x | — | 4.18x | — | 2.68x | 1.87x |
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
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the period to twelve months from the balance sheet date and have concluded that the entity is a going concern. The entity has sufficient cash and resources to meet upcoming liabilities.”
Significant events
- “This is the second financial period since the creation of the ultimate parent company, Myriad Transport EOT Trustees Limited which operates under an Employee Owner Trust arrangement. Contributions totalling £702,568 were paid to the EOT during the financial year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JONES, Graham | Secretary | 2013-11-29 | — | — |
| HADDOCK, Ian David | Director | 2020-11-01 | Aug 1959 | British |
| LITTLEWOOD, Andrew Michael | Director | 2025-01-01 | Jul 1966 | British |
| WILKIE, Justin | Director | 2013-11-29 | Apr 1975 | British |
| WOOD, Christopher Edmund Michael | Director | 2023-12-20 | Jul 1988 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOLAND, Stephen Nicholas John | Director | 2009-06-19 | 2013-11-29 |
| FARROW, Martin Lewis | Director | 2018-01-29 | 2024-12-31 |
| HICKFORD, Robert Alan | Director | 2009-06-19 | 2009-06-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Blackjay Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-09-01 | Active |
| Mr Justin Wilkie | Individual | Significant influence | 2016-04-06 | Ceased 2023-09-01 |
Filing timeline
Last 20 of 77 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | AA | accounts | Accounts with accounts type full | |
| 2025-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-17 | CH01 | officers | Change person director company with change date | |
| 2025-01-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-30 | AA | accounts | Accounts with accounts type full | |
| 2024-06-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-13 | CH01 | officers | Change person director company with change date | |
| 2024-03-15 | AA | accounts | Accounts with accounts type full | |
| 2023-12-15 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-09-05 | CH01 | officers | Change person director company with change date | |
| 2023-09-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-09-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-31 | AA | accounts | Accounts with accounts type full | |
| 2022-07-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-14 | MR04 | mortgage | Mortgage satisfy charge 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
+6.1%
£19,309,251 £20,496,431
highest in 5 filed years
-
Cash
+9.7%
£144,972 £159,043
-
Net assets
-33.9%
£1,624,359 £1,074,376
lowest in 6 filed years
-
Employees
+1.2%
85 86
-
Operating profit
-26%
£654,015 £484,188
-
Profit before tax
-45%
£410,255 £225,781
lowest in 5 filed years
-
Wages
-0.2%
£3,670,119 £3,662,216
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers