M GROUP TELECOM (FIXED NETWORK SOLUTIONS) LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-05-09 (in 1y)
Last made up 2026-04-25
Watchouts
None on the register
Cash
£2M
+84.6% vs 2024
Net assets
£45M
+66.3% vs 2024
Employees
613
+4.8% vs 2024
Profit before tax
£20M
+74.8% vs 2024
Name history
Renamed 4 times since incorporation — the current trading name was adopted 2025-04-01
- M GROUP TELECOM (FIXED NETWORK SOLUTIONS) LIMITED 2025-04-01 → present
- MORRISON TELECOM SERVICES LIMITED 2018-10-16 → 2025-04-01
- MORRISON UTILITY PLANT SERVICES LIMITED 2017-06-01 → 2018-10-16
- M GROUP SERVICES LIMITED 2016-12-09 → 2017-06-01
- MORRISON UTILITY PLANT SERVICES LIMITED 2011-03-14 → 2016-12-09
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 | £218,218,000 | £261,918,000 | |
| Operating profit | £14,082,000 | £17,384,000 | |
| Profit before tax | £11,688,000 | £20,434,000 | |
| Net profit | £7,134,000 | £18,090,000 | |
| Cash | £1,146,000 | £2,116,000 | |
| Total assets less current liabilities | £32,928,000 | £51,265,000 | |
| Net assets | £27,360,000 | £45,493,000 | |
| Equity | £27,360,000 | £45,493,000 | |
| Average employees | 585 | 613 | |
| Wages | £28,419,000 | £32,753,000 |
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 | 6.5% | 6.6% | |
| Net margin | 3.3% | 6.9% | |
| Return on capital employed | 42.8% | 33.9% | |
| Gearing (liabilities / total assets) | 68.0% | 63.3% | |
| Current ratio | 0.55x | 1.35x | |
| Interest cover | 5.77x | 6.96x |
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.”
Significant events
- “On 1 April 2025 the Company changed its name to M Group Telecom (Fixed Network Solutions) Limited, from Morrison Telecom Services 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 Limited, acquired 100% of the ordinary share capital of Minerva Equity Ltd, from Blueprint Investments Sarl (Luxembourg).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BADEL, Alexandra Nelia | Secretary | 2023-11-20 | — | — |
| MORRILL, Ben Nicholas | Secretary | 2023-11-20 | — | — |
| CAROLAN, Patrick | Director | 2020-03-03 | Jan 1965 | British |
| FINDLAY, Andrew Robert | Director | 2021-08-18 | Oct 1969 | British |
| FULLER, Kirsty Marie | Director | 2022-09-15 | Sep 1982 | British |
| KEEN, Christian | Director | 2022-09-15 | Mar 1964 | British |
| LOOSVELD, Alain Hubertus Philomena | Director | 2019-01-21 | Jun 1968 | Dutch |
| TURNER, Mark Anthony | Director | 2022-09-15 | Aug 1971 | British |
| WHYTE, Donald William | Director | 2025-11-24 | Nov 1972 | Scottish |
| YARR, Jonathan | Director | 2023-06-26 | Jan 1980 | Northern Irish |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOPER, William James | Secretary | 2019-12-23 | 2022-09-15 |
| CUSDEN, Ian Vincent | Secretary | 2011-03-14 | 2019-12-23 |
| EVANS, Ilaria | Secretary | 2022-09-15 | 2023-11-20 |
| ARNOLD, James Michael | Director | 2019-01-21 | 2023-01-01 |
| BEESLEY, Martin Geoffrey | Director | 2011-03-14 | 2021-10-22 |
| CASEY, Bryan Gerard | Director | 2019-04-01 | 2022-11-14 |
| COOPER, William James | Director | 2019-12-23 | 2022-09-15 |
| CUSDEN, Ian Vincent | Director | 2011-03-14 | 2019-12-23 |
| HARRISON, Jeremy | Director | 2011-03-14 | 2019-01-21 |
| TURNER, Mark Anthony | Director | 2019-01-21 | 2020-11-17 |
| WINNICOTT, James Robert | Director | 2019-01-21 | 2023-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| M Group Telecom Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-05-16 | Active |
| Morrison Utility Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-05-16 |
Filing timeline
Last 20 of 81 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-01 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-25 | 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 | |
| 2025-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-18 | AA | accounts | Accounts with accounts type full | |
| 2024-03-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 | |
| 2023-08-01 | AA | accounts | Accounts with accounts type full | |
| 2023-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-03 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- 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%
£218,218,000 £261,918,000
-
Cash
+84.6%
£1,146,000 £2,116,000
-
Net assets
+66.3%
£27,360,000 £45,493,000
-
Employees
+4.8%
585 613
-
Operating profit
+23.4%
£14,082,000 £17,384,000
-
Profit before tax
+74.8%
£11,688,000 £20,434,000
-
Wages
+15.3%
£28,419,000 £32,753,000
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