ONSTREAM GROUP LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-05-14.

• ⚠

  Material uncertainty over going concern

  The Company's ultimate parent company MGL is intending to sell the Company to a third party as part of a restructuring of its metering portfolio. Directors currently do not have visibility of the future intentions of an acquirer, including financing arrangements following the expected change in control, which casts significant doubt about the Company's ability to continue as a going concern.

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. ONSTREAM GROUP LIMITED 2026-03-17 → present
2. MACQUARIE ENERGY LEASING LIMITED 2013-01-23 → 2026-03-17
3. MACQUARIE UK RAIL LIMITED 2012-10-15 → 2013-01-23

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company's ultimate parent company MGL is intending to sell the Company to a third party as part of a restructuring of its metering portfolio. Directors currently do not have visibility of the future intentions of an acquirer, including financing arrangements following the expected change in control, which casts significant doubt about the Company's ability to continue as a going concern.”

Significant events

• “On 30 September 2025, an interim dividend of £300,000 (£300,000 per ordinary share) was paid by the Company.”
• “In December 25, Management outlined an internal restructure which will change the immediate parent of the Company from Macquarie UK Holdings Pty Limited to Macquarie Meters 5 (UK) Limited. As of the date of signing of these financial statements, the specific details and full scope of the restructuring plan are still being finalised.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -23.8%

  £9,627,000 → £7,340,000

• Cash

  +29.3%

  £242,000 → £313,000

• Net assets

  -12.7%

  £1,468,000 → £1,281,000

• Employees

  -7.8%

  51 → 47

• Operating profit

  -86.5%

  £2,535,000 → £342,000

• Profit before tax

  -84.4%

  £2,763,000 → £431,000

• Wages

  -4.6%

  £2,969,000 → £2,833,000

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