M&G CORPORATE SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-12 (in 5mo)
Last made up 2025-09-28
Watchouts
None on the register
Cash
£13M
-86.1% vs 2023
Net assets
£48M
+4.1% vs 2023
Employees
298
-1.7% vs 2023
Profit before tax
£3M
-30.1% vs 2023
Name history
Renamed 1 time since incorporation
- M&G CORPORATE SERVICES LIMITED 2020-10-04 → present
- M&G PRUDENTIAL SERVICES LIMITED 2018-09-26 → 2020-10-04
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £510,437,000 | £456,885,000 | |
| Operating profit | £8,689,000 | £7,099,000 | |
| Profit before tax | £3,966,000 | £2,771,000 | |
| Net profit | -£904,000 | £2,247,000 | |
| Cash | £91,318,000 | £12,701,000 | |
| Total assets less current liabilities | £350,994,000 | £334,011,000 | |
| Net assets | £45,669,000 | £47,535,000 | |
| Equity | £45,669,000 | £47,535,000 | |
| Average employees | 303 | 298 | |
| Wages | £33,100,000 | £27,347,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 1.7% | 1.6% | |
| Net margin | -0.2% | 0.5% | |
| Return on capital employed | 2.5% | 2.1% | |
| Gearing (liabilities / total assets) | 90.2% | 89.2% | |
| Current ratio | 1.50x | 1.48x | |
| Interest cover | 0.74x | 0.63x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Directors have a reasonable expectation that the Company has adequate resources to continue its operations for a period of at least.12 months from the date that the financial statements are approved.”
Significant events
- “On 6 January 2025, the back-to-back loans of £55m between the Company, M&G Group Regulated Entity Holding Company Limited and Prudential Capital plc were repaid in full on the contractual maturity date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| M&G MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2020-05-05 | — | — |
| BULLEN, Lee | Director | 2021-07-19 | Jun 1980 | British |
| HOWELLS, Matthew | Director | 2021-07-19 | Sep 1978 | British |
| MOFFATT, Simon | Director | 2021-07-19 | Apr 1969 | British |
| WILSON, Barbara Jane | Director | 2025-09-10 | Mar 1979 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OWENS, Jennifer Anne | Secretary | 2018-09-26 | 2020-05-05 |
| BOUSFIELD, Clare Jane | Director | 2018-09-26 | 2021-12-06 |
| COOPER, Paul David | Director | 2021-07-19 | 2022-05-06 |
| FOLEY, John William | Director | 2018-09-26 | 2019-08-22 |
| MCLELAND, Kathryn | Director | 2022-05-03 | 2025-09-10 |
| THOMSON, Roddy, Mr. | Director | 2019-08-22 | 2021-04-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| M&G Corporate Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-26 | Active |
Filing timeline
Last 20 of 42 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-16 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-03 | AA | accounts | Accounts with accounts type full | |
| 2023-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-14 | AA | accounts | Accounts with accounts type full | |
| 2023-01-06 | CH01 | officers | Change person director company with change date | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-09-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-10 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-22 | SH01 | capital | Capital allotment shares | |
| 2021-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-06 | AA | accounts | Accounts with accounts type full | |
| 2021-09-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2021-08-04 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-10.5%
£510,437,000 £456,885,000
-
Cash
-86.1%
£91,318,000 £12,701,000
-
Net assets
+4.1%
£45,669,000 £47,535,000
-
Employees
-1.7%
303 298
-
Operating profit
-18.3%
£8,689,000 £7,099,000
-
Profit before tax
-30.1%
£3,966,000 £2,771,000
-
Wages
-17.4%
£33,100,000 £27,347,000
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