MORECO GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-28
Confirmation statement due
2026-08-11 (in 3mo)
Last made up 2025-07-28
Watchouts
Cash
£992K
-42.2% lowest in 3 filed years
Net assets
£16M
-34.1% first positive since 2022
Employees
997
-13.8% vs 2023
Profit before tax
-£6M
+72.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · latest reflected 2024-12-28
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-28 |
|---|---|---|---|---|
| Turnover | — | £141,568,926 | £121,973,168 | |
| Operating profit | — | -£34,881,898 | -£5,283,856 | |
| Profit before tax | — | -£22,795,519 | -£6,181,142 | |
| Net profit | — | -£26,464,638 | -£8,092,557 | |
| Cash | £2,486,507 | £1,716,078 | £992,270 | |
| Total assets less current liabilities | -£1,531,745 | £25,737,217 | £20,817,762 | |
| Net assets | -£3,584,889 | £23,711,113 | £15,618,556 | |
| Equity | -£3,584,889 | £23,711,113 | £15,618,556 | |
| Average employees | — | 1,157 | 997 | |
| Wages | — | £40,197,163 | £37,459,364 |
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 | 2022-12-31 | 2023-12-31 | 2024-12-28 |
|---|---|---|---|---|
| Operating margin | — | -24.6% | -4.3% | |
| Net margin | — | -18.7% | -6.6% | |
| Return on capital employed | — | -135.5% | -25.4% | |
| Interest cover | — | -28.93x | -5.89x |
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
- HW Bedford Limited
- Audit opinion
- Qualified
- Going concern
- Affirmed
“The Directors have conducted a comprehensive review of the Company's financial position and its ability to continue as a going concern... Based on these forecasts and current financial indicators, the Directors believe that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- MORECO GROUP LIMITED · parent
- Moreco Property Limited 100%
Significant events
- “2024 marked a pivotal turnaround year for Moreco Group Ltd. Under the Freshways management team, the business underwent a strategic and operational transformation that led to a £20.3 million year-on-year EBITDA improvement, swinging from a loss of £18.4 million in FY23 to a profit of £1.9 million in FY24. After nine months of sustained effort, the business successfully halted customer decline and has since returned to growth, adding approximately 2,000 new customers per week.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARAKHCHAND SHAH, Vinesh | Director | 2023-12-31 | Apr 1968 | British |
| HUSSAIN, Arfaiz | Director | 2023-12-31 | Jun 1983 | British |
| NIJJAR, Balvinder Singh | Director | 2023-12-31 | Jun 1970 | British |
| NIJJAR, Ravinder Singh | Director | 2023-12-31 | Jul 1981 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| O'CONNOR, Billie Joan | Secretary | 2021-07-29 | 2023-12-31 |
| BLEEZE, Jon Alan Paul | Director | 2023-10-01 | 2023-12-31 |
| BORER, Neil Michael Lawrence Hornsby | Director | 2023-10-01 | 2023-12-31 |
| COSTIGAN, Catherine Elizabeth | Director | 2021-07-29 | 2023-10-01 |
| KENDALL, Andrew | Director | 2021-07-29 | 2022-06-30 |
| MULLER, Patrick Markus | Director | 2021-07-29 | 2023-12-31 |
| O'CONNOR, Billie Joan | Director | 2021-07-29 | 2023-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Moreco Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-12-31 | Active |
| Muller Uk & Ireland Group Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-07-29 | Ceased 2023-12-31 |
Filing timeline
Last 20 of 33 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-19 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2025-08-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-09 | CH01 | officers | Change person director company with change date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-01-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-04 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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
FY2023 → FY2024 · period ending 2024-12-28 vs 2023-12-31
-
Turnover
-13.8%
£141,568,926 £121,973,168
-
Cash
-42.2%
£1,716,078 £992,270
lowest in 3 filed years
-
Net assets
-34.1%
£23,711,113 £15,618,556
first positive since 2022
-
Employees
-13.8%
1,157 997
-
Operating profit
+84.9%
-£34,881,898 -£5,283,856
-
Profit before tax
+72.9%
-£22,795,519 -£6,181,142
-
Wages
-6.8%
£40,197,163 £37,459,364
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