R.J. MCLEOD (CONTRACTORS) LIMITED
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-29
Confirmation statement due
2026-06-10 (in 1mo)
Last made up 2025-05-27
Watchouts
None on the register
Cash
£13M
Latest balance sheet
Net assets
£134M
Equity attributable
Employees
425
Average over period
Profit before tax
£56M
Period ending 2025-04-29
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-04-29
| Metric | Trend | 2023-10-29 | 2025-04-29 |
|---|---|---|---|
| Turnover | £192,168,000 | £303,311,000 | |
| Operating profit | £27,600,000 | £52,067,000 | |
| Profit before tax | £31,008,000 | £56,354,000 | |
| Net profit | £24,845,000 | £42,316,000 | |
| Cash | £29,755,000 | £13,090,000 | |
| Total assets less current liabilities | £91,824,000 | £134,387,000 | |
| Net assets | £91,824,000 | £134,140,000 | |
| Equity | £91,824,000 | £134,140,000 | |
| Average employees | 414 | 425 | |
| Wages | £31,857,000 | £43,755,000 |
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 | 2023-10-29 | 2025-04-29 |
|---|---|---|---|
| Operating margin | 14.4% | 17.2% | |
| Net margin | 12.9% | 14.0% | |
| Return on capital employed | 30.1% | 38.7% | |
| Gearing (liabilities / total assets) | 39.0% | 38.4% | |
| Current ratio | 2.81x | 2.79x | |
| Interest cover | 424.62x | 946.67x |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Directors are satisfied that the business has adequate resources to meet its obligations for at least 12 months after the signing of these financial statements. The Group has made operating profits and generated cash and assessed risks along with forecasts to April 2027, determining no material uncertainties.”
Group structure
- R.J. MCLEOD (CONTRACTORS) LIMITED · parent
- Thomas Gebbie & Company Limited 1%
- Scott-Orr 1%
Significant events
- “The accounting period was lengthened from 30 October 2024 to 29 April 2025 to align the accounting reference date with the OCU group of companies.”
- “Amounts owed by Group companies increased from £nil to £144,905,000 following the acquisition by the Group.”
- “On 7 November 2024, the Group successfully completed a refinancing process, replacing its previous borrowing facilities with term loans of £200m and €530m, a delayed draw term facility of £75m, a revolving credit facility of £150m and a guarantee facility of £80m. On 7 July 2025, the Group increased the sterling term loan by £17.8m and the delayed draw term loan facility by £6.7m along with a reduction in interest rates on the term loans of 50 basis points. On 2 October 2025 the guarantee facility was increased by £39.5m.”
- “On 31 July 2025, the Directors declared a dividend of £105,000,000 payable to its parent company, OCU Group Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORNWELL, Michael | Secretary | 2026-02-02 | — | — |
| CORSER, James Duncan | Director | 2024-06-11 | Feb 1966 | British |
| HUGHES, Michael Blake | Director | 2024-06-11 | Nov 1968 | British |
| KANE, Paul Edward | Director | 2025-04-01 | Dec 1970 | British |
| MACLEAN, Colin Murray | Director | 2024-06-11 | Aug 1968 | British |
| OLIVER, Craig Armstrong | Director | 2024-06-11 | Jul 1974 | British |
| SEATON, James Sinclair | Director | 2024-06-11 | Jun 1965 | British |
| SNOWBALL, David Matthew | Director | 2024-06-11 | Feb 1980 | British |
| VAN BEEK, Robert | Director | 2024-06-11 | Sep 1961 | Dutch |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JUDD, Norman Martin | Secretary | 1994-11-10 | 2024-12-20 |
| JUDD, Norman Hunter | Secretary | — | 1994-11-10 |
| CLARK, Bruce George | Director | 1993-11-01 | 2025-03-31 |
| CLARK, Graeme Scott Alexander | Director | 1993-11-01 | 2025-01-18 |
| CLARK, James Alexander | Director | — | 1995-07-16 |
| INNES, Norman | Director | — | 1996-12-20 |
| JUDD, Norman Martin | Director | 1996-11-01 | 2024-12-20 |
| JUDD, Norman Hunter | Director | — | 1997-10-31 |
| MACKENZIE, Donald Alexander | Director | 1991-08-01 | 2006-02-28 |
| MCNAUGHT, John Symington Maurice | Director | 1993-11-01 | 2000-04-07 |
| MILLAR, Gordon James | Director | 1992-01-01 | 1994-10-27 |
| OSBORNE, Alexander Roy | Director | 1997-11-03 | 2024-10-14 |
| OSBORNE, Roy Godfrey | Director | — | 1991-10-31 |
| ROSS, Thomas Gray | Director | — | 1991-03-31 |
| TEENAN, James Douglas | Director | — | 1999-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ocu Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-06-11 | Active |
Filing timeline
Last 20 of 185 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-27 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | AA01 | accounts | Change account reference date company current extended | |
| 2026-03-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-01-29 | AA | accounts | Accounts with accounts type group | |
| 2025-09-26 | CH01 | officers | Change person director company with change date | |
| 2025-06-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-11-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-10 | AA01 | accounts | Change account reference date company current extended | |
| 2024-09-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-27 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-07-18 | AA | accounts | Accounts with accounts type group | |
| 2024-06-25 | CH01 | officers | Change person director company with change date | |
| 2024-06-25 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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
FY2023 → FY2025 · period ending 2025-04-29 vs 2023-10-29