M GROUP WATER (MEICA PROJECTS) LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-04-24.

• ◆

  5 officer resignations in last 12 months

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

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. M GROUP WATER (MEICA PROJECTS) LIMITED 2025-04-01 → present
2. ID SYSTEMS UK LIMITED 2002-04-10 → 2025-04-01

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 102

Reporting scope

Standalone (parent only)

Auditor

Price Bailey LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has access to funding from its intermediate 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. The Directors have undertaken the going concern assessment for the Company for a minimum of 12 months from the date of signing these financial statements. Cash flow has been and continues to be robust, in line with management's expectations. Accordingly, based on the Group's financial and liquidity projections, the maturity and portability of the long-term debt, the expectations of no significant changes to the business plan, and the current expectations of the Directors about the prospects of the Group, the financial statements have been prepared on the going concern basis.”

Significant events

• “On 1 April 2025 the Company changed its name to M Group Water (MEICA Projects) Limited, from ID Systems UK Limited as part of a rebranding across the Group, to align entities under a common 'M Group' banner.”
• “Subsequent to the year end, M Group Water (MEICA Projects) Limited restructured the management of a significant operational contract. Responsibility for delivery has transitioned to another company within the Group, with only self-deliverable workstreams remaining under M Group Water (MEICA Projects) Limited. This is expected to reduce the revenue of the Company, but improve profitability.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -19.5%

  £25,123,000 → £20,227,000

• Cash

  +463.6%

  £360,000 → £2,029,000

• Net assets

  -912.8%

  -£648,000 → -£6,563,000

• Employees

  -3.5%

  200 → 193

• Operating profit

  -667.7%

  -£1,003,000 → -£7,700,000

• Profit before tax

  -683.9%

  -£1,005,000 → -£7,878,000

• Wages

  +16.8%

  £9,456,000 → £11,047,000

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