MOTIVE RENTALS LTD.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-27 (in 3mo)
Last made up 2025-08-13
Watchouts
None on the register
Cash
£806K
+77.6% vs 2023
Net assets
£12M
+151% vs 2023
Employees
126
+10.5% vs 2023
Profit before tax
£8M
+148.7% vs 2023
Name history
Renamed 2 times since incorporation
- MOTIVE RENTALS LTD. 2015-01-12 → present
- MOTIVE ENGINEERING LTD. 2014-11-06 → 2015-01-12
- MOTIVE OFFSHORE SERVICES LIMITED 2010-08-13 → 2014-11-06
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 | £21,104,180 | £29,669,302 | |
| Operating profit | £3,366,382 | £8,287,402 | |
| Profit before tax | £3,317,295 | £8,250,939 | |
| Net profit | £2,900,855 | £7,379,733 | |
| Cash | £454,056 | £806,183 | |
| Total assets less current liabilities | £5,946,757 | £14,597,831 | |
| Net assets | £4,885,759 | £12,265,492 | |
| Equity | £4,885,759 | £12,265,492 | |
| Average employees | 114 | 126 | |
| Wages | £5,297,098 | £6,729,032 |
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 | 16.0% | 27.9% | |
| Net margin | 13.7% | 24.9% | |
| Return on capital employed | 56.6% | 56.8% | |
| Gearing (liabilities / total assets) | 71.6% | 57.0% | |
| Current ratio | 0.82x | 1.21x | |
| Interest cover | 68.58x | 227.28x |
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
“Financial statements prepared on going concern basis. Directors considered group's working capital and funding for 2025/26. Motive Topco Limited (parent) provided support letter confirming continued strategic, operational, and financial assistance for at least 12 months from signing. Parent will not recall loans unless company funds permit without adversely affecting going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SLATTERY, Declan Joseph | Secretary | 2020-09-17 | — | — |
| ACTON, David Edward | Director | 2011-07-01 | Jul 1979 | British |
| GREGG, James Philip | Director | 2010-08-13 | Dec 1979 | British |
| SLATTERY, Declan Joseph | Director | 2020-09-17 | Feb 1984 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ACTON, Edward Lindsay | Secretary | 2014-09-11 | 2019-03-08 |
| BREBNER, John | Secretary | 2019-03-08 | 2020-10-07 |
| BROWN, Russell James | Director | 2010-08-13 | 2012-06-20 |
| MURRAY, Colin | Director | 2015-02-16 | 2015-08-01 |
| SMIT, Bastiaan Theodorus Johannes | Director | 2012-07-26 | 2016-02-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Motive Offshore Group Ltd | Corporate entity | Shares 75–100% | 2020-02-03 | Active |
| Mr James Philip Gregg | Individual | ownership-of-shares-50-to-75-percent-as-firm, voting-rights-50-to-75-percent-as-firm, Appoints directors, Significant influence | 2016-04-06 | Ceased 2020-02-03 |
| Mr David Edward Acton | Individual | ownership-of-shares-25-to-50-percent-as-firm, voting-rights-25-to-50-percent-as-firm, Appoints directors, Significant influence | 2016-04-06 | Ceased 2020-02-03 |
Filing timeline
Last 20 of 80 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-07-19 MA Memorandum articles
- 2022-07-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2024-09-13 | AA | accounts | Accounts with accounts type full | |
| 2024-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-20 | AA | accounts | Accounts with accounts type full | |
| 2023-08-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-19 | MA | incorporation | Memorandum articles | |
| 2022-07-19 | RESOLUTIONS | resolution | Resolution | |
| 2022-07-14 | AA | accounts | Accounts with accounts type full | |
| 2022-01-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-12-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-09-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-09 | AA | accounts | Accounts with accounts type full | |
| 2021-03-30 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2021-03-30 | 466(Scot) | mortgage | Mortgage alter floating charge with number |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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 2024-12-31 vs 2023-12-31
-
Turnover
+40.6%
£21,104,180 £29,669,302
-
Cash
+77.6%
£454,056 £806,183
-
Net assets
+151%
£4,885,759 £12,265,492
-
Employees
+10.5%
114 126
-
Operating profit
+146.2%
£3,366,382 £8,287,402
-
Profit before tax
+148.7%
£3,317,295 £8,250,939
-
Wages
+27%
£5,297,098 £6,729,032
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