MERITOR HEAVY VEHICLE SYSTEMS LIMITED
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Cash
—
Latest balance sheet
Net assets
-£120M
-0.7% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£835K
+91.6% vs 2024
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.
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£45,000 | -£136,000 | -£29,000 | +78.7% | |
| Profit before tax | -£323,000 | -£9,961,000 | -£835,000 | +91.6% | |
| Net profit | -£323,000 | -£9,961,000 | -£801,000 | +92% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | -£109,112,000 | -£102,974,000 | -£103,087,000 | -0.1% | |
| Net assets | -£109,112,000 | -£119,073,000 | -£119,874,000 | -0.7% | |
| Equity | -£109,112,000 | -£119,073,000 | -£119,874,000 | -0.7% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Current ratio | — | 0.00x | — | |
| Interest cover | -0.01x | -0.01x | -0.00x |
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.
Name history
Renamed 3 times since incorporation
- MERITOR HEAVY VEHICLE SYSTEMS LIMITED 1997-10-03 → present
- ROR MERITOR LIMITED 1997-09-01 → 1997-10-03
- ROR ROCKWELL LIMITED 1992-09-25 → 1997-09-01
- RUBERY OWEN-ROCKWELL LIMITED 1943-03-03 → 1992-09-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- UHY Hacker Young
- Audit opinion
- Qualified
- Going concern
- Affirmed
“The auditor concluded that the directors' use of the going concern basis of accounting is appropriate. No material uncertainties were identified that may cast significant doubt on the company's ability to continue as a going concern for at least twelve months from the authorisation of the financial statements.”
Group structure
- MERITOR HEAVY VEHICLE SYSTEMS LIMITED · parent
- Meritor (China) Holdings Limited 0%
- Meritor Aftermarket Netherlands BV 100%
- Meritor Aftermarket Spain S.A.U. 100%
- Meritor Aftermarket UK Limited 100%
- Meritor Commercial Vehicle Systems India Private Limited 0%
- Meritor Drivetrain Systems (Nanjing) Company Limited 0%
- Meritor Germany GmbH 25.95%
- Meritor Heavy Vehicle Systems (Manufacturing) Limited 100%
- Meritor Holdings (Barbados) Limited 0%
- Xuzhou Meritor Axle Company Limited 0%
Significant events
- “Subsequent to the balance sheet date, the Company identified tax losses surrendered to group undertakings for nil consideration without sufficient distributable reserves and has developed a remediation plan to record receivables from beneficiaries at fair market value.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BENNETT, Paul Michael | Director | 2025-08-01 | Jan 1985 | British |
| BYRNE, Anna Louise | Director | 2025-10-01 | Jan 1983 | British |
| HOLTHOUSE, Amerigo, Mr. | Director | 2024-08-01 | Jan 1981 | Italian |
| MARCHBANK, Nataly Dorothy | Director | 2025-08-01 | May 1979 | South African |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EILANDER, Brett | Secretary | 2017-09-22 | 2017-11-06 |
| GARNER, John | Secretary | — | 1993-09-17 |
| JAMES, Huw David | Secretary | 2021-01-01 | 2025-10-01 |
| JAMES, Huw David | Secretary | 2017-11-06 | 2019-02-28 |
| JAMES, Huw David | Secretary | 2016-06-01 | 2017-09-22 |
| JOHNSON, Allan Howie Stanley | Secretary | 1997-09-30 | 2007-05-18 |
| LAMBE, Aiden Peter Michael | Secretary | 2007-05-18 | 2016-06-01 |
| WARD DYER, Robert Francis George | Secretary | 1996-07-31 | 1997-09-30 |
| WHITLEY, David Norman | Secretary | 1993-09-17 | 1996-07-31 |
| NOROSE COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2019-02-28 | 2025-06-02 |
| BRITT, Philip Stuart | Director | 1996-09-25 | 2001-01-29 |
| CARVALHO, Sergio | Director | 2001-01-22 | 2007-05-31 |
| CHRISTMAN, Charles L | Director | 2013-06-12 | 2013-08-06 |
| CRABLE, John Allen Gretkierewicz | Director | 2010-03-01 | 2013-06-12 |
| CRAIG, Jay | Director | 2007-07-11 | 2010-03-01 |
| DERNBERGER, David Slater | Director | 2000-06-22 | 2001-06-18 |
| DUXBURY, Howard | Director | — | 1992-11-18 |
| EYLES, Melanie | Director | 2024-08-01 | 2025-08-01 |
| GUY, Elizabeth Mary Anne | Director | 2018-04-23 | 2024-02-15 |
| HARROP, Mark | Director | 2001-01-22 | 2004-12-08 |
| HARRUP, Clive James | Director | 2001-04-23 | 2005-05-15 |
| HINCHLIFFE, David Robert | Director | 1996-02-28 | 2000-01-31 |
| HOPGOOD, Daniel | Director | 2010-03-01 | 2011-12-01 |
| HUMPHREY, Stephen Milne | Director | — | 1994-03-08 |
| JAMES, Huw David | Director | 2016-06-01 | 2025-10-01 |
| JOHNSON, Allan Howie Stanley | Director | 1996-09-25 | 2007-05-18 |
| JONES, Donald Jesse | Director | — | 1993-05-14 |
| KRIVAN, Harold Edward | Director | — | 1992-11-18 |
| LAMBE, Aiden Peter Michael | Director | 2004-12-08 | 2016-06-01 |
| LUC, Stephen Anthony | Director | 2003-10-29 | 2007-01-26 |
| LUCKHURST, Stanley Thomas | Director | — | 1997-09-30 |
| MCGREGOR, Scott | Director | 2013-08-06 | 2018-04-23 |
| MULCHANDANI, Prakash Ramchand | Director | 1992-11-18 | 2000-11-13 |
| NOWLAN, Kevin Anthony | Director | 2011-12-01 | 2013-02-11 |
| NUIJT, Hugorinus Catharinus | Director | 2007-07-03 | 2010-03-01 |
| OGLEY, Melanie Jayne | Director | 1992-11-18 | 1993-06-09 |
| PENZKOFER, Brett | Director | 2013-02-25 | 2013-06-12 |
| RAMOS, Jose Arturo | Director | 2018-04-23 | 2024-08-01 |
| SCHAITKIN, Mark | Director | 2013-06-12 | 2018-04-23 |
| SMITH, Edward David | Director | 2024-08-01 | 2025-08-01 |
| STOREY, Roger Harry | Director | 1996-03-19 | 1999-02-12 |
| STOREY, Roger Harry | Director | — | 1996-02-28 |
| THOMPSON, Richard Edgar | Director | 2007-04-11 | 2012-10-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Arvinmeritor Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-08-11 | Active |
Filing timeline
Last 20 of 244 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type full | |
| 2026-06-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-01 | AA | accounts | Accounts with accounts type full | |
| 2025-06-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-13 | AA | accounts | Accounts with accounts type full | |
| 2024-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-26 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 4
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.