MIDLAND EXPRESSWAY LIMITED
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Cash
£3.4m
+168% vs 2024
Net assets
-£147m
+21.7% highest in 3 filed years
Employees
121
-8.3% lowest in 3 filed years
Profit before tax
£45m
+35.3% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials 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 | £134,910,000 | £139,348,000 | £148,640,000 | +6.7% | |
| Operating profit | £104,427,000 | £104,958,000 | £112,689,000 | +7.4% | |
| Profit before tax | £29,719,000 | £33,611,000 | £45,478,000 | +35.3% | |
| Net profit | £19,168,000 | £31,856,000 | £40,770,000 | +28% | |
| Cash | £13,548,000 | £1,279,000 | £3,428,000 | +168% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | -£220,005,000 | -£188,149,000 | -£147,379,000 | +21.7% | |
| Equity | -£220,005,000 | -£188,149,000 | -£147,379,000 | +21.7% | |
| Average employees | 137 | 132 | 121 | -8.3% | |
| Wages | £5,808,000 | £6,882,000 | £7,233,000 | +5.1% | |
| Directors' remuneration | £163,000 | £140,000 | £140,000 | 0% |
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 |
|---|---|---|---|---|
| Operating margin | 77.4% | 75.3% | 75.8% | |
| Net margin | 14.2% | 22.9% | 27.4% | |
| Gearing (liabilities / total assets) | 135.6% | 131.7% | 123.6% | |
| Current ratio | 0.02x | 0.52x | 0.35x | |
| Interest cover | 1.38x | 1.44x | 1.65x |
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.
Name history
Renamed 1 time since incorporation
- MIDLAND EXPRESSWAY LIMITED 1990-11-19 → present
- SPIRESHOT LIMITED 1988-10-27 → 1990-11-19
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above, and the enquiries made by the directors, the financial results have been prepared on a going-concern basis, which assumes that company will be able to meet its liabilities as and when they fall due for the foreseeable future, being at least twelve months from the date of signing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 63 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BELFIELD, Lee Anthony | Director | 2023-01-20 | Mar 1988 | British |
| DALEY, Kenneth Frederick | Director | 2017-11-06 | Jan 1950 | Australian |
| GAGO DE PEDRO, Joaquin | Director | 2022-01-12 | Dec 1980 | Spanish |
| PARCELL, Graham James | Director | 2013-12-13 | Nov 1956 | British |
| ROSEWELL, Bridget Clare | Director | 2020-01-02 | Sep 1951 | British |
Show 63 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLEN, James | Secretary | 2018-01-03 | 2023-04-20 |
| DUFFY, Claire | Secretary | 2023-10-10 | 2025-02-28 |
| LAYCOCK, Rufus | Secretary | — | 1997-10-22 |
| SLATER, David Alan | Secretary | 2000-12-12 | 2018-01-03 |
| MACQUARIE INFRASTRUCTURE (UK0 LTD | Corporate Secretary | 1999-10-29 | 2000-12-12 |
| TH GROUP SERVICES LIMITED | Corporate Secretary | 1997-10-22 | 1999-10-29 |
| ABEL, Richard | Director | 2010-10-25 | 2017-05-05 |
| ALLEGRA, Marco, Avv | Director | — | 1993-05-26 |
| ANGERS, Brian Mason | Director | — | 1993-01-15 |
| BOYLE, John Charles, Dr | Director | 2002-03-27 | 2004-02-06 |
| BROWN, Austen Patrick, Sir | Director | 1998-07-01 | 1999-08-11 |
| CAPPON, Claudio | Director | 1993-05-26 | 1996-01-01 |
| CHANTER, Colin David | Director | 2005-02-17 | 2010-05-21 |
| CHINTAMANENI, Deepu Prasad | Director | 2020-01-06 | 2022-02-01 |
| CHINTAMANENI, Deepu Prasad | Director | 2017-05-05 | 2019-03-20 |
| CLARKE, Keith Edward | Director | 1993-06-16 | 1994-05-24 |
| CLIFFE, Andrew James | Director | 2018-04-16 | 2021-12-31 |
| CORDOVA, Pietro, Dr | Director | 2001-05-22 | 2005-06-17 |
| DYER, Peter, Dr | Director | 2000-12-12 | 2007-12-20 |
| DYER, Peter, Dr | Director | 1996-03-23 | 2000-01-24 |
| EVANS, Anthony Gordon | Director | 1995-10-26 | 1996-06-18 |
| EVANS, Anthony Gordon | Director | — | 1995-08-04 |
| FANNING, Thomas Joseph | Director | 2001-10-08 | 2015-05-31 |
| FLETCHER, John Wilfred Sword | Director | — | 2000-02-18 |
| FLORES, Angelo | Director | 1993-05-26 | 1996-01-01 |
| FREZZA, Francesco | Director | 2000-08-03 | 2000-11-01 |
| GILLESPIE, Richard Douglas Barrie | Director | 1992-11-09 | 1996-03-23 |
| GRANATI, Stefano | Director | 1996-01-01 | 2000-05-29 |
| HAMILTON, Michael John | Director | — | 1996-12-31 |
| HARRISON, David Stephen | Director | 2002-11-01 | 2008-12-18 |
| HARRISON, Leigh Peter | Director | 2010-05-21 | 2010-10-21 |
| HATELEY, Richard Ian | Director | 1996-06-18 | 1999-03-01 |
| HUGHES, Richard John | Director | 2009-01-21 | 2010-02-02 |
| JAMES, Nicholas Peter | Director | 1999-11-15 | 2002-03-27 |
| KING, Clifford | Director | 1994-05-24 | 1998-07-01 |
| KING, Clifford | Director | — | 1993-06-16 |
| KIRBY, John Peter | Director | 1993-01-15 | 1995-10-26 |
| MACDONALD, Sean Gerard | Director | 2004-03-18 | 2008-12-18 |
| MARANO, Antonio | Director | 2004-10-25 | 2005-06-17 |
| MAZIO, Alighiero, Dr | Director | 1997-01-01 | 2000-08-02 |
| MEHTA, Manoj | Director | 2017-05-05 | 2021-12-14 |
| MENGOZZI, Francesco | Director | — | 1996-01-01 |
| MOLAIOLI, Mario | Director | — | 1993-05-26 |
| MOURAD, Karim | Director | 2006-10-20 | 2008-03-27 |
| MUNDAE, Mandeep Singh | Director | 2021-10-01 | 2022-07-20 |
| NUCCI, Settimio | Director | 1996-01-01 | 2000-08-02 |
| PARKINSON OF CARNFORTH, Cecil Edward, Rt Hon Lord | Director | 1993-04-29 | 1996-12-31 |
| PAUL, Nicholas Campbell | Director | 2008-01-01 | 2010-03-31 |
| PEARSON, Andrew Mitchell | Director | 2015-06-01 | 2017-11-06 |
| PIRZIO BIROLI, Alessandro | Director | 2000-08-03 | 2004-04-08 |
| PRATO, Maurizio | Director | — | 1993-05-26 |
| RAMACCIA, Roberto | Director | 2000-08-03 | 2005-06-17 |
| ROBERTS, John Stuart Hugh | Director | 2000-01-24 | 2003-07-09 |
| ROCKLEY, James Hugh Cecil, Lord | Director | — | 1993-10-27 |
| SLATER, Michael John | Director | 1999-04-28 | 2000-03-03 |
| SLATER, Michael John | Director | — | 1993-01-15 |
| SMITH, Thomas William Mclardy | Director | 1997-05-01 | 2001-08-31 |
| STARACE, Riccardo | Director | — | 2005-06-17 |
| SYMONDS, Duncan John | Director | 2019-03-20 | 2020-05-18 |
| TRENT, Peter | Director | 2010-02-02 | 2017-05-05 |
| WATKINS, James Arthur | Director | 1995-08-04 | 1996-06-18 |
| WHELAN, Michael | Director | 2022-08-02 | 2023-01-20 |
| ZUPPI, Marco | Director | 1993-05-26 | 1996-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Midland Motorways Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 296 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-27 MA Memorandum articles
- 2023-01-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type full | |
| 2026-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-03-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-12 | AA | accounts | Accounts with accounts type full | |
| 2023-11-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-12 | AA | accounts | Accounts with accounts type full | |
| 2023-05-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-01-27 | MA | incorporation | Memorandum articles | |
| 2023-01-27 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-03 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.