OCADO SOLUTIONS LIMITED
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Cash
£500k
-86.1% lowest in 3 filed years
Net assets
-£300m
+1.7% vs 2024
Employees
—
Average over period
Profit before tax
£5.3m
+111% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
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 Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30
| Metric | Trend | 2023-12-03 | 2024-12-01 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £48,600,000 | £56,300,000 | £106,700,000 | +89.5% | |
| Operating profit | -£53,800,000 | -£43,000,000 | £6,900,000 | +116% | |
| Profit before tax | -£60,500,000 | -£48,000,000 | £5,300,000 | +111% | |
| Net profit | -£60,500,000 | -£48,000,000 | £5,300,000 | +111% | |
| Cash | £3,300,000 | £3,600,000 | £500,000 | -86.1% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | -£257,600,000 | -£305,600,000 | -£300,300,000 | +1.7% | |
| Equity | -£257,600,000 | — | — | — | |
| Average employees | — | — | — | — | |
| 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 | 2023-12-03 | 2024-12-01 | 2025-11-30 |
|---|---|---|---|---|
| Operating margin | -110.7% | -76.4% | 6.5% | |
| Net margin | -124.5% | -85.3% | 5.0% | |
| Gearing (liabilities / total assets) | 188.9% | 302.3% | 247.1% | |
| Current ratio | — | 0.44x | 0.62x | |
| Interest cover | -22.42x | -18.70x | 69.00x |
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 4 times since incorporation
- OCADO SOLUTIONS LIMITED 2018-06-13 → present
- OCADO INTERNATIONAL HOLDINGS LIMITED 2017-04-26 → 2018-06-13
- JALAPENO PARTNERS LIMITED 2001-06-26 → 2017-04-26
- OCADO LIMITED 2001-04-25 → 2001-06-26
- OCADA LIMITED 2001-04-24 → 2001-04-25
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied that the Company and the Ocado Group as a whole have adequate resources to continue in operational existence for the foreseeable future. The Directors have received a signed letter of support from Ocado Group plc that it will continue to support the Company for a period of not less than 12 months from date of approval of these financial statements.”
Group structure
- OCADO SOLUTIONS LIMITED · parent
- Ocado Solutions Australia Pty Limited 100%
- Ocado Solutions Canada Inc. 100%
- Ocado Solutions France SAS 100%
- Ocado Solutions Japan K.K. 100%
- Ocado Solutions Sweden AB 100%
- Ocado Solutions Proco (US) LLC 100%
- Ocado Solutions USA Inc. 100%
- Ocado Solutions Spain, S.L. 100%
- Ocado Solutions Polska sp z.o.o 100%
- Ocado Solutions Korea Limited 100%
- O' Logistics SAS 50%
Significant events
- “On 18 November 2025, The Kroger Co. ("Kroger") announced plans to optimise its Customer Fulfilment Centers ("CFCs") network, resulting in the closure of three operational CFCs in January 2026.”
- “Subsequently on 5 December 2025, the Group announced that it had entered into a settlement agreement with Kroger under which Kroger would make a one-off cash payment of US$350.0m to compensate Ocado following Kroger's decision to close the three CFCs in January 2026, and not to proceed with the CFC in Charlotte, North Carolina. The payment was received by the Group on 30 January 2026.”
- “On 29 January 2026, the Group announced that, following an assessment of e-commerce demand in key markets, Sobeys had decided to close its CFC in Calgary, Alberta. The Group received compensation of £18.5m for the closure of the CFC on 2 February 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STOKER, Mollie | Secretary | 2025-10-24 | — | — |
| DAINTITH, Stephen Wayne | Director | 2021-03-22 | May 1964 | British |
| MATTHEWS, James Xavier | Director | 2025-04-17 | Oct 1983 | British |
| STEINER, Timothy | Director | 2014-06-12 | Dec 1969 | British |
| STOKER, Mollie | Director | 2025-09-12 | Mar 1977 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABRAMS, Neill | Secretary | 2001-06-26 | 2025-11-28 |
| COOPER, Robert Mcneill | Secretary | 2014-06-12 | 2025-10-27 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2001-04-24 | 2001-06-26 |
| ABRAMS, Neill | Director | 2001-06-26 | 2025-11-28 |
| GISSING, Jason Mark Conrad | Director | 2001-06-26 | 2014-05-07 |
| GORRIE, Robert James Alexander | Director | 2005-04-07 | 2013-08-14 |
| JENSEN, Luke Giles William | Director | 2018-03-01 | 2023-09-30 |
| MARTIN, John Walley | Director | 2023-10-12 | 2025-04-17 |
| RICHARDSON, Mark Antony | Director | 2014-06-12 | 2026-03-30 |
| TATTON-BROWN, Duncan Eden | Director | 2014-06-12 | 2020-11-22 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2001-04-24 | 2001-06-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ocado Group Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 110 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-26 | AA | accounts | Accounts with accounts type full | |
| 2026-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-16 | AA | accounts | Accounts with accounts type full | |
| 2025-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-30 | AA | accounts | Accounts with accounts type full | |
| 2024-07-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-12 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- 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.