MIDLANDS TRUCK & VAN LIMITED
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Cash
£7.9m
-34.9% lowest in 3 filed years
Net assets
£13m
+2% vs 2024
Employees
388
+14.1% highest in 3 filed years
Profit before tax
£744k
-86.4% lowest in 3 filed years
Watch the reel
Our short-form breakdown of MIDLANDS TRUCK & VAN LIMITED's latest filing
Midlands Truck & Van moved £200m of metal, but the margins are razor thin. Here's a look inside the dealership's latest accounts. 🚚📊
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £163,457,122 | £160,471,404 | £200,455,678 | +24.9% | |
| Operating profit | £6,306,281 | £5,631,783 | £1,744,480 | -69% | |
| Profit before tax | £6,004,364 | £5,485,517 | £744,436 | -86.4% | |
| Net profit | £5,462,635 | £2,288,495 | £420,312 | -81.6% | |
| Cash | £9,662,811 | £12,097,532 | £7,872,947 | -34.9% | |
| Total assets less current liabilities | £15,605,961 | £12,801,695 | £14,180,103 | +10.8% | |
| Net assets | £15,376,282 | £12,664,777 | £12,914,633 | +2% | |
| Equity | £15,376,282 | £12,664,777 | £12,914,633 | +2% | |
| Average employees | 310 | 340 | 388 | +14.1% | |
| Wages | £11,898,668 | £13,098,988 | £16,248,400 | +24% | |
| Directors' remuneration | £574,488 | £699,224 | £908,670 | +30% |
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 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | 3.9% | 3.5% | 0.9% | |
| Net margin | 3.3% | 1.4% | 0.2% | |
| Return on capital employed | 40.4% | 44.0% | 12.3% | |
| Gearing (liabilities / total assets) | 74.3% | 78.0% | 85.7% | |
| Current ratio | 1.32x | 1.26x | 1.14x | |
| Interest cover | 5.99x | 3.79x | 0.90x |
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
- Grant Thornton (NI) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the use of the going concern basis of accounting in the preparation of the financial statemer. appropriate. Based on the work we have perforined, we have not identified any material uncertainties relating to events or conditions that, individually or collectivel: cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements authorised for issue.”
Significant events
- “On 7th July 2025, Midlands Truck and Van Limited merged with fellow group company Intercounty Truck and Van Limited, continuing operations unc Midlands Truck and Van Limited. As such, Intercounty Truck and Van ceased trading independently.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DARRAGH, James | Secretary | 2023-06-05 | — | — |
| CAROLAN, Michael | Director | 2021-11-29 | May 1983 | British |
| HILLMAN, Alex | Director | 2021-11-29 | Apr 1979 | British |
| HUDSON, Richard Nigel Philip | Director | 2024-12-31 | Nov 1967 | British |
| MONTGOMERY, Colin John Hugh | Director | 2019-11-29 | Jul 1976 | British |
| WILLETTS, Lee James | Director | 2020-01-17 | Mar 1972 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MONTGOMERY, Harold Hugh | Secretary | 2019-02-08 | 2020-08-25 |
| THOMSON, Alan | Secretary | 2011-01-13 | 2019-02-08 |
| WILLETTS, Lee James | Secretary | 2020-09-25 | 2023-06-05 |
| BIRKMYRE, David Nigel | Director | 2011-01-13 | 2019-11-29 |
| DIVERS, Jonathan William | Director | 2013-09-02 | 2019-01-24 |
| HUNT, Steven | Director | 2013-09-02 | 2025-12-31 |
| MONTGOMERY, Harold Hugh | Director | 2011-01-13 | 2020-09-24 |
| THOMSON, Alan William | Director | 2011-01-13 | 2019-02-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ballyvesey Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 60 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-17 | AA | accounts | Accounts with accounts type full | |
| 2026-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-26 | AA | accounts | Accounts with accounts type full | |
| 2025-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-30 | AA | accounts | Accounts with accounts type full | |
| 2024-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-23 | AA | accounts | Accounts with accounts type full | |
| 2023-06-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-06-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-06 | AA | accounts | Accounts with accounts type full | |
| 2022-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-11 | AA | accounts | Accounts with accounts type full | |
| 2021-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-30 | CH01 | officers | Change person director company with change date | |
| 2020-11-27 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.