MOORWAND LTD
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Cash
£744k
-31.2% vs 2024
Net assets
£1.6m
+2.7% highest in 5 filed years
Employees
75
+25% highest in 5 filed years
Profit before tax
£243k
-38.7% first positive since 2020
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2020-10-31 | 2021-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £1,757,568 | £3,671,987 | £3,274,932 | £5,189,942 | £5,816,379 | +12.1% | |
| Operating profit | -£1,576,083 | £257,105 | £96,502 | -£331,594 | -£811,572 | -144.7% | |
| Profit before tax | -£605,085 | £88,021 | £100,799 | £396,121 | £242,932 | -38.7% | |
| Net profit | -£495,974 | £238,419 | £47,728 | £200,018 | £57,226 | -71.4% | |
| Cash | £1,662,446 | £633,251 | £731,708 | £1,081,103 | £744,184 | -31.2% | |
| Total assets less current liabilities | £1,691,738 | £1,559,043 | £1,413,068 | £1,587,213 | £1,629,010 | +2.6% | |
| Net assets | £1,254,613 | £1,493,032 | £1,411,821 | £1,585,563 | £1,627,855 | +2.7% | |
| Equity | £1,254,613 | £1,493,032 | £1,411,821 | £1,585,563 | £1,627,855 | +2.7% | |
| Average employees | 11 | 14 | 57 | 60 | 75 | +25% | |
| Wages | £700,643 | £819,837 | £1,041,307 | £1,955,029 | £2,273,095 | +16.3% | |
| Directors' remuneration | £175,958 | £252,307 | £386,310 | £426,301 | £347,974 | -18.4% |
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 | 2020-10-31 | 2021-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|---|---|---|
| Operating margin | -89.7% | 7.0% | 2.9% | -6.4% | -14.0% | |
| Net margin | -28.2% | 6.5% | 1.5% | 3.9% | 1.0% | |
| Return on capital employed | -93.2% | 16.5% | 6.8% | -20.9% | -49.8% | |
| Gearing (liabilities / total assets) | — | — | 97.4% | 98.3% | 98.3% | |
| Current ratio | — | — | 1.03x | 1.02x | 1.02x | |
| Interest cover | -3.74x | 1.50x | 10.00x | -0.52x | -0.91x |
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 2 times since incorporation
- MOORWAND LTD 2016-11-11 → present
- UPAYCARD LTD 2014-04-09 → 2016-11-11
- MOORBANK ENTERPRISE LIMITED 2013-04-16 → 2014-04-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the Group and parent Company have adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- MOORWAND LTD · parent
- Moorwand Solutions SRL 100%
Significant events
- “The Company was party to litigation that remained ongoing at the balance sheet date of 31 October 2025. The appeal was heard on 25 and 26 June 2026, and the Court of Appeal published its judgment in the Company's favour on 21 July 2026. All funds subject to the claim are to be returned to the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRIEDRICH, Kevin Joe | Director | 2022-08-30 | Oct 1980 | British |
| GLADSTONE, Vicki Louise | Director | 2022-12-01 | Dec 1969 | British |
| GUERIANE, Luc | Director | 2020-03-26 | Feb 1981 | British |
| LAWLOR, Brian Joseph | Director | 2020-10-16 | Oct 1977 | British |
| MCKELLAR, Stephen | Director | 2022-04-01 | Apr 1983 | British |
| VLASSIOU, John | Director | 2025-09-11 | Apr 1980 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2013-04-16 | 2014-04-01 |
| ALMAREE, Wael Sulaiman | Director | 2018-04-10 | 2019-04-19 |
| BAZILLE, Alain Pierre Jacques | Director | 2014-04-01 | 2019-05-17 |
| COURTNEIDGE, Robert Edmund | Director | 2018-04-10 | 2020-03-06 |
| GLADSTONE, Vicki Louise | Director | 2020-01-01 | 2022-08-30 |
| GOSLAR, Alan Richard | Director | 2014-04-01 | 2015-04-01 |
| HOY, Simon Hedley | Director | 2016-08-01 | 2019-05-31 |
| MAHONEY, Gareth Anthony Nicholls | Director | 2022-08-30 | 2024-09-17 |
| MWANJE, Aphrodite Kasibina | Director | 2013-04-16 | 2014-04-01 |
| WHEELER, Mark Wayne | Director | 2014-04-01 | 2019-06-10 |
| CORPORATE DIRECTORS LIMITED | Corporate Director | 2013-04-16 | 2014-04-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Wael Sulaiman Almaree | Individual | Shares 75–100% | 2019-05-03 | Active |
| Mr Robert Edmund Courtneidge | Individual | Significant influence | 2019-05-02 | Ceased 2020-03-06 |
| Mr Robert Edmund Courtneidge | Individual | Significant influence | 2018-11-26 | Ceased 2019-05-02 |
| Mr Alain Pierre, Jacques Bazille | Individual | Shares 75–100% | 2016-05-01 | Ceased 2018-11-26 |
Filing timeline
Last 20 of 88 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-06 RESOLUTIONS Resolution
- 2024-12-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-30 | AA | accounts | Accounts with accounts type group | |
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-14 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-31 | AA | accounts | Accounts with accounts type group | |
| 2025-01-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-06 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-11 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-09 | SH02 | capital | Capital alter shares subdivision | |
| 2024-09-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-30 | AA | accounts | Accounts with accounts type group | |
| 2024-07-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-30 | AA | accounts | Accounts with accounts type group | |
| 2023-07-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-31 | AA | accounts | Accounts with accounts type full | |
| 2022-08-30 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- Officers appointed
- 1
- 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.