MIDWICH GROUP PLC
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Cash
£45m
+4.4% vs 2024
Net assets
£160m
+0.6% vs 2024
Employees
1,953
0% vs 2024
Profit before tax
-£23m
-174.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | £1,295,079,000 | £1,317,030,000 | £1,291,797,000 | -1.9% | |
| Operating profit | £41,583,000 | £24,123,000 | -£14,858,000 | -161.6% | |
| Profit before tax | £38,547,000 | £30,504,000 | -£22,839,000 | -174.9% | |
| Net profit | £30,923,000 | £16,030,000 | — | — | |
| Cash | £56,135,000 | £42,799,000 | £44,699,000 | +4.4% | |
| Total assets less current liabilities | £440,002,000 | £300,020,000 | £386,722,000 | +28.9% | |
| Net assets | £196,144,000 | £159,189,000 | £160,079,000 | +0.6% | |
| Equity | £196,144,000 | £159,189,000 | £160,079,000 | +0.6% | |
| Average employees | 1,988 | 1,953 | 1,953 | 0% | |
| Wages | £84,301,000 | £108,487,000 | £104,945,000 | -3.3% | |
| Directors' remuneration | £1,405,000 | £956,000 | £975,000 | +2% |
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 | 3.2% | 1.8% | -1.2% | |
| Net margin | 2.4% | 1.2% | — | |
| Return on capital employed | 9.5% | 8.0% | -3.8% | |
| Gearing (liabilities / total assets) | 69.8% | 76.2% | 78.5% | |
| Current ratio | 1.65x | 1.12x | 1.17x | |
| Interest cover | 4.33x | 4.51x | -1.90x |
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.
Name history
Renamed 2 times since incorporation
- MIDWICH GROUP PLC 2016-04-15 → present
- MIDWICH GROUP LIMITED 2016-04-15 → 2016-04-15
- JADE 320 LIMITED 2013-11-27 → 2016-04-15
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have adopted the going concern basis in preparing the financial information... The Board believes there are no material uncertainties that cast significant doubt on the Group's ability to continue as a going concern.”
Group structure
- MIDWICH GROUP PLC · parent
- Midwich Limited 100%
- NMK Electronics Trading LLC 100%
- Sales SAS 100%
- Midwich Australia Holding Pty Ltd 100%
- Kern Und Stady Medientechnik GmbH 100%
- Midwich Iberia S.A.U. 100%
- Midwich Benelux Holding B.V. 100%
- Transport en Opslagdienst van Dongen B.V. 100%
- Think Technologies 100%
- DVS Ltd 65%
Significant events
- “The Group incurred an exceptional charge in 2025 of £38.3m (2024: £12.0m) comprising largely restructuring costs, a significant write down in the value of the Group's ERP system.”
- “The Group took the decision to exit two small loss-making businesses at the end of 2024 and one large legacy business in 2025.”
- “The Group increased its holding in Midwich International Limited from 70% to 100% and Cooper Projects Limited from 75% to 100% in 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HALL, Lauren Frances | Secretary | 2026-02-13 | — | — |
| ASHLEY, Michael | Director | 2016-04-13 | Nov 1967 | British |
| COUNCELL, Adam Thomas | Director | 2026-03-02 | Jun 1978 | British |
| FENBY, Stephen Barry | Director | 2013-11-27 | Aug 1963 | British |
| HERBERT, Andrew Charles | Director | 2016-04-13 | Feb 1960 | British |
| SEEKINGS, Alison Dawn | Director | 2024-03-19 | Jun 1967 | British |
| WRIGHT, Hilary | Director | 2018-03-09 | Mar 1959 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAILEY, Anthony Michael George | Secretary | 2016-04-13 | 2018-06-29 |
| FENBY, Jane | Secretary | 2013-11-27 | 2016-04-13 |
| FENBY, Stephen | Secretary | 2018-06-29 | 2018-09-19 |
| GARNHAM, Andrew Kenneth | Secretary | 2024-12-05 | 2025-12-31 |
| LAMB, Stephen | Secretary | 2025-12-31 | 2026-02-13 |
| LAMB, Stephen | Secretary | 2018-09-19 | 2024-12-05 |
| BAILEY, Anthony Michael George | Director | 2015-12-15 | 2018-06-29 |
| LAMB, Stephen | Director | 2018-09-10 | 2026-02-27 |
| LEWITT, Darren Paul | Director | 2013-12-20 | 2015-11-25 |
| WARD, Alexander Christopher | Director | 2013-12-20 | 2015-11-25 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 131 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-09 | AA | accounts | Accounts with accounts type group | |
| 2026-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-01 | SH01 | capital | Capital allotment shares | |
| 2026-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-12-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-27 | CH01 | officers | Change person director company with change date | |
| 2025-06-04 | SH01 | capital | Capital allotment shares | |
| 2025-05-21 | AA | accounts | Accounts with accounts type group | |
| 2024-12-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-12-02 | CH01 | officers | Change person director company with change date | |
| 2024-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-29 | CH01 | officers | Change person director company with change date | |
| 2024-05-04 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 2
- Officers appointed
- 2
- Officers resigned
- 3
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.