OCADO OPERATING LIMITED
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Cash
£0
-100% vs 2024
Net assets
£411m
+7.4% vs 2024
Employees
—
Average over period
Profit before tax
£35m
-60.3% vs 2024
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.
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30
| Metric | Trend | 2024-12-01 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,038,000,000 | £1,125,100,000 | +8.4% | |
| Operating profit | £110,600,000 | £54,300,000 | -50.9% | |
| Profit before tax | £88,000,000 | £34,900,000 | -60.3% | |
| Net profit | £85,800,000 | £27,300,000 | -68.2% | |
| Cash | £600,000 | £0 | -100% | |
| Total assets less current liabilities | £646,400,000 | £653,500,000 | +1.1% | |
| Net assets | £382,500,000 | £410,700,000 | +7.4% | |
| Equity | £382,500,000 | £410,700,000 | +7.4% | |
| 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 | 2024-12-01 | 2025-11-30 |
|---|---|---|---|
| Operating margin | 10.7% | 4.8% | |
| Net margin | 8.3% | 2.4% | |
| Return on capital employed | 17.1% | 8.3% | |
| Gearing (liabilities / total assets) | 72.8% | 67.0% | |
| Current ratio | 0.09x | 0.14x | |
| Interest cover | 3.17x | 2.01x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's financial statements have been prepared on the going concern basis and are disclosed in Note 1.4 to the financial statements. During the 52 week period to 30 November 2025, the Company generated a profit after tax of £27.3m (2024 (restated): profit of £85.8m) and as at the Balance Sheet date has net current liabilities of £506.8m (2024 (restated): £692.8m). After making appropriate enquiries, having considered the business activities, the facts described above, and the Company's principal risks and uncertainties, 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 stating that it will continue to support the Company for a period of not less than 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 7 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 |
| MCCLORY, Brian | Director | 2026-03-20 | Mar 1973 | British |
| STEINER, Timothy | Director | 2014-05-19 | Dec 1969 | British |
| STOKER, Mollie | Director | 2025-09-12 | Mar 1977 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABRAMS, Neill | Secretary | 2014-05-19 | 2025-11-28 |
| COOPER, Robert Mcneill | Secretary | 2014-06-12 | 2025-10-27 |
| ABRAMS, Neill | Director | 2014-05-19 | 2025-11-28 |
| 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 | 2014-05-19 | 2026-03-30 |
| TATTON-BROWN, Duncan Eden | Director | 2014-05-19 | 2020-11-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ocado Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 62 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 | |
| 2026-03-25 | AP01 | officers | Appoint person director company with name 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 | |
| 2025-09-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 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 medium | |
| 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 | |
| 2023-10-13 | 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 no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- 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.