MOORECO LIMITED
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Cash
£11M
lowest in 3 filed years
Net assets
-£80M
lowest in 3 filed years
Employees
6
lowest in 3 filed years
Profit before tax
-£6.9M
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-02-25 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £24,628,000 | £22,251,000 | £510,000 | — | |
| Operating profit | -£3,262,000 | £4,286,000 | -£823,000 | — | |
| Profit before tax | -£7,036,000 | -£2,442,000 | -£6,898,000 | — | |
| Net profit | -£3,419,000 | -£3,369,000 | -£6,898,000 | — | |
| Cash | £17,454,000 | £35,957,000 | £11,127,000 | — | |
| Total assets less current liabilities | £41,778,000 | £44,531,000 | £24,487,000 | — | |
| Net assets | -£70,182,000 | -£73,544,000 | -£80,444,000 | — | |
| Equity | -£70,182,000 | — | — | — | |
| Average employees | 152 | 86 | 6 | — | |
| Wages | £7,346,000 | £4,392,000 | £286,000 | — | |
| Directors' remuneration | £1,103,000 | £243,000 | £120,000 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 10 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-25 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -13.2% | 19.3% | -161.4% | |
| Net margin | -13.9% | -15.1% | — | |
| Return on capital employed | -7.8% | 9.6% | -3.4% | |
| Gearing (liabilities / total assets) | — | 259.0% | 424.7% | |
| Current ratio | 4.71x | 20.79x | 39.19x | |
| Interest cover | -0.27x | 0.42x | -0.08x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- MOORECO LIMITED 2025-01-16 → present
- PORTALS INTERNATIONAL LIMITED 2021-03-10 → 2025-01-16
- MOORECO LIMITED 2018-01-31 → 2021-03-10
- NEWCO2018 1 LIMITED 2018-01-19 → 2018-01-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As such, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Directors have continued to adopt the going concern basis in preparing the financial statements.”
Group structure
- MOORECO LIMITED · parent
- SennaCo Limited 100%
- GodivaCo Limited 100%
- WhickerCo Limited 100%
- MooreCo Italy Limited 100%
- Portals Technology S.r.l. 100%
- Portals Paper S.A. De C.V. 100%
Significant events
- “disposal of the Portals Paper Ltd operation on 31 December 2024 to the German Speciality Papermaker, Drewsen Spezialpapiere Gmbh & co KG”
- “the completion of the sale of the Portals security components business based in Italy, Fase S.R.L., to IN Groupe, a global specialist in identity and secure digital services”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ATWAL, Aaron Rai | Director | 2023-08-04 | May 1989 | British |
| HOLLIDAY, Ross, Dr | Director | 2018-03-29 | Jun 1978 | British |
| PRIESTLEY, William De Bretton | Director | 2018-01-19 | Apr 1968 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHILD, Colin Charles | Director | 2018-03-29 | 2020-04-21 |
| DAYAN, Daniel Alexander | Director | 2020-05-15 | 2022-01-17 |
| ECKFORD, Keith Graham | Director | 2019-01-18 | 2020-01-08 |
| GROVER, Jason | Director | 2018-06-27 | 2019-08-05 |
| JONES, Timothy William | Director | 2018-03-29 | 2020-06-24 |
| LEWIS, Rebecca | Director | 2024-02-22 | 2024-12-31 |
| NASH, Andrew Simon | Director | 2023-08-04 | 2024-08-15 |
| RANCON, Jean-Baptiste | Director | 2019-08-28 | 2024-02-22 |
| RANCON, Jean-Baptiste | Director | 2018-03-29 | 2019-01-18 |
| WHEELER, Laura Jane | Director | 2018-03-29 | 2024-02-22 |
| WILSON, Owen Henry | Director | 2018-01-19 | 2023-08-04 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 70 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-16 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-22 | AA | accounts | Accounts with accounts type group | |
| 2026-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-08 | AA | accounts | Accounts with accounts type group | |
| 2025-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-16 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-01-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-15 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-24 | AA | accounts | Accounts with accounts type group | |
| 2024-08-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-06 | AA | accounts | Accounts with accounts type group | |
| 2023-09-05 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-08-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-28 | 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
- 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.