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Moreco Group Limited

13537233

active
Private Limited Company
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

SECOND FLOOR PARK VIEW, CAMBERLEY, GU15 3YL
Incorporated 29/07/2021

Compliance

Last accounts

28/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 28/07/2025

Due 11/08/2026

On track

Industry

47910
Retail sale via mail order houses or via Internet

Officers

Mr Vinesh Harakhchand Shah

director · Since 31/12/2023

GROUP CHIEF FINANCIAL OFFICER

BRITISH · UNITED KINGDOM · Age 58

Also on 2 other boards

Mr Arfaiz Hussain

director · Since 31/12/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Also on 3 other boards

Mr Balvinder Singh Nijjar

director · Since 31/12/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 10 other boards

Mr Ravinder Singh Nijjar

director · Since 31/12/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 44

Also on 4 other boards

Persons with Significant Control

Moreco Holdco Limited

75–100% shares
75–100% votes
Appoint directors

16, Eastman Road, London, W3 7YG

Reg: 15281074 · Companies House · Private Limited Company

Notified 31/12/2023

Former PSCs

Muller Uk & Ireland Group Llp

Ceased 31/12/2023

Charges3 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 27/10/2025Registered 28/10/2025
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 30/04/2024Registered 08/05/2024
Charge
outstanding

RSN PROPERTY LIMITED

Created 31/12/2023Registered 05/01/2024

CompanyRankvs 17745+ SIC 47910 peers
42

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.37× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity5/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

is Second Floor Park View, Riverside Way, Camberley, GU15 3YL Page 7 MORECO GROUP LIMITED (REGISTERED NUMBER: 13537233) REPORT OF THE DIRECTORS FOR THE PERIOD 1ST JANUARY 2024 TO 28TH DECEMBER 2024 GOING CONCERN The Directors have conducted a comprehensive review of the Company's financial position and its ability to continue as a going concern, in accordance with the principles set out in UK GA

Key FinancialsYear ending 28/12/2024

Turnover

£122.0M

Annual revenue

Net Worth

£15.6M

Balance sheet strength

Cash

£992k

Cash in the bank

Profit Before Tax

-£6.2M

Bottom line earnings

Net Current Assets

-£11.2M

Working capital

Current Assets

£6.5M

Current Liabilities

£17.7M

Fixed Assets

£32.0M

Debtors

£4.9M

Cost of Sales

£44.1M

Gross Profit

£77.9M

Admin Expenses

£79.2M

Operating Profit

-£5.3M

Profit After Tax

-£8.1M

997avg. employees-160

People Costs

Wages & salaries£37.5M
NI contributions£315k

Balance Sheet

Intangible assets£2.8M
Interest payable£875k
Assets less current liabilities£20.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.37-£10.5M
20230.56

Derived from filed accounts. Not audited figures.