How much does Moreco Group Limited make?

Moreco Group Limited reported revenue of £121m and a loss of £3.4m in the year to 3 Jan 2026, according to its accounts filed at Companies House.

How many employees does Moreco Group Limited have?

Moreco Group Limited reported an average of 1,049 employees in the year to 3 Jan 2026.

Is Moreco Group Limited profitable?

No — Moreco Group Limited reported a loss of £3.4m in the year to 3 Jan 2026.

Company No. 13537233 · Incorporated 29 Jul 2021

Moreco Group Limited

Registered name: MORECO GROUP LIMITED

Part of Moreco Holdco Limited group

Moreco Group Limited made £121m revenue and a £3.4m loss in the year to 3 Jan 2026.

Moreco Group Limited’s revenue was £121m in the year to 3 Jan 2026, with a loss of £3.4m and 1,049 employees. The company is classified under “retail sale via mail order houses or via internet” and is based in Camberley; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47910Retail sale via mail order houses or via Internet

Status: Active
Location: Camberley, South East
Age: 5 yrs · since 2021
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 3 Jan 2026

Key figures

Revenue

£121m

Growth ▼0.4%

Profit

−£3.4m

Growth —

Profit margin

−2.8%

Gross 64.1%

Employees

1,049

Change ▲5.2%

Profit / employee

−£3.3k

Revenue/employee £116k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	28 Dec 2024	3 Jan 2026
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£132m	£142m	£122m	£121m
Cost of sales	£54.6m	£55.2m	£44.1m	£43.5m
Gross profit	£77.3m	£86.4m	£77.9m	£77.9m
Operating profit	−£24.6m	−£32.5m	−£5.3m	−£2.7m
Profit before tax	−£24.6m	−£20.4m	−£6.2m	−£3.7m
Profit after tax	−£20.7m	−£24.1m	−£8.1m	−£3.4m
Profit (best available)	−£20.7m	−£24.1m	−£8.1m	−£3.4m
Staff costs	£46.1m	£47.8m	£39.8m	£40.6m
Employees (average)	1,301	1,157	997	1,049
Ratios
Profit margin	−15.7%	−17%	−6.6%	−2.8%
Gross margin	58.6%	61%	63.8%	64.1%
Revenue per employee	£101k	£122k	£122k	£116k
Profit per employee	−£15.9k	−£20.8k	−£8.1k	−£3.3k
Growth (year on year)
Revenue growth	—	—	▼13.8%	▼0.4%
Headcount growth	—	—	▼13.8%	▲5.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.5m	£1.7m	£992k	£926k
Net assets	−£3.6m	£26.1m	£15.6m	£12.2m
Fixed assets	£19.5m	£32.8m	£32m	£31.3m
Current assets	£10.7m	£6m	£6.5m	£7.5m
Debtors	£1.5m	£1.5m	£1.4m	£1.3m
Deferred income	£2.2m	£1.8m	£1.9m	£1.9m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −2.8%; Profit ÷ revenue.
Gross margin: 64.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £116k; Revenue ÷ average employees.
Profit per employee: −£3.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 25.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼22%; Now £12.2m
Cash at bank: ▼7%; Now £926k
Headcount: ▲5%; Now 1,049
Deferred income: ▼3%; Now £1.9m
Fixed assets: ▼2%; Now £31.3m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Moreco Holdco Limitedultimate parent75–100%
Moreco Group Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Moreco Property LimitedFigures not disclosed

Sister companies (1)

Watson's Pantry LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 3 Jan 2026 (profit −£3.4m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.