MIDGARD LTD - Profile & Financials

Accounts Submitted 22 May 2025

Confirmation Statement Submitted 24 Mar 2025

Net assets £41.18M £20.89M 2023 year on year

Total assets £192.81M £44.48M 2023 year on year

Total Liabilities £151.63M £23.59M 2023 year on year

Charges 5

1 outstanding 4 satisfied

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Contact & Details

Contact

Update Details

Registered Address

4 Elstree Way Borehamwood Herts WD6 1RN

Telephone

0208 953 7800

dataprotection@jrlgroup.co.uk

Website

midgard.ltd.uk

Credit Report

Discover MIDGARD LTD's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2013–2023)

Cash in Bank

£34.58M

Decreased by £14.14M (-29%)

Net Assets

£41.18M

Decreased by £20.89M (-34%)

Total Liabilities

£151.63M

Decreased by £23.59M (-13%)

Turnover

£612.42M

Increased by £76.08M (+14%)

Employees

229

Increased by 19 (+9%)

Debt Ratio

79%

Increased by 5 (+7%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End	2022 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

£1k awarded

Show:

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

1 Allotment 998 Shares £998 Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
31 Dec 2010	ORDINARY 1 SHARES	998	£998	£1

Officers

4 active 6 resigned

Show resigned officers

						Status
John James Reddington	Director	Irish	England	53	22 Feb 2006	Active
Kevin William Keegan	Director	Irish	England	62	22 Feb 2006	Active
Ronan Joseph Gleeson	Director	Irish	England	49	14 May 2009	Active
Ronan Joseph Gleeson	Secretary	Irish	Unknown	—	14 May 2009	Active

Shareholders

Shareholders (6)


Jrl Group Limited	84.9%	922	Ordinary	22 Feb 2022
Richard Rorrison	2.4%	26	Ordinary	22 Feb 2022
James Bassett	2.4%	26	Ordinary	22 Feb 2022

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Jrl Group Ltd

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 75 To 100 Percent

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Group Structure

JRL GROUP LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

JRL GROUP HOLDINGS LIMITED united kingdom shares 25 to 50 percent, voting rights 25 to 50 percent

IJM (JRL) LIMITED united kingdom shares 50 to 75 percent, voting rights 50 to 75 percent, appoint/remove directors

IJM CORPORATION (UK) LIMITED united kingdom

MIDGARD LTD Current Company

Charges

1 outstanding 4 satisfied

Documents

Company Filings

Date	Category	Description	Document
22 May 2025	Accounts	Annual accounts made up to 2024-12-31	View(1 page)
24 Mar 2025	Confirmation Statement	Confirmation statement made on 2025-02-22 with no updates	View(3 pages)
30 Dec 2024	Accounts	Annual accounts made up to 2023-12-31	View(39 pages)
23 Dec 2024	Mortgage	Mortgage Satisfy Charge Full	View(1 page)
20 Dec 2024	Mortgage	Mortgage Create With Deed With Charge Number Charge Creation Date	View(43 pages)