Marks Electrical Group plc
Marks Electrical Group plc is a UK online retailer selling, delivering, installing and recycling major domestic appliances (MDA) and consumer electronics (CE), operating a vertically integrated model with its own delivery fleet and in-house installers from a single national distribution centre near the M1. Founded in Leicester in 1987, it targets the ~£7bn UK MDA/CE market and offers next-day delivery to over 90% of the UK population.
FY2026 in sixty seconds
year to 31 Mar 2026 · approved 18 Jun 2026 · 97 pages · Companies House
Marks Electrical Group plc, an online seller of household appliances and electronics that delivers and installs them with its own vans, saw revenue fall to £107.9m from £117.2m in the year to 31 March 2026. It made a loss after tax of £421k, smaller than the previous year's loss of £1.4m.
The company says sales fell mainly because it chose to stop selling through other retailers' online marketplaces, which often lost money. Higher minimum wage and national insurance costs, and lower margins on electronics as it cleared unwanted stock, held back profit, while delivery savings and lower advertising helped. The previous year's loss included £2.9m spent on a new computer system.
Cash at the year end was £4.4m, down from £8.8m, largely because the company now pays suppliers on time each month. It had no bank borrowings, and no final dividend is proposed. Management says it is targeting growth in sales and profit but expects this to be challenging over the next 12 months. The auditors raised no concerns, but after the year end the competition regulator fined the company £720,000 over online pricing, plus refunds to customers.
Next-day delivery and installation proposition across MDA/CE range to over 90% of UK population
Our operating model continues to be unique across the MDA sector in that we consistently offer next day delivery...to over 90% of the UK population
page 8Distribution cost efficiencies (headcount reduction, insurance savings)
distribution headcount reduced by 13% across transport & installation...achieved 9.6% distribution cost to sales, a 20bps improvement on FY25
page 22We are well positioned heading into FY27 with positive trading momentum and a strengthened cash position. We are targeting sustainable growth in both revenue and profitability in FY27
page 7No final dividend recommended for FY26 (FY25 final dividend of 0.66p per share was paid in August 2025, and no interim dividend was declared for FY26); distributions based on Company's realised distributable reserves, not Group retained earnings
page 246 years on one page · FY2021–FY2026
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
3 figures restated in a later report
Every figure is read again from the following year’s report: 168 confirmed, 6 differ, 3 restated.
No figure has been restated: every figure a later report printed again, it printed the same.
3 more figures were restated in FY2021 to FY2023, which a free account opens.