Independent Publication · Not Affiliated with Marks Electrical
CMA Case:Closed
Final Infringement Notice:Issued
Penalty:£720,000
Consumer Redress:~£600,000
Customers:Nearly 40,000
Refund Programme:Ongoing
Latest Trading Update:30 Sep 2026

Last updated 5 October 2026

Marks Electrical FY2026: Falling Revenue, Falling EBITDA and a Statutory Loss

Marks Electrical's underlying revenue fell 7.5% to £108.4m in FY2026, adjusted EBITDA fell from £4.2m to £2.5m, and the company recorded a statutory operating loss of £282,000 — a difficult year the company attributed partly to a deliberate reduction of third-party marketplace sales.

5 Key Facts
  • 01Underlying revenue: £117.2m → £108.4m (-7.5%).
  • 02Adjusted EBITDA: £4.2m → £2.5m (~-40%).
  • 03Statutory gross profit: £28.6m → £25.5m (-10.8%).
  • 04Statutory operating result: £282,000 operating loss.
  • 05Net cash fell from ~£8.8m to ~£4.4m.
Primary EvidenceRead the record
S005 · RNS Announcement
FY26 Financial Results
Marks Electrical Group plc / RNS · 2026-06-19
Open source ↗
S006 · Annual Report
FY2026 Annual Report and Accounts
Marks Electrical Group plc · 2026-08-01
Open source ↗
S009 · RNS Announcement
FY25 Results
Marks Electrical Group plc / RNS · 2025-06-25
Open source ↗

Revenue and EBITDA, side by side

FY2025FY20260306090120
  • Revenue
  • EBITDA

The headline comparisons

Underlying Revenue
FY2025FY20260306090120
Adjusted EBITDA
FY2025FY202602468
Statutory Gross Profit
FY2025FY202608162432
Net Cash
FY2025FY2026036912

The full table

Metric
FY2025
FY2026
Change
Underlying revenue
117.2m
108.4m
-7.5%
Statutory revenue
117.181m
107.933m
-7.9%
Adjusted EBITDA
4.2m
2.5m
-40.5%
Statutory gross profit
28.616m
25.497m
-10.9%
Gross margin (%)
24.4
23.6
-0.8%
Statutory operating result
-1.741m
-0.282m
—
Loss before tax (FY26)
—
-0.4m
—
Net cash
8.8m
4.4m
-50%
Average employees
293
287
-2%
ANALYSIS

These figures provide financial context. They should not be interpreted as proof that the CMA matter caused Marks Electrical's weaker FY2026 performance. The company attributed the revenue decline partly to a deliberate reduction of third-party marketplace sales.

Primary EvidenceRead the record
S005 · RNS Announcement
FY26 Financial Results
Marks Electrical Group plc / RNS · 2026-06-19
Open source ↗

FY2026 results were published on 19 June 2026 — one day after the CMA settlement was announced.

The timing

The CMA settlement was announced on 18 June 2026; the FY2026 audited results were published on 19 June 2026. The regulatory settlement and the operating performance are separate matters, and the timing alone does not establish that the CMA case caused the decline in sales or EBITDA.

See what is established fact
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© 2026 Marks Electrical Files · Last updated 5 October 2026