RCI EUROPE
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Confirmation statement due
2026-10-15 (in 5mo)
Last made up 2025-10-01
Watchouts
None on the register
Cash
£1M
Latest balance sheet
Net assets
£18M
-21.3% vs 2023
Employees
91
-9.9% vs 2023
Profit before tax
-£5M
+72.1% vs 2023
Name history
Renamed 3 times since incorporation
- RCI EUROPE 1985-08-09 → present
- RESORT CONDOMINIUMS INTERNATIONAL (EUROPE) LIMITED 1984-07-31 → 1985-08-09
- RESORT CONDOMINIUMS INTERNATIONAL (U.K.) LIMITED 1977-12-31 → 1984-07-31
- HOLIDAY EXCHANGE CLUB LIMITED 1973-11-29 → 1977-12-31
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £25,409,107 | £23,715,951 | |
| Operating profit | -£16,620,324 | -£3,766,040 | |
| Profit before tax | -£17,878,595 | -£4,990,710 | |
| Net profit | -£18,121,819 | -£4,772,215 | |
| Cash | — | £1,439,203 | |
| Total assets less current liabilities | £24,703,274 | £19,775,331 | |
| Net assets | £22,965,023 | £18,064,188 | |
| Equity | £22,965,023 | £18,064,188 | |
| Average employees | 101 | 91 | |
| Wages | £7,006,871 | £5,954,701 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -65.4% | -15.9% | |
| Net margin | -71.3% | -20.1% | |
| Return on capital employed | -67.3% | -19.0% | |
| Gearing (liabilities / total assets) | 72.7% | 87.8% | |
| Current ratio | 0.19x | 0.60x | |
| Interest cover | -4.12x | -0.93x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board has received letter of support from the ultimate parent company that intergroup debt will continue to be made available at levels sufficient to allow the company to meet its liabilities as they fall due for a period not less than 12 months from the signing of these financial statements. The directors have satisfied themselves that the ultimate parent company has the necessary financial resources to provide this support during this period, should it be required. Therefore, the directors have a reasonable expectation that the company has adequate resources internally and through its association with the Travel + Leisure Co. group, to continue in operational existence for the foreseeable future and as such, the going concern basis has been adopted in preparing the annual report and financial statements.”
Group structure
- RCI EUROPE · parent
- RCI Italy SRL 100%
- RCI Greece Sa 94%
- RCI Consulting GmbH 100%
- RCI Servicos de Intercambio Turistico Unipessoal Limitada# 100%
- RCI (Portugal) Viagens e Turismo Limitada* 99.9%
- RCI Scandinavia A/S 100%
- RCI Finland OY* 100%
- RCI Points Limited* 100%
- RCI Resort Management Limited 100%
- RCI Europe (Points) Limited 100%
- The Leisure Corporation Limited 100%
- RCI India Private Limited 100%
- RCI South Africa Holdings Limited 100%
- The Social Travel Club Limited 100%
- Vacation Exchanges International (Pty) Ltd trading as RCI Southern Africa 100%
- Vacation Management Services (Pty) Ltd* 50%
- Hotel Dynamics Marketing (Pty) Ltd* 100%
- Vacation Rentals International (Pty) Ltd* 100%
- MTBeds (Pty) Ltd* 100%
Significant events
- “During 2024 the directors made a decision to close the main Kettering office and a reduction of the senior leadership team took a place in order to reduce costs and maintain profitability of the business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 45 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NOBLE, Joanne | Director | 2026-01-14 | Feb 1971 | British |
| ROBERTS, Joanne | Director | 2024-10-31 | Jul 1976 | British |
Show 45 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANKES, Henry Francis John | Secretary | 2006-05-15 | 2018-04-23 |
| BANNISTER, Christopher Keith | Secretary | 1999-03-25 | 2002-09-30 |
| BRIGGS, Martin Neil | Secretary | 1996-03-25 | 1999-03-25 |
| CURTIS, Ian Roy | Secretary | 2003-08-27 | 2004-11-03 |
| NASTA, Marius Ion | Secretary | 2005-11-02 | 2006-05-15 |
| WALSTER, Jacqueline | Secretary | 2004-11-03 | 2005-11-03 |
| WILLIAMS, John David | Secretary | — | 1996-03-25 |
| AILLES, Ian Simon | Director | 2007-06-15 | 2010-12-17 |
| ARCHIBALD, Brett Anthony | Director | 2000-08-01 | 2002-07-31 |
| BACK, Jonathan David | Director | 2008-03-03 | 2010-08-06 |
| BRENNAN, William Joseph | Director | 2004-05-14 | 2008-09-12 |
| CARTER, Paul Andrew | Director | 2010-08-11 | 2015-02-09 |
| CLARKE, Andrew | Director | 2017-07-31 | 2020-03-04 |
| COLLINS, Colin Martin | Director | — | 1994-08-30 |
| COWLEY, Geoffrey John | Director | 2008-08-13 | 2008-12-19 |
| DEHAAN, Christel | Director | — | 1996-11-12 |
| DELLIS, Fredy Michel | Director | 1995-08-07 | 1997-04-15 |
| DEUTSCH, Franz Markus | Director | 1998-12-16 | 2004-07-06 |
| FELLOWS, Roy Timothy | Director | 2000-11-01 | 2001-03-01 |
| FORBES, Scott Edward | Director | 1999-06-29 | 2005-03-22 |
| FRASER, Simon Scott | Director | 2002-04-26 | 2004-05-14 |
| GIAMALVA, Frank Peter | Director | 2005-03-22 | 2007-01-08 |
| GURNIK, Gordon | Director | 2010-08-11 | 2011-02-01 |
| HALL, William John | Director | 2019-07-05 | 2024-10-31 |
| HAYLOCK, Julian Ronald | Director | 1997-04-15 | 2000-06-02 |
| HAYLOCK, Julian Ronald | Director | — | 1994-07-31 |
| HERBAGE, Alan Francis | Director | — | 1995-02-28 |
| HEWITT, Malcolm Andrew | Director | 1992-11-01 | 1995-10-31 |
| HITCHCOCK, Nelson | Director | 1996-02-05 | 2000-08-01 |
| HOYLE, Beverley | Director | 2001-09-10 | 2007-02-16 |
| HUGHES, Andrew | Director | 2001-03-01 | 2002-04-26 |
| KENT, Christopher | Director | 2021-02-09 | 2026-01-14 |
| KJAERGAARD, Sonja Ruby | Director | — | 1996-01-16 |
| LIGGINS, Andrew | Director | 2007-08-31 | 2019-07-05 |
| LOWE, Sean Joseph | Director | 2011-02-01 | 2017-07-31 |
| MAY, Kenneth | Director | 2002-11-01 | 2007-11-02 |
| MCCONNELL, William F | Director | — | 1997-01-03 |
| MILLER, Leslie Steven | Director | 1992-01-09 | 1998-12-08 |
| MINDELL, Jonathan Simon | Director | 2006-08-21 | 2007-06-15 |
| MULCAHY, Paul Joseph | Director | 2019-10-17 | 2023-09-29 |
| SCHOPFER, John Murray | Director | 1997-03-12 | 1997-06-01 |
| SWORDY, Stephen | Director | 1996-06-24 | 2004-07-30 |
| THOMAS, Duleep | Director | 2009-05-04 | 2010-03-31 |
| VESTDAM, Preben | Director | 2002-10-21 | 2006-08-22 |
| WILLIAMS, John David | Director | 1989-03-17 | 1997-04-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dial An Exchange Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 301 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-04 | CH01 | officers | Change person director company with change date | |
| 2023-09-29 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-05 | AA | accounts | Accounts with accounts type full | |
| 2021-10-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2021-02-09 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-6.7%
£25,409,107 £23,715,951
-
Cash
—
Not reported
-
Net assets
-21.3%
£22,965,023 £18,064,188
-
Employees
-9.9%
101 91
-
Operating profit
+77.3%
-£16,620,324 -£3,766,040
-
Profit before tax
+72.1%
-£17,878,595 -£4,990,710
-
Wages
-15%
£7,006,871 £5,954,701
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers