RAKEM LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-27 (in 5mo)
Last made up 2025-10-13
Watchouts
None on the register
Cash
£3M
+9.2% highest in 5 filed years
Net assets
£6M
+13.5% highest in 5 filed years
Employees
33
+10% vs 2023
Profit before tax
£950K
-50.3% vs 2023
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | £10,086,773 | £13,283,359 | £15,886,391 | £15,315,761 | £10,446,436 | |
| Operating profit | £659,203 | £1,388,863 | £1,130,276 | £1,949,016 | £954,293 | |
| Profit before tax | £654,732 | £1,383,770 | £1,039,880 | £1,911,918 | £949,944 | |
| Net profit | £780,075 | £1,090,441 | £986,862 | £1,633,397 | £668,497 | |
| Cash | £1,925,918 | £962,901 | £338,073 | £2,411,781 | £2,633,369 | |
| Total assets less current liabilities | £5,003,231 | £3,448,669 | £4,144,933 | £5,071,710 | £5,725,923 | |
| Net assets | £4,846,293 | £2,344,481 | £3,301,468 | £4,934,865 | £5,603,362 | |
| Equity | £4,846,293 | £2,344,481 | £3,301,468 | £4,934,865 | £5,603,362 | |
| Average employees | 34 | 29 | 28 | 30 | 33 | |
| Wages | £1,272,459 | £1,569,115 | £2,226,284 | £2,119,206 | £1,245,521 |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 6.5% | 10.5% | 7.1% | 12.7% | 9.1% | |
| Net margin | 7.7% | 8.2% | 6.2% | 10.7% | 6.4% | |
| Return on capital employed | 13.2% | 40.3% | 27.3% | 38.4% | 16.7% | |
| Gearing (liabilities / total assets) | — | — | — | 52.9% | 23.1% | |
| Current ratio | — | — | — | 1.69x | 3.91x | |
| Interest cover | 146.95x | 272.70x | 12.50x | 52.54x | 219.43x |
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
- Hawsons Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- RAKEM LIMITED · parent
- Positive Associates Limited 100%
Significant events
- “Raw materials remain a challenge, but we continue to invest in a financially disciplined way to underpin our future growth and deliver improvements across all aspects of the business.”
- “The principal risks to the business are the current economic environment, health and safety, foreign currency fluctuation, liquidity, credit risk and the maintenance of a continuous supply of raw materials.”
- “Gross profit % has improved from 34.13% to 34.57% in 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BYRNE, Jennifer Ann | Director | 2021-05-04 | Dec 1977 | British |
| GLOVER, Philippa Jane | Director | 2025-06-17 | Apr 1984 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NALLY, Edward | Secretary | 1996-09-24 | 2010-02-05 |
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 1996-09-24 | 1996-09-24 |
| BUNKER, Steven | Director | 2021-03-01 | 2024-09-06 |
| CROSS, Andrew Nicholas | Director | 2022-03-10 | 2023-07-26 |
| RAFFERTY, Eugene Francis | Director | 2002-11-29 | 2020-08-30 |
| RAFFERTY, Francis Joseph | Director | 1996-09-24 | 2009-03-31 |
| RAFFERTY, Kevin Damian | Director | 2002-11-29 | 2021-01-11 |
| RAFFERTY, Kieran Patrick | Director | 2002-11-29 | 2025-03-08 |
| WATSON, Andrew Lindsay | Director | 2010-03-03 | 2014-09-23 |
| WORTHINGTON, Anthony | Director | 2006-07-01 | 2017-12-31 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 1996-09-24 | 1996-09-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rakem Group Limited | Corporate entity | Shares 75–100% | 2017-04-19 | Active |
Filing timeline
Last 20 of 125 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-09-11 | CH01 | officers | Change person director company with change date | |
| 2024-09-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2023-09-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-08-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-04-20 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2022-04-20 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
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
-31.8%
£15,315,761 £10,446,436
-
Cash
+9.2%
£2,411,781 £2,633,369
highest in 5 filed years
-
Net assets
+13.5%
£4,934,865 £5,603,362
highest in 5 filed years
-
Employees
+10%
30 33
-
Operating profit
-51%
£1,949,016 £954,293
-
Profit before tax
-50.3%
£1,911,918 £949,944
-
Wages
-41.2%
£2,119,206 £1,245,521
lowest in 5 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers