RYNESS ELECTRICAL SUPPLIES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-30 (in 1mo)
Last made up 2025-06-16
Watchouts
None on the register
Cash
£2M
-21.8% vs 2023
Net assets
£502K
-56.5% vs 2023
Employees
39
-23.5% vs 2023
Profit before tax
-£2M
-269.1% vs 2023
Name history
Renamed 2 times since incorporation
- RYNESS ELECTRICAL SUPPLIES LIMITED 2010-06-01 → present
- RYNESS INTERMEDIATE HOLDINGS LIMITED 2002-08-05 → 2010-06-01
- SHELFCO (NO 2730) LIMITED 2002-04-24 → 2002-08-05
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 | £7,524,000 | £6,058,000 | |
| Operating profit | -£448,000 | -£1,648,000 | |
| Profit before tax | -£447,000 | -£1,650,000 | |
| Net profit | -£396,000 | -£1,653,000 | |
| Cash | £3,085,000 | £2,414,000 | |
| Total assets less current liabilities | £1,562,000 | £2,036,000 | |
| Net assets | £1,155,000 | £502,000 | |
| Equity | £1,155,000 | £502,000 | |
| Average employees | 51 | 39 | |
| Wages | £1,577,000 | £1,632,000 |
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 | -6.0% | -27.2% | |
| Net margin | -5.3% | -27.3% | |
| Return on capital employed | -28.7% | -80.9% | |
| Gearing (liabilities / total assets) | 81.2% | 88.5% | |
| Current ratio | 1.32x | 1.85x | |
| Interest cover | -448.00x | -824.00x |
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
- Fiander Tovell Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe the business is in a sound position at the year-end and is well placed to meet the challenges of the year ahead. Despite the uncertainty in the UK market, the business continues to perform strongly and has honoured all ongoing liabilities from cash reserves which remains strong.”
Significant events
- “On the 31 March 2025, the Company sold the trade and assets of the QVS brand. In the build up to the sale several profit centres were closed and associated closure provisions have been recognised at 31 December 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| YU, Leo | Secretary | 2018-01-01 | — | — |
| WESTBROOK, Steven | Director | 2014-01-29 | Feb 1956 | British |
| YU, Leo | Director | 2018-01-01 | Jun 1984 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOBHOUSE, William Arthur | Secretary | 2002-10-04 | 2006-04-26 |
| LEVENTON, Lyn Charles | Secretary | 2002-07-30 | 2002-10-04 |
| MCEVOY, Sean Patrick | Secretary | 2006-04-26 | 2013-08-30 |
| WESTBROOK, Steven | Secretary | 2014-07-10 | 2018-01-01 |
| YU, Leo | Secretary | 2013-09-26 | 2014-07-10 |
| EPS SECRETARIES LIMITED | Corporate Nominee Secretary | 2002-04-24 | 2002-07-30 |
| BRAND, Giles Robert | Director | 2002-10-04 | 2008-10-27 |
| FEATHERSTONE, Lynne Choona | Director | 2002-07-30 | 2002-10-04 |
| GODDARD, Roger David | Director | 2011-06-24 | 2013-10-31 |
| HOBHOUSE, William Arthur | Director | 2002-10-04 | 2006-04-26 |
| JORDAN, Geoffrey Arthur | Director | 2002-07-30 | 2002-10-04 |
| LEVENTON, Lyn Charles | Director | 2002-07-30 | 2002-10-04 |
| LINDSAY, Andrew | Director | 2006-04-26 | 2011-06-24 |
| MCEVOY, Sean Patrick | Director | 2010-07-01 | 2011-06-24 |
| PALMER, Nigel John | Director | 2014-01-29 | 2026-04-01 |
| ROBERTS, Marianne | Director | 2013-05-30 | 2014-07-10 |
| RYNESS-HIRSCH, Adele Lois | Director | 2002-07-30 | 2002-10-04 |
| SHORTRIDGE, James | Director | 2006-04-26 | 2013-07-19 |
| YU, Leo Yiu Sing | Director | 2013-05-30 | 2014-07-10 |
| MIKJON LIMITED | Corporate Nominee Director | 2002-04-24 | 2002-07-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Leo Yu | Individual | Significant influence | 2018-01-01 | Ceased 2020-05-06 |
| Mr Steven Westbrook | Individual | Significant influence | 2016-04-06 | Ceased 2020-05-06 |
| Mr Nigel John Palmer | Individual | Significant influence | 2016-04-06 | Ceased 2020-05-06 |
| Ryness Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 150 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AA | accounts | Accounts with accounts type full | |
| 2024-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-16 | AA | accounts | Accounts with accounts type full | |
| 2020-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-05-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-05-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-05-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2019-10-10 | AA | accounts | Accounts with accounts type full | |
| 2019-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-10-02 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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
-19.5%
£7,524,000 £6,058,000
-
Cash
-21.8%
£3,085,000 £2,414,000
-
Net assets
-56.5%
£1,155,000 £502,000
-
Employees
-23.5%
51 39
-
Operating profit
-267.9%
-£448,000 -£1,648,000
-
Profit before tax
-269.1%
-£447,000 -£1,650,000
-
Wages
+3.5%
£1,577,000 £1,632,000
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