RAYMARINE UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-29
Confirmation statement due
2026-07-28 (in 2mo)
Last made up 2025-07-14
Watchouts
None on the register
Cash
£3M
Latest balance sheet
Net assets
£39M
Equity attributable
Employees
186
Average over period
Profit before tax
£27M
Period ending 2024-12-29
Name history
Renamed 2 times since incorporation
- RAYMARINE UK LIMITED 2004-11-25 → present
- RAYMARINE LIMITED 2003-01-14 → 2004-11-25
- DMWSL 386 LIMITED 2002-10-31 → 2003-01-14
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-29
| Metric | Trend | 2023-12-31 | 2024-12-29 |
|---|---|---|---|
| Turnover | £96,479,000 | £141,178,000 | |
| Operating profit | £8,787,000 | £15,904,000 | |
| Profit before tax | £9,420,000 | £26,660,000 | |
| Net profit | £6,725,000 | £21,673,000 | |
| Cash | £7,601,000 | £2,820,000 | |
| Total assets less current liabilities | £172,155,000 | £40,938,000 | |
| Net assets | £170,546,000 | £39,022,000 | |
| Equity | £170,546,000 | £39,022,000 | |
| Average employees | 191 | 186 | |
| Wages | £12,064,000 | £12,408,000 |
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 | 2024-12-29 |
|---|---|---|---|
| Operating margin | 9.1% | 11.3% | |
| Net margin | 7.0% | 15.4% | |
| Return on capital employed | 5.1% | 38.8% | |
| Current ratio | 1.82x | 1.22x | |
| Interest cover | 179.33x | 12.84x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downs”
Group structure
- RAYMARINE UK LIMITED · parent
- Raymarine Italia Srl 100%
- Raymarine Norge AS 100%
- FLIR Belgium BV 100%
Significant events
- “Following the purchase of the Maritime Intellectual Property from FLIR Belgium BV, on 10 July 2023 FLIR Belgium BV transferred all operations and applicable assets and liabilities to Raymarine UK Ltd.”
- “Based on an anticipated settlement with HMRC, an additional prior year tax expense of £1.4m has been recorded in 2024 in relation to historical tax matters. £1m of interest expense has also been accrued in the year with respect to this settlement.”
- “In October 2024, the wider Group entered into a debt simplification process involving the company. The process included reducing the company's share capital and cancelling and extinguishing the company's entire share premium balance.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WARGENT, Nicholas James | Secretary | 2021-05-14 | — | — |
| CIBIK, Melanie Susan | Director | 2021-05-14 | Nov 1959 | American |
| OUTTERS, Grégoire Pierre Georges | Director | 2014-01-30 | Aug 1971 | French |
| WARGENT, Nicholas James | Director | 2021-05-14 | Oct 1973 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAY, Ian Bruce | Secretary | 2007-07-02 | 2009-06-30 |
| DOBBIE, Joanne Elizabeth | Secretary | 2009-09-01 | 2010-09-30 |
| HOWELL, Terri Georgina | Secretary | 2005-06-21 | 2007-07-02 |
| MCBRIDE, Martin | Secretary | 2003-01-14 | 2004-08-02 |
| OSBALDISTON, Anthony John | Secretary | 2009-07-01 | 2009-09-01 |
| OSBALDISTON, John Anthony | Secretary | 2004-08-02 | 2005-06-21 |
| DM COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 2002-10-31 | 2002-12-13 |
| BREHENY, Kieran Francis | Director | 2002-12-13 | 2006-11-22 |
| CARLSON, Terry | Director | 2002-12-13 | 2008-02-01 |
| CHRISTIANSEN, Heather Fiona | Director | 2015-04-02 | 2020-02-24 |
| DUCHENE, Todd Michael | Director | 2015-04-02 | 2019-08-31 |
| DUERDIN, Leslie | Director | 2002-12-13 | 2004-08-19 |
| EIDEL, Douglas Craig | Director | 2020-07-08 | 2021-05-14 |
| GALINDO, Sonia | Director | 2020-07-08 | 2021-05-14 |
| GREEN, Raymond Charles | Director | 2002-12-13 | 2004-11-30 |
| LEWIS, Earl Ray | Director | 2010-05-14 | 2010-12-08 |
| MCBRIDE, Martin | Director | 2002-12-13 | 2004-10-08 |
| MILLER, Malcolm Myer | Director | 2003-01-02 | 2008-10-06 |
| OSBALDISTON, John Anthony | Director | 2004-08-02 | 2010-05-15 |
| SURRAN, Thomas Aquinas | Director | 2010-05-14 | 2018-05-21 |
| TEICH, Andrew Carleton | Director | 2010-05-14 | 2014-01-30 |
| THOMPSON, Stuart Anthony | Director | 2002-12-13 | 2005-05-12 |
| TRUNZO, Anthony Leslie | Director | 2010-05-14 | 2015-03-27 |
| WARD, Peter Terry | Director | 2008-10-07 | 2010-05-14 |
| 25 NOMINEES LIMITED | Corporate Director | 2002-10-31 | 2002-12-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rihl Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 166 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-22 RESOLUTIONS Resolution
- 2023-04-25 RESOLUTIONS Resolution
- 2023-03-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | CH01 | officers | Change person director company with change date | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full | |
| 2024-10-22 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-10-22 | SH20 | capital | Legacy | |
| 2024-10-22 | CAP-SS | insolvency | Legacy | |
| 2024-10-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-07-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-25 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-18 | SH01 | capital | Capital allotment shares | |
| 2023-03-13 | AA | accounts | Accounts with accounts type full | |
| 2023-03-03 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-26 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-01-17 | SH01 | capital | Capital allotment shares | |
| 2022-12-21 | SH20 | capital | Legacy | |
| 2022-12-21 | SH20 | capital | Legacy | |
| 2022-12-21 | CAP-SS | insolvency | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- Officers appointed
- 0
- 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 2024-12-29 vs 2023-12-31