RAC FINANCIAL SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-11 (in 2mo)
Last made up 2025-06-27
Watchouts
None on the register
Cash
£4M
-18.3% vs 2023
Net assets
£279M
+31.8% vs 2023
Employees
374
-4.8% vs 2023
Profit before tax
£90M
-22.2% vs 2023
Name history
Renamed 1 time since incorporation
- RAC FINANCIAL SERVICES LIMITED 2004-09-17 → present
- BROOMCO (3500) LIMITED 2004-07-06 → 2004-09-17
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £191,940,000 | £187,394,000 | |
| Operating profit | £88,861,000 | £62,424,000 | |
| Profit before tax | £115,367,000 | £89,781,000 | |
| Net profit | £88,304,000 | £67,219,000 | |
| Cash | £5,413,000 | £4,420,000 | |
| Total assets less current liabilities | £221,316,000 | £288,535,000 | |
| Net assets | £211,316,000 | £278,535,000 | |
| Equity | £211,316,000 | £278,535,000 | |
| Average employees | 393 | 374 | |
| Wages | £16,476,000 | £16,867,000 |
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 | 46.3% | 33.3% | |
| Net margin | 46.0% | 35.9% | |
| Return on capital employed | 40.2% | 21.6% | |
| Gearing (liabilities / total assets) | 18.4% | 23.7% | |
| Current ratio | 11.57x | 4.24x | |
| Interest cover | 22.57x | 20.33x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having undertaken this assessment, the Directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future, at least 12 months from the date of signing of this report. For these reasons, they continue to adopt the going concern basis in preparing the Company's Financial Statements.”
Significant events
- “In March 2025, the Company disposed of the assets in respect of certain non-core lines of its business to a third party, the final consideration for this disposal is contingent and therefore a reliable estimate of the financial effect cannot be made. The disposals did not have a material impact on the Company's financial position as at 31 December 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRITES, Shiam | Secretary | 2024-07-22 | — | — |
| BAKER, Joanna Mary | Director | 2018-07-02 | Mar 1974 | British |
| GALE, Patrick Nigel Christopher | Director | 2015-06-01 | Mar 1960 | British |
| HEATH, Alexander George | Director | 2019-08-21 | Sep 1976 | British |
| HOBDAY, David Arthur | Director | 2017-03-02 | Jan 1969 | British |
| MOHINDRA, Tesula | Director | 2022-09-01 | Nov 1966 | British |
| TEMPLEMAN, Robert William | Director | 2011-11-29 | Oct 1957 | British |
| WOOD, Gregory Mark | Director | 2011-11-29 | Jul 1953 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRETT, Paul James | Secretary | 2018-11-08 | 2020-04-01 |
| BOWDEN, Kelly | Secretary | 2021-09-03 | 2022-09-23 |
| COLES, Pamela Mary | Secretary | 2004-08-19 | 2005-06-30 |
| GRIFFITHS, Lisa | Secretary | 2023-01-31 | 2024-04-30 |
| MORRISON, Scott | Secretary | 2011-09-30 | 2018-03-30 |
| SPICKER, Richard Harold | Secretary | 2007-07-12 | 2011-09-30 |
| AVIVA COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2005-06-30 | 2007-07-12 |
| DLA SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 2004-07-06 | 2004-08-19 |
| ABRAHAMS, Clifford James | Director | 2010-07-26 | 2011-09-30 |
| CAMP, Michael James | Director | 2005-01-31 | 2005-10-31 |
| COLES, Pamela Mary | Director | 2004-09-17 | 2005-06-30 |
| COUGILL, Diane | Director | 2011-03-01 | 2017-12-31 |
| EASTER, Philip Charles | Director | 2005-06-30 | 2007-01-01 |
| EGAN, Sean | Director | 2010-04-01 | 2011-09-30 |
| FAIRMAN, Richard William Mark | Director | 2016-09-05 | 2018-02-27 |
| HALL, Nicholas Timothy Charles | Director | 2004-09-17 | 2005-10-31 |
| HANCOCK, Brian Paul | Director | 2004-08-19 | 2004-09-17 |
| HUNT, Jacqueline | Director | 2007-01-01 | 2008-09-04 |
| KITSON, John Robert | Director | 2006-05-09 | 2010-03-31 |
| MACHELL, Simon Christopher | Director | 2005-06-30 | 2007-07-12 |
| MAYER, Igal Mordeciah | Director | 2007-07-13 | 2009-12-31 |
| MCMILLAN, David John Ramsay | Director | 2010-02-23 | 2011-09-30 |
| MCMILLAN, David John Ramsay | Director | 2008-11-04 | 2009-01-02 |
| MCMILLAN, David John Ramsay | Director | 2008-08-11 | 2008-09-01 |
| MICHAEL, Kerry | Director | 2012-01-31 | 2016-05-23 |
| PENNYCOOK, Richard | Director | 2004-08-19 | 2005-06-30 |
| SEATON, John | Director | 2007-08-13 | 2007-09-01 |
| SEATON, John | Director | 2006-06-19 | 2006-10-09 |
| SEYMOUR-JACKSON, Angela Charlotte | Director | 2011-03-01 | 2012-01-31 |
| SNOWBALL, Patrick Joseph Robert | Director | 2005-06-30 | 2006-05-09 |
| WATSON, David Kenneth | Director | 2009-01-02 | 2010-03-31 |
| WOODHOUSE, Christopher Kevin | Director | 2012-02-03 | 2017-03-02 |
| DLA NOMINEES LIMITED | Corporate Nominee Director | 2004-07-06 | 2004-08-19 |
| DLA SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 2004-07-06 | 2004-08-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rac Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 180 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-15 | AA | accounts | Accounts with accounts type full | |
| 2025-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | CH01 | officers | Change person director company with change date | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-07-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-22 | AA | accounts | Accounts with accounts type full | |
| 2023-07-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-30 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-02-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-25 | CH01 | officers | Change person director company with change date | |
| 2023-01-25 | CH01 | officers | Change person director company with change date | |
| 2022-10-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-09-21 | AA | accounts | Accounts with accounts type full | |
| 2022-09-06 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-09-16 | AA | accounts | Accounts with accounts type full | |
| 2021-07-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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 2024-12-31 vs 2023-12-31
-
Turnover
-2.4%
£191,940,000 £187,394,000
-
Cash
-18.3%
£5,413,000 £4,420,000
-
Net assets
+31.8%
£211,316,000 £278,535,000
-
Employees
-4.8%
393 374
-
Operating profit
-29.8%
£88,861,000 £62,424,000
-
Profit before tax
-22.2%
£115,367,000 £89,781,000
-
Wages
+2.4%
£16,476,000 £16,867,000
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