RICHARD MILLE EUROPE, MIDDLE EAST AND AFRICA LIMITED
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Next accounts due
2026-09-29 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-24 (in 8mo)
Last made up 2026-01-10
Watchouts
None on the register
Cash
£111M
-7.4% vs 2023
Net assets
£250M
-3.6% vs 2023
Employees
90
0% vs 2023
Profit before tax
£150M
+7.7% vs 2023
Name history
Renamed 1 time since incorporation
- RICHARD MILLE EUROPE, MIDDLE EAST AND AFRICA LIMITED 2007-02-05 → present
- RICHARD MILL EUROPE, MIDDLE EAST AND AFRICA LIMITED 2007-01-17 → 2007-02-05
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 | £358,570,776 | £382,874,191 | |
| Operating profit | £125,305,408 | £133,312,374 | |
| Profit before tax | £139,273,587 | £150,033,704 | |
| Net profit | £119,010,339 | £123,345,798 | |
| Cash | £119,474,808 | £110,601,069 | |
| Total assets less current liabilities | £259,827,815 | £250,400,562 | |
| Net assets | £259,525,823 | £250,145,007 | |
| Equity | £259,525,823 | £250,145,007 | |
| Average employees | 90 | 90 | |
| Wages | £7,903,872 | £7,514,648 |
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 | 34.9% | 34.8% | |
| Net margin | 33.2% | 32.2% | |
| Return on capital employed | 48.2% | 53.2% | |
| Current ratio | 5.65x | 4.40x | |
| Interest cover | 270.15x | 908.24x |
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
- Consolidated group
- Auditor
- Azets Audit Services
- 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 group's and parent 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
- RICHARD MILLE EUROPE, MIDDLE EAST AND AFRICA LIMITED · parent
- Richard Mille London Limited 100%
- Exclusive Watches Geneve SA 100%
- Deux Vendome EURL 100%
- Richard Mille Deutschland GmbH 100%
- Richard Mille Italia SRL 100%
- Richard Mille FZE 100%
- Richard Mille Istanbul Saatcilik Anonim Sirketi 100%
- Richard Mille Saudi Trading Company Limited 75%
- RME Aviation Netherlands BV 100%
- RM EMEA Management Services SA 100%
- Exclusive Watches Arabia 100%
- Contemporary Watches 100%
- Henry Jacques Perfumes Limited 100%
- Richard Mille Monaco Sarl 100%
- Richard Mille Espana SL 100%
Significant events
- “Sales for the first half of 2025 are in line with expectations with good indications for a strong second half of the year. Sales enquiries and boutique visitor numbers remain high and all regions continue to show signs of strong demand with long waiting lists for both new and existing models. Therefore management are confident sales targets will be met.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GUENAT, Maxime Dominique | Director | 2023-11-30 | Oct 1992 | Swiss |
| HARRISON, Peter David Bassett | Director | 2007-01-17 | Aug 1965 | British |
| HARRISON, Tilly Olivia | Director | 2022-03-01 | Nov 1992 | British |
| MILLE, Alexandre Edouard | Director | 2023-11-30 | Nov 1986 | French |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARRISON, Claire Lucy | Secretary | 2007-01-17 | 2021-06-07 |
| THE OXFORD SECRETARIAT LIMITED | Corporate Secretary | 2007-01-17 | 2007-01-17 |
| EDWARDS, David Simon | Director | 2012-06-14 | 2018-03-31 |
| GUENAT, Dominique | Director | 2008-12-01 | 2023-11-30 |
| HARRISON, Claire Lucy | Director | 2007-01-17 | 2021-06-07 |
| HARRISON, Stephen John | Director | 2018-03-31 | 2023-12-31 |
| MILLE, Richard Jean-Louis | Director | 2008-12-01 | 2023-11-30 |
| OXFORD FORMATIONS LIMITED | Corporate Director | 2007-01-17 | 2007-01-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter David Bassett Harrison | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-01-31 |
| Mrs Claire Lucy Harrison | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-01-31 |
| Horometrie Sa | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-01-31 |
| Redgrave Luxury Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 110 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-13 | CH01 | officers | Change person director company with change date | |
| 2025-07-14 | AA | accounts | Accounts with made up date | |
| 2025-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-14 | CH01 | officers | Change person director company with change date | |
| 2024-07-31 | AA | accounts | Accounts with accounts type group | |
| 2024-06-28 | CH01 | officers | Change person director company with change date | |
| 2024-06-28 | CH01 | officers | Change person director company with change date | |
| 2024-04-03 | CH01 | officers | Change person director company with change date | |
| 2024-04-03 | CH01 | officers | Change person director company with change date | |
| 2024-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-23 | AA | accounts | Accounts with accounts type group | |
| 2023-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-11 | AA | accounts | Accounts with accounts type group | |
| 2022-11-29 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
+6.8%
£358,570,776 £382,874,191
-
Cash
-7.4%
£119,474,808 £110,601,069
-
Net assets
-3.6%
£259,525,823 £250,145,007
-
Employees
0%
90 90
-
Operating profit
+6.4%
£125,305,408 £133,312,374
-
Profit before tax
+7.7%
£139,273,587 £150,033,704
-
Wages
-4.9%
£7,903,872 £7,514,648
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