UK Companies House feature
RDX WORKS LTD
Cash
£3M
+0.8% vs 2020
Net assets
£8M
+80.9% vs 2020
Employees
16
+23.1% vs 2020
Profit before tax
—
Period ending 2021-03-31
Profile
- Company number
- 10864928
- Status
- Active
- Incorporation
- 2017-07-13
- Last accounts made up
- 2024-03-31
- Account category
- FULL
- Primary SIC
- 62090
Net assets
3-year trend · vs UK AI & Enterprise SaaS median
Accounts
3-year trend · latest 2021-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | — | — | |
| Profit before tax | — | — | — | |
| Net profit | — | — | — | |
| Cash | £680,876 | £3,028,603 | £3,053,828 | |
| Total assets less current liabilities | -£778,547 | £4,439,530 | £8,029,058 | |
| Net assets | -£779,891 | £4,439,530 | £8,029,058 | |
| Equity | -£779,891 | £4,439,530 | £8,029,058 | |
| Average employees | 8 | 13 | 16 | |
| Wages | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These financial statements have been prepared on a basis other than going concern, as the directors' intention is to dissolve the Company. Further information on how the decision to liquidate the company has affected the financial statements can be found in note 2.2.”
Significant events
- “The Genesis Provision discussed in note 19 was subsequently settled on 4 April 2024. The relevant transaction ID is listed in the RDX Finance Ltd Crypto-Trading record. In February 2025, the Company received notice from a key customer regarding the termination of their contract, which takes effect after a two-month notice period. Consequently, the directors have made the decision to liquidate the business.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HODGSON, Christopher Frank | Director | 2025-07-29 | Feb 1985 | British |
| TAIT, Claire Elaine | Director | 2025-07-29 | Nov 1987 | Scottish |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GORMLEY, Ellen Jayne | Director | 2023-06-05 | 2023-11-30 |
| HODGSON, Christopher Frank | Director | 2025-07-29 | 2025-07-29 |
| HUGHES, Daniel Patrick | Director | 2017-07-13 | 2025-07-28 |
| KLEIN, Saul | Director | 2020-02-14 | 2023-06-05 |
| RIDYARD, Piers Shrewsbury Wedgwood | Director | 2019-02-14 | 2025-06-17 |
| SIMMONS, Adam Leslie | Director | 2023-12-18 | 2025-01-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rdx Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2023-04-18 | Active |
| Mr Piers Ridyard | Individual | Significant influence | 2017-11-30 | Ceased 2023-04-18 |
| Daniel Patrick Hughes | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2017-07-13 | Ceased 2023-04-18 |
Filing timeline
Last 20 of 101 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-02-23 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-07-31 | AP01 | officers | appoint person director company with name date |
| 2025-07-31 | AP01 | officers | appoint person director company with name date |
| 2025-07-31 | TM01 | officers | termination director company with name termination date |
| 2025-07-31 | AP01 | officers | appoint person director company with name date |
| 2025-07-31 | TM01 | officers | termination director company with name termination date |
| 2025-07-25 | AA | accounts | accounts with accounts type full |
| 2025-06-17 | TM01 | officers | termination director company with name termination date |
| 2025-02-20 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-02-03 | TM01 | officers | termination director company with name termination date |
| 2024-05-31 | AA | accounts | accounts with accounts type group |
| 2024-02-16 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-01-05 | AP01 | officers | appoint person director company with name date |
| 2023-12-14 | TM01 | officers | termination director company with name termination date |
| 2023-07-05 | RESOLUTIONS | resolution | resolution |
| 2023-06-06 | TM01 | officers | termination director company with name termination date |
| 2023-06-06 | AP01 | officers | appoint person director company with name date |
| 2023-04-20 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2023-04-20 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2023-04-20 | PSC02 | persons-with-significant-control | notification of a person with significant control |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory