RETAIL & ASSET SOLUTIONS LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-10 (in 11mo)
Last made up 2026-03-27
Watchouts
Cash
£755K
-8.5% vs 2023
Net assets
-£841K
-118.6% vs 2023
Employees
1,315
-5.1% vs 2023
Profit before tax
£9K
-98.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | £20,677,000 | £22,084,000 | |
| Operating profit | £1,024,000 | £371,000 | |
| Profit before tax | £706,000 | £9,000 | |
| Net profit | £452,000 | -£93,000 | |
| Cash | £825,000 | £755,000 | |
| Total assets less current liabilities | £4,525,000 | £3,874,000 | |
| Net assets | £4,525,000 | -£841,000 | |
| Equity | £4,525,000 | -£841,000 | |
| Average employees | 1,385 | 1,315 | |
| Wages | £11,902,000 | £13,545,000 |
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 | 5.0% | 1.7% | |
| Net margin | 2.2% | -0.4% | |
| Return on capital employed | 22.6% | 9.6% | |
| Gearing (liabilities / total assets) | 73.3% | 107.0% | |
| Current ratio | 1.22x | 1.32x | |
| Interest cover | 3.22x | 1.02x |
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
- Feist Hedgethorne Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed future profitability and cash flow projections for a period of at least 12 months from the date of signing these financial statements and are of the opinion that it is appropriate to adopt the going concern basis of accounting.”
Group structure
- RETAIL & ASSET SOLUTIONS LTD · parent
- Retail & Vehicle Asset Solutions Limited 100%
Significant events
- “On 9 September 2024, the company became the new parent undertaking of the group, following a group reorganisation in which the shareholders of Retail & Asset Solutions Group Ltd transferred their interest in the subsidiary to Retail & Asset Solutions Ltd.”
- “Exceptional items of £222,000 relate to the 2024 demerger and £186,000 relate to mobilisation costs associated with a new contract that has subsequently not recurred.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEYWOOD, Lois Susan | Director | 2018-03-28 | Apr 1968 | British |
| WILSON, David Charles | Director | 2018-05-02 | Apr 1986 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ras Holdco Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-09-09 | Active |
| Rasg Holdco Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-09-06 | Ceased 2024-09-09 |
| Retail & Asset Solutions Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-12-16 | Ceased 2024-09-06 |
| Asset Solutions Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-04-30 | Ceased 2022-12-16 |
| Lois Susan Heywood | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-03-28 | Ceased 2018-04-30 |
Filing timeline
Last 20 of 52 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-18 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-09-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-09 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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 2024-12-31 vs 2023-12-31
-
Turnover
+6.8%
£20,677,000 £22,084,000
-
Cash
-8.5%
£825,000 £755,000
-
Net assets
-118.6%
£4,525,000 -£841,000
-
Employees
-5.1%
1,385 1,315
-
Operating profit
-63.8%
£1,024,000 £371,000
-
Profit before tax
-98.7%
£706,000 £9,000
-
Wages
+13.8%
£11,902,000 £13,545,000
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