RADIUS VEHICLE SOLUTIONS (NI) LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. RADIUS VEHICLE SOLUTIONS (NI) LIMITED 2022-12-06 → present
2. TRACTION FINANCE (NI) LIMITED 2020-03-10 → 2022-12-06
3. LEASE OPTIONS LIMITED 2003-06-25 → 2020-03-10
4. MMW (NO15) LIMITED 2003-06-09 → 2003-06-25

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM Ireland Business Advisory Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have concluded that the company's operating model remains robust in the medium to long term. The directors have considered the Group's detailed projections for at least 12 months from the date of signing the financial statements, together with a longer-term assessment, and are satisfied that the Group and the company will continue to be profitable, and compliant with all banking covenants, for the foreseeable future. The directors therefore consider that at the time of approving the financial statements it is wholly appropriate to prepare the financial statements on a going concern basıs.”

Group structure

1. RADIUS VEHICLE SOLUTIONS (NI) LIMITED · parent
   1. GUS Commercials Limited 100% · Northern Ireland
   2. Radius Vehicle Solutions (Ireland) Limited 100% · Ireland

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

14

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -11.5%

  £27,725,384 → £24,544,371

• Cash

  -3.1%

  £1,568,169 → £1,519,254

• Net assets

  +24.3%

  £2,999,990 → £3,728,256

• Employees

  0%

  24 → 24

• Operating profit

  +28%

  £2,892,096 → £3,701,791

• Profit before tax

  +153.6%

  £303,383 → £769,258

• Wages

  -13.3%

  £1,487,333 → £1,289,111

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