RUSSELL FINEX LIMITED
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2026-10-15 (in 5mo)
Last made up 2025-10-01
Watchouts
None on the register
Cash
£20M
+9% vs 2024
Net assets
£73M
+19.6% highest in 6 filed years
Employees
463
+1.1% highest in 6 filed years
Profit before tax
£4M
+1,632.6% vs 2024
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2025-01-31
| Metric | Trend | 2019-02-01 | 2020-01-31 | 2021-01-31 | 2021-02-01 | 2022-01-31 | 2022-02-01 | 2023-01-31 | 2023-02-01 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | £48,902,994 | £48,214,277 | |
| Operating profit | — | — | — | — | — | — | — | — | -£1,697,361 | £2,802,563 | |
| Profit before tax | — | — | — | — | — | — | — | — | -£282,779 | £4,333,989 | |
| Net profit | — | £4,035,338 | £1,916,200 | — | £3,138,021 | — | £3,747,617 | — | -£498,621 | £3,117,334 | |
| Cash | — | £20,425,305 | £20,173,588 | — | £17,840,580 | — | £18,415,001 | — | £18,727,146 | £20,419,023 | |
| Total assets less current liabilities | — | £31,711,742 | £35,083,734 | — | £35,027,101 | — | £38,558,307 | — | £47,221,427 | £48,777,955 | |
| Net assets | — | £21,441,293 | £21,064,383 | — | £31,891,168 | — | — | — | £61,029,355 | £73,002,455 | |
| Equity | £20,701,885 | £21,441,293 | £21,064,383 | £21,064,383 | £31,891,168 | £31,891,168 | £52,072,535 | £52,072,535 | £61,029,355 | £73,002,455 | |
| Average employees | — | 191 | 186 | — | 187 | — | 205 | — | 458 | 463 | |
| Wages | — | — | — | — | — | — | — | — | £18,943,009 | £17,184,902 | |
| Directors' remuneration | — | — | — | — | — | — | — | — | £2,602,645 | £2,265,631 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-01-31 vs 2024-01-31
-
Turnover
-1.4%
£48,902,994 £48,214,277
-
Cash
+9%
£18,727,146 £20,419,023
-
Net assets
+19.6%
£61,029,355 £73,002,455
highest in 5 filed years
-
Employees
+1.1%
458 463
highest in 6 filed years
-
Operating profit
+265.1%
-£1,697,361 £2,802,563
-
Profit before tax
+1,632.6%
-£282,779 £4,333,989
-
Wages
-9.3%
£18,943,009 £17,184,902
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-02-01 | 2020-01-31 | 2021-01-31 | 2021-02-01 | 2022-01-31 | 2022-02-01 | 2023-01-31 | 2023-02-01 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | -3.5% | 5.8% | |
| Net margin | — | — | — | — | — | — | — | — | -1.0% | 6.5% | |
| Return on capital employed | — | — | — | — | — | — | — | — | -3.6% | 5.7% | |
| Current ratio | — | — | — | — | — | — | — | — | 3.51x | 3.57x | |
| Interest cover | — | — | — | — | — | — | — | — | -25.75x | 24.91x |
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
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries the directors have a reasonable expectation that the Company and Group have adequate resources to continue and adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- RUSSELL FINEX LIMITED · parent
- Russell Finex NV 100%
- Russell Finex Inc 100%
- Galaxy Sivtek Pvt Ltd 100%
- Russell Finex (Sieves and Filters) Pvt Ltd 100%
- Russell Finex (Shanghai) Ltd 100%
Significant events
- “On 7th August 2025, the Group incorporated a subsidiary in Brazil, expanding its geographical footprint and market reach.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARRIS, Lisa Jane | Secretary | 2014-04-21 | — | — |
| ARMOUR, Kenneth John | Director | 2012-12-01 | Jan 1966 | British |
| KAY, Richard Anthony | Director | 2023-02-01 | Aug 1976 | British |
| O'CONNELL, Robert Joseph | Director | 2014-02-01 | Jan 1971 | British |
| SINGH, Resham | Director | 1997-08-01 | Sep 1956 | British |
| WARD, Robert James | Director | 2024-08-01 | Jan 1973 | British |
| WARDLAW, Ian Charles | Director | 2018-07-01 | Apr 1968 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COYNE, Patrick | Secretary | — | 1998-07-31 |
| MCDERMOTT, Carolyn Ann | Secretary | 1998-07-31 | 2017-04-21 |
| CHIPPERFIELD, Martin William | Director | 2011-02-01 | 2023-09-30 |
| CORN, Timothy Edward | Director | 2002-11-22 | 2010-07-30 |
| DALGLISH, Robert William | Director | — | 1993-10-05 |
| HENSON, Michael David | Director | — | 2012-12-31 |
| IRVING, David Peter Forbes | Director | — | 1992-11-10 |
| KEYWORTH, Stanley John | Director | — | 2024-02-26 |
| MAINWARING, Nigel John, Dr | Director | 1999-02-01 | 2018-06-30 |
| MCINTYRE, Keith | Director | 2003-02-01 | 2004-07-23 |
| MCINTYRE, Keith | Director | — | 2002-07-31 |
| MELVILLE, John Alistair Taylor | Director | 1993-08-09 | 2000-10-05 |
| USHERWOOD, Roger | Director | — | 2004-04-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Russell-Hurst Trustees Ltd | Corporate entity | ownership-of-shares-75-to-100-percent-as-trust | 2016-04-06 | Active |
Filing timeline
Last 20 of 145 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-11-03 RESOLUTIONS Resolution
- 2020-11-03 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-22 | AA | accounts | Accounts with accounts type group | |
| 2025-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-23 | AA | accounts | Accounts with accounts type group | |
| 2024-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-31 | AA | accounts | Accounts with accounts type group | |
| 2023-10-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-03 | CH01 | officers | Change person director company with change date | |
| 2023-05-03 | CH01 | officers | Change person director company with change date | |
| 2023-03-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-01 | AA | accounts | Accounts with accounts type group | |
| 2022-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-02 | AAMD | accounts | Accounts amended with accounts type group | |
| 2022-01-31 | AA | accounts | Accounts with accounts type group | |
| 2021-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-27 | AA | accounts | Accounts with accounts type group | |
| 2020-11-03 | RESOLUTIONS | resolution | Resolution | |
| 2020-11-03 | MA | incorporation | Memorandum articles |
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.