PROJECT RHINE REALISATIONS 2026 LIMITED
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Cash
£39k
-79.8% lowest in 4 filed years
Net assets
£1.3m
-52.5% lowest in 4 filed years
Employees
165
+1.9% highest in 4 filed years
Profit before tax
-£1.4m
-389.7% lowest in 4 filed years
Net assets
4-year trend
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £12,000,650 | £13,130,570 | £13,455,623 | £13,394,086 | -0.5% | |
| Operating profit | -£161,048 | -£240,595 | £616,523 | -£1,238,174 | -300.8% | |
| Profit before tax | -£232,681 | -£310,082 | £480,566 | -£1,392,350 | -389.7% | |
| Net profit | -£214,956 | -£203,450 | £384,920 | -£1,421,123 | -469.2% | |
| Cash | £194,562 | £227,549 | £191,543 | £38,618 | -79.8% | |
| Total assets less current liabilities | £3,800,240 | £3,970,306 | £3,750,051 | £1,801,150 | -52% | |
| Net assets | £2,524,470 | £2,321,020 | £2,705,940 | £1,284,817 | -52.5% | |
| Equity | £2,524,470 | £2,321,020 | £2,705,940 | £1,284,817 | -52.5% | |
| Average employees | 149 | 154 | 162 | 165 | +1.9% | |
| Wages | £3,585,403 | £3,477,680 | £3,191,987 | £3,507,678 | +9.9% | |
| Directors' remuneration | £286,567 | £296,669 | £244,232 | £421,246 | +72.5% | |
| Directors' pension contributions | £NaN | £NaN | £32,040 | £22,235 | -30.6% | |
| Highest paid director | £NaN | £NaN | £110,427 | £115,106 | +4.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | -1.3% | -1.8% | 4.6% | -9.2% | |
| Net margin | -1.8% | -1.5% | 2.9% | -10.6% | |
| Return on capital employed | -4.2% | -6.1% | 16.4% | -68.7% | |
| Gearing (liabilities / total assets) | 72.8% | 73.0% | 69.5% | 83.6% | |
| Current ratio | — | — | 1.55x | 1.19x | |
| Interest cover | -1.52x | -1.46x | 2.60x | -4.93x |
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
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared cash flow forecasts which cover at least 12 months from the date of approval of these financial statements which indicate that the company should have sufficient funds, through its operating cash flows and existing cash balances, to meet its liabilities as they fall due for that period. Based on the above the directors have prepared the financial statements on a going concern basis.”
Group structure
- PROJECT RHINE REALISATIONS 2026 LIMITED · parent
- LifeArt Coffins North Limited 100%
- SG Transport (North East) Limited 100%
Significant events
- “On 16 September 2024, the group incorporated a new subsidiary to aid the cost effective control of freight transport.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOWSON, David Lee | Director | 2018-02-13 | Jan 1981 | British |
| FORBISTER, Martin | Director | 2025-01-01 | Apr 1966 | British |
| JERRARD, Mark | Director | 2018-02-13 | Dec 1963 | British |
| TISHLER, Sarah | Director | 2018-02-13 | Jul 1969 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PEGMAN, Graeme | Secretary | 1998-10-06 | 2001-02-28 |
| QUINN, John | Secretary | 2001-06-18 | 2018-07-31 |
| SIMPSON, Evelyn | Secretary | — | 1998-10-06 |
| D'ARCY, David | Director | 2018-11-01 | 2022-07-14 |
| MALTON, Jon | Director | 2023-04-24 | 2024-11-30 |
| MCCLYMONT, Colin Peter | Director | 2006-05-01 | 2009-05-19 |
| MCNALLY, William Martin | Director | — | 2018-07-31 |
| PASS, David | Director | 2005-05-18 | 2007-06-09 |
| PEGMAN, Graeme | Director | 1993-07-30 | 2001-02-28 |
| QUINN, John | Director | 2003-05-23 | 2018-07-31 |
| REITHINGER, Josef | Director | 2010-07-08 | 2018-07-31 |
| SIMPSON, Mark William | Director | — | 2018-02-13 |
| SIMPSON, William Thomas | Director | — | 1998-09-10 |
| SKELCHY, William Paul | Director | — | 1997-06-13 |
| WILKIE, Graeme | Director | 2001-04-23 | 2008-07-24 |
| WILLIAMS, Dean Andre | Director | 2018-02-13 | 2019-06-17 |
| WILLS, Kevin Robert | Director | 2019-08-16 | 2022-11-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Simpson Group Limited | Corporate entity | Shares 75–100% | 2018-02-13 | Active |
| Mr Mark William Simpson | Individual | Shares 25–50% | 2016-04-06 | Ceased 2018-02-13 |
| Mr Josef Reithinger | Individual | Shares 25–50% | 2016-04-06 | Ceased 2018-02-13 |
Filing timeline
Last 20 of 194 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-02 | AA | accounts | Accounts with accounts type full | |
| 2024-06-27 | CH01 | officers | Change person director company with change date | |
| 2024-06-27 | CH01 | officers | Change person director company with change date | |
| 2024-06-27 | CH01 | officers | Change person director company with change date | |
| 2023-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2023-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-23 | AA | accounts | Accounts with accounts type full | |
| 2022-11-16 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-09-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-07-22 | AA | accounts | Accounts with accounts type full |
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.