RH COMMERCIAL VEHICLES LTD
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Cash
—
Latest balance sheet
Net assets
£5.3m
+8.1% vs 2024
Employees
200
+17% highest in 3 filed years
Profit before tax
£690k
+436.6% first positive since 2024
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £57,483,000 | £55,785,000 | £74,143,000 | +32.9% | |
| Operating profit | £1,317,000 | £970,000 | £1,724,000 | +77.7% | |
| Profit before tax | £710,000 | -£205,000 | £690,000 | +436.6% | |
| Net profit | £615,000 | -£431,000 | £401,000 | +193% | |
| Cash | £2,000 | -£2,157,000 | — | — | |
| Total assets less current liabilities | £6,589,000 | £6,203,000 | £7,225,000 | +16.5% | |
| Net assets | £5,379,000 | £4,948,000 | £5,349,000 | +8.1% | |
| Equity | £5,379,000 | £4,948,000 | £5,349,000 | +8.1% | |
| Average employees | 158 | 171 | 200 | +17% | |
| Wages | £6,394,000 | £7,232,000 | £8,536,000 | +18% | |
| Directors' remuneration | £414,000 | £423,000 | £509,000 | +20.3% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.3% | 1.7% | 2.3% | |
| Net margin | 1.1% | -0.8% | 0.5% | |
| Return on capital employed | 20.0% | 15.6% | 23.9% | |
| Gearing (liabilities / total assets) | — | 86.0% | 83.6% | |
| Current ratio | 1.09x | 0.98x | 1.00x | |
| Interest cover | 2.17x | 0.83x | 1.67x |
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.
Name history
Renamed 1 time since incorporation
- RH COMMERCIAL VEHICLES LTD 2025-09-30 → present
- R. H. COMMERCIAL VEHICLES LIMITED 1979-12-10 → 2025-09-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Page Kirk LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- RH COMMERCIAL VEHICLES LTD · parent
- RH Rentals Ltd 100%
Significant events
- “At the time of writing the effects of the conflict in the Middle East alongside the continued war in the Ukraine are still playing out. Our own cost base is of course affected, road fuel particularly, however pressure of our customer base of which fuel is typically 30-40% of total operating costs is immense.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAXTER, Neville Alfred | Director | 2012-02-06 | Apr 1939 | British |
| BAXTER, Nigel Andrew | Director | 2012-02-06 | Mar 1963 | British |
| BAXTER, Peter James | Director | 2012-02-06 | Mar 1973 | British |
| DAYKIN, James | Director | 2025-01-16 | Dec 1988 | British |
| PEARSON, Paul Alec | Director | 2012-02-06 | Nov 1972 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRANE, Roger Leonard Arthur | Secretary | — | 2004-06-30 |
| LAYTON, Robert | Secretary | 2011-04-01 | 2012-02-06 |
| RAFFERTY, Steven | Secretary | 2004-07-01 | 2011-04-01 |
| ANDERSON, Brian Henry | Director | — | 2001-12-26 |
| BAXTER, Andrew Neville | Director | 2005-08-02 | 2011-04-01 |
| BAXTER, Ian John Robert | Director | 1996-04-23 | 2011-04-01 |
| BAXTER, Neville Alfred | Director | — | 2005-08-02 |
| BAXTER, Nigel Andrew | Director | 2009-03-24 | 2011-04-01 |
| CRANE, Roger Leonard Arthur | Director | — | 2004-06-30 |
| CRANSTONE, Lionel Rex | Director | — | 1997-12-09 |
| HEDDERWICK, James | Director | 2011-10-01 | 2012-02-06 |
| HELD, Thierry Patrick | Director | 2011-04-01 | 2012-02-03 |
| JEAYS, Benjamin Edwin | Director | 2020-01-02 | 2020-11-13 |
| PICK, Robert Bryan | Director | 2015-09-07 | 2020-04-30 |
| RAFFERTY, Steven | Director | 2002-12-04 | 2011-04-01 |
| SCHARWATH, Tim | Director | 2011-04-01 | 2011-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Nigel Andrew Baxter | Individual | Significant influence (as firm) | 2017-01-01 | Active |
Filing timeline
Last 20 of 148 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-30 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-01 | AA | accounts | Accounts with accounts type full | |
| 2026-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-07-02 | AA | accounts | Accounts with accounts type full | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-10 | ANNOTATION | miscellaneous | Legacy | |
| 2024-12-10 | AA | accounts | Accounts with accounts type full | |
| 2024-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-07-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-03 | AA | accounts | Accounts with accounts type full | |
| 2021-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-18 | TM01 | officers | Termination director company with name termination date | |
| 2020-10-27 | AA | accounts | Accounts with accounts type full | |
| 2020-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.