REDWOOD TECHNOLOGIES LIMITED

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

• Turnover

  +9.6%

  £25,949,936 → £28,447,357

• Cash

  -34.1%

  £11,093,761 → £7,311,087

• Net assets

  -20.7%

  £25,675,733 → £20,365,600

• Employees

  +8.7%

  138 → 150

• Operating profit

  -170.3%

  £670,376 → -£471,141

• Profit before tax

  -118.8%

  £1,009,014 → -£190,054

• Wages

  +13.4%

  £11,229,053 → £12,736,727

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

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have reviewed the financial performance and position of the Company and have assessed the cash flow forecasts through to 31 May 2026 ("the going concern review period"). The company has strong net assets, is highly cash generative, and is profit making, as noted in the Strategic Report. The Company is in a net current asset position of £14,098,158 at 31 December 2024 (2023: £19,373,632) including cash reserves of £7,311,087 (2023: £11,093,761). In addition, the Company is part of a larger group and the Directors have received confirmation from the ultimate parent company of the Group (see note 21) that access to financial support would also be available during the going concern review period if required. The Directors are satisfied that, due to the robustness of its business, headroom in the cash flow forecast and, if required, the ability of the Company and Group to control its operating costs and capital expenditures the business would continue to have sufficient cash available even in the event of any reasonably possible downturn in Company or Group's operations. On the basis of their assessment, the Directors expect that the Company and the Group will be able to continue in operational existence for the period up to and including 31 May 2026, and hence continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “During 2024 Group achieved the highest year of Sales bookings in its history. These sales, together with the significant new customer that the Group won in 2023, resulted in Annual Recurring Revenues (ARR) increasing by 20%.”
• “Dividends - a dividend of £6,000,000 was declared and paid on 21 October 2024 (2023: £nil).”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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