RADIS 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

  +5.8%

  £53,451,134 → £56,573,077

• Cash

  +4.1%

  £1,500,691 → £1,561,811

  highest in 3 filed years

• Net assets

  -2.2%

  £5,041,151 → £4,931,223

• Employees

  +2.5%

  2,433 → 2,494

  highest in 5 filed years

• Operating profit

  +116.1%

  -£753,066 → £120,880

• Profit before tax

  +111.5%

  -£863,264 → £99,269

• Wages

  +7.1%

  £42,190,870 → £45,204,549

  highest in 5 filed years

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

Consolidated group

Auditor

Mercer & Hole LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Group structure

1. RADIS LIMITED · parent
   1. GP Homecare Limited 100% · England & Wales · supply healthcare services
   2. Radis Staff Solutions Limited 100% · England & Wales · supply cleaning staff
   3. Focus Care Services Limited 100% · England & Wales · supply healthcare services
   4. Lucy Glyn Support Services Limited 100% · England & Wales · supply healthcare services
   5. DEEP Properties Limited 100% · England & Wales · investment property company

Significant events

• “The group increased turnover through fee increases on existing contracts, significant growth in Extra Care, consolidating on the growth from the prior year and new contracts and acquisitions in Supported Living.”
• “The gross profit margin has increased to 29.4% (2023: 26.0%). The strategic review of our contracts in the prior year has resulted in uneconomic and unsustainable contracts being handed back to the Local Authority / Health Boards, having an immediate positive impact on financials.”
• “The full impact of the actions taken have resulted in the business returning to profitability, with an Operating result (EBITDA) of £639,369 (2023: £(436,590) loss).”
• “The outlook for 2024/25 will be enhanced by further new contract additions and further benefits of the contract reviews which are being done continually. The group anticipates continued growth organically over the next 12 months.”

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

Filings

3

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.