RACKSPACE LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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%

  £392,633,505 → £354,780,964

• Cash

  -17.3%

  £10,558,000 → £8,726,278

• Net assets

  +38.4%

  -£17,718,584 → -£10,919,016

• Employees

  -14%

  709 → 610

• Operating profit

  +207.2%

  -£9,384,829 → £10,064,747

• Profit before tax

  +98.8%

  -£20,517,342 → -£241,908

• Wages

  -13.7%

  £69,660,416 → £60,143,545

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.

1. RACKSPACE LIMITED 2008-01-22 → present
2. RACKSPACE MANAGED HOSTING LIMITED 2001-02-14 → 2008-01-22
3. RACKSPACE.COM LIMITED 1999-12-20 → 2001-02-14

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company is in a net current asset position of £23,687,083 (2023 £13,660,544) and net liability position of £10,919,016 (2023 net liability position of £17,718,584) at year-end. We have forecasted future cashflows by extrapolating the revenue and costs with possible churn in revenue and higher inflationary impacts as severe plausible downside scenario. We have ensured that none of the non current intercompany loan is due within the assessment period. The net liability position is not considered to be an issue where the net liability position was caused from a full impairment recognised in 2023 relating to the Company's investment in Datapipe Europe which was a non-reoccurring event. Rackspace Technology, Inc, the parent undertaking of the group, has provided written confirmation of its intention to continue to provide financial support to the Company such that the Company is able to operate as a going concern and to settle its liabilities as they fall due for a period of at least 12 months from the date of signing the Financial Statements. After considering these aspects, we believe that the Company has adequate resources to continue to meet its ongoing financial obligations for at least 12 months from the date of signing the financial statements. Therefore, the directors have adopted the going concern basis of preparation in the financial statements.”

Group structure

1. RACKSPACE LIMITED · parent
   1. Datapipe Europe Limited 100% · England · Trading
   2. Adapt Services Limited 100% · England · Trading
   3. Centric Telecom Limited 100% · England · Trading
   4. Elinia Limited 100% · England · Holding company
   5. Elinia Webservices Limited 100% · England · Trading
   6. Sleek Networks Limited 100% · England · Trading
   7. Datapipe Israel Limited 100% · Israel · Dormant
   8. Datapipe Germany GMBH 100% · Germany · Dormant

Significant events

• “Political and economic uncertainty surrounding the conflict between Russia and Ukraine could have a material adverse effect on our business. Currently, the conflict has not had a significant impact on our operations or financial performance. However, our overall performance depends in part on worldwide economic and geopolitical conditions.”

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

Filings

5

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.