RICHINGS FINANCIAL MANAGEMENT LTD

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

• ⚠

  Material uncertainty over going concern

  As the assets and trade of the entity has been transferred to Mattioli Woods at the end of the year and the entity has ceased trading, the financial statements have been prepared on the basis that the entity is no longer a going concern. The entity will be wound up post the receipt of the loan notes from Mattioli Woods. This basis of preparation has had no significant impact on the reported figures in the financial statements.

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

  -4.2%

  £638,368 → £611,851

• Cash

  —

  Not reported

• Net assets

  +268.3%

  £512,136 → £1,886,419

• Employees

  0%

  3 → 3

• Operating profit

  +6%

  £400,690 → £424,593

• Profit before tax

  +270.8%

  £401,590 → £1,489,034

• Wages

  -7.6%

  £101,766 → £94,046

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Morris and Young, Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As the assets and trade of the entity has been transferred to Mattioli Woods at the end of the year and the entity has ceased trading, the financial statements have been prepared on the basis that the entity is no longer a going concern. The entity will be wound up post the receipt of the loan notes from Mattioli Woods. This basis of preparation has had no significant impact on the reported figures in the financial statements.”

Significant events

• “On 30 April 2024, the trade and assets of Company were transferred to Mattioli Woods plc, the parent company. This gave rise to income in the Statement of Comprehensive Income of £1,031,470. In return for the trade and assets hived up, loan notes of £1,889,209 were issued to Mattioli Woods plc on which interest is due.”

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

Filings

4

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.