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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-07-14 (in 2mo)

Last made up 2025-06-30

Watchouts

None on the register

Cash

£19K

-29.5% lowest in 3 filed years

Net assets

-£388K

+2.6% vs 2023

Employees

57

-1.7% vs 2023

Profit before tax

£10K

+102.2% vs 2023

Accounts

4-year trend · latest reflected 2024-12-31

Metric Trend 2021-12-312022-12-312023-12-312024-12-31
Turnover £5,831,050£7,720,064£8,545,741
Operating profit -£276,956£313,398
Profit before tax -£468,111£10,438
Net profit -£83,728£1,675,652-£468,111£10,438
Cash £36,209£27,264£19,232
Total assets less current liabilities -£176,525-£293,285
Net assets £69,917-£398,194-£387,756
Equity -£398,194-£387,756
Average employees 57565857
Wages £1,880,545£1,951,495
Directors' remuneration £185,141£191,225

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

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2021-12-312022-12-312023-12-312024-12-31
Operating margin -3.6%3.7%
Net margin 28.7%-6.1%0.1%
Return on capital employed 156.9%-106.9%
Gearing (liabilities / total assets) 110.2%108.8%
Current ratio 0.61x0.68x
Interest cover -0.98x1.02x

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

  1. RAPALA VMC UK LIMITED 2023-01-13 → present
  2. DYNAMITE BAITS LIMITED 2001-12-12 → 2023-01-13

Audit & accounting basis

Accounting basis
FRS 101
Reporting scope
Standalone (parent only)
Auditor
UHY Hacker Young LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“As at 31 December 2024 net assets overall are £387,756 negative (2023 net assets £398,194 negative). The Company is dependent upon its parent undertaking Rapala VMC Oyj for financial support. A letter of support has been received by the Company from Rapala VMC Oyj for a period of at least 12 months from the date of approving these financial statements ("the review period"). Rapala VMC Oyj ('the Group'). in the opinion of the directors, have adequate financial resources, which are continually monitored by group management. Therefore, after obtaining a letter of support and making enquiries, the directors of the Company believe that the Company has adequate resources to continue in operational existence for the review period. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

  1. RAPALA VMC UK LIMITED · parent
    1. Normark UK Sport Ltd 100% · Great Britain · Dormant

Significant events

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

People

4 active · 14 resigned

Name Role Appointed Born Nationality
SPENCER, Andrew John Secretary 2022-09-01
HODGES, Daryl Director 2021-11-17 Nov 1970 British
LEINO, Tuomo Ilmari Director 2025-10-23 Sep 1985 Finnish
LENNOX, Duncan George Forrest Director 2021-11-17 Mar 1989 British
Show 14 resigned officers
Name Role Appointed Resigned
BOND, Catherine Secretary 2010-11-15 2022-09-01
BOND, Catherine Jane Secretary 2007-06-28 2010-08-27
HARGREAVES, Matthew Guy Timothy Secretary 2001-12-12 2010-08-27
HALLMARK SECRETARIES LIMITED Corporate Nominee Secretary 2001-12-12 2001-12-12
AHO, Olli Director 2010-08-27 2025-10-23
HARGREAVES, Matthew Guy Timothy Director 2001-12-12 2010-08-27
KASSLIN, Jorma Johani Director 2010-08-27 2017-09-22
MAHLAMAKI, Janne Johannes Director 2021-11-17 2023-06-30
NICOLLE, Jean-Philippe Marie Auguste Robert Director 2013-12-20 2021-11-17
RISTIMAKI, Jussi Director 2010-08-27 2010-08-27
RISTIMAKI, Jussi Director 2010-08-27 2019-09-27
TWIDALE, Marcus Roger Director 2017-09-22 2021-11-17
TWIDALE, Marcus Roger Director 2001-12-12 2013-12-31
HALLMARK REGISTRARS LIMITED Corporate Nominee Director 2001-12-12 2001-12-12

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Rapala Vmc Oyj Corporate entity Shares 75–100% 2016-04-06 Active

Filing timeline

Last 20 of 113 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2023-01-13 CERTNM Certificate change of name company
  • 2023-01-13 CONNOT Change of name notice
  • 2023-01-13 RESOLUTIONS Resolution
Date Type Category Description
2025-10-23 TM01 officers Termination director company with name termination date PDF
2025-10-23 AP01 officers Appoint person director company with name date PDF
2025-08-01 AA accounts Accounts with accounts type full PDF
2025-07-09 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-04 AA accounts Accounts with accounts type full PDF
2024-07-10 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-09-20 AA accounts Accounts with accounts type full PDF
2023-07-27 TM01 officers Termination director company with name termination date PDF
2023-07-03 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-01-13 CERTNM change-of-name Certificate change of name company
2023-01-13 CONNOT change-of-name Change of name notice
2023-01-13 RESOLUTIONS resolution Resolution
2022-09-01 AP03 officers Appoint person secretary company with name date PDF
2022-09-01 TM02 officers Termination secretary company with name termination date PDF
2022-07-15 AA accounts Accounts with accounts type full
2022-06-30 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-11-30 AP01 officers Appoint person director company with name date PDF
2021-11-30 AP01 officers Appoint person director company with name date PDF
2021-11-30 AP01 officers Appoint person director company with name date PDF
2021-11-30 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
0

last 24 months

Officers appointed
1

last 12 months

Officers resigned
1

last 12 months

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

Official Companies House page