RAPALA VMC UK LIMITED
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Cash
£19k
+0.4% vs 2024
Net assets
-£160k
+58.7% vs 2024
Employees
56
-1.8% vs 2024
Profit before tax
£228k
+2,080.9% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
As at 31 December 2025 the Company is in a net assets overall are £160,109 negative (2024 net assets £387,756 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").
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £5,831,050 | £7,720,064 | £8,545,741 | £8,610,793 | +0.8% | |
| Operating profit | — | -£276,956 | £313,398 | £363,244 | +15.9% | |
| Profit before tax | — | -£468,111 | £10,438 | £227,647 | +2,080.9% | |
| Net profit | £1,675,652 | — | £10,438 | £227,647 | +2,080.9% | |
| Cash | £36,209 | £27,264 | £19,232 | £19,313 | +0.4% | |
| Total assets less current liabilities | — | — | -£293,285 | -£160,109 | +45.4% | |
| Net assets | £69,917 | £398,194 | -£387,756 | -£160,109 | +58.7% | |
| Equity | — | — | -£387,756 | -£160,109 | +58.7% | |
| Average employees | 56 | 58 | 57 | 56 | -1.8% | |
| Wages | — | £1,880,545 | £1,951,495 | £2,003,171 | +2.6% | |
| Directors' remuneration | — | £185,141 | £191,225 | £206,442 | +8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | -3.6% | 3.7% | 4.2% | |
| Net margin | 28.7% | — | 0.1% | 2.6% | |
| Gearing (liabilities / total assets) | — | 89.8% | 108.8% | 104.2% | |
| Current ratio | — | 0.61x | 0.68x | 0.69x | |
| Interest cover | — | -0.98x | 1.02x | 1.50x |
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
- RAPALA VMC UK LIMITED 2023-01-13 → present
- 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
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As at 31 December 2025 the Company is in a net assets overall are £160,109 negative (2024 net assets £387,756 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").”
Group structure
- RAPALA VMC UK LIMITED · parent
- Normark UK Sport Ltd 100%
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 115 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 | |
|---|---|---|---|---|
| 2026-08-06 | AA | accounts | Accounts with accounts type full | |
| 2026-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-01 | AA | accounts | Accounts with accounts type full | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-04 | AA | accounts | Accounts with accounts type full | |
| 2024-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-20 | AA | accounts | Accounts with accounts type full | |
| 2023-07-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 | |
| 2022-09-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-07-15 | AA | accounts | Accounts with accounts type full | |
| 2022-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-30 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-30 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.