R2C ONLINE LIMITED
A subsidiary of the US-listed Corpay Inc, the company develops and operates the r2c Online software platform for commercial vehicle compliance, workshop, and fleet management.
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Cash
£204K
-84% lowest in 6 filed years
Net assets
£1.4M
-93.6% lowest in 6 filed years
Employees
53
-1.9% vs 2024
Profit before tax
£8.6M
+25.4% highest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £5,637,978 | £6,752,706 | £7,751,212 | £9,148,459 | £10,616,979 | £12,196,607 | +14.9% | |
| Operating profit | £2,830,852 | £3,610,464 | £4,031,272 | £5,908,141 | £6,877,260 | £8,634,013 | +25.5% | |
| Profit before tax | £2,832,186 | £3,605,871 | £4,016,128 | £5,897,151 | £6,884,572 | £8,634,013 | +25.4% | |
| Net profit | — | — | — | £4,513,256 | £5,163,430 | £6,475,509 | +25.4% | |
| Cash | £4,202,085 | £7,259,983 | £3,362,327 | £2,064,696 | £1,277,367 | £203,782 | -84% | |
| Total assets less current liabilities | £6,543,447 | £9,458,658 | £12,726,529 | £17,186,623 | £22,308,544 | £1,491,236 | -93.3% | |
| Net assets | £6,079,658 | £8,947,152 | £12,535,617 | £17,048,873 | £22,212,303 | £1,423,951 | -93.6% | |
| Equity | £6,079,658 | £8,947,152 | £12,535,617 | £17,048,873 | £22,212,303 | £1,423,951 | -93.6% | |
| Average employees | 53 | 53 | 59 | 54 | 54 | 53 | -1.9% | |
| Wages | £1,670,173 | £1,676,833 | £2,002,827 | £1,792,304 | £1,953,896 | £1,739,157 | -11% | |
| Directors' remuneration | £56,465 | — | — | — | — | — | — |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 50.2% | 53.5% | 52.0% | 64.6% | 64.8% | 70.8% | |
| Net margin | — | — | — | 49.3% | 48.6% | 53.1% | |
| Return on capital employed | 43.3% | 38.2% | 31.7% | 34.4% | 30.8% | 579.0% | |
| Current ratio | — | — | — | 8.39x | 10.50x | 0.30x |
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 2 times since incorporation
- R2C ONLINE LIMITED 2012-05-24 → present
- FD TEK LIMITED 2004-04-26 → 2012-05-24
- DWCO 1 LIMITED 2003-11-28 → 2004-04-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Shorts
- 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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “In the current year, it paid a dividend of £27,263,861 (2024: £Nil).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PARKES, Timothy Stephen Thomas | Director | 2025-12-08 | Dec 1979 | British |
| VARADPANDE, Aditya | Director | 2022-08-26 | Jan 1977 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIGGIN, Charles Arnold John | Secretary | 2004-05-13 | 2010-02-05 |
| DAVIDSON, Russell Mark | Secretary | 2003-11-28 | 2004-05-13 |
| BIGGIN, Charles Arnold John | Director | 2004-05-13 | 2004-06-04 |
| BLAZYE, Andrew Robert | Director | 2019-04-01 | 2019-09-06 |
| CATTON, Paul Andrew | Director | 2004-05-13 | 2005-07-01 |
| CLARK, Ross Mackenzie | Director | 2003-11-28 | 2004-05-13 |
| COLDREY-MOBBS, Charles | Director | 2004-06-04 | 2007-10-21 |
| DE GROOT, Michael | Director | 2019-04-01 | 2019-11-18 |
| DOWNING, Francis Anthony, Dr | Director | 2004-05-13 | 2010-01-29 |
| FREUND, Charles Richard | Director | 2020-09-01 | 2022-10-02 |
| KING, Alan | Director | 2019-11-05 | 2022-08-26 |
| KRAVOS-MEDIMOREC, Anita | Director | 2019-11-05 | 2020-12-31 |
| PISCIOTTA, Steven Joseph | Director | 2020-09-01 | 2022-05-06 |
| VAUGHAN, Laurence Edward William | Director | 2010-08-27 | 2019-04-01 |
| WALLS, Nicholas Andrew | Director | 2004-05-13 | 2020-01-16 |
| WATERHOUSE, Paul Keith | Director | 2016-11-16 | 2020-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Quadrum Investments Group Limited | Corporate entity | Shares 75–100% | 2025-12-17 | Active |
| R2c Online Holdings Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2025-12-17 |
Filing timeline
Last 20 of 121 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-22 | AA | accounts | Accounts with accounts type full | |
| 2025-12-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-15 | AA | accounts | Accounts with accounts type full | |
| 2024-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-24 | AA | accounts | Accounts with accounts type full | |
| 2023-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2022-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-26 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-25 | AA | accounts | Accounts with accounts type full | |
| 2022-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-30 | AA | accounts | Accounts with accounts type small | |
| 2021-01-04 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
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.