RETAIL MERCHANDISING SERVICES LTD

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

  +45.4%

  £9,859,512 → £14,339,403

• Cash

  +169%

  £181,903 → £489,304

  highest in 4 filed years

• Net assets

  +16.1%

  £2,128,890 → £2,470,884

• Employees

  -8.9%

  224 → 204

• Operating profit

  +374.8%

  -£219,151 → £602,330

• Profit before tax

  +223%

  -£338,477 → £416,477

• Wages

  +22.6%

  £5,042,371 → £6,180,122

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Qualified

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 group's and parent 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. The company's cash position remains strong, supported by a robust relationship with its funding partner. This partnership ensures continued access to working capital, enabling further investment in expansion and innovation. The repayment of the RMS Technology loan has also progressed positively, with cash repayments received in late 2024, reducing the balance to £2.103m. Continued repayments will further strengthen the company's financial position moving into 2025.”

Group structure

1. RETAIL MERCHANDISING SERVICES LTD · parent
   1. RMS Technology Limited 100% · United Kingdom

Significant events

• “RMS has had a landmark year, achieving a remarkable turnaround and significant growth across all service lines.”
• “At the beginning of 2024, RMS undertook a strategic review to refine its long-term vision and align its operations with its ambitious Road to 2030 Strategy.”
• “2024 brought greater stability to the UK economy. Interest rates remained at 5.25%, while inflation settled at around 3%, boosting retailer confidence and accelerating investment in store transformation projects.”
• “A significant step forward in its strategic expansion into installation, shopfitting services, and principal contracting was achieved in gaining Alcumus ISO 45001 Accreditation.”
• “Throughout the year, RMS expanded its client base, securing new contracts and deepening relationships with its core customers. Among the most significant milestones was the successful extension of long-term contracts with two major UK retail partners, marking a substantial shift towards direct installation and merchandising services; in many cases as the principal contractor.”

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

Filings

3

last 12 months

Capital events

2

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.