RICARDO-AEA LIMITED
Get an alert when RICARDO-AEA LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£4.7m
-2.9% lowest in 3 filed years
Net assets
£48m
+12.6% highest in 3 filed years
Employees
760
-5.6% vs 2024
Profit before tax
£7.4m
-18.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-10-10.
-
Accounts not prepared on a going-concern basis
As described in Note 1(b) and Note 23, the majority of the trade and assets of the Company were transferred to WSP UK Limited on 1 July 2026. The Company will cease trading and there is no intention to seek a replacement trade. Considering this, the Directors have concluded that the financial statements should be prepared on a basis other than going concern. Under this basis, assets and liabilities have been measured in accordance with the Company's accounting policies.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2023-06-30 | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £74,052,000 | £84,204,000 | £85,525,000 | +1.6% | |
| Operating profit | £9,219,000 | £9,014,000 | £7,770,000 | -13.8% | |
| Profit before tax | £9,275,000 | £9,144,000 | £7,442,000 | -18.6% | |
| Net profit | £6,891,000 | £6,460,000 | £5,390,000 | -16.6% | |
| Cash | £4,985,000 | £4,856,000 | £4,714,000 | -2.9% | |
| Total assets less current liabilities | £40,665,000 | £46,779,000 | — | — | |
| Net assets | £36,318,000 | £42,778,000 | £48,168,000 | +12.6% | |
| Equity | £36,318,000 | £42,778,000 | £48,168,000 | +12.6% | |
| Average employees | 735 | 805 | 760 | -5.6% | |
| Wages | £27,298,000 | £30,683,000 | £37,257,000 | +21.4% | |
| Directors' remuneration | £737,000 | £435,000 | £206,000 | -52.6% | |
| Directors' pension contributions | £15,000 | £14,000 | — | — | |
| Highest paid director | £92,000 | £263,800 | £195,000 | -26.1% |
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 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|
| Operating margin | 12.4% | 10.7% | 9.1% | |
| Net margin | 9.3% | 7.7% | 6.3% | |
| Return on capital employed | 22.7% | 19.3% | — | |
| Gearing (liabilities / total assets) | 52.1% | 50.2% | 53.5% | |
| Current ratio | 0.94x | 1.02x | 0.93x | |
| Interest cover | 15.89x | 7.61x | 4.98x |
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
- RICARDO-AEA LIMITED 2012-11-08 → present
- RICARDO SHOREHAM LTD 2012-09-26 → 2012-11-08
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“As described in Note 1(b) and Note 23, the majority of the trade and assets of the Company were transferred to WSP UK Limited on 1 July 2026. The Company will cease trading and there is no intention to seek a replacement trade. Considering this, the Directors have concluded that the financial statements should be prepared on a basis other than going concern. Under this basis, assets and liabilities have been measured in accordance with the Company's accounting policies.”
Group structure
- RICARDO-AEA LIMITED · parent
- Ricardo Environment Arabia LLC 85%
- Ricardo Gulf Technical Consultancy LLC 49%
Significant events
- “On 1 July 2026, the Company transferred the majority of its trade and assets to WSP UK Limited, a fellow group entity. Following this transfer on 1 July 2026, the Company ceased to trade.”
- “Geopolitical tensions in the Middle East increased from February 2026. The Company has a dormant branch and subsidiaries in Saudi Arabia and UAE. Management has not identified any material impact on employees, operations, project delivery or financial position, but the situation remains under ongoing review.”
- “On 1 July 2026, the Company transferred the majority of its trade and assets to WSP UK Limited for £114,035,153, as an intercompany loan. All employees were transferred to WSP UK Limited on the same date, and the Company has now ceased to trade.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARNARD, Miles Lawrence | Director | 2026-03-13 | May 1966 | British |
| PASCOE, Alexander James | Director | 2023-09-25 | Jan 1979 | British |
| SHARP, Jamie John | Director | 2026-03-24 | Nov 1975 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARTLEY, David | Secretary | 2021-05-10 | 2024-01-31 |
| RYAN, Patricia | Secretary | 2012-09-26 | 2021-05-10 |
| BELL, Paula | Director | 2012-09-26 | 2013-03-28 |
| BELL, Robert Thomas | Director | 2012-11-20 | 2015-12-31 |
| COTTRELL, Judith | Director | 2023-09-25 | 2025-12-31 |
| CURTIS, Timothy John | Director | 2013-02-22 | 2023-02-28 |
| FAUSSET, Martin Clifford St John | Director | 2012-09-26 | 2013-11-07 |
| GARRETT, Mark William | Director | 2012-09-26 | 2020-07-31 |
| GIBSON, Ian Jeffrey | Director | 2013-07-01 | 2023-08-25 |
| ROGERSON, Ian Fraser | Director | 2013-02-22 | 2024-02-15 |
| SHEMMANS, David John | Director | 2012-09-26 | 2021-09-30 |
| STRINGER, Rachel Clare | Director | 2023-03-23 | 2026-03-13 |
| THOMAS, Neil | Director | 2012-09-26 | 2013-11-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ricardo Investments Limited | Corporate entity | Shares 75–100% | 2016-10-10 | Active |
| Ricardo Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 66 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-18 | AA | accounts | Accounts with accounts type full | |
| 2026-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-04-21 | AA01 | accounts | Change account reference date company current extended | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-21 | AA | accounts | Accounts with accounts type full | |
| 2024-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-17 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.