RICARDO-AEA LIMITED

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

  +13.7%

  £74,052,000 → £84,204,000

• Cash

  -2.6%

  £4,985,000 → £4,856,000

• Net assets

  +17.8%

  £36,318,000 → £42,778,000

• Employees

  +9.5%

  735 → 805

• Operating profit

  -2.2%

  £9,219,000 → £9,014,000

• Profit before tax

  -1.4%

  £9,275,000 → £9,144,000

• Wages

  +12.4%

  £27,298,000 → £30,683,000

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.

1. RICARDO-AEA LIMITED 2012-11-08 → present
2. RICARDO SHOREHAM LTD 2012-09-26 → 2012-11-08

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the company or to cease its operations, and as they have concluded that the company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Group structure

1. RICARDO-AEA LIMITED · parent
   1. Ricardo Environment Arabia LLC 85% · Saudi Arabia · Environmental Consultancy
   2. Ricardo Gulf Technical Consultancy LLC 49% · United Arab Emirates · Environmental Consultancy

Significant events

• “Continued demand for our solutions resulted in growth in order intake of 5% from £95.9m in FY 2022/23 to £100.4m in FY2023/24 and headline revenue increased by 14%, from £74.1m to £84.2m.”
• “Development costs capitalised this year were £2.6 million (2023: £2.1 million), reflecting our continued investment in new technology, tools, processes and software development to create opportunities and meet the needs of our customers.”
• “The closing order book at 30 June 2024 was strong at £85.0m, providing good visibility into the new financial year, which helps to underpin the execution of the Company's growth strategy.”
• “Restructuring costs (2024: £1,838,000, 2023: £428,000) related to redundancy costs arising from the combination of the operational transformation programme and significant multi-year review to support creating a combined Clean Energy and Environmental Solutions business focused on key markets across the Ricardo plc Group's Rail and Energy & Environmental businesses.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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